What are the renewal requirements for RERA licenses?
Renewing a Real Estate Regulatory Agency (RERA) license in Dubai is essential for maintaining the legal and professional status of real estate professionals. The process ensures that all agents and companies adhere to the highest standards of practice and compliance. Here’s a detailed guide on the renewal requirements for RERA licenses.
To renew your RERA Broker Card, follow these steps: First, check on the current standing of the real estate brokerage license to see if it is still valid and whether or not it needs renewal or if there are any penalties that may affect the validity of the license. Subsequently, either use your Dubai REST application or by clicking on the ‘following the official link’ to access the Trakheesi system of the Dubai Land Department login. Others that should be produced by the respective individuals include the Emirates ID, proof of residence and photograph recent as that of the issued ID. It is possible to renew the license from the said online site and the renewal cost is required to be paid. Any original document and payment you send will be confirmed and a PDF image of new RERA Broker Card will be emailed to you in between 1-2 working days. Thus, the card should be renewed before the validity date and this will help in making sure that the service is not in any way compromised due to penalties.
Key Aspects of RERA License Renewal
1. Educational and Professional Requirements
To renew a RERA license, real estate professionals must have completed the necessary continuing education programs. These programs are designed to keep agents updated on the latest regulations, market trends, and best practices in the real estate sector. The Dubai Real Estate Institute (DREI) offers various certified training courses that are mandatory for renewal.
2. Passing the Annual Test
An essential part of the renewal process is passing the annual RERA test. This test evaluates the knowledge and competency of real estate professionals, ensuring they are well-versed in current laws and ethical practices. The test must be completed successfully to proceed with the renewal application.
3. Document Submission
The renewal application must include several key documents:
- A copy of the UAE ID
- A valid passport copy for UAE citizens
- Residency card for expatriates
- Proof of completion of the required DREI training courses and the RERA exam
- Certificate of Good Conduct from the Dubai police
4. Application Process
The renewal process is conducted through the Trakheesi system, which is part of the Dubai Land Department’s (DLD) online services. The steps are as follows:
- Sign up or log in to the Trakheesi system.
- Select the renewal service and fill in the required details.
- Attach the necessary documents.
- Submit the application online.
- Pay the renewal fees using the available online payment options.
Once the application is reviewed and approved, the renewed license can be printed directly from the system.
RERA License Renewal Overview
Documents Required for Renewal
Penalties for Late Renewal
Average Processing Time (in Days)
5. Fees
The fees for renewing a RERA license vary depending on the type of license:
- Real estate broker card: AED 500
- National broker card: AED 500
- Real estate consultant card: AED 500
- Mortgage broker card: AED 500
- Mortgage consultant card: AED 500
- Real estate management card: AED 500
- Trainee evaluator card: AED 500
- Real estate evaluator card: AED 5,000
Additional fees include an AED 10 knowledge fee and an AED 10 innovation fee.
6. Importance of Compliance
Compliance with RERA’s renewal requirements ensures that real estate professionals maintain their credibility and legal standing. It helps uphold the integrity of the real estate market in Dubai by ensuring that all agents and companies operate within the established regulatory framework.
RERA License Renewal Requirements FAQs
What are the general requirements for RERA license renewal?
To renew your RERA license, you must ensure that your trade license is up to date, have no outstanding fines, and meet specific criteria set by the Dubai Land Department (DLD).
What documents are needed for renewal?
You will need your current trade license, Emirates ID, proof of residency, and any required financial documents. Ensure all fees and fines are cleared before applying.
Are there any penalties for late renewal?
Yes, there are penalties for late renewal, including fines and the suspension of your RERA license. It’s essential to renew before the expiration date to avoid additional costs.
How long does the renewal process take?
The renewal process typically takes 3-5 business days, provided all documents are in order and no outstanding issues are present.
Quiz: Renewal Requirements for RERA Licenses
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