Rera Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Delhi
Uttar Pradesh
Haryana
Gujarat
Bihar
Real Estate agent Renewal in
goa
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Overview
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 Renewal 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.
Documents Required for Renewal
Pan Card of real estate agent /partners
Aadhar card of real estate agent /partners
Photograph of real estate agent /partners
Registration proof (Partnership Deed or COI in case of Company)
Business Pan card (in case of partnership & company)
Particulars of registration including the bye-laws, memorandum of association, articles of association etc
RERA Government Fees
| Particulars | Govt. Fees(in Rs.) |
|---|---|
| RERA Registration Govt Fees for Individual | 10,000 |
| RERA Registration Govt Fees for other than Individual | 1,00,000 |
Timeline for RERA Renewal
As per the act, the RERA certificate will be issued in 30 days by the RERA department. However, in some cases, it may come earlier or with some delay.
FAQ's on RERA Renewal
Ques 1: Does the term allottee include secondary sales?
Ans: As per section 2(d) an allottee includes a person who acquires the said apartment / plot through transfer or sale, but does not include a person to whom such plot, apartment is given on rent.
Ques 2: Is open parking areas a part of common areas?
Ans: Section 2(n) defines common areas to include open parking areas, thus open parking areas cannot be sold to the allottees.
Ques 3: What is the definition of garage and can it be sold by the promoter independent of an apartment?
Ans: Section 2(y) defines the term garage, which can be sold to the allottee independent of the apartment.
Acts & Rules in goa
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