Legal Role of Real Estate Agents in India: Know Your Boundaries

0
854

Real estate agents aren’t just middlemen—they’re regulated professionals under the RERA Act, 2016. Knowing your legal boundaries is key to building trust and avoiding penalties.

What the Law Says:

  • Agents must be registered with RERA before facilitating any sale in RERA-registered projects

  • Must quote their RERA registration number in all deals and advertisements

  • Can’t promote or sell unregistered projects

  • Must provide accurate project details—no false claims or misleading ads

  • Required to maintain records and documents of transactions

  • Can be penalized or banned for unfair trade practices or non-compliance

 Legal Duties Under RERA:

  • Ensure buyers get all documents they’re entitled to

  • Avoid misrepresentation of approvals, timelines, or amenities

  • Cooperate with grievance redressal if disputes arise

  • Uphold a professional code of conduct

Agents are now part of a regulated ecosystem—with rights, responsibilities, and accountability.

Search
Categories
Read More
Legal
Understanding Encumbrance Certificate (EC): A Must for Buyers
An Encumbrance Certificate (EC) is your proof that a property is free from legal or financial...
By PROPLegal 2025-07-02 05:25:36 0 689
NexMates
Korean Glow Facial – Radiance, the Korean Way
Say goodbye to dull skin and welcome the natural glass-like glow with our Korean Glow...
By NexMates 2025-07-10 06:58:57 0 3K
NexMates
Haircut & Styling at Your Convenience – Only on NexMates!
NexMates, your trusted online services platform, brings professional haircut and styling services...
By NexMates 2025-06-11 05:56:21 0 961
Legal
Resolving Property Disputes in India: Legal & Peaceful Options
Property disputes can be stressful—but India offers multiple legal paths to resolve them...
By PROPLegal 2025-07-03 13:32:50 0 874
Loans
The Impact of RBI Policies on Real Estate Loans
The Reserve Bank of India (RBI) plays a critical role in shaping the real estate market through...
By PROP Loans 2025-04-27 06:15:00 0 2K
PROPIINN | IINNSIDE https://agent.propiinn.com