RERA Real Estate Regulatory Authority
Exam Study Guide.
Main policy of RERA - answer✔set policy, procedure and such for transactions in real estate in
order to increase foreign investments and have one central place to secure all parties involved.
Emaar developed - answer✔the springs, meadows, parts of marina, burj khalifa, the greens, lots
of downtown
nakheel developed - answer✔palm jumeiarh, international city,
land department established - answer✔1960 january
organize transactions, documents for all parties in real estate for govt of dubai - answer✔land
dept
relationship between rera and land dept - answer✔rera is subsidiary to land dept.
rera does what - answer✔regulates real estate in dubai
rera launched in - answer✔2007
rera is - answer✔a government agency with its own financial admin independence to make full
legal authority to regulate
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rera's responsibilities - answer✔Regulate Real Estate:
Agents
HOA's
Rental agreements
developer escrows
Activities
Advertising
four types of broker cards - answer✔time share
free zone for specific area
all of dubai
developer properties only
agent code of ethics - answer✔fair treatment
respectful treatment
privacy
trust
quality
respect laws