NAR-India Urges Members to Sever Ties with MagicBricks Over Misrepresentation Allegations

The National Association of Realtors (NAR) - India, a prominent organization representing RERA-registered and licensed real estate professionals across the country, has taken a decisive step in response to recent allegations against MagicBricks. The association has instructed its members to sever all business ties with MagicBricks, citing concerns over the platform's alleged misrepresentation of brokers and unethical business practices.

NAR-India has been a staunch advocate for ethical practices in the real estate industry, ensuring that brokers and agents operate within the bounds of the law and maintain the highest standards of professionalism. The directive to cut ties with MagicBricks comes after a thorough investigation into the platform's operations, which revealed multiple instances of alleged misconduct.

According to NAR-India, MagicBricks has been accused of misrepresenting the qualifications and credentials of brokers listed on its platform. This includes falsifying information about their experience, licenses, and certifications, which can mislead both potential clients and other real estate professionals. The association has also raised concerns about MagicBricks' failure to comply with the Real Estate (Regulation and Development) Act (RERA), which mandates transparency and accountability in the industry.

In a statement released to the media, NAR-India emphasized the importance of maintaining trust and integrity in the real estate market.