Indian real estate has been growing over the years and remains in the spotlight of domestic and international investment. With the recent government reforms aimed at promoting transparency and accountability, the Indian real estate sector is on the threshold of accelerated growth. The industry promises huge prospects, making it the perfect time to be part of the growth story. And the rising number of options for residential and commercial plots and other prominent regions is testament to this fact. You're likely to find the job you're looking for in real estate, whether you're looking for something with more flexibility, more structure, bigger or lower stakes.
This is the most common starter position in the real estate industry. A real estate agent helps you sell a home. The primary function of this position is to represent the seller or buyer of a property. This position requires a significant amount of networking, relationship maintenance, and paperwork. Real estate agents typically earn a commission or a percentage of the selling/purchasing price of their property.
A real estate broker is the owner and operator of a real estate brokerage firm. If you're already on your way to becoming a real estate agent and want to know how to advance your career, consider becoming a real estate agent. It is one of the jobs on this list that requires a real estate license. They are self-sustaining, meaning they keep 100% of their commission split. They often hire, support and manage real estate agents who work under them in their office. Running a brokerage comes with a significant amount of responsibility.
Loan officers play a vital role in the real estate transaction process, as most buyers require a loan to purchase a property. Some loan officers specialize in both mortgages (residential) and commercial loans. They work for lending institutions, such as banks, and act as intermediaries between the consumer and the lending institution. They try to understand the needs of their customers and provide credit solutions tailored to the person or company they serve. When an ideal option is identified, they also assist individuals through the loan application process.
Mortgage brokers help private individuals negotiate the best mortgage terms. If you enjoy negotiating and crunching numbers from the comfort of your own home or office, this career in the real estate industry may be more rewarding than buying and selling real estate. A mortgage broker usually works for a bank or other mortgage lender and assists borrowers through the mortgage application process.
A real estate agent distinguishes itself in the real estate sector by adhering to a higher code of ethics and standards of conduct, but also by broadening its sphere of influence and network. By making the extra effort to become a real estate agent, you show buyers, sellers and other real estate professionals that you are committed to providing a higher level of professional service to your clients by building a solid educational foundation.