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Cheat sheet

MahaRERA Agent Certificate of Competency Cheat Sheet

Practice QuestionsStudy Guide

Course orientation

Not publishedof exam

Training Path20 hours60% attendanceThree attempts

Introduction to RERA

Not publishedof exam

RERA DefinitionsAllotteeGarageWorking day

MahaRERA

Not publishedof exam

Redressal ClocksRemedy and Consent PickerConciliationWritten delay reasons

Understanding of MahaRERA portal

Not publishedof exam

Portal ChecksProject phaseQuarterly updatesCurrent status

Real estate agent registration and responsibilities

Not publishedof exam

Agent RegistrationAgent ConductCoC vs RegistrationAgent Penalty vs Allottee Penalty

Real estate project registration and promoter responsibilities

Not publishedof exam

Project RegistrationProject MoneyPromoter DutiesRegistration Exemption Picker

Allottees and their responsibilities

Not publishedof exam

Allottee Rights and DutiesStay vs WithdrawPayment interestTwo-month possession

Due diligence before facilitating sale of property

Not publishedof exam

Document ChecksConstruction vs OccupationLegal titleCERSAI

Sales process, forms and agreements

Not publishedof exam

Sales DocumentsPossession dateRegistered agreementAdvertisement disclosures

Real estate calculations

Not publishedof exam

Calculation BenchmarksCarpet Area MemoryConsent roundingRule 18

Quick Facts

Qualification
Agent Certificate of Competency
Authority
MahaRERA, Maharashtra
Published format
Tentative 50 MCQs × 2 marks
Published pass mark
40/100 marks
Published languages
English and Marathi
Published topics
Ten; weights Not published
Current registration link
TCS iON
Duration and negative marking
Not published in retrieved guidance
CoC validity period
Not published in retrieved guidance

Training Memory

20 hours; 60% attendance; three attempts; then retrain

Empaneled providerSuccessful completion before examThree failures trigger fresh training

Training Path

Empaneled-provider course
Minimum 20 hours
Mandatory attendance
At least 60%
Exam eligibility
Successful training completion first
Training modes
Online, physical or hybrid
Three failed exam attempts
Undertake training afresh
Unique CoC number
Required for registration/renewal/continuation
Published training-fee cap
₹5,000 excluding GST
Published exam-fee cap
₹1,500 excluding GST

RERA Definitions

Allottee
Includes subsequent purchaser; excludes tenant
Paid buyer/seller introducer
Can be a real estate agent
Garage
Roof and walls on three sides
Open parking
Common area; not separately saleable
Competent authority
Local development-permission authority
Statutory day
Concerned state's notified working daySection 2(r)

Appeal Filing vs Appeal Disposal

Appeal filing

  • 60 days from receipt of order-copy
  • Later admission possible for sufficient cause

Tribunal disposal

  • 60-day endeavour from appeal receipt
  • Written reasons required when delayed

Different start dates; disposal isn't guaranteed

Redressal Clocks

Section 31 complaint
Any aggrieved person; statutory contravention
Adjudicating officer compensation
Sections 12, 14, 18 and 19
Authority application disposal
60 days from application receiptWritten reasons for delay
Tribunal appeal disposal
60-day endeavour from appeal receiptWritten reasons for delay
Compensation application disposal
60 days from application receiptWritten reasons for delay
Conciliation
Consensual promoter–allottee settlement; signatures bind

Portal Checks

Project registration record
Match promoter, location and phase
Current project status
Check lapsed, revoked and abeyance lists
Project webpage
Quarterly booking, approval and progress updates
Registered agent record
Check registration number and validity
Online complaint details
Project number, parties, facts, relief, enclosures

CoC vs Registration

Certificate of Competency

  • Issued after passing competency exam
  • Unique certification number
  • Term absent from retrieved guidance

Agent registration

  • Prescribed application, documents and conditions
  • Maharashtra registration number
  • Five-year registration term

