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Dubai RERA Broker Exam Questions and 100% Correct Answers (Recently Updated) (Download to get Certified)

Colibri Real Estate Practice Final Exam 2024 Questions with 100% Verified Correct Answers Rated A+ Why is the condition of bearing walls more important than non bearing walls? - Correct Answer Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - Correct Answer transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Correc...

When should a licensee disclose to the parties whom their firm intends to represent in a transaction? - ANSWER Disclosure should be made verbally and in writing to all parties as soon as possible. A selling broker desires to represent a purchaser in a real estate transaction while at the same time act as a subagent of the listing broker and seller. Could the broker perform both of these functions in the same transaction? - ANSWER No, when a broker working with a buyer acts as a subagent...

The final step a licensee will take when preparing a CMA is: 1. Choosing comparables 2. Estimating a reasonable selling price range 3. Making adjustments to comparables 4. Collecting and analyzing information - Answer- CORRECT ANSWER: Estimating a reasonable selling price range A broker price opinion must include what the price was based on and: 1. License number 2. The broker's phone number 3. Applicable market data 4. A legal description - Answer- CORRECT ANSWER: Applic...

The only active general partner in a real estate partnership did not account properly for his escrowed funds. His license was suspended. All of the licenses of the sales associates in that partnership are A. Suspended B. Canceled C. Placed in involuntary inactive status D. Not affected - C. Placed in involuntary inactive status A sales associate is selling her own property "by owner." Which statement is TRUE regarding real estate licensees selling property "by owner?" a. The licensee...

California Property and Casualty Insurance Exam Questions and Answers 100% Pass What is the required rate discount under a Good Driver Discount policy? - Correct Answer ️️ -20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for service What is the procedure for refusing uninsured moto...

Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law No. 26/2007 Law No. 33/2008 (amendment) Which ...

California Real Estate Principles - Questions and Answers Already Passed (1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estate Advisory Commission d. legislature governor (1) 3. Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, I...

When are you required to file premium tax return for the previous calendar year by? - ANSWERSMarch 1st What does statutory accounting mean? - ANSWERSRules state that certain assets are non-admitted (don't count) as you can't pay claims with them. Bonds rated ___________ and higher are considered investment grade. - ANSWERS1 & 2 What does IBNR stand for? - ANSWERSIncurred but not reported True or false, individuals whose Surplus Line Brokers license was active and did not have an ac...

A licensee may accept compensation from: - ANSWER-The licensees employing broker only When a licensee uses a licensee buyout addendum you are putting the seller on notice that: - ANSWER-The buyer is a licensee, the buyer may make a profit and the seller may incur a loss. When must a listing broker disclose to a potential buyer the broker's working relationship with the seller? - ANSWER-In writing before receiving or eliciting confidential information Agent Mike is the broker owner of A...