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Rera Exam Questions And Correct Answers
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Rera Exam Questions And Correct Answers
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Rera Exam Questions And CorrectAnswers
Highest Burj Khalifa CORRECT ANSWERS 829,8 (2722 ft)
Business Bay number of buldings CORRECT ANSWERS 240 (completed 2008)
Palm Jumeirah CORRECT ANSWERS 3 Palms 520 km by Nakheel
Al Maktoum International Airport CORRECT ANSWERS Projected anual capacity 160 Million passanger
The World Island CORRECT ANSWERS by Nakheel
Dubai Land Department (DLD) CORRECT ANSWERS 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 ANSWERS Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA CORRECT ANSWERS 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 ANSWERS 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 ANSWERS You own property and land Forever.
Leasehold CORRECT ANSWERS You own property but not land
Tarakheesi CORRECT ANSWERS 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 ANSWERS 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 ANSWERS Can only sell developers project.
Red Broker Card CORRECT ANSWERS only time share properties; sell one unit to more than one person.
Yellow Broker Card CORRECT ANSWERS only FZ properties
Return on investment (ROI) CORRECT ANSWERS 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 ANSWERS A listing is a contract between an owner and broker.
What is the different between type of listings? CORRECT ANSWERS -Exclusive -Open listing
What is multiple listing? CORRECT ANSWERS MLS is an arrangement among a group of agents whereby they agree to share information and split commission.
What is a qualified buyer? CORRECT ANSWERS Seeking to buy.
What is an assent? CORRECT ANSWERS It is something of value that one owns.
What is liability? CORRECT ANSWERS It is opposite of asset ; It's a debt or obligation that one owns.
What is the Law 26 of 2007 CORRECT ANSWERS It regulates the relationship between the tenant and landlord.
ORN CORRECT ANSWERS Office Registration Number
BRN CORRECT ANSWERS Broker Registration Number
STR CORRECT ANSWERS Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number CORRECT ANSWERS Penalty AED 50'000
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