(1) The registration granted to a real estate agent under the Act, may be renewed, on an application made by the real estate agent in Form 'J’, in triplicate, until the application procedure is made web based, which shall not be less than three months prior to the expiry of the registration granted.
(2) The application for renewal of registration shall be accompanied with a demand draft or a bankers cheque drawn on any scheduled bank or through online payment mode, as the cause may be, for a sum of five thousand rupees in case of the real estate agent being an individual or Twenty Five Thousand rupees in case of the Real Estate Agent other than an individual.
(3) The real estate agent shall also submit all the updated documents set out in clauses (a) to (e) of sub—section (1) of rule 8 at the time of application for renewal.
(4) In case of renewal of registration, the Authority shall inform the real estate agent about the same in Form 'K’ and in case of rejection of the application for renewal of registration the Authority, shall inform the real estate agent in Form 'l’:
Provided that no application for renewal of registration shall be rejected, unless the applicant has been given an opportunity of being heard in the matter:
Provided further that the Authority may grant an opportunity to the real estate agent to rectify the defects in the application within such time period as may be specified by it.
(5) The renewal granted under this rule shall be valid for a period of five years.
11. Revocation of registration of real estate agent.--- The Authority may clue to reasons specified under sub—section (7) of section 9, revoke the registration granted to the real estate agent or renewal thereof, as the case may be, and intimate the real estate agent of such revocation in Form 'l’.
12. Books of accounts, records and documents.--- The real estate agent shall maintain and preserve its books of account, records and documents in accordance with the provisions of Income Tax Act, 1961 (43 of 1961), as amended from time to time, and the rules made thereunder.
13. Other functions of a real estate agent.--- The real estate agent shall provide assistance to enable the allottee and promoter to exercise their respective rights and fulfil their respective obligations at the time of booking and sale of any plot, apartment or building, as the case may be.
CHAPTER IV DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY