Free Practice Questions for MahaRERA Agent

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Key Facts: MahaRERA Agent Exam

50 Q

Exam Questions

MahaRERA Circular 2023

60 mins

Time Limit

MahaRERA Circular 2023

40%

Passing Score

MahaRERA Exam Rules

20 hrs

Mandatory Training

MahaRERA Agent Training Guideline

₹10,000

Individual Registration Fee

MahaRERA Rules 2017

5 Years

Certificate Validity

MahaRERA Circular 2023

Maharashtra is the first state in India to mandate a Certificate of Competency for real estate agents. Candidates must complete a 20-hour training program from an empaneled provider and pass the IBPS-administered online MCQ exam (50 questions, 60 minutes, passing score 40%). Registration fees are ₹10,000 for individual agents and ₹1,00,000 for companies. Agents are prohibited from facilitating sales in unregistered projects under penalty of ₹10,000 per day up to 5% of the property cost.

Sample MahaRERA Agent Practice Questions

Try these sample questions to review concepts for the MahaRERA Agent exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 126+ question experience with AI tutoring.

1What is the primary objective of the Real Estate (Regulation and Development) Act, 2016 (RERA)?

A.To establish transparency, protect consumer interests, and standardise real estate transactions

B.To provide government housing loans at zero percent interest to all citizens

C.To nationalise all private real estate development companies in India

D.To fix the maximum selling price of residential properties across all states

Explanation: RERA was enacted in 2016 to introduce transparency, enhance efficiency, protect consumer interests, and establish an adjudicating mechanism for speedy dispute redressal in the real estate sector.

2Under the RERA Act, who is defined as an 'allottee'?

A.A person to whom a plot, apartment, or building has been allotted, sold, or transferred by a promoter

B.A tenant renting a flat on a month-to-month basis under a standard leave and license agreement

C.The real estate agent facilitating the marketing of a housing project

D.A contractor hired by the promoter to carry out structural works

Explanation: Section 2(d) of the RERA Act defines an 'allottee' as the person to whom a plot, apartment, or building has been allotted, sold, or transferred by a promoter. It does not include a tenant under a standard rent agreement.

3Which of the following is excluded from the definition of an 'allottee' under the RERA Act, 2016?

A.A tenant or a person to whom a property is given on rent or lease

B.A buyer who has paid the initial booking amount but not signed the agreement

C.A co-owner who is jointly purchasing an apartment with their spouse

D.A person who inherits the property from the original buyer

Explanation: The definition of an 'allottee' under Section 2(d) of RERA explicitly excludes a person to whom an apartment or plot is given on rent or lease (tenant).

4Which statutory body hears appeals against the orders, decisions, or directions of the Real Estate Regulatory Authority?

A.Real Estate Appellate Tribunal (REAT)

B.District Consumer Disputes Redressal Commission

C.National Company Law Tribunal (NCLT)

D.High Court of the State directly

Explanation: Under Section 43 of RERA, the Real Estate Appellate Tribunal (REAT) is established as the designated body to hear appeals from the decisions, directions, or orders of the Regulatory Authority.

5What does the term 'RERA Carpet Area' mean under the Act?

A.Net usable floor area of an apartment, including internal partition walls, but excluding external walls, balconies, and shafts

B.The entire built-up area of the apartment, including the balcony, terrace, and external walls

C.The usable floor area of the rooms, excluding internal partition walls, balconies, and external walls

D.The super built-up area, which adds a proportionate share of common areas such as the lift lobby, staircases, and common corridors

Explanation: Section 2(k) of RERA defines 'carpet area' as the net usable floor area of an apartment, excluding external walls, service shafts, exclusive balconies or verandahs, and open terraces, but including internal partition walls.

6What is the minimum age to be eligible for registration as a MahaRERA real estate agent?

A.18 years

B.21 years

C.25 years

D.19 years

Explanation: To register as a real estate agent under MahaRERA, an individual must be at least 18 years old, which is the legal age of majority in India.

7Under Section 2(zk) of the RERA Act, which of the following is included in the definition of a 'promoter'?

A.Any person who constructs, develops, or causes to be constructed a building or converts an existing building into apartments for sale

B.An architect who designs the project blueprint and supervises the construction quality but has no role in selling any of the apartments

C.A registered real estate agent who markets the project for a commission

D.The homebuyer who has signed the agreement for sale

Explanation: A 'promoter' is defined as any person who constructs, develops, or converts a building/land into apartments or plots for the purpose of selling them to other persons, including developers and development authorities.

8What is a 'Commencement Certificate' (CC) under the RERA Act?

A.A certificate issued by the competent authority permitting the promoter to begin development works on the project site

B.A certificate issued by the promoter to the agent, authorizing the agent to begin marketing and advertising the project

C.A document signed by the first buyer to mark the start of project construction

D.A certificate issued by the structural engineer confirming that foundation works are complete

Explanation: Section 2(m) defines a 'Commencement Certificate' as a certificate issued by the competent authority permitting the promoter to begin development works on an immovable property in accordance with the sanctioned plans.

9What is the primary function of the 'Occupancy Certificate' (OC) under the RERA Act?

A.It certifies that a building has civic amenities and is fit for human habitation, permitting occupation

B.It certifies that the builder has cleared all financial loans taken for project construction

C.It registers the names of all homebuyers in the local government land records

D.It permits the promoter to advertise the project and start accepting booking deposits

Explanation: Section 2(zf) defines an 'Occupancy Certificate' as a certificate issued by the competent local authority certifying that the real estate project has civic amenities and is fit for occupation.

