Property Dealer

Aliases: Estate Broker, Estate Dealer

Industry/Sector(s): Real Estate

JOB DESCRIPTION ¹

The tasks a Property Dealer is expected to perform include:

Advising and assisting clients on settlement of the deal regarding the purchase, sale and lease of real estate
Contacting the intending sellers of the property
Obtaining the details of property to be sold or purchased
Estimating the value of the property and finding out the prevailing rates in the locality
Obtaining mortgage and tax details from the concerned authorities
Taking buyers to the site and showing him/her the estate available for sale
Negotiating between buyers and sellers, and helping them reach an agreeable closure of the deal
Collecting money from the buyer and handing it over to the seller
Facilitating required legal documentation related to the estate
Attending to business correspondence, and advertising property for purchase, sale or lease

WORK ENVIRONMENT ^{1, 2}

It is a field job
Need to handle a team
Local travelling is a part of this job role
Part-time work and contractual jobs are available
Work from home option is not available

Working hours

Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
Shift system may be available
Overtime may be required
Being self-employed is also an option. In this case, work timing and days will be flexible

Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Leg (OL), People with One Arm (OA), Low Vision (OL) and those who have their Hearing Impaired (HH)

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING ⁴

Preferably, graduate

KEY COMPETENCIES ¹

Detailed knowledge of the real estate sector
Working knowledge of the documentation involved
Efficiency in analysing and scrutinizing prevailing pricing in the real estate market
Detailed knowledge of the factors affecting the price fluctuation
Ability to advise client as per their budget and requirement
Well-versed with selling and marketing techniques
Proficiency in effective networking

DESIRABLE COMPETENCIES ¹

Good negotiation skills
Good communication skills
Good interpersonal skills

AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES

Colleges across India

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS

For scholarship and schemes, use further links like:

https://scholarships.gov.in/

SAMPLE OF TRAINING AND LEARNING COURSES

http://www.ricssbe.org/programs/bba-in-real-estate-and-urban-infrastructure

CAREER PROGRESSION PATH ³

Estate Sub-Agent → House Agent → Property Dealer → Property Manager → Managing Director

The progression is indicative

EXPECTED EARNINGS ⁴

For candidates with experience – Rs 30,000 to Rs 50,000 per month

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE ⁴

Generally, 1-5 years of experience is required

PROBABLE EMPLOYERS ⁴

Construction organizations
Real estate consulting services
Real estate developers
Housing organizations
Sellers/buyers of a property
Self-employed

KEYWORDS

Real Estate Dealer
Estate Broker
Property Broker
Property Dealer

OCCUPATIONAL CODES AND STANDARDS

Standard	Code	Description
NCO 2015	3334.0100	Property Dealer
ISCO 2008	3334	Real Estate Agents and Property Managers
NIC 2008	68200	Real estate activities on a fee or contract basis
QP Reference	Not available	Not available
NSQF	Not available	Not available

REFERENCES

1	http://dget.nic.in/upload/uploadfiles/files/publication/Des-Div-3.pdf
2	www.shine.com www.timesjob.com www.naukri.com
3	www.payscale.com
4	https://socialjustice.gov.in/
5	http://www.kpmg.com/IN/en/IssuesAndInsights/ArticlesPublications/Documents/Indian-real-estate-Opening-doors.pdf
6	http://www.realtor.com/advice/whats-difference-real-estate-salesperson-broker http://businesstoday.intoday.in/story/home-buying-with-new-breed-of-brokers/1/185131.html
7	http://www.bia.gov/cs/groups/xraca/documents/text/idc-041000.pdf

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