RERA Registration with the help of RERA Consultants Real estate agents are the spirit of real estate business. They are the intermediaries facilitating transactions between builder and purchaser. With Real estate agents that will soon come into force all agents will have to be mandatorily RERA Registration with the concerned state level regulatory the system. Real estate agents will be allot a registration number by the power which will be applicable for 5 years and will be line in every transaction facilitate by him.
Real estate agents will also be punishing if they will incorrectly represent any detail regarding project to buyers. Punishment will extend up to Rs 1 lakh per day and maximum 5% of total project cost. Real estate agent is also necessary to keep books of accounts of the projects they are cosset in and are answerable for them. Every state have their own procedure for it like RERA in Rajsthan is done in Rajasthan while RERA Registration in UP is done by UP Authority.