"By registering themselves with the regulator, real estate agentsbrokers now need to effectively declare themselves and be accountable for their business activities and practices. "It has been tough for brokers to sustain themselves for the past two years because of the sluggish real estate market, especially in Bengaluru. "Many of them are unqualified and inexperienced.More often than not, agents tend to drive their own agenda to earn higher commissions.Even politicians have doubled up as real estate brokers in many cities. There have been numerous instances of real estate agents taking customers for a ride by selling the same property to one or more persons. The home buyers who use the services of real estate agents will only be protected, since the new rules will distinguish between credible and non-credible brokers, they said.

Source: Times of India July 17, 2017 01:30 UTC