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RERA DUBAI EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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RERA DUBAI EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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RERA DUBAI EXAM 2024/2025 WITH 100%ACCURATE SOLUTIONS
DLD?\n\nwhen was DLD established? Dubai Land Deparpment\n\n1960
What is Rera?\n\nand when was it founded? real estate Regulatory
agency \n\n31st July 2007
what is the relationship between RERA & DLD Rera is a subsidiary
agency under DLD
What is an OQOOD? Pre title registration (off plan)
if the building is complete it has a….? Title Deed
what is ejari? online lease registration system with RERA\n\n(My
rent In Arabic)
Negotiating…..?\nseller\nbuyer\nagent seller wants HIGH\nbuyer wants
LOW\nagent offers CMV CURRENT MARKET VALUE
What are the transfer fees for sale of property?\n\nAnd who are they
paid too? 4%…..2% paid by the buyer\n 2% paid by the seller…
(unless agreed otherwise)\nPaid to The Dubai Land Department (DLD)
how many accounts (escrow) would each project need? each project
requires its own account and project name.
Brookers Cards\n\nBlue Sell and rent in dubai
Green\n\nRed\n\nYellow Developers license only\n\nSell time shares\
n\nFree Zone
Grey\n\nBlue with UAE FLAG registration Agent\n\nUAE National
broker
, ORN\n\nBRN\n\nSTR OFFICE REGISTRATION NUMBER\n\
nBROKERS REGISTRATION NUMBER\n\nSPECIAL
TRANSACTION REGISTER (valid for 72 hours)
What must you put on all forms? ORN \nBRN\nSTR\nYou will be
penalised if these are not used.
What must a Developer do, to be fully registered? \n\nhint…..4 things
Developer must be registered with RERA\nProject must be
registered with RERA\nEscrow Account (2007) Must be registered with
RERA \nNOC–no objection certificate
Forms\n\nWhat is form A required for? Seller and
Broker–(start/end/expiry date– 90 days valid can extend via A1 form\
n1.Exclusive 2.Sole 3.Open (max 3 brokers)
If it's a broker and broker deal, What formed should be used? Form –i
Termination? Form U\ntermination date, reason, 7 days notice, hand
officially
Form F may be used for…..? Buyer and Seller \nbuyer to sign first\
nseller: signs/rejects offer/Accepts/Makes counter offer.\n72 hours to
sign CMA current market analysis\nby completing form F you will
receive your commission regardless of what happens
If form F is completed and not agreed within 24 hours…\nwhat
happens? (law 85, 2006–when form f is produced and there is no
answer within 24 hours, you can then talk to the seller or the buyer
without the other broker.
What must the buyer do, to make a purchase?\n\nhint…3 things 1.
Make an offer in writing\n2. Down Payment Cheque\n3. Commission
cheque \n(Cheques must be held by brokers agency until contracts are
signed)
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