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?
I see. Are brokers required to be registered or have any kind of license to operate in Mumbai?
Yes, as per the Real Estate (Regulation and Development) Act, all brokers and agents are required to be registered with the Maharashtra Real Estate Regulatory Authority and obtain a license to operate in Mumbai.