When two agents agree to collaborate, both RERA-certified agents are required to complete Form I. This form’s objectives are to safeguard agent listings, agent clients, and to guarantee a qualified RERA real estate agent’s professional relationship with another agent.
Form A | Broker’s Contract Agreement / Listing Form
This RERA form in Dubai will describe the contract between the seller and the listing agency. All of the property’s information, including financial information such service fees, mortgage status, and payment schedules, will be included in RERA Form A. Assuring that the seller’s property won’t be listed on any portals that they haven’t agreed upon, it will also detail how the property will be marketed. Form A will be approved by the DLD’s Trakheesi system after it has been signed, and this will give the property advertisement a permission number.
While working with a real estate agent, it is best to work with one of the qualified agent and has knowledge about the procedures & documentation. A qualified agent will be able to find you the right property based on your requirements. This agent will only work for the buyer. In this scenario, a buyer’s agent completes FORM B and the buyer(s) sign the agreement.
The tenancy contract or rental agreement is a legally binding contract that allows the tenant to use a property for a particular purpose at a specified time period. The agreement details out all the lease terms and the mutually agreed-upon expectations and requirements of both parties. Having a formal rental agreement in Dubai helps to prevent misunderstandings and future disputes that may occur.