RICS, NAR collaborate to train real estate brokers for better environment

NEW DELHI: Global body for standards in built environment RICS and industry body for real estate agents National Association of Realtors (India) have joined hands to launch a co-branded management development program (MDP) for brokers with over three years of experience.

The program will be for short duration of one week, where RICS School of Built Environment will offer an executive management program called 'Essentials of Real estate sales and marketing' for mid-level managers.

Sachin Sandhir, global managing director, emerging business, RICS said, "The courses that we will offer will train real estate brokers in marketing principles, sales forecasting, negotiation and sales closure. We see this training as one more towards professionalizing the real estate industry."

RICS will also work with NAR to promote standards for uniform property measurements (IPMS), brokerage and ethical standards in the real estate industry.

Sam Chopra, president, National Association of Realtors-India (NAR-India) said, "The partnership between RICS and NAR-India highlights the need for adequate training in a variety of disciplines and emphasizes the need for ongoing training and development."

RICS recently also collaborated with builders body CREDAI to jointly work towards capacity building and skills development in the Indian real estate sector.