In this article, we will explore how some real estate companies are attracting agents. Who doesn’t want rewards? Shree Lakshmi Agro Farms and Projects has announced that it will give a Swift car as a gift if the agent makes 10 customers pay a down payment of Rs 2 lakh. If the agent gets 30 people to pay Rs 5 lakh in advance, that person will buy an buy an Innova Crista, a Fortuner if 50 people pay Rs 7.5 lakh, and a BMW if 100 people pay Rs 10 lakh in advance. And, seeing big gifts at this level, will the youth not work with redoubled enthusiasm? Some agents encourage their friends and relatives to invest in these schemes. However, the real problem starts only if the respective venture does not start even after two or three years. It is then that real estate agents will see nightmares.
There is only one thing that the youth who have decided to pursue real estate should think about. Try to sell RERA-approved projects or ventures. Although the payment might be a little less, the project is guaranteed with no stress. You don’t have to worry about any problems with it. The TS RERA authority will take the responsibility and deliver it to people. If agents expect high commissions when investing in pre-launches or farm lands, then they have to face problems. An agent of Bhuvanteza did not even get his commission for the bookings; in fact, he made a booking by paying Rs 2 lakh and got cheated in return. So, doing business with fraudulent real estate companies might seem daunting at first, but as time passes, they will have to face many problems, which should be kept in mind.
