MahaRERA to Conduct 5th Exam for Real Estate Agents on July 29
MahaRERA has made it mandatory for real estate agents to undergo training and pass an exam to obtain certification, ensuring safeguarding of homebuyers' interests.
Real EstateMahareraRera ActHomebuyersAgentsReal Estate NewsJul 22, 2024
The candidates hail from different regions, including Mumbai Metropolitan Region, Pune, Nagpur, Nashik, Sambhajinagar, Kolhapur, Sangli, Amravati, Jalgaon, and Nanded. This exam is a crucial step towards ensuring that real estate agents are well-versed in the provisions of the Real Estate (Regulation and Development) Act.
In the real estate sector, agents play a vital role in providing primary information to homebuyers about various projects. They need to be knowledgeable about the provisions of the RERA Act, including details such as the agreement for sale, stamp duty and registration, allotment letter, carpet area, payment schedule, and regulatory provisions.
MahaRERA has taken strict action against defaulting agents who failed to comply with the mandatory training and certification requirements. Recently, the authority suspended registrations of over 20,000 agents who did not meet the requirements. So far, 19,403 people have completed the training, and 9,295 candidates have cleared the examination.
Chairman MahaRERA emphasized that securing and protecting homebuyers' interests is the authority's top priority. 'It is MahaRERA's resolve not to tolerate any harm done to the homebuyers,' he concluded.
Information
Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body established to regulate and promote the real estate sector in Maharashtra. Its primary objective is to protect the interests of homebuyers and ensure transparency in real estate transactions.
Maharashtra Real Estate Regulatory Authority (MahaRERA) is a statutory body established under the Real Estate (Regulation and Development) Act, 2016. Its primary objective is to regulate and promote the real estate sector in Maharashtra, ensuring transparency, accountability, and protection of homebuyers' interests.
Frequently Asked Questions
What is the purpose of the MahaRERA exam for real estate agents?
The exam is conducted to ensure that real estate agents are well-versed in the provisions of the Real Estate (Regulation and Development) Act and can provide accurate information to homebuyers.
How many candidates will appear for the 5th MahaRERA exam?
A total of 5,260 candidates will appear for the exam.
What is the role of agents in the real estate sector?
Agents play a crucial role in providing primary information to homebuyers about various projects and ensuring that homebuyers' interests are protected.
What action has MahaRERA taken against defaulting agents?
MahaRERA has suspended registrations of over 20,000 defaulting agents who failed to comply with the mandatory training and certification requirements.
What is MahaRERA's primary objective?
MahaRERA's primary objective is to protect the interests of homebuyers and ensure transparency in real estate transactions.
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