Why Are Realtors Aiming at Real Estate as a Top Franchise Business in India?

Real estate companies in India have currently been offering a wide variety of real estate business franchises to run. No wonder realtors are flocking to real estate as a top franchise business. After all this is the only form of enterprise that guarantees great returns on investment or ROI. Some of the best real estate business houses are the best franchises to help in the actual growth and development of the real estate sphere in India.

 

Here are a few reasons why realtors have been aiming at some of the top real estate companies as a top franchise business in India:

  • Most of these companies do not incur any royalty or advertising fees upon the owner of the brand in a certain area.
  • Some companies also have awesome infrastructure and well protected office territories.
  • They have ready to use and complete business building technologies that are apt solutions for business houses.
  • These real estate giants also offer new and relevant training to all the agents who will become future employees at the franchise centre; these might even include trainings for agents and managers.
  • By associating with an established brand one also gets to reap the benefits of positive customer feedback due to good customer satisfaction records in the past.
  • This business front is a great way to partner with the niche real estate companies in India. Such type of unspoilt business avenues is not present in any other business sector in India.
  • Agents and realtors get to set up innovative and large to small footprint office spaces that are apt places to conduct meetings with clients.
  • Most important of all, this is a rapidly expanding, 100% commission based model. So the client and realtor as well as the real estate company get to reap the benefits out of such an alliance.

The best part is that Indian realtors and beginners, who want to set up an office of their own instead of working under a property owner’s office, involve with renowned real estate brands. Such brands guarantee a highly productive network of dedicated personnel and immediate aid in case of necessities. One such real estate biggie is Remax.in; the company is nearly 90,000 agents strong and has over 6,300 offices spread over 90 countries. In India alone the company is present in 40+ Cities with more than 400 affiliates; all of this is occurring in over a 100 offices.

An association with established real estate companies by realtors who aim at real estate as a top franchise business in India today entitles to also win over a number of business front related advantages. First of all, they award several types if regional and broker office franchises. Some brands also recruit full-time, top-performing real estate agents and train them for superior performance. Besides through such associations, a realtor also joins a group of top-performing real estate agents within the recruiting business. So ultimately the realtor is at the gainer’s end. He or she not only becomes self-employed but also enjoys an accelerated career growth in the real estate business. 

Advertisements

Things to consider while establishing a Real Estate Business in India

Indian real estate industry has seen exponential growth over the last few years. It has covered a considerable distance and come a long way in becoming the second-largest employment-generating segment in India after agriculture. Traditionally an unorganized sector, it has slowly evolved into an organized one and is fast becoming a recipient of foreign investments; for, real estate business is witnessing a level of saturation in many developed nations and as a result, many global giants are looking for opportunities in developing countries such as India.

Because of its growing popularity, real estate practitioners are using their entrepreneurial zeal towards establishing their own brokerage firms. So, in order to work towards establishing a successful career, it’s essential to start with extensive research, expert planning and constant follow-up. Here are some useful tips to take note of.

Choosing the right business – One can start by owning an independent business but many choose to join a real estate franchise first in order to get the desired training and experience required to run a stand-alone business venture. Besides, working with an established brand name would only help establish more credibility with potential clients.
 
Creating a sound business plan – A business plan must list out the objectives and financial calculations in clear terms to avoid error of judgment later. An exceptional business proposal will also positively affect in getting decent funding from financial institutions.
 
Finding a suitable location – Locating strategic neighborhoods to open real estate business is a smart decision. It’s essential to know the markets that one wishes to cater to and accordingly select a suitable place which has an ease of accessibility for clients.
 
Funding the business – It is imperative to work out the capital at the very onset of developing a business plan. Any aspiring real estate entrepreneur will have to figure out whether he/she has enough financial resources at hand or will more funds be required. Banks definitely can be approached for loans, but the source of trusted family and friends should also be explored.
 
Designing a real estate website – Setting up of a professional real estate website is a key step in attracting clients. Not only will it help market your service/brand, but will also help attract more and more realty shoppers as their search often begins online.
 
