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REGULATION OF REAL ESTATE PRACTICE IN UGANDA: WHAT DOES THE LAW SAY?. The regulation of real estate practice in Uganda is currently in a transitional phase, with several key stakeholders and associations working towards establishing a more organized and professional framework for the industry. The effort is driven by the need to enhance professionalism, protect practitioners, and provide better services to clients. This blog therfore provides an overview of the vibrant discussions among key real estate practitioners on various platforms regarding this topic. Key Stakeholders.1. Surveyors Registration Board (SRB): The SRB is currently at the forefront of these registration efforts. The board is responsible for registering land agents, who are currently classified under surveyors according to the Surveyors Registration Act (SRA).2. Association of Real Estate Agents Uganda (AREA Uganda): AREA Uganda is a professional association that advocates for the interests of real estate agents. It has been instrumental in pushing for regulatory changes and has collabo
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THINGS DID NOT GO ACCORDING TO PLAN, SIMPLY BECAUSE THERE WAS NO PLAN AT ALL. In real estate, achieving success is often a combination of timing, skill, and, most importantly, planning. Many real estate professionals, especially newcomers, can find themselves overwhelmed by the sheer pace of this industry and its demands. Yet, one of the most common pitfalls in real estate is a lack of planning, which can lead to frustration, missed opportunities, and avoidable mistakes. This blog explores why having a plan is essential in real estate and how setting clear, actionable goals can turn a chaotic journey into a strategic path toward success.Why Planning is a Non-Negotiable in Real Estate.Real estate is dynamic, requiring agents, brokers, investors, and property managers to juggle multiple tasks, prospecting clients, managing listings, marketing, negotiating deals, handling legalities, and more. Without a plan in place, these tasks can quickly become overwhelming, leading to poor decision-making and inefficient processes. Imagine navigating a complex market without a
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THE DIFFERENT LAND TYPES IN UGANDA'S REAL ESTATE INDUSTRY
Real Estate Database (RED) is a comprehensive database that includes different land types or categories. These categories are essential for classifying land for various purposes and determining its value. In this article, we will discuss the different land categories in the Real Estate Database (RED) and their significance.
Residential Land: Residential land refers to land that is suitable for building homes or residential buildings. This category includes lands that are zoned for single-family homes, multi-family dwellings, townhouses, and apartments. Residential land is the most common type of land in the Real Estate Database (RED), and it is usually located in urban and suburban areas.
Agricultural Land: Agricultural land is land that is primarily used for farming or agricultural purposes. This land category includes lands that are used for growing crops, raising livestock, or other agricultural activities. Agricultural land can be found in both rural and urban are
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WITH TOO MANY AGENTS SELLING THE SAME PROPERTIES, HOW DO YOU NAVIGATE A SELLER'S MARKET. In a seller's market, where demand for properties in a specific location exceeds supply, multiple agents may represent the same property in hopes of securing a commission. While this may seem like a win for the seller, it can lead to confusion and frustration for potential buyers who are inundated with offers and approached by multiple agents.
In this blog, Let's explore the challenges that arise when too many agents are marketing the same properties in a seller's market, and also offer insights into how buyers and sellers can navigate this complex real estate landscape.
A seller's market occurs when there is high demand for properties but a limited supply available for sale. This situation is particularly prevalent in certain areas of Kampala, such as the upscale neighborhoods of Kololo, Naguru, Nakasero, Ntinda and lower level neighborhoods including most parts of western Kampala (Rubaga division).
In these areas, there are few listings available for sale,
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BECOME A GLOBAL REAL ESTATE PROFESSIONAL, CIPS AND ABR TRAINING AT FAIRWAY HOTEL, KAMPALA. Are you looking to elevate your real estate career and expand your expertise on a global scale? Look no further! The Certified International Property Specialist (CIPS) course and the Accredited Buyer's Representative (ABR) designation training are coming to Fairway Hotel Kampala from July 18th to July 26th, 2024.
