Dubai property Brokers Must Pass RERA Test to Renew Licence

Rera Property BrokersThe move from the Real Estate Regulatory Agency (Rera) is part of a wider initiative to ensure a standard degree of professionalism across the market.

“Real-estate brokers are the most high-profile representatives of the sector and the department expects them to be fully cognisant of their rights and duties in order for them to effectively serve their customers,” according to a statement by Rera.

“The training aims to provide Dubai’s real-estate market with a high level of efficiency and professionalism, which ensures the maintenance of excellent services worthy of the prestigious name of Dubai.”

The test must be sat a month before the expiration of brokerage licences. A request for renewal of licences will be rejected unless the application is accompanied with the results of the test.

It is not clear exactly what content will be tested, but it is believed that passing the test will be an annual requirement.

In addition, Rera has also stated that any broker licences that have expired for more than six months will be cancelled within 10 days, if a renewal application is not made.

The fee for the test is Dh700. If a broker requires certified training, the course fees are Dh2,500.

Categories: UAE Real Estate News | Tags: , , , , , | Leave a comment

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