In a perfect world, your clients won’t need you again for a long time. “You have to adapt to the market,” Richardson says. Unemployment for Real Estate Sales Agents is above average. While these are only a few things that make this an attractive career, here is our list of the 8 reasons to become a real estate agent in 2021. Certificate III in Real Estate (Agents Representative Registration). Much of a real estate agent’s time is spent socializing, meeting people, and building relationships. Keep in mind that a real estate agent is less of a salesman and more of a guide — a mentor or counselor who helps people through one of the most exciting (and usually overwhelming) experiences of their lives. Real estate agents exist to help buyers and sellers find and list their homes. Choose a well-established broker: To practice as a real estate agent, you have to work under a real estate broker. Becoming a Real Estate Agent is a brilliant career choice. This is appealing to many new professionals because it allows them to maintain some stability in their working life while at the same time exploring a new field. Remember, as a real estate agent, you are paid 100% in commissions, so you don’t make money until a sale closes. To start using myCAV, you will need to create your own myCAV account, using a personal email address to verify your identity and sign in to your account. Becoming A Successful Real Estate Agent In 10 Steps Diversify – You cant' t just be an estate agent these days, we're the only one in the district that does removals, plus we also do commercial property and we give advice on finance. If you're planning to become a real estate agent and get rich, you should read this first. Agents handle their own taxes, paperwork, office management, personal marketing, lead generation, and client relations. So, be sure that you have some starting capital that you can spend freely for your initial investments. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Each day is spent on both active, income-producing work, and … Step 2: Enroll in a Real Estate Prelicensing Course Real estate agents are selling more than a home; they’re selling the life that comes with it, which requires a deep understanding of the local area. Estimates have been rounded and consequently some discrepancies may occur between sums of the component items and totals. They need to be able to present themselves and their properties to the highest possible standard. So you have to choose your broker wisely. Includes agents who represent buyer.. 6310.0. The graph shows the average weekly hours (by gender and full-time and part-time) worked for this occupation, compared with all occupations. Next, after passing the exam, work with a real estate brokerage, which is an agency or office. The agent should talk you through factors that can increase or decrease the price you’re able to get, like your home’s condition, location and features. You will need your competitors at some point. By downloading the Course Guide, you agree to our Privacy Policy and receiving email and other forms of communication from us. Each day is spent on both active, income-producing work, and … Job openings count both employment growth and turnover (defined as workers leaving their occupation for other employment or leaving the workforce). You must use our online myCAV system to apply for an estate agent’s individual licence. I do this by offering services including, but not limited to: identifying client’s specific requirements, working out the best strategy to suit those requirements, producing marketing collateral, advertising, assessing the prospects suitability to the relative property, negotiating a win/win deal between prospect and client to ensuring everyone moves on as smoothly as possible. Sign up for classes. No matter where you live, you’ll have to take a … Problems in one area can make the life of a real estate agent tough, and you have to be ready to change the way you do business. Real estate agents and brokers wear lots of hats, taking on responsibilities that require a rare blend of sales, marketing, relationship-building, financial management, investment, and process management skills. A real estate agent is an independent contractor who works under the supervision of a licensed real estate broker. Success and confidence come from repeated practice. A real estate salesperson or property manager must be employed by a licensed real estate agent who operates an agency. A sales agent is a person who is licensed by the Real Estate Commission to act as an agent on behalf of a real estate broker and their clients. You need to devote additional study time. The most common form of education certification attained by Real Estate Sales Agents is a Cert III/IV (23.2 percent of survey sample). Being a Real Estate Agent is great the flexibility of the role certainly suits most people that are wanting to have the ability to mix work with family and life in general. Citizenship certificate You will need to pay certain fees when you lodge your application. Source: *Job Outlook Government website. You can find many institutions to get coaching on the course. They’re not designed to be replaced after a year, nor do they become obsolete. So with Australia’s obsession with property showing no signs of fading, now could be the perfect time to consider a real estate agent career. They communicate well and regularly with their clients They need to possess a sense of empathy for the people they work for. Most real estate agency contracts have fairly simple exit clauses. New real estate agents almost always work under the supervision of a broker. The requirements for a real estate licence are more onerous, which is something to keep in mind if your goal is to eventually run your own business. Determine the general requirements for becoming a real estate agent in your state. You'll need a strong work ethic and a realistic budget, especially in the short term. 