The responsibilities of a rera certified real estate agent as per the Real Estate (Regulation and Development) Act, 2016 (RERA)

The responsibilities of a Maharera Certify Real Estate Agent as per the Real Estate (Regulation and Development) Act, 2016 (RERA) are as follows:

1. Deal Only with Registered Projects:

• A real estate agent must ensure that the projects they market, advertise, or facilitate sales for are registered with RERA.

2. Maintain Records and Documentation:

• Agents must maintain and preserve records of:
  • Transactions for each project separately.
  • Books of accounts, agreements, and other documents related to their operations.
• These documents should be available for inspection by authorities when required.

3. Avoid Unfair Trade Practices:

• Unfair practices include:
  • Making false or misleading claims about the services or project.
  • Representing that a project has approvals or certifications it does not possess.
  • Advertising or offering services that are not intended to be provided.

4. Provide Accurate and Complete Information:

• Agents must share all necessary information with buyers to help them make informed decisions, such as:
  • Project details, including approvals, registrations, and agreements.
  • The promoter’s credibility and the project’s legal status.
• Agents must facilitate access to documents like title deeds, sanction plans, and agreements.

5. Display Registration Details:

• Agents must prominently display their RERA registration number at their principal place of business and all branch offices.
• This number must also be included in:
  • Advertisements.
  • Marketing and promotional materials.
  • Sales documents.

6. Assist in Transactions:

• Agents should act as a bridge between promoters and allottees, ensuring:
  • Transparent communication.
  • Timely delivery of project-related information.
  • Smooth execution of agreements.

7. Adhere to Ethical Practices:

• Follow all legal and ethical standards outlined in the RERA rules.
• Avoid any activity that harms the interest of buyers, promoters, or other stakeholders.

8. Renewal of Registration:

• Agents must renew their RERA registration every five years.
• They must comply with all rules and regulations for the renewal process.

9. Facilitate Consumer Rights:

• Agents should ensure that buyers (allottees):
  • Understand their rights under RERA.
  • Have access to project status updates.
  • Receive support in case of grievances or disputes.