MahaRERA to hold fifth exam for 5,260 real estate agents in Maharashtra to protect home buyers' interests

MahaRERA has said that until now four batches have appeared for the examination and 9,295 real estate agents have cleared the test

Published on: Jul 24, 2024, 12:44:45 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that a total of 5,260 real estate agents will appear for the fifth competency examination to be conducted by the Authority on July 29 across 24 centres in Maharashtra.

Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that a total of 5,260 real estate agents will appear for the fifth batch of competency examination. (Picture for representational purpose) (Unsplash)

Of the 5,260 candidates, 3,081 are from the Mumbai Metropolitan Region (MMR), 1,533 from Pune, 518 from Nagpur, the MahaRERA said in a statement.

According to MahaRERA, till now four batches have appeared for the examination and 9,295 real estate agents have cleared it.

The MahaRERA in January 2023 had made it mandatory for real estate agents to undergo training and obtain the prescribed certificate of registration. A failure to do so will lead to MahaRERA suspending registrations of such real estate agents.

Also Read: MahaRERA suspends registration of over 20,000 real estate agents in Maharashtra

There are around 47,000 agents registered across Maharashtra. Of these, registrations of 13,785 agents have been cancelled due to non-renewal. In April, MahaRERA had suspended registration of over 20,000 agents who failed to comply with the training and certification requirements.

"They will have to comply with the mandatory requirement to resume operations in the real estate sector. Due to the action initiated, the number of candidates appearing for the upcoming test has increased to over 5,000 from around 1,700 in the previous edition," the MahaRERA said in a statement.

Also Read: 5 orders passed by MahaRERA to safeguard homebuyers’ interests in Maharashtra

"In the real estate sector, an ‘agent’ plays a crucial role for homebuyers and developers. Therefore, it is imperative for the agents to be well-versed in the provisions of RERA Act. Therefore, MahaRERA has made it mandatory for the agents to undergo training, pass an exam to obtain certification. Failure to comply within the stipulated time frame to obtain this certification will result in tough decisions," Ajoy Mehta, Chairman of MahaRERA said.

Also Read: MahaRERA Update: Former Maharashtra chief secretary Manoj Saunik new MahaRERA chairman

In February 2023, the MahaRERA had directed real estate agents to make half-yearly progress reports public. This mandates furnishing information on projects where they have been designated by developers to handle sales.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Real Estate News

Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.