What is Rera exam?

Asked By: Naomi Malagueira | Last Updated: 22nd April, 2020
Category: business and finance real estate industry
4.5/5 (588 Views . 36 Votes)
Dubai property brokers must pass Rera test to renew licence. The move from the Real Estate Regulatory Agency (Rera) is part of a wider initiative to ensure a standard degree of professionalism across the market. Dubai real-estate brokers must now pass an official test by Rera to renew their licence.

Click to see full answer

Keeping this in view, how do I become a Rera agent?

Follow the following steps :

  1. You will need to obtain a residency visa. You can obtain it from an employer.
  2. Apply for RERA's Certified Training for Real Estate Brokers.
  3. Attend classes at RERA training center.
  4. Attend the test and obtain the license.

Additionally, what is Rera in UAE? ???? ??????? ???????‎) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai.

Accordingly, how much does a real estate agent make in Dubai?

City Average salary
Real Estate Agent in Dubai 107 salaries AED3,852 per month
Real Estate Agent in Abu Dhabi 20 salaries AED2,974 per month
Real Estate Agent in Al Barsha 5 salaries AED5,563 per month

What is the fees for Rera registration?

The RERA Maharashtra project registration fee is Rs. 10 per square meter or minimum of Rs. 50,000 only and maximum up to Rs.

27 Related Question Answers Found

Who needs to register under Rera?

The Real Estate Act makes it mandatory for all commercial and residential real estate projects where the land is over 500 square meters, or eight apartments, to register with the Real Estate Regulatory Authority (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution.

How long does it take to get Rera number?

Registration Time Frame: Within a time frame of 30 Days RERA authorities shall deliver Registration No along with Certificate. (if Application is not being Rejected) On Completion of time frame of 30 Days (if you not received any objection, query, rejection) there are provision of deemed registration within 7 Days.

Is Rera registration compulsory for brokers?

The RERA not only makes it compulsory for agents to register, but also binds them into dealing only with RERA registered properties. Agents are often the first — and possibly only — point of contact for many potential home buyers.

Is Rera registration compulsory for agents?

RERA PROVISION AND RULES IN RELATION TO REGISTRATION AS AN AGENT: COMPULSORY REGISTRATION: Before facilitating the sale or purchase of any unit part of a real estate project registered under the Act, an Agent shall obtain registration under Section 9 of RERA Act.

Where can I find the Rera registration number for a project?

How to check RERA registration status of Real Estate Project?
  1. Step 1-Visit the Homepage of RERA Karnataka. Then click on the link “Approved Projects” (it is in Kannada).
  2. Step 2-Here, you will find the four tabs as below.
  3. Step 3-Under the tab “Applications Approved”, you will find the project details and also the certificate.

What is Rera registration number?

RERA is created to protect the home purchases made by end users putting in their hard earned money. As a purchaser, you can ask to see a copy of the RERA registration, though every project since May 1, 2017 is required to carry the RERA registration number on any and all marketing and advertising material.

Is real estate a good career in Dubai?

Real estate is one of the most lucrative careers in the UAE, with agents and brokers facilitating millions of transactions, architects designing world-famous structures, and developers churning out one project after the other.

What are Rera rules?

The Real Estate Act makes it mandatory for all commercial and residential real estate projects where the land is over 500 square metres, or eight apartments, to register with the Real Estate Regulatory (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution.

Why is Rera important?

RERA establishes a state authority which will govern both residential and commercial real estate transactions. RERA will ensure timely delivery of the project which is a big sigh of relief to home buyers. RERA will guarantee more precision between the developers and buyers thereby ensuring transparency.

What is the notice period for a tenancy agreement?

A tenant must give at least 21 days' written notice to end the tenancy, unless the landlord agrees to a shorter time. This agreement should be in writing. A landlord must give at least 90 days' written notice to end the tenancy. Landlords can give less time (at least 42 days' notice) in some cases.

How do I apply for Rera?

Registration Process for Real Estate Agents
  1. File an application form along with fee and documents to get registered with RERA.
  2. You will receive a registration number from the regulator.
  3. On a quarterly basis, you are required to maintain the books of account, records and documents related to the transactions.

Does a tenant have to paint when they move out Dubai?

The tenant has to take necessary prior approvals from the landlord if he has to carry out any decoration or painting work within the premises. The tenant has to hand over the rented apartment to the landlord in the same condition as it was when its possession was taken.

What is Rera act in India?

The Real Estate (Regulation and Development) Act, 2016 (RERA) is an Act passed by the Indian Parliament. The RERA seeks to protect the interests of home buyers and also boost investments in the real estate sector.

How can I cancel my tenancy agreement in Dubai?

Applicants can cancel the previous contract online or just request the cancellation in person by visiting an Ejari office in Dubai. Online cancellations are generally processed in 24-48 hours. After the previous contract is terminated, it will be possible to complete the registration of the new tenancy contract.

How do I evict a tenant in Dubai?

Under Article 25(1) of the amendment, a landlord can demand the eviction of a tenant prior to the expiry of the tenancy contract by serving notice on the tenant. Such notice must be served through a notary public or by registered mail.

What is Dubai Land Department?

Dubai Land Department (DLD) was established in January 1960 to handle all matters of legalization for sale and purchase of land; and approve, organize and document real estate trading operations in Dubai.

Where can I find the title deed number?

The register may give more details about rights over adjoining land. Find out if the property or land is registered. Download a copy of the title register - you'll need this to find the property's title number and to see if HM Land Registry holds a copy of the deeds. Fill in the deeds request form.