Licence for property dealers in Faridabad
Any person, company or a society dealing in properties in Haryana will now have to get a licence according to the Haryana Regulation of Property Dealers and Consultants Rules, 2009 notified by the state government.
As per the rules, the licence holder shall get only one per cent commission on the agreed consideration value paid by the seller and purchaser of the property.
Both the seller and purchaser will pay 1/2 per cent on finalisation of the deal as per their agreement entered in the register of the dealer under the valid receipt.
In case of deal of lease/rent of immovable property, rate of commission shall be paid by the lesser and lessee at the rate of one month rent of property to the licence holder.
Any property dealer or a company/society/firm can apply for licence under the Act.
In case of individual, a person who has attained the age of 21 years and is not bankrupt can apply for a licence.
In case of individual, a person who has attained the age of 21 years and is not bankrupt can apply for a licence.