Why Choose Real Estate School?

Chances are that you may be considering obtaining a job within the field of real estate. If this is the case, you are also probably interested in learning more about real estate school. Well, luckily, you have come to the right place. Here, we will take a much closer look at real estate school, as well as finding a school in your area to provide you with the real estate courses that you need.

You have wondered whether or not you really need real estate school. The most important thing for you to take into consideration is the fact that in order for you to become a real estate agent in any state, you are going to be required to take real estate training courses. This is where the importance of real estate school comes in. In order to take the classes that you are going to need in order to prepare yourself for the real estate licensing process and to meet your state’s schooling requirements, you will need to attend real estate school. All in all, in order to obtain a job in real estate, real estate school is something that will be required of you to attend, regardless of if you want to or not.

Finding a real estate school in your area is not hard, as long as you have a good idea of what it is that you are looking for. Sometimes you will find the courses that are needed in order to complete your state’s requirements for becoming a real estate agent at your local community college. More often, however, you will find an actual real estate school in your area which has these classes to offer you. Some real estate agencies actually have their own real estate school, in order to prepare you for becoming a real estate agent at their agency.

Another one of the things that you may be wondering about is what the cost of real estate school is. Well, this cost will vary according to several different factors. One of the main things that it will depend on is if you are planning on attending an actual real estate school or a community college. The average cost for real estate school classes is between two hundred and three hundred dollars, while the average cost for community college classes is between four hundred and five hundred dollars. While some people may find the cost of a particular real estate school attractive, chances are that you may want to decide to attend a community college, as they often may be more reputable. Of course, this is certainly not the case if you know that the real estate school which you have been thinking about attending has a very reputable name as well.

As you can see, there is much to know when it comes to real estate school. If this is something that you are thinking about yourself, chances are that you will probably want to give a lot of consideration to the real estate school which you are planning on choosing to attend.

Highlights of the Real Estate Bill 2013: Important Points and Their Implications

The Union Cabinet approved the Real Estate (Regulation and Development) Bill in June, 2013. While the popular notion is that this was a delayed step, the consensus remains that the bill will reform the realty sector.

The primary beneficiaries of this bill will be the consumers, who have so far dealt with corruption, land mafias, red tapism, and black money in the realty sector. The bill seeks to create a Real Estate Regulatory Authority and an Appellate Tribunal that will watch over the housing sector. This will introduce greater transparency in the sale of immovable properties and protect the consumer’s interests.

Let’s delve straight into the highlights of the Real Estate Bill 2013.

Applicability of the Bill

The applicability of the bill has been limited to the residential segment of the sector, that is, housing and any unit ancillary to housing. The bill defines the terms ‘real estate project’ and ‘apartment.’

It primarily looks at a real estate project as the development of a building or building comprising apartments. On the other hand, an apartment is looked at as a self-contained and separate part of any immovable property.

Standardization of Key Terms

Besides defining the two key terms, project and apartment, the bill standardizes the meanings of various other popular and important terms, namely carpet area, common areas, prospectus, advertisement, and so on.

After defining the carpet area, the bill mandates that only carpet area be used as a parameter while selling property across India. Until now, other parameters like built-up area and super built-up area were being used, resulting in unfair trade practices.

Establishment of a Regulatory Authority and Appellate Tribunal

A Real Estate Regulatory Authority will be set up for the regulation and enforcement of the sector. It will be an authority similar to Insurance Regulatory and Development Authority (IRDA) for insurance and Telecom Regulatory Authority of India (TRAI) for telecom. It can impose punishment like imprisonment up to 3 years on developers who violate the law.

A Real Estate Appellate Tribunal comprising a sitting or retired High Court judge as its head and a judicial and administrative/technical member will hear appeals from the directions of the authority and the adjudicating officer.

Registration and Duties of Real Estate Agents

Now, agents will need to be registered. They can facilitate the sale of only those units that are registered with the Real Estate Regulatory Authority. The agents must have clear documentation and provide allottees with the necessary documents they’re entitled to possess.

Statutory Clearances and Public Disclosure of a Project

Developers will need to acquire all statutory clearances from regulatory authorities before launching a project. The clearances would need to be submitted to the regulator and featured on a website before starting the construction.

The public disclosure of all the key details of the project is also made mandatory.