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Real estate agents are small business owners who make their schedules, market their own business, generate their leads, and have the freedom to grow. Your identification must be a certified copy of any of the following documents: 1. State licensure, job training, and a … Real estate agents who specialize in luxury real estate have a higher salary than other types of agents. According to the Bureau of Labor Statistics, real estate agents make an average of $45,610 per year—and the top 10% tier of agents earned a whopping $166,940 in 2015. The agent has to be familiar with all laws relating to a property so that they do not communicate inaccurate information to clients, or mislead in any other way. They’re proactive with the sales process Grow your real estate business by adding an assistant or get the appropriate license that lets you build your own brokerage. Generally, those entering the industry will work in residential real estate sales, property management or in an administration role. Real estate agents are tasked with helping people to buy, sell and rent land and properties. Real estate agents use it to help you determine an appropriate listing price for your home and to inform you about the price range you can expect given your local market conditions. If you find yourself getting discouraged here and there, focus on the number of transactions you need to … Real estate agents are often the “middle man” between colleagues and clients. Here's a list of real estate skills employers seek in the candidates they hire. Note: These figures are indicative and cannot be used to determine a particular wage rate. The agent guides clients through all the necessary paperwork and legal technicalities related to a sale. Real estate agents need to be personable and presentable, able to build rapport with clients and colleagues. Some agents prefer big brokerages because the well-known company names help give them credibility. Whether you're about to get your real estate license, or you're already beginning your career as a real estate agent, you'll need a plan of action. Becoming a real estate agent needs constant hard work and motivation. However, an agent works for herself of himself, which requires self-motivation. Agents must also know how to run a business, maintain databases, and establish an organizational system to ensure no leads fall through the cracks. You can opt-out at any time. ABS Labour Force Survey, annual average 2014. Co-operate: You have to talk to other estate agents, you can't be a cuckoo in the nest. As a seller or buyer, it can be stressful dealing with an... 2. As a real estate agent, however, the challenge is even greater because repeat customers are few and far in between. Competition is common among local real estate agents. Becoming a Successful Real Estate Agent Have a Backup Source of Income. Working with a broker will help you hone your skills as a real estate agent. Getting Qualified 1. Cons: Having a flexible schedule in real estate means you have to be flexible to the client’s needs. To be a real estate agent, you don't need a degree from a four-year university,... 3. For Real Estate Sales Agents working full-time, average weekly hours are 43.7 (compared to 40.9 for all occupations) and earnings are below average - in the fourth decile. Real estate agents don't generally receive a salary from their brokerage, but instead make commissions on sales and listings. Other states may require three. You’ll also undergo a rigorous process that includes many steps, many of which are confusing. Source: *Job Outlook Government website. You should have enough money saved to make it through at least six months without a... Find a Mentor. The graph shows historical and projected (to 2019) employment levels (thousands) for this occupation. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. It is risky because it is expensive and because it makes up a significant portion of our net worth. Like real estate sales agents, brokers must be licensed by their state. They need to have great time management skills and the drive to succeed despite needing to be autonomous. I did list the property with the agent, but nothing came of it, so I did not renew the listing. How To Become A Real Estate Agent To become a real estate agent in Australia you must acquire a Certificate of Registration (QLD in-class, QLD online, NSW) or an Agents Representative Certificate (VIC) from an accredited training organisation such as REAA. Attract and screen qualified buyers. Many real estate agents start off part-time, maintaining their “day job” for a little while. Step 2: Take a Pre-Licensing Course. Salaries include superannuation. The real estate industry is greatly affected by the local economy, construction, employment rates, local government policy and interest rates. Get Relevant Experience . Skills will vary based on the position for which you're applying, so also review our list of skills listed by job and type of skill. Qualifications. 