Licence
mehul
(Querist) 22 October 2011
This query is : Resolved
I want to know that for Real Estate Agent it is compulsory to aquire license. If ,yes then tell me what is the processor.
Sankaranarayanan
(Expert) 22 October 2011
better to seek nearer lawyer regarding it,
ajay sethi
(Expert) 22 October 2011
in haryana it is necessary . please see the article in economic times
Registration must for real estate agents
E Jayashree Kurup, ET Bureau Sep 14, 2008, 02.26am ISTFor the first time in the country, a state government, Haryana, has announced that real estate brokering services will have to be undertaken by licensed professionals. As a leading industry watcher puts it: "Real estate agents have been acknowledged as important links in the supply chain of real estate."
The biggest benefit of mandating registration of brokers in Haryana is that there is some accountability built into the system. The early attempts at training real estate agents started in the late 1990s when the Housing and Urban Development Corporation (Hudco), through its training wing Housing Settlement Management Institute (HSMI), ran a real estate training course. Key parameters were identified and training imparted. Today, those trained realtors have formed an association — ACRI.
Somnath mukherjee
(Expert) 22 October 2011
YES YOU HAVE TO GET A LICENSE FOR THE SAME
ajay sethi
(Expert) 22 October 2011
So what does registration of brokers do and who benefits? The primary beneficiary of the initiative is the consumer. Government agencies such as the National Housing Bank have been trying to find the formula to get brokers together. Explains Shashi Kant, president, Association of Accredited Realtors of India (ACRI), "This is a good initiative as it will tell the user that a credible set of people are working on the brokerage of the real estate transaction."
In the US, every house that has to be sold has to be listed in the industry-sponsored Multiple Listings Service (MLS) that started in the 1960s. Agents who hold licences to operate in the area, get the details of the listings and after the transaction is concluded, are paid brokerage commissions based on formal applicable rates. But in India, anybody can become a real estate agent with no certification of skill sets or licensing for areas of operation.
So what are the specific skills required to service a customer? "When selecting a broker a customer has to ensure that the broker is familiar with the ground rules of the state or city and the trends of property development," explains a urban finance specialist. The agent is the consumer's first interface with the market and a licence will ensure a minimum level of credibility. As the authority which operates and liaises between the owner/developer and the user/.buyer, he should know what to reco
prabhakar singh
(Expert) 24 October 2011
MR. SETHI HAS RIGHTLY INFORMED YOU.
HOWEVER A MUCH NEEDED REGULATORY BODY HAS STILL NOT BEEN PROVIDED DUE TO RELUCTANCE OF CENTER.
