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In India, the real estate industry is continuously expanding, making it easier for both buyers and sellers to sell and purchase property, which benefits both parties. Sellers sell their property, buyers get the property without roaming here and there too much for it, and real estate brokers receive their compensation. After knowing all this, a question can arise in your mind as to why is RERA registration compulsory if everything is already good? You will get the answer below with all the information you need to know about the RERA agent registration. Call us now to avail our RERA registration service
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What Is RERA Agent Registration Online?
Under the Real Estate (Regulation and Development) Act, 2016, the Indian government established RERA (Real Estate Regulatory Authority). It was implemented to control the country’s real estate market. This made having a RERA license agent a necessity for each Real estate broker agency. Agencies without a proper real estate registration cannot commence any advertising, marketing, selling, or investing in any property, including buildings and land. A customer will receive the following perks from this RERA registration process:- Full Transparency
- Reduce the possibility of fraud by encouraging responsibility
- It protects the buyer's and promoter's interests.
Types Of RERA Registration
There are different categories of RERA registration for different purposes. You have to sure about which RERA registration you need according to the nature of your work.RERA Project Registration
- Developers should use this. Any new development must register as an RERA project. You cannot market a residential complex or a business hub without this. This comprises regularisation for ongoing projects without a completion certificate and RERA new project registration for impending launches.
RERA Broker Registration- Brokers are the bridge between buyers and builders. Rera agent registration ensures that this bridge is solid. If you are facilitating a sale, you must hold a valid RERA real estate license. This is for both individuals and companies. The real estate agent registration process checks the agent's background, ensuring only legal professionals operate.
RERA Company Registration- RERA Builder registration has become a necessity for construction firms; it is the first thing they need to have to start the firm. With RERA company registration, this often overlaps with where the entity itself is registered. If you are running a property firm, real estate company registration under RERA is mandatory to establish your legal standing.
Individual RERA Registration- Not all agents are associated with big agencies. Solo practitioners are served by individual RERA registration. In a similar vein, a broader range of intermediaries is covered by RERA broker registration. To properly collect your broking fees, you must apply for an RERA individual agent registration, even if you are a part-time consultant.
Choose Legal Infinix for RERA certificate apply online.
Why Is RERA Agent Registration Important?
After the 2016 RERA Act, the registration of real estate agents has become mandatory; without the RERA registration agent, no real estate agent can legally operate. They must have the RERA agent registration; if not, then they have to apply for a new RERA registration certificate. Real estate license registration from the operating state is important to provide Real estate services in the specific state.Benefits Of RERA Registration Online
- Protecting the rights of homebuyers who are losing money on real estate transactions is the primary goal of the RERA registration service.
- Transparency has become crucial in real estate transactions as a result of builder RERA registration; builders are required to provide consumers with project specifics.
- It shields consumers from deceptive advertising and fraud.
- Online RERA registration has accelerated the complaint-handling process.
- Because RERA project registration offers complete accountability, builders and agents are legally liable for their commitments.
- By requiring builders to deposit 70% of the buyer's funds into a different bank account, RERA property registration protects the buyer's money and restricts its use to that particular project, mostly for land and construction expenses.
Documents Required For RERA Registration
Must check all the documents before the final submission to avoid rejection because of any false or missing documents. We have listed all the required documents for the RERA License apply process:Documents List For Developers And Promoters
For an Individual
- Email id
- Address Proof
- RERA Declaration (as per State norms)
- Mobile number
- PAN Card
- Aadhaar Card
- Photograph
For a Pvt. Ltd. company
- Certificate of incorporation or Business registration document
- PAN of the company/firm
- Address Proof
- List of Directors/Partners
- Board Resolution/Authorisation Letter
- Details of Past Projects (if any)
Documents for specific projects
- Encumbrance Certificate (EC)
- Legal title deed
- Commencement Certificate
- Sanctioned layout and building plan
- Details of development works and amenities
- Cost estimated and funding sources of the project
- Escrow account details (70% fund compliance)
- Consent agreement
- Name and addresses of architects, engineers (associated professionals).