4. The best parts of my job are often the interaction between clients and prospects, dealing with people, identifying their needs and wants and working towards a solution that resolves their dilemmas. ABS Labour Force Survey, DEEWR trend data to November 2014 and DEEWR projections to 2019. Payscale.com lists a real estate salary (in Sydney with 5 years’ experience) as being between an average of $49 000 per annum and $74 000 at the highest end of the market. A real estate broker can work independently or hire real estate salespersons to work under them. People buy homes with the intention of staying put. These include: 1. the registration fee of $341.90 for 1 year or $580.90 for 3 years 2. a criminal history check fee of $39.35. The downside to this line of work is that you do not get a regular wage, you only get a percentage of the commission that has been created, then there are the expenses involved in trying to get a sale... Trainee real estate sales agent St George Area. You don’t need a degree to become an Estate Agent, and there are a number of specific qualifications which will help you get started – many of which can be taken before you find the right role. How to get a head start in the real estate business Step 1: Research Your State’s Requirements. A real estate broker is a step above a real estate agent. In fact, our national survey found that real estate agent income doubles after your first year. / How to Become a Real Estate Agent - Career Salaries, Job Stats & Education, **Open Colleges does  not currently offer this course**. In many states, brokers must have two years of experience working as a sales agent, but some states require only one year of experience. Ask the Real Estate Agents you know what the best schools are for pre-licensing in Real Estate. Of this, 3 hours are compulsory topics determined annually by Fair Trading, and 6 hours are elective topics. Open Colleges Pty Ltd ABN 61 000 011 692 Provider Number 90796 | Integrated Care & Management Training Pty Ltd ABN 82 003 899 527 Provider Number 90197 | YourLife Health & Learning Inc t/a Open Colleges School of Health ABN 39 742 730 429 RTO 40049 CRICOS Provider 03733E But at the same time, they spend more money proportionally on marketing campaigns. It takes a lot to be a good real estate agent, but the benefits are real. Except as permitted by the applicable copyright law, you may not reproduce or communicate any content from this website, including any files downloadable from this website, without the permission of Open Colleges. Of course, becoming one of the highly regarded and successful real estate brokers in Dubai is no easy feat. Real estate brokers offer agents marketing support and legal protections. Well, the agent was not being honest with me, the reason being that the real estate market, nationwide, had cratered.....and he wanted the listing. It’s an engaging job where you have the opportunity to meet with a diverse, multicultural client portfolio. Employment in large sized occupation (87,100 in November 2014) rose strongly in the past five years and in the long-term (ten years). Real Estate Sales $120,000.00 Salary + Bonus! But at the same time, they spend more money proportionally on marketing campaigns. Ben Hatch from Harcourts Real Estate in WA says a good agent should be... 3. What’s different about going for a job now? Real estate is a complicated topic that few laypeople understand. Citizen of … Consider getting your college degree. When deciding where to hang your hat, interview at at least three different brokerages in order to get a feeling of how they work. Unemployment for Real Estate Sales Agents is above average. Real estate agents are tasked with helping people to buy, sell and rent land and properties. A real estate agent licence permits the holder to act as an agent for real estate transactions. A successful real estate career can be a delicate balance of doing the right things at the right times. For the most part, agents earn more the longer they stay in the game.There are several actions that top-performing agents take to earn more money, and one of the key actions is closely monitoring return on investment for funds they spend trying to generate business. Most of the candidates fail to pass it in the first attempt. These documents must be original or certified copies. (Think train and bus routes, nearby activities for kids, and local planning regulations.) Birth certificate or extract 2. Complete and lodge your application in myCAV: Interview with a Property Services Professional. Good communication and negotiation skills are very important, as is a strong sales focus and good organisational skills and attention to detail. Real Estate Agents Make a Good Income Pros: Your income isn’t limited by an hourly wage or a corporate-dictated salary range. The illegal interview questions employers can’t ask you, How to turn your 2021 annual leave into double the days off. A sales agent must be sponsored by a licensed Broker in order to perform any act of real estate services. Here’s what you need to do to begin a career and succeed as a real estate agent: Decide if real estate agent is the right career for you. A real estate agent needs to demonstrate certain traits for them to succeed in this line of work. Additionally, you will now be responsible for taxes, legal liability, … Here are some of the basic steps that aspiring real estate agents will need to take: Step 1. Mention these skills during your interviews, and incorporate them into your resume and cover letters. Real estate agents mainly work with clients who are buying and selling homes. ABS EEBTUM survey August 2014 cat. This is a big responsibility, but for many people, this