RERA License 2024.
Contents
Knowledge questions..............................................................................................................................2
Different systems..................................................................................................................................11
Math questions.....................................................................................................................................12
Abbreviation.........................................................................................................................................16
UAE Central Bank Mortgage Regulations..............................................................................................17
1
,Knowledge questions
Oqood should be registered by the developer at DLD within 60 days from signing the SPA
A registration trustee is an integrated registration and management system specifically
designed for owner’s association registration
-True/False
Explanation; False. A registration trustee in Dubai is not specifically designed for the
registration and management of owner’s associations. Instead, a registration trustee is a
professional entity authorized by the Dubai Land Department (DLD) to facilitate and manage
various real estate transactions, including the registration of property transfers and mortgage
registrations.
RERA ranks registered brokerage offices by assigning the highest-ranking weight to the
experience of brokerage office
-True/ False
* Explantion; RERA uses a variety of criteria for classifying brokerage offices and brokers.
These criteria include adherence to regulations, professional competence, service quality,
2
, use of the Trakheesi system, compliance with the Dubai REST application, marketing
practices, and ethical standards.
3. When collecting rent from tenants, you should AVOID?
Checking the date of each cheque to ensure that it doesn't fall in a weekend or a long public
holiday
Setting the due date for the cheque to the 2nd or 3rd day of each month in order to avoid
confusion and excuses related to salary transfers
1. Verifying the signature of the tenant and the way the cheque is written to avoid
bounced cheques
2. Allowing the tenant to move in before clearing his first cheques from the bank
and completing all the official paperwork
According to the decree number 30 of the 2013 the developer should pay 4% of the selling
price as a transfer fee when selling a unit in a project the same is applicable for secondary
sales. True/False
If a Power of Attorney (POA) is bilingual (Arabic and English] and there exists an
inconsistency in the two language versions, which language shall prevail?
1. The Dubai Lands Department will determine the matter
2. Arabic
3. English
4. The Dubai Courts will determine the matter
11. Registration of the Buyers mortgage with DLD is the responsibility of:
1. The buyer
2. The seller
3. The bank
Is it the duty of a registred broker to get the details of the escrow account of the project and
to provide the same to the investors, in order to ensure all payments are made to the trust
account of the project, and also make sure the account is in the name of the project
-True/ False
Verifying ownership only required when initiating a contract between a landlord and a tenant
for a leasing transaction but is not required when initiating a contract between a seller and
buyer for a sales transaction?
-True/ False
The buyer pays a 1% commission, and the seller also pays a 1% commission.
The maximun number of agents in a open listing is max 3 agents
3
Contents
Knowledge questions..............................................................................................................................2
Different systems..................................................................................................................................11
Math questions.....................................................................................................................................12
Abbreviation.........................................................................................................................................16
UAE Central Bank Mortgage Regulations..............................................................................................17
1
,Knowledge questions
Oqood should be registered by the developer at DLD within 60 days from signing the SPA
A registration trustee is an integrated registration and management system specifically
designed for owner’s association registration
-True/False
Explanation; False. A registration trustee in Dubai is not specifically designed for the
registration and management of owner’s associations. Instead, a registration trustee is a
professional entity authorized by the Dubai Land Department (DLD) to facilitate and manage
various real estate transactions, including the registration of property transfers and mortgage
registrations.
RERA ranks registered brokerage offices by assigning the highest-ranking weight to the
experience of brokerage office
-True/ False
* Explantion; RERA uses a variety of criteria for classifying brokerage offices and brokers.
These criteria include adherence to regulations, professional competence, service quality,
2
, use of the Trakheesi system, compliance with the Dubai REST application, marketing
practices, and ethical standards.
3. When collecting rent from tenants, you should AVOID?
Checking the date of each cheque to ensure that it doesn't fall in a weekend or a long public
holiday
Setting the due date for the cheque to the 2nd or 3rd day of each month in order to avoid
confusion and excuses related to salary transfers
1. Verifying the signature of the tenant and the way the cheque is written to avoid
bounced cheques
2. Allowing the tenant to move in before clearing his first cheques from the bank
and completing all the official paperwork
According to the decree number 30 of the 2013 the developer should pay 4% of the selling
price as a transfer fee when selling a unit in a project the same is applicable for secondary
sales. True/False
If a Power of Attorney (POA) is bilingual (Arabic and English] and there exists an
inconsistency in the two language versions, which language shall prevail?
1. The Dubai Lands Department will determine the matter
2. Arabic
3. English
4. The Dubai Courts will determine the matter
11. Registration of the Buyers mortgage with DLD is the responsibility of:
1. The buyer
2. The seller
3. The bank
Is it the duty of a registred broker to get the details of the escrow account of the project and
to provide the same to the investors, in order to ensure all payments are made to the trust
account of the project, and also make sure the account is in the name of the project
-True/ False
Verifying ownership only required when initiating a contract between a landlord and a tenant
for a leasing transaction but is not required when initiating a contract between a seller and
buyer for a sales transaction?
-True/ False
The buyer pays a 1% commission, and the seller also pays a 1% commission.
The maximun number of agents in a open listing is max 3 agents
3
