RERA LATEST 2026 MAIN FINAL PAPER QUESTIONS AND
SOLUTIONS RATED A+
✔✔Freehold - ✔✔In May 2002 Regulation No. (3) of 2006 Specifying Areas where Non-
Locals can own Property in the Emirate of Dubai
✔✔Leasehold - ✔✔In 2001 In Leasehold you own the property, but not the land.
Leasehold ownership is anywhere from over 10 years up to 99 years.
✔✔Is Ethics the same as law? - ✔✔No
✔✔What is "ETHICS" ? - ✔✔Ethics is a way of thinking
A belief system
A moral code system
✔✔(3) primary elements of ethics ? - ✔✔VALUE (high / low / current market value)
UNDERTAKING / PROMISE / AGREEMENT
EXPECTATIONS
✔✔Renew Broker Card ? - ✔✔Do renew your Broker ID annually (at least 30 days prior
to expiration)
✔✔Do renew your Broker ID annually (at least 30 days prior to expiration) - ✔✔Do
renew your Broker ID annually (at least 30 days prior to expiration)
✔✔What is a broker? - ✔✔A broker is a licensed person who, for a fee, acts on behalf
of property owners in real estate transactions within the scope of the law.
✔✔When I become licensed, What identification will I have? - ✔✔Certificate
Registration Card (Broker ID)
✔✔What is the "Trakheesi" System? - ✔✔Trakheesi is a web application meant for Real
Estate Offices for managing Real estate Broker operations.
o Issuing a broker card,
o Updating broker information,
o Renewing a broker card,
o Replacing a broker card with the new one
o Cancelling broker card.
✔✔Blue cards - ✔✔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 - ✔✔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 - ✔✔Red cards are issued to brokers who are involved in selling
Timeshare units only.
✔✔Yellow cards - ✔✔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 - ✔✔Grey cards are issued to Registration Trustees.
✔✔Do brokers specialize in different property types? - ✔✔Yes
✔✔What is a disciplinary action? - ✔✔• 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 - ✔✔1.Red
2.Yellow
3.Green (Traffic Lights)
✔✔Must a contract for the sale of real estate be in writing to be enforceable? - ✔✔yes
✔✔What is an addendum to a contract? - ✔✔An addendum (plural: addenda) is
something that is added as an attachment.
✔✔What is an amendment to a contract? - ✔✔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? - ✔✔No
✔✔What is meant by a valid contract? - ✔✔A valid contract has legally binding force; it
is legally sufficient and authorized by the law
✔✔A void contract? - ✔✔A void contract cannot be enforced
✔✔Can a broker accept a Power of Attorney? - ✔✔No
✔✔What is flipping a real estate property? - ✔✔Flippers and speculators are
buyers/investors who purchase real estate for the sole purpose of making quick return
and realising an immediate gain.
SOLUTIONS RATED A+
✔✔Freehold - ✔✔In May 2002 Regulation No. (3) of 2006 Specifying Areas where Non-
Locals can own Property in the Emirate of Dubai
✔✔Leasehold - ✔✔In 2001 In Leasehold you own the property, but not the land.
Leasehold ownership is anywhere from over 10 years up to 99 years.
✔✔Is Ethics the same as law? - ✔✔No
✔✔What is "ETHICS" ? - ✔✔Ethics is a way of thinking
A belief system
A moral code system
✔✔(3) primary elements of ethics ? - ✔✔VALUE (high / low / current market value)
UNDERTAKING / PROMISE / AGREEMENT
EXPECTATIONS
✔✔Renew Broker Card ? - ✔✔Do renew your Broker ID annually (at least 30 days prior
to expiration)
✔✔Do renew your Broker ID annually (at least 30 days prior to expiration) - ✔✔Do
renew your Broker ID annually (at least 30 days prior to expiration)
✔✔What is a broker? - ✔✔A broker is a licensed person who, for a fee, acts on behalf
of property owners in real estate transactions within the scope of the law.
✔✔When I become licensed, What identification will I have? - ✔✔Certificate
Registration Card (Broker ID)
✔✔What is the "Trakheesi" System? - ✔✔Trakheesi is a web application meant for Real
Estate Offices for managing Real estate Broker operations.
o Issuing a broker card,
o Updating broker information,
o Renewing a broker card,
o Replacing a broker card with the new one
o Cancelling broker card.
✔✔Blue cards - ✔✔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 - ✔✔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 - ✔✔Red cards are issued to brokers who are involved in selling
Timeshare units only.
✔✔Yellow cards - ✔✔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 - ✔✔Grey cards are issued to Registration Trustees.
✔✔Do brokers specialize in different property types? - ✔✔Yes
✔✔What is a disciplinary action? - ✔✔• 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 - ✔✔1.Red
2.Yellow
3.Green (Traffic Lights)
✔✔Must a contract for the sale of real estate be in writing to be enforceable? - ✔✔yes
✔✔What is an addendum to a contract? - ✔✔An addendum (plural: addenda) is
something that is added as an attachment.
✔✔What is an amendment to a contract? - ✔✔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? - ✔✔No
✔✔What is meant by a valid contract? - ✔✔A valid contract has legally binding force; it
is legally sufficient and authorized by the law
✔✔A void contract? - ✔✔A void contract cannot be enforced
✔✔Can a broker accept a Power of Attorney? - ✔✔No
✔✔What is flipping a real estate property? - ✔✔Flippers and speculators are
buyers/investors who purchase real estate for the sole purpose of making quick return
and realising an immediate gain.
