100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Dubai RERA Broker Exam 2023 with correct answers {GRADED A} $22.49   Add to cart

Exam (elaborations)

Dubai RERA Broker Exam 2023 with correct answers {GRADED A}

 4 views  0 purchase
  • Course
  • Dubai RERA Broker
  • Institution
  • Dubai RERA Broker

Dubai RERA Broker Exam 2023 with correct answers {GRADED A} land contract - CORRECT ANSWER buyer pays seller to occupy and use property net lease - CORRECT ANSWER buyer pays rent and other expenses gross lease - CORRECT ANSWER buyer pays only rent goes to heirs - CORRECT ANSWER Tenants in comm...

[Show more]

Preview 4 out of 40  pages

  • October 16, 2024
  • 40
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Dubai RERA Broker
  • Dubai RERA Broker
avatar-seller
GEO888
Dubai RERA Broker Exam 2023 with correct answers {GRADED A}


land contract - CORRECT ANSWER buyer pays seller to occupy and use property

net lease - CORRECT ANSWER buyer pays rent and other expenses

gross lease - CORRECT ANSWER buyer pays only rent

goes to heirs - CORRECT ANSWER Tenants in common, 2 of 3 people die. Who gets
the property of those who died?

Tenant owns it in severality - CORRECT ANSWER Joint Tenancy, 3 of 4 people die.
Who gets property of those who died?

Client - CORRECT ANSWER Another word for principal

race, nat. origin, sex, color, religion, disability, familial status - CORRECT ANSWER
Protected by Fair Housing Act

marital status - CORRECT ANSWER Not protected by Fair Housing Act

Blockbusting - CORRECT ANSWER telling homeowners that property values will be
declining because of ethical/racial makeup is changing

flat, paved parking lot - CORRECT ANSWER real estate put to its highest use

puffing - CORRECT ANSWER "This is the most prestigious street in town"

$5,000 - CORRECT ANSWER maximum fine for first offense

name and broker - CORRECT ANSWER an individual advertisement needs...

statement that they are licensed - CORRECT ANSWER a brokerage advertisement
needs...

48 hours - CORRECT ANSWER if listing is submitted to MLS, must notify customer
within...

at their next meeting - CORRECT ANSWER Licensee must deliver Consumer Info
Statement when...

,blanket mortgage - CORRECT ANSWER a mortgage that covers 2 parcels of land

tenancy at sufference - CORRECT ANSWER lease expires, tenants won't leave

easement in gross - CORRECT ANSWER gas company intrudes on land to fix a gas
line

the seller - CORRECT ANSWER signs the deed at a closing

listing agreement - CORRECT ANSWER least likely to require a legal description

let the client know - CORRECT ANSWER agent takes on a listing, decides to buy
house for themselves

honesty - CORRECT ANSWER Open house, declined agency relationship... What
does the agent owe the person?

disclose it to the buyers - CORRECT ANSWER leak in the house, seller is trying to
hide it but the agent finds it

listings stay with brokerage - CORRECT ANSWER agent switches brokerages, what
happens to their listings?

net listing - CORRECT ANSWER a seller wants a certain amount, the rest of the
money goes to the agent as commission

redlining - CORRECT ANSWER refusing to make loans in a minority neighborhood

consequence - CORRECT ANSWER NOT an element for a valid and enforceable
contract

liquidity damages - CORRECT ANSWER seller keeps earnest money deposit when
the buyer backs out

security deposit - CORRECT ANSWER LEAST likely to be needed in a lease

hypothecation - CORRECT ANSWER pledge of property as collateral for a loan

7 business days - CORRECT ANSWER lender must deliver loan estimate within ...

10 days of receipt - CORRECT ANSWER broker pays agent within...

,metes and bounds - CORRECT ANSWER beginning point (street name), then the
direction to go

call for late payments - CORRECT ANSWER What can an unlicensed assistant NOT
do?

PITI - CORRECT ANSWER principal, interest, taxes, insurance

clearing, adding structures, draining/filling, pesticides - CORRECT ANSWER
Wetlands: need a permit for...

selling wetlands - CORRECT ANSWER Wetlands: do not need a permit for...

encroachment - CORRECT ANSWER a fence 3 feet onto another property's lawn is
considered an ...

appurtenances - CORRECT ANSWER rights that transfer with real property (runs
with the land)

riparian rights - CORRECT ANSWER rights for rivers

littoral rights - CORRECT ANSWER rights for lakes

bill of sale - CORRECT ANSWER what is needed when a property is bought with
additional items included?

improvement - CORRECT ANSWER man-made attachment to the land

personal property - CORRECT ANSWER lumber and concrete are delivered to a
house and sitting in a backyard waiting to be used

periodic tenancy - CORRECT ANSWER specific time period

tenancy at will - CORRECT ANSWER no specified period or termination date

tenancy for years - CORRECT ANSWER specific start and end date

appurtenant easement - CORRECT ANSWER burden one piece of land for the benefit
of another piece of land

, Broker Joy just signed a listing agreement with a seller. When should Joy
schedule an office tour? - CORRECT ANSWER Within a week after the listing is
taken

What is NOT required between two parties as it relates to the violation of "mutual
assent"? - CORRECT ANSWER Written contacts

Title insurance protects more against _______. - CORRECT ANSWER Past events

Who has the most liability in a fiduciary relationship dispute over a real estate
transaction? - CORRECT ANSWER Principal broker

Who is required to be the trustee for a brokerage trust account fund? - CORRECT
ANSWER Principal broker

According to article 2, which of the following statements are TRUE? - CORRECT
ANSWER REALTORS® must disclose all known material facts but are not
obligated to discover latent defects in the property.

Vicky was posing as a customer of Establishment Realty. However, she was
really there to see if Establishment Realty was following fair housing laws. Vicky
was a _______. - CORRECT ANSWER Tester

What is physically and financially feasible, legal, and the most productive for a
property? - CORRECT ANSWER Its highest and best use

A party with all ownership rights in a property is said to hold ______. - CORRECT
ANSWER legal title

What is the name of the act of mixing personal funds with client funds in a trust
fund account? - CORRECT ANSWER Commingling

What type of agency cannot be revoked by the principal, nor is terminated if the
principal dies? - CORRECT ANSWER Agency coupled with an interest

Which national group has tried to stop real estate licensees from handling any
contacts? - CORRECT ANSWER American Bar Association

Without legal capacity and mutual consent in place, courts may likely do what to
the existing contracts or agency relationships? - CORRECT ANSWER Void them,
Rescind them, Cancel them

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller GEO888. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $22.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$22.49
  • (0)
  Add to cart