Become a global property dealer
The Hindu : Without proper communication, awareness and exchange programmes, how would the reality of realty advancements be known to people across the world? How would people access the availabilities in other countries? Consider the latest development that would enable the movement in real estate sector.The U.S.-based National Association of Realtors (NAR) represented by its president Pat. V Combs signed a bilateral agreement with the newly-formed National Association of Realtors-India (NAR-India) at a ceremony in Las Vegas recently. This agreement makes it possible for local realtors to deal in property across the world through a online portal. NAR-India has also signed an agreement with the International Consortium of Real Estate Agents (ICREA) on business protocols.Commission“The agreement is expected to help realtors do business with around 1.2 million realtors globally. They can buy, sell, lease or even refer prospective clients on the look out for property solutions to members globally through the portal for a commission on the transaction closed”, explains Farook Mahmood, Founder and President, NAR-India.This tie-up is aimed at creating a better business environment for the benefit of property buyers.“Today, the property buyer does not have a one-stop shop to source information and data to make a well-informed choice on which project to buy. He needs to garner information from many sources and often depend on hearsay. Now, we will create a more professional and transparent realtor segment which will help people get the best deal,” adds Farook Mahmood.Study coursesNAR-India will be conducting a series of courses on a host of property-related issues such as finance, comprehensive development plans and legal matters for the member real estate agents. Certification courses too will be offered.A code of ethics and standard of business practices will be put in place. There will be a system to redress grievances of clients ultimately. “To begin with, we are holding a certification course in Goa early next year covering issues such as FDI…More
