Certification deadline for MahaRERA real estate agents pushed to 2024

In January this year MahaRERA passed an order making it mandatory for all registered agents to certify themselves by attending a course developed specially for them. Agents were given a deadline of September 1, 2023 to complete the course and appear for the examination. According to official data, a total of 44,858 agents are registered with MahaRERA authorities.

In May, the MahaRERA authorities conducted their maiden certification exam for real estate agents. Out of 457 agents that registered and underwent training, 423 brokers appeared for the exam, and around 405 agents are said to have passed. The subsequent examination resulted in 2,812 agents qualifying for a certification. However, this enthusiasm was short lived.

At the end of the September 1 deadline, only 3,217 agents have been successful in acquiring a certification. This essentially means only 7% of the registered agents under MahaRERA are now eligible for renewal of their registration. The remaining 93% will lose their license (registration) with the authority.

In light of the situation, MahaRERA authorities have announced an extension of the deadline for agents to complete their certification. Agents who failed to clear the examination or did not register to give the examination will now have until January 1 2024 to complete their formalities and re-register with authorities, failing which their registration will be deemed void.

The certification process is designed to equip agents with comprehensive knowledge about the MahaRERA portal. The training includes virtual tours, enabling agents to efficiently access details about promoters, projects, and legal titles. The online test, spanning an hour, evaluates agents on their understanding of the roles and responsibilities of promoters, homebuyers, and agents.

The curriculum was developed with the help of the agencies such as the Institute of Banking Personnel Selection (IBPS) and All India Institute of Local Self Governance (AIILGS).  Four agencies to conduct training, including National Real Estate Development Council (NAREDCO), were given the onus of offering training.

In summary, the journey of certifying real estate agents under MahaRERA has been marked by both challenges and achievements. While the initial certification process saw significant enthusiasm and a commendable number of agents achieving certification, the final figures reveal a need for an extension. With only 7% of registered agents currently eligible for renewal, the extended deadline offers a lifeline for those yet to complete their certification. As the real estate industry evolves, so too must the agents who play a pivotal role within it. The certification initiative serves as a crucial step toward ensuring transparency and professionalism in the sector, ultimately benefiting both agents and consumers alike.

In January this year MahaRERA passed an order making it mandatory for all registered agents to certify themselves by attending a course developed specially for them. Agents were given a deadline of September 1, 2023 to complete the course and appear for the examination. According to official data, a total of 44,858 agents are registered with MahaRERA authorities.

In May, the MahaRERA authorities conducted their maiden certification exam for real estate agents. Out of 457 agents that registered and underwent training, 423 brokers appeared for the exam, and around 405 agents are said to have passed. The subsequent examination resulted in 2,812 agents qualifying for a certification. However, this enthusiasm was short lived.

At the end of the September 1 deadline, only 3,217 agents have been successful in acquiring a certification. This essentially means only 7% of the registered agents under MahaRERA are now eligible for renewal of their registration. The remaining 93% will lose their license (registration) with the authority.

In light of the situation, MahaRERA authorities have announced an extension of the deadline for agents to complete their certification. Agents who failed to clear the examination or did not register to give the examination will now have until January 1 2024 to complete their formalities and re-register with authorities, failing which their registration will be deemed void.

The certification process is designed to equip agents with comprehensive knowledge about the MahaRERA portal. The training includes virtual tours, enabling agents to efficiently access details about promoters, projects, and legal titles. The online test, spanning an hour, evaluates agents on their understanding of the roles and responsibilities of promoters, homebuyers, and agents.

The curriculum was developed with the help of the agencies such as the Institute of Banking Personnel Selection (IBPS) and All India Institute of Local Self Governance (AIILGS).  Four agencies to conduct training, including National Real Estate Development Council (NAREDCO), were given the onus of offering training.

In summary, the journey of certifying real estate agents under MahaRERA has been marked by both challenges and achievements. While the initial certification process saw significant enthusiasm and a commendable number of agents achieving certification, the final figures reveal a need for an extension. With only 7% of registered agents currently eligible for renewal, the extended deadline offers a lifeline for those yet to complete their certification. As the real estate industry evolves, so too must the agents who play a pivotal role within it. The certification initiative serves as a crucial step toward ensuring transparency and professionalism in the sector, ultimately benefiting both agents and consumers alike.