WHY BECOME A REAL ESTATE AGENT IN DUBAI?
Being a real estate agent is an interesting career choice as you have the chance to help people find their dream homes. It’s an engaging job where you have the opportunity to meet with a diverse, multicultural client portfolio.
Becoming one of the highly regarded and successful real estate brokers in Dubai is not an easy job. It’s a competitive industry, so be prepared to work hard, engage regularly with customers and learn to identify their needs.
First step to becoming a real estate agent in Dubai is to sign up for the training with Dubai Real Estate Institute (DREI). Known as the Certified Training for Real Estate Brokers, the four-day course aims to give you the necessary insight into the region’s real estate industry.
The course is approved by the Real Estate Regulatory Agency (RERA), which is the regulatory arm of Dubai Land Department (DLD).
The certification course will further delve into the role of these government bodies. The various modules covered in the DREI training for real estate agents in Dubai include:
- History and Development
- The Business of a Broker
- Concepts, Definitions and Market Players
- Sales Processes and Agreements
- Leasing Process and Rental Agreements
- Code of Ethics
- Introduction to Owner’s Associations
- Legal Module
- Essential Skills
Step 2 - TAKE THE RERA EXAM
Once you complete the four-day training, you will have to appear for a written RERA registration exam. For bachelor degree holders, the exam fee is AED 3,200 while applicants without a bachelor’s degree have to pay AED 6,300. The test is easy, provided that you have covered the contents of the certification course well.
Step 3 - OBTAIN THE REALTOR LICENCE
Once you clear the exam, you will be on your way to get a realtor licence for working as a real estate agent in Dubai. An additional requirement for getting a broker’s licence is a certificate of good conduct.
Once you meet these requirements, the Economic Department will issue your broker licence and card. You will receive your credentials within one or two days after you submit all the required documents.
You have to renew your licence one month before the expiry date to avoid any penalties by the issuing authority.
HOW TO RENEW YOUR REAL ESTATE AGENT LICENCE IN DUBAI
To renew your licence, you need to take the RERA agent registration exam once again and score at least 85%. Once you clear the exam, you can complete the renewal process online.
Note that if you fail to apply for renewal within the due date, your licence could be subject to cancellation, or you will be required to take the training course once again.
Documents required for the renewal process include:
Copy of valid passport with file/residence permit
Personal photo
Certificate of qualification
Real estate agent licence renewal fee is AED 510.
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