EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.
Rera Exam Study Guide with Complete Solutions
Highest Burj Khalifa - Answer✔✔-829,8 (2722 ft)
Business Bay number of buldings - Answer✔✔-240 (completed 2008)
Palm Jumeirah - Answer✔✔-3 Palms 520 km by Nakheel
Al Maktoum International Airport - Answer✔✔-Projected anual capacity 160 Million passanger
The World Island - Answer✔✔-by Nakheel
Dubai Land Department (DLD) - Answer✔✔-The main objective of DLD is to organize and
documents all real estate transaction for and behalf Dubai Goverment. established 24.01.1960
RERA - Answer✔✔-Real Estate Regulatory Agency. Rera regulates the real estate investment in
the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - Answer✔✔-RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
Page 1/27
,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.
Regulation #3 of 2006 - Answer✔✔-In 2001 Dubai Goverment agreed to allow expats to have
99-year lease of particular property. In 2002 Sheikh Mohammed bin Rashid Al Maktoum, issued
a decree allowing foreigners to buy property on freehold ownership.
Freehold - Answer✔✔-You own property and land Forever.
Leasehold - Answer✔✔-You own property but not land
Tarakheesi - Answer✔✔-Tarakheesi is web application meant for Real Estate Offices for
managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card - Answer✔✔-Blue card issued under the DED licenses and brokers are allowed
to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time share.
Green Broker Card - Answer✔✔-Can only sell developers project.
Red Broker Card - Answer✔✔-only time share properties; sell one unit to more than one
person.
Yellow Broker Card - Answer✔✔-only FZ properties
Page 2/27
, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.
Return on investment (ROI) - Answer✔✔-It measures the gain or loss generated on an
investment relative to the amount of money invested.
ROI is usually expressed as a percentage and is typically used for personal financial decisions, to
compare a company's profitability or to compare the efficiency of different investments.
ROI (Net profit/Cost of investment)x100
What's is a listing? - Answer✔✔-A listing is a contract between an owner and broker.
What is the different between type of listings? - Answer✔✔--Exclusive
-Open listing
What is multiple listing? - Answer✔✔-MLS is an arrangement among a group of agents whereby
they agree to share information and split commission.
What is a qualified buyer? - Answer✔✔-Seeking to buy.
What is an assent? - Answer✔✔-It is something of value that one owns.
What is liability? - Answer✔✔-It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - Answer✔✔-It regulates the relationship between the tenant and
landlord.
ORN - Answer✔✔-Office Registration Number
BRN - Answer✔✔-Broker Registration Number
Page 3/27
Rera Exam Study Guide with Complete Solutions
Highest Burj Khalifa - Answer✔✔-829,8 (2722 ft)
Business Bay number of buldings - Answer✔✔-240 (completed 2008)
Palm Jumeirah - Answer✔✔-3 Palms 520 km by Nakheel
Al Maktoum International Airport - Answer✔✔-Projected anual capacity 160 Million passanger
The World Island - Answer✔✔-by Nakheel
Dubai Land Department (DLD) - Answer✔✔-The main objective of DLD is to organize and
documents all real estate transaction for and behalf Dubai Goverment. established 24.01.1960
RERA - Answer✔✔-Real Estate Regulatory Agency. Rera regulates the real estate investment in
the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - Answer✔✔-RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
Page 1/27
,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.
Regulation #3 of 2006 - Answer✔✔-In 2001 Dubai Goverment agreed to allow expats to have
99-year lease of particular property. In 2002 Sheikh Mohammed bin Rashid Al Maktoum, issued
a decree allowing foreigners to buy property on freehold ownership.
Freehold - Answer✔✔-You own property and land Forever.
Leasehold - Answer✔✔-You own property but not land
Tarakheesi - Answer✔✔-Tarakheesi is web application meant for Real Estate Offices for
managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card - Answer✔✔-Blue card issued under the DED licenses and brokers are allowed
to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time share.
Green Broker Card - Answer✔✔-Can only sell developers project.
Red Broker Card - Answer✔✔-only time share properties; sell one unit to more than one
person.
Yellow Broker Card - Answer✔✔-only FZ properties
Page 2/27
, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.
Return on investment (ROI) - Answer✔✔-It measures the gain or loss generated on an
investment relative to the amount of money invested.
ROI is usually expressed as a percentage and is typically used for personal financial decisions, to
compare a company's profitability or to compare the efficiency of different investments.
ROI (Net profit/Cost of investment)x100
What's is a listing? - Answer✔✔-A listing is a contract between an owner and broker.
What is the different between type of listings? - Answer✔✔--Exclusive
-Open listing
What is multiple listing? - Answer✔✔-MLS is an arrangement among a group of agents whereby
they agree to share information and split commission.
What is a qualified buyer? - Answer✔✔-Seeking to buy.
What is an assent? - Answer✔✔-It is something of value that one owns.
What is liability? - Answer✔✔-It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 - Answer✔✔-It regulates the relationship between the tenant and
landlord.
ORN - Answer✔✔-Office Registration Number
BRN - Answer✔✔-Broker Registration Number
Page 3/27
