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Section 65 : Penalty for failure to comply with orders of Authority by real estate agent - The Real Estate (Regulation and Development) Act, 2016

 

What is Penalty for failure to comply with orders of Authority by real estate agent under section 65 of The Real Estate (Regulation and Development Act, 2016). Penalty for failure to comply with orders of Authority by real estate agent is defined under Section 65 of the Act. Provisions under Section 65 are:

 

 

Section 65 "Penalty for failure to comply with orders of Authority by real estate agent" - The Real Estate (Regulation and Development Act, 2016)

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.

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