MahaRERA Exam: 5,260 Candidates to Appear for Real Estate Agent Certification
Real estate agents in Maharashtra are gearing up to appear for the mandatory certification exam, with 5,260 candidates set to take the fifth edition of the online test on July 29.
Real EstateMahareraCertificationExamMaharashtraReal Estate NewsJul 22, 2024
The candidates are from various regions of the state, including Mumbai Metropolitan Region (3,081), Pune (1,533), Nagpur (518), Nashik (40), Chhatrapati Sambhajinagar (28), Kolhapur (21), Sangli (20), Amravati (7), Jalgaon (7), and Nanded (5).
So far, the test has been held four times, with around 9,295 candidates clearing the exam. There are around 47,000 agents registered across Maharashtra, with 13,785 agents having their registration cancelled due to non-renewal. In April, MahaRERA suspended the registration of over 20,000 agents who failed to comply with the training and certification requirements by December 31, 2023.
MahaRERA Chairman Ajoy Mehta emphasized the importance of the certification, stating, 'An agent plays a crucial role for homebuyers and developers. It is imperative for them to be well-versed in the provisions of the Real Estate (Regulation and Development) Act.' Mehta added that agents are expected to have credible primary information about the developer and the project, land rights, RERA carpet area, project's commencement certificate, clearances from local authorities, developer's liabilities, and much more.
Information MahaRERA is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to regulate and promote the real estate sector in Maharashtra. The authority is responsible for ensuring that developers and real estate agents comply with the provisions of the Act and protect the interests of homebuyers.
Maharashtra Real Estate Regulatory Authority (MahaRERA) is a statutory body established to regulate and promote the real estate sector in Maharashtra. The authority aims to ensure transparency, accountability, and fairness in the real estate sector, and protect the interests of homebuyers.
Frequently Asked Questions
What is MahaRERA?
MahaRERA is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to regulate and promote the real estate sector in Maharashtra.
Why is certification mandatory for real estate agents in Maharashtra?
Certification is mandatory for real estate agents in Maharashtra to ensure that they are well-versed in the provisions of the Real Estate (Regulation and Development) Act and can provide credible primary information to homebuyers.
How many candidates are set to appear for the MahaRERA exam?
5,260 candidates are set to appear for the MahaRERA exam on July 29.
What is the purpose of the MahaRERA exam?
The purpose of the MahaRERA exam is to test the knowledge of real estate agents on the Real Estate (Regulation and Development) Act and other relevant regulations.
What happens if a real estate agent fails to obtain certification?
If a real estate agent fails to obtain certification, they may face tough decisions such as discontinuing dealing in real estate transactions.
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