Rera Exam UPDATED ACTUAL Exam
Questions and CORRECT Answers
Highest Burj Khalifa - CORRECT ANSWER - 829,8 (2722 ft)
Business Bay number of buldings - CORRECT ANSWER - 240 (completed 2008)
Palm Jumeirah - CORRECT ANSWER - 3 Palms 520 km by Nakheel
Al Maktoum International Airport - CORRECT ANSWER - Projected anual capacity 160
Million passanger
The World Island - CORRECT ANSWER - by Nakheel
Dubai Land Department (DLD) - CORRECT ANSWER - The main objective of DLD is to
organize and documents all real estate transaction for and behalf Dubai Goverment. established
24.01.1960
RERA - CORRECT ANSWER - Real Estate Regulatory Agency. Rera regulates the real
estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - CORRECT ANSWER - RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
,Regulation #3 of 2006 - CORRECT ANSWER - In 2001 Dubai Goverment agreed to
allow expats to have 99-year lease of particular property. In 2002 Sheikh Mohammed bin Rashid
Al Maktoum, issued a decree allowing foreigners to buy property on freehold ownership.
Freehold - CORRECT ANSWER - You own property and land Forever.
Leasehold - CORRECT ANSWER - You own property but not land
Tarakheesi - CORRECT ANSWER - Tarakheesi is web application meant for Real Estate
Offices for managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card - CORRECT ANSWER - Blue card issued under the DED licenses and
brokers are allowed to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time share.
Green Broker Card - CORRECT ANSWER - Can only sell developers project.
Red Broker Card - CORRECT ANSWER - only time share properties; sell one unit to
more than one person.
Yellow Broker Card - CORRECT ANSWER - only FZ properties
Return on investment (ROI) - CORRECT ANSWER - 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? - CORRECT ANSWER - A listing is a contract between an owner and
broker.
What is the different between type of listings? - CORRECT ANSWER - -Exclusive
-Open listing
What is multiple listing? - CORRECT ANSWER - MLS is an arrangement among a group
of agents whereby they agree to share information and split commission.
What is a qualified buyer? - CORRECT ANSWER - Seeking to buy.
What is an assent? - CORRECT ANSWER - It is something of value that one owns.
What is liability? - CORRECT ANSWER - It is opposite of asset ; It's a debt or obligation
that one owns.
What is the Law 26 of 2007 - CORRECT ANSWER - It regulates the relationship between
the tenant and landlord.
ORN - CORRECT ANSWER - Office Registration Number
BRN - CORRECT ANSWER - Broker Registration Number
STR - CORRECT ANSWER - Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - CORRECT ANSWER - Penalty AED 50'000
Questions and CORRECT Answers
Highest Burj Khalifa - CORRECT ANSWER - 829,8 (2722 ft)
Business Bay number of buldings - CORRECT ANSWER - 240 (completed 2008)
Palm Jumeirah - CORRECT ANSWER - 3 Palms 520 km by Nakheel
Al Maktoum International Airport - CORRECT ANSWER - Projected anual capacity 160
Million passanger
The World Island - CORRECT ANSWER - by Nakheel
Dubai Land Department (DLD) - CORRECT ANSWER - The main objective of DLD is to
organize and documents all real estate transaction for and behalf Dubai Goverment. established
24.01.1960
RERA - CORRECT ANSWER - Real Estate Regulatory Agency. Rera regulates the real
estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - CORRECT ANSWER - RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
,Regulation #3 of 2006 - CORRECT ANSWER - In 2001 Dubai Goverment agreed to
allow expats to have 99-year lease of particular property. In 2002 Sheikh Mohammed bin Rashid
Al Maktoum, issued a decree allowing foreigners to buy property on freehold ownership.
Freehold - CORRECT ANSWER - You own property and land Forever.
Leasehold - CORRECT ANSWER - You own property but not land
Tarakheesi - CORRECT ANSWER - Tarakheesi is web application meant for Real Estate
Offices for managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card - CORRECT ANSWER - Blue card issued under the DED licenses and
brokers are allowed to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time share.
Green Broker Card - CORRECT ANSWER - Can only sell developers project.
Red Broker Card - CORRECT ANSWER - only time share properties; sell one unit to
more than one person.
Yellow Broker Card - CORRECT ANSWER - only FZ properties
Return on investment (ROI) - CORRECT ANSWER - 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? - CORRECT ANSWER - A listing is a contract between an owner and
broker.
What is the different between type of listings? - CORRECT ANSWER - -Exclusive
-Open listing
What is multiple listing? - CORRECT ANSWER - MLS is an arrangement among a group
of agents whereby they agree to share information and split commission.
What is a qualified buyer? - CORRECT ANSWER - Seeking to buy.
What is an assent? - CORRECT ANSWER - It is something of value that one owns.
What is liability? - CORRECT ANSWER - It is opposite of asset ; It's a debt or obligation
that one owns.
What is the Law 26 of 2007 - CORRECT ANSWER - It regulates the relationship between
the tenant and landlord.
ORN - CORRECT ANSWER - Office Registration Number
BRN - CORRECT ANSWER - Broker Registration Number
STR - CORRECT ANSWER - Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - CORRECT ANSWER - Penalty AED 50'000
