The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced the results of its 5th Real Estate Agents examination, with 4,165 out of 4,769 candidates passing, reflecting an 87% success rate. This exam saw Sharad Mota from Mumbai and Divyesh Maheshwari from Pune achieving perfect scores. Notably, 196 senior citizens participated, including 12 women. With this latest batch, a total of 13,370 candidates have qualified as real estate agents in Maharashtra. MahaRERA continues to stress the importance of mandatory training and certification, impacting the 47,000 registered agents in the state and ensuring enhanced industry standards.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released the results for the 5th Real Estate Agents examination. Out of 4,769 candidates who took the test, 4,165 have passed, achieving a passing rate of 87%. This result marks a slight decline from previous years, where passing rates were 96% (1st exam), 93% (2nd exam), 89% (3rd exam), and 86% (4th exam).
Among the successful candidates, Sharad Mota from Mumbai and Divyesh Maheshwari from Pune scored 100%, tying for the top position. The examination also saw significant participation from senior citizens, with 196 candidates over 60 years old, including 12 women.
To date, a total of 13,370 candidates have qualified to become real estate agents in Maharashtra. This includes 4,165 from the latest exam, 405 from the first, 2,812 from the second, 4,461 from the third, and 1,527 from the fourth examination.
MahaRERA has emphasised the importance of training and certification for real estate agents. As per the January 10, 2023 order, new and renewing agents must undergo mandatory training and obtain certification. There are approximately 47,000 registered agents in Maharashtra, but 13,785 registrations were cancelled due to non-renewal. Additionally, over 20,000 agents were suspended by April for failing to meet certification requirements, prohibiting them from transacting until they comply.
An 'agent' in the real estate industry serves as a vital link between homebuyers and developers. Agents are frequently the first point of contact for prospective flat owners. They give potential homebuyers with basic project details. Given the importance of agents in the real estate market, they must be well-versed on the rules of the RERA Act. They are expected to have consistent, clear, and reliable preliminary information regarding the developer, project, Agreement for Sale, allotment letter issued after the purchase transaction is registered, carpet area, defect liability term, and so on. Based on this information, a buyer decides whether or not to buy a certain home. To protect the interests of home buyers, MahaRERA has made this training and certification necessary.
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