Agent Registration
Why Required RERA
Real estate agents are the heart of real estate industry . They are the mediators facilitating transactions between builder and buyer . With RERA, that will soon come into force, all brokers will have to be mandatorily registered with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be quoted in every transaction facilitated by him.
Real estate agents will also be penalized if they will falsely represent any information regarding project to buyers. Penalty will extend upto Rs 10,000 per day and maximum 5% of total project cost. Real estate agent is also required to keep books of accounts of the projects they are indulged in and are answerable for them.
What is RERA broker registration ?
All brokers will have to compulsorily registered with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be renewed thereafter .
If any real estate fails to register , they will be liable for penalty.
What is included in our package?
Drafting Application
Filing Application
Scrutiny Resolve
Certificate Generation
RERA Consultation
RERA Marketing Support
RERA Registration Process
Benefits of RERA
Accountability
Increased Confidence
Increase Professionalism
Standarization
Boost Investments
Consumer Forums
Reduction in Litigation
Tranparency
Timely delivery of projects
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