If any real estate agent, who fails to comply with, or contravenes any of the orders or directions of the Authority, he shall be liable to a penalty for every day during which such default continues, which may cumulatively extend up to five per cent., of the estimated cost of plot, apartment or building, as the case may be, of the real estate project, for which the sale or purchase has been facilitated and as determined by the Authority.
Section 65: Penalty for failure to comply with orders of Authority by real estate agent.
The Real Estate (Regulation and Development) Act, 2016.Central Act · Act 16 of 2016
Where this provision sits
| Act | The Real Estate (Regulation and Development) Act, 2016. |
|---|---|
| Section | 65 |
| Marginal note | Penalty for failure to comply with orders of Authority by real estate agent. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 2 |
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