DUBAI RERA BROKER EXAM 2023 100 QUESTIONS WITH

DUBAI RERA BROKER EXAM 2023 100+ QUESTIONS WITH

VERIFIED CORRECT ANSWERS/A+ GRADE

Which law applies to Land Registration & Ownership (Role of DLD)

• ANSWER-Law No. 7/2006

Which law applies to Designated Areas (Freehold vs Leasehold for non GCC)

• ANSWER-Regulation No. 3 of 2006

Which law applies to Regulation of Real Estate Brokers

• ANSWER-Law No. 85/2006

Which law applies to Establishment of RERA

• ANSWER-Law No. 16/2007

Which law applies to Escrow Accounts

• ANSWER-Law No. 8/2007

Which law applies to Tenancy Law

• ANSWER-Law No. 26/2007

Law No. 33/2008 (amendment)

Which law applies to Jointly Owned Property ("JOPs")

• ANSWER-Law No. 27/2007

Which laws applies to Interim Pre-Title Register

• ANSWER-Law No. 13/2008

Law No. 9/2009 Decree No. 6/2010

Which law applies to Mortgage Law

• ANSWER-Law No. 14/2008

Which laws applies to Rentals Increases / Decreases - ANSWER-Decree No. 1/2009

DUBAI RERA BROKER EXAM 2023 100+ QUESTIONS WITH

VERIFIED CORRECT ANSWERS/A+ GRADE

Decree No. 2/2001

What does a transaction that is concluded contrary to Law 7 of 2006 result in? - ANSWER-A Breach of the Criminal Code, which could lead to prosecution and professional sanctions.

Structure of the Dubai Real Estate Legal System

• ANSWER-1. Institutions
• Registries
• Laws

Real Property Register

• ANSWER-"A set of documents held in written or electronic format in the

electronic register at the Department, which point out the description and location of Real Property and the rights attached hereto".

Sale of an off-plan unit must be registered...

• ANSWER-...in the Interim Real Estate Register

Project Registration with RERA includes

• ANSWER-1. Plans of the unit
• Apartment numbers
• Internal and external size
• Common area plans

Class A Brokers

• ANSWER-Exempt of taking the test

Class B Brokers

• ANSWER-Must take a RERA DREI Test

EJARI System

• ANSWER-System that records all rental agreements

Who must register a rental agreement?

• ANSWER-The landlord

Who pays for registering the rental agreement?

• ANSWER-The tenant

Who's name is a project's trust account created

• ANSWER-The project

DUBAI RERA BROKER EXAM 2023 100+ QUESTIONS WITH

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Who can market a project's property units?

• ANSWER-An employee of the developer

Who applies for a broker's license?

• ANSWER-A registered brokerage company

What are the 3 ratings given to brokers

• ANSWER-Silver, Gold & Platinum

Color of badge for a general broker?

• ANSWER-Blue badge

All properties, Developer; Free zone but not Timeshare

Color of badge for a developer specific broker?

• ANSWER-Green badge

Color of badge for a free zone only broker?

• ANSWER-Yellow badge

Color of badge for a time-share broker?

• ANSWER-Red badge

(Only Red badges can do time share an vice versa)

Time limit to apply for renewal of broker's license

• ANSWER-1 month

What is ORN?

• ANSWER-Office Registration Number

What is BRN?

• ANSWER-Broker Registration Number

Rental commission norm

- ANSWER-5%

(You can charge more if you inform them of the norm)

How much can a developer charge in admin fees (NOC) for a finished property? - ANSWER-500 dhs

How much can a developer charge in admin fees(NOC) for unfinished property? - ANSWER-5000 dhs

DUBAI RERA BROKER EXAM 2023 100+ QUESTIONS WITH

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A developer must establish an OA within x days of the first unit being sold.. - ANSWER- x = 90 days

All sales of multi unit properties must be attached to an JOPD - ANSWER-True

OA appoints a service manager who carries out.. - ANSWER-MOM (Management, Operation and maintenance)

OA convenes an AGM to appoint Board, which numbers: - ANSWER-5 or 7 with 3

spare.

The developer can own a max of what percentage of a building? - ANSWER-50%

How long does a developer warrantee the building for? - ANSWER-10 Years

What is the name of the system every broker must be registered on? - ANSWER-

SIMSARI

What is Form A? - ANSWER-Between Seller & Broker

What is Form B? - ANSWER-Between Buyer and Broker

What is for U - ANSWER-Client terminating broker (7 days notice) (must be attached to form A and B)

What is Form I - ANSWER-Inter-broker agreements

What is Form F - ANSWER-Sales agreement between all parties

Max term for form A - ANSWER-90 days

Form A can be of what 3 types? - ANSWER-1. Exclusive

• Sole
• Open Listed (max 3)

Max number of days that a sales is valid for? - ANSWER-3 Days

- ANSWER

Valuation CMA is of how many units over what time frame? -6 units in last 6 weeks

Who signs form F first? - ANSWER-Buyer signs first = offer Seller signs second = contract

Seller has 3 options in response to a buyer's offer, which are: - ANSWER-Accept, reject, counteroffer