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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}

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  • 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...

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  • October 16, 2024
  • 40
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Dubai RERA Broker
  • Dubai RERA Broker
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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

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