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