RERA Complaints & Resolutions – What Agents Can Learn

0
2K

RERA Complaints & Resolutions – What Agents Can Learn

RERA provides a structured framework for addressing real estate disputes, ensuring consumer protection and regulatory compliance. Understanding how complaints are handled helps agents build credibility and avoid legal risks.

Common Complaints Filed Under RERA

Project Delays – Homebuyers can seek compensation or refunds if delivery deadlines aren’t met.
Misrepresentation – False advertising or misleading claims by developers or agents can lead to legal penalties.
Non-Compliance with Agreements – Buyers can file complaints if builders fail to deliver promised amenities or layouts.
Fund Mismanagement – Developers must deposit 70% of project funds into an escrow account—misuse can result in action.

Resolution Process & How Agents Can Assist

Complaints are filed on state-specific RERA portals, requiring legal documents like agreements and payment records.
RERA authorities review complaints and may schedule hearings between buyers and developers.
Agents should guide clients through filing accurate complaints and tracking updates on case progress.  If unresolved, buyers can escalate the issue to the RERA Appellate Tribunal or Consumer Courts.

 Key Lessons for Agents

Always verify project approvals before marketing properties.
Ensure transparency in transactions—misleading clients leads to legal issues.
Educate buyers on their rights under RERA for safer investments.
Maintain ethical practices to avoid penalties or revoked registrations.

Agents play a critical role in preventing disputes and ensuring compliance. Learning from RERA complaint resolutions helps them maintain ethical business conduct and support buyers in making informed decisions.

Search
Categories
Read More
NexMates
Helping Your Parents Book a Doctor from Their Village? Now Possible!
Worried about your parents struggling with medical help in your hometown? With NexMates, you can...
By NexMates 2025-07-02 05:54:28 0 740
Legal
Legal Due Diligence in Real Estate: When, Why & How
Legal due diligence is a must-do before buying, selling, leasing, or investing in property. It...
By PROPLegal 2025-07-03 13:07:29 0 1K
Loans
Benefits and Process for Buyers Seeking Pre-Approved Loans
A pre-approved loan is a financing option where a lender evaluates and sanctions a specific loan...
By PROP Loans 2025-04-27 05:23:20 0 2K
NexMates
Berry Bomb Ice Cream Facial – Cool, Bright & Berry-Fresh Skin
Treat your skin to a burst of cooling refreshment with our Berry Bomb Ice Cream Facial — a...
By NexMates 2025-07-10 07:27:21 0 4K
PropMates
“Skip the Middleman. Talk Straight. Earn Better.”
between too many brokers, missed calls, misquotes, and unclear timelines. That’s why...
By PropMates 2025-06-19 11:27:38 0 960
PROPIINN | IINNSIDE https://agent.propiinn.com