CoC number supports registration/renewal/continuation

Agent Registration

Individual, including sole proprietorship
₹10,000 registration or renewal
Other entities
₹1,00,000 registration or renewal
Form G
Agent registration application
Form H
Agent registration certificate
Agent registration validity
Five years
Form J renewal application
Apply ≥60 days before expiry
MahaRERA agent registration
Maharashtra; other-state registration remains separate

Agent Penalty vs Allottee Penalty

Agent, sections 9/10 default

  • s62: ₹10,000 per continuing-default day
  • Cumulative cap ≤5% facilitated-property cost
  • Authority determines cost

Allottee, Tribunal-order default

  • Current s68: penalty ≤10% property cost
  • No imprisonment or daily accrual
  • Amended effective 7 May 2026

s68 amendment doesn't remove s66 imprisonment

Agent Conduct

Prescribed books and records
Maintain and preserve
False approval/affiliation claims
Prohibited unfair trade practice
Booking information and documents
Facilitate allottee's entitled access
Agent registration number
Quote in every facilitated sale
Registration number display
Principal office and branches
Section 62 continuing default
₹10,000 per default dayStatutory working days
Section 62 cumulative cap
≤5% of facilitated property costAuthority determines cost

Project Account Memory

70% → proportionate withdrawal → E-A-CA → annual audit

Only project land/construction costsE: engineerA: architectCA: practising chartered accountantAudit: within six months after FY

Unit vs Building Changes

Individual unit changes

  • Previous affected-allottee consent
  • Statutory minor-change exceptions need checking

Other building/common-area plan changes

  • Previous written ≥⅔ eligible-allottee consent
  • Exclude promoter; statutory counting rules

Different scopes; different consent conditions

Registration Exemption Picker

  1. Statutory small-project thresholds apply unchanged→Test land OR apartment-count(Government can reduce thresholds)
  2. Land ≤500m²→Small-project exemption(Either small condition suffices)
  3. Apartments ≤8 across all phases→Small-project exemption(Either small condition suffices)
  4. Both small thresholds exceeded→Check other statutory exemptions(Excess alone isn't final conclusion)
  5. Completion certificate received before Act commencement→Section 3(2)(b) exemption
  6. Renovation, repair or redevelopment→No marketing/advertising/selling/new allotment(Any apartment, plot or building)
  7. All repair-exemption conditions satisfied→Section 3(2)(c) exemption
  8. No exemption; project requires registration→Register before advertising/marketing/booking(Also before selling/offering/inviting purchases)
  9. Multiple phases require registration→Register each phase separately(Each phase is standalone)

Project Registration

Small-project exemption
Land ≤500m² OR apartments ≤8All phases; thresholds reducible
Completion-certificate exemption
Certificate received before Act commencement
Renovation/repair/redevelopment exemption
No marketing, advertising, selling, new allotmentAny apartment, plot or building
Eligible phased development
Register each phase separately
Non-exempt new project
Register before marketing, advertising, booking, sale
Project registration validity
Declared project/phase completion period

Project Money

Separate-account deposit
70% of project allottee receipts
Separate account
Maintained in a scheduled bank
Permitted account use
Only project's land and construction costs
Withdrawals
Proportionate to project completion
Withdrawal certificates
Engineer AND architect AND practising CA
Practising-CA annual audit
Within six months after financial-year end
Marketing and brokerage expenses
Excluded from designated separate-account costs

Promoter Duties

Advance/application fee >10% property cost
Written, duly registered agreement first
Unit changes beyond minor-change exception
Previous consent of affected allottee
Other building/common-area plan changes
Previous written ≥⅔ eligible-allottee consentExclude promoter; statutory allottee-count
Majority-rights transfer to third party
Prior-written ≥⅔ consent AND Authority-approvalAllottees excluding promoter
Multiple units/family/related-entity holdings
One allottee under statutory counting rules
Qualifying defects notified
Within five years from possession
Timely notified qualifying defects
Rectify within 30 days; no charge

