Which law applies to Land Registration & Ownership (Role of DLD) - CORRECT ANSWER Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) - CORRECT ANSWER Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers - CORRECT ANSWER Law No. 85/2006 Which law applies to Establishment of RERA - CORRECT ANSWER Law No. 16/2007 Which law applies to Escrow Accounts - CORRECT ANSWER Law No. 8/2007 Which law applies to Tenancy Law - CORRECT ANSWER Law No. 26/2007 Law No. 33/2008 (amendment) Which law applies to Jointly Owned Property ("JOPs") - CORRECT ANSWER Law No. 27/2007 Which laws applies to Interim Pre-Title Register - CORRECT ANSWER Law No. 13/2008 Law No. 9/2009 Decree No. 6/2010 Which law applies to Mortgage Law - CORRECT ANSWER Law No. 14/2008 Which laws applies to Rentals Increases / Decreases - CORRECT ANSWER Decree No. 1/2009 Decree No. 2/2001 What does a transaction that is concluded contrary to Law 7 of 2006 result in? - CORRECT ANSWER A Breach of the Criminal Code, which could lead to prosecution and professional sanctions. Structure of the Dubai Real Estate Legal System - CORRECT ANSWER 1. Institutions 2. Registries 3. Laws Real Property Register - CORRECT ANSWER "A set of documents held in written or electronic format in the electronic register at the Department, which point out the description and location of Real Property and the rights attached hereto". Sale of an off-plan unit must be registered... - CORRECT ANSWER ...in the Interim Real Estate Register Project Registration with RERA includes - CORRECT ANSWER 1. Plans of the unit 2. Apartment numbers 3. Internal and external size 4. Common area plans Class A Brokers - CORRECT ANSWER Exempt of taking the test Class B Brokers - CORRECT ANSWER Must take a RERA DREI Test EJARI System - CORRECT ANSWER System that records all rental agreements Who must register a rental agreement? - CORRECT ANSWER The landlord Who pays for registering the rental agreement? - CORRECT ANSWER The tenant Who's name is a project's trust account created - CORRECT ANSWER The project