MahaRERA Witnesses a High Pass Percentage of 87% in the 5th Edition of Real Estate Agents Examination
Maharashtra Real Estate Regulatory Authority declares results of the 5th edition of Real Estate Agents examination with 4,165 candidates clearing the test
Real Estate Agents ExaminationMahareraRera ActReal Estate Regulatory AuthorityAgents Training And CertificationReal Estate MumbaiAug 05, 2024
Of the 4,165 candidates who cleared the fifth edition of the exam, 3,553 were males, 612 were females, 196 were senior citizens, and 12 were senior citizen women. The top rank was jointly shared by Sharad Mota from Mumbai and Divyesh Maheshwari from Pune, both of whom scored 100% marks.
Since the inception of the exams, a total of 13,370 candidates have qualified to become real estate agents. This number includes 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.
MahaRERA has made it compulsory for new real estate agents as well as for renewals to undergo training and get certified, as per its January 10, 2023 order. Currently, there are approximately 47,000 agents registered with MahaRERA in Maharashtra. However, the registrations of 13,785 agents were cancelled due to non-renewal.
By the end of April, MahaRERA suspended the registration of over 20,000 agents who failed to meet the mandatory requirements of training and certification up to December 31, 2023. These agents are now prohibited from transacting in the sector until they meet the specified conditions.
In the real estate sector, an agent plays a vital role in bridging the gap between homebuyers and developers. They are often the first point of contact for flat purchasers and provide initial information about projects. Considering the importance of agents in the real estate sector, it is crucial for them to be well-versed in the provisions of the RERA Act.
Agents are expected to have uniform, clear, and credible preliminary information about the developer, project, Agreement for Sale, allotment letter issued after purchase transaction's registration, carpet area, defect liability period, etc. Based on this information, a purchaser makes a decision to buy a certain residence or not. Therefore, keeping homebuyers' interests at the core, MahaRERA has made this training and certification mandatory.
The high pass percentage of 87% in the fifth edition of the Real Estate Agents examination is a testament to the growing awareness and importance of RERA certification among agents in Maharashtra.
Frequently Asked Questions
What is the pass percentage of the 5th edition of Real Estate Agents examination?
87%
How many candidates cleared the 5th edition of the exam?
4,165
What is the total number of candidates who have qualified to become real estate agents so far?
13,370
Why has MahaRERA made training and certification mandatory for real estate agents?
To keep homebuyers' interests at the core and to ensure that agents are well-versed in the provisions of the RERA Act
What is the consequence for agents who failed to meet the mandatory requirements of training and certification?
Their registration will be suspended, and they will be prohibited from transacting in the sector until they meet the specified conditions
Tags:
Related News Articles
Maharashtra Takes a Giant Leap in Semiconductor Manufacturing with RRP Electronics Ltd's New Facility
RRP Electronics Ltd launches Maharashtra's first OSAT/ATMP semiconductor manufacturing facility, marking a major milestone in India's semiconductor mission.
Diwali 2024: Are Festive Discounts Significant for Mumbai's High-End Homebuyers?
The Mumbai real estate market has observed a 10% drop in property registrations during the Ganesh festival. New projects priced above ₹5 crore are being launched, and luxury homebuyers show a unique approach towards festive offers.
Donald Trump Appoints Basketball Team Owner Tilman Fertitta as US Ambassador to Italy
Tilman Fertitta, the billionaire owner of the Houston Rockets, has been nominated by President Donald Trump to serve as the next US Ambassador to Italy. Fertitta’s extensive business acumen and community involvement make him a strong candidate for the dip
Evolving Legal Framework in Maharashtra's Real Estate Sector
The real estate sector in Maharashtra is experiencing a transformative phase, driven by a series of legal changes and regulatory measures. These developments are reshaping the landscape and offering new opportunities and challenges for stakeholders. By Ad
House of Abhinandan Lodha: Expanding Plotted Development in Real Estate
The House of Abhinandan Lodha is making significant strides in the plotted development sector, carving a niche in the competitive real estate market with innovative projects and a focus on customer satisfaction.
Mumbai's Real Estate Market Booms: Macrotech Developers Sells Luxury Apartment for ₹187 Crore in Worli
In a significant transaction that underscores the robustness of Mumbai's luxury real estate market, Macrotech Developers has sold a luxury apartment in Worli for a whopping ₹187 crore. This deal highlights the enduring appeal of prime locations and high-e