MahaRERA to conduct 5th exam for agents in real estate sector on July 29

A total of 5260 candidates have completed preliminary training in the real estate sector to qualify themselves for an online exam to be conducted on July 29 at 24 centres across Maharashtra shared Maharashtra Real Estate Regulatory Authority MahaRERAldquoOf the 5260 candidates 3081 are from the Mumbai Metropolitan Region 1533 from Pune 518 from Nagpur 40 from Nashik 28 from Sambhajinagar 21 from Kolhapur 20 from Sangli and 7 each from Amravati and Jalgaon along with 5 from Nandedrdquo said a MahaRERA officialRegistration suspendedldquoSo far the test has been held four times and about 9295 candidates have cleared the exam There are around 47000 agents registered across Maharashtra Of these registrations of 13785 agents have been cancelled due to nonrenewal Subsequently in Aprilend MahaRERA suspended registration of over 20000 agents who failed to comply with the training and certification requirements by December 31 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 5000 from around 1700 in the previous editionrdquo the official saidCrucial linkhellipIn the real estate sector the agent is a crucial link between homebuyers and developers Often homebuyersrsquo first point of contact is agents who share primary information about various projects Their role and importance in the real estate sector cannot be undermined and have to be recognised They need to be wellversed in the provisions of the Real Estate Regulation and Development Act Through the agents a flat purchaser receives details such as provisions in the agreement for sale stamp duty and registration allotment letter carpet area payment schedule regulatory provisions etc Hence agents must provide all of this information consistently and with utmost clarity Based on this set of information the investor makes an informed decision about purchasing a home Therefore safeguarding customerrsquos interests is of utmost importance and the agents must undergo such training and certification from time to timeChairman MahaRERA speaksldquoIn the real estate sector an lsquoagentrsquo plays a crucial role for homebuyers and developers Therefore the agents must be wellversed in the provisions of the RERA Act They are expected to have credible primary information about the developer and the project land rights RERA carpet area projectrsquos commencement certificate clearances from local authorities developerrsquos liabilities and much more A homebuyer processes this set of information to make an informed choice on their flatrsquos purchaserdquoldquoTherefore MahaRERA has made it mandatory for the agents to undergo training and pass an exam to obtain certification Failure to comply within the stipulated time frame to obtain this certification will result in tough decisions such as discontinuing dealing in real estate transactions Recently MahaRERA suspended registrations of over 20000 defaulting agents who did not comply with the mandatory due diligence So far 19403 people have completed the training and 9295 candidates have cleared the examination Test for 5260 candidates will be conducted this month end Securing and protecting homebuyersrsquo interests is MahaRERAs utmost priority It is MahaRERAs resolve not to tolerate any harm done to the homebuyersrdquo Mehta concluded