What is Real Estate?
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature;
an interest vested in this item of real property, buildings, or housing in general.
Real Estate license in Uganda
How do I get a Real Estate license in Uganda?
Complete the education requirements minimum requirements. The state commissioner or division sets a minimum level of education course for the applicant as a measure of dropping of the unqualified and non-experienced personnel.
Complete your real estate training. A set of criteria for training new applicants in the field of real estate. The commissioner may require you to train with a well-established Real estate agency to help the applicant gain experience.
Apply for the real estate license exam. As an applicant to the Real Estate business, you are required by the commissioner to sit Real Estate Agent exams that will test your capability and provision of a full-year license. This exam is normally coordinated by AREA-U annually.
Pass your state licensing exam. After passing the licensing exam, By ensuring that you’re adequately prepared for the exam, your chances of passing are much higher than if you guessed your way through the test. Completion of the tests, apply for the license from the commissioner of the state.
Finding a real estate brokerage agency. Joining the big agencies and being hired to work for brokers will increase your experience. Normally first-time entrants will be given easier tasks to learn on the job as to acquire expertise in well-organized organizations, they are paid.
Register with Area-Uganda. If possible as a new agent, try to join Area-Uganda where the training and registration of agents take place. This provides you with a ton of networking and business opportunities.
Renew your license annually. Do not forget to renew your license. An expired license commissioned by the commissioner could lead matters to escalate to the Tribunal.
How much does a real estate agent make in Uganda?
The salary range for the majority of workers in Real estate agents and property managers – is from USh498,849 to USh2,610,749 per month.
How long does it take to get a real estate license in Uganda?
12 weeks. The division commissioner of the state you apply for the license is offered a time frame of 12 weeks to have responded feedback to the applicant.
The application can either be a success or rejected the application in 6 weeks.
Where can I apply for a real estate license in Uganda?
If you are interested in becoming a real estate broker, or even if you already are one but want to
learn more, you can visit the AREA-U office at Jumbo Plaza, Ground floor, Plot 2, Parliamentary Avenue. Kampala.