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

Sunrise Agents, a registered real estate agent, is approached by promoter Rohan Developers to market plots in a project not registered with the Authority. Which statement is correct under the Act?

The agent must not facilitate sale or purchase in a project that is not registered with the Authority. Section 10(a) imposes this duty on every registered real estate agent, and no exception exists for buyer consent, small size or intimation to the Council.

  1. AThe agent must not facilitate sale or purchase in a project not registered with the AuthorityCorrect
  2. BThe agent may do so if the buyer consents in writing
  3. CThe agent may do so if the project is small
  4. DThe agent may do so after informing the Central Advisory Council

Explanation

Section 10(a) says a registered agent shall not facilitate the sale or purchase of any plot, apartment or building in a real estate project being sold by the promoter that is not registered with the Authority. No consent, size or Council intimation exception appears in that text.

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