1. Channel Partner should be registered as ‘Agent’ under provisions of the Real Estate (Regulation and Development) Act, 2016 and the Rules framed thereunder with the Real Estate Regulatory Authority (RERA).
2. If Customer Complaints regards to any Channel Partner misguiding & trying to make Customer negative for Hiranandani Projects where two Channel Partners are involved 50-50 basis sharing will not be applicable. The positive Channel Partner will only get full brokerage and negative Channel Partner will get zero brokerage.
3. The Brokerage will be payable to the Channel Partner within 45 days after the completion of all required documentation formality and after receiving due payment.
4. If the client comes with another channel partner, within 90 days and closes the deal, the Brokerage for the said deal will get divided on 50-50 basis. i.e. 1% each.
5. Registration/appointment of Channel Partner shall be sole discretion of Promoter (may change project to project). Channel Partner registered with Promoter will not have authority to market any/all projects unless disclosed/declared on RERA website. Therefore, just registration with Promoter does not classify someone as an authorised Channel Partner.
6. The channel partner must ensure that the customer acknowledges in writing the intermediary role on the enquiry form.