The conversation between human and AI assistant.
Are house brokers in Mumbai legally allowed to charge brokerage from the landlord and / or the tenant for a rented property every year the agreement is renewed?
Thank you for the information. One last thing, is there any way for tenants or landlords to verify the legitimacy of a broker before engaging their services?
One way would be to check if the broker is registered with the Maharashtra Real Estate Regulatory Authority, as licensed brokers are required to display their registration number in all their advertisements and communication. It would also be a good idea to do some research on the broker and check their references and reviews from previous clients.