MahaRERA Agent Exam Question Paper (Solved + Practice)
The MahaRERA agent certification exam is conducted by IBPS on behalf of MahaRERA. It consists of 50 multiple-choice questions to be answered in 40 minutes. The passing mark is approximately 40–50%. Agents who fail all 3 attempts must re-enrol in the 20-hour training programme. Below you will find solved sample questions in the same pattern as the real exam, plus an explanation of why previous year papers alone are not enough preparation.
MahaRERA Exam — Solved Sample Questions
These questions are written in the same format and difficulty level as the actual IBPS exam for MahaRERA agent certification. Each question includes the correct answer and an explanation.
Question 1 RERA Act 2016
Under Section 3 of the RERA Act 2016, a real estate project is exempt from registration if it meets which of the following conditions?
The project has less than 20 apartments
B. The land area does not exceed 500 sq.m. OR apartments do not exceed 8, inclusive of all phases
The project is in a rural area
The promoter has received an OC before 2020
Explanation: Section 3 exempts projects where EITHER the land area is ≤500 sq.m. OR the number of apartments (across all phases) is ≤8. A project that received an Occupancy Certificate before the Act came into force (1 May 2017) is also exempt.
Question 2 Agent Registration
What is the daily penalty for a real estate agent who facilitates a property transaction without a valid MahaRERA registration?
₹5,000 per day
₹25,000 per day
C. ₹10,000 per day, up to a maximum of 5% of the property value
₹50,000 flat fine
Explanation: Section 62 of the RERA Act prescribes a penalty of ₹10,000 per day for unregistered agents. This accumulates until compliance, subject to a maximum cap of 5% of the cost of the property involved in the transaction.
Question 3 Promoter Obligations
A promoter collects ₹50 lakhs from allottees for a registered project. What is the minimum amount that must be deposited into the designated bank account under Section 4 of the RERA Act?
₹25 lakhs (50%)
₹40 lakhs (80%)
₹50 lakhs (100%)
D. ₹35 lakhs (70%)
Explanation: Section 4(2)(l)(D) requires the promoter to deposit 70% of all amounts realised from allottees into a separate designated bank account. This money can only be withdrawn for land and construction costs, certified by an engineer, architect, and CA proportionate to construction completed.
Question 4 Allottee Rights
A buyer's possession has been delayed by 14 months. Under Section 18 of the RERA Act, at what rate is the promoter liable to pay interest for the delay?
SBI MCLR rate only
Fixed rate of 12% per annum
C. SBI's highest Marginal Cost of Lending Rate (MCLR) plus 2%
RBI Repo rate plus 3%
Explanation: Section 18 and the Maharashtra Rules prescribe interest at SBI MCLR + 2% per annum on the amount paid, for every month of delay. The same rate applies symmetrically — if the buyer delays payment, they pay MCLR + 2% to the promoter.
Question 5 MahaRERA Portal
Before facilitating the sale of a property, a real estate agent must verify which of the following on the MahaRERA portal?
The promoter's personal credit score
B. That the project's MahaRERA registration is current and valid
The number of complaints filed by the agent themselves
The stamp duty payable on the transaction
Explanation: Section 9(2) requires a registered agent to only facilitate transactions in RERA-registered projects. Before any sale, the agent must verify the MahaRERA project registration number on maharera.maharashtra.gov.in to confirm it is active, not expired, revoked, or lapsed.
Question 6 Agent Responsibilities
A real estate agent's MahaRERA registration is valid for how long, and must be renewed how many days before expiry?
3 years, renewed 30 days before expiry
5 years, renewed 30 days before expiry
C. 5 years, renewed at least 60 days before expiry
2 years, renewed 90 days before expiry
Explanation: Rule 12(4) states that agent registration is valid for 5 years. Rule 13(1) requires renewal applications to be submitted at least 60 days before the registration expires. The renewal process requires the same documents and fees as the original application.
Question 7 Due Diligence
What is the maximum advance a promoter can collect from a buyer before executing a registered Agreement for Sale?
5% of the property cost
B. 10% of the property cost
20% of the property cost
No advance is permitted before the agreement
Explanation: Section 13(1) clearly prohibits promoters from accepting more than 10% of the cost of the apartment, plot, or building as an advance or application fee before executing a registered agreement for sale with the allottee.
Question 8 Penal Provisions
Under Section 59 of the RERA Act, what is the maximum penalty for a promoter who fails to register a project that is required to be registered?
