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CS Executive · Economic, Commercial and Intellectual Property Laws · Real Estate Regulation and Development Law

Real estate agent Ms. Kapoor is registered under the Act. A promoter asks her to find buyers for flats in a project not registered with the Authority. Under the Act, what is her position?

She must not facilitate the sale or purchase of units in a project that is not registered with the Authority. The Act prohibits a registered agent from doing so, and it makes no exception for disclosure to buyers or for a promoter's promise to register later.

  1. AShe may do so if she informs buyers about the non-registration
  2. BShe may do so for up to three months after the request
  3. CShe may do so if the promoter gives an undertaking to register later
  4. DShe must not facilitate the sale or purchase of units in a project not registered with the AuthorityCorrect

Explanation

Section 10(a) says a registered real estate agent shall not facilitate the sale or purchase of any plot, apartment or building in a project being sold by the promoter in a planning area which is not registered with the Authority. The Act provides no exception for disclosure, time period or undertaking.

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