Question:

Real Estate Business in Japan?

I left Japan when I was 10 so I can hardly think of a good business except for one, which is my dad's business in real estate in Tokyo. He leases and subleases commercial properties he's been doing it for more than 20 years. so Im thinking about going for it since it's been proven to produce fix income.. but I want to hear from others... what can they say about doing business in Japan (particularly in Tokyo ?) any experience ??

Answer:

Real estate business in Japan is not booming at all because of subprime loans. Nor is there any bright future in this industry as population in Japan is deemed to decline in the future. Besides, you don't speak Japanese, do you? It's very difficult if you don't.
It is not that attractive job IMO. To own your real estate company, you gonna have to get a licentiate of real-estate transaction specialist (takuchi tatemono torihiki shuninsha) or hire a person who owns the licentiate. (If one person has the license, 4 more people can work at your company as a realtor, but only person who has the lisence can make rental agreement or agreement for sale by law) Having business (especially for rental apartments) can have more opportunities for you, but you will have to clear lots of things before you open your own business in Japan. Plus, if you are not fluent in Japanese it'll be super difficult either open your company or get hired by a company in here.... Every business is not easy. Being a realtor is kind of stressful because all clients demands more than they should. (better qualities with way less money)
The test consists of related law (civil law, law of dealing with real estate and others) and related matters of real estate of Japan. I've remembered to pass the examination had not always been easy. You need to be fluent in Japanese including kanji (Chinese character), first. Second you need to learn Japanese laws and real estate. I expect you will study hard.

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