Mumbai, 5th August 2024: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released the results for the 5th edition of its Real Estate Agents examination. Out of 4,769 candidates who took the test, 4,165 have passed, achieving a pass rate of 87%.
In comparison, the pass percentages for previous examinations were 96% for the 1st edition, 93% for the 2nd, 89% for the 3rd, and 86% for the 4th.
Among the successful candidates in the latest examination, there are 3,553 males and 612 females. Notably, 196 of the passed candidates are senior citizens, with 12 of these being women.
Sharad Mota from Mumbai and Divyesh Maheshwari from Pune both achieved perfect scores, sharing the top rank in this examination.
Since the inception of the exams, a total of 13,370 candidates have qualified as real estate agents across five editions. This includes the 4,165 from the latest exam, 405 from the first edition, 2,812 from the second, 4,461 from the third, and 1,527 from the fourth.
As part of its ongoing efforts to professionalize the sector, MahaRERA has mandated training and certification for both new agents and those seeking renewals. As of January 10, 2023, MahaRERA’s order requires all agents to undergo this training. Currently, there are approximately 47,000 registered agents with MahaRERA. Of these, 13,785 had their registrations canceled due to non-renewal. Additionally, by the end of April, MahaRERA suspended the registrations of over 20,000 agents who did not meet the mandatory training and certification requirements by December 31. These agents are now barred from conducting transactions until they fulfill the necessary conditions.
Real estate agents play a critical role in connecting homebuyers with developers, often serving as the initial point of contact and providing essential information about projects. Given their pivotal role, it is crucial for agents to be knowledgeable about the RERA Act and provide accurate, clear, and reliable information regarding developers, projects, sale agreements, allotment letters, carpet area, and defect liability periods. MahaRERA’s training and certification requirements are designed to ensure that agents are well-equipped to serve the interests of homebuyers effectively.
