The Real Estate Regulatory Authority (RERA) establishes clear rules for builders and developers, ensuring transparency, accountability, and fair practices in real estate transactions. As an agent, you must verify compliance to protect buyers and maintain ethical dealings.

 Project Registration & Approval

Builders must register all projects above a certain area threshold with RERA before advertising or selling.
Agents should verify the project's RERA number through official portals before promoting it.
Developers must disclose legal approvals, financial status, and project timelines—agents should cross-check this data.

 Adherence to Project Timelines

 Developers must complete projects within the promised timeframe—delays may result in penalties.
 If a delay occurs, buyers are entitled to compensation—agents should inform clients of their rights.
Agents should track project progress via RERA updates and keep buyers informed.

Fund Management & Escrow Rules

Builders must deposit 70% of project funds into an escrow account, ensuring money is used only for the registered project.
Agents should educate buyers about financial security measures under RERA, preventing fraud.

Transparent Marketing & Advertising

Developers cannot advertise unregistered projects—agents must check compliance before promoting properties
Any marketing claims must align with project approvals—false promotions can lead to legal action.
Agents should ensure brochures, digital ads, and verbal commitments match actual project details.

 Consumer Rights & Grievance Redressal

Buyers can file complaints against developers or agents for misleading practices.
Agents should educate clients about grievance filing procedures on state RERA portals.
Developers must resolve buyer concerns within a specified timeframe, or face penalties.

RERA guidelines safeguard buyers and enhance agent credibility, ensuring ethical real estate practices. Agents play a key role in verifying builder compliance and guiding clients toward secure investments.