RERA launches Real Estate Guidelines for Brokers

The Real Estate Regulatory Agency (RERA), has launched the ‘Real Estate Brokerage Practice Guide’.

RERA, which is the regulatory arm of the Dubai Land Department (DLD), launched the guide to “enhance the level of awareness and knowledge of all real estate brokers and raise their professional competence.”

The new guide lists out all the information, laws and procedures related to the brokerage profession and the ways to practice it in Dubai to increase familiarity with the regulatory procedures.

The laws, procedures and regulations that the guide highlights include the Trakheesi system, the Dubai REST application, smart marketing and sales contracts.

The criteria for classifying brokerage offices and brokers, the green list, the mechanism for marketing off-plan projects, amicable settlements and obtaining a broker card are also listed out in the guide, followed by the real estate brokerage register in Dubai, a number of real estate circulars, the ethics of practicing the profession, and others.