Dubai RERA Broker Exam 2023 with correct answers {GRADED A}
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Course
Dubai RERA Broker
Institution
Dubai RERA Broker
Dubai RERA Broker Exam 2023 with correct answers {GRADED A}
land contract - CORRECT ANSWER buyer pays seller to occupy and use property
net lease - CORRECT ANSWER buyer pays rent and other expenses
gross lease - CORRECT ANSWER buyer pays only rent
goes to heirs - CORRECT ANSWER Tenants in comm...
easement in gross - CORRECT ANSWER gas company intrudes on land to fix a gas
line
the seller - CORRECT ANSWER signs the deed at a closing
listing agreement - CORRECT ANSWER least likely to require a legal description
let the client know - CORRECT ANSWER agent takes on a listing, decides to buy
house for themselves
honesty - CORRECT ANSWER Open house, declined agency relationship... What
does the agent owe the person?
disclose it to the buyers - CORRECT ANSWER leak in the house, seller is trying to
hide it but the agent finds it
listings stay with brokerage - CORRECT ANSWER agent switches brokerages, what
happens to their listings?
net listing - CORRECT ANSWER a seller wants a certain amount, the rest of the
money goes to the agent as commission
redlining - CORRECT ANSWER refusing to make loans in a minority neighborhood
consequence - CORRECT ANSWER NOT an element for a valid and enforceable
contract
liquidity damages - CORRECT ANSWER seller keeps earnest money deposit when
the buyer backs out
security deposit - CORRECT ANSWER LEAST likely to be needed in a lease
hypothecation - CORRECT ANSWER pledge of property as collateral for a loan
7 business days - CORRECT ANSWER lender must deliver loan estimate within ...
10 days of receipt - CORRECT ANSWER broker pays agent within...
,metes and bounds - CORRECT ANSWER beginning point (street name), then the
direction to go
call for late payments - CORRECT ANSWER What can an unlicensed assistant NOT
do?
PITI - CORRECT ANSWER principal, interest, taxes, insurance
clearing, adding structures, draining/filling, pesticides - CORRECT ANSWER
Wetlands: need a permit for...
selling wetlands - CORRECT ANSWER Wetlands: do not need a permit for...
encroachment - CORRECT ANSWER a fence 3 feet onto another property's lawn is
considered an ...
appurtenances - CORRECT ANSWER rights that transfer with real property (runs
with the land)
riparian rights - CORRECT ANSWER rights for rivers
littoral rights - CORRECT ANSWER rights for lakes
bill of sale - CORRECT ANSWER what is needed when a property is bought with
additional items included?
improvement - CORRECT ANSWER man-made attachment to the land
personal property - CORRECT ANSWER lumber and concrete are delivered to a
house and sitting in a backyard waiting to be used
periodic tenancy - CORRECT ANSWER specific time period
tenancy at will - CORRECT ANSWER no specified period or termination date
tenancy for years - CORRECT ANSWER specific start and end date
appurtenant easement - CORRECT ANSWER burden one piece of land for the benefit
of another piece of land
, Broker Joy just signed a listing agreement with a seller. When should Joy
schedule an office tour? - CORRECT ANSWER Within a week after the listing is
taken
What is NOT required between two parties as it relates to the violation of "mutual
assent"? - CORRECT ANSWER Written contacts
Title insurance protects more against _______. - CORRECT ANSWER Past events
Who has the most liability in a fiduciary relationship dispute over a real estate
transaction? - CORRECT ANSWER Principal broker
Who is required to be the trustee for a brokerage trust account fund? - CORRECT
ANSWER Principal broker
According to article 2, which of the following statements are TRUE? - CORRECT
ANSWER REALTORS® must disclose all known material facts but are not
obligated to discover latent defects in the property.
Vicky was posing as a customer of Establishment Realty. However, she was
really there to see if Establishment Realty was following fair housing laws. Vicky
was a _______. - CORRECT ANSWER Tester
What is physically and financially feasible, legal, and the most productive for a
property? - CORRECT ANSWER Its highest and best use
A party with all ownership rights in a property is said to hold ______. - CORRECT
ANSWER legal title
What is the name of the act of mixing personal funds with client funds in a trust
fund account? - CORRECT ANSWER Commingling
What type of agency cannot be revoked by the principal, nor is terminated if the
principal dies? - CORRECT ANSWER Agency coupled with an interest
Which national group has tried to stop real estate licensees from handling any
contacts? - CORRECT ANSWER American Bar Association
Without legal capacity and mutual consent in place, courts may likely do what to
the existing contracts or agency relationships? - CORRECT ANSWER Void them,
Rescind them, Cancel them
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