RERA Exam Questions and Answers Latest Update 2025 Graded A+
Highest Burj Khalifa - Answers 829,8 (2722 ft)
Business Bay number of buldings - Answers 240 (completed 2008)
Palm Jumeirah - Answers 3 Palms 520 km by Nakheel
Al Maktoum International Airport - Answers Projected anual capacity 160 Million passanger
The World Island - Answers by Nakheel
Dubai Land Department (DLD) - Answers The main objective of DLD is to organize and documents all real
estate transaction for and behalf Dubai Goverment. established 24.01.1960
RERA - Answers Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate
of Dubai. Launched 31 of July 2007.
Objectives of RERA - Answers 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 - Answers 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 - Answers You own property and land Forever.
Leasehold - Answers You own property but not land
Tarakheesi - Answers 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 - Answers 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 - Answers Can only sell developers project.
Red Broker Card - Answers only time share properties; sell one unit to more than one person.
Yellow Broker Card - Answers only FZ properties
Return on investment (ROI) - Answers 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? - Answers A listing is a contract between an owner and broker.
What is the different between type of listings? - Answers -Exclusive
-Open listing
What is multiple listing? - Answers MLS is an arrangement among a group of agents whereby they agree
to share information and split commission.
What is a qualified buyer? - Answers Seeking to buy.
What is an assent? - Answers It is something of value that one owns.
What is liability? - Answers It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - Answers It regulates the relationship between the tenant and landlord.
ORN - Answers Office Registration Number
BRN - Answers Broker Registration Number
STR - Answers Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - Answers Penalty AED 50'000
Decree #21 of 2013 - Answers Only the government has the power to cancel projects.
OQOOD - Answers Pre-Title Registration "My ownership certificate"
MOLLAK - Answers My Strata Certificate
Owner Association And Registration
, Code of Etics - Answers regulates your relationship with customers, with other agents and with public.
Dubai Land Department (DLD) - Answers Established on January 24th 1960
Real Estate Regulatory Agency (RERA) - Answers Established in 2007
RERA Role is: - Answers Licensing all real estate activities.
• Managing real estate developers' trust accounts.
• Licensing and organizing real estate agents.
• Regulating and registering Rental Agreements.
• Regulating and supervising the owners associations
• Regulating real estate advertisements in the media.
• Regulating and licensing Real estate exhibitions.
• Enhancing national participation in the real estate sector.
• Increasing real estate awareness
DREI - Answers Dubai Real Estate Institute (DREI)
Rental Dispute Settlement Center (RDC) - Answers The Rental Dispute Center, based at Dubai Land
Department, has been moved under the umbrella of DLD through Decree No: 26 of 2013.
Decree No. (21) of 2013 - Answers cancelled property projects
DEVELOPER' REGISTER - Answers The Developer must be registered with RERA.
The Project must be registered with RERA.
Highest Burj Khalifa - Answers 829,8 (2722 ft)
Business Bay number of buldings - Answers 240 (completed 2008)
Palm Jumeirah - Answers 3 Palms 520 km by Nakheel
Al Maktoum International Airport - Answers Projected anual capacity 160 Million passanger
The World Island - Answers by Nakheel
Dubai Land Department (DLD) - Answers The main objective of DLD is to organize and documents all real
estate transaction for and behalf Dubai Goverment. established 24.01.1960
RERA - Answers Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate
of Dubai. Launched 31 of July 2007.
Objectives of RERA - Answers 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 - Answers 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 - Answers You own property and land Forever.
Leasehold - Answers You own property but not land
Tarakheesi - Answers 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 - Answers 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 - Answers Can only sell developers project.
Red Broker Card - Answers only time share properties; sell one unit to more than one person.
Yellow Broker Card - Answers only FZ properties
Return on investment (ROI) - Answers 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? - Answers A listing is a contract between an owner and broker.
What is the different between type of listings? - Answers -Exclusive
-Open listing
What is multiple listing? - Answers MLS is an arrangement among a group of agents whereby they agree
to share information and split commission.
What is a qualified buyer? - Answers Seeking to buy.
What is an assent? - Answers It is something of value that one owns.
What is liability? - Answers It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - Answers It regulates the relationship between the tenant and landlord.
ORN - Answers Office Registration Number
BRN - Answers Broker Registration Number
STR - Answers Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - Answers Penalty AED 50'000
Decree #21 of 2013 - Answers Only the government has the power to cancel projects.
OQOOD - Answers Pre-Title Registration "My ownership certificate"
MOLLAK - Answers My Strata Certificate
Owner Association And Registration
, Code of Etics - Answers regulates your relationship with customers, with other agents and with public.
Dubai Land Department (DLD) - Answers Established on January 24th 1960
Real Estate Regulatory Agency (RERA) - Answers Established in 2007
RERA Role is: - Answers Licensing all real estate activities.
• Managing real estate developers' trust accounts.
• Licensing and organizing real estate agents.
• Regulating and registering Rental Agreements.
• Regulating and supervising the owners associations
• Regulating real estate advertisements in the media.
• Regulating and licensing Real estate exhibitions.
• Enhancing national participation in the real estate sector.
• Increasing real estate awareness
DREI - Answers Dubai Real Estate Institute (DREI)
Rental Dispute Settlement Center (RDC) - Answers The Rental Dispute Center, based at Dubai Land
Department, has been moved under the umbrella of DLD through Decree No: 26 of 2013.
Decree No. (21) of 2013 - Answers cancelled property projects
DEVELOPER' REGISTER - Answers The Developer must be registered with RERA.
The Project must be registered with RERA.
