RERA Operations Support
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Activity overview
Latest activity by RERA Operations Support-
RERA Operations Support created an article,
Is there a public register of all registered brokers and sales agents?
Yes, successful applicants will be issued with a license number, sales agent or broker card, and they are listed on the RERA Register of License Holders available on the RERA website. Registered B...
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RERA Operations Support created an article,
What are the provisions that I should consider in the sales contract?
The developer should consider the following: Provisions on Breach of Contract Where a buyer commits a breach of the sales contract and does not remedy such breach within 90 days after being notifie...
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RERA Operations Support created an article,
How can I pay the required fees?
Fees may be transferred electronically. Alternatively, payment will be accepted at the RERA offices. Fees for Brokers The fee is BD 100 for holders of existing real estate broker licenses as issu...
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RERA Operations Support created an article,
What is the payment plan?
The sales contract should specify the total purchase price of the unit and must set out the payment schedule for the payments to be made at each percentage of project completion. The amounts paid p...
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RERA Operations Support created an article,
What is the difference between an individual broker and a corporate broker?
This depends upon the commercial registration that the broker holds. The only difference between the two is that an individual broker holds a commercial registration with a registration type being ...
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RERA Operations Support created an article,
What should the sales contract template include?
The basic provisions that are required to be included in all off-plan sale contracts are as follows: The name and address of both the buyer and the developer; The developer's license number; The n...
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RERA Operations Support created an article,
Do I have to open an Escrow Account?
Yes. Law No. (27) of year 2017 with Respect to Promulgating the Real Estate Sector Regulation (“the Law”) requires the Developer of an Off-Plan Sale Project to open an Escrow Account. RERA Resolu...
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RERA Operations Support created an article,
What are the documents required for The Financial Plan?
The financing plan is a critical document to enable RERA to assess the developer’s financial capacity to undertake and complete the project. A template is set out in the website and may be followed...
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RERA Operations Support created an article,
What is a sales agent?
RERA has introduced a new licensing category called sales agents. A sales agent is employed or contracted by a broker to bring buyers and sellers together under the guidance of the broker. The brok...
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RERA Operations Support created an article,
What are the fees for a development license?
Fees will be payable according to the following Table: Licensing of Developers and Developments Payable Fee Licensing of Developer On application 20 Licensing of Developments ...