Registrations of Real Estate Agents and their Obligations – Goa RERA Circular F.No: 3/RERA/Off. Matters/2019/117 dated 14.02.2020

Goa Real Estate Regulatory Authority
Department of Urban Development
Government of Goa

F.No: 3/RERA/Off. Matters/2019/117

Date: 14.02.2020

Circular

Sub: – Registration of Real Estate Agents and their Obligations.

As per Section 9 of Real Estate (Regulation and Development) Act, 2016 and Rules there off, prior registration of Real Estate Agents with Goa Real Estate Regulatory Authority (Goa RERA) is mandatory for facilitating sale or purchase of a plot or apartment in a real estate project in any planning area registered with Goa RERA.

2. Therefore, all real estate agents who desire to facilitate sale or purchase of plot or apartment in a registered real estate project should have a registration number issued by the Goa RERA.

3. All promoters/builders/co-owners/ are hereby directed to ensure sale or purchase of plot or apartment in a real estate project registered with Goa RERA only through a registered real estate agent.

4. Similarly, all prospective buyers or purchasers or allotees are hereby advised to enter into any business transaction with only registered real estate agents with RERA for sale or purchase of plot or a flat in a registered project under Goa RERA.

5. Further, the real estate agents as provided under section 10 of Real Estate (Regulation and Development) Act, 2016 and rules there off should ensure the following:-

(a) not to facilitate sale or purchase of any plot or apartment or building other than the real estate project in any planning area registered with Goa RERA.

(b) maintain book of accounts, records etc.

(c ) (i) not involve himself in any unfair trade practices either in oral or in writing or by visible representation, such as, false representation of a standard service or grade.

(ii) false representation of a promoter which he actually not.

(iii) makes false or misleading representation regarding services.

(iv) misleading advertisements which are not intended to be offered.

(d) to facilitate allottees to have all information and documents at the time of booking of any plot, apartment or building.

This is issued with approval of the Authority


 


Act wise amended Rules and Regulations are available here: Click here for Rules & Regulation Dashboard.
For Notifications and Circulars, click here.
For bare acts, click here.

Go to Notifications and Circulars Dashboard