Despite the pivotal role they play in real estate, property brokers, so far, did not enjoy an honorable position in the real estate industry. But through a crucial amendment made by the central government, real estate agents have been included in the Central Advisory Committee and will be responsible for assisting the government in matters related to the real estate sector.
Thus, along with the builders and homebuyers, the cord that connects the two i.e., the real estate agent, will also be considered as a key stakeholder in the industry. The council will be formed under the new Real Estate Regulatory Bill and will only be operational after the enactment of the new bill. The position of the ex-officio chairman of the council will be given to the minister of Housing and Urban Poverty Alleviation. [Read more…]