Initially, before 2016 when the RERA act was not present, and hence the involvement of real estate agents or brokers in illegal acts and corruptions and was highly prevalent but now the RERA act has come up with rules and regulations to keep such actions in check and also achieve transparency so that any real estate agent or broker cannot deceive consumers or homebuyers. But there are some of the general illegal acts which are still done by the real estate agents or brokers which need to be watched by the consumers before purchasing any piece of property or home. Misrepresentation:- This is the most common practice done by real estate agents. In this type of malpractice, they do not give some important information about the property which they should have given but there is no intention to deceive. This is the basic difference between fraud and misrepresentation. Fraud:- In this type of activity, the real estate agents with the intention to deceive do not disclose information or intentionally give false information about the property. 3. Negligence in performing fiduciary duties:– The most important duty of a real estate agent is, to be honest in his work and act as he is performing the work for himself. The real estate agent is hired on trust as the person hiring him so that the agent should acts as a proxy for their client by making the best decisions for the client, giving the right information about the property without any bad intentions. 4. Wrongfully inducing to buy or book or sell a property:- In these cases, a real estate agent wrongfully induces a client to buy or sell a property.
EC and CC are the Encumbrance Certificate and Completion certificate.»Proceed