Telangana RERA's Chairman, N Satyanarayana, has revealed that the organization is in the process of developing a comprehensive module for aspiring property agents. Engaging various stakeholders, the initiative aims to enhance the credibility of realtors, who frequently represent property transactions. This move underscores the significance of agents in property deals and their pivotal role in maintaining transparency and trust within the real estate sector. Collaboration with industry associations and premier institutions is underway to ensure smooth implementation and promote transparency within the sector.
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In a move aimed at enhancing professionalism and credibility within the real estate sector, real estate agents in Telangana will soon be required to pass a certification exam and obtain a license to practice. The new regulation will also mandate existing agents to undergo the test when renewing their licenses.
N Satyanarayana, Chairman of Telangana RERA (Real Estate Regulatory Authority), announced that the organization was in the process of finalizing the certification module. Various stakeholders have been engaged in the development of this initiative, which seeks to elevate the reliability of real estate agents, often regarded as the public face of property transactions.
While currently only implemented in Maharashtra, the chairman of TS-ERA expressed interest in replicating the Maharashtra model. He emphasized that the goal is to administer a training program for real estate agents followed by an online certification test. Successful candidates will be awarded a certificate, boosting their credibility.
Discussions are ongoing with the Hyderabad Realtors Association (HRA) and the Advocates Association for Social Responsibility and Awareness (AASRAA) to fine-tune the proposal's details and support its implementation. Premier educational institutions are also being considered to provide training and conduct the certification exam, with plans to offer the program in both English and Telugu.
Members of the HRA welcomed the initiative, believing it will foster transparency and trust within the real estate sector. Sarith Jonnala, President of HRA, expressed the association's commitment to collaborating with RERA to ensure the successful rollout of the certification system.
Drawing inspiration from the Maha RERA model in Maharashtra, where property agents are required to complete a day-long certification course and pass an exam to begin practicing, the Telangana system aims to maintain industry standards. The resulting license will be valid for five years.
Ravi Varma, Chairman of the National Association of Realtors, India, praised the Maharashtra system's success and encouraged other states to follow suit. He noted that this approach not only elevates the profession's credibility but also equips agents to be trustworthy representatives in property transactions.
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