Rera Registration

How to Obtain Real Estate Agent Registration in MP?

Real Estate Agent Registration in MP
Shivani Jain
| Updated: Nov 19, 2020 | Category: Rera

Real Estate Agents are the heart and soul of the Real Estate Industry. They act as the Mediators for facilitating transactions between a builder and buyer. Further, “Madhya Pradesh” is one of those states that is actively implementing rules and regulations of the Real Estate Act 2016. And as per the provisions of MPRERA, it is mandatory for the brokers to obtain Real Estate Agent Registration in MP.

In this blog, we will discuss the concept and process to obtain Real Estate Agent Registration in MP.

Objectives of RERA in Madhya Pradesh

The key objectives of MPRERA are as follows:

  1. Establishes a mechanism for Speedy and Quick Redressal of the Complaints lodged; 
  2. Ensures that all the Required Documents and Disclosures Norms are properly complied by the Promoters;
  3. ProvidesGuidance, Support, and Assistance to the Government on the issues concerning the Development and Progress of the Real Estate Sector;

Benefits of RERA in Madhya Pradesh

The benefits of implementing RERA in MP are as follows:

Benefits of RERA in Madhya Pradesh

On-Time Delivery

One of the major benefits of implementing RERA in Madhya Pradesh is that it stipulates heavy penalties on the Promoters and Developers if in case they cause an unnecessary or intentional delay in the delivery of the real estate project. 

Offers Guarantee

All the real estate projects registered under the RERA in MP have a five-year guarantee concerning their sound construction and quality.

No Misleading Advertisements

As per the provisions of MPRERA, no Promoter/Developer/Builder is allowed to advertise and promote its real estate project before obtaining RERA Registration with the regulator.

Forms Required to Obtain Real Estate Agent Registration in MP

The Forms required to obtain Real Estate Agent Registration in MP are as follows:

  1. Form G: For Filing the Application to obtain Real Estate AgentRegistration in MP
  2. Form H: For Filing the Certificate of Real Estate Agent Registration in MP;
  3. Form I: For Intimating Revocation or Rejection of the Registration of Real Estate Agent;
  4. Form J: For Filing the Application for the Renewal of Real Estate Agent Registration in MP;
  5. Form K: For Filing of the Renewal of Real Estate Agent Registration in MP;
  6. Form L: For Filing of an Appeal to the Appellate Tribunal;
  7. Form M: For Filing of the Complaint to the RERA Authority in MP;
  8. Form N: For Filing of the Complaint to the Regulatory Authority in MP;

Documents Required for Agent Registration in Madhya Pradesh

The documents required for Agent Registration in Madhya Pradesh are as follows:

  1. PAN Card of the Partner or Real Estate Agent;
  2. Aadhar Card of the Partner or Real Estate Agent;
  3. Latest Passport sized Photograph of the Partners or Real Estate Agents;
  4. Proof of Registration: Partnership Deed in case of a Partnership Firm;
  5. Proof of Registration: COI (Certificate of Incorporation) in case of a Company;
  6. MOA (Memorandum of Association)/AOA (Articles of Association) in case of a Company;
  7. Business PAN Card both in the case of Partnership and Private Company;

Also, Read: RERA Registration for Real Estate Projects

Process to Obtain Real Estate Agent Registration in MP

The steps involved in the process to obtain Real Estate Agent Registration in MP are as follows:

Real Estate Agent Registration Process

Visit the Official Website

In the first step, the applicant or the agent requires to visit the Official Portal for Madhya Pradesh RERA Portal at[1].

Portal for Madhya Pradesh RERA

Click on Registration

In the next step, the applicant needs to select the second last option available on the dashboard, i.e., Registration. Now, click on the option “Agent Registration” available on the drop-down menu.

click on the option “Agent Registration”

Instructions for Real Estate Agent Registration

After clicking on the tab, the applicant will be directed towards a new page wherein instructions concerning the filing of RERA Web Application can be found.

filing of RERA Web Application

Click on Proceed

Now, on the same page, select the option “proceed”, located at the end of the RERA Web Application Instruction Manual.