Stay vs Withdraw

Stay in delayed project

  • Agreed possession deadline missed
  • Interest each delay month until possession

Withdraw from delayed project

  • Demand refund of amounts received
  • Prescribed interest and statutory compensation

Section 18 conditions govern both remedies

Allottee Rights and Duties

Approved plans and specifications
Allottee entitled to information
Stage-wise completion schedule
Includes agreed infrastructure and amenities
Agreed payments and charges
Pay within agreement's prescribed time
Delayed allottee payments
Prescribed interest; mutually reducible
Allottee association formation
Participate; also register conveyance
Taking physical possession
Within two months of OC issuance
Allottee Tribunal-order default, current s68
Penalty ≤10% property costNo imprisonment or daily accrual

Construction vs Occupation

Commencement certificate

  • Allows development to begin
  • Per sanctioned plan

Occupancy certificate

  • Permits occupation under local law
  • Includes required civic infrastructure

Match certificate to building or portion

Document Checks

Title documents
Review legal title and authenticated ownership
Encumbrance declaration
Review rights, interests and claims
Asset-based CERSAI report
Match project address and land details
Commencement certificate
Allows development per sanctioned plan
Completion certificate
Certifies development follows sanctioned plans
Occupancy certificate
Permits occupation under applicable local law

Sales Documents

Promoter advertisement, section 11(2)
Authority website AND project registration number
Agreement for sale
Specify date for handing over possession
Agreement payment schedule
Specify instalment dates and manner
Promoter and allottee interest
Equal prescribed rates
Registered conveyance
Transfers title; includes common-area interests

Carpet Area Memory

Usable space includes partitions; exclude listed outside areas

Include internal partition wallsExclude external walls and shaftsExclude exclusive balcony/verandah/open terrace

Calculation Benchmarks

RERA carpet area
Net usable floor; internal partitions included
External walls and service shafts
Exclude from carpet area
Exclusive balcony/verandah/open terrace
Exclude from carpet area
₹80lakh project allottee receipts
70% separate-account deposit = ₹56lakh
17 eligible allottees; ≥⅔
At least 12 written consentsApply statutory allottee-count rules
Rule 18, MCLR in use
SBI highest MCLR + 2 percentage-points
Hypothetical simple interest
Principal × annual-rate × years
₹4lakh; 10.5%; six months
Simple interest = ₹21,000Hypothetical rate; simple method

Common Traps

Small-project logical operator

Statutory exemption uses OR ≠ Requiring both thresholds uses AND

Advance boundary

Exactly 10% ≠ More than 10% triggers registered agreement

Record versus current status

Historical registration certificate ≠ Current phase and status checks

Certificate versus registration term

Five-year agent registration ≠ CoC term absent from retrieved guidance

Published versus current assessment arrangements

Published guidelines describe IBPS ≠ Current official registration links TCS iON

Scope of 2026 penalty amendment

s68 allottee imprisonment removed ≠ s66 agent imprisonment remains

Last Minute

  1. 1.Small exemption: ≤500m² OR ≤8apartments; all-phases
  2. 2.Exemption thresholds may be government-reduced
  3. 3.Over 10% advance requires registered agreement
  4. 4.70% allottee-receipts: project land/construction only
  5. 5.Withdrawal certificates: engineer, architect, practising CA
  6. 6.Defect window: five years from possession
  7. 7.Covered defects: free 30-day rectification
  8. 8.Agent registration lasts five years
  9. 9.Possession: ≤2 months from OC issuance
  10. 10.Current s68: ≤10% property-cost; no imprisonment
  11. 11.Appeal: 60 days from order-copy receipt
  12. 12.Statutory day means notified working day

Maharashtra MahaRERA Real Estate Agent Certificate of Competency Exam

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