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Exam (elaborations)

Rera Exam Study Guide.

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  • RERA

©THESTAR EXAM SOLUTIONS 2024/2025 ALL RIGHTS RESERVED. 1 | P a g e Rera Exam Study Guide. Highest Burj Khalifa - answer829,8 (2722 ft) Business Bay number of buldings - answer240 (completed 2008) Palm Jumeirah - answer3 Palms 520 km by Nakheel Al Maktoum International Airport - answerProjec...

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  • November 25, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • RERA
  • RERA
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©THESTAR EXAM SOLUTIONS 2024/2025

ALL RIGHTS RESERVED.




Rera Exam Study Guide.

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 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.


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, ©THESTAR EXAM SOLUTIONS 2024/2025

ALL RIGHTS RESERVED.
-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



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, ©THESTAR EXAM SOLUTIONS 2024/2025

ALL RIGHTS RESERVED.
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


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