RERA Regulations & Broker Licensing Flashcards

What is a 'Form A' in Dubai real estate transactions?

Answer: The exclusive listing agreement between a seller/landlord and a broker

Form A is the exclusive/non-exclusive listing agreement between the property owner (seller or landlord) and a registered real estate broker. It authorizes the broker to market and sell/rent the property and sets out commission terms. It must be registered in the Trakheesi system.

What is 'Form B' in Dubai real estate transactions?

Answer: The buyer/tenant representation agreement between a client and a broker

Form B is the buyer/tenant representation agreement that authorizes a broker to search for and negotiate a property on behalf of the buyer or tenant. It specifies commission arrangements and terms. Alongside Form A, it is part of RERA's standardized transaction documentation.

What is 'Form F' (Memorandum of Understanding) in Dubai real estate?

Answer: The contract between buyer and seller setting out agreed terms before the formal SPA is prepared

Form F (MOU) is a RERA-standardized agreement between buyer and seller that records agreed transaction terms including price, deposit (typically 10%), and timeline, pending preparation of the formal SPA. It is legally binding and is submitted to DLD for F-registration.

Under RERA regulations, what must a real estate company (brokerage) display at its premises?

Answer: DLD-issued brokerage license, RERA registration certificate, and names of all licensed brokers employed

All DLD/RERA-registered brokerage offices must display their DLD brokerage license number and maintain a current RERA registration. Brokers employed by the firm must be individually RERA-licensed. These requirements ensure accountability and allow consumers to verify legitimacy.

What is the 'Trakheesi' system in Dubai real estate?

Answer: RERA's online portal for registering broker listings, activity permits, and real estate transactions

Trakheesi (meaning 'licenses' in Arabic) is DLD/RERA's online permission management system. Brokers must register property listings through Trakheesi to obtain an advertising permit number. This prevents duplicate listings and ensures only licensed brokers advertise properties.

What is the maximum deposit a real estate broker can accept from a client as part of a property reservation?

Answer: There is no fixed maximum; the amount must be agreed in writing and held in a client trust account

RERA requires that client deposits be held in a separate client trust account (not commingled with operating funds). There is no fixed maximum, but the amount must be documented. Misappropriation of client funds is a serious offense leading to license revocation and criminal prosecution.