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Exam (elaborations)

Dubai RERA 80 Quiz Exam Questions And Answers

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A developer must establish an OA within x days of the first unit being sold.. - ️️x = 90 days A mortgage may be secured by one of what 3 things? - ️️1. The whole property 2. An undivided interest in the property 3. By right in-rem over an off plan property A mortgage not registered with the DLD is invalid. (True or False?) - ️️True All sales of multi unit properties must be attached to an JOPD - ️️True Class A Brokers - ️️Exempt of taking the test Class B Brokers - ️️Must take a RERA DREI Test Color of badge for a developer specific broker? - ️️Green badge Color of badge for a free zone only broker? - ️️Yellow badge Color of badge for a general broker? - ️️Blue badge All properties, Developer; Free zone but not Timeshare Color of badge for a time-share broker? - ️️Red badge (Only Red badges can do time share an vice versa) EJARI System - ️️System that records all rental agreements Form A can be of what 3 types? - ️️1. Exclusive 2. Sole 3. Open Listed (max 3) How long does a developer warrantee the building for? - ️️10 Years How long is the notice period for the end of a lease? - ️️365 days from the next renewal. How much can a developer charge in admin fees (NOC) for a finished property? - ️️500 dhs How much can a developer charge in admin fees(NOC) for unfinished property? - ️️5000 dhs

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