To achieve the fair practice in dealing with properties, RERA regulations have prescribed certain compliances for Real Estate Agent to moderate the transactions in real estate properties. As per RERA Act, No real estate agent shall facilitate

  • The sale or purchase of or
  • Act on behalf of any person to facilitate the sale or purchase of any plot, apartment or building,
  • In a real estate project or part of it, being the part of the real estate project registered under section 3,
  • Being sold by the promoter in any planning area,
  • Without obtaining registration under this section.

As required by RERA Act, Every State RERA has prescribed its own RERA Rules which prescribe about RERA registration Fees, RERA Registration form and RERA registration process. Apart from Registration, there are other compliances:

– To ensure that the property which requires RERA registration has been registered with respective State RERA

– To ensure all the papers/information required in the deal has been given to allottee

– Don’t provide any false promise or misleading commitment

– Don’t involve in any kind of mal-practice

Failure to get RERA registration would attract a penalty of Rs. 10,000/- per day during the period of default. For another kind of violation, there are provision for revocation of RERA registration and imprisonment.

  Click here to submit your query

State-wise RERA Registration Fees

RERA Registration Form for Agents

 

 

 

Get your first FREE consultation today

GET STARTED

Latest Blogs

Our Latest Blogs

UP-RERA takes over Unnati Fortune’s deregistered Aryana Project
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test One of the first projects to be deregistered by UP-RERA and the subsequent proceedings will decide how well RERA will...
Impact of RERA so FAR
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test RERA, has taken cognizance of the multiple ways by which consumers have been cheated in the past, and provided for...
Critical Analysis of RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test The act was introduced to curb the mal-practices and the abuses caused to the customer. The act intends to protect...
A new tool in the hands of RERA Authorities
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test The RERA Act empowers the Regulatory authority to call for information or conduct investigations. These investigations have been mainly in...
Brief Introduction to RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test Over the course of the last two years, RERA has come up and grown as an effective weapon for consumers...