What is a key requirement for an individual to qualify as an agent/manager?

To qualify as an agent or manager in the real estate industry, having two years of experience in the industry within the last five years is a key requirement because it establishes the individual’s familiarity and understanding of the market, legalities, and practical operations of real estate transactions. This hands-on experience is crucial as it ensures that the agent or manager can navigate the complexities of real estate practices, engage effectively with clients, and handle various situational challenges that may arise in the course of their work.

Other options do not meet the same level of necessity for the role. Completing a real estate transaction, while beneficial, does not guarantee the breadth of knowledge and skill required. A university degree in business may provide valuable insights, but it is not a mandatory requirement for practicing as an agent or manager. Lastly, holding a license issued by the Department of Justice is often a part of the qualification process but varies by jurisdiction and does not alone demonstrate the requisite experience or expertise needed to successfully perform in the role.