RERA Registration for Agents
RERA Act came into the picture because lots where buyers were not protected from the regulatory bodies. Therefore to protect the consumers this act is passed.
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Get Support AnytimeWhat is RERA Registration for Agents?
The Real Estate Regulation and Development Act (RERA) Act, 2016 is an Act to protect the people who are buying homestays for themselves. In addition, it helps to increase the investments in sector of real estate. RERA Act came into force on 01st May, 2016.
RERA Act came into picture because lots of buyers were not protected from the regulatory bodies. Therefore, to protect the consumers this act was passed.
Who is Real Estate Agent?
A real estate agent acts as a beneficiary between buyers and sellers. He is the person to make meetings with the buyer and seller so that at an appropriate day and time they both can meet to finalize the deal.
The people who need to become RERA agents must register themselves under defined authority. Once they are registered, they will be provided a registration number and it’s valid for 5 years and can be renewed after the expiry of 5 years.
What Are the Roles of Real Estate Agents?
- They must have full details of directors and about project they will deal into.
- They agents must present all records to buyers when he asks for it.
- It is the duty of agent not to mislead or misinterpreted the general public about the projects.
- It is the duty of the agent to have fair deals with the customer after all the money belongs to a common man.
Procedure of registration of real estate agent
RERA Registration as an agent in Haryana:
- The people who need to be registered as RERA agents need to make an application in form REA-1 to the concerned authority along with documents mentioned below-
- Details of type of organization i.e. private, public company, sole proprietor and MOA and AOA
- Residential proof
- Identity proof PAN CARD
- Details of registration if any other state it’s registered.
- Along with application a fee must also be paid at the time of filing of application in a way of Demand draft, banker’s cheque or online payment.
- Once the documents are found suitable, the authority shall issue certificate to become real estate agent within 30 days of receipt of application.
- FORM RE-II is issued by the authority to become agent.
- Form RE-III is issued if application is rejected.
- The registration number is valid for 5 years.
- FORM REIV is issued in case to renew the registration certificate.
Penalties under RERA ACT
- Penalty of Rs.10000 per day in case of default.
- If any unfair trade practices found then agent will be liable for imprisonment for 1 year.
RERA Registration for Agent in Delhi:
- The people who need to be registered as RERA agents needs to make an application in form G to the concerned authority along with documents mentioned below-
- Details of type of organization i.e. private, public company, sole proprietor and MOA and AOA
- Residential proof
- Identity proof PAN CARD
- Details of registration if any other state it’s registered.
- Last 3 years Income tax returns and declarations
- Along with application a fee must also be paid at the time of filing of application in a way of Demand draft, banker’s cheque or online payment.
- Once the documents found suitable the authority shall issue certificate to become real estate agent within days of receipt of application.
- FORM H issued by the authority to become agent.
- Form I is issued if application is rejected.
- The registration number is valid for 5 years.
Penalties under RERA ACT
- Penalty of Rs.10000 per day in case of default.
- if any unfair trade practices found then agent will be liable for imprisonment for 1 year.
RERA Registration Certificate for Agent in Delhi:
- The people who needs to be registered themselves as RERA agents needs to make an application in form H to the concerned authority along with documents mentioned below-
- Details of type of organization i.e. private, public company, sole proprietor and MOA and AOA
- Residential proof
- Identity proof PAN CARD
- Details of registration if any other state is registered:
- Along with application a fee must also be paid at the time of filing of application in a way of Demand draft, banker’s cheque or online payment.
- Once the documents found suitable the authority shall issue certificate to become real estate agent within 30 days of receipt of application.
- FORM I issued by the authority to become agent.
- Form J is issued if application is rejected.
- The registration number is valid for 5 years.
Penalties under RERA ACT
- Penalty of Rs.10000 per day in case of default.
- If any unfair trade practices found then agent will be liable for imprisonment for 1 year.
RERA Registration for Agent in Uttar Pradesh
- The people who need to be registered as RERA agents needs to make an application in form H to the concerned authority along with documents mentioned below-
- Details of type of organization i.e. private, public company, sole proprietor and MOA and AOA
- Residential proof
- Identity proof PAN CARD
- Details of registration if any other state it’s registered.
- Last 3 years Income tax returns and declarations
- Along with application a fee must also be paid at the time of filing of application in a way of Demand draft, banker’s cheque or online payment.
- Once the documents found suitable the authority shall issue certificate to become real estate agent within 30 days of receipt of application.
- FORM H issued by the authority to become agent.
- Form I is issued if application is rejected.
- The registration number is valid for 5 years.
Penalties under RERA ACT
- Penalty of Rs.10000 per day in case of default.
- If any unfair trade practices found then agent will be liable for imprisonment for 1 year.
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