RERA RERA Regulations & Broker Licensing

Question 1

What is RERA and under which authority does it operate?

Accepted Answer

Real Estate Regulatory Agency — the regulatory arm of the Dubai Land Department

Answer

An independent federal body separate from DLD

Answer

A private real estate standards association

Answer

A subdivision of the Dubai Chamber of Commerce

Question 2

What qualification must a real estate broker complete to obtain a RERA license in Dubai?

Accepted Answer

The Certified Training for Real Estate Brokers (TRERA) course and pass the RERA exam

Answer

Any business administration degree

Answer

A minimum of 5 years experience in sales without formal examination

Answer

A 3-day orientation program only

Question 3

How often must a RERA real estate broker license be renewed in Dubai?

Accepted Answer

Annually (every year)

Answer

Every 3 years

Answer

Every 5 years

Answer

Every 2 years

Question 4

What information must be displayed on all real estate advertisements in Dubai according to RERA rules?

Accepted Answer

RERA permit number, broker's name and license number, property details, and accurate pricing

Answer

Only the property photos and price

Answer

Developer name only

Answer

Agent contact details without any regulatory reference numbers

Question 5

A real estate broker receives a commission from both the buyer and seller in the same transaction without disclosing this to both parties. What is this called?

Accepted Answer

Dual agency without disclosure — a violation of RERA ethical standards

Answer

A legitimate dual commission arrangement

Answer

Standard industry practice requiring no disclosure

Answer

Permitted if the total commission does not exceed 4%

Question 6

What is the standard real estate broker commission in Dubai for a residential property sale?

Accepted Answer

2% of the transaction value (customary market practice)

Answer

5% of the transaction value

Answer

0.5% of the transaction value

Answer

AED 5,000 fixed fee regardless of value