How Real Estate Agents Can Build a Successful RERA-Compliant Business
How Real Estate Agents Can Build a Successful RERA-Compliant Business
1. Get Registered with RERA
Mandatory registration under RERA is a legal requirement for agents.
Obtain your RERA registration number for the state(s) you operate in.
Display your RERA registration details on all marketing materials.
2. Understand RERA Regulations Thoroughly
Familiarize yourself with key RERA provisions, such as:
Timelines for project completion.
Disclosures required by builders.
Buyer rights and remedies.
Keep updated on amendments or notifications.
3. Maintain Complete Transparency
Share accurate project information (approval status, timelines, pricing).
Avoid over-promising or making unverifiable claims.
Provide buyers access to RERA-registered project details.
4. Promote Only RERA-Registered Projects
Work exclusively with builders and projects registered under RERA.
This builds credibility and protects you and your clients from legal risks.
5. Ensure Proper Documentation
Always have written agreements that comply with RERA norms.
Keep copies of all communications and documents.
Document buyer consents, payments, and agreements carefully.
6. Educate Your Clients
Inform buyers about their rights under RERA.
Guide them on verifying builder credentials and project registration.
Help clients understand the legal protections and remedies available.
7. Deliver Ethical Service
Avoid black marketing or illegal practices.
Provide honest advice, even if it means referring clients elsewhere.
Build your reputation on trust and integrity.
8. Resolve Complaints Promptly
Be proactive in addressing buyer concerns.
Help mediate between buyers and builders if needed.
Keep communication clear and timely.
9. Use Technology
Leverage RERA portals to access project info, track registrations, and compliance.
Use digital tools for documentation, payments, and communication.
10. Build Strong Relationships
Network with reputed builders, legal advisors, and RERA authorities.
Develop long-term client relationships based on satisfaction and trust.
Summary Table: Key Steps for RERA Compliance for Agents
| Step | Action |
|---|---|
| Registration | Obtain RERA registration and display credentials |
| Know the Law | Stay updated on RERA rules and project disclosures |
| Transparency | Share accurate project info with buyers |
| Promote Registered Projects | Work only with RERA-registered projects |
| Proper Documentation | Maintain clear, written agreements |
| Client Education | Inform clients of rights and protections |
| Ethical Practice | Avoid malpractice and build trust |
| Complaint Resolution | Address buyer grievances promptly |
| Use Technology | Utilize RERA portals and digital tools |
| Relationship Building | Network with stakeholders and maintain client ties |
By focusing on compliance, transparency, and trust, real estate agents not only avoid legal troubles but also build a strong, reputable business that clients prefer. Do write to us if you need any further assistance.
RELATED Blog
0 comments