Exam (elaborations)
Dubai RERA Broker Exam/80 Questions with Complete Solutions
Dubai RERA Broker Exam/80 Questions with Complete Solutions
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Dubai RERA Broker Exam/80 Questionswith Complete Solutions
Which law applies to
Land Registration & Ownership (Role of DLD) - -Law No. 7/2006
-Which law applies to
Designated Areas
(Freehold vs Leasehold for non GCC) - -Regulation No. 3 of 2006
-Which law applies to
Regulation of Real Estate Brokers - -Law No. 85/2006
-Which law applies to
Establishment of RERA - -Law No. 16/2007
-Which law applies to
Escrow Accounts - -Law No. 8/2007
-Which law applies to
Tenancy Law - -Law No. 26/2007
Law No. 33/2008 (amendment)
-Which law applies to
Jointly Owned Property ("JOPs") - -Law No. 27/2007
-Which laws applies to
Interim Pre-Title Register - -Law No. 13/2008
Law No. 9/2009
Decree No. 6/2010
-Which law applies to
Mortgage Law - -Law No. 14/2008
-Which laws applies to
Rentals Increases / Decreases - -Decree No. 1/2009
Decree No. 2/2001
-What does a transaction that is concluded contrary to Law 7 of 2006 result
in? - -A Breach of the Criminal Code, which could lead to prosecution and
professional sanctions.
-Structure of the
Dubai Real Estate Legal System - -1. Institutions
, 2. Registries
3. Laws
-Real Property Register - -"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... - -...in the Interim Real Estate
Register
-Project Registration with RERA includes - -1. Plans of the unit
2. Apartment numbers
3. Internal and external size
4. Common area plans
-Class A Brokers - -Exempt of taking the test
-Class B Brokers - -Must take a RERA DREI Test
-EJARI System - -System that records all rental agreements
-Who must register a rental agreement? - -The landlord
-Who pays for registering the rental agreement? - -The tenant
-Who's name is a project's trust account created - -The project
-Who can market a project's property units? - -An employee of the
developer
-Who applies for a broker's license? - -A registered brokerage company
-What are the 3 ratings given to brokers - -Silver, Gold & Platinum
-Color of badge for a general broker? - -Blue badge
All properties, Developer; Free zone but not Timeshare
-Color of badge for a developer specific broker? - -Green badge
-Color of badge for a free zone only broker? - -Yellow badge
-Color of badge for a time-share broker? - -Red badge
(Only Red badges can do time share an vice versa)
-Time limit to apply for renewal of broker's license - -1 month
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