WITH SOLUTIONS A+ 2025/2026
✔✔Seller has 3 options in response to a buyer's offer, which are: - ✔✔Accept, reject,
counteroffer
✔✔What is the source of the Law in the UAE - ✔✔Civil code
✔✔The Master developer can set up a branch of the DLD in-house. True or False? -
✔✔True
✔✔How much is the transfer fee - ✔✔Was 2%, now 4%
✔✔How long is the notice period for the end of a lease? - ✔✔365 days from the next
renewal.
✔✔What are service charges used for? - ✔✔To maintain the property
✔✔What nationality can be a developer? - ✔✔GCC or on a project by project basis
✔✔To register a project, the developer must own what percentage of the land? -
✔✔100% , or if there is a mortgage, then 20% construction must've been completed.
✔✔Sales and Purchased agreements for units in an unfinished project must be
registered as what? - ✔✔Oqoood
✔✔Who can provide an escrow account? - ✔✔A registered financial institution.
✔✔What is a project's escrow account used for? - ✔✔For off plan sales
✔✔What is the first payment a developer can take from an escrow account? - ✔✔5% for
soft costs eg marketing
✔✔What are the 3 basis of UAE "Rule of Law"? - ✔✔1. Codes
2. Decrees
3. Regulations
✔✔To develop a legal understanding, brokers must be able to do what 3 things? - ✔✔1.
Locate source of law
2. Identify relevant facts
3. Act or comply with legal requirements
✔✔What are the 3 sources of UAE Law? - ✔✔1. Religion
2. Customs
, 3. International law
✔✔What is the only recognized authority to register real estate transactions outside the
DFSA? - ✔✔The Dubai Land Department (DLD)
✔✔The Real Property Register is held at the DLD and branches held with whom? -
✔✔Master developers
✔✔Upon death of owner, legal heirs must register with whom? - ✔✔Legal heirs must
register with the DLD as heirs of the deceased
✔✔Monies in a trust account cannot be used as security for a creditor of the developer?
(True or False?) - ✔✔True
✔✔What are the four factors that a broker must ensure when selling off plan properties?
- ✔✔1. Validity of project
2. RERA approved trust account established
3. Developer / broker agreements registered with RERA
4. Have seller approve advertising
✔✔Which document must a broker obtain from the developer before selling off-plan? -
✔✔NOC from RERA to promote and sell "off-plan" units of the project.
✔✔How much is the Administration fee payable to DLD upon transfer of title? - ✔✔315
dirhams
✔✔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
✔✔What are the borrower's obligations and restrictions until the loan is discharged? -
✔✔1. Not sell or gift the property without permission.
2. Create a right in-rem without permission.
3. Keep the property in good condition
✔✔Mortgage registration must include what information? - ✔✔1. The property
2. The Mortgagor (borrower)
3. The mortgagee (lender)
4. The Guarantor
✔✔Who is first responsible for drafting a preliminary JOP Declaration? - ✔✔Each
developer must initially draft a preliminary JOP Declaration.