The broking industry in India is getting organised and recognised
Real estate agents are essential elements of real estate sector, who connect allottees and promoters and facilitate most of the real estate transactions. The Real Estate (Regulation and Development) Act, 2016 recognizes real estate agents as one of the key stakeholders along with allottees and promoters. Accordingly, every real estate agent is required to be registered with MahaRERA before facilitating the sale or purchase of or act on behalf of any person to facilitate the sale or purchase of any plot, apartment, unit or building as the case may be in a real estate project or part of it being sold by a promoter.
Real estate agents being, the public face and an intermediary between home buyers / allottees and promoters it is essential that real estate agents have comprehensive understanding of the real estate transaction in order to guide the home buyers / allottees through each state or purchase of any plot, apartment, unit or building so an to avoid and misunderstanding and disputes.
Therefore, in order to bring certain level of consistency in the practices of real estate agents and enhance knowledge and awareness of the regulatory and legal framework and procedures, enforcement of code of conduct and with a view to ensure that real estate agents are professionally qualified to help/assist home buyers / allottees, MahaRERA has introduced real estate agent training and certification program.
Eligibility of training
The Training shall be applicable for
- All individual real estate agents in case of individuals and authorized signatory (authorized for making application for MahaRERA real estate agent registration) in case of firms/companies/organization (Other than Individuals).
- All employees / staff / officers by whatever designation called working in firms /companies/organizations of real estate agents, who interact with homebuyers / allottees for effecting transactions in real estate projects.
- All real estate agents registered with MahaRERA.
Training curriculum
MahaRERA, in consultation with NAR-INDIA (National Association of Realtors – India), association of homebuyers, association of promoters and All India Institute of Local Self Governance (AIILSG), have developed the curriculum for real estate agent training.
All India Institute of Local Self Governance shall be responsible for updating the Syllabus on regular basis to keep it current.
Training Providers
MahaRERA, through tendering process, has empanelled following four organisations for undertaking training of the real estate agents. The organisations are mentioned as below;
- National Association of Realtors of India
- Rustomjee Academy for Global Careers Pvt. Ltd.
- National Real Estate Development Council
- SIMACES Learning LLP
Training mode, duration & other details
All modes of training shall be made available by the empanelled training providers which shall be as follows:
- Online
- Offline (Physical)
- Hybrid (Online + Physical)
Duration of training shall be minimum 20 hours. Maximum batch size shall be 25-50 candidates per batch. 60% attendance is mandatory for completion of the course and registering for examination.
A candidate can appear for the exam only after successful completion of the training program / course.
IBPS (Institute of Banking Personal Selection) shall be responsible for conduct of the examination(s) though online mode across the state at its centers.
The examination registration process shall commence from May 2023 and examinations shall commence from May 20.
The examination pattern will be Multiple Choice Questions with four options for each question. There shall be tentatively 50 questions (2 marks each) amounting to 100 marks. The passing marks shall be 40 marks.
Examinations shall be held in English and Marathi and the maximum examination fees to be levied for registration shall not exceed Rs. 1500/- (excluding GST).
On successful passing of examination, the candidates shall be provided certification i.e. a Certificate of Competency shall be issued with unique certification number which will be required to be mentioned for registration / renewal or continuation of registration of real estate agents with the Authority.