ERA Web Application Instruction Manual

Agent Registration

Now, in the next step, the applicant will be redirected to a new webpage, named as “Agent Details”. Over here, the user needs to fill in the details, such as follows:

  1. Applicant Type
  2. PAN Number
  3. Name
  4. Father’s Name
  5. Aadhar Number
  6. Email
  7. Mobile Number
  8. Type of State
  9. District
  10. Tehsil
  11. Registered Office Address

Also, the applicant/agent requires to upload the necessary documents, such as follows:

  1. PAN Card Copy;
  2. Latest Passport sized Photograph;
agent requires to upload the necessary documents

Tick Declaration and Save

Now, the applicant or agent requires to tick the declaration statement and click on the option “Save” to proceed further for making payment.

click on the option “Save” to proceed further for making payment

Make Payment

Now, the applicant requires to press the button “Make Payment” to proceed further for payment. After that, click on the option “Confirm” to complete the process of real estate agent registration in MP.

Fee Structure for Agents under RERA in Madhya Pradesh

Particulars Government Fees(in Rs.)
RERA Registration Government Fees for Individuals Rs 10000
RERA Registration Government Fees for any person other than Individual Rs 50000

Validity of Real Estate Agent Registration under RERA in MP

If in case the details and information given are correct and true as per the guidelines and directions issued, the regulatory authority will grant a Certificate of Registration (COR) to the said Real Estate Agent, which will remain valid for a period of 5 years.

Further, it shall be mandatory for every Real Estate Agents to quote his/ her registration number in every transaction facilitated by him/her.

Process to Search Registered Real Estate Projects

The steps involved in the process to search registered Real Estate Projects are as follows:

Visit the Official Website

In the first step, the applicant or the agent requires to visit the Official Portal for Madhya Pradesh RERA Portal.

Official Portal for Madhya Pradesh RERA

Click on Projects

In the next step, the applicant needs to select the sixth last option available on the dashboard, i.e., Projects. Now, click on the option “Registered Projects” available on the drop-down menu.

After that, select the option “Completed Projects” to get an overall list of the projects that are successfully registered.

projects that are successfully registered

Completed Projects

After selecting the option “Completed Projects”, the applicant will be re-directed a new webpage, wherein he/she can find a complete list of the projects that are successfully registered.

selecting the option “Completed Projects”

Conclusion

In a nutshell, the main aim behind the implementation of MPRERA or RERA in Madhya Pradesh was to curb the unethical behaviour of the real estate developers/promoters, or real estate agents and to safeguard the interest of homebuyers as well.

Moreover, the same works as a shield against the wrong doings and misconduct in the Real Estate Industry and reduce the count of the rabble-rouser and fly-by-night operators as well.

Also, Read: How to Register a Project under RERA in Madhya Pradesh?

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Shivani Jain

Shivani has completed her B com LLB (Hons) and has the experience of writing various research papers during her college time. Earlier she was working as an Associate in a Delhi based Law Firm, but her interest in writing made her pursue Legal Content Writing as a career. Her core area of interest is in writing about various legal enactments, tax, and finance.

Rera Registration Footer

No Comments

Leave a Reply

 

Related Articles

RERA Registration Fees Structure
Dashmeet Kaur
| Date: Dec 19, 2019 | Category: Rera

What is RERA Registration Fees in India?

The Real Estate sector dominates the growth of India’s economy with up to 11 % contribution to the GDP. Any lapse in the industry of Real Estate can majorly affect...

Read More
RERA in Tamil Nadu
Shivani Jain
| Date: Oct 28, 2020 | Category: Rera

Process to Register & Check Status under RERA in Tamil Nadu

The Tamil Nadu Real Estate Regulatory Authority or RERA in Tamil Nadu popularly called TNRERA came into force when the state government approved the Tamil Nadu RERA Rules in Tamil...

Read More
RERA in HP
Shivani Jain
| Date: Aug 01, 2020 | Category: Rera

RERA in HP: How to Register a Real Estate Project and Agent?

The main aim behind the establishment of RERA in HP was to give a boost to the state’s Real Estate Sector. By this decision, the government has opened the gateway...

Read More

ARTICLES

Hi! My name is Akanksha! Let's talk.