1. Submission of Quarterly Reports to RERA

• Reporting Transactions: Real estate agents may be required to submit a quarterly report to the State RERA Authority detailing the transactions they have facilitated during the period. This report generally includes information on the properties sold, the buyers involved, and the commission earned by the agent.
• Details to Include:
  • The number of transactions (sales, leases, etc.) carried out by the agent during the quarter.
  • The nature and location of the properties sold or leased.
  • The details of the clients involved (buyers and sellers), including their RERA registration details (if applicable).
  • Any issues faced or complaints raised by buyers or sellers during the transactions.
  • Commission received and details of how it was agreed upon, along with the fee structure for each transaction.

2. Maintaining Up-to-Date Project Listings

• Current Project Listings: Agents must ensure that they are working only with RERA-registered projects and must regularly update their project listings to reflect the current status of registered developments. If there are any new RERA-registered projects, these should be added to the agent's listings, and older projects should be removed or updated based on changes in the project's status.
• Accuracy of Information: The information in the listings should be up-to-date, accurate, and in compliance with the approved project plans, specifications, and legal approvals. This ensures transparency and helps prevent misleading marketing.

3. Renewal of Registration (if applicable)

• Renewing Registration: While registration with RERA is typically valid for five years, agents should be mindful of their registration renewal dates. If their registration is nearing expiry, they must ensure timely renewal of their registration with the respective State RERA authority.
• Ensuring Compliance for Renewal: To renew registration, agents must submit any necessary documents required by RERA, such as proof of continued compliance with RERA’s regulations, payment of fees, and any other updates required by the authority.

4. Updating Contact Information and Business Details

• Contact Details: Agents must ensure that their contact details, business address, and any other changes in the agent's status (e.g., change of ownership, office location, etc.) are updated with the respective RERA authority.
• Professional Updates: If the agent’s business undergoes any significant changes (such as addition of partners, mergers, or new business addresses), they must promptly inform RERA and submit the necessary supporting documentation.