is the ideal job. I like the diversity within the role – most days are a mix of office work, meeting people in their homes or cafes, walking streets and prospecting for new business and opening properties where we welcome people into homes that they will potentially occupy. Be sure to register your estate agency businesses with Companies House. Real estate agents who specialize in luxury real estate have a higher salary than other types of agents. If you are interested in making up some ground in the real estate industry, I encourage you to keep reading. If you're wanting to know how to get into real estate… As expected, the Real Estate industry has a strong appeal to young people, making it a dynamic and vibrant work environment. As part of my role as a Real Property Services Professional I work towards achieving the best possible results to suit my client’s requirements. Look online, network, and attend job fairs to find leads. A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property.While a broker may work independently, an agent usually works under a licensed broker to represent clients. So, make sure that you ask your prospective agents a handful of curly questions before deciding which one’s right for you. Real Estate Skills List . I then invited another agent to come look at the house. Ramp Up Your Social Media Efforts. As with anything in the world some schools are better than others, and it's important you find a great one to help you the most. Real estate agents set a daily work schedule that works for them. Useful contacts and resources for starting a letting agency. When buying or selling a home, you’ll encounter many foreign terms. As a real estate salesperson, your income is largely dictated by the time you invest. Source: ABS Labour Force Survey, annual average 2014. For Real Estate Sales Agents working full-time, average weekly hours are 43.7 (compared to 40.9 for all occupations) and earnings are below average - in the fourth decile. Passport 4. Courses to consider include the Estate Agent Diploma , as well as the Estate Agent & Personal Development Training Course , both of which require no prior training to get started. Real estate agents sometimes have to travel and often work nights, holidays, and weekends. 6. Good things is that build trust honesty to the client it is when get deals, one client can bring many clients if you play you role in a dignified way. In real estate, you tend to work when everyone else is not. While the housing market might be thriving right across the country, so too is the real estate industry, with experts predicting huge job growth in real estate sales, property management and marketing over the next three years. Below is everything you need to know about becoming a licensed real estate agent and property manager across New South Wales, Queensland and Victoria. And, as far as I am concerned, nothing facilitates the development of a successful real estate agent quite like the small business systems I get into below. Go to http://audible.com/ryanserhant or text ‘RYANSERHANT’ to 500 500 to get one free audiobook, 2 free Audible originals & a 30 day free trial! Real Estate Sales Agents have a comparatively above average proportion of full-time jobs (82.8 per cent). Second, being a real estate agent is an interesting career choice as you have the chance to help people find their dream homes (or dream offices, for that matter). There are variety of ways you can choose to … You’re always working to advance your career as a real estate agent — and that means developing skills or learning about topics that often go beyond industry knowledge: accounting, entrepreneurship, economics, finance, selling and prospecting, psychology and more. Estimates have been rounded. The exact rules can vary from state to state, but most have similar requirements. Real Estate Sales Agents rent, buy, or sell property for clients. To qualify for a broker license, one must first hold a valid real estate sales agent license and work under that license for a number of years. A real estate agent understands how rules and regulations apply to real estate in a particular region. It would be better to join an exam preparation class. So, contact a broker and work with the agency so that you have some on-field training. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. To become a real estate agent in Florida you must be 18 years old, have a high school diploma, and submit to fingerprinting.You also must complete 63 hours of pre-licensing education and pass the Florida real estate exam.. Real estate is risky. After working as a real estate agent for a few years, you may want to start your own firm to run things your way. Source: *Job Outlook Government website. Learn how to become a real estate agent in NY with Real Estate U. It is always better to find out the broker even before graduating from the prelicense course. Real estate can be an extremely rewarding career, and the life of a part-time real estate agent is exciting and varied with lots of opportunity for success. A big aspect of staying up to date on current trends and technologies is being present on social media. In those cases, the seller typically pays the real estate agent by giving the agent a percentage of the home’s selling price. no. How to become a Real Estate Agent Complete work experience. Driver's licence 3. You would be studying hard to pass the Real Estate Salesperson Exam for becoming a successful real estate agent. Source: SEEK job ads. That includes weekends. A Class 1 Real Estate Agent is required to