Real estate agents register themselves under RERA to avoid stringent action
DSIJ Intelligence / 24 Jul 2017
A leading news daily reported that of the 12,000 real estate agents or brokers operating in Maharashtra, more than 4,300 have registered themselves under RERA and another 4,000 may be added soon.
After developers rushed to register their properties with RERA, it is the time for agents now.
These agents too will have to prove their honesty; in real estate dealings to avoid stringent action under the new real estate regulatory authority (RERA) regime.
A leading news daily reported that of the 12,000 real estate agents or brokers operating in Maharashtra, more than 4,300 have registered themselves under RERA and another 4,000 may be added soon.
The report further added that the agents who have refrained from registering may not be genuine and thrive by pushing home buyers to invest in inferior or flawed properties on consumers. In Maharashtra, it is estimated that around 4,000 agents engage in such activities.
Unlike developers, who have to register themselves and their projects with RERA by July 31, the realty agents do not have any time limit for registration. However, the conditions remain equally stringent for brokers.
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