FAQ

Yes. After the implementation of the Real Estate (Regulation and Development Act), 2016 (RERA) across the country, real estate brokers must get a license to operate in the sector.

To become a property dealer in India, it is necessary to obtain registration under RERA (Real Estate Regulatory Authority). The Real Estate (Regulation and Development) Act 2016 has regulated and organized real estate businesses so as to facilitate home buyers and agents alike in their transactions. The RERA registration process and its fees vary across states. In Tamil Nadu goverment charges Rs 25,000 for agents and Rs 50,000 for builders as Registration fees for the period of 5 years.

If you’re keen to find out how to become a real estate agent in India, you should know that the first step is to get registered. According to the Real Estate Regulation and Development Act (RERA) 2016, it is mandatory for every real estate agent to get a registration certificate and license in order to carry out his/her business. The main objective of this is to regulate the real estate sector and make the processes more transparent. 
RERA guidelines say that any agent without registration will be prohibited from operating his/her business. It also says that the agent will be responsible for any errors in the project, and he or she can be prosecuted in the event of misconduct. 
This way, a client can trust an agent with property transactions without the fear of being misled because a registered agent will be fully involved in the project and liable for anything that goes wrong.

The Real Estate (Regulation and Development) Act 2016 launched the Real Estate Regulatory Authority (RERA) with the aim to enhance transparency and accountability in real estate transactions and organize the whole process. The Act requires every real estate agent to register with their state’s respective real estate regulatory authority to procure a RERA registration number/license. Once issued, the license will be valid for five years. 
As per RERA guidelines, a RERA registered/licensed real estate agent shall not facilitate the purchase/sale of any unregistered property. obey the rules stated in the Act. not indulge in any unfair trade practices such as making a statement (orally or in writing) that is false and misleading or allowing the advertisement of services that will most likely not be offered. 
facilitate the possession of all the documents and information that the homebuyer is entitled to at the time he/she books any apartment, plot, or building. RERA Act regulates real estate transactions and ensures that home buyers have access to licensed, responsible agents without having to worry about being misled or cheated. Security, fairness, authorization, transparency, and quality are all taken care of by RERA. It offers a number of benefits to the promoter, the buyer, and the real estate agent as well. 

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