The results of the fifth examination for real estate agents have been announced, showcasing a high success rate among candidates. The exam, crucial for those seeking to become certified agents in the real estate sector, saw a significant number of candidates passing with flying colors.
Examination Overview
A total of 4,769 candidates appeared for the fifth examination, with 4,165 successfully passing, marking an impressive success rate of 87%. This result reflects a slight improvement compared to the fourth examination’s 86% success rate. Historically, the results of these exams have shown a trend of high pass rates, 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, 3,553 are males and 612 are females. The exam also saw participation from senior citizens, with 196 candidates above the age of 60, including 12 women. This diversity in candidates underscores the wide-ranging interest in becoming certified real estate agents.
Top Performers
Notably, Sharad Mota of Mumbai and Divesh Maheshwari of Pune achieved perfect scores, jointly securing the first position. This remarkable achievement highlights the dedication and knowledge of these individuals within the real estate sector.
Cumulative Success
To date, a total of 13,370 candidates have qualified to become agents through all five exams. The breakdown of successful candidates 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
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has mandated training and certification for both new registrations and renewals of agents. This requirement, effective from January 10, 2023, aims to ensure that all agents possess comprehensive knowledge of the RERA Act and its provisions. Such training is critical as agents are often the first point of contact for homebuyers, providing essential information about real estate projects.
Enforcement and Compliance
As part of the regulatory enforcement, MahaRERA suspended the registration of over 20,000 agents at the end of April for failing to complete the mandatory training and certification by the December 31 deadline. This suspension underscores the importance of compliance with the regulatory framework to maintain the integrity and professionalism of the real estate sector.
Conclusion
The fifth examination for real estate agents has once again demonstrated the commitment 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 poised for greater transparency and efficiency, ultimately benefiting homebuyers and developers alike.
