Real Estate agents mean a person, who negotiates/facilitates in a sale purchase transaction of plot, apartment or building in a real estate project on fees basis for his services whether as commission or otherwise and includes property dealers, brokers, middlemen etc.
Real estate agent plays a vital role for the robust development of Real Estate Industry. RERA agent works as the bridge for filling the gap in between the allottee and Developers.
The real estate agent shall provide necessary support to able the homebuyer and developers to exercise their respective rights and fulfill their respective obligations at the time of booking and sale of flat.
On commencement of RERA Act, 2016, every agent, broker, dealer and mediator or whatsoever name called is required to get registered themselves as Real Estate Agent with RERA.
In present scenario, No agent provide facilitate services in the sale purchase transaction of plot, flat, apartment and building without having a valid registration number issued by REREA Authority.
Working as the real estate agent without having a valid RERA registration number is illegal and punishable in the eyes of law. Such real estate agent shall be liable to a 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 unit
This RERA agent registration is valid for 10 (Ten) years. Once you are registered as RERA agent with RERA Authority, your registration details shall be published on UP RERA Portal.
Renewal: - The RERA registration issued under section 9, may be renewed on an application made by the real estate agent in Form ‘J’ which shall not be less than three months prior to the expiry of the registration granted and such renewal shall be valid for a period five year.
Every agent is required to make an online application to the Authority as per Form ‘G’ for agent registration along with the following documents, namely:-
After submission of application and payment of RERA registration fees, the authority shall grant a registration certificate with a registration number as per Form ‘H’ to the real estate agent.
Every real estate agent is mandated to make an application to the state Real Estate Regulatory Authority, for registration, along with the fee and documentation that is prescribed
Yes. UP RERA Registration is completely online and no need to visit RERA office
Yes, as per section 9(5) of the RERA Act, 2016, every real estate agent is required to quote his RERA registration number in every sale which is facilitated by him
No real estate agent shall facilitate the sale or purchase transaction 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 without obtaining registration under this section.
Every agent is required to make an online application to the Authority as per Form ‘G’ for agent registration along with required documents like Pan Card, Aadhar Card, Mobile No, email id, office address, entity name and address proof etc.
Following documents and information needed for RERA Agent registration
Every real estate agent shall;
For fresh registration is valid for 10 years and in the case of renewal, it is valid for five years
A 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 unit
RERA Authority revokes the registration no if real estate agent commits breach of any of the conditions thereof or any other terms and conditions specified under this Act.
RERA360.com is a consulting firm whose constant endeavor is to craft a pre-eminent professional practice providing high quality services and integrating value added knowledge, for its people, clients and society as a whole.
Copyright © RERA360
