Maharashtra Real Estate Regulatory Authority (MahaRERA) will train 39,000 real estate agents from across the state to enable them to offer better services to home and property buyers, a top official from the regulatory body said.
At a session held here for the first batch of property agents, MahaRERA’s nodal officer Sanjay Deshmukh stated that the training, which has been made mandatory for agents, will be completed by September.
The mandatory training, which an exam will follow, has been entrusted to four agencies, including the National Real Estate Development Council (NAREDCO), according to the official.
He said that agents are expected to guide both buyers and sellers of properties in the right direction as they act as the middlemen between them.
According to NAREDCO President Rajan Bandelkar, the initiative will increase real estate agents’ level of transparency in their operations.
According to a MahaRERA official, the government has also asked that real estate agents file their returns to verify their source of funds.