Real Estate Agent Registration in
Bihar

Starts at Rs. 3000 /-

(Takes 5-7 days)

  • Filing of Application for RERA Registration

  • Secure RERA Number and Certificate

  • Dedicated manager to process your RERA registration end to end

  • Completely Online– No need to visit office

  • Please note that Certificate of Competency is mandatory.

Register as an Agent

Overview

Real estate agents are the heart of real estate industry . They are the mediators facilitating transactions between builder and buyer . With RERA, that will soon come into force, all brokers will have to be mandatorily registered with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be quoted in every transaction facilitated by him.


Real estate agents will also be penalized if they will falsely represent any information regarding project to buyers. Penalty will extend upto Rs 10,000 per day and maximum 5% of total project cost. Real estate agent is also required to keep books of accounts of the projects they are indulged in and are answerable for them.

Documents Required for Registration

  • Pan Card of real estate agent /partners

  • Aadhar card of real estate agent /partners

  • Photograph of real estate agent /partners

  • Registration proof (Partnership Deed or COI in case of Company)

  • Business Pan card (in case of partnership & company)

  • Particulars of registration including the bye-laws, memorandum of association, articles of association etc

  • The authenticated copy of the address proof of the place of business.

RERA Government Fees

Particulars Govt. Fees(in Rs.)
RERA Registration for Individual 10,000
RERA Registration for other than Individual 50,000

Timeline for RERA Registration

As per the act, the RERA certificate will be issued in 30 days by the RERA department. However, in some cases, it may come earlier or with some delay.

FAQ's on RERA Registration

Ques 1: Can the period of registration granted to a real estate project by the Regulatory 38. Authority be extended? What is the definition of force majeure?

Ans: Section 6 envisages two situations within which the registration granted to a project can be extended. Extension of registration can be granted in case of force majeure, in addition, it can also be granted under reasonable circumstances, without the fault of the promoter, which shall not be more than a maximum period of 1 year. Explanation to section 6 has defined force majeure to mean ‘a case of war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project’.

Ques 2: What are the important functions and responsibilities of the promoter after registration of the project with the Authority?

Ans: As per section 11 of the Act, the promoter is required to update all project information as furnished at the time of application (as provided under section 4) on the website of the Authority. In addition, section 11 also provides for certain information, which needs to be regularly (quarterly) updated by the promoter, in order to make an informed choice by the buyer. In addition, the promoter is required to carry out all the responsibilities as envisaged under section 11 at various stages of development of the project and upon its completion.

Acts & Rules in Bihar

The Real Estate (Regulation & development) Act, 2016 Download PDF
The Real Estate (Regulation & development) Rules, 2017 Download PDF

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