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RERA Real Estate Regulatory Authority
Questions with Detailed Verified Answers
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Main policy of RERA
Ans: 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
Ans: the springs, meadows, parts of marina, burj khalifa, the greens, lots of downtown
nakheel developed
Ans: palm jumeiarh, international city,
land department established
Ans: 1960 january
organize transactions, documents for all parties in real estate for govt of dubai
Ans: land dept
relationship between rera and land dept
Ans: rera is subsidiary to land dept.
rera does what
Ans: regulates real estate in dubai
rera launched in
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Ans: 2007
rera is
Ans: a government agency with its own financial admin independence to make full legal
authority to regulate
rera's responsibilities
Ans: Regulate Real Estate:
Agents
HOA's
Rental agreements
developer escrows
Activities
Advertising
four types of broker cards
Ans: time share
free zone for specific area
all of dubai
developer properties only
agent code of ethics
Ans: fair treatment
respectful treatment
privacy
trust
quality
respect laws
integrity
society obligations
interest of contracting party
respect documets
respect land dept regulations
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