Rera Exam
Highest Burj Khalifa - Answer-829,8 (2722 ft)
Business Bay number of buldings - Answer-240 (completed 2008)
Palm Jumeirah - Answer-3 Palms 520 km by Nakheel
Al Maktoum International Airport - Answer-Projected anual capacity 160 Million passanger
The World Island - Answer-by...
Business Bay number of buldings - Answer-240 (completed 2008)
Palm Jumeirah - Answer-3 Palms 520 km by Nakheel
Al Maktoum International Airport - Answer-Projected anual capacity 160 Million
passanger
The World Island - Answer-by Nakheel
Dubai Land Department (DLD) - Answer-The main objective of DLD is to organize
and documents all real estate transaction for and behalf Dubai Goverment.
established 24.01.1960
RERA - Answer-Real Estate Regulatory Agency. Rera regulates the real estate
investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - Answer-RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
Regulation #3 of 2006 - Answer-In 2001 Dubai Goverment agreed to allow expats to
have 99-year lease of particular property. In 2002 Sheikh Mohammed bin Rashid Al
Maktoum, issued a decree allowing foreigners to buy property on freehold
ownership.
Freehold - Answer-You own property and land Forever.
Leasehold - Answer-You own property but not land
Tarakheesi - Answer-Tarakheesi is web application meant for Real Estate Offices for
managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card - Answer-Blue card issued under the DED licenses and brokers
are allowed to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time share.
, Green Broker Card - Answer-Can only sell developers project.
Red Broker Card - Answer-only time share properties; sell one unit to more than one
person.
Yellow Broker Card - Answer-only FZ properties
Return on investment (ROI) - Answer-It measures the gain or loss generated on an
investment relative to the amount of money invested.
ROI is usually expressed as a percentage and is typically used for personal financial
decisions, to compare a company's profitability or to compare the efficiency of
different investments.
ROI (Net profit/Cost of investment)x100
What's is a listing? - Answer-A listing is a contract between an owner and broker.
What is the different between type of listings? - Answer--Exclusive
-Open listing
What is multiple listing? - Answer-MLS is an arrangement among a group of agents
whereby they agree to share information and split commission.
What is a qualified buyer? - Answer-Seeking to buy.
What is an assent? - Answer-It is something of value that one owns.
What is liability? - Answer-It is opposite of asset ; It's a debt or obligation that one
owns.
What is the Law 26 of 2007 - Answer-It regulates the relationship between the tenant
and landlord.
ORN - Answer-Office Registration Number
BRN - Answer-Broker Registration Number
STR - Answer-Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - Answer-Penalty AED 50'000
Decree #21 of 2013 - Answer-Only the government has the power to cancel projects.
OQOOD - Answer-Pre-Title Registration "My ownership certificate"
MOLLAK - Answer-My Strata Certificate
Owner Association And Registration
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