MahaRERA Certification: A Step Towards Transparency in Real Estate
MahaRERA declares results of the 5th edition of Real Estate Agents examination, with 4,165 candidates clearing the test
MahareraReal Estate AgentsTrainingCertificationRera ActTransparencyAccountabilityReal Estate MaharashtraAug 05, 2024
The passing percentage for the fifth edition stands at 87%, with the previous four exams having passing percentages of 96%, 93%, 89%, and 86%. The latest batch of successful candidates includes 3,553 males, 612 females, 196 senior citizens, and 12 senior citizen women.
Sharad Mota from Mumbai and Divyesh Maheshwari from Pune have jointly topped the exam with 100% marks. With this latest batch, a total of 13,370 candidates have qualified to become real estate agents.
In Maharashtra, there are approximately 47,000 agents registered with MahaRERA. However, 13,785 agents have had their registrations cancelled due to non-renewal. Furthermore, over 20,000 agents have had their registrations suspended for failing to meet the mandatory requirements of training and certification.
In the real estate sector, agents play a crucial role in connecting homebuyers with developers. They provide initial information about projects to potential homebuyers, making it essential for them to be well-versed in the provisions of the RERA Act.
Agents are expected to have uniform, clear, and credible preliminary information about the developer, project, agreement for sale, allotment letter, carpet area, defect liability period, and more. Based on this information, a purchaser makes a decision to buy a certain residence or not.
To protect the interests of homebuyers, MahaRERA has made training and certification mandatory for real estate agents. This move aims to bring transparency and accountability to the sector.
MahaRERA's initiative is a significant step towards ensuring that real estate agents are equipped with the knowledge and skills necessary to provide accurate and reliable information to homebuyers.
\n\nAbout MahaRERA The Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016. The authority is responsible for regulating the real estate sector in Maharashtra, ensuring transparency, accountability, and fairness in all real estate transactions.
\n\n Maharashtra Real Estate Regulatory Authority (MahaRERA) is a government agency responsible for regulating the real estate sector in Maharashtra.
Frequently Asked Questions
What is MahaRERA?
MahaRERA is the Maharashtra Real Estate Regulatory Authority, a regulatory body established under the Real Estate (Regulation and Development) Act, 2016.
Why has MahaRERA made training and certification mandatory for real estate agents?
MahaRERA has made training and certification mandatory for real estate agents to ensure transparency, accountability, and fairness in all real estate transactions.
How many candidates have cleared the 5th edition of the Real Estate Agents examination?
4,165 candidates have cleared the 5th edition of the Real Estate Agents examination out of 4,769.
What is the passing percentage for the 5th edition of the Real Estate Agents examination?
The passing percentage for the 5th edition stands at 87%.
How many real estate agents are registered with MahaRERA?
There are approximately 47,000 agents registered with MahaRERA.
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