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Under section 9 of Real Estate (Regulation and Development) Act, 2016
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, as the case may be, 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.
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Benefits of RERA Agent Registration
Increased trust
Brings accountability
More professional & RERA Compliant
Documents Required for RERA Agent Registration
KYC of Director/Partner/Proprietor with photograph
Registered address proof
Copies of ITRs of last 3 years
Copy of Letterhead & Invoice
Contact Details
Points to be noted for RERA Agent Registration
Registration for real estate Agent shall be valid for 5 years until it is revoked.
If agent fails to register and contravenes the provisions of the Act then penalty of ten thousand rupees for every day during which such default continues, which may cumulatively extend up to five per cent of the cost of plot, apartment or buildings as the case may be.
FAQ for RERA Agent Registration
Q. Is this registration transferable to another agent or to other state where agents intend to shift his office ?
No such provision is available for transfer of registration
Q. Can the agent still be responsible and liable for builder’s default ?
The agent's liability is in accordance with Section 10 of the Act. He is not held liable for the promoter's default.
Q. Will RERA protect Agents for their commissions not paid by builder or by other parties ?
No, these will be guided by the agreements that real estate agents have with the concerned promoters or allottees.
Q. Is Agent authorized to sign on behalf of his promoter / builder?
No, Agent is not empowered with such rights
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