Housing regulator has suspended registration of about 20,000 agents who did not obtain MahaRERA Real Estate Agent Certificate of Competency as agents or did not register the Certificate on the website despite multiple opportunities
Starting January 1, 2024, real estate agents are mandated to undergo training, clear the examination and register their certificate as detailed out by the Maharashtra Real Estate Regulatory Authority (MahaRERA), failing which they will not be able to continue doing business.
So far, approximately 20,000 real estate agents have failed to fulfil the conditions as laid down by MahaRERA. One of the factors being non-uploading of Certificate of Competency on the regulatory authority’s website. Hence, registration in such cases has been suspended for a period of a year. If they complete the training, obtain the Certificate of Competency, and upload the same on the portal within a year, their license will be renewed. Those who do not follow the procedure within the stipulated time frame, their registration will stand cancelled after a year. Thereafter, for the next six months, they will not be able to apply for a fresh registration, which translates into being unable to deal in real estate transactions. Those found violating the rules will be subject to appropriate action.
The above mentioned detailed guidelines has recently been announced by MahaRERA through a circular.
Approximately, 47,000 agents have been registered with MahaRERA since its inception ie from 1st May 2017.Earlier this year, MahaRERA cancelled the registration of 13,785 real estate agents for not renewing their licences.
Procedure for Cancellation of Agents License Announced
Several people who were previously registered have made an appeal with MahaRERA that they wish to terminate their registration as agents, on different grounds. Keeping in mind the genuine need to permit real estate agents exit the system, MahaRERA has announced de-registration procedure.
For this, the individual should apply to the Director (Registration), MahaRERA on dereg.agent@gmail.com in a prescribed format.
Certain conditions will have to be fulfilled to get themselves de-registered. For example, the applicant should not be listed by promoters as their authorised real estate agents for any real estate projects. There should not be any pending complaints against the individual. They should have submitted yearly reports of the transactions facilitated for the last two years, immediately prior to their de-registration application date. In case, if not submitted, they should provide the reason for being unable to submit the same on their letterhead.
In case if a person files a complaint against a real estate agent, whose de-registration application is permitted, the aggrieved person can approach MahaRERA and the authority will take necessary decision and shall be binding on the concerned agent.
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