The results of the first examination conducted by MahaRera for real estate agents have been announced, and as many as 405 candidates out of 423 who appeared for the exam have passed.
As many as 36 candidates are above the age of 60, besides six are above 70. The oldest candidate is 74 years old. MahaRera is the first regulatory authority in India to make an examination mandatory for agents in the interest of consumers as agents are a vital link between customer and developer. Of the successful candidates, 37 are women.
Agents who want to register with MahaRera have to undergo training and then appear for the exam. About 39,000 agents will have to complete training before September 1. According to MahaRera, clients get the primary information regarding a project from agents.
Considering this, all agents need to know basic information about regulatory provisions, like agreement for sale, allotment letter, area of the flat, defect liability period, etc.