In the real estate sector, the property brokers and agents play a vital role as they are the link between a homebuyer and a developer. Usually, a potential homebuyer receives primary project related information directly from these agents.
Starting January 1, 2024, real estate agents are mandated to undergo training, clear the examination and register their certificate as detailed out by MahaRERA
Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 20,000 real estate agents after they failed to fulfil the conditions laid down by the housing regulator.
Maharashtra's realty regulator on Thursday said it has suspended the registration of 20,000 real estate brokers, leaving only 13,000 such registered agents in the state. There were a total of 47,000 agents registered with the regulator, which began the registration of the middlemen for property transactions in 2017.