Gurgaon: Haryana Real Estate Regulatory Authority (HRera) issued a warning to homebuyers, asking them to deal only with Rera-registered real estate agents while investing in property.
In an advisory, the regulator cautioned that unregistered brokers often lure buyers with false assurances, leading to financial losses and legal disputes.Citing Real Estate (Regulation and Development) Act, 2016, Rera said agents are legally barred from selling, advertising or facilitating transactions in real estate projects without registration.
According to the advisory, the term ‘real estate agent’ has a broad meaning under the Act and includes property dealers, brokers, consultants and middlemen operating under any name.
“Practically, anyone who negotiates deals, introduces buyers and sellers, or acts on behalf of another person in return for commission, fees or any form of remuneration falls within the definition of a real estate agent,” the authority stated.HRera chief Arun Kumar cautioned that homebuyers dealing with unregistered agents may face legal and financial problems, including invalid agreements, delayed projects and difficulty in seeking legal relief. In many cases, buyers later find that the assurances given by such agents have no legal basis, the authority said.The regulator advised buyers to carefully read the guidelines related to real estate agents available on the official HRera website and to verify agents’ credentials by checking the updated list of registered agents on the authority’s portal.Proper checks at the initial stage can help buyers avoid fraud and safeguard their interests, HRera said, reiterating that agent registration under the Rera framework is essential to ensure accountability and transparency in property transactions.The advisory comes amid increased regulatory monitoring of the real estate sector in the city, as the authority continues efforts to protect homebuyers and promote fair practices.
