Konkan tops MahaRERA agent registrations as total count exceeds 50,000; 37% agents deregistered for not meeting certification or renewal norms.

MahaRERA's groundbreaking mandate requires developers to mention agent commissions, broking fees, and charges in sales agreements with licensed real estate agents. This requirement strengthens agents' official roles in transactions and improves openness and accountability in real estate transactions

In a major milestone for Maharashtra's real estate sector, 87% of fifth MahaRERA real estate agents' test applicants passed. Out of 4,769 applicants, 4,165 are certified, expanding the state's real estate agent pool.

Promoters must now use only qualified and certified real estate agents under MahaRERA. This guideline protects homebuyers and the real estate industry. Non-compliance might lead to project registration rejections, registration revocations, or promoter fines.

A tribunal for property-related appeals in Mumbai has upheld Maharashtra's real-estate authority's 2019 decree requiring property-listing websites to register as agents with the state regulator.

Real estate agents, the intermediaries between property searchers and owners, will soon be required to take examinations and get a licence in order to practise.