Rera Exam with all Correct & 100% Verified Answers |
Latest Version |Already Graded A+
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.
, Yellow Broker Card ✔Correct Answer-only FZ properties
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
Code of Etics ✔Correct Answer-regulates your relationship with customers, with other agents and
with public.
Dubai Land Department (DLD) ✔Correct Answer-Established on January 24th 1960
Real Estate Regulatory Agency (RERA) ✔Correct Answer-Established in 2007
RERA Role is: ✔Correct Answer-Licensing all real estate activities.
Latest Version |Already Graded A+
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.
, Yellow Broker Card ✔Correct Answer-only FZ properties
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
Code of Etics ✔Correct Answer-regulates your relationship with customers, with other agents and
with public.
Dubai Land Department (DLD) ✔Correct Answer-Established on January 24th 1960
Real Estate Regulatory Agency (RERA) ✔Correct Answer-Established in 2007
RERA Role is: ✔Correct Answer-Licensing all real estate activities.
