How to Get Real Estate License in India?

Real estate brokers (a brokerage firm or an individual) can be licenced professionals who work as real estate agents. Yes, this is a specialised field which requires an experienced broker license real estate. I can tell you that the typical agent fee is a percentage of the selling price of the property. 

How to get property dealer license in India? 

In order to help home purchasers and agents in their transactions, the Real Estate (Regulation and Development) Act 2016 governs and organises real estate enterprises. In addition to RERA registration, the agent must also register for Professional Tax Registration (PTR). PTR is the tax that each state levies on qualified services rendered throughout the region. 

You can go through Mr. Narayandas’s answer to understand how to get real estate agent license. He has explained the process in detail.

I will tell you why it is important to register as a real estate agent and get a property broker license and what are RERA guidelines for the same.

Why is it necessary to register? 

The first step to becoming a real estate agent is to register. The Real Estate Regulation and Development Act of 2016 mandates that each real estate agent receive a real estate broker license online and registration certificate. The goal of this act is to increase transparency and control the real estate sector. According to RERA regulations, agents who are not registered are not allowed to operate their operations. 

RERA Guidelines for Registration of Real Estate Brokers and Agents

The Real Estate Regulatory Authority (RERA) was created by the Real Estate (Regulation and Development) Act 2016 to streamline the real estate transaction process and increase accountability and transparency. Every estate agent needs to register with the state's real estate regulating body in order to receive a RERA licence or number. Following issuance, the licence is good for five years.

So, you know what a broker license real estate is and why is it important to bear one.

One of India's most prestigious industries is undoubtedly the real estate sector. It is always booming, responsive, and very flexible, especially in a nation like India where there is constant strong demand. There's no good opportunity than now to get into the real estate market since prices are now skyrocketing. So let me tell you how to become a real estate agent in India.

How to become real estate agent?

In order to practise as a real estate agent in India, you must first register under the Real Estate (Regulation and Development) Act, 2016. All real estate agents are required by the act to register with the relevant state-level real estate agencies.

The following documents must be submitted with the properly completed state-issued registration form by the applicants in order to be registered:

• Tax returns over the previous 3 years.

• Additional information about the applicant, including address proof, and a copy of PAN Card

• The licence or certificate of registration is issued 30 days after the application.

Real estate agents in India are required to register for Professional Tax Registration in addition to a licence. PTR is a tax that state governments apply on those who engage in professional activity within their borders. This registration must be renewed every year.

What is real estate agent license price?

The agents are then given a five-year RERA Registration Number/License. For both people and businesses, the licencing price ranges from INR 5,000 to INR 2,00,000 and varies from state to state.

How to become a real estate agent must be clear to you now.

Hey Pal,

The middlemen enabling the transactions between a builder and the buyer are real estate agents or brokers. I discovered it to be a successful career choice because I have a passion for real estate. However, registration under the Real Estate (Regulation and Development Act), 2016 (RERA) and the acquisition of a professional real estate licence are prerequisites for becoming a property agent in India.

In India, the real estate industry has increasingly been more organised, especially since the Real Estate (Regulation and Development Act) (RERA), 2016 was passed. According to the Central Act, real estate agents must register with the relevant state-level real estate regulatory agency to receive a RERA registration number or licence, which is typically good for five years.

I have gone through Narayandas’s answer, and I completely agree with him. Also, I would like to suggest that if you are a potential real estate broker and want to obtain a license, then you can go through his answer and follow each step mentioned by him to clarify your query about

how to get a real estate license in India

.

Typically, each State has different registration and real estate agent licence India requirements. For instance, in Haryana, real estate brokers must pay a licence cost of Rs 25,000, while a real estate corporation must spend Rs 50,000 to receive a RERA licence. After five years, the licence can be renewed for Rs 5,000 for individuals and Rs 10,000 for businesses. In Bangalore, however, the licence cost for a firm is Rs 2 lakh, while it is the same for individuals.

I would like to conclude here as I believe this suffices your query about the real estate licence.

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Real estate is an ever growing and booming business. Yes, like every other business it has its ups and downs but overall, it is quite a lucrative avenue. Sighting this, many people wish to start their own real estate business. While they are doing it, they often wonder how to get real estate license in India. I am going to help you know all about it. Read my answer carefully below.

Since the real estate industry is becoming more streamlined and regularised, you have to apply for a license for real estate agent in India. RERA, the regulatory body for real estate projects and builders, provides the authorization. Here is how to get real estate license in India. 

• Go to the official website of RERA in your state

• Register as individual agent or business

• Pay the required license fee. It varies for each state and individual to business as well. In Maharashtra the real estate license fee is Rs. 10000 for individuals and Rs. 1 lakh in case of a business. 

• You will have to submit your documents - ITR for 3 years, copy of address proof, PAN Card, registration details in any other state.

The real estate agent license is granted in 30 days from the date of application usually.

It is mandatory as per RERA to register the real estate business or individuals to operate the business. 

I hope now you have an idea on how to get real estate broker license in India.

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