Study Set Questions and Answers for Dubai RERA Broker Exam 2024

Study Set Questions and Answers for Dubai RERA Broker Exam 2024 Bundle of rights - CORRECT ANSWER-PUTEE - Possession, Use, Transfer, Exclusion, Encumbrance Real property - CORRECT ANSWER-Real estate (land + manmade attachments) + bundle of rights Legal Title - CORRECT ANSWER-Full ownership of property + bundle of rights Equitable Title - CORRECT ANSWER-Interest that gives the buyer the right to acquire legal title to a property if certain contractual conditions occur. Homestead - CORRECT ANSWER-Rights to principal residence Fee simple - CORRECT ANSWER-Highest form of ownership interest - not limited by lifetime, defeasible [freehold] Life Estate - CORRECT ANSWER-Passes to another (remainderman) upon death of named party. [freehold] Conventional Life Estate - CORRECT ANSWER-Limited to the lifetime of a tenant, pur autre vie [freehold] Legal Life Estate - CORRECT ANSWER-Statutory, designated to protect family survivors. [freehold] Estate for years - CORRECT ANSWER-Specific, stated duration. No renewal [leasehold] Estate from Period to Period (periodic) - CORRECT ANSWER-Renews automatically upon acceptance of rent; isn't terminated unless specific action is taken [leasehold] Estate at Will - CORRECT ANSWER-Indefinite estate created by will [leasehold] Estate at Sufferance - CORRECT ANSWER-Tenancy against Landlord's will without agreement [leasehold] Tenancy in Severalty - CORRECT ANSWER-Possession 100% Ownership Individual, Corporation or Ltd Partnership Tenancy in Common - CORRECT ANSWER-Each owner can use the entire property (undivided interest, can be unequal shares) No right to survivorship (is inheritable) Can happen by accident Joint Tenancy - CORRECT ANSWER-Each owner can use the entire property - equal ownership shares with undivided interest Acquired at the same time by the same docum