What are the roles and responsibilities of real estate agents under Haryana RERA?

What are the roles and responsibilities of real estate agents under Haryana RERA?

Published At July 26, 2024

Answer

Under Haryana RERA, real estate agents have several roles and responsibilities aimed at ensuring transparency and accountability in the real estate sector. These roles are crucial for maintaining the integrity of transactions and protecting the interests of buyers and sellers alike.

  • Registration and Compliance: Every real estate agent must be registered with Haryana RERA. They are required to quote their registration number on all transactions. This ensures that all activities are tracked and comply with regulatory standards​​.
  • Accurate Information and Documentation: Agents must provide all relevant information and documents to buyers at the time of booking any property. This includes legal documents, project details and any other information the buyer is entitled to.
  • Avoidance of Unfair Trade Practices: Real estate agents are prohibited from engaging in unfair trade practices. This includes making false statements about the quality or status of services, misrepresenting affiliations or approvals and publishing misleading advertisements. They must ensure that all their communications and promotional materials are truthful and accurate​​.
  • Ensuring Project Registration: Agents are not allowed to facilitate the sale or purchase of properties in projects that are not registered with Haryana RERA. This is to ensure that all projects meet the required regulatory standards and provide a safeguard for buyers​​.
  • Additional Duties: Real estate agents must comply with any other functions and duties prescribed by Haryana RERA regulations. This may include adhering to specific reporting requirements and cooperating with inspections and audits conducted by the authority.