Annual Test Required for Renewal of Broker License

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 29 June 2014
Broker license to be cancelled if not renewed within six months of expiry

The Real Estate Regulatory Agency (RERA), the regulatory authority of Dubai Land
Department (DLD), has announced a new mandatory prerequisite for brokers. The
ruling states that every broker must pass the test of the Dubai Real Estate Institution
(DREI) – the educational arm of the department – in order to renew their Real Estate
Brokerage License. 

The new requirement was disseminated by RERA to all brokerage agencies and
offices in Dubai in the form of an official notice. The letter stated that RERA will not
accept any request for the renewal of the Real Estate Brokerage License unless the
request is accompanied with the results of the test. 
DLD aims to ensure that Dubai’s real estate brokers are fully equipped and prepared
to serve clients in the real estate sector. The organisation has stated that the passing
of the annual test will help brokers to be familiar with the requirements of the work,
which will guarantee the provision of high quality services to all clients, sellers as
well as buyers. 

The Real Estate Licensing Department of RERA requires brokers to register and
apply for the necessary test one month before their brokerage licenses expire. If
brokers do not comply with the time limit for registering for the test, they will be
subject to taking a course as a prerequisite for the renewal of their licenses. 
DLD has achieved an international level of excellence through its many activities,
with real estate training being one of its most important facets. Real estate brokers
are the most high profile representatives of the sector and the department expects
them to be fully cognisant of their rights and duties in order for them to effectively
serve their customers. The training aims to provide Dubai’s real estate market with a
high level of efficiency and professionalism, which ensures the maintenance of
excellent services worthy of the prestigious name of Dubai.

RERA’s official letter also included a notice pertaining to the cancellation of expired
brokers’ licenses. Any license that has expired for six or more months will be
cancelled 10 days from the date of the circular’s issuance. RERA has called-on
brokers to immediately renew their licenses in order to avoid such cancellation,
which will necessitate the re-starting of the registration process. 

RERA has informed that the registration fee for the Real Estate Brokerage License
test is AED 700. The charge for those needing to enroll in the training course for
Real Estate Certified Training for Brokers is AED 2500. Registration for the test and
course can be done through the DREI website: www.drei.ae