10What does a 'Completion Certificate' (CC) certify under the RERA Act?

A.That the real estate project has been developed according to the sanctioned plans, layout plans, and specifications

B.That the promoter has completed the sale and registration of all units in the project

C.That the 5-year structural defect liability period of the promoter has ended

D.That the housing society formation and the conveyance deed execution processes for the project have both been fully completed

Explanation: Section 2(q) defines a 'Completion Certificate' as a certificate issued by the competent authority certifying that the real estate project has been developed according to the sanctioned plans, layout plans, and specifications approved under local laws.

About the MahaRERA Agent Exam

The MahaRERA Real Estate Agent Certificate of Competency Exam assesses a candidate's knowledge of the Real Estate (Regulation and Development) Act 2016, MahaRERA Rules 2017, agent code of conduct, promoter disclosures, separate escrow accounts, homebuyers' rights, transaction due diligence (including 7/12 extracts), and mathematical calculations like RERA carpet area and delay interest.

Exam sponsor: Maharashtra Real Estate Regulatory Authority (MahaRERA) / conducted by IBPS. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Questions

50 questions

Time Limit

60 minutes

Passing Score

40% (40 out of 100 marks)

Exam / Certification Fees

₹1,500 + GST

Exam sponsor website

Reported exam pass rate: 75%. MahaRERA training significantly increases the passing rate of agents This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

28%

RERA Act 2016 & Legal Framework

Background, objectives, key definitions, project and agent registration, promoter/agent/allottee duties, offences, penalties, and appeals.

20%

MahaRERA Rules & Web Portal

Maharashtra-specific rules 2017, regulatory authority power, appellate tribunal structure, online filing procedures, and searching registered projects.

16%

Real Estate Agent Registration & Conduct

Section 9 & 10 agent compliance, registration fees, 5-year renewal cycle, code of conduct, maintenance of books of account, and unfair trade practices.

12%

Promoter Obligations & Disclosures

Mandatory project disclosures, deposit of 70% of buyer funds in escrow, structural defect liability for 5 years, consent rules for plan changes (2/3rd allottees), and transfer of project control.

12%

Allottee Rights & Duties

Information transparency rights, possession timeline claims, association membership, and buyer liability for timely payments and interest on defaults.

12%

Transaction Due Diligence & Math

Land records (7/12 extract, property cards), stamp duty rules, RERA carpet area calculations, and delay interest calculations (SBI MCLR + 2%).

Preparing for the MahaRERA Agent Exam

What You Need to Know

Passing score: 40% (40 out of 100 marks)
Exam length: 50 questions
Time limit: 60 minutes
Exam / certification fees: ₹1,500 + GST Official sources

Using Our Practice Resources

Work through all 126 available questions
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MahaRERA Agent: Suggested Study Strategy

1Memorize the agent penalties under Section 62: ₹10,000 per day during default, up to 5% of the property cost facilitated.

2Understand the RERA Carpet Area definition: includes usable area and internal partition walls, but excludes external walls, balconies, terraces, and shafts.

3Understand the 70% separate escrow account rule: developers must deposit 70% of allottee funds in a separate account dedicated only to land and construction costs.

4Remember the defect liability period: under Section 14(3), the promoter is liable for structural defects for 5 years after possession and must rectify them within 30 days.

5Learn the 2/3rd consent rules: any change to the overall project plans (Section 14) or transfer of the project to a third party (Section 15) requires the prior written consent of at least two-thirds of the allottees.

6Review Maharashtra land records terminology: understand the purpose of the 7/12 extract (Satbara) for agricultural lands and the Property Card for urban areas.

Frequently Asked Questions

Is the MahaRERA Agent Exam mandatory?

Yes, as per MahaRERA directives, it is mandatory for all real estate agents operating in Maharashtra to undergo training and clear the competency exam to obtain the Certificate of Competency. This applies to individual agents as well as designated partners, directors, or authorized signatories of real estate brokerage firms.

What is the passing mark and format of the MahaRERA Agent Exam?

The exam is conducted online and is multiple-choice (MCQ). It consists of 50 questions, each carrying 2 marks, for a total of 100 marks. The time limit is 60 minutes (1 hour). There is no negative marking, and the passing score is 40% (40 out of 100 marks).

What are the registration fees for agents under MahaRERA?

In Maharashtra, the agent registration fee (valid for 5 years) is ₹10,000 for individuals and sole proprietorship concerns. For other entities (partnership firms, LLPs, private/public limited companies, societies, etc.), the fee is ₹1,00,000. Renewal of registration at the end of 5 years incurs the same fee structure.

How is the delay interest calculated under MahaRERA?

If a developer delays possession or a homebuyer delays payment, the interest rate payable is the State Bank of India's highest Marginal Cost of Funds based Lending Rate (MCLR) plus 2% per annum. Under MahaRERA Rules, this is calculated as simple interest on the total amount paid/due.

How many attempts are allowed for the MahaRERA Agent Exam?

Candidates are allowed a maximum of three attempts to pass the exam. If a candidate fails to pass in all three attempts, they must re-enroll in the mandatory 20-hour agent training program and pay the training fees again to be eligible for further exam attempts.