Mandatory RERA Agent Renewal: A Comprehensive Guide
π Mandatory RERA Agent Renewal: A Comprehensive Guide
1. Who is a RERA Agent?
A RERA Agent is a person or entity registered with the Real Estate Regulatory Authority to facilitate buying, selling, or leasing of real estate projects registered under RERA.
2. Why Renewal is Mandatory?
RERA agent registration is valid for a fixed period (usually 5 years).
Renewal ensures that agents continue to comply with RERA rules, maintain professionalism, and update their credentials.
It helps the Authority maintain a trusted and accountable database of active agents.
3. When to Renew?
Renewal should be done before the expiry of the current registration.
The Authority typically sends reminder notices well in advance.
Late renewal might lead to penalties or suspension.
4. Renewal Process:
| Step | Description |
|---|---|
| 1 | Apply online through the RERA portal. |
| 2 | Fill renewal form with updated details. |
| 3 | Submit necessary documents, such as ID proof, updated address, etc. |
| 4 | Pay the renewal fee as prescribed by the Authority. |
| 5 | Verification by RERA officials. |
| 6 | Receive renewed registration certificate with new validity. |
5. Documents Usually Required:
Copy of existing RERA registration certificate.
Identity proof (Aadhaar, PAN, passport).
Address proof.
Passport size photographs.
Any other documents specified by the State RERA.
6. Consequences of Not Renewing:
Registration may be cancelled or suspended.
Agent loses the legal authority to operate under RERA.
May face fines or legal action for unregistered brokering.
Loss of credibility with buyers and developers.
7. Tips for Smooth Renewal:
Keep all documents ready and up to date.
Renew well before the expiry date.
Stay informed about any changes in fee structure or requirements.
Use the official RERA portal for secure submission.
Do write to us if you need any further assistance.
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