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Published on:
May 22, 2023
Views:
300
In the real estate sector, students I can explore various job roles including that of property managers, publishers, builders, and renters. However, real estate agents are the real drivers who are perpetually communicating and helping build relationships with these players. They serve as advocates for both the buyers and sellers at different moments in addition to their other roles as analysts, auctioneers, consultants, negotiators, and marketers. Working in the real estate industry is not easy as it necessitates both the acquisition of actual industry experience as well as a thorough understanding of the licensing requirements. Here are some step-by-step instructions to embark on a career as a real estate agent:
Thorough research on licensure prerequisites will help
There exists a different set of criteria for becoming a licensed real estate agent in different states. Therefore, it is imperative that students meticulously investigate the specific requirements of their state to ensure that they meet all the essential qualifications. Most states mandate that aspirants who desire to become real estate agents complete a specific educational programme before taking the licensing exam. Typically, this entails enrolling in a pre-licensing course either online, at a local college or real estate school.
Enrol in a real estate agent course
Before obtaining a license, real estate education is mandatory. Candidates can enroll in a real estate professional institute where they would learn about to- pics like ethics, law, dealing with clients, structuring transactions, adhering to environmental regulations, analysing properties, and portfolio management. Selecting a licensed and an accredited intstitution is highly recommended and the instructors must be qualified and well-ttrained. The facility should also continue to support students and offer comprehensive up-to-date information. Upon completion of the necessary educational requirements the candidates must pass the licensing exam.
Find an established broker
In majority of states, students may have to work under the supervision of a licensed broker for a predetermined amount of time before securing full licensure as a real estate agent. The process can be started by looking up reputable brokers in your area and contacting them about open positions. Students will gain a great deal of relevant hands-on experience in the industry working with a broker. This might entail helping with deal making, property marketing, and showings. Importantly, learning to speak with assurance, perfection, and professionalism will improve the chances of cracking good deals.
Obtain your full licensure
In India, the real estate industry has become more organised, particularly since the Real Estate (Regulation and Development Act), 2016 (RERA) was passed. The central act directs the registration of property agents with the concerned state-level real estate regulatory authority to obtain the RERA registration number or license, which is generally valid for five years.
Pursue ongoing education
It is imperative to continue the education even after receiving full licensure if they want to stay current with the industry changes and retain their certification. Candidates will likely need to undertake continuing education courses periodically to sustain good standing with their licensure.
(The author is co-founder and direc- tor, Institute of Real Estate and Finance IREF)
Published on :- Times of India
Date:- 22-05-2023
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