MahaRERA Exam Success: 87% of Candidates Qualify as Real Estate Agents
Examination Overview:
A total of 4,769 candidates appeared for the fifth examination, and 4,165 successfully passed, marking an impressive success rate of 87%. This result reflects a slight improvement from the fourth examination’s 86% success rate. Historically, the success rates of these exams have been notable, with the first exam at 96%, the second at 93%, and the third at 89%.
Demographics of Successful Candidates:
Among the 4,165 successful candidates, there are 3,553 men and 612 women. The exam also welcomed a diverse group of senior citizens, with 196 candidates over the age of 60, including 12 women. This diversity highlights the broad appeal and inclusivity of the profession.
Top Performers:
Noteworthy achievements include Sharad Mota from Mumbai and Divesh Maheshwari from Pune, who both attained perfect scores and secured the top position. Their exceptional performance underscores their dedication and expertise in the real estate sector.
Cumulative Success:
To date, a total of 13,370 candidates have qualified to become real estate agents through all five examinations. The distribution of successful candidates across the exams is as follows:
First Exam: 405 candidates
Second Exam: 2,812 candidates
Third Exam: 4,461 candidates
Fourth Exam: 1,527 candidates
Fifth Exam: 4,165 candidates
Importance of Training and Certification:
MahaRERA has mandated that all real estate agents, both new and renewing, undergo training and certification. This requirement, effective from January 10, 2023, aims to ensure that agents possess comprehensive knowledge of the RERA Act and its provisions. Such training is crucial, as agents are often the first point of contact for homebuyers, providing essential information about real estate projects.
Enforcement and Compliance:
In line with regulatory enforcement, MahaRERA has suspended the registration of over 20,000 agents as of the end of April for failing to complete the mandatory training and certification by the December 31 deadline. This suspension highlights the importance of adherence to regulatory standards to uphold the integrity and professionalism of the real estate sector.
Conclusion:
The fifth examination for real estate agents has once again demonstrated the dedication of aspiring agents to meet regulatory standards and enhance their knowledge. With a high pass rate and the implementation of mandatory training, the real estate sector in Maharashtra is set to benefit from increased transparency and efficiency, ultimately serving the best interests of homebuyers and developers alike.
For more detailed information about MahaRERA’s regulations, updates, and additional details on the real estate agents’ examination, please visit the official MahaRERA website.