Buying a property is a significant financial decision, and choosing the right real estate agent is crucial to ensuring a smooth and transparent transaction. In India, the Real Estate (Regulation and Development) Act, 2016 (RERA) mandates that all real estate agents be registered with the respective state’s RERA authority. This article will guide you through checking if a real estate agent is RERA-registered, why it matters, and what steps to take if an agent operates without proper registration.
Understanding RERA and its impact on real estate agents
The Real Estate (Regulation and Development) Act 2016 was introduced to regulate the real estate sector, bring transparency, and protect homebuyers from fraudulent practices. One of the key provisions of RERA is the mandatory registration of real estate agents to ensure accountability and professionalism in the industry.
Key objectives of RERA registration for agents
- Ensure transparency in property dealings.
- Hold agents accountable for misinformation or fraud.
- Establish a standard framework for fair business practices.
- Enable buyers to verify the credentials of agents before engaging with them.
How to check if a real estate agent is RERA registered
Checking the RERA registration of an agent is a straightforward process. Here’s how you can verify their credentials:
1. Visit the official RERA website of the respective state
Each state in India has a dedicated RERA website where buyers can verify an agent’s registration details. Search for your state’s RERA portal (e.g., MahaRERA for Maharashtra, UP RERA for Uttar Pradesh).
2. Look for the ‘Registered Agents’ section
Most RERA websites have a dedicated section for registered agents. Navigate to this section and enter the agent’s name, registration number, or contact details to check their registration status.
3. Verify the agent’s registration number
A RERA-registered agent will have a unique registration number issued by the authority. Ensure the number is valid by cross-checking it on the official portal.
4. Request the agent’s RERA registration certificate
A legitimate real estate agent will readily provide their RERA registration certificate upon request. The certificate contains vital details such as the agent’s name, registration number, and validity period.
5. Check for complaints or penalties
Many RERA websites also list complaints and penalties against agents. Reviewing this information helps you assess whether the agent has been involved in legal disputes or unethical practices.
Why RERA registration matters for homebuyers
Choosing a RERA-registered agent provides multiple benefits, ensuring a secure and legally sound property transaction.
1. Protection against fraud
Unregistered agents may indulge in deceptive practices, such as misrepresenting property details or engaging in unauthorised transactions. RERA registration ensures accountability and legal backing.
2. Legal recourse in case of disputes
Buyers can file complaints with the RERA authority for resolution if an RERA-registered agent engages in unfair practices.
3. Transparency in property dealings
Registered agents must disclose accurate property details, pricing, and legal documentation, ensuring homebuyers make informed decisions.
4. Assurance of professional conduct
RERA registration mandates that agents follow ethical practices, adhere to industry standards, and operate within the law.
Common tactics of unregistered agents
Despite the RERA mandate, many agents continue to operate without proper registration. Here are some common tactics used by unregistered agents to lure unsuspecting buyers:
1. Offering deep discounts
Unregistered agents often promise massive discounts or exclusive deals to attract buyers. However, these deals may involve hidden charges or legal loopholes.
2. Withholding property details
They may avoid sharing complete property details, legal approvals, or documentation to hide discrepancies.
3. Avoiding written agreements
Unregistered agents often rely on verbal agreements to avoid legal liabilities. Always insist on written contracts.
4. Pressuring buyers into quick decisions
They may create urgency by claiming limited availability or rising prices to rush buyers into making uninformed choices.
Steps to take if you find an agent operating without RERA registration
If you come across a real estate agent who is not RERA registered, here are the steps you should take:
1. Refuse to engage with the agent
Avoid proceeding with any transaction or discussion with an unregistered agent.
2. Report the agent to the RERA authority
Most state RERA websites have a grievance redressal mechanism where you can file complaints against unregistered agents.
3. Verify alternatives
Look for RERA-registered agents through the official portal or seek recommendations from reliable sources.
4. Spread awareness
Inform friends and family about the importance of dealing with registered agents to prevent fraudulent transactions.
Additional factors to consider when choosing a real estate agent
Apart from verifying RERA registration, consider the following aspects before finalising an agent:
1. Experience and track record
An agent with substantial experience has a better understanding of the market, negotiation skills, and credibility. Check their past transactions, client reviews, and whether they have successfully handled similar properties. A well-established agent is more likely to provide reliable guidance and ensure a smooth buying or selling process.
2. Knowledge of local market trends
A proficient agent should have an in-depth understanding of property demand, pricing trends, and upcoming developments in the area. Their insights help buyers find properties with good investment potential and ensure sellers get the best possible deal. Ask about recent transactions in your preferred location to gauge their expertise.
3. Transparency in fees and commissions
Some agents charge hidden fees or inflate commissions, which can increase the overall cost of your property purchase. Ensure the agent provides a clear breakdown of their commission structure, brokerage fees, and any additional charges. A trustworthy agent will be upfront about costs and won’t pressure you into unnecessary expenses.
4. Communication and professionalism
A good agent should be prompt, responsive, and proactive in keeping you informed throughout the transaction process. They should listen to your requirements, provide honest advice, and address concerns without hesitation. Professionalism also reflects in their ability to handle negotiations and legal formalities efficiently without misleading the buyer.
Housing.com POV
Verifying a real estate agent’s RERA registration is critical to ensuring a safe and legally compliant property transaction. Homebuyers can avoid fraudulent agents and make informed decisions by following the steps outlined in this guide. Always prioritise transparency, legality, and professionalism when selecting a real estate agent to safeguard your investment and secure a hassle-free home-buying experience.
By keeping these guidelines in mind, homebuyers can confidently navigate the real estate market and protect themselves from potential risks associated with unregistered agents.
FAQs
How can I verify a real estate agent’s RERA registration online?
Visit your state’s official RERA website, navigate to the ‘Registered Agents’ section, and enter the agent’s name or registration number to check their status.
What details should a RERA registration certificate contain?
It includes the agent’s name, unique registration number, validity period, and issuing authority details.
What if a real estate agent refuses to show their RERA certificate?
Avoid dealing with them and report the agent to the respective state’s RERA authority for operating without compliance.
Can a real estate agent operate legally without RERA registration?
No, RERA mandates all agents involved in property transactions to be registered. Unregistered agents are not legally authorised to operate.
How can I check if complaints have been filed against an agent?
Most RERA portals have a section listing complaints and penalties against registered agents. You can search by the agent’s registration number.
What are common tactics unregistered agents use to deceive buyers?
They often offer unrealistic discounts, avoid written agreements, hide property details, and create urgency to pressure buyers into quick decisions.
What action can I take if I find an unregistered agent operating?
Report them to the state RERA authority, refuse to engage in transactions, and spread awareness about the risks of dealing with unregistered agents.
