RERA EXAM 141 FINAL PAPER 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ Blue cards. Answer: Blue cards are issued for those brokers
working in brokerage office in Dubai. Those brokers are allowed to
work in Dubai, Free-zones, market registered Developers' projects,
but not Timeshare.
◉ Green cards. Answer: Green cards are issued under the
developers' licenses, and brokers are allowed to sell the projects
which are related to the developer only.
◉ Red cards. Answer: Red cards are issued to brokers who are
involved in selling Timeshare units only.
◉ Yellow cards. Answer: Yellow cards are issued under the free zone
licenses, and brokers are only allowed to work in the areas which
belong to that free zone in Dubai.
◉ Grey cards. Answer: Grey cards are issued to Registration
Trustees.
◉ Do brokers specialize in different property types?. Answer: Yes
,◉ What is a disciplinary action?. Answer: • It is a punishment
resulting from the RERA investigating a complaint against a licensee.
• Such an action could have serious consequences for the licensee,
such as points, revocation or suspension of the license and a fine.
◉ The classification of penalties were divided into 3 levels. Answer:
1.Red
2.Yellow
3.Green (Traffic Lights)
◉ Must a contract for the sale of real estate be in writing to be
enforceable?. Answer: yes
◉ What is an addendum to a contract?. Answer: An addendum
(plural: addenda) is something that is added as an attachment.
◉ What is an amendment to a contract?. Answer: It is a change,
correction, or extension of an agreement that does not change the
basic thrust of the agreement
◉ Is an amendment to a contract the same as an addendum?.
Answer: No
, ◉ What is meant by a valid contract?. Answer: A valid contract has
legally binding force; it is legally sufficient and authorized by the law
◉ A void contract?. Answer: A void contract cannot be enforced
◉ Can a broker accept a Power of Attorney?. Answer: No
◉ What is flipping a real estate property?. Answer: Flippers and
speculators are buyers/investors who purchase real estate for the
sole purpose of making quick return and realising an immediate
gain.
◉ What is escrow?. Answer: Escrow is an agreement between two or
more parties providing that certain money, instruments or property
be placed with a third party (bank) for safekeeping pending the
fulfillment or performance of a specific act or condition
◉ Who controls the escrow account?. Answer: DLD controls the
escrow account. Money/funds are released from the escrow account
based on the certified progress of the Project.
◉ What is developer's escrow account?. Answer: The escrow
account is required for each project under construction or off-plan
to be developed by the developer after he gets the approval from
QUESTIONS AND ANSWERS
◉ Blue cards. Answer: Blue cards are issued for those brokers
working in brokerage office in Dubai. Those brokers are allowed to
work in Dubai, Free-zones, market registered Developers' projects,
but not Timeshare.
◉ Green cards. Answer: Green cards are issued under the
developers' licenses, and brokers are allowed to sell the projects
which are related to the developer only.
◉ Red cards. Answer: Red cards are issued to brokers who are
involved in selling Timeshare units only.
◉ Yellow cards. Answer: Yellow cards are issued under the free zone
licenses, and brokers are only allowed to work in the areas which
belong to that free zone in Dubai.
◉ Grey cards. Answer: Grey cards are issued to Registration
Trustees.
◉ Do brokers specialize in different property types?. Answer: Yes
,◉ What is a disciplinary action?. Answer: • It is a punishment
resulting from the RERA investigating a complaint against a licensee.
• Such an action could have serious consequences for the licensee,
such as points, revocation or suspension of the license and a fine.
◉ The classification of penalties were divided into 3 levels. Answer:
1.Red
2.Yellow
3.Green (Traffic Lights)
◉ Must a contract for the sale of real estate be in writing to be
enforceable?. Answer: yes
◉ What is an addendum to a contract?. Answer: An addendum
(plural: addenda) is something that is added as an attachment.
◉ What is an amendment to a contract?. Answer: It is a change,
correction, or extension of an agreement that does not change the
basic thrust of the agreement
◉ Is an amendment to a contract the same as an addendum?.
Answer: No
, ◉ What is meant by a valid contract?. Answer: A valid contract has
legally binding force; it is legally sufficient and authorized by the law
◉ A void contract?. Answer: A void contract cannot be enforced
◉ Can a broker accept a Power of Attorney?. Answer: No
◉ What is flipping a real estate property?. Answer: Flippers and
speculators are buyers/investors who purchase real estate for the
sole purpose of making quick return and realising an immediate
gain.
◉ What is escrow?. Answer: Escrow is an agreement between two or
more parties providing that certain money, instruments or property
be placed with a third party (bank) for safekeeping pending the
fulfillment or performance of a specific act or condition
◉ Who controls the escrow account?. Answer: DLD controls the
escrow account. Money/funds are released from the escrow account
based on the certified progress of the Project.
◉ What is developer's escrow account?. Answer: The escrow
account is required for each project under construction or off-plan
to be developed by the developer after he gets the approval from
