RERA Real Estate Exam with complete
solutions 2024/2025
Main policy of RERA - ANSWER-set policy, procedure and such for transactions
in real estate in order to increase foreign investments and have one central place
to secure all parties involved.
Emaar developed - ANSWER-the springs, meadows, parts of marina, burj khalifa,
the greens, lots of downtown
nakheel developed - ANSWER-palm jumeirah, international city,
land department established - ANSWER-1960 january
organize transactions, documents for all parties in real estate for govt of dubai -
ANSWER-land dept
relationship between rera and land dept - ANSWER-rera is subsidiary to land
dept.
rera does what - ANSWER-regulates real estate in dubai
rera launched in - ANSWER-2007
rera is - ANSWER-a government agency with its own financial admin
independence to make full legal authority to regulate
rera's responsibilities - ANSWER-Regulate Real Estate:
Agents
, HOA's
Rental agreements
developer escrows
Activities
Advertising
four types of broker cards - ANSWER-time share
free zone for specific area
all of dubai
developer properties only
agent code of ethics - ANSWER-fair treatment
respectful treatment
privacy
trust
quality
respect laws
integrity
society obligations
interest of contracting party
respect documets
respect land dept regulations
6 ways to evict a tenant - ANSWER-damage
illegal
not paying
1st degree family moving*
converting from residential to commercial*
*must have one year notice certified, notary public etc.
requirements for landlord to increase rent - ANSWER-after first year with 90 day
official notice following index as follows:
<25=0 increase
26-35 = 5% increase
36-45 = 10%
46-55 = 15%
56> = 20%
when landlord first rents unit out what price can they put - ANSWER-anything
they want
solutions 2024/2025
Main policy of RERA - ANSWER-set policy, procedure and such for transactions
in real estate in order to increase foreign investments and have one central place
to secure all parties involved.
Emaar developed - ANSWER-the springs, meadows, parts of marina, burj khalifa,
the greens, lots of downtown
nakheel developed - ANSWER-palm jumeirah, international city,
land department established - ANSWER-1960 january
organize transactions, documents for all parties in real estate for govt of dubai -
ANSWER-land dept
relationship between rera and land dept - ANSWER-rera is subsidiary to land
dept.
rera does what - ANSWER-regulates real estate in dubai
rera launched in - ANSWER-2007
rera is - ANSWER-a government agency with its own financial admin
independence to make full legal authority to regulate
rera's responsibilities - ANSWER-Regulate Real Estate:
Agents
, HOA's
Rental agreements
developer escrows
Activities
Advertising
four types of broker cards - ANSWER-time share
free zone for specific area
all of dubai
developer properties only
agent code of ethics - ANSWER-fair treatment
respectful treatment
privacy
trust
quality
respect laws
integrity
society obligations
interest of contracting party
respect documets
respect land dept regulations
6 ways to evict a tenant - ANSWER-damage
illegal
not paying
1st degree family moving*
converting from residential to commercial*
*must have one year notice certified, notary public etc.
requirements for landlord to increase rent - ANSWER-after first year with 90 day
official notice following index as follows:
<25=0 increase
26-35 = 5% increase
36-45 = 10%
46-55 = 15%
56> = 20%
when landlord first rents unit out what price can they put - ANSWER-anything
they want
