Rera Exam With Complete Answers

RERA EXAM WITH COMPLETE
ANSWERS



HighestcBurjcKhalifac-ccorrectcanswer-829,8c(2722cft)

BusinesscBaycnumbercofcbuldingsc-ccorrectcanswer-240c(completedc2008)

PalmcJumeirahc-ccorrectcanswer-3cPalmsc520ckmcbycNakheel

AlcMaktoumcInternationalcAirportc-ccorrectcanswer-
Projectedcanualccapacityc160cMillioncpassanger

ThecWorldcIslandc-ccorrectcanswer-bycNakheel

DubaicLandcDepartmentc(DLD)c-ccorrectcanswer-
ThecmaincobjectivecofcDLDcisctocorganizecandcdocumentscallcrealcestatectransactioncforc
andcbehalfcDubaicGoverment.cestablishedc24.01.1960

RERAc-ccorrectcanswer-
RealcEstatecRegulatorycAgency.cReracregulatescthecrealcestatecinvestmentcincthecemira
tecofcDubai.cLaunchedc31cofcJulyc2007.

ObjectivescofcRERAc-ccorrectcanswer-RERAcRolecis:c
-cLicensingcallcrealcestatecactivities.
-cManagingcandcorganizingcrealcestatecdevelopers'ctrustcaccounts.c
-cLicensingcandcorganizingcrealcestatecagents.
-cRegulatingcandcregisteringcRentalcAgreements.c
-Regulatingcandcsupervisingcthecownerscassociations.

Regulationc#3cofc2006c-ccorrectcanswer-
Inc2001cDubaicGovermentcagreedctocallowcexpatsctochavec99-
yearcleasecofcparticularcproperty.cInc2002cSheikhcMohammedcbincRashidcAlcMaktoum,ci
ssuedcacdecreecallowingcforeignersctocbuycpropertyconcfreeholdcownership.

Freeholdc-ccorrectcanswer-YoucowncpropertycandclandcForever.

Leaseholdc-ccorrectcanswer-Youcowncpropertycbutcnotcland

, Tarakheesic-ccorrectcanswer-
TarakheesiciscwebcapplicationcmeantcforcRealcEstatecOfficescforcmanagingcRealcEstatec
Brokercoperation.
-Issuingcbrokerccardc
-Updatingcbrokerccardc
Cancellingcbrokerccard.

BluecBrokercCardc-ccorrectcanswer-
BlueccardcissuedcundercthecDEDclicensescandcbrokerscarecallowedctocworkcincDubai.c
Allowscbrokersctocsell/leasecincDubaic+cFZc+cSellcforcdeveloperscbutcnotctimecshare.

GreencBrokercCardc-ccorrectcanswer-Canconlycsellcdeveloperscproject.

RedcBrokercCardc-ccorrectcanswer-
onlyctimecsharecproperties;csellconecunitctocmorecthanconecperson.

YellowcBrokercCardc-ccorrectcanswer-onlycFZcproperties

Returnconcinvestmentc(ROI)c-ccorrectcanswer-
Itcmeasurescthecgaincorclosscgeneratedconcancinvestmentcrelativectocthecamountcofcmon
eycinvested.c
ROIciscusuallycexpressedcascacpercentagecandcisctypicallycusedcforcpersonalcfinancialcd
ecisions,ctoccomparecaccompany'scprofitabilitycorctoccomparecthecefficiencycofcdifferentci
nvestments.
ROIc(Netcprofit/Costcofcinvestment)x100

What'sciscaclisting?c-ccorrectcanswer-
Aclistingciscaccontractcbetweencancownercandcbroker.

Whatciscthecdifferentcbetweenctypecofclistings?c-ccorrectcanswer--Exclusivec
-Openclisting

Whatciscmultipleclisting?c-ccorrectcanswer-
MLSciscancarrangementcamongcacgroupcofcagentscwherebyctheycagreectocsharecinforma
tioncandcsplitccommission.

Whatciscacqualifiedcbuyer?c-ccorrectcanswer-Seekingctocbuy.

Whatciscancassent?c-ccorrectcanswer-Itciscsomethingcofcvaluecthatconecowns.

Whatciscliability?c-ccorrectcanswer-
Itciscoppositecofcassetc;cIt'scacdebtcorcobligationcthatconecowns.

WhatciscthecLawc26cofc2007c-ccorrectcanswer-
Itcregulatescthecrelationshipcbetweencthectenantcandclandlord.

ORNc-ccorrectcanswer-OfficecRegistrationcNumber

BRNc-ccorrectcanswer-BrokercRegistrationcNumber