Who is Channel Partner?
Channel Partner is an individual person or company who is registered itself as “Real Estate Agent” under Maharashtra Real Estate Regulatory Authority. “Real Estate Agent” means any person, who negotiates or acts on behalf of one person in a transaction of transfer of his plot, apartment or building, as the case may be, in a real estate project, by way of sale, with another person or transfer of plot, apartment or building, as the case may be, of any other person to him and receives remuneration or fees or any other charges for his services whether as commission or otherwise and includes a person who introduces, through any medium, prospective buyers and sellers to each other for negotiation for sale or purchase of plot, apartment or building, as the case may be, and includes property dealers, brokers, middlemen by whatever name called.
Top 5 Benefits of Buying Property through Channel Partner: –
Channel Partners work with many developers for selling their real estate residential & commercial units. They come to know the negotiation margin of developers associated with them. Channel Partner can tell the last deal price because of his good relationship with developers. Channel Partner also negotiate rates on behalf of client with developers and he is getting good rate because of his past business reputation with developers. Due to channel partner help buyers can get the negotiation satisfaction.
Knowledge Sharing: –
Channel Partner has knowledge about all real estate project, developer’s reputation in the market and his good bad experience with any project or any developers, when any buyer approach to channel partner he can share all such information which helps the buyer to select right project and good developer.
One Stop Solution: –
Real Estate Buyer can visit unlimited projects along with channel partner, many channel partners are provides free pick-up drop facilities for site visits. channel partners help the buyer in documentation and in any other process till possession. Channel Partners are creating hassle free service to home buyers. They also help to the real estate investor in their investment.
Professional Service without any charges: –
Channel Partner plays role of Legal real estate advisor, he protects his buyer from any illegal activities. Channel partner are charging service fees to developers/builders but not charging any single Rs to real estate buyers. This is very big point to buy property through channel partner. Many time buyers are thinking about channel partner fees how can anybody provides service without any charges, yes no one is giving service free of cost but here only difference is they are charging service fees to developers/builders and providing service to buyers.
Confidence to Buy: –
Channel Partner generate huge confidence among the buyer’s, many times people are very confused about the project, location, prices and unable to take decision due to lack of knowledge but here channel partners are playing vital role for generating confidence with their knowledge about real esate market.
Function of Real Estate Agent ( Channel Partner):-
(1) not facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, being sold by the promoter in any planning area, which is not registered with the Authority; Obligation of Authority consequent upon lapse of or on revocation of registration. Registration of real estate agents.
(2) maintain and preserve such books of account, records and documents as may prescribed.
(3) not involve himself in any unfair trade practices,
(A) the practice of making any statement, whether orally or in writing or by visible representation which—
(i) falsely represents that the services are of a particular standard or grade;
(ii) represents that the promoter or himself has approval or affiliation which such promoter or himself does not have;
(iii) makes a false or misleading representation concerning the services;
(B) permitting the publication of any advertisement whether in any newspaper or otherwise of services that are not intended to be offered.
(4) facilitate the possession of all the information and documents, as the allottee, is entitled to, at the time of booking of any plot, apartment or building, as the case may be;
(5) discharge such other functions as may be prescribed
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Mr.Siddhu Adhav.Property Consultant since 2010