Up to 5% of the project cost
B. Up to 10% of the estimated cost of the project
₹10 lakh flat penalty
Cancellation of business licence only
Explanation: Section 59(1) prescribes a penalty of up to 10% of the estimated cost of the real estate project for failure to register. If the promoter continues the violation after the penalty order, Section 59(2) provides for imprisonment of up to 3 years, or fine up to 10%, or both.
Why Previous Year Papers Are Not Enough
Questions do not repeat exactly
IBPS changes the question wording and option order every exam cycle. Memorising previous year answers will not help if the same concept appears in a different form. You need to understand the principle, not the answer.
Time pressure is the hidden challenge
50 questions in 40 minutes means 48 seconds per question. Agents who read past papers without timing themselves routinely run out of time in the real exam. The clock is its own obstacle.
Pattern understanding matters more than content recall
The exam tests application, not memory. A question about Section 18 will give you a scenario — a buyer whose possession is delayed — and ask what options are available. You need to apply the section to a situation, not just recall that Section 18 exists.
You only know you are ready when you score consistently
A PDF of past questions cannot tell you your score, identify your weak topics, or adjust to what you get wrong. Without feedback on your actual performance, you are guessing at your readiness — which is exactly the wrong place to be with 3 attempts total.
Practice Full MahaRERA Mock Test
50 questions 40 minutes Same format as the real IBPS exam. See your score instantly, find your weak topics, and practise until every topic meter turns green.
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Complete Topic-wise Sample Questions with Explanations
The questions below reflect the style and difficulty of the actual IBPS MahaRERA exam. Each includes a full explanation citing the relevant section.
Question 1 RERA Act 2016 — Section 3
Project A has 6 apartments on a 490 sq.m. plot. Project B has 9 apartments on a 490 sq.m. plot. Project C has 7 apartments on a 510 sq.m. plot. Which of these require MahaRERA registration?
Only Project A
B. Only Projects B and C
All three projects
None — all are below 500 sq.m.
Explanation: Section 3 exempts projects where EITHER the plot area does not exceed 500 sq.m. OR the apartments do not exceed 8. Project A: 6 units ✓ AND 490 sq.m. ✓ — exempt. Project B: 9 units fails the ≤8 condition — must register. Project C: 7 units ✓ but 510 sq.m. fails the ≤500 condition — must register. Answer: B and C.
Question 2 Agent Registration — Section 62
An agent facilitates the sale of a ₹80 lakh flat without MahaRERA registration. For how long has the violation continued — assume 60 days. What is the maximum penalty?
₹6,00,000 (₹10,000 × 60 days)
B. ₹4,00,000 (5% of ₹80 lakh — whichever is lower than the daily accumulation)
₹10,000 fixed regardless of duration
₹8,00,000 (10% of property value)
Explanation: Section 62: the penalty is ₹10,000 per day accumulating to a maximum of 5% of the property cost. 5% of ₹80 lakh = ₹4 lakh. At ₹10,000/day, 60 days = ₹6 lakh — but this exceeds the 5% cap. So the maximum penalty is ₹4 lakh (5% of ₹80 lakh). The cap acts as an absolute ceiling.
Question 3 MahaRERA Rules — Registration Fees
Rajan runs a sole proprietorship real estate brokerage. Priya runs a private limited company offering real estate brokerage services. What are their respective MahaRERA registration fees?
Both pay ₹10,000
Both pay ₹1,00,000
C. Rajan pays ₹10,000; Priya pays ₹1,00,000
Rajan pays ₹5,000; Priya pays ₹50,000
Explanation: Under Maharashtra RERA Rules: individual agents and sole proprietors pay ₹10,000. Companies, partnership firms, and LLPs pay ₹1,00,000 — exactly 10 times the individual rate. A sole proprietorship is treated as an individual agent, not as a company. Both fees apply for initial registration and renewal.
Question 4 Allottee Rights — Section 18
A buyer paid ₹45 lakh for a flat with possession promised in June 2023. It is now June 2024 — one year delayed. The buyer decides to stay in the project. MCLR + 2% = 10% p.a. How much can the buyer claim as delay interest?
₹2.25 lakh
B. ₹4.5 lakh
₹9 lakh
Nothing — the buyer must withdraw to claim anything
Explanation: Section 18(1): an allottee who stays in the project despite delay is entitled to monthly interest at the prescribed rate. Interest = ₹45 lakh × 10% × 1 year = ₹4.5 lakh. The buyer does not need to withdraw to claim this — it accrues monthly throughout the delay period and must be paid by the promoter.
