Section 65 in Jammu and Kashmir Real Estates (Regulation and Development) Act, 2018
65. Penalty for failure to comply with order of Authority by real estate agent.
- If any real estate agent, who fails to comply with, or contravenes any of the orders or directions of the Authority, he shall be liable to a penalty for every day during which such default continues, which may cumulatively extend up to five per cent of the estimated cost of plot, apartment or building, as the case may be, of the real estate project, for which the sale or purchase has been facilitated and as determined by the Authority.
