Real estate agents should register with RERA Madhya Pradesh (MP) to comply with the provisions of the Real Estate (Regulation and Development) Act, 2016. The act mandates that all real estate agents must be registered with the concerned state RERA authority. Here are some key benefits of real estate agents registering with RERA MP:
1. Legitimacy: Registration with RERA MP lends legitimacy to real estate agents and establishes their credibility and professionalism in the eyes of potential clients.
2. Consumer protection: RERA MP provides protection to home buyers and investors against fraud and malpractices by unscrupulous real estate agents.
3. Accountability: Registration with RERA MP makes real estate agents accountable to the regulator, reducing the likelihood of misconduct or unethical practices.
4. Business opportunities: Real estate agents who are registered with RERA MP can participate in registered projects, which can improve their business prospects and earnings potential.
5. Competitive advantage: Real estate agents registered with RERA MP have a competitive advantage over those who are not registered, as they are recognized as trustworthy and compliant with the law.