RERA Agent Registration Services
RERA (Real Estate Regulatory Authority) mandates real estate agents to register before facilitating property transactions in projects covered under the Real Estate Act of 2016. This ensures transparency and professionalism in real estate dealings. By obtaining RERA registration, agents can enhance trust, boost accountability, and elevate their credibility among buyers, investors, and developers.
What is RERA Agent Registration?
RERA Agent Registration is a legal obligation for real estate agents who want to facilitate property transactions in projects registered under the Real Estate (Regulation & Development) Act, 2016. This includes selling, purchasing, or advertising any real estate projects. The registration is required to maintain transparency and build trust between real estate agents and clients, protecting consumer rights in the process.
Client
Rajat Saxena
Service
RERA Agent Registration
Review
5 Stars
Who Needs RERA Agent Registration?
Benefits
Required Documents
Who Needs RERA Agent Registration?
Any individual or entity involved in brokering real estate deals, whether it’s for new or old properties, needs RERA registration. This includes:
- Real estate brokers
- Property dealers
- Middlemen connecting buyers and sellers
Agents must register under their respective state’s RERA authority. For example, in Maharashtra, agents must register with MahaRERA.
Benefits
- Legal Compliance: Agents must comply with regulations, avoiding heavy penalties.
- Enhanced Trust: Registered agents are seen as trustworthy, ensuring greater buyer and investor confidence.
- Increased Accountability: The agent becomes accountable for maintaining transparency in their operations.
- Credibility: Being registered as a RERA agent boosts the credibility of agents in the real estate market.
- Protection from Penalties: Unregistered agents can face fines up to ₹10,000 per day, with a maximum penalty of 5% of the property’s value.
Registration Validity and Renewal
The RERA Agent registration remains valid for five years unless revoked for misconduct or failure to comply with the rules. After this period, agents can apply for a renewal in Form-J, extending their certification for another five years.
Government Registration Fees
- Individuals: ₹10,600
- Non-individuals: ₹1,00,000
Required Documents
Documents Required for RERA Agent Registration
To complete the RERA registration process, agents must submit:
- PAN Card
- Aadhaar Card
- Passport-sized photograph
- Proof of address (electricity bill or rental agreement)
- Last 3 years of Income Tax Returns (ITRs)
- Bank statements
- Business letterheads and rubber stamps
- Professional indemnity insurance (optional)
Registration Process
- Document Collection and Verification: The agent submits the required documents for verification.
- Application Filing: Once verified, the registration application is filed online with the RERA authority.
- Challan Payment: After filing, the registration fee is paid via challan.
- Issuance of Certificate: Upon successful verification, the RERA certificate is issued in digital format.
Penalties for Non-compliance
Failure to register under RERA can result in severe penalties:
- A daily fine of ₹10,000, accumulating up to 5% of the property’s value for non-compliance.
- Misrepresentation or false advertising can lead to suspension or cancellation of the RERA registration.
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FAQs
What are the penalties for agents not adhering to RERA regulations?
Agents failing to comply with RERA rules can face fines up to ₹10,000 per day and up to 5% of the property’s value.
Can a RERA registration from one state be used in another state?
No. RERA registrations are state-specific. For example, a Maharashtra RERA registration does not allow you to operate in another state.
Can an agent sell properties without being listed under the promoter’s RERA registration?
No, the agent must be listed under the promoter’s registration for a specific project on the RERA website.
Do listing websites or advertising platforms need a RERA registration?
Yes, if they intend to facilitate real estate transactions, they must obtain a RERA agent license.
How long does the RERA registration process take?
The process usually takes 7–9 business days. Once the challan is paid, the agent receives their registration number immediately.
Do I need to visit the office to apply for RERA registration?
No, the entire process can be completed online, saving time and effort.
How do I get my RERA Agent Certificate?
The certificate is issued in a digital format after the application is approved and all requirements are met.