Advertising – There are many advertising channels to choose from – newspapers, real estate publications, television, radio, and social mediums. This aids in providing good publicity to a business. In addition, services of a search-engine optimization company can also be used to boost the visibility of a real estate website on search engines.
 

In India, there are a few challenges that the real estate industry faces such as unclear land titles, low presence of industry status, insufficiency of sources of finance, dearth of labor, and difficult procedural processes, to name a few. In spite of this, the industry is warming up to professional standards and functional transparency of systems. As stated earlier, India’s real estate industry is growing at a practically high pace. Therefore, investors wanting to invest in India will benefit from higher returns as compared to any other global market. With this, the real estate industry will soon mature into a well-managed segment and entrepreneurial opportunities will only get bigger and better.

Things to consider while establishing a Real Estate Business in India

Indian real estate industry has seen exponential growth over the last few years. It has covered a considerable distance and come a long way in becoming the second-largest employment-generating segment in India after agriculture. Traditionally an unorganized sector, it has slowly evolved into an organized one and is fast becoming a recipient of foreign investments; for, real estate business is witnessing a level of saturation in many developed nations and as a result, many global giants are looking for opportunities in developing countries such as India.

Because of its growing popularity, real estate practitioners are using their entrepreneurial zeal towards establishing their own brokerage firms. So, in order to work towards establishing a successful career, it’s essential to start with extensive research, expert planning and constant follow-up. Here are some useful tips to take note of.

  1. Choosing the right business – One can start by owning an independent business but many choose to join a real estate franchise first in order to get the desired training and experience required to run a stand-alone business venture. Besides, working with an established brand name would only help establish more credibility with potential clients.
  1. Creating a sound business plan – A business plan must list out the objectives and financial calculations in clear terms to avoid error of judgment later. An exceptional business proposal will also positively affect in getting decent funding from financial institutions. 
  1. Finding a suitable location – Locating strategic neighbourhoods to open real estate business is a smart decision. It’s essential to know the markets that one wishes to cater to and accordingly select a suitable place which has an ease of accessibility for clients.
  1. Funding the business – It is imperative to work out the capital at the very onset of developing a business plan. Any aspiring real estate entrepreneur will have to figure out whether he/she has enough financial resources at hand or will more funds be required. Banks definitely can be approached for loans, but the source of trusted family and friends should also be explored.
  1. Designing a real estate website – Setting up of a professional real estate website is a key step in attracting clients. Not only will it help market your service/brand, but will also help attract more and more realty shoppers as their search often begins online.
  1. Advertising – There are many advertising channels to choose from – newspapers, real estate publications, television, radio, and social mediums. This aids in providing good publicity to a business. In addition, services of a search-engine optimization company can also be used to boost the visibility of a real estate website on search engines.

In India, there are a few challenges that the real estate industry faces such as unclear land titles, low presence of industry status, insufficiency of sources of finance, dearth of labour, and difficult procedural processes, to name a few. In spite of this, the industry is warming up to professional standards and functional transparency of systems. As stated earlier, India’s real estate industry is growing at a practically high pace. Therefore, investors wanting to invest in India will benefit from higher returns as compared to any other global market. With this, the real estate industry will soon mature into a well-managed segment and entrepreneurial opportunities will only get bigger and better.

RE/MAX R4- International Regional Owners Business Meeting @ Vegas

RE/MAX R4- International Regional Owners Business Meeting

RE/MAX India is the Largest Real Estate Brokerage Network

Award for Net Franchise Sales 2013

This is to congratulate RE/MAX India – Hyderabad for winning the Award for Net Franchise Sales 2013 at RE/MAX R4 – 40th Anniversary Celebration – Vegas

Real Estate: A Technology Trauma

Image

 

Yes you read it right! Technology is the all-pervading presence in our lives including our very own real estate. The nearest our industry has come to technology is: flashing smart-phones and no it’s not because you use the smart-phone as a smart-phone. It is but a status symbol. I guess I am being too harsh. For the slightly more tech-savvy listing on a few “popular” portals and subscribing to a hundred different groups is what they do!