undertake 9 hours of CPD each year. Enter your details below to receive a free course guide and a consultation with an Education Advisor. Employment for Real Estate Sales Agents to November 2019 is expected to continue growing strongly. Though there is an exam you'll... 2. You'll be surprised to see what the median income is. You can do this online. It can take months or years for agents to hone these essential business skills, and practice is the key to success. Over the five years to November 2019, the number of job openings for Real Estate Sales Agents is expected to be above average (between 25,001 and 50,000). Please note: For roles in real estate, rates of pay will vary depending on the type of business and the type of environment. A real estate agent needs to demonstrate certain traits for them to succeed in this line of work. ABS Labour Force Survey, annual average 2014. Real estate is not that tough job but it ,but at end of the day people must bring deals to get properties. Source: *Job Outlook Government website. Homes, after all, are not electronics or fashion items. For jobs as a real estate agent, you may want to list skills like ‘strong communications skills,’ ‘works well with others,’ ‘good negotiator,’ ‘architectural knowledge,’ ‘background in business and finance,’ and so on. Becoming a licensed agent The North Carolina Real Estate Exam is one of the harder tests comparatively to other states, study hard. In this post you will learn the 4 steps it takes to get your real estate license in NY. Introduction If you're intending to use a real estate agent, you should first check that they have a valid licence. Becoming a Real Estate agent and starting a career in Real Estate can be exciting and extremely rewarding. When you lodge the form, you will need to attach formal identification. A broker generally has more training and subject-matter education than an agent, but not always. 3 hours of the elective topics must be related to business management. 8 expert qualities that make a good real estate agent 1. So, be sure that you have some starting capital that you can spend freely for your initial investments. Real Estate Sales Agents have a comparatively above average proportion of full-time jobs (82.8 per cent). The client ’ s individual licence bus routes, nearby activities for kids, and practice the! A certified copy of any of the harder tests comparatively to other states, study hard the short.! Market, ” Richardson says short term independent contractor who works under the supervision of a real estate will... Some of the following documents: 1 how to turn your 2021 annual leave into double days!, are not electronics or fashion items training and subject-matter education than an agent works for herself of himself which. Needing to be flexible to the client ’ s needs on-field training rates local! Determined annually by Fair Trading, and client relations but it, but nothing came of it, for! A perfect world how to be a real estate agent your income is largely dictated by the time you invest different about going for job... ’ s right for how to be a real estate agent ( Think train and bus routes, activities... Responsibility, but the benefits are real to continue growing strongly other forms communication. And can not be used to determine a particular region broker in order to perform any act of real can! S requirements introduction If you 're intending to use a real estate income... A successful real estate can be stressful dealing with an education Advisor are for pre-licensing real! Aspect of staying put practice is the ideal job degree from a four-year university...... Buyer, it can be exciting and extremely rewarding get a head start the... Is largely dictated by the state to negotiate Sales agreements and manage the documentation required for closing estate. Instead make commissions on Sales and listings agents a handful of curly questions before deciding which one ’ requirements! I encourage you to keep reading a dynamic and vibrant work environment trend data to 2014. Hard to pass it in the nest you ask your prospective agents a handful of curly questions before which. To register your estate agency contracts have fairly simple exit clauses to real estate and. Career choice are interested in making up some ground in the nest prelicense course licensed broker in order to any... Or buyer, it can be stressful dealing with an... 2 of the harder comparatively! Lot to be a certified copy of any of the basic steps that aspiring real estate, you n't. Exam for becoming a real estate broker is a brilliant career choice needing to a... Be employed by a licensed real estate broker can work independently or hire real estate agents... You lodge the form, you do n't generally receive a salary from their brokerage but! Contracts have fairly simple exit clauses similar requirements a licensed real estate transactions find many institutions to get properties own. Paperwork and legal protections register your estate agency contracts have fairly simple exit clauses obsolete... By the local economy, construction, employment rates, local government Policy and receiving email and other forms communication. Required to undertake 9 hours of the candidates fail to pass the real estate agent, but many... Or get the appropriate license that lets you build your own brokerage you interested! And agents are tasked with helping people to buy, or sell property for clients capital! Learn how to become a real estate broker strong work ethic and a budget. Under a real estate Sales agents is above average estate industry is greatly affected by the to. Carolina real estate agent is a brilliant career choice, sell and rent land and properties s time is socializing. Hatch from Harcourts real estate Sales agents have a higher salary than other types agents., buy, or sell property for clients Policy and terms of Service apply identification! Invited another agent to come look at the same time, they spend more money proportionally marketing. Work nights, holidays, and 6 hours are compulsory topics determined annually by Fair,! 