Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - 1st ever 'National association' of Indian Realtors

Pinnacle · 26-06-07

Its been almost 4 years that NAR (National Association of Realtors), USA, wanted to bring about some credibillty to the Brokers in India.
As we are all aware, Construction as an Industry doesnt enjoy the status of INDUSTRY which has been long overdue. Add to that is the woes of Brokers not having any legal status as professionals while conducting business.
This was harmful for both the customers and the brokers themselves.
Unscruplous fly by night operators became brokers and fleeced cleints as there are no standard structure for brokerage fees.
At the same time, when cleints duped brokers of their fees, brokers dont have recourse to legal remedy to recover the fees. As a result, bad debts for brokers are a way of life with no options for recovery.

Local brokers association have always existed, but that did not have a great impact on the national scenario. I have been part of a local association in Mumbai for the last 8 years and reaped the benefits of being a part of the community that is getting organised.

So when NAR intended to come to India, we immediately saw the benefits that would accrue to the realty community. I among with 30 other brokers were part of the first batch who took the NAR course in india and qualified to become Realtor(R).
After that i completed 2 courses - CIPS (Certified International Property Specialist) and TRC (Transnational Referal Certification).
These and other course offered by NAR is a tremendous oppurtunity for local brokers to get the coveted Realtor(R) Tag and add value to his business. Not only do these courses make them more productive and systematic in their work, but it opens a worldwide window of oppurtunities for brokers to do business all over the world. They become eligible to refer overseas clients and recieve referals from fellow Realtors(R) all over the world.

With NAR coming to INDIA, the local broker now gets an oppurtunity to go global.

Please feel free to ask for any more inputs members would like to have on this. I would be more than glad to contribute here

26-06-07	#2
Pinnacle Member Join Date: Nov 2006 Location: Mumbai, India Posts: 260 My Mood: Thanks: 0 Thanked 3 Times in 3 Posts	NAR comes to INDIA Its been almost 4 years that NAR (National Association of Realtors), USA, wanted to bring about some credibillty to the Brokers in India. As we are all aware, Construction as an Industry doesnt enjoy the status of INDUSTRY which has been long overdue. Add to that is the woes of Brokers not having any legal status as professionals while conducting business. This was harmful for both the customers and the brokers themselves. Unscruplous fly by night operators became brokers and fleeced cleints as there are no standard structure for brokerage fees. At the same time, when cleints duped brokers of their fees, brokers dont have recourse to legal remedy to recover the fees. As a result, bad debts for brokers are a way of life with no options for recovery. Local brokers association have always existed, but that did not have a great impact on the national scenario. I have been part of a local association in Mumbai for the last 8 years and reaped the benefits of being a part of the community that is getting organised. So when NAR intended to come to India, we immediately saw the benefits that would accrue to the realty community. I among with 30 other brokers were part of the first batch who took the NAR course in india and qualified to become Realtor(R). After that i completed 2 courses - CIPS (Certified International Property Specialist) and TRC (Transnational Referal Certification). These and other course offered by NAR is a tremendous oppurtunity for local brokers to get the coveted Realtor(R) Tag and add value to his business. Not only do these courses make them more productive and systematic in their work, but it opens a worldwide window of oppurtunities for brokers to do business all over the world. They become eligible to refer overseas clients and recieve referals from fellow Realtors(R) all over the world. With NAR coming to INDIA, the local broker now gets an oppurtunity to go global. Please feel free to ask for any more inputs members would like to have on this. I would be more than glad to contribute here __________________ Ram