The eligibility and conditions for becoming a Real Estate Consultant are defined by the Real Estate (Regulation and Development) Act (RERA) 2016. RERA requires Real Estate Consultants to register themselves with the regulating body before they can carry out commercial activities and transactions in the field. Real Estate Consultants have to adhere to the norms defined by RERA and submit their personal details, business details, income details as well as police verification details to the regulating body for the registration.
Real Estate business is a field that requires tonnes of soft skills and knowledge related to the market, but as such doesn't need any specific degrees. An MBA degree can help Real Estate Consultants approach better companies and demand higher salaries and also develop the competency to start their own firm. ... Graduates of any discipline can become Real Estate Agents if they have the required skills. However, the most important skills are marketing, sales, communication, and the knowledge of real estate laws. A great and loyal customer network is important to build up your business.
Real estate agents are knowledgeable about their local laws on the buying and selling of property. The geographical area that an agent works in is their area of expertise. They know trends within the local property market as well as what competitive prices are for the various properties their clients want to buy or sell. A real estate agent acts as the middleman, or broker, between two parties seeking to buy or sell a property. Real estate agents have the skill and expertise to either market the property and sell for the best possible price and conditions, or to look for property that suits a client's needs and buy it at the best price possible with the most favourable terms. Negotiation is a key part of the real estate agent's work, as they act as the intermediary between buyer and seller and will often negotiate on their client's behalf. Real estate agents will charge a percentage of the final sale price as their fee.