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Filing of Application for RERA Registration
Secure RERA Number and Certificate
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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.
Non Agricultural Certificate or NA Order
Pan card of Company and Promoter
Sale Deed of land
Legal Title Report
Declaration in Form B
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.
Ans: The Real Estate Bill was passed by the Rajya Sabha on 10th March, 2016 and the Lok Sabha on 15th March, 2016. The Bill as passed by the Parliament was assented to by the HonÃÂ¢Ãâ¬Ãâ¢ble President on 25th March, 2016. The Act as assented to by the HonÃÂ¢Ãâ¬Ãâ¢ble President was published in the Official Gazette on 26th March, 2016 for public information. All the sections of the Act came into force from 1st of May, 2017.
Ans: The Karnataka Real Estate (Regulation and Development) Rules, 2017 were published in the Official Gazette dated 24th October, 2016 in part I of the Karnataka Gazette (Extra Ordinary Number 1193). Subsequently, Karnataka Real Estate (Regulation and Development) Rules, 2017 were approved by the State Government and notified on 10th July, 2017 effective when it came into force.
Ans: The promoter can pay a registration fee by way of demand draft or bankerÃÂ¢Ãâ¬Ãâ¢s cheque on any scheduled band or co-operative bank or through online payment mode
Ans: The real estate agent shall pay a registration fee at the time of application for registration by way of a demand draft or a bankers cheque drawn on any scheduled Bank or a co-operative Bank or through online payment, as the case may be, for a sum of Twenty five thousand rupees in case of the applicant being an individual or Two Lakhs rupees in case of the applicant other than an individual
|Real Estate (Regulation & Development Act, 2016 )||Download PDF|
|Real Estate Regulation & Development Rules 2017||Download PDF|
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