If you’re planning to buy or sell a property, working with a RERA-registered real estate agent can offer you many benefits. Real Estate Regulatory Authority (RERA) is a government regulatory body that oversees and regulates real estate activities in India. RERA registration ensures that the real estate agent you’re working with adheres to specific standards and follows ethical practices. In this article, we’ll discuss the various advantages of working with a RERA-registered real estate agent.
Understanding RERA and its importance
Before diving into the advantages of working with a RERA-registered real estate agent, let’s first understand what RERA is and why it’s essential. RERA is a government regulatory authority established in 2016 to regulate the real estate sector and promote transparency, accountability, and efficiency in real estate transactions. RERA registration is mandatory for all real estate agents and brokers who want to practice in the Indian real estate market.
Advantages of working with RERA-registered real estate agents
Here are the various advantages of working with a RERA-registered real estate agent:
1. Legal compliance and transparency
RERA registration ensures that the real estate agent you’re working with adheres to legal compliance and transparent practices. They have to disclose all the necessary details regarding the property to their clients and follow all the regulations set by RERA. This ensures that you don’t face any legal issues or fraudulent activities in your real estate transactions.
2. Knowledge and expertise
RERA-registered real estate agents have to undergo mandatory training and certification programs to acquire knowledge and expertise in real estate. This means that they are well-versed in the legal, technical, and financial aspects of real estate transactions. They can guide you through the entire process, from property search to registration, and provide you with valuable insights and advice.
3. Professionalism and ethical practices
RERA registration ensures that the real estate agent you’re working with follows ethical practices and maintains professionalism. They have to adhere to a code of conduct set by RERA, which includes transparency, honesty, and fairness in their dealings with clients. This means that you can trust them to provide you with accurate and reliable information and negotiate on your behalf.
4. Access to verified information and properties
RERA-registered real estate agents have access to verified information and properties listed on the RERA website. This means that you can be sure that the properties they show you are genuine and that the information they provide is accurate. They can also help you with property search and shortlisting, making the entire process more efficient and hassle-free.
5. Protection of your interests
Working with a RERA-registered real estate agent ensures that your interests are protected. They have to maintain complete transparency in their dealings with you and ensure that you’re fully informed about all aspects of the property. They can also help you with legal documentation and ensure that all the necessary procedures are followed.
Working with a RERA-registered real estate agent can provide you with many advantages, from legal compliance and transparency to access to verified information and protection of your interests. It’s essential to choose a reliable and trustworthy real estate agent who is RERA-registered to ensure a smooth and hassle-free real estate transaction.
Prestige Park Grove is an upcoming township launched by the Prestige Group.