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RERA Consulting will you to choose right property options in India. We have team of experienced professionals who always ready to serve clients. \nFor more information visit:- www.reraconsulting.com

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rera code of ethics in rera code of ethics

RERA Code of Ethics in

RERA Code of Ethics in

Real Estate Industry

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 Consulting.

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:

 Misleading a Buyer or a Seller on the current market value of the price of a property

deliberately or unintentionally withholding

 Deliberately or unintentionally withholding relevant information from a Buyer or a Seller

 Marketing, Advertising, Listing or promoting property too high or too low in price without

written consent and agreement from the Owner

 False or misleading advertising to consumers on the price, features or benefits of a property

causing loss or financial harm to investors by print or electronic media.

 Impeding or interfering in an existing contract of sale causing buyer or seller to default through

action or lack of action related to the Broker / Agent’s professional duty of care

Breach of Privacy of the Client by revealing the reason for the Sale or other private knowledge of

the Client without permission

 Revealing the details of personal or private information related to the Client or Customer or

revealing the reason for the Sale or other private knowledge of the Client without express

permission

 Pressuring a consumer to sign a document without them reading, or understanding the

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

 Making direct contact with another agent’s client whilst they have an agreement in place

Delaying presenting an ‘offer to buy’ to a Seller, or making an unauthorized decision regarding

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.