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Experienced broker with over 25 years in the real estate industry.

Strong commitment to client satisfaction and personalized service.

Comprehensive marketing strategies that enhance property visibility.

Limited geographic focus primarily on the Palos Verdes area.

Potentially higher commission rates compared to discount brokers.

May not cater to clients looking for budget-friendly or lower-end properties.

Norma broker Accounts

Norma Account Type

Norma offers a range of account types designed to cater to the diverse needs of its clients. The primary account types include:

Norma Account: This account allows for seamless banking transactions, including free money transfers. Clients can manage pre-accounting transactions and account activities all in one platform. Additionally, it provides access to financial advisory services and immediate customer support.
NRE Account: A Non-Resident External account where both the principal and interest are freely repatriable. This account is ideal for NRIs looking to manage their income earned outside India.
NRO Account: A Non-Resident Ordinary account that allows for the repatriation of the principal and interest up to USD 1 million per financial year. This account is suitable for NRIs who wish to manage their income earned in India.
Trading Accounts: Clients can open trading accounts associated with NRE or NRO accounts to invest in the Indian secondary market, subject to RBI approval.

Opening a broker account with Norma involves several straightforward steps:

Choose the Right Account: Decide whether you need a Norma, NRE, or NRO account based on your financial needs and residency status.
Open a Bank Account: Visit a designated bank branch approved by RBI to open your NRE or NRO account.
Obtain RBI Approval: After opening your NRE/NRO account, apply for general approval from the RBI to invest in the Indian stock market through your bank.
Get PIS Permission: Once you receive approval, you will obtain a Portfolio Investment Scheme (PIS) permission letter, allowing you to invest in the secondary market through a registered stock broker.
Open Trading/Demat Account: With the PIS permission letter, open a trading account with any registered stock broker and a demat account with a depository participant.
Funding Your Account: Transfer funds into your trading account to start investing. Ensure you specify whether you want to map your NRE PIS or NRO PIS account to your trading account.