Under what condition can a developer's certificate of registration be revoked?

The condition under which a developer's certificate of registration can be revoked pertains to the developer's business conduct. A developer being of bad business repute indicates a lack of integrity or ethical standards in conducting business, which is crucial in the real estate development industry. When the reputation of a developer is tarnished due to fraudulent activities, mismanagement, or failure to meet contractual obligations, trust is undermined. Regulatory bodies prioritize consumer protection and the maintenance of high standards in the industry, so a developer's questionable reputation can be a significant reason for revocation of their registration.

Completion of all projects, pending payments to buyers, and successful audits of business practices do not inherently indicate any wrongful activity on the part of the developer. In fact, completing projects and undergoing audits align with good business practices, while pending payments could simply reflect ongoing transactions rather than unethical behavior. Hence, business repute stands out as a critical factor in maintaining a developer's registration.