DUBAI RERA BROKER EXAM QUESTIONS WITH
VERIFIEDANSWERS (GRADED A)
Real exam latest update 2023 / 2024
Which law applies to
Land Registration &
... [Show More] Ownership (Role of DLD) - CORRECT ANSWER - Law
No. 7/2006
Which law applies to
Designated Areas
(Freehold vs Leasehold for non GCC) - CORRECT ANSWER - Regulation No. 3
of 2006
Which law applies to
Regulation of Real Estate Brokers - CORRECT ANSWER - Law No. 85/2006
Which law applies to
Establishment of RERA - CORRECT ANSWER - Law No. 16/2007
Which law applies to
Escrow Accounts - CORRECT ANSWER - Law No. 8/2007
Which law applies to
Tenancy Law - CORRECT ANSWER - Law No. 26/2007
Law No. 33/2008 (amendment)
Which law applies to
Jointly Owned Property ("JOPs") - CORRECT ANSWER - Law No. 27/2007
Which laws applies to
Interim Pre-Title Register - CORRECT ANSWER - Law No. 13/2008
Law No. 9/2009
Decree No. 6/2010
Which law applies to
Mortgage Law - CORRECT ANSWER - Law No. 14/2008
Which laws applies to
Rentals Increases / Decreases - CORRECT ANSWER - Decree No. 1/2009
Decree No. 2/2001
What does a transaction that is concluded contrary to Law 7 of 2006 result in? -
CORRECT ANSWER - A Breach of the Criminal Code, which could lead to
prosecution and professional sanctions.
Structure of the
Dubai Real Estate Legal System - CORRECT ANSWER - 1. Institutions
2. Registries
3. Laws
Real Property Register - CORRECT ANSWER - "A set of documents held in
written or electronic format in the electronic register at the Department, which
point out the description and location of Real Property and the rights attached
hereto".
Sale of an off-plan unit must be registered... - CORRECT ANSWER - ...in the
Interim Real Estate Register
Project Registration with RERA includes - CORRECT ANSWER - 1. Plans of the
unit
2. Apartment numbers
3. Internal and external size
4. Common area plans
Class A Brokers - CORRECT ANSWER - Exempt of taking the test
Class B Brokers - CORRECT ANSWER - Must take a RERA DREI Test
EJARI System - CORRECT ANSWER - System that records all rental agreements
Who must register a rental agreement? - CORRECT ANSWER - The landlord
Who pays for registering the rental agreement? - CORRECT ANSWER - The
tenant
Who's name is a project's trust account created - CORRECT ANSWER - The
project
Who can market a project's property units? - CORRECT ANSWER - An
employee of the developer
Who applies for a broker's license? - CORRECT ANSWER - A registered
brokerage company
What are the 3 ratings given to brokers - CORRECT ANSWER - Silver, Gold &
Platinum
Color of badge for a general broker? - CORRECT ANSWER - Blue badge
All properties, Developer; Free zone but not Timeshare
Color of badge for a developer specific broker? - CORRECT ANSWER - Green
badge
Color of badge for a free zone only broker? - CORRECT ANSWER - Yellow
badge
Color of badge for a time-share broker? - CORRECT ANSWER - Red badge
(Only Red badges can do time share an vice versa)
Time limit to apply for renewal of broker's license - CORRECT ANSWER - 1
month
What is ORN? - CORRECT ANSWER - Office Registration Number
What is BRN? - CORRECT ANSWER - Broker Registration Number
Rental commission norm - CORRECT ANSWER - 5%
(You can charge more if you inform them of the norm)
How much can a developer charge in admin fees
(NOC) for a finished property? - CORRECT ANSWER - 500 dhs
How much can a developer charge in admin fees(NOC) for unfinished property? -
CORRECT ANSWER - 5000 dhs
A developer must establish an OA within x days of the first unit being sold.. -
CORRECT ANSWER - x = 90 day [Show Less]