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Key Qualities to Become a Real Estate Agent?

To become a real estate agent and have a successful career in the competitive real estate market, it’s important to comprehend consumer behaviour and the marketing strategies required to grow. Here are some essential qualities that a real estate agent should have: 

Networking – Networking holds utmost importance in the real estate business. Stay connected with your peers and fellow agents at all times; they’ll be able to give input when you’re dealing with difficult clients or projects with unexpected challenges. Additionally, becoming a part of groups like the National Association of Realtors (NAR), Association of Certified Realtors in India, and All India Real Estate Agents Association will help enhance your network globally.  

Transparency – In addition to knowing how to become a real estate agent in India, it’s essential to follow certain guidelines like transparency to be successful. If you’re unclear about any aspect of the property, unsure about the builder’s track record, or unaware of the property’s details, make sure to be open about it with your client. Any legal hassles or risks associated with buying the property must be conveyed to the client. 

Avoid assumptions – When it comes to documentation, property valuation, legalities, and other vital information, avoid making any assumptions. Make sure to rely on facts and facts only. 

Referrals – A good real estate agent has happy customers. It’s not enough if you just know how to become a real estate agent in India. You need to learn from fellow agents, work hard, deliver your best and win your client’s trust. Doing so will get you referrals from your valued clients and help create a name in the real estate market. 

Online presence – In this digital era where everyone relies on information online, creating an online presence plays a crucial role in gaining credible customers and boosting your business. Have a business listing in Google, an active social media page, and/or a basic website where potential clients can research about your business and connect with you. When prospective clients get to connect with you easily, it increases your chances of getting business from them. 

Consultant role – If you want to know how to become a property dealer who is successful in the competitive market, it’s important that you don’t just focus on selling. Acting as a consultant rather than merely a sales agent will help you understand client requirements, provide them with suitable options and help them find what’s best for them. This will not only ensure customer satisfaction but also help you gain clients’ trust and, in turn, get testimonials from them.

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Real Estate Regulatory Authority (RERA) Certification Process

Real Estate Regulatory Authority (RERA) Certification Process

The RERA certification process involves the following stages:

  1. Completion of Paper Work: It is essential to complete the RERA enrolment form and attach the necessary documents to kickstart the process. 
  2. Verification: The submitted details and documents are verified. 
  3. Filling of Registration Forms: Form-filling based on all the provided facts. 
  4. Work Completion: The registration number is given as soon as the Real estate regulatory authority (RERA) account has been made.
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Documents Required for RERA Registration To Become a Real Estate Agent in India

Documents Required for RERA Registration To Become a Real Estate Agent in India

For RERA registration, the broker or real estate agent must have a duly filled application form ready. Apart from this, the following documents are required to be submitted:

  • Authenticated copy of the address proof, email address, and phone number of the place from where the business will operate.
  • Authenticated copy of the agent’s PAN card.
  • Name, contact details, photograph, and address of the real estate agent and the directors or partners.
  • The last three years’ Income Tax Returns.
  • Name, type of enterprise (company, societies, proprietorship, partnership, etc.), and registered address of the enterprise.
  • If it’s a real estate agency, then particulars of the agency, including the MoA (Memorandum of Association), byelaws, and AoA (Articles of Association), must be submitted.
  • Registration details in any other state (if applicable). 
  • Details of any criminal/civil cases pending against the real estate agent or his/her company.
  • Copies of acknowledgment receipts, letterheads, and rubber stamp images that the agent wishes to use.
  • Details of the real estate projects, promoters, and their advertisers with whom the real estate agent associated for business in the last five years.
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RERA Guidelines on Registration of Real Estate Agents and Brokers

RERA Guidelines on Registration of Real Estate Agents and Brokers

The Real Estate (Regulation and Development) Act 2016 launched the Real Estate Regulatory Authority (RERA) with the aim to enhance transparency and accountability in real estate transactions and organize the whole process. The Act requires every real estate agent to register with their state’s respective real estate regulatory authority to procure a RERA registration number/license. Once issued, the license will be valid for five years.  

As per RERA guidelines, a RERA registered/licensed real estate agent shall 

  • not facilitate the purchase/sale of any unregistered property.
  • obey the rules stated in the Act.
  • not indulge in any unfair trade practices such as making a statement (orally or in writing) that is false and misleading or allowing the advertisement of services that will most likely not be offered. 
  • facilitate the possession of all the documents and information that the homebuyer is entitled to at the time he/she books any apartment, plot, or building.

RERA Act regulates real estate transactions and ensures that home buyers have access to licensed, responsible agents without having to worry about being misled or cheated. Security, fairness, authorization, transparency, and quality are all taken care of by RERA. It offers a number of benefits to the promoter, the buyer, and the real estate agent as well

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How to become a real estate agent?

How to become a real estate agent?

To become a property dealer in India, it is necessary to obtain registration under RERA (Real Estate Regulatory Authority). The Real Estate (Regulation and Development) Act 2016 has regulated and organized real estate businesses so as to facilitate home buyers and agents alike in their transactions. The RERA registration process and its fees vary across states.  

In addition to RERA registration, the agent should also apply for Professional Tax Registration (PTR). PTR refers to the tax imposed by every state for performing professional services in the region. The state tax department provides a PTR to the agent by charging a fee (the fee varies between states), and this registration certificate must be renewed annually.

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What is a Real Estate Agent?

What is a Real Estate Agent?

A real estate agent is one who connects buyers and sellers for real estate transactions and acts as a mediator or representative in their negotiations. Real estate agents are licensed professionals who work for a real estate broker (a brokerage firm or an individual) who possess a specialized license and more experience. 

Whether you’re selling or buying property, a real estate agent will help you close the deal keeping all your requirements in mind. He/she will guide you at every step, from property research to closing the real estate transaction. Generally, the agent’s fee includes a percentage of the property sale price. Before reading about how to become a real estate agent in India, here’s a list of the general duties of real estate agents that include research, administrative work, and marketing:

  • Schedule appointments and presentations
  • Determine client’s financial abilities and needs
  • Update property listings
  • Answer emails and phone calls
  • Search open listings and find properties 
  • Carry out comparative real estate market analysis
  • Draft documents (leases, closing statements, deeds, contracts, etc.) and deliver them
  • Stay up to date with real estate trends, markets, and best practices
  • Network with local businesses and potential clients
  • Prepare and distribute promotional material 
  • Run advertising campaigns
  • Manage their social media/online presence
  • Build a business website or blog 
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Can I buy two affordable housing in Gurgaon?

Can I buy two affordable housing in Gurgaon?

No only one flat buy in Affodable Housing in Gurgaon.

Any person can apply but person which includes his/her spouse or his/her dependent children who do not own any flat/plot in any HUDA developed colony/ sector or any licenced colony in any of the Urban Areas in Haryana, UT of Chandigarh and NCT Delhi shall be given first preference in allotment of flats. An applicant in a specific colony shall make only one application. Any successful applicant under this policy shall not be eligible for allotment of any other flat under this policy in any other colony. In case, he/she is successful in more than one colony, he/she will have choice of retain only one flat. All such applicants shall submit an affidavit to this effect.

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What is Real Estate Business?

Real estate Business is a property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.In terms of law, real is in relation to land property and is different from personal property while estatemeans the “interest” a person has in that land property.

Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made. Real estate is a form of real property.

Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm.

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What is real estate ?

What is real estate ?

Real estate is a property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.In terms of law, real is in relation to land property and is different from personal property while estate means the “interest” a person has in that land property.

Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made. Real estate is a form of real property.

Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm.

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