Real Estate Agent sometimes also known as Real Estate Broker or Property consultant is a professional who helps to negotiate and facilitate selling and buying of immovable properties in form of vacant land, building, shopping centre, market, factory site etc. Real Estate Agents are the professionals aware of the area they are operating in and can give proper information of the kind of property one is looking for in a particular area. These professionals are also aware of the paperwork involved and the fees and other charges etc. taken by the respective government agencies of the area. In this way, they are apt to give proper guidance and service to the buyer in lieu of some fixed service charges or commission from the deal.
Since the late nineties of the last century with the opening up of the world’s economy and spreading of the suburban area around the industrial and metropolitan cities throughout the world especially in the third world countries of Asia like Indian, the importance of the Real Estate Agent has increased a lot.
Responsibly of an efficient Real Estate Agent is to make the deal hassle free from any kind of worries involving the authenticity of the papers etc. Experienced Real Estate Agents can assess the needs of buyer and seller and help them make the best possible deals from so many options available and best known to them.
Young people with desire and capacity for hard work can get both recognition as well as satisfaction and earn a lot of money in quick time. But to reach such high positions one should have to work hard and should have the requisite basic knowledge concerned with this field.
Real Estate Agent Eligibility
Educational QualificationAlthough no specific qualification is required to adopt this profession. Still to be able to do his work efficiently and confidently one should be at least a graduate with good command over English and the local language of the area one is operating in. However one can do short duration diploma’s in Real Estate providing by some related institutes.
Real Estate Agent Required Skills
- Real Estate Agents must be remained up-to-date on present values and current rules and regulations as well as documentation required. A trained professional only can correctly advise their clients, and take care of the paperwork when it is necessary.
- They also have people skills, sales skills, communication skills, analytical skills, ability to synthesize and creative ability.
- They also required having knowledge of the purchase process, responsiveness, and knowledge of the real estate market, communication skills and negotiation skills.
How to become a Real Estate Agent?
There are two basic ways to enter this business:
- You can join some established companies in the field. DLF, Parshwanath developers, Unique builders are few corporate to name in India. They are among the top thirty biggest companies in India listed in Bombay stock exchange dealing in Real Estate. You can gain the requisite experience and learn the terms of the trade and after getting some inside knowledge of the trade go for your own business. OR
- You can straightway open your own Real Estate Company after getting register yourself (where ever required) and do your work independently.
Real Estate Agent Job Description
Real Estate Agents job description includes apprising his clients about various properties up for sale. He sells and markets real estate on behalf of a builder who has hired them. Advertising is an important aspect of sales and marketing. Real estate agents also look after advertising. Often these agents arrange finance for the builders. Sometimes even they go to an extent to buy real estates in wholesale. Generally, they do it on a contract basis. They themselves sell the properties on behalf of the company.
Real Estate Agent Career Prospects
With the widening of the habitation area because of increasing population in and around the metropolitan area along with the development of the large suburban area, there is a great shift of the population from the rural towards the urban area. Thus there is a lot of activity involved in the dealing of land and house purchases in the last couple of decade, which is bound to increase in the coming time. Thus there is great scope for the professionals involved in this business of property in the coming time. Big corporations like DLF, Parshwanath developers, unique builders have started joining this business everywhere. They need the large number of people to manage and run the show thus the increase in scope for Real Estate Agents in the coming times.
Real Estate Agent Salary
Real Estate Agent can expect to get anything between Rs.35,000 to Rs.40,000 to start with working in a Big Real Estate Company DLF, etc. After gaining some on job experience one can start his own business and can earn as much as possible depending upon his own dealing and goodwill in the market.
