MahaRERA Certifies 4,165 Real Estate Agents in 5th Edition Exam
MahaRERA declares results of 5th edition Real Estate Agents exam, with 87% pass percentage
MahareraReal Estate AgentsRera ActMaharashtra Real Estate Regulatory AuthorityReal Estate SectorReal EstateAug 05, 2024
Out of the 4,769 candidates who appeared for the exam, 4,165 have cleared the test, achieving a pass percentage of 87%. This is a slight drop from the passing percentages of the previous four exams, which were 96% (1st), 93% (2nd), 89% (3rd), and 86% (4th).
Of the 4,165 successful candidates, 3,553 are males, 612 are females, 196 are senior citizens, and 12 are senior citizen women. Sharad Mota from Mumbai and Divyesh Maheshwari from Pune have jointly secured the top rank with 100% marks.
With this latest batch, a total of 13,370 candidates have qualified to become real estate agents, including 4,165 from the latest batch, 405 from the maiden examination, 2,812 from the 2nd round, 4,461 from the 3rd lot, and 1,527 from the 4th edition.
In a significant move, MahaRERA has made it mandatory for new real estate agents, as well as for renewals, to undergo training and get certified. This decision was announced through an order on January 10, 2023.
Moreover, MahaRERA has taken strict action against agents who failed to meet the mandatory requirements. As of April-end, the authority had suspended the registration of over 20,000 agents who failed to complete the necessary training and certification by December 31, 2023.
In the real estate sector, agents play a crucial role in connecting homebuyers with developers. They provide preliminary information about projects to potential homebuyers, making them a vital link in the transaction process.
To ensure that agents are well-versed in the provisions of the RERA Act, MahaRERA has made training and certification compulsory. Agents are expected to provide accurate and reliable information about developers, projects, agreements, and other vital aspects, enabling homebuyers to make informed decisions.
MahaRERA's efforts to regulate the real estate sector and protect homebuyers' interests are commendable. With the certification of 4,165 new agents, the authority is moving closer to its goal of ensuring a transparent and trustworthy real estate market in Maharashtra.
Information
MahaRERA was established under the Real Estate (Regulation and Development) Act, 2016, to regulate the real estate sector in Maharashtra. The authority is responsible for registering real estate projects, agents, and promoters, and ensuring compliance with the RERA Act.
MahaRERA (Maharashtra Real Estate Regulatory Authority) is a regulatory body established to oversee the real estate sector in Maharashtra.
Frequently Asked Questions
What is the pass percentage of the 5th edition of the Real Estate Agents examination?
87%
How many candidates have cleared the exam?
4,165
What is the total number of candidates who have qualified to become real estate agents?
13,370
Why has MahaRERA made training and certification compulsory for agents?
To ensure that agents are well-versed in the provisions of the RERA Act and provide accurate information to homebuyers.
What action has MahaRERA taken against agents who failed to meet the mandatory requirements?
MahaRERA has suspended the registration of over 20,000 agents who failed to complete the necessary training and certification by December 31, 2023.
Tags:
Related News Articles
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain