A developer must establish an OA within x days of the first unit being sold.. -
Answer✅
x = 90 days
Quiz_________________?
A mortgage may be secured by one of what 3 things? -
Answer✅
1. The whole property
2. An undivided interest in the property
3. By right in-rem over an off plan property
Quiz_________________?
A mortgage not registered with the DLD is invalid. (True or False?) -
Answer✅
True
Quiz_________________?
1
, All sales of multi unit properties must be attached to an JOPD -
Answer✅
True
Quiz_________________?
Class A Brokers -
Answer✅
Exempt of taking the test
Quiz_________________?
Class B Brokers -
Answer✅
Must take a RERA DREI Test
Quiz_________________?
Color of badge for a developer specific broker? -
Answer✅
Green badge
Quiz_________________?
Color of badge for a free zone only broker? -
Answer✅
Yellow badge
2
, Quiz_________________?
Color of badge for a general broker? -
Answer✅
Blue badge
All properties, Developer; Free zone but not Timeshare
Quiz_________________?
Color of badge for a time-share broker? -
Answer✅
Red badge
(Only Red badges can do time share an vice versa)
Quiz_________________?
EJARI System -
Answer✅
System that records all rental agreements
Quiz_________________?
Form A can be of what 3 types? -
Answer✅
1. Exclusive
2. Sole
3. Open Listed (max 3)
3