What is a real-estate agent under RERA?
RERA defines a real-estate agent broadly around persons who facilitate or negotiate qualifying property transactions for remuneration and includes brokers, property dealers and similar intermediaries.
Why this matters
- Helps professionals understand the regulatory meaning of their role.
- Helps consumers distinguish an informal description from the statutory concept used by RERA.
Why professionals should care
RERA can impose registration and conduct requirements on real-estate agents in relation to registered projects, subject to the Act and applicable state rules. Professionals should verify the requirements of the relevant state authority.
Why consumers should care
When dealing with a professional in a RERA-regulated transaction, users can check the relevant authority portal for registration information where the state portal provides it.
Investor Setu perspective
Professional trust improves when identity, role and regulatory status can be checked through authoritative records rather than assumptions.
Sources
The Real Estate (Regulation and Development) Act, 2016