MahaRERA Examiner: 89% of Real Estate Agents Pass Competency Test
In a significant development, 6,755 out of 7,624 candidates have successfully cleared the MahaRERA real estate agent competency examination. The authority has made it mandatory for agents to pass this test to maintain their registration.
MahareraReal Estate AgentsCompetency TestMaharashtraHomebuyersReal Estate MaharashtraJan 27, 2025
According to a statement issued on January 27, 2025, 6,755 out of 7,624 candidates cleared the exam, achieving an impressive 89% success rate.
Pune's Praveen Kamble topped the exam with a score of 98%.
MahaRERA's rigorous examination aims to ensure that real estate agents in Maharashtra are well-versed in the regulatory requirements and industry standards.
The authority has made it mandatory for agents to undergo training and obtain a registration certificate.
Failure to comply with these requirements will result in the suspension of their registration.
As of now, there are approximately 47,000 registered agents across Maharashtra.
The exam results show that 5,637 of the successful candidates are male, while 1,118 are female.
Notably, 264 senior citizens, including 13 women, also passed the examination.
The eldest candidate, 84-year-old Daulatsinh Gadhvi from Mumbai, successfully cleared the test.
Since the introduction of the competency examination over a year ago, more than 20,000 real estate agents have passed the test.
In May 2024, MahaRERA took stern action by suspending the registration of over 20,000 agents who failed to meet the training and certification requirements.
Along with the competency examination, MahaRERA directed agents to make half-yearly progress reports public in February 2023.
These reports provide information on projects where agents have been designated by developers to handle sales.
On January 18, 2025, MahaRERA issued guidelines for homebuyers to consider before investing in a property.
These guidelines are designed to ensure that homebuyers conduct thorough due diligence before making a purchase.
MahaRERA has also emphasized the importance of dealing with registered real estate agents.
Developers are required to submit quarterly progress reports to MahaRERA, and homebuyers are advised to monitor the project's progress through the MahaRERA website and file complaints if necessary.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body established to protect the interests of homebuyers and ensure transparency in the real estate sector.
MahaRERA plays a crucial role in regulating the behavior of real estate agents and developers, ensuring that they adhere to stringent standards and regulations.
Frequently Asked Questions
What is the MahaRERA real estate agent competency examination?
The MahaRERA real estate agent competency examination is a test designed to ensure that real estate agents in Maharashtra are well-versed in regulatory requirements and industry standards. It is mandatory for agents to pass this exam to maintain their registration.
What happens if a real estate agent fails to pass the competency examination?
If a real estate agent fails to pass the competency examination, MahaRERA will suspend their registration. Agents are required to undergo training and obtain a registration certificate to maintain their status.
How many candidates took the January 2025 MahaRERA competency examination, and how many passed?
In the January 2025 examination, 7,624 candidates took the test, and 6,755 of them passed, achieving an 89% success rate.
What additional requirements have been imposed on real estate agents by MahaRERA?
In addition to the competency examination, MahaRERA has directed real estate agents to make half-yearly progress reports public, providing information on projects where they are designated by developers to handle sales.
What guidelines has MahaRERA issued for homebuyers?
MahaRERA has issued guidelines for homebuyers to consider before investing in a property. These guidelines emphasize the importance of conducting thorough due diligence and dealing with registered real estate agents. Homebuyers are also advised to monitor project progress through the MahaRERA website and file complaints if necessary.
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