Page 1 of 13
DUBAI RERA BROKER EXAM | FREQUENTLY
TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
What is the source of the Law in the UAE - ✔✔✔ Correct Answer > Civil
code
What are the borrower's obligations and restrictions until the
loan is discharged? - ✔✔✔ Correct Answer > 1. Not sell or gift the
property without permission.
2. Create a right in-rem without permission.
3. Keep the property in good condition
The Master developer can set up a branch of the DLD in-house.
True or False? - ✔✔✔ Correct Answer > True
How much is the transfer fee - ✔✔✔ Correct Answer > Was 2%, now 4%
How long is the notice period for the end of a lease? - ✔✔✔ Correct
Answer > 365 days from the next renewal.
, Page 2 of 13
What are service charges used for? - ✔✔✔ Correct Answer > To
maintain the property
What nationality can be a developer? - ✔✔✔ Correct Answer > GCC or
on a project by project basis
To register a project, the developer must own what percentage of
the land? - ✔✔✔ Correct Answer > 100% , or if there is a mortgage, then
20% construction must've been completed.
Sales and Purchased agreements for units in an unfinished
project must be registered as what? - ✔✔✔ Correct Answer > Oqoood
Who can provide an escrow account? - ✔✔✔ Correct Answer > A
registered financial institution.
What is a project's escrow account used for? - ✔✔✔ Correct Answer >
For off plan sales
What is the first payment a developer can take from an escrow
account? - ✔✔✔ Correct Answer > 5% for soft costs eg marketing
What are the 3 basis of UAE "Rule of Law"? - ✔✔✔ Correct Answer > 1.
Codes
DUBAI RERA BROKER EXAM | FREQUENTLY
TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
What is the source of the Law in the UAE - ✔✔✔ Correct Answer > Civil
code
What are the borrower's obligations and restrictions until the
loan is discharged? - ✔✔✔ Correct Answer > 1. Not sell or gift the
property without permission.
2. Create a right in-rem without permission.
3. Keep the property in good condition
The Master developer can set up a branch of the DLD in-house.
True or False? - ✔✔✔ Correct Answer > True
How much is the transfer fee - ✔✔✔ Correct Answer > Was 2%, now 4%
How long is the notice period for the end of a lease? - ✔✔✔ Correct
Answer > 365 days from the next renewal.
, Page 2 of 13
What are service charges used for? - ✔✔✔ Correct Answer > To
maintain the property
What nationality can be a developer? - ✔✔✔ Correct Answer > GCC or
on a project by project basis
To register a project, the developer must own what percentage of
the land? - ✔✔✔ Correct Answer > 100% , or if there is a mortgage, then
20% construction must've been completed.
Sales and Purchased agreements for units in an unfinished
project must be registered as what? - ✔✔✔ Correct Answer > Oqoood
Who can provide an escrow account? - ✔✔✔ Correct Answer > A
registered financial institution.
What is a project's escrow account used for? - ✔✔✔ Correct Answer >
For off plan sales
What is the first payment a developer can take from an escrow
account? - ✔✔✔ Correct Answer > 5% for soft costs eg marketing
What are the 3 basis of UAE "Rule of Law"? - ✔✔✔ Correct Answer > 1.
Codes
