MahaRERA to Conduct 5th Online Exam for Real Estate Agents on July 29th
MahaRERA is set to hold its 5th online exam for real estate agents on July 29th, with 5,260 candidates participating across 24 centers in Maharashtra.
Real EstateMahareraOnline ExamReal Estate AgentsRera ActReal EstateJul 22, 2024
A total of 5,260 candidates have completed preliminary training in the real estate sector to qualify themselves for the online exam. These candidates will appear for the exam at 24 centers across Maharashtra, with 3,081 from the Mumbai Metropolitan Region, 1,533 from Pune, 518 from Nagpur, and others from various regions.
So far, the test has been held four times, and about 9,295 candidates have cleared the exam. There are around 47,000 agents registered across Maharashtra, but registrations of 13,785 agents have been 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.
These agents will have to comply with the mandatory requirement to resume operations in the real estate sector. Due to this action, the number of candidates appearing for the upcoming test has increased to over 5,000 from around 1,700 in the previous edition.
Real estate agents play a crucial role in the sector, serving as a link between homebuyers and developers. They need to be well-versed in the provisions of the Real Estate (Regulation and Development) Act to provide accurate information to homebuyers. Through the agents, a flat purchaser receives details such as provisions in the agreement for sale, stamp duty and registration, allotment letter, carpet area, payment schedule, regulatory provisions, etc.
Quote of MahaRERA Chairman Shri. Ajoy Mehta \
Frequently Asked Questions
What is the purpose of the online exam for real estate agents?
The online exam is a mandatory step towards ensuring qualified and informed professionals serve homebuyers in Maharashtra.
How many candidates will appear for the 5th online exam?
5,260 candidates will appear for the 5th online exam across 24 centers in Maharashtra.
What is the role of real estate agents in the sector?
Real estate agents play a crucial role in the sector, serving as a link between homebuyers and developers and providing primary information about various projects.
What happens if real estate agents fail to comply with the training and certification requirements?
Real estate agents who fail to comply with the training and certification requirements will have their registrations suspended and will have to comply with the mandatory requirement to resume operations in the real estate sector.
What is MahaRERA's priority?
Securing and protecting homebuyers’ interests is MahaRERA's utmost priority.
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