Documents List For Real Estate Registration
- PAN Card
- Personal Address proof
- Business address proof
- Passport-size photo
- ITRs for the past 3 years ( if available)
- Details of any ongoing legal cases
- Self-certified copies of letterheads, stamps, and invoices
- Company documents (if applicable): MOA, AOA, incorporation certificate, etc.
Eligibility Criteria For RERA Registration Agent
- Should be 18+
- Have an Indian citizenship
- Have a valid identification and address proof
If you are feeling that this process of real estate registration is difficult and confusing, then call Legal Infinix and allow us to help you.
How to Apply For RERA Registration Certificate: Step-by-Step Processes
The process of applying for the RERA agent license certificate is state-specific. You can apply for real estate agent registration online to save yourself from any confusion or wrong inputs. Follow this process:- Go to the state RERA Website - Visit the official RERA portal of the state you want to operate in.
- Create an Account - Login as a new user by selecting your desired role, Promoter or Real Estate Agent, and enter all the required details.
- Application form - Promoters: Fill in all the detailed project information, including type, size, location, land ownership, legal title, experience, financial, and timeline. Real estate agent: Provide personal or company details, business address, and professional particulars.
- Upload Documents - Submit mandatory documents depending on the applicant type (see detailed list below).
- Pay registration fee - Pay the registration fee based on the project area (for promoters) or a fixed fee (for agents), and apply.
- Verification & Approval: The authorities will review the application. If everything goes right, then the registration will typically be granted in 15-30 days.
- Receive certificate: After your application is approved, you will receive a unique registration number, a certificate, and login credentials.
This seems like a simple process, but any single mistake can cost you your time and money. Contact Legal Infinix and let our experts help you with the RERA agent registration online.
RERA Registration Fees
The RERA Registration fees change according to the type of RERA registration and state for where you are applying.Fees for promoters/projects:
The Registration costs are totally dependent on the area of the project, often on a per square meter basis. For example:
- The charge for plot development is around Rs. 10 per square meter.
- RERA registration fees for UP are Rs 10 per square meter for residential projects up to 1000 square meters, and Rs 500 per 100 square meters for projects exceeding that area.
Fees for Real estate agents:
- For RERA agent registration of an Individual agent, the charges are between Rs 5,000 and 25,000.
- Firms or companies pay charges starting from Rs 10,000 to Rs 2,00,00.
RERA Registration Validity and Renewal
RERA registration is not a one-time process. It has a defined validity period, requiring renewals to maintain legal compliance.For Promoters and Projects
The project registration shall remain valid for a declared period by the promoter for the completion of the project. The promoters must declare this estimated time for completion at the time of initial project registration. Extension of Registration: In conditions like flood, fire, war or any other natural calamities, the project registration can be extended by one more year.
Renewal Process for Promoters:
- Application through the state RERA portal
- Submit a letter of justification, new project timelines, and any additional documents that may be required
- Pay the renewal fees as prescribed
For Real Estate Agents
Real estate agent registration is usually valid for five years. If agents fail to renew their registration before the expiry date, they have to face legal penalties.
Renewal Process for Agents:
- Log in to the RERA Portal: Candidates need to log in to the RERA portal of their state.
- Fill in the Renewal Application Form: Fill in the online renewal application form.
- Uploading Documents: Candidates need to upload their documents.
- Pay Renewal Fee: Pay the renewal fees online. Fees vary from state to state.
- Submit Application: After filling in all the details, candidates need to submit their application.
- Issuing of Renewal Certificate: Once the application is approved, a renewal certificate is issued to candidates. It can be downloaded from the RERA portal or sent directly to their email.
Penalties & Timeline
- Unregistered Operation: Operating any Real estate work without RERA registration may result in a fine of up to ₹10,000 or 5% of the deal cost.
- Continued Non-Compliance: Non-compliance may result in debarment and legal consequences.
- Overall Processing Time: The RERA registration process typically takes 20 to 30 working days if everything goes fine without any rejections.
Why Choose US?
Legal Infinix offers RERA license registration services for both Promoters/ developers and estate agents. We have a team of professional consultants who can help you with the documentation process, guide you during the filing of a registration, and provide you with all the support for finalising your RERA registration. Connect with us today, and let us help you to get ur RERA agent license as soon as possible.Other Services from Legal Infinix
We manage complete business setup and compliance across India.
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