Yes my friend you did use technology-EUREKA! The real question is what did you GAIN out of it? The answer probably left you with what I call “Technology Trauma.”  It affects those who don’t understand this mammoth thus don’t use it or use it but don’t get the gains.

 

There is a lot to technology but here we will cover a few common ones. We shall have more posts taking in each aspect in detail. The problems:

  • Property websites: Lack of MLS system makes it difficult to check if the property is genuine. www.remax.in follows the MLS system which most of the other portals did not do.
  • Google Broker Groups: Number of Broker Groups available without a proper filter system. At Remax India, there is a huge network of Brokers and that too in your city. It covers almost all of the major cities in India.
  • Popularity on Search engines: Huge number of property websites with few genuine hits on each. Again you have an advantage with www.remax.in which could be easily searched through various search engines like Google and Bing.

 

 

So how do we solve this problem?

Property websites: Identify key websites which work for you and bring in genuine enquiries, www.remax.in is an ideal. Look at the latest updates and follow selected members of the site.

Google broker groups: Analyze whether the group will serve any purpose. What do you wish to gain from the group. On joining a group for the next few days monitor the activity on the group and decide whether to actively follow it. Broker groups available on Remax India site without a lot of search.

Save time and don’t list on every website you come across. Spend that time actually following quality. “White noise” is a problem of too much information and we need to identify the right sources to give and take information.

Keep a lookout for our post on using technology to plug lead leaks!

 

 

Celebrations @ Remax India

You are invited to Celebrate 40 Years of RE/MAX, 4 Years of RE/MAX India, Annual Family day, Delhi NCR Affiliates meet, Race to Recruit and January B’Days and Anniversaries at RE/MAX India Head Quarters

Best Real Estate Consultancy Company – 2012

+RE/MAX India winner of “Best Real Estate Consultancy Company” Award for the year 2012 by Brands Academy at the NDTV Profit ASEAN-SAARC Real Estate Awards 

Best Real Estate Consultancy Company - 2012

RE/MAX is India’s Largest Real Estate Brokerage Network

Joining RE/MAX is a life altering decision. A decision that will change your life for good. You could become a Broker Associate, a Broker Owner or a Master Regional Franchise and become a premier member of the global Real Estate brokerage community.

BROKER ASSOCIATE • The backbone of the system and the face of RE/MAX in the market • He/she takes home the maximum major share of the profits and pays a nominal desk fee

BROKER OWNER: • Owns a Broker Office and incurs minimal operational cost • Recruits & Retains Broker Associates who form the sales team of the office • Charges desk fee from associates and also earns a substantial part of the commission • Earns profit on volumes: more the number of associates, more the profits

MASTER REGIONAL FRANCHISE: • RE/MAX has 37 regions in India • 22 are operational while 15 open for sale • A Regional Franchise owner also earns profits on volumes: more the number of Broker Offices and Broker Associates in his/her region, more the profits

LOOKING TO BUY/SELL A PROPERTY? BECOME A CUSTOMER If you are looking for a property in India, check it from Thousands of property listings on our website http://www.remax.in If you have a property to sell, you can get advised by our experienced brokers in your city. All you need to do is to search for a RE/MAX Agent near your locality from our website and contact him directly for your Real Estate needs.

RE/MAX – REAL ESTATE MAXIMUMS  Business with a difference. The unique RE/MAX organization structure is designed to make maximum profits reach those who deserve it the most. It is an inverted pyramid, in terms of money share, as opposed to a conventional pyramid of any business organization which essentially means that in a regular company 90% of the profits stay with the top brass whereas at RE/MAX it is exactly the opposite. Here, maximum income is retained at the Franchise-Broker level; only the balance 10% is passed on upwards in the hierarchy. It is the Broker Office and the agents working in it who will take home maximum commissions and profits.

* Type REMAX and send it to 53456 to join the India’s Largest Real Estate Brokerage Network.

Blog at WordPress.com.