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Checklist for registration of Real Estate agents under RERA

Friday, September 08, 2017

Real estate agents and brokers form vital bridge between the real estate industry and the dreams of happy homes. There are innumerable cases where the consumer have legally or not portrayed their dissatisfaction towards the services of their agents.

Real Estate (Regulation and Development) Act, 2016 seeks to smoothen out these kinks by regulating the industry estate agents.

As perthe Act, no real estate agent shall facilitate the sale or purchase of or act on behalf of any person to facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, being the part of the real estate project registered under section 3, being sold by the promoter in any planning area, without obtaining registration under this section. Section 2(zm) of the Act defines real estate agent as follows:-

"real estate agent" means any person, who 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 remuneration or fees or any other charges for his services whether as commission or otherwise and includes a person who introduces, through any medium, prospective buyers and sellers to each other for negotiation for sale or purchase of plot, apartment or building, as the case may be and includes property dealers, brokers, middlemen by whatever name called.”

Every real estate agent requires to be registered
As per the act, an agent shall make an application in writing. In case of registered real estate projects real estate agent shall register forth with and in any case prior to engaging in any activity relating to marketing, advertising sale or purchase of any apartments. The application shall be in Form ‘G'.

The following documents shall also be submitted along with the application namely

  • Brief details of his enterprise including its name, registered address of place of business, type of enterprise (proprietorship firm, societies, partnership, company etc.)
  • PAN, Aaadhar Card No, DIN, as the case may be, under which returns are required to be filed with statutory authority
  • Registration numbers of his enterprise
  • Particulars of registration obtained under other laws, and rules and regulations, as the case may be, along with the authenticated copy of partnership deeds, memorandum of association etc.
  • Recent colour photographs of the real estate agent, if an individual
  • Recent colour photographs of all the partners, directors, trustees, etc. including persons in service or assigned work expected on a real estate agent, in case of other entities
  • Authenticated copy of the proof of address of the principal place of business, number of branch offices if any along with contact details including Telephone Numbers, Fax Numbers and e-mail address
  • Details (if any) of all real estate projects and their promoters on whose behalf he has acted as real estate agent in preceding five years
  • Details of all civil or criminal cases pending against him if an individual or any of the partners, directors, trustees, etc. in case of other entities
  • Authenticated copies of all letter heads, rubber stamp images, acknowledgement receipts proposed to be used by the real estate agent.
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