Haryana RERA threatens action against real estate agents for charging arbitrary brokerage “The authority has decided to fix this problem and working on it blacklisting such agents who have been charging brokerage arbitrarily,” said KK Khandelwal, Gurugram RERA Chairman
Gurgaon bench of Haryana Real Estate Regulatory Authority (HaRERA) has threatened to barred the real estate agents if they charge arbitrary brokerage from homebuyers.The real estate regulatory authority’s warning comes in the wake of number of complaints filed on daily basis in the city where the cheated buyers or allottees turn up for relief.
“The authority has decided to fix this problem and working on it blacklisting such agents who have been charging brokerage arbitrarily,” said KK Khandelwal, Gurugram RERA Chairman.
The authority said that the Haryana Regulation of Property Dealers and Consultants Rules, 2009 provides charging of only half percent commission each from the buyers and the sellers.
The Authority in one of its decisions it passed on September 1, 2022 disallowed the brokerage of more than half percent which is currently being deducted by the promoters on surrendering of the units by the allottees.
Khandelwal said arbitrary brokerage is an offence as apparently defined in the RERA Act yet the agents or brokers have continued adopting this malpractice in defiance of the RERA Act, which is punishable.
“We will revoke, blacklist and debar agents or brokers who have committed the offence of exorbitant commissions in contravention of the rule,” Khandelwal said.
Authority has decided to come heavily on such malpractices adopted by the Real Estate Agents and brokers to exploit allottees in the name of charging arbitrarily high brokerage.
While disallowing the arbitrary brokerage, the authority issued warning to all the 1840 registered Real Estate Agents over arbitrary brokerage that they charge from the innocent sellers and property buyers.
The Rule provides for commission of half percent of the agreed consideration value by sellers and purchasers on finalisation of deal.
This story originally appeared on: Muscle & Fitness - Author:Tax Cognition
