MahaRERA Agent Certification – Mock Test - ReraGuruji

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MahaRERA Agent Certification – Mock Test

Test your preparation for the MahaRERA Agent Certification with this mock test based on the latest syllabus and real exam pattern.

✅ Covers key topics from the RERA Act
✅ Timed questions for real exam feel
✅ Get instant results & explanations

Perfect for aspiring agents who want to boost confidence and improve accuracy before the actual exam.

Page 1 of 45

When did RERA Act come into force? 01 May 2017 8th March 2017 25th March 2016 25th March 2015

Page 2 of 45

When was RERA Act enacted? 01 May 2017 8th March 2017 01 May 2016 25th March 2016

Page 3 of 45

What does RERA stand for? Real Estate Regulatory Authority Real Estate RERA ACT 2017 Real Estate (Regulation & Developement) Act 2016 MahaRERA Real Estate Regulation Act 2016

Page 4 of 45

The RERA bill introduced by whom? Dr. Girija Vyas Venkaiah Naidu Narendra Modi P V Narasimha Rao

Page 5 of 45

When did the remaining sections of RERA come into force? 01 May 2017 8th March 2017 01 May 2016 25th March 2016

Page 6 of 45

In which section of RERA (short title, extent and commencement) mentioned? Section 1 Section 9 Section 3 Section 2

Page 7 of 45

In which section definitions of RERA given? Section 1 Section 9 Section 3 Section 2

Page 8 of 45

Which were the problems in the real estate industry? No Redressal forum Information asymmetry Huge delay in project completion All of these

Page 9 of 45

How many chapters & Sections are there in RERA Act 2016? 10 chapters and 62 Sections 11 chapters and 92 Sections 10 chapters and 62 Sections 10 Chapters and 92 Sections

Page 10 of 45

Promoter shall be required to provide updates on the status of projects to authority Monthly Quarterly Six Monthly Yearly

Page 11 of 45

What is the penalty if an agent fails to register under RERA? 5% of cost of Unit Rs. 10,000 for every day during the default, up to 5% of the cost of the unit. Rs. 10,000 for every day during the default All of the above

Page 12 of 45

Any person not satisfied with any decision of appellate tribunal may file an appeal to Supreme Court High Court District Court Civil Court

Page 13 of 45

MAHARERA stands for Maharashtra Real Estate Regulatory Authority Maharashtra Real Estate Regulatory Act Maharashtra Real Estate Regulation Act Real Estate (Regulation & Developement) Act 2016

Page 14 of 45

When was MAHARERA Established? 01 May 2017 8th March 2017 01 May 2016 25th March 2016

Page 15 of 45

Which of the following is not a requirement for transparency in MahaRERA? Providing access to records and documents Disclosing information about the project Publishing reports on the project's progress Making decisions in secret

Page 16 of 45

What is the role of the Real Estate Appellate Tribunal (REAT) in MahaRERA? To hear complaints To hear appeals against MahaRERA decisions Both a & b None of the above

Page 17 of 45

Can Promotors make changes in the layout or design of the project after it has been registered with MahaRERA? If majority of allottees agreed Only minor changes are allowed If 2/3rd of allottees agree None of the above

Page 18 of 45

Maximum extension in case of delay in project completion in MahaRERA 6 months 1 year 2 year No Limit

Page 19 of 45

What is the website for MahaRERA authority? www.maharera.maharashtra.gov.in www.maharera.com www.maharera.gov.in www.rera.gov.in

Page 20 of 45

What is the validity of a real estate agents registration? 5 years 1 year 10 years Lifetime

Page 21 of 45

What are the types of real estate agents? Non-Individual Individual Both A & B None of the above

Page 22 of 45

What is the name of the form to apply for registration of a real estate agent? Form H Form G Form I Form C

Page 23 of 45

What is the fee for the registration of a Proprietor Real Estate Agent? 5,000Rs 10,000Rs 1,00,000Rs 5,900Rs

Page 24 of 45

How many days earlier should a Real Estate Agent apply for renewal? At least 20 days At least 30 days At least 60 days At least 10 days

Page 25 of 45

After a real estate agents registration is revoked, when can they apply for a fresh application? After 6 months After 3 months After 9 months After 12 months

Page 26 of 45

Is it mandatory for a promoter to deposit 70% of the funds collected from buyers in a separate account? Yes No 30% only May be No 10% only

Page 27 of 45

What does the term "title" mean? Right to lease property Right to own property Right to borrow property Right to rent property

Page 28 of 45

When did the Real Estate (Regulation and Development) Act, 2016 (RERA) receive Presidential Accent? 01 May 2017 8th March 2017 01 May 2016 25th March 2016

Page 29 of 45

What is a building permit required to take possession by people, subject to conditions such as obtaining NOCs from various departments and government authorities? Completion Certificate Occupancy Certificate Final Inspection Report Conveyance Deed

Page 30 of 45

What is included in the RERA Carpet area? Internal partition walls Net usable floor area Both A and B None of the above

Page 31 of 45

How does the standardization of carpet area definition benefit homebuyers? It provides clarity on the usable area It allows for easy comparison between projects It helps them make informed decisions All of the above

Page 32 of 45

What is the first crucial document during the purchase of an apartment? Allotment letter O.C. Sanctioned plan Agreement for sale

Page 33 of 45

What is the maximum amount to be paid by the allottee for issuing the allotment letter by a promotor? 5% of agreement value 10% of agreement value 2% of agreement value 30% of agreement value

Page 34 of 45

What details are included in an allotment letter? Allotment of the said unit Allotment of parking space(s) Receipt of part consideration All of the above

Page 35 of 45

What is TDS? Transfer of Development Right Testing Development Source Tax Deducted on Salary Tax Deducted at Source

Page 36 of 45

Who is responsible to deduct TDS? Developer Agent None of the above Buyer

Page 37 of 45

TDS was introduced under a new section, 194(IA) included in the Income Tax Act, 1961 by which act? TDS Act, 2013 TDS Act, 1997 Finance Act, 2013 Finance Act, 1997

Page 38 of 45

Stamp Act 1958 is also known as? Bombay Stamp Act 1958 Stamp Duty Act 1958 Central Stamp Act 1958 Maharashtra Stamp Act 1958

Page 39 of 45

What is the name of the document that represents the cost head to be paid by owner at different stages of business operations in a tabular format? Cost sheet Schedule sheet Payment sheet Proposal sheet

Page 40 of 45

Miss Geeta bought a property in her brother's name for 80 Lakhs, what will be the Stamp Duty and Registration she needs to pay? Considering the current stamp duty is 7%. 5,90,000/- 4,80,000/- 5,60,000/- 5,10,000/-

Page 41 of 45

Is it permissible to sell a common parking area? Yes, if the customer is willing to buy at a premium price Yes No Yes, if covered by a shed

Page 42 of 45

Pramotor is responsible to form a legal entity of association of allottees after.......... within............ after 2/3rd booking confirmed, within 3 months after majority booking confirmed, within 2 months after majority booking confirmed, within 3 months after 2/3rd booking confirmed, within 2 months

Page 43 of 45

Which Act governs the registration of documents in India? Transfer of Property Act, 1882 Specific Relief Act, 1963 Indian Contract Act, 1872 Indian Registration Act, 1908

Page 44 of 45

Under which Act is an Agreement for Sale governed in India? Transfer of Property Act, 1882 Specific Relief Act, 1963 Indian Contract Act, 1872 Indian Registration Act, 1908

Page 45 of 45

What is a floating interest rate for a home loan? A rate that remains constant throughout the loan tenure A rate that depends on the borrower's credit score A variable rate that changes with market conditions.

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