Rera Exam With 100% Correct And Verified Answers
Highest Burj Khalifa - Correct Answer-829,8 (2722 ft)
Business Bay number of buldings - Correct Answer-240 (completed 2008)
Palm Jumeirah - Correct Answer-3 Palms 520 km by Nakheel
Al Maktoum International Airport - Correct Answer-Project...
Rera Exam With 100% Correct And
Verified Answers
Highest Burj Khalifa - Correct Answer-829,8 (2722 ft)
Business Bay number of buldings - Correct Answer-240 (completed 2008)
Palm Jumeirah - Correct Answer-3 Palms 520 km by Nakheel
Al Maktoum International Airport - Correct Answer-Projected anual
capacity 160 Million passanger
The World Island - Correct Answer-by Nakheel
Dubai Land Department (DLD) - Correct 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 - Correct Answer-Real Estate Regulatory Agency. Rera regulates the
real estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - Correct 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 - Correct 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 - Correct Answer-You own property and land Forever.
Leasehold - Correct Answer-You own property but not land
,Tarakheesi - Correct 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 - Correct 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 - Correct Answer-Can only sell developers project.
Red Broker Card - Correct Answer-only time share properties; sell one unit
to more than one person.
Return on investment (ROI) - Correct 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? - Correct Answer-A listing is a
contract between an owner and broker.
What is the different between type of listings? -
Correct Answer--Exclusive
-Open listing
, What is multiple listing? - Correct Answer-MLS is an arrangement
among a group of agents whereby they agree to share information
and split commission.
What is a qualified buyer? - Correct Answer-Seeking to buy.
What is an assent? - Correct Answer-It is something of value that
one owns.
What is liability? - Correct Answer-It is opposite of asset ; It's a
debt or obligation that one owns.
What is the Law 26 of 2007 - Correct Answer-It regulates the
relationship between the tenant and landlord.
ORN - Correct Answer-Office Registration Number
BRN - Correct Answer-Broker Registration Number
STR - Correct Answer-Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - Correct Answer-Penalty
AED 50'000
Decree #21 of 2013 - Correct Answer-Only the government has the
power to cancel projects.
OQOOD - Correct Answer-Pre-Title Registration "My ownership
certificate"
MOLLAK - Correct Answer-My Strata Certificate
Owner Association And Registration
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