What Is The Role of NAR in Indian Real Estate Sector?

The associate real estate agents/brokers of The National Association of Realtors (NAR) are broadly known as realtors. It’s an independent organization that calibrates the interest of brokers and real estate agents and the consumers in concert. In the real estate industry realtors are those people who mediate the transaction process between the buyers and the builders. Apart from being a firm contributor to the development of country’s economy, real estate industry is active and passively involved with other industries, in that way it’s one of the largest employment generators of the country as well.

NAR-INDIA aims to establish world-class real estate brokerage service in India with better integrity, transparency, fair practice so that the realtors’ reputation in the industry stays perfect. To ensure the credibility of realtors NAR-India introduced an entrance level test for membership entitled as RE-MET. This test is mandatory for all the brokers and realtors who want to be associated with NAR. NAR membership is available for those who clear the RE-MET with a 50% aggregate.

The role of real estate agents has gone back and forth with emerging time. Realtors are the most important personnel in any real estate deal as they provide details of the construction, investment advice and most importantly negotiate the deal on behalf of the consumers. Now, a real estate agent is more than a guide to a consumer throughout a realty transaction. There are thousands of brokers operating in over 35 metro cities of the country. NAR-INDIA is an apex body which governs the brokerage practice with ethical measurements and global standard. Realtors with a NAR-India membership are authentic and professional service providers and also the market makers.

For real estate investors and individual property seekers real estate has been always a soaring industry. The demand for residential/commercial/land requirement has been attended, regulated, and served by thousands of professional NAR-India associated brokers/realtors. NAR-India aims to measure out a well-organized infrastructure in the real estate sector in order to meet the global standard. Consumer protection is the highest priority to a NAR-India professional member. Having a credible brand image in realty practice a NAR-India professional realtor will never indulge any overstatement or concealment regarding any property offerings or real estate transaction and won’t ever demand anything beyond the standard brokerage fee.

It is also a niche platform to connect with the government for future growth of the profession. The mission of NAR-India is to expand the international visibility of local business in the vicinity of multiple global listings. Every year NAR-India arranges their annual conventions in order to infuse global practice standard with more clarity, ethics and liability in the real estate practice of India.

“The real estate sector is moving towards retaining better transparency and accountability with the introduction of RERA and GST. The market is expected to become more consumer-driven by the next financial year. This year NAR-India has completed 10 years of its journey. It’s not merely about business networking. The organization is staying the course to bring an upgraded real estate education with technological immersion for best-ever industry performance,”-said Mr. Mahesh Somani, Head- East Zone, National Association of Realtors India (NAR).

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