Registration of Real Estate Agents under RERA Act
π’ Registration of Real Estate Agents under RERA
The Real Estate (Regulation and Development) Act, 2016 (RERA) mandates that real estate agents must register themselves with the State Real Estate Regulatory Authority before they can operate legally in the real estate market.
π Who is a Real Estate Agent as per RERA?
A person who negotiates or arranges for the sale or purchase of any plot, apartment, or building.
Includes individuals, firms, or companies involved in marketing, brokering, or facilitating real estate transactions.
π Key Requirements for Registration
Real estate agents must apply for registration within 3 months of the commencement of the RERA Act (or as specified by the state).
No person can act as a real estate agent without registration under RERA.
The registration is valid for 5 years and can be renewed.
π Documents Required for Registration
Typical documents required include:
Application form (as per the state RERA authority format).
Identity proof (Aadhaar card, PAN card, passport, etc.).
Address proof of the agent or firm.
Proof of business existence (partnership deed, incorporation certificate, etc., if applicable).
Details of directors/partners (if a company or firm).
Bank details for financial transactions.
Any other documents as required by the state RERA rules.
π οΈ Registration Process
| Step | Description |
|---|---|
| 1 | Submit online application on the respective State RERA portal with required documents. |
| 2 | Pay the prescribed registration fee (varies by state). |
| 3 | The RERA Authority reviews the application for completeness and authenticity. |
| 4 | Registration is granted within a stipulated period (usually 30 days), or rejected with reasons. |
| 5 | Upon registration, a registration number is issued. |
| 6 | The agent must display this registration number on all advertisements, agreements, and documents. |
β οΈ Consequences of Non-Registration
Real estate agents operating without registration are liable to penalties, which may include fines.
The Act empowers RERA Authorities to cancel or suspend registration in case of misconduct.
Unregistered agents cannot legally facilitate sale/purchase of property.
β Benefits of Registration
Legitimizes the agentβs business and builds trust with buyers and sellers.
Enhances transparency and accountability in property dealings.
Enables buyers to file complaints against registered agents in case of fraud or misrepresentation.
Ensures compliance with the Code of Conduct prescribed under RERA.
π Summary Table
| Aspect | Details |
|---|---|
| Who must register? | All real estate agents facilitating property transactions |
| Registration validity | 5 years, renewable |
| Documents needed | ID proof, address proof, business proof, etc. |
| Process | Online application, fee payment, verification, registration number issuance |
| Penalties for non-registration | Fines and legal action |
| Post-registration compliance | Display registration number, follow RERA Code of Conduct |
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