Starting a business as a real estate agent is a great option today. In this business, helping people in the process of selling, purchasing or renting property like land, flat, shop, plot, is your main task.
You work as a bridge between the client and the owner. You get a strong commission on every successful deal. It is not necessary to make a big investment to start this business.
It is mandatory to register under RERA (Real Estate Regulatory Authority) in this business. You can apply online from the RERA website with documents including Aadhaar card, PAN card, photo and address.
The cost of licensing varies according to the state. However, there is an approximately ₹ 5,000 to ₹ 25,000 registration fee.
Create your Visiting Card to make your name and service reach people. Apart from this, prepare a brochure and market the business on social media platforms like WhatsApp and Facebook. You can start this business from your home and start a business with a small office if needed.
When it comes to income, when you sell a flat or plot, there is an estimated 2% to 5% commission on sales amount. If you sell a plot in ₹ 30 lakh, you can get a commission from ₹ 60,000 to ₹ 1.5 lakh.
For rental property, one month is usually a monthly fare as a commission. If two or three deals are done properly, your monthly income can be ₹ 80,000 to ₹ 1.5 lakh.
The best way to bring a client is if any, networking and online marketing. Share videos like Reels and Property Tour on Facebook, Instagram and WhatsApp.
Keep in information on new flats or land in WhatsApp status. Advertise on sites like OLX, MagicBricks, 99ACRES. Type with builders so they give you a lead.
Collect all property information at the time of dealing and explain to the customer simply. Take them for site visits and show as many options as possible according to their budget. Once the deal is finalized, arrange the correct for agreement/documentation and then get your commission.
No special equipment is needed for this business. A good smartphone, internet connection and maximum client data is the main weapon. The more your work is, the more your earnings will be. This business can also be run at home and if you work properly, you can make a good profit.
If you are new in this field, don’t hurry initially. Be patient and understand what is the first real estate market. Run with old agents, work with them, and start learning about small project information.
