RERA Registration for Agents in Maharashtra is required when real estate agent negotiates or acts on behalf of one person in a transaction of transfer of his plot, apartment, or building, as the case may be, in a real estate project, by way of sale with another person or transfer of plot, apartment, or building, as the case may be, of any other person to him and receives compensation or fees or any other charges for his services, whether as a commission or otherwise.
According to section 9 of the Real Estate (Regulation & Development) Act, 2016, read with Rule 11 of the aforementioned Rules, Rera Registration for Agents in Maharashtra is must before engaging in any transactions relating to the sale or purchase, advertising, or brokerage of property of a project whose maharera project registration is done.
Real estate agents are a crucial component of the real estate industry since they connect allocators and promoters and handle the majority of real estate transactions. Rera Registration for Agents in Maharashtra recognizes their significance, names them as one of the major stakeholders alongside allottees and promoters.
Table of Contents
Goal of Maharera Registration for Agents
Each real estate agent who has done Maharera Real Estate Agent Registration or Maharera Broker Registration with Section 9 must –
- Not assist in the sale or acquisition of any plot, apartment, or building, as applicable, in a real estate project or a portion of it that the promoter is selling in any planning area and that doesn’t have maharera project registration.
- Not engage in any unfair commercial practices.
- Maintain and preserve such books of account, records, and documents.
- Not Claims to have affiliations or approvals that the promoter or he or she does not actually hold.
- Not makes a false or deceptive statement about the services.
- Not Permitting the publication of any advertisement, whether in any newspaper or otherwise of services that are not intended to be offered.
Rera Registration Process for Agents In Maharashtra
- Open maharera official website by click on the below link – https://maharerait.mahaonline.gov.in/Login.
- Press on New Registration tab.
- Choose Real estate agent to begin Rera Registration Process for Agents In Maharashtra.
- Mention the information (username, password, mobile number, and email address) Please take note that the email will not contain any of these data regarding the password, only activation link will come.
- Activate the link by clicking it and completing the form.
- Click the profile buttons after selecting the accounts buttons. Enter the necessary information in the profile area.
- Click on the registration buttons, then upload the files.
- When you click the payment buttons, you can either create a challan to deposit in the bank or pay RS.10,590/- online.
- Keep track of your application and abide by the scrutiny remarks to speed up the approval process.
- Maharera Real Estate Agent Registration Certificate and registration number will be generated upon authority approval. By logging into the account of the real estate agent, certificate of Maharera Registration For Real Estate Agents can be downloaded.
Documents required for Rera Agent Registration in Maharashtra
Documents required for Rera Agent Registration in Maharashtra are as follows:
- PAN Card
- Registration Information, Including Bylaws;
- Memorandum of Association
- Each letterhead needs to be self-certified
- Rubber-stamped self-certified copy with letterhead
- It is suggested that the real estate agent use acknowledgment receipts
- Declarations representing the last three years’ of income tax returns
There shouldn’t be any open criminal or civil cases.
Rera Agent Registration Fees in Maharashtra
According to Rule 11(3) of the Maharashtra Real Estate Act, Rera Agent Registration Fees In Maharashtra for individual Maharera Real Estate Agent Registration cost about 10,590 Rs. including taxes. On the other hand, a Rera Registration Fees For Agents In Maharashtra for a partnership firm, society, LLP, or private limited company Including taxes, it would cost about 1,00,590 Rs.
Rera Registration Fees for Brokers in Maharashtra is at higher side so as to attract only faithful real estate agents.
Benefits of RERA Registration for Agents in Maharashtra
- Increased trust between investors and buyers is anticipated.
- Maharera Registration For Real Estate Agents will bring accountability between agents and investors.
- Rera Registration for Brokers in Maharashtra will make real estate agents far more appropriate to sell properties and run advertisements, among other things.