RERA Contracts A, B and F Explained

RERA requires brokers to use its smart contracts for marketing and sales (RERA Real Estate Brokerage Practice Guide, 2nd ed., Nov 2024). Three come up again and again.

How they fit together in a resale

• The listing brokerage signs Contract A with the seller before marketing; every advert then needs a Trakheesi permit.
• The buyer's brokerage signs Contract B with the buyer.
• When terms are agreed, seller and buyer sign Contract F; the sale is then completed and registered through a registration trustee office.
• If a Contract F dispute arises, the parties can apply through Trakheesi for RERA's amicable settlement service; if that fails they go to the courts.

What the brokers register says about commission

• A brokerage agreement must be in writing, naming the parties, the property and the terms (Bylaw No. 85 of 2006, Art. 26).
• Commission is set by agreement, otherwise by prevailing practice (Art. 27).
• It is earned only if the contract is concluded; by default on signing the sale contract and registering it with DLD (Art. 28).
• Several brokers acting for one party share one commission (Art. 31); if a party appoints several brokers separately, only the one who concludes the deal is paid (Art. 32).

Practise these in the Contracts A, B and F questions.