RERA EXAM QUESTIONS WITH 100% CORRECT
ANSWERS
Highest Burj Khalifa - VERIFIED ANSWER✔✔-829,8 (2722 ft)
Business Bay number of buldings - VERIFIED ANSWER✔✔-240 (completed 2008)
Palm Jumeirah - VERIFIED ANSWER✔✔-3 Palms 520 km by Nakheel
Al Maktoum International Airport - VERIFIED ANSWER✔✔-Projected anual capacity 160 Million
passanger
The World Island - VERIFIED ANSWER✔✔-by Nakheel
Dubai Land Department (DLD) - VERIFIED 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 - VERIFIED ANSWER✔✔-Real Estate Regulatory Agency. Rera regulates the real estate investment
in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - VERIFIED 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 - VERIFIED 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 - VERIFIED ANSWER✔✔-You own property and land Forever.
Leasehold - VERIFIED ANSWER✔✔-You own property but not land
Tarakheesi - VERIFIED 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 - VERIFIED 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 - VERIFIED ANSWER✔✔-Can only sell developers project.
Red Broker Card - VERIFIED ANSWER✔✔-only time share properties; sell one unit to more than one
person.
Yellow Broker Card - VERIFIED ANSWER✔✔-only FZ properties
Return on investment (ROI) - VERIFIED 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? - VERIFIED ANSWER✔✔-A listing is a contract between an owner and broker.
What is the different between type of listings? - VERIFIED ANSWER✔✔--Exclusive
-Open listing
What is multiple listing? - VERIFIED ANSWER✔✔-MLS is an arrangement among a group of agents
whereby they agree to share information and split commission.
What is a qualified buyer? - VERIFIED ANSWER✔✔-Seeking to buy.
What is an assent? - VERIFIED ANSWER✔✔-It is something of value that one owns.
What is liability? - VERIFIED ANSWER✔✔-It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - VERIFIED ANSWER✔✔-It regulates the relationship between the tenant
and landlord.
ORN - VERIFIED ANSWER✔✔-Office Registration Number
BRN - VERIFIED ANSWER✔✔-Broker Registration Number
STR - VERIFIED ANSWER✔✔-Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - VERIFIED ANSWER✔✔-Penalty AED 50'000
Decree #21 of 2013 - VERIFIED ANSWER✔✔-Only the government has the power to cancel projects.
OQOOD - VERIFIED ANSWER✔✔-Pre-Title Registration "My ownership certificate"
ANSWERS
Highest Burj Khalifa - VERIFIED ANSWER✔✔-829,8 (2722 ft)
Business Bay number of buldings - VERIFIED ANSWER✔✔-240 (completed 2008)
Palm Jumeirah - VERIFIED ANSWER✔✔-3 Palms 520 km by Nakheel
Al Maktoum International Airport - VERIFIED ANSWER✔✔-Projected anual capacity 160 Million
passanger
The World Island - VERIFIED ANSWER✔✔-by Nakheel
Dubai Land Department (DLD) - VERIFIED 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 - VERIFIED ANSWER✔✔-Real Estate Regulatory Agency. Rera regulates the real estate investment
in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - VERIFIED 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 - VERIFIED 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 - VERIFIED ANSWER✔✔-You own property and land Forever.
Leasehold - VERIFIED ANSWER✔✔-You own property but not land
Tarakheesi - VERIFIED 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 - VERIFIED 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 - VERIFIED ANSWER✔✔-Can only sell developers project.
Red Broker Card - VERIFIED ANSWER✔✔-only time share properties; sell one unit to more than one
person.
Yellow Broker Card - VERIFIED ANSWER✔✔-only FZ properties
Return on investment (ROI) - VERIFIED 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? - VERIFIED ANSWER✔✔-A listing is a contract between an owner and broker.
What is the different between type of listings? - VERIFIED ANSWER✔✔--Exclusive
-Open listing
What is multiple listing? - VERIFIED ANSWER✔✔-MLS is an arrangement among a group of agents
whereby they agree to share information and split commission.
What is a qualified buyer? - VERIFIED ANSWER✔✔-Seeking to buy.
What is an assent? - VERIFIED ANSWER✔✔-It is something of value that one owns.
What is liability? - VERIFIED ANSWER✔✔-It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - VERIFIED ANSWER✔✔-It regulates the relationship between the tenant
and landlord.
ORN - VERIFIED ANSWER✔✔-Office Registration Number
BRN - VERIFIED ANSWER✔✔-Broker Registration Number
STR - VERIFIED ANSWER✔✔-Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - VERIFIED ANSWER✔✔-Penalty AED 50'000
Decree #21 of 2013 - VERIFIED ANSWER✔✔-Only the government has the power to cancel projects.
OQOOD - VERIFIED ANSWER✔✔-Pre-Title Registration "My ownership certificate"
