India, Aug. 18 -- The Maharashtra Real Estate Regulatory Authority (MahaRERA) directed a real estate agent to pay 1% of the brokerage he received from a developer to a homebuyer who purchased a flat in the Mumbai real estate market through him. The order came after the homebuyer complained that the broker failed to honour a written promise to share 1% of the total 2% brokerage he earned from the developer with the buyer.

A Mumbai homebuyer, in a complaint to MahaRERA, said the real estate agent was entitled to receive a commission of 2% to 2.5% from the promoter (developer) for facilitating the transaction. The homebuyer said they had mutually agreed that 1% of this commission would be passed back to him.

This arrangement was confirmed ...