Passing Rate at 87% with Top Scores Achieved by Mumbai and Pune Candidates
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced the results of its 5th Real Estate Agents examination.
High Passing Rate and Top Performers
Out of 4,769 candidates who participated, 4,165 have successfully passed the exam, reflecting a passing rate of 87%. This is a slight decrease compared to previous exams, which had passing percentages of 96% for the first, 93% for the second, 89% for the third, and 86% for the fourth examination. Sharad Mota from Mumbai and Divyesh Maheshwari from Pune achieved perfect scores of 100%, jointly securing the top position.
Demographics of Successful Candidates
Among the successful candidates, there are 3,553 men and 612 women. Notably, 196 of the qualified agents are senior citizens, with 12 of these being women.
Cumulative Statistics
To date, 13,370 individuals have qualified as real estate agents in Maharashtra through the five exams conducted so far. The breakdown includes 4,165 from the latest exam, 405 from the first, 2,812 from the second, 4,461 from the third, and 1,527 from the fourth examination.
Mandatory Training and Certification
MahaRERA has underscored the importance of training and certification for all real estate agents. As of January 10, 2023, MahaRERA mandated that both new and renewing agents complete mandatory training and certification. Out of approximately 47,000 agents registered with MahaRERA, 13,785 had their registrations canceled due to non-renewal. Additionally, over 20,000 agents had their registrations suspended by April for failing to meet the training and certification requirements.
Importance of Well-Trained Agents
Real estate agents serve as critical intermediaries between homebuyers and developers, providing essential information about projects, agreements, and other key details. Ensuring that agents are well-trained and knowledgeable is crucial for safeguarding homebuyers’ interests and maintaining transparency in the real estate sector.
