MahaRERA suspends nearly 20,000 agents’ registrations for not having competency certificates
Effective January 1, it is compulsory for all agents to complete their training, pass an examination, and register their certifications with MahaRERA, failing which they they will be suspended for a year, officials announced on Thursday.
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A MahaRERA official added that agents who complete the training, obtain their certificate of competency and upload the same on the portal within a year, they will have their licenses renewed. (File/Express Photo by Gajendra Yadav)The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended nearly 20,000 real estate agents’ registrations after they failed to obtain the required competency certificates.
Effective January 1, it is compulsory for all agents to complete their training, pass an examination, and register their certifications with MahaRERA, failing which they they will be suspended for a year, officials announced on Thursday.
Ajoy Mehta, chairman of MahaRERA, emphasised on the critical role agents play in connecting homebuyers with developers. He stated that agents provide primary project information to potential homebuyers and must be knowledgeable about the Real Estate (Regulation and Development) Act, 2016, developer credibility, land titles, RERA-compliant carpet areas, commencement certificates and local authority approvals.
“It is essential for real estate agents to be well-versed in industry regulations and project specifics. Despite mandatory certification requirements, many agents remain unqualified, leading to the suspension of their approvals. MahaRERA will also cancel the registration of developers who engage with unqualified agents. Developers must heed this warning,” Mehta said.
A MahaRERA official added that agents who complete the training, obtain their certificate of competency and upload the same on the portal within a year, they will have their licenses renewed.
A failure to comply within the stipulated time frame will result in permanent cancellation, with a six-month prohibition on reapplying, effectively barring them from real estate transactions. Violators will face appropriate action.
MahaRERA recently issued detailed guidelines through a circular. Since its inception on May 1, 2017, approximately 47,000 agents have registered with MahaRERA. Earlier this year, the authority cancelled 13,785 agents’ registrations for not renewing their licenses.
In response to appeals from previously registered agents seeking to terminate their registration, MahaRERA has introduced a de-registration procedure to accommodate their requests.
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