With the third batch of real estate agents gearing to appear for the online examination conducted by Maharashtra Real Estate Regulatory Authority (MahaRERA) on November 22, Mumbai region is expected to get a steady flow of MahaRERA-certified agents. There are 5592 candidates who have successfully completed the prerequisite preliminary training thus making them eligible for the online examination to be conducted by MahaRERA at 19 centres across the state.
These agents play a crucial role as intermediaries between home buyers and developers, serving as the primary source of information for potential clients. Recognising this pivotal role, MahaRERA emphasises the importance of agents being well-versed in the key provisions of the RERA Act.
To date, 3217 candidates have successfully passed the examination, which was conducted twice this year. It is noteworthy that approximately 45,000 agents were initially registered in the state, with the current active workforce standing at 32,000. The shortfall arises from 13,000 agents who have not renewed their certification.
“RERA authorities have made it compulsory for real estate agents from January 2023 to pass this exam and this will be the third time in the year RERA is conducting the exam. Agents form the link between buyers and sellers so it will be very much helpful for the buyers if all agents are on the same page with respect to the rules according to RERA Act,” said an official from MahaRERA office at Bandra.
The training programme focuses on ensuring uniformity, consistency and clarity in providing essential information related to regulatory provisions, such as the agreement for sale, allotment letter issued after registration of the house, carpet area and defect liability period, among others. This knowledge is crucial as it forms the basis on which consumers make informed decisions when purchasing a home.