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MahaRERA Exam Preparation FAQ Questions Answers

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Home MahaRERA Exam Preparation FAQ Questions Answers
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Penalty for Non registration as Real estate agent under RERA Act
Answer: Rs. 10,000 for every day during which such default continues, which may cumulatively extend up to 5 % of the cost of plot, apartment or building, as the case may be of the Real Estate Project
Time limit for filing appeal with MAHARERA Appellate Authority is
Answer: 60 days from the date on which a copy of the direction or order or decision made
Which of the following cannot be an appellant
Answer: Local sanctioning authority of the project
Which of the following forms has to be filed with MAHRERA authority for complains
Answer: Form A - Needs to be filed with MAHARERA Authority for Complaints
The amount of costs that must be paid in addition to Form A is
Answer: Rs. 5000
Which of the following are obligation of allottees as per MAHARERA Act & Rules
Answer: Make Payments In A Timely Manner, Liability to Pay Interest, Formation of the Association
MAHARERA Conciliation forum consists of panel of the following
Answer: Conciliators - The conciliators shall assist the parties in an independent and impartial manner in their attempt to reach an amicable settlement of their dispute.
Which of the following is not covered under the definition of promoter as per RERA Act
Answer: Marketing agency of a developer
Which of the following project does not require RERA registration as per section of RERA Act.
Answer: A redevelopment project of existing society where there is no extra unit is constructed.
Which of the following is not an SRO
Answer: HUDCO
On completion of 30 days period from the date of application If the registration application is not rejected then, in how many days the authority has to provide registration certificate to the applicant
Answer: 7 days
The promoter needs the consent of the __________ allottees in order to transfer its majority rights to any third party.
Answer: 2/3rd
What is the time period available with the promoter for constituting association of allottees
Answer: 3 months from the date of majority of allottees having booked their units
What is the maximum advance a promoter can accept without entering into the registered agreement with allottees.
Answer: 10% of total consideration
What is the time period available with the promoter for executing conveyance deed in favour of association of allottees
Answer: 3 Months from the date of OC, 50% of the total number of allottees in such building or wing have paid the full
The promoter is responsible for structural defect for the period of ______ years from the date of handing over of possession
Answer: 5 years
Real Estate agent is defined in Section ____of Real Estate( Regulation and Development ) Act, 2016.
Answer: Section 2 (zm)
How many types of Real Estate Agents?
Answer: There are 2 types of Real Estate Agents - One is an Individual and the other is a Company, both can be registered for 5 years.
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