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
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 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
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.