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DUBAI RERA BROKER EXAM LATEST 2024-2025 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS. GRADE A
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A developer must establish an OA within x days of the first unit being sold.. - ANSx = 90 days A mortgage may be secured by one of what 3 things? - ANS1. The whole property
Color of badge for a developer specific broker? - ANSGreen badge Color of badge for a free zone only broker? - ANSYellow badge Color of badge for a general broker? - ANSBlue badge All properties, Developer; Free zone but not Timeshare Color of badge for a time-share broker? - ANSRed badge (Only Red badges can do time share an vice versa) EJARI System - ANSSystem that records all rental agreements Form A can be of what 3 types? - ANS1. Exclusive
Mortgage registration must include what information? - ANS1. The property
Rental commission norm - ANS5% (You can charge more if you inform them of the norm) Sale of an off-plan unit must be registered... - ANS...in the Interim Real Estate Register Sales and Purchased agreements for units in an unfinished project must be registered as what? - ANSOqoood Seller has 3 options in response to a buyer's offer, which are: - ANSAccept, reject, counteroffer Structure of the Dubai Real Estate Legal System - ANS1. Institutions
Valuation CMA is of how many units over what time frame? - ANS6 units in last 6 weeks What are service charges used for? - ANSTo maintain the property What are the 3 basis of UAE "Rule of Law"? - ANS1. Codes
What is the name of the system every broker must be registered on? - ANSSIMSARI What is the only recognized authority to register real estate transactions outside the DFSA? - ANSThe Dubai Land Department (DLD) What is the source of the Law in the UAE - ANSCivil code What nationality can be a developer? - ANSGCC or on a project by project basis Where must the JOPD be registered with? - ANSThe DLD. Which document must a broker obtain from the developer before selling off-plan?
Which law applies to Escrow Accounts - ANSLaw No. 8/ Which law applies to Establishment of RERA - ANSLaw No. 16/ Which law applies to Jointly Owned Property ("JOPs") - ANSLaw No. 27/ Which law applies to Land Registration & Ownership (Role of DLD) - ANSLaw No. 7/ Which law applies to Mortgage Law - ANSLaw No. 14/ Which law applies to Regulation of Real Estate Brokers - ANSLaw No. 85/ Which law applies to
Who is first responsible for drafting a preliminary JOP Declaration? - ANSEach developer must initially draft a preliminary JOP Declaration. Who must register a rental agreement? - ANSThe landlord Who pays for registering the rental agreement? - ANSThe tenant Who signs form F first? - ANSBuyer signs first = offer Seller signs second = contract Who's name is a project's trust account created - ANSThe project