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Rera Exam Questions and Answers (Latest Update 2024)
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Rera Exam Questions and Answers (Latest Update 2024)
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Rera Exam Questions and Answers (Latest Update 2024)Highest Burj Khalifa - Correct Answer ✅829,8 (2722 ft)
Business Bay number of buildings - 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. Rera Exam Questions and Answers (Latest Update 2024)
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 Rera Exam Questions and Answers (Latest Update 2024)
-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. Rera Exam Questions and Answers (Latest Update 2024)
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.
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