RATED A+
✔✔Return on investment (ROI) - ✔✔It measures the gain or loss generated on an
investment relative to the amount of money invested.
ROI is usually expressed as a percentage and is typically used for personal financial
decisions, to compare a company's profitability or to compare the efficiency of different
investments.
ROI (Net profit/Cost of investment)x100
✔✔What's is a listing? - ✔✔A listing is a contract between an owner and broker.
✔✔What is the different between type of listings? - ✔✔-Exclusive
-Open listing
✔✔What is multiple listing? - ✔✔MLS is an arrangement among a group of agents
whereby they agree to share information and split commission.
✔✔What is a qualified buyer? - ✔✔Seeking to buy.
✔✔What is an assent? - ✔✔It is something of value that one owns.
✔✔What is liability? - ✔✔It is opposite of asset ; It's a debt or obligation that one owns.
✔✔What is the Law 26 of 2007 - ✔✔It regulates the relationship between the tenant and
landlord.
✔✔ORN - ✔✔Office Registration Number
✔✔BRN - ✔✔Broker Registration Number
✔✔STR - ✔✔Special Transaction Register
All transaction Agreements
✔✔If ad does't have BRN or ORN Number - ✔✔Penalty AED 50'000
✔✔Decree #21 of 2013 - ✔✔Only the government has the power to cancel projects.
✔✔OQOOD - ✔✔Pre-Title Registration "My ownership certificate"
✔✔MOLLAK - ✔✔My Strata Certificate
Owner Association And Registration
, ✔✔Code of Etics - ✔✔regulates your relationship with customers, with other agents and
with public.
✔✔Dubai Land Department (DLD) - ✔✔Established on January 24th 1960
✔✔Real Estate Regulatory Agency (RERA) - ✔✔Established in 2007
✔✔RERA Role is: - ✔✔Licensing all real estate activities.
• Managing real estate developers' trust accounts.
• 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.
• Enhancing national participation in the real estate sector.
• Increasing real estate awareness
✔✔DREI - ✔✔Dubai Real Estate Institute (DREI)
✔✔Rental Dispute Settlement Center (RDC) - ✔✔The Rental Dispute Center, based at
Dubai Land Department, has been moved under the umbrella of DLD through Decree
No: 26 of 2013.
✔✔Decree No. (21) of 2013 - ✔✔cancelled property projects
✔✔DEVELOPER' REGISTER - ✔✔The Developer must be registered with RERA.
The Project must be registered with RERA.
The Project Escrow A/C must be registered with RERA
✔✔OWNER'S ASSOCIATION - ✔✔Formation of the Owner's Association.
Issuance of 'My Strata Certificate'
Launched
✔✔Freehold - ✔✔In May 2002 Regulation No. (3) of 2006 Specifying Areas where Non-
Locals can own Property in the Emirate of Dubai