RERA EXAM WITH 100% ACCURATE
ANSWERS
Dubai Land Department (DLD) - correct answersThe main objective of DLD is to organize and documents
all real estate transaction for and behalf Dubai Goverment. established 24.01.1960
Highest Burj Khalifa - correct answers829,8 (2722 ft)
Business Bay number of buldings - correct answers240 (completed 2008)
Regulation #3 of 2006 - correct answersIn 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.
Palm Jumeirah - correct answers3 Palms 520 km by Nakheel
Al Maktoum International Airport - correct answersProjected anual capacity 160 Million passanger
The World Island - correct answersby Nakheel
estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - correct answersRERA 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.
.
Freehold - correct answersYou own property and land Forever.
Leasehold - correct answersYou own property but not land
Tarakheesi - correct answersTarakheesi 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 answersBlue 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 answersCan only sell developers project.
Red Broker Card - correct answersonly time share properties; sell one unit to more than one person.
Yellow Broker Card - correct answersonly FZ properties
Return on investment (ROI) - correct answersIt 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 answersA listing is a contract between an owner and broker.
, What is the different between type of listings? - correct answers-Exclusive
-Open listing
What is multiple listing? - correct answersMLS is an arrangement among a group of agents whereby they
agree to share information and split commission.
What is a qualified buyer? - correct answersSeeking to buy.
What is an assent? - correct answersIt is something of value that one owns.
What is liability? - correct answersIt is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - correct answersIt regulates the relationship between the tenant and
landlord.
ORN - correct answersOffice Registration Number
BRN - correct answersBroker Registration Number
STR - correct answersSpecial Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - correct answersPenalty AED 50'000
Decree #21 of 2013 - correct answersOnly the government has the power to cancel projects.
OQOOD - correct answersPre-Title Registration "My ownership certificate"
ANSWERS
Dubai Land Department (DLD) - correct answersThe main objective of DLD is to organize and documents
all real estate transaction for and behalf Dubai Goverment. established 24.01.1960
Highest Burj Khalifa - correct answers829,8 (2722 ft)
Business Bay number of buldings - correct answers240 (completed 2008)
Regulation #3 of 2006 - correct answersIn 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.
Palm Jumeirah - correct answers3 Palms 520 km by Nakheel
Al Maktoum International Airport - correct answersProjected anual capacity 160 Million passanger
The World Island - correct answersby Nakheel
estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - correct answersRERA 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.
.
Freehold - correct answersYou own property and land Forever.
Leasehold - correct answersYou own property but not land
Tarakheesi - correct answersTarakheesi 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 answersBlue 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 answersCan only sell developers project.
Red Broker Card - correct answersonly time share properties; sell one unit to more than one person.
Yellow Broker Card - correct answersonly FZ properties
Return on investment (ROI) - correct answersIt 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 answersA listing is a contract between an owner and broker.
, What is the different between type of listings? - correct answers-Exclusive
-Open listing
What is multiple listing? - correct answersMLS is an arrangement among a group of agents whereby they
agree to share information and split commission.
What is a qualified buyer? - correct answersSeeking to buy.
What is an assent? - correct answersIt is something of value that one owns.
What is liability? - correct answersIt is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - correct answersIt regulates the relationship between the tenant and
landlord.
ORN - correct answersOffice Registration Number
BRN - correct answersBroker Registration Number
STR - correct answersSpecial Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - correct answersPenalty AED 50'000
Decree #21 of 2013 - correct answersOnly the government has the power to cancel projects.
OQOOD - correct answersPre-Title Registration "My ownership certificate"
