What is the RERA certification, and why is it important for real estate professionals?
The Real Estate Regulatory Agency (RERA) certification is one of the most important certification for real estate agents practicing in the emirate of Dubai. RERA was formed in 2007 and is the governing body of DLD and works towards policy formulation, regulation of the Real Estate sector and most importantly, protecting consumers’ rights in property related transactions.
Some of the Parameters of RERA Certification
Regulation and Oversight:
RERA is the regulatory body responsible for the management of real estate business in Dubai with the aim of making the market free from fraud. This involves regulating the real estate agents, managing the developers, and regulating advertisements and owners’ associations.
Certification Process:
In order to obtain a practitioners’ license in real estate in Dubai, the following steps have to be followed: successful completion of the training courses offered by the Dubai Real Estate Institute (DREI) and taking the RERA examination. This certification proves that the applicant has the knowledge on the legal and regulatory requirements that are followed in the real estate sector in Dubai as well as the laws that govern property, the real estate market trends and the best practices.
Benefits of RERA Certification:
- Credibility: This paper shows that the RERA certification authority is a beneficial regulating body for the real estate industry. It gives the client the impression that the agent that they are dealing with is professional, informed and trustworthy.
- Legal Compliance: Certified agents know the laws and regulations thus the chances of having legal problems and hiccups in the transaction process is minimal.
- Market Advantage: Certification is beneficial in Dubai’s fast growing real estate industry; it can be an advantage when searching for a job and increase one’s income.
- Smart Initiatives and Tools: RERA together with DLD has provided several smart applications that include the Dubai REST and the Dubai Brokers app. They assist in the process of buying and selling of real estate, offer the most updated information on the licensed brokers and also assist in the management of leasing activities through the use of Ejari.
- Importance for Stakeholders: To the buyers, sellers and the renters, working with the RERA certified professionals makes them have a surety that they are not being duped and that they are working within the required law. This trust is very important in the enhancement of a stable and reliable real estate market in Dubai.
Therefore, the RERA certification is crucial for anyone who wants to kick start his/her career in Dubai’s real estate sector. It doesn’t just enable people to acquire the right knowledge and skills but also guarantees that the right level of professionalism is observed at all times. If you want more information, you can go to the websites such as ThinkProp, the DET Group, and Manage My Property.
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