CHAPTER II - REAL ESTATE PROJECT

No: DOH 109KHB2017 Karnataka Government Secretariat VikasaSoudha, Bangalore, Dated: 10-07-2017

NOTIFICATION - Whereas the draft of the Karnataka Real Estate (Regulation and Development) Rules, 2016 was published vide Government Order No. DOH 128 KHB 2016, dated: 24th October, 2016, in part I of the Karnataka Gazette ( Extra Ordinary Number 1193), dated 24th October, 2016 inviting suggestions from all persons likely to be affected thereby within fifteen days from the date of its publication in the Official Gazette And whereas, the said Gazette was made available to public on 24th October, 2016And whereas, suggestions have been received and considered by the State Government And whereas, the Government of India vide S.O No.3347, dated 28thOctober 2016 had made the order for removing certain difficulties in implementing the provisions of the Act

Rule 11 - Renewal of registration of real estate agent

We’re in Social

(1) The registration granted under section 9, may be renewed as per section 6, on an application made by the real estate agent in Form-‘J’ which shall not be less than three months prior to the expiry of the registration granted

(2) The application for renewal of registration shall be accompanied with a demand draft or a bankers cheque drawn on any scheduled Bank or a co-operative Bank or through online payment, as the case may be, for a sum of five thousand rupees in case of the real estate agent being an individual or twenty Fifty thousand rupees in case of the real estate agent other than an individual

(3) The real estate agent shall also submit all the updated documents set out in clauses (a) to (e) of rule 8 at the time of application for renewal along with same fees as specified in sub-rule(2)

(4) In case of renewal of registration, the regulatory authority shall inform the real estate agent about the same in Form-‘K’ and in case of rejection of the application for renewal of registration the regulatory authority, shall inform the real estate agent inForm-‘I’

Provided that, no application for renewal of registration shall be rejected, unless the applicant has been given an opportunity of being heard in the matter

Provided further that, the Authority may grant an opportunity to the real estate agent to rectify the defects in the application within such time period as may be specified by it

(5) The renewal of registration of the real estate agent shall be granted provided that the real estate agent remains in compliance with the provisions of the Act and the rules and regulations made thereunder

(6) The renewal granted under this rule shall be valid for a period fiveyears

 

Get a Quote

Get in Touch with Our Experts

Talk to an Expert

+91 95355 78604