The Assam Real Estate (Regulation and Development) Rules, 2017, were formulated under the Real Estate (Regulation and Development) Act, 2016, to regulate the real estate industry and protect the interests of homebuyers. The Assam RERA is responsible for the registration of real estate agents, promoters, and projects in the state. In this article, we will provide a comprehensive guide to the registration process for real estate agents under the Assam RERA.
Step 1: Visit the official website of Assam RERA
To start with the registration process, visit the official website of Assam RERA (https://rera.assam.gov.in/). On the homepage, click on the ‘Registration’ tab and select ‘Real Estate Agent’ from the dropdown menu.
Step 2: Fill in the registration form
Once you have selected the ‘Real Estate Agent’ option, you will be redirected to the registration form. Fill in the required details, such as personal information, business details, and contact information. Make sure that all the details are accurate, as any incorrect information may lead to rejection of the application.
Step 3: Upload the necessary documents
Upload the necessary documents, such as PAN card, Aadhaar card, and photograph. Also, upload documents related to the business, such as registration certificate and PAN card. The following are the documents required for registration as a real estate agent under the Assam RERA:
- PAN card
- Aadhaar card
- Registration certificate
- PAN card of the business
Step 4: Pay the registration fee
Pay the registration fee online through the Assam RERA website. The registration fee for real estate agents is Rs. 10,000.
Step 5: Submit the application
After filling in all the required details and uploading the necessary documents, submit the application. Upon successful submission, you will receive an acknowledgement receipt with a registration number.
Penalties for Non-Registration
Real estate agents who fail to register under the Assam RERA may face penalties. The penalty may vary from Rs. 50,000 to Rs. 10 lakhs, depending on the severity of the offence. In addition, the agent may not be able to sell or advertise any property until registration is completed.
Benefits of Registration
Registering under the Assam RERA is a crucial step for real estate agents in the state. It not only helps in building credibility but also ensures that the agent follows the guidelines and regulations set by the government. The following are some of the benefits of registering under the Assam RERA:
- Credibility: Registration under the Assam RERA builds credibility and trust among homebuyers and other stakeholders in the real estate industry.
- Legal Protection: The Assam RERA provides legal protection to homebuyers and real estate agents. It ensures that there is transparency and fairness in the industry, and that all parties are protected.
- Better Business Opportunities: Registered real estate agents have better business opportunities as they are recognized by the government and are more likely to be preferred by homebuyers.
- Professionalism: Registration under the Assam RERA ensures that real estate agents follow ethical and professional practices, and maintain transparency in their dealings with homebuyers.
The Assam RERA plays a significant role in regulating the real estate industry in the state. The registration process for real estate agents is straightforward, and by following the guidelines provided in this article, agents can register with ease. Registering under the Assam RERA not only builds credibility but also provides legal protection, better business opportunities, and promotes professionalism in the industry.
Note: The information provided in this article about Assam Real Estate Regulatory Authority is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances.
By subscribing to AryaBot, you can receive updates on all RERA-approved projects in your desired area directly on your WhatsApp. AryaBot offers a free list of new RERA-approved real estate developments, so you can stay up-to-date on the latest developments in the area.
Know more about AryaBot at ReunionHQ
Explore the list of new RERA approved projects in Maharashtra.