The Real Estate Regulatory Agency (Rera), the regulatory arm of the Dubai Land Department (DLD) has launched a new guide to educate real estate brokers on relevant procedures and increase their professional competence.
The “Real Estate Brokerage Practice Guide” was launched at the recent Cityscape Dubai 2022 trade show held in strategic partnership with DLD at the Dubai World Trade Centre.
The guide includes all the information, laws and procedures related to the brokerage profession and the ways to practice it in Dubai, thereby ensuring that they conduct real estate transactions in a sound and transparent manner, DLD said in a statement.
Laws, procedures and regulations highlighted in the guide include the Trakheesi system, the Dubai REST application, smart marketing and sales contracts, as well as the classification criteria for brokerage offices and brokers, the green list, the marketing mechanism for off-plan projects. , friendly agreements and obtaining a broker card.
It also looks at the real estate brokerage registry in Dubai, a series of real estate circulars and the ethics of practicing the profession, he said.
Ali Abdullah Al Ali, Director of Rera’s Real Estate Licensing Department, said: “Today, through this guide, we provide an integrated service for real estate brokers that helps them fully and comprehensively understand the concept of ‘practice in Dubai according to the best standards, thereby contributing to our journey towards improving the happiness and confidence of both investors and clients in the Dubai real estate environment.’
“We are always ready to ensure that our services are professional and of high quality, for a pioneering and sustainable real estate ecosystem, the effects of which are reflected by all agents in the sector, including investors, clients and brokers,” he added .
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