Tamil-Nadu-RERA-Rules-Real-Estate-Agents

Tamilnadu RERA – Real Estate Agent Rules

Tamilnadu RERA – Real Estate Agent Rules

The following rules have been prescribed under the Tamilnadu RERA Rules with respect to the registration and operations of a real estate agent in Tamilnadu. Click here to read about the procedure for obtaining RERA registration in Tamilnadu for the real estate project.

Registration of Real Estate Agent

Application for registration by the real estate agent:

(1) Every real estate agent required to register under sub-section (2) of section 9 of the Act shall make an application in writing to the Authority in Form G along with the following documents, namely:

  • (a) brief details of his enterprise including its name, registered address, type of enterprise (proprietorship, societies, partnership, companies, etc.)
  • (b) particulars of registration including the bye-laws, or memorandum of association and articles of association, etc. as the case may be
  • (c) photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in case of other entities
  • (d) authenticated copy of the PAN Card
  • (e) authenticated copy of the address proof of the place of residence and business
  • (f) such other information and documents, as may be specified by the Authority in regulations

(2) The real estate agent shall pay a registration fee at the time of application for registration by way of a demand draft drawn on any scheduled bank for a sum of Rs. 25,000 in case of the applicant being an individual, or a sum of rupees fifty thousand in case of the applicant being anyone other than an individual.

RERA Real Estate Agent Registration Certificate

Grant of registration to the real estate agent: Upon the registration of a real estate agent, the Authority shall issue a registration certificate with a registration number in Form H to the real estate agent.

(1) Upon the registration of a real estate agent, the Authority shall issue a registration certificate with a registration number in Form H to the real estate agent.

(2) In case of rejection of the application of registration, the Authority shall inform the applicant in Form I.

(3) The registration granted under this rule shall be valid for five years.

Renewal of RERA Real Estate Agent Registration

Renewal of registration of real estate agent:

(1) The registration granted under section 9 of the Act may be renewed as provided in section 6 of the Act, on an application made by the real estate agent in Form J which shall be minimum one month before the expiry of the registration granted. The Authority may condone the delay for filing the renewal application after the date of expiry upon collection of late fee of Rs.500 and Rs.5000 (10% of renewal fee) in case of individual and other than individual respectively.

(2) The application for renewal of registration shall be accompanied by a demand draft drawn on any scheduled bank, for a sum of rupees five thousand in case of the real estate agent being an individual or rupees fifty thousand in case of the real estate agent being anyone other than an individual.

(3) The real estate agent shall also submit all the updated documents set out in clauses (a) to (g) of rule 11 at the time of application for renewal.

(4) In case of renewal of registration, the Authority shall inform the real estate agent about the same in Form K. In case of rejection of the application for renewal of registration, the Authority shall inform the real estate agent in Form I: Provided that no application for renewal of registration shall be rejected unless the applicant has been given an opportunity of being heard.

(5) The Authority grants the renewal of the registration of the real estate agent, provided that the real estate agent remains in compliance with the provisions of the Act and the rules and regulations made thereunder.

(6) The renewal granted under this rule shall be valid for five years

Cancellation of RERA Registration of Real Estate Agent

Revocation of registration of real estate agent:

The Authority may, for the reasons specified under sub-section (7) of section 9 of the Act, revoke the registration granted to the real estate agent or renewal thereof, as the case may be, and intimate the real estate agent of such revocation in Form I.

Maintenance of Records by RERA Real Estate Agent

Maintenance and preservation of books of accounts, records, and documents:

The real estate agent shall maintain and preserve books of account, records, and documents in accordance with the provisions of the Income Tax Act, 1961 (Central Act 43 of 1961).

Function of RERA Real Estate Agent

Other functions of a real estate agent:

The real estate agent shall provide assistance to enable the allottee and promoter. This is to exercise their respective rights and fulfill their respective obligations at the time of booking and sale of any plot, apartment, or building, as the case may be.

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