Dubai Rera Broker Exam 2024-2025

What is the only recognized authority to register real estate transactions outside the DFSA? - >>The Dubai Land Department (DLD) ANSWER Which document must a broker obtain from the developer before selling off-plan? - NOC from RERA to promote and sell "off-plan" units of the project.ANSWER>> A registered financial institution. Who can provide an escrow account? - ANSWER>> For off plan sales What is a project's escrow account used for? - ANSWER>> 5% for What is the first payment a developer can take from an escrow account? - ANSWER>>soft costs eg marketing 1. Codes What are the 3 basis of UAE "Rule of Law"? - ANSWER>>2. Decrees 3. Regulations 1. To develop a legal understanding, brokers must be able to do what 3 things? - ANSWER>>Locate source of law 2. Identify relevant facts 3. Act or comply with legal requirements 1. Religion What are the 3 sources of UAE Law? - ANSWER>>2. Customs 3. International lawThe Real Property Register is held at the DLD and branches held with whom? - Master developers ANSWER>> Legal heirs must Upon death of owner, legal heirs must register with whom? - ANSWER>>register with the DLD as heirs of the deceased Monies in a trust