Page | 1
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Rera Exam Questions with Detailed
Verified Answers (100% Correct Answers)
/Already Graded A+
Highest Burj Khalifa
Ans: 829,8 (2722 ft)
Business Bay number of buldings
Ans: 240 (completed 2008)
Palm Jumeirah
Ans: 3 Palms 520 km by Nakheel
Al Maktoum International Airport
Ans: Projected anual capacity 160 Million passanger
The World Island
Ans: by Nakheel
Dubai Land Department (DLD)
Ans: The main objective of DLD is to organize and documents all real estate transaction for
and behalf Dubai Goverment. established 24.01.1960
RERA
Ans: Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate
of Dubai. Launched 31 of July 2007.
Objectives of RERA
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Ans: 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
Ans: 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
Ans: You own property and land Forever.
Leasehold
Ans: You own property but not land
Tarakheesi
Ans: 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
Ans: 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
Ans: Can only sell developers project.
Red Broker Card
Ans: only time share properties; sell one unit to more than one person.
Yellow Broker Card
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Ans: only FZ properties
Return on investment (ROI)
Ans: 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?
Ans: A listing is a contract between an owner and broker.
What is the different between type of listings?
Ans: -Exclusive
-Open listing
What is multiple listing?
Ans: MLS is an arrangement among a group of agents whereby they agree to share
information and split commission.
What is a qualified buyer?
Ans: Seeking to buy.
What is an assent?
Ans: It is something of value that one owns.
What is liability?
Ans: It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007
Ans: It regulates the relationship between the tenant and landlord.
ORN
Ans: Office Registration Number
Click here for more: Preppass - Stuvia
Rera Exam Questions with Detailed
Verified Answers (100% Correct Answers)
/Already Graded A+
Highest Burj Khalifa
Ans: 829,8 (2722 ft)
Business Bay number of buldings
Ans: 240 (completed 2008)
Palm Jumeirah
Ans: 3 Palms 520 km by Nakheel
Al Maktoum International Airport
Ans: Projected anual capacity 160 Million passanger
The World Island
Ans: by Nakheel
Dubai Land Department (DLD)
Ans: The main objective of DLD is to organize and documents all real estate transaction for
and behalf Dubai Goverment. established 24.01.1960
RERA
Ans: Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate
of Dubai. Launched 31 of July 2007.
Objectives of RERA
,Page | 2
Click here for more: Preppass - Stuvia
Ans: 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
Ans: 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
Ans: You own property and land Forever.
Leasehold
Ans: You own property but not land
Tarakheesi
Ans: 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
Ans: 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
Ans: Can only sell developers project.
Red Broker Card
Ans: only time share properties; sell one unit to more than one person.
Yellow Broker Card
, Page | 3
Click here for more: Preppass - Stuvia
Ans: only FZ properties
Return on investment (ROI)
Ans: 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?
Ans: A listing is a contract between an owner and broker.
What is the different between type of listings?
Ans: -Exclusive
-Open listing
What is multiple listing?
Ans: MLS is an arrangement among a group of agents whereby they agree to share
information and split commission.
What is a qualified buyer?
Ans: Seeking to buy.
What is an assent?
Ans: It is something of value that one owns.
What is liability?
Ans: It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007
Ans: It regulates the relationship between the tenant and landlord.
ORN
Ans: Office Registration Number
