Is this an official RERA exam simulation?
No. It is an original knowledge preview with multiple-choice checks and an integrated scenario. It does not reproduce RERA's current question bank, weighting, pass mark, time limit or delivery format. Because exam availability and format are not confirmed here, verify them directly with RERA; if an oral, practical, written or listening component exists, this sample checks supporting knowledge only.
Does the guide state current fees, pass marks or commission rates?
No. It deliberately avoids asserting official fees, pass marks, tax thresholds, commission norms or current exam structures without confirmation. The calculations use hypothetical percentages to test arithmetic and recordkeeping. Actual commission must come from the brokerage agreement and applicable requirements. Confirm current fees and procedural rules with RERA.
What should a transactions register contain?
Under the gazette provision, the register should contain transactions and relevant documents, the agreed commission for each transaction, property price and location, party details and transaction dates, purchaser deposits and sales-agent details. It must be submitted to RERA for approval at the end of each fiscal year or when requested, and retained for five years from the closing date of each transaction. Confirm current submission mechanics with RERA.
How should a broker handle a known material defect?
Disclose the known material condition accurately and advise the seller on truthful marketing. Concealment is not a safe answer even if the seller asks for silence. This guide does not decide legal liability or prescribe remedial works; where the facts are significant, verify the current disclosure obligation and contractual wording with RERA or legal counsel.
Can I rely on the worked calculations as real commission figures?
No. They are hypothetical arithmetic examples. Deposit and commission amounts depend on the actual agreement, price, percentage and any lawful adjustments. Write the formula, show the working and record the agreed basis. Do not treat a practice percentage as a market norm or regulatory requirement.
What happens if RERA requests records before fiscal year-end?
The gazette provision allows submission at the end of each fiscal year or at any other time when requested. A request should be handled by providing the register and supporting records as required, while maintaining complete and retrievable files. Confirm the current request procedure and any format requirements with RERA.
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