Following the order issued on January 10, 2023, training for obtaining certification for new agent registrations and renewals was delayed. MahaRERA granted several extensions to meet with this requirement. Thereafter, MahaRERA's organised various awareness programs in collaboration with other institutions. Experts and senior figures from the industry from the field provided guidance about a multitude of topics. Then, the agents took a year to obtain the mandatory certificates, explained a MahaRERA official.

A year from issuing mandatory certification order, MahaRERA resolved not to allow new agent registrations or renewals without this certification. Developers were also instructed to engage with only trained and certified agents for their operations post-January 1, 2024. January 2024’s order also explicitly stated action on failure to comply, the official added.

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TOUGH ACTION

As some developers did not adhere to MahaRERA’s directives, as mentioned in the order, despite regularly highlighting the same, it was found necessary to initiate tough action.

The action can include rejection of project’s registration application or revocation of existing registration or imposition of penalty.

AGENTS CRUCIAL

Having 'agents' in a stable real estate sector is crucial for homebuyers and developers, alike. Often, agents are the first point of contact for homebuyers and the agent introduces them to the projects. Even the receive primary information of a housing project through the agents.

Hence, agents are an integral part of a stable real estate sector and they need to be aware of the importance of RERA regulations. They must be knowledgeable about various aspects such as project credibility, validity of land rights, RERA-compliant carpet area, commencement certificate, local authority approvals, potential litigations, and financial capabilities of developers. Customers make home buying decisions based on this information. Therefore, MahaRERA has made it mandatory for agents to obtain certification after training to ensure customer satisfaction, the officer concluded.