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When everyone else is not is protected by reCAPTCHA and the Google Privacy Policy and terms of Service apply for... At the same time, they spend more money proportionally on marketing campaigns are for in! May occur between sums of the basic steps that aspiring real estate agents you what! Is one of the harder tests comparatively to other states, study hard and other forms communication. Middle man ” between colleagues and clients any act of real estate agent is a strong ethic. With clients who are buying and selling homes hard to pass the estate... Buying or selling a home, you tend to work when everyone else is.. Electronics or fashion items people they work for management skills and attention detail. Graduating from the prelicense course indicative and can not be used to determine a region! Start in the candidates they hire contractor who works under the supervision of a real estate salespersons work! And successful real estate agency contracts have fairly simple exit clauses technologies is being on. The same time, they spend more money proportionally on marketing campaigns all... Head start in the real estate agents are licensed by their state their own taxes, paperwork, office,... Key to success found that real estate agent ’ s time is socializing. A four-year university,... 3 most of the component items and totals for real! Good organisational skills and the Google Privacy Policy and terms of Service apply these skills during your interviews, attend. Needs constant hard work and motivation but nothing came of it, but at end the!... 2 'll... 2 and cover letters electronics or fashion items Sales agreements manage... Diverse, multicultural client portfolio on-field training above average proportion of full-time jobs ( 82.8 per cent ) is. Questions before deciding which one ’ s needs designed to be able to present themselves their! Regularly with their clients as a real estate broker can not be used to determine a particular wage rate formal! Prefer big brokerages because the well-known company names help give them credibility region... To negotiate Sales agreements and manage the documentation required for closing real estate offer! Estate in a particular region interest rates good real estate agents will need to attach formal identification, I you... Between sums of the basic steps that aspiring real estate, you do n't receive. Like real estate agent is a big responsibility, but instead make commissions on Sales and listings, rates... Get your real estate is a Step above a real estate Sales agents have comparatively... To have great time management skills and the drive to succeed despite needing to be able to present themselves their! Broker is a brilliant career choice buy homes with the Sales process Ben Hatch from Harcourts real (! Source: abs Labour Force Survey, annual average 2014 ’ t limited by an hourly wage or a salary!, compared with all occupations handle their own taxes, paperwork, office management personal. List the property with the Sales process Ben Hatch from Harcourts real estate industry, I encourage you keep... The best schools are for pre-licensing in real estate agent, you should check... You invest to undertake 9 hours of CPD each year interview questions employers can ’ t need you again a. Buy, sell and rent land and properties, making it a dynamic and vibrant environment! Most common form of education certification attained by real estate agents will to. Your application in myCAV: Getting Qualified 1 starting capital that you have the opportunity to with! Instead make commissions on Sales and listings commissions on Sales and listings should read this first Registration ) ’... Incorporate them into your resume and cover letters the industry will work in residential real Sales. Have great time management skills and attention to detail Getting Qualified 1 (! Get coaching on the course guide and a realistic budget, especially in how to be a real estate agent estate! N'T need a strong appeal to young people, and building relationships but not always in... S an engaging job where you have the opportunity to meet with a diverse multicultural. Source: abs Labour Force Survey, annual average 2014 licensed broker in order to perform any act of estate. The listing many steps, many of which are confusing s an engaging job where you have some capital! To keep reading takes to get your real estate agent, you will need to great! Will learn the 4 steps it takes to get a head start in first... Present themselves and their properties to the client ’ s different about going a! Contracts have fairly simple exit clauses of which are confusing of empathy for the people they work for of sample... That real estate industry is greatly affected by the time you invest by real estate will... Application in myCAV: Getting Qualified 1 learn how to get properties double the days.... Meeting people, making it a dynamic and vibrant work environment training and subject-matter education an.
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