RERA registration for agents and brokers is now compulsory — without RERA registration, an agent is ineligible to sell or advertise a property. RERA registration is needed for the sale of old property as well as new property. As per Section 9 of the Real Estate (Regulation & Development) Act, 2016 (RERA), read with Rule 11 of the relevant rules, every real estate agent needs to take prior registration with the RERA authority of Maharashtra before dealing in any transactions relating to sale/purchase, advertising or brokerage of property in a project registered under the Act. The online RERA registration process helps get the certificate in fast track mode. Real estate agents and brokers are the connecting bridge between builders and investors.
“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 a plot, apartment or building 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 of sale or purchase of a plot, apartment or building, and includes property dealers, brokers, middlemen, by whatever name called.
Benefits of RERA Agent Registration
- Trust is likely to increase between investors & buyers
- RERA registration is essential to sell property, advertise, etc.
- RERA registration brings accountability between agents and investors
- RERA registration makes real estate agents more professional
Highlights of RERA Agent Registration
Validity of Registration
The registration for a real estate agent shall be valid for 5 years unless it is revoked. The registered agent is required to maintain books of accounts and records.
RERA Registration Fees (Government)
₹10,600 in case the applicant is an individual, or ₹1,00,000 in case the applicant is other than an individual.
Renewal of License
The registration granted to a real estate agent under the Act may be renewed on an application made by the real estate agent in Form J.
List of Documents for RERA Agent Registration
- PAN Card
- Aadhaar Card
- Last three ITR copies
- Agent invoice
- Contact details
What We Offer in RERA Agent Registration
- RERA Agent Certificate
- RERA documents support
- Challan payment
- RERA commission invoicing formats
RERA Agent Registration Process
- Application Preparation — An A N Bhutada & CO RERA expert will prepare your RERA agent application, collect the necessary documents and verify them.
- Filing the Registration — After collection of documents, RERA registration declarations etc., we file the registration application online and make payment of the challan.
- Registration Certificate — After due verification of documents and declarations by the officer, the registration certificate in online format is approved.
FAQ – RERA Agent Registration
What penalties would a real estate agent face for failing to adhere to MahaRERA?
If any real estate agent fails to register and contravenes the provisions of Section 9 or Section 10 of the Act, he shall be liable to a penalty of ten thousand rupees for every day during which such default continues, which may cumulatively extend up to five percent of the cost of the plot, apartment or building of the real estate project for which the sale or purchase has been facilitated, as determined by MahaRERA.
Will MahaRERA registration be valid in other states?
No. The registration is valid only for the Maharashtra region.
If a real estate agent is not listed with the promoter’s registration on the MahaRERA website, can he still sell in that project?
No. If the promoter has not included the real estate agent’s name at the time of registration, it will have to be included by the promoter subsequently and updated on the MahaRERA website. The real estate agent can operate in the project only thereafter.
Do listing websites / newspapers / exhibitions promoting real estate need to take an agent’s license?
Yes — if they intend to 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 in a registered real estate project being sold by the promoter in any planning area.
What are the MahaRERA agent registration fees to be paid to the Government?
The MahaRERA agent registration fee is ₹10,000 for an individual, and other charges are ₹600. Hence the total fee is approx. ₹10,600.
What declarations are required for agent registration under RERA?
- Income tax returns for the last three financial years (if the person was exempt, a declaration for the same)
- Details of all civil or criminal cases pending against him
- Letterheads, rubber stamp, sample invoices
- Passport size photo of the agent
How long does the agent registration process take?
It takes approx. 7-9 working days for approval of agent registration. However, once the challan is paid online, the agent number is provided immediately.
Do I need to be present at the ANBCA office for agent registration?
No. You simply send documents to us over email. Our expert will make the application on your behalf. The process is completely online and time-saving.
When and how do I get the RERA Agent Certificate?
After approval from the department, the certificate is granted. The certificates provided are in PDF format with digital signature encryption.
More Questions? Seek Help of an Expert — Call us at: +91 80555 66789 or Email us: office@anbca.com
