How do I become a licensed real estate broker in Dubai?
Many people who want to pursue a career as a real estate broker in Dubai wonder how I can become a licensed real estate broker in Dubai so that I can work in the Dubai real estate market. Don't worry! It’s very simple. It's just a few simple steps to become a licensed real estate broker in Dubai. If you would like to obtain an answer about how to become a successful real estate broker in Dubai? What are the necessary steps to obtain a real estate broker’s license? What are the skills of a real estate broker? Follow along with us in this article dedicated to answering all these questions.
Who is a real estate broker?
The real estate broker acts as a mediator between a seller and the buyer, directing the buyer to the appropriate property according to his needs and requirements, providing advice and guidance throughout the process of buying.
At the same time, a real estate broker assists the seller on the fair market valuation of a property, the timeline to sell and the right advertising mediums to achieve the recommended price within the stipulated time period.
Real estate broker skills
A real estate broker has many skills that qualify him to work in the real estate sector. Here we will discuss some of these skills, for example, but not limited to them.
1- Negotiation and persuasion skills:
Perhaps one of the most important skills that a mediator must possess is negotiation and persuasion skills. These skills enable the broker to manage and organize buying and selling processes, think creatively, avoid problems or work to find solutions if they occur, and reach settlements that serve all parties and meet their needs.
2- Honesty and integrity:
One of the ethics of the profession is for the mediator to be honest and work with integrity, which enhances the client’s trust in him. However, when the client feels that the mediator is dishonest to him, this matter will lead to disconcert and loss of trust and credibility in him.
3- Knowledge of real estate laws and legislation and Code of Conduct:
To ensure that the broker operates within the framework of the law and protects his clients, it is crucial that he is familiar with the real estate laws prevailing in the region. Even unintentional mistakes can have serious consequences, which is why it's essential for brokers to have a thorough understanding of the laws and the code of conduct in place.
4- Effective communication skills:
These skills work to gain customer satisfaction and create a kind of trust between you and your client. Effective communication is represented by the following:
• Being an active listener and avoid interrupting your client.
• The ability to communicate ideas and information to the customer clearly and accurately.
• Use optimistic and positive tone of voice.
• Enhance dialogue by using effective professional body language to attract the customer’s attention and encourage interaction with you.
• The ability to direct discussions, management conflicts and find solutions.
Steps to obtain a Real Estate Broker's License in Dubai
1- Obtaining appropriate training:
Innovation Experts Real Estate Training Institute, the #1 real estate institute in Dubai, offers many courses related to Real Estate brokerage, continuous education and real estate brokers skills advancement, perhaps the most prominent of which is the Real Estate Brokerage Training Certificate which is also popularly known as RERA course, and is the first step in training to qualify you to become a successful real estate broker in the Emirate of Dubai. This course is available in more than five languages to ensure that you can access the training and information effortlessly without worrying about the language barrier.
2- Working in a real estate brokerage company:
We move to the next step through which you will obtain a residence permit and Emirates ID in the United Arab Emirates. You must join a company that practices real estate brokerage activity or establish your own company in order to take the RERA exam to practice the profession of real estate broker in Dubai. Kindly note that freelancing is not allowed in the Dubai Real Estate Industry.
3- Passing the RERA exam:
The Broker’s Exam is made mandatory by the Real Estate Regulatory Agency - Dubai Land Department, and it is one of the conditions for obtaining a real estate broker’s license in Dubai. Don't worry about the exam! You will be trained and qualified to successfully pass the RERA exam by attending the Real Estate Brokerage course mentioned previously.
4- Completing the procedures through the Trakheesi system:
After you pass the RERA exam, here comes the role of the company you work for to obtain your real estate broker card through the Trakheesi system and according to the following steps:
1- Create an account on the Trakheesi system if you have not registered before, or log in to the system and choose the service.
2- Fill in the fields with the correct requested information, attach the required documents, and then submit the application.
3- The application will be reviewed, and you will receive the approval notification through the system.
4- Choose the appropriate payment method and pay the fees electronically through the system.
5- Retain a digital copy of the Broker ID as it may be required during viewing.
After completing all the previous steps, you will be able to start working as a licensed real estate broker in Dubai through the company and practice your work without hesitation.
FAQ’s
How much does the RERA Course cost?
2520 AED including VAT
What is the Duration of the RERA course?
The duration is 4 days, 20 Hours in total
When and How are the courses offered?
We offer in-class and online courses.
The timing for in-class session is from 9am- 2pm and online sessions is 4pm-9pm.
Where are the courses conducted?
The courses are conducted at the Institute’s head office.
Do offer a Practice Exam course?
Yes, with an additional fee 105 AED if adding while registration.
How much does the RERA Dubai Main exam cost?
The total cost of the RERA exam is AED 785 and fees are paid electronically.
How many questions are there in the RERA Dubai exam and what is the score required to pass the exam?
The total number of questions for the RERA Dubai exam is 30 questions, knowing that the passing mark in the exam is 75%. You can also get another free attempt if you fail the first attempt.
Is the real estate broker’s license valid for life?
The validity period of the real estate broker card in Dubai is only one year from the date of its issuance, after which the card must be renewed through the steps discussed in this article. The goal of renewing the license after one year is so that the broker can constantly update his information in accordance to the current and new laws to keep in pace with developments and new trends in the real estate market. Innovation Experts Real Estate institute also offers the Brokers Card Renewal Exam Preparation Course to equip the Brokers with knowledge pertaining to updates and new laws before they take the RERA Exam for renewal of Broker ID.
Here we have reached the end of this article, in which all your questions about the steps for obtaining a real estate broker’s card and other information in this context have been answered. We hope that we have saved you the trouble of searching. If you would like to see more interesting and diverse articles, you can visit our blog, which discusses many real estate topics.