The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced a mandatory training and certification program for all real estate agents seeking registration. This initiative aims to enhance the professionalism and efficiency of real estate agents, ensuring better service for consumers and greater integrity within the industry.
Mandatory Training for Registration
The training and certification requirement applies to both new agents and those already registered with UP RERA. The program spans three days and will be conducted in collaboration with reputed training institutes and universities. Initially, UP RERA is inviting online applications for agents from key cities including Lucknow, Gautambudh Nagar, Kanpur, Gorakhpur, Varanasi, Prayagraj, and Moradabad.
Enhancing Agent Competence
The objective of this initiative is to equip real estate agents with the necessary skills and knowledge to provide reliable and efficient services to consumers. UP RERA has observed that many agents lack the required expertise, leading to consumer dissatisfaction due to misleading information and false promises. The training will cover various aspects of the real estate business, including the RERA Act, RERA Rules, and other relevant laws and regulations.
Ensuring Professionalism and Ethics
UP RERA Chairman Sanjay Bhoosreddy emphasized the importance of business ethics and professionalism among real estate agents. The training program aims to address these issues by instilling proper work ethics and comprehensive knowledge of the industry. By doing so, UP RERA hopes to prevent instances of misleading advertisements and unethical behavior that have negatively impacted consumers in the past.
Benefits for Stakeholders
The mandatory training and certification program is expected to benefit all stakeholders in the real estate sector. For agents, it provides an opportunity to upgrade their skills and enhance their credibility. For consumers, it ensures better protection against fraudulent practices and false promises. For promoters, it helps maintain a positive reputation and fosters a trustworthy market environment.
Monitoring and Compliance
UP RERA will closely monitor the work and conduct of registered agents to ensure compliance with the new regulations. The authority has already identified instances where consumers have suffered due to the lack of professionalism among agents. With the implementation of this training program, UP RERA aims to prevent such issues and promote a more secure and transparent real estate market.
Future Outlook
The introduction of mandatory training and certification is a significant step towards professionalizing the real estate sector in Uttar Pradesh. UP RERA’s commitment to enhancing agent competence and ensuring ethical practices will likely lead to increased consumer confidence and a healthier market environment. As the program rolls out, it is expected to set a benchmark for other states to follow, ultimately benefiting the real estate industry as a whole.
