RERA Exam Questions with 100% Correct
Answers
Highest Burj Khalifa
829,8 (2722 ft)
Business Bay number of buldings
240 (completed 2008)
Palm Jumeirah
3 Palms 520 km by Nakheel
Al Maktoum International Airport
Projected anual capacity 160 Million passanger
The World Island
by Nakheel
Dubai Land Department (DLD)
The main objective of DLD is to organize and documents all real estate transaction for and
behalf Dubai Goverment. established 24.01.1960
RERA
Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate of
Dubai. Launched 31 of July 2007.
Objectives of RERA
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
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
You own property and land Forever.
Leasehold
You own property but not land
Tarakheesi
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
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
, Can only sell developers project.
Red Broker Card
only time share properties; sell one unit to more than one person.
Yellow Broker Card
only FZ properties
Return on investment (ROI)
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?
A listing is a contract between an owner and broker.
What is the different between type of listings?
-Exclusive
-Open listing
What is multiple listing?
MLS is an arrangement among a group of agents whereby they agree to share information
and split commission.
What is a qualified buyer?
Answers
Highest Burj Khalifa
829,8 (2722 ft)
Business Bay number of buldings
240 (completed 2008)
Palm Jumeirah
3 Palms 520 km by Nakheel
Al Maktoum International Airport
Projected anual capacity 160 Million passanger
The World Island
by Nakheel
Dubai Land Department (DLD)
The main objective of DLD is to organize and documents all real estate transaction for and
behalf Dubai Goverment. established 24.01.1960
RERA
Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate of
Dubai. Launched 31 of July 2007.
Objectives of RERA
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
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
You own property and land Forever.
Leasehold
You own property but not land
Tarakheesi
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
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
, Can only sell developers project.
Red Broker Card
only time share properties; sell one unit to more than one person.
Yellow Broker Card
only FZ properties
Return on investment (ROI)
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?
A listing is a contract between an owner and broker.
What is the different between type of listings?
-Exclusive
-Open listing
What is multiple listing?
MLS is an arrangement among a group of agents whereby they agree to share information
and split commission.
What is a qualified buyer?
