Dubai RERA Broker Exam Latest Version Questions and Correct Answers Guaranteed A+ A developer must establish an OA within x days of the first unit being sold.. - Correct Answer x = 90 days
A mortgage may be secured by one of what 3 things? - Correct Answer 1. The whole property
- An undivided interest in the property
- By right in-rem over an off plan property
A mortgage not registered with the DLD is invalid. (True or False?) - Correct Answer True
All sales of multi unit properties must be attached to an JOPD - Correct Answer True
Class A Brokers - Correct Answer Exempt of taking the test
Class B Brokers - Correct Answer Must take a RERA DREI Test
Color of badge for a developer specific broker? - Correct Answer Green badge
Color of badge for a free zone only broker? - Correct Answer Yellow badge
Color of badge for a general broker? - Correct Answer Blue badge All properties, Developer; Free zone but not Timeshare
Color of badge for a time-share broker? - Correct Answer Red badge (Only Red badges can do time share an vice versa)
EJARI System - Correct Answer System that records all rental agreements
Form A can be of what 3 types? - Correct Answer 1. Exclusive
- Sole
- Open Listed (max 3)
How long does a developer warrantee the building for? - Correct Answer 10 Years
How long is the notice period for the end of a lease? - Correct Answer 365 days from the next renewal.
How much can a developer charge in admin fees (NOC) for a finished property? - Correct Answer 500 dhs
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How much can a developer charge in admin fees(NOC) for unfinished property? - Correct Answer 5000 dhs
How much is the Administration fee payable to DLD upon transfer of title? - Correct Answer 315 dirhams
How much is the transfer fee - Correct Answer Was 2%, now 4%
Max number of days that a sales is valid for? - Correct Answer 3 Days
Max term for form A - Correct Answer 90 days
Monies in a trust account cannot be used as security for a creditor of the developer?(True or False?) - Correct Answer True
Mortgage registration must include what information? - Correct Answer 1. The property
- The Mortgagor (borrower)
- The mortgagee (lender)
- The Guarantor
OA appoints a service manager who carries out.. - Correct Answer MOM (Management, Operation and maintenance)
OA convenes an AGM to appoint Board, which numbers: - Correct Answer 5 or 7 with 3 spare.
Project Registration with RERA includes - Correct Answer 1. PlCorrect Answer of the unit
- Apartment numbers
- Internal and external size
- Common area plans
Real Property Register - Correct Answer "A set of documents held in written or electronic format in the electronic register at the Department, which point out the description and location of Real Property and the rights attached hereto".
Rental commission norm - Correct Answer 5% (You can charge more if you inform them of the norm)
Sale of an off-plan unit must be registered... - Correct Answer ...in the Interim Real Estate Register
Sales and Purchased agreements for units in an unfinished project must be registered as what? - Correct Answer Oqoood
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