Survey of Realtor begins in Gurgaon

Gurgaon: The district administration has started a survey to identify property dealers operating without licence. The move was taken after fraud charges were received against a number of dealers.
Said Rajendra Kataria, deputy commissioner, ‘‘We often receive complaints that a person interested in buying property or plot was duped of cash by some property dealer who made the buyer enter into a fake deal of a plot which never existed and afterwards fled with the money. ‘‘To keep a watch on the property dealers and get them enrolled with government authority, the state government has formulated rules according to which the person engaged in property dealing business should apply to the District Collector in Form A for obtaining a licence,’’ he added.
Officials said the individuals will to pay a fee of Rs 25,000 while the organization, company or society will pay a fee of Rs 50,000 for obtaining property dealer’s licence. The licence would be valid for a period of 5 years after which it can be renewed. For individuals, the fee is Rs 5,000 while for the organization, company or society, it is Rs 10,000.
The licence holder will get only one percent commission on the agreed value paid by the seller and purchaser of the property that is half percent by each of them on finalization of the deal. ‘‘In case of deal of lease or rent of immovable property, rate of commission will be paid by the lessor and lessee at the rate of one month rent of the property to the licence holder,’’ said Kataria.

Source : TOI Dated 24th Dec,09.

Subscribe to our future articles