RERA Exam

RERA EXAM 2024 WITH 100% CORRECT ANSWERS What is the DLD registration fee of usufruct right? - correct answer 2% from the real property value What are the fees for registration of a lease finance in the name of the financier? - correct answer 0.25% Where do I register loan buyout from bank to bank? - correct answer Registration trustee office What is the maximum cash limit that buyer can pay for the property price in AED? - correct answer Trick Question: CASH IS NOT ALLOWED, only manager cheque According to the code of ethics breaching the client privacy includes revealing the reason for the sale, or other private knowledge without your clients permission? Correct or Incorrect - correct answer Incorrect What is the type of title deed I receive when I buy leasehold property? - correct answer Lease to own development Which type of leasing commonly uses a percentage method? - correct answer Shopping Malls What should property managers account for when preparing a management budget for variable expenses - correct answer Cash reserve fund What is the tax % applied on residential completed property? - correct answer No tax is applied on buying residential property What is the tax applied on off plan property? - correct answer No tax is applied on buying off plan property What is Dubai Municipality housing fee applied on free hold property that is not leased? - correct answer 5% from the rental index average amount The method to value a most located in the UAE is: - correct answer Cost approach Do property valuers need to carry out an inspection? - correct answer Yes Valuers can estimate the implied future rental growth by analysing yields? - correct answer Yes/True What types of cases are raised to the rental dispute center? - correct answer Financial obligations and evictions If a tenant's cheque is bounced more than once where should I file a case requesting cheque settlement or eviction considering my lease contract is for a school of 20 years? - correct answer Dubai Police If a tenant's cheque is bounced more than once, where do I file a case requesting cheque settlement or eviction considering my lease is a contract for school of 7 years? - correct answer Rental dispute center Can a broker initiate a contract between a seller and buyer for a sales transaction without verifying ownership? - correct answer Yes, verification of ownership is required for the sale and lease transactions' process not it's contracts If the broker fee is not determined by agreement then the fee shall be - correct answer According the prevailing practise