Question 5 Due Diligence
A buyer's agent notices the project's MahaRERA registration expired 2 months ago. The promoter says "it is being renewed, there's no issue, you can proceed with the booking." The agent should:
Proceed — registration renewal is routine and does not affect the transaction
Proceed but mention the issue in writing to the buyer
C. Not facilitate the transaction — agents cannot facilitate sales in projects without current valid registration
Proceed if the promoter provides a written undertaking about renewal
Explanation: Section 9(2) of RERA: a registered agent can only facilitate transactions in projects that are currently registered. An expired registration means the project cannot be legally marketed or sold. No written undertaking from the promoter changes this. Facilitating the transaction exposes the agent to penalty under Section 65. The only correct course is to wait until the registration is validly renewed.
Question 6 Promoter Obligations — Section 14
A project has 40 allottees. The promoter wants to change the clubhouse design. How many allottees must give written consent for this to be valid under RERA?
21 (simple majority — more than 50%)
B. At least 27 (two-thirds of 40 = 26.67, rounded up)
All 40 allottees must consent
No consent needed — minor changes are the promoter's prerogative
Explanation: Section 14(2): any addition or alteration in the sanctioned plans requires prior written consent of at least two-thirds of allottees. Two-thirds of 40 = 26.67. Since you cannot get 0.67 of a person, at least 27 allottees must consent. Changing a clubhouse is an alteration in the sanctioned plan — it is not a "minor" change exempt from this requirement.
Question 7 Sales and Documentation — Stamp Duty
A flat is agreed to be sold at ₹70 lakh. The government Ready Reckoner (circle) rate for that area is ₹80 lakh. At Maharashtra's standard stamp duty rate of 6%, how much stamp duty is payable?
₹4.2 lakh (6% of ₹70 lakh)
B. ₹4.8 lakh (6% of ₹80 lakh)
₹7.5 lakh (6% average of both values)
₹3 lakh (standard flat rate)
Explanation: Stamp duty is always levied on the higher of the actual transaction value or the Ready Reckoner (circle) rate. Since ₹80 lakh (RR rate) is higher than ₹70 lakh (agreed price), stamp duty = 6% × ₹80 lakh = ₹4.8 lakh. This rule prevents undervaluation of properties to evade stamp duty. The RR rate is set annually by the Maharashtra government.
Topics and Their Difficulty Levels
Different topics in the MahaRERA exam vary in difficulty. Understanding where the hard questions come from helps you allocate study time efficiently.
Topic
Difficulty
Most Tested Areas
RERA Act 2016
Medium-Hard
Penalty sections, scenario questions on Sections 14 and 18
MahaRERA Rules
Easy-Medium
Registration fees, form numbers, portal requirements
Agent Registration
Easy
Section 9 and 10, registration validity, renewal process
Section 18 interest calculations, carpet area shortfall refunds
Due Diligence
Medium
Document types, lapsed registration scenarios
Sales & Documentation
Easy
Stamp duty calculations, TDS on property purchase
Frequently Asked Questions — MahaRERA Question Paper
Does MahaRERA release official past question papers?
No. MahaRERA and IBPS do not officially release past question papers for the agent certification exam. RERAExam.com provides 900+ practice questions written in the same style and format as the IBPS exam, based on the official MahaRERA agent handbook and syllabus. These are not leaked papers — they are independently written practice questions.
How many questions come from MahaRERA rules vs the central RERA Act?
Approximately 14 questions (28%) come from the central RERA Act 2016. Approximately 10 questions (20%) come from Maharashtra-specific rules, portal requirements, and MahaRERA circulars. The remaining 32 questions cover the other 5 topics. Studying only the RERA Act and ignoring Maharashtra-specific rules is a common preparation mistake.
Are questions from the official MahaRERA handbook included?
Yes. All questions on RERAExam are based on the official MahaRERA Agent Handbook, the RERA Act 2016, Maharashtra RERA Rules, and MahaRERA circulars. Questions cover all sections that appear in the handbook — including agent registration forms, fees, formats, conciliation forum details, and portal procedures.
What is the difference between easy, medium, and hard questions in the exam?
Easy questions test direct knowledge — "What is the registration fee for an individual agent?" or "How many sections does the RERA Act have?" Medium questions apply a section to a scenario — "An allottee's possession is delayed. What can they claim?" Hard questions require synthesising multiple sections — "A promoter transfers majority rights without allottee consent and continues selling. Which sections apply and what are the respective penalties?"
Disclaimer: RERAExam is an independent exam preparation platform. It is not affiliated with MahaRERA, IBPS, or any government authority. Questions on this page are written for practice purposes and do not constitute official exam papers.