Section 65
Penalty for failure to comply with orders of Authority by real estate agent.
The Real Estate (Regulation and Development) Act, 2016.
About this Act
An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto.
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.