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Maharashtra RERA Mandates Broker Fee Disclosure in Property Sale Agreements

Dated on: Saturday 9th November 2024

The Maharashtra Real Estate Regulatory Authority (RERA) has mandated that brokers' commission fees must be disclosed in property sale agreements. This new regulation requires real estate brokers to clearly mention their fees in the agreement, ensuring transparency in transactions. By making broker fees visible upfront, RERA aims to avoid disputes and hidden costs in property deals, benefiting both buyers and sellers. The rule seeks to promote greater accountability within the real estate sector and enhance the trust between all parties involved in a property transaction.

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