SOLUTIONS RATED A+
✔✔tell me about the springs - ✔✔just behind the meadows, several thousand also by
emaar
✔✔how many towers in jbr? - ✔✔43
✔✔what are the four stages of real estate life cycle? - ✔✔expansion
recession
contraction
revival
✔✔DLD what is it when was it formed? - ✔✔1960 to oversea affairs of properties in the
dubai, register them. safeguard rights of people, organize all transactions
✔✔what is the relationship of RERA and DLD? - ✔✔RERA is a subsidiary of DLD
✔✔tell me about RERA - ✔✔has full authority as a government agency with financial
and administrative independence to regulate real estate in dubai, launched in 2007
✔✔RERA responsibilities are: (5) - ✔✔•Licensing all real estate activities.
•Managing real estate developers' trust account.
•Licensing and organizing real estate agents.
•Regulating and registering Rental Agreements.
•Regulating and supervising the owners associations
Regulating real estate advertisements in the media.
•Regulating and licensing Real estate exhibitions.
•Publishing official research and studies for the
sector.
•Enhancing national participation in the real estate
sector.
•Increasing real estate awareness
✔✔rules of rera license - ✔✔brokers must operate & adhere within their license activity
2. must wear their Broker Id while completing transactions at RERA/DLD
✔✔three things that need to be registered for a developers project to be legitimate -
✔✔Broker
PRoject
Trust/Escrow Account
✔✔what is the pre title registration,
what is the lease registration
ownership registration
, HOA registration - ✔✔Oquood
ejari
title deed
Mollak/My Strata Certificate
✔✔what is Mollak? - ✔✔part of RERA for regsitratering HOA's and their management
✔✔benefits of the Mollak system? - ✔✔secure online payment of service cahrges
online access to important documents, minutes, meetings,
online voting
log and track maintenance requests
✔✔one sure fire way to real estate success - ✔✔prospecting
✔✔DNA of a qualified Prospect - ✔✔Desire-for the property
Need--need for the property
Ability & Authority--financially and authority to make decision
✔✔The Laws - ✔✔26-->2007-->Landlord & Tenant
Decree no 1-->2009 rental increase
✔✔rental increase law is.. - ✔✔decree no 1, 2009 of the law 26
cannot increase rental if previous rental is 25% or less than the market
if its 25% or more than the market than can only increase it...
✔✔what must a tenant have to sign a fixed term lease? - ✔✔Passport Copy
Visa Copy--resident visa
✔✔Code of Ethics is: - ✔✔1. Fair Treatment
2. Respectful Treatment
3. Preservation of Privacy
4. Trust & Integrity
5. Quality observation
6. Respect Laws
7. Integrity
8. Obligation towards society
9. Observing interests of contracting party
10. Obligation to preserve document
11. respect regulations of DLD
✔✔foundations of code of ethics are - ✔✔honesty
trust
integrity
transparency
respect