RERA Code of Ethics in Real Estate Industry RERA consultant is offering the services for real estate agents, developers and buyers to buy or sell properties as per RERA guideline.
To work as a real estate agent or registered broker in India, there are many regulations and rules to follow. The principal law regarding practice as a real estate agent in India. Subsequent formalities regarding enrollment in the broker's register have later been devised by RERA. An important part of the law of brokerage is the code of ethics, observing which is mandatory. In essence, the code of ethics for a real estate agent in India is derived from social norms and values that are the heritage of Indian society. For RERA Registration in UP, Delhi or Bihar, you can contact RERA Consultants. A Broker shall be responsible for any losses or damages inflicted on any of the contracting parties as a result of his acts through deception, fraud or non-observance of the principles to be followed as per the provisions.
The Real Estate Regulatory Authority (RERA) has given some examples of what would be construed as a breach of the code of ethics by any real estate agent in India.The examples include: leading a Buyer or a Seller on the current market value of the price of a property
promoting property too high or too low in price without written consent and agreement from the Owner
causing loss or financial harm to investors by print or electronic media.
through action or lack of action related to the Broker / Agent's professional duty of care g the reason for the Sale or other private knowledge of the Client without permission
revealing the reason for the permission
Sale or other private knowledge of the Client without express
document and their legal obligations as per the document, or denying them the opportunity to seek legal advice prior to signing if they so desire
the sale without prior consent of the Owner of the property RERA Consulting will help you to choose right property options in India. We have team of experienced professionals who always ready to serve clients. For more RERA latest News, subscribe our blog section.