Rera Exam Study Guide 2026 - Latest Edition Updated

Rera Exam Study Guide 2026 - Latest Edition Updated 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" MOLLAK - answer - My Strata Certificate Owner Association And Registration Code of Etics - answer - regulates your relationship with customers, with other agents and with public. Dubai Land Department (DLD) - answer - Established on January 24th 1960 Real Estate Regulatory Agency (RERA) - answer - Established in 2007 RERA Role is: - answer - 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 estat