This section applies exclusively to verified real estate agents,
brokers, builders, developers, and all listing parties ("Agents")
operating on the FEETA Platform.
-
Data Fiduciary Obligations: When Agents collect
personal data from their clients (buyers, sellers, tenants,
landlords) in connection with transactions facilitated through the
Platform, Agents act as independent Data Fiduciaries under the
DPDP Act, 2023. Agents are solely responsible for ensuring their
own data collection practices are lawful, consensual, and
compliant.
-
PMLA KYC Obligations: Agents must collect,
verify, and maintain KYC (Know Your Customer) records of all
clients as required under the Prevention of Money Laundering Act,
2002 and the PMLA (Maintenance of Records) Rules, 2005. This
includes: Collecting government-issued identity proof and address
proof of buyers and sellers Verifying PAN for transactions above
applicable thresholds Maintaining transaction records for a
minimum of five (5) years Filing Suspicious Transaction Reports
(STRs) and Cash Transaction Reports (CTRs) with FIU-IND where
required
-
Prohibition on Misuse of User Data Agents are
strictly prohibited from: Using personal data of Users (contact
details, preferences, search behaviour) obtained through the
Platform for any purpose other than the specific property
transaction for which it was shared Sharing, selling, or
disclosing User personal data to any third party Using User data
for unsolicited marketing, spam, or cold-calling beyond the
immediate property enquiry Building databases or lists of Platform
users for commercial purposes unrelated to the Platform
-
RERA Disclosure Obligations: Builders and
developers listing upcoming projects must comply with all data
disclosure requirements under RERA, including accurate disclosure
of project details, agent credentials, and buyer-facing
information
-
Consequences of Non-Compliance: Agents who
violate their data compliance obligations under this section may
face: Immediate suspension or permanent termination of their
verified Agent account Removal of all associated listings from the
Platform Reporting to the Data Protection Board of India, RERA
authorities, FIU-IND, or relevant law enforcement Civil and
criminal proceedings including claims for damages, injunctions,
and penalties under applicable law
-
No Delegation of FEETA's Obligations: Agent data
compliance obligations are in addition to, and do not reduce or
limit, FEETA's own obligations as a Data Fiduciary under
applicable law.