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Section 65 - Real Estate (Regulation and Development) Act, 2016
65. Penalty for failure to comply with orders of Authority by real estate agent.-
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.
Related Sections
- Section 40: Recovery of Interest or Penalty or Compensation and Enforcement of Order, Etc
- Section 8: Obligation of Authority Consequent upon Lapse of or on Revocation of Registration
- Section 66: Penalty for Failure to Comply with Orders of Appellate Tribunal by Real Estate Agent
- Section 86: Laying of Rules
- Section 56: Right to Legal Representation
Related Acts
* Only for reference.