This comprehensive training program will equip you with the skills and knowledge needed to become a professional Buyer's Agent and a globally recognized real estate professional. Training Schedule and Details.
Certified International Property Specialist (CIPS) Course.- Dates: July 22nd - 26th, 2024.- Time: 8 AM.- Fee: $300.
Accredited Buyer's Representative (ABR) Training.- Dates: July 18th - 19th, 2024.- Time: 8 AM.- Fee: $300. Venue.
- Fairway Hotel Kampala. Why Attend?
Certified International Property Specialist (CIPS) Course.The CIPS designation is the premier global real estate credential. This course provides you with the knowledge and tool
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NAVIGATING THE REAL ESTATE JUNGLE AND ITS LAWS OF SUCCESS. Embarking on a journey in the real estate business is akin to navigating a dense and challenging business jungle. Vanda Martin, a real estate coach, in one of her online videos vividly recalls her early struggles of being a businessperson and salesperson in a competitive field of real estate.
It was during those challenging times that a wise mentor shared a valuable piece of advice with her on how to succeed in the jungle of real estate, one must understand and adhere to the laws governing it. These laws and principles serve as the foundation for a thriving business, and deviating from them can lead to unfavorable consequences.Law 1: Your Success is Proportional to Your Skills and Strategy.One of the fundamental laws of the real estate jungle is that your success is directly proportional to your level of skills and the strategy you employ. In this dynamic industry, adapting and constantly enhancing your skill set is crucial. Are you proficient in converting buyers and sellers?
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A REAL ESTATE WEBSITE IS NOT AN EXPENSE, ITS AN INVESTMENT. An online presence has become more crucial than ever in the rapidly evolving landscape of real estate. As technology continues to reshape the way we conduct business, real estate professionals are increasingly recognizing the value of having a dedicated website.
That's why many real estate agents in Uganda have already joined the Real Estate Database (RED) and received a website as part of the subscription package. If you're looking to join the RED and get your own website, contact Julius Czar right now for details on how to do so.
Contrary to viewing it as a mere expense, a real estate website should be seen as a strategic investment that can yield substantial returns in the long run. In this blog, we'll explore the reasons behind the assertion that a real estate website is not an expense but an investment.1. Enhanced Visibility and ReachIn the digital age, potential buyers and tenants turn to the internet as their first resource when searching for properties. A real
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THE WORKPLACE LIES WE TELL OURSELVES We often find ourselves telling small lies to justify our actions or delay tasks. These seemingly harmless deceptions, can accumulate and undermine our productivity. However, recognizing the following common lies and understanding their consequences is the first step towards breaking free from these habits and improving our efficiency.
A new notebook will solve all my problems.
The allure of a fresh start is tempting, and a new notebook feels like the perfect solution to stay organized and productive. However, after the initial excitement fades, you find yourself transferring all the unfinished tasks and unproductive habits from the old notebook to the new one. Before long, the crisp, clean pages are cluttered with the same chaotic to-do lists, incomplete notes, and unaddressed priorities, proving that it's not the notebook, but your approach that needs changing. What you actually need at this point is a simple to use CRM or task manager called Task Database which you can find online
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PROPERTY LISTINGS SYNDICATION IN UGANDA Property syndication has emerged as a powerful tool in the dynamic world of real estate where staying ahead of the competition requires innovative strategies that leverage the latest technologies, and one platform that stands out in this realm is the Real Estate Database (RED). In this blog, we'll explore what property syndication is, how it can be used effectively, and why syndicating listings with the RED is a game-changer for real estate professionals.Understanding Property Syndication.Property syndication is the process of sharing real estate listings across multiple platforms to increase visibility and attract a broader audience. It involves disseminating property information, such as details and images, to various websites like; www.Lamudi.co.ug www.Realtor.ug or www.RealEstateDatabase.net, allowing a wider pool of potential buyers to discover your listings.Utilizing Listings Syndication with the RED.The RED, with its robust audience and high traffic rates, provides an excellent
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