RERA Agent Registration
RERA stands for Real Estate Regulatory Authority, which was introduced by the Indian government to regulate and promote transparency in the real estate sector. RERA Agent Registration is mandatory for any individual or entity that wants to engage in the sale or purchase of properties in India. Here is the process involved in RERA Agent Registration:
Eligibility: To become a RERA registered agent, the individual or entity must be a citizen of India and must have attained the age of majority. They should not have any criminal records or have been declared bankrupt.
Documents Required: The following documents are required for RERA Agent Registration:
- PAN Card of the individual or entity
- Aadhar Card of the individual or entity
- Photograph of the individual or entity
- Address proof of the individual or entity
- Business address proof of the entity
- MOA/AOA or Partnership Deed of the entity
- Certificate of Incorporation or Registration of the entity
- Bank Statement of the entity
- Training Certificate from Specified institution
Application Form: The applicant needs to fill out the application form for RERA Agent Registration on the RERA website and submit the required documents along with it.
Payment: The application fee for RERA Agent Registration is INR 10,000. The applicant can make the payment online through the RERA website.
Background Verification: The RERA authority conducts a background verification of the applicant to check for any criminal records or bankruptcies.
Issuance of Certificate: Once the background verification is complete, and all the documents are in order, the RERA authority will issue a registration certificate to the applicant.
The RERA Agent Registration is valid for a period of five years, after which the agent needs to renew it. The agent must comply with all the rules and regulations of the RERA authority to maintain their registration status.