RERA Registration for Real Estate Agents

RERA Registration for Real Estate Agents

Who is real estate agent?

A real estate agent is a person who works as an intermediary to facilitate the transaction and to stimulate fair practices between buyers and the builders.

What are roles of real estate agents?

1. The agents must have all the records and documents of the promoters as well as their projects.

2. The agents must present all the records and documents to the buyer as and when required.

3. The agents must not misguide or advertise the general public with false facts of the projects.

4. The agent should with responsibility fairly handle the hard earned money of common man.

What is RERA Agent registration?

All the RERA agents need to compulsorily register themselves with the concerned state-level regulatory authorities. After registration, the agents will be given a registration number by the authority which will be valid for 5 years and will be renewed thereafter.

Procedure of registration of real estate agent 

1. RERA registration as an agent in Haryana:

a) Every real estate agent shall make an application in form no REA-I to the authority along with documents hereunder mentioned:

1. RERA agent registration form which shall be duly filled

2. Particulars about the type of organization ( pvt ltd, public ltd, LLP, partnership firm, proprietary firm with their registration number, bye rules, memorandum of association, article of association etc

3. Authenticated copy of address proof of the place of business

4. Authenticated copy of pan card

5. Details of registration in any other state and union territory

b) The agent shall also pay the registration fees at the time of filing the application either by the  way of demand draft or bankers cheque drawn on any scheduled bank or online payment to Haryana real estate regulatory authority calculated in schedule

c) the authority shall grant registration certificate to real estate agent within 30 days of receipt of such application form or reject the same.

d) the authority shall issue registration certificate in RE-II to the agent

e) in case of rejection, the authority shall inform such particulars to agent in form no RE-III

f) the registration granted shall be valid for 5 years

g) in case the real estate agent wants to renew the registration shall apply for such in form no RE IV with such sum mentioned in schedule

Penalties under RERA act

1. The agent shall be liable for penalty of Rs. 10,000 per day in case of default and can extend to 5% of the cost of plot or building

2. In case the agent is associated with any unfair trade practices, he shall be liable for a punishment by way of 1 year imprisonment


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