Brokerage
Bylaw No. 85 of 2006 is the brokers' own rulebook: who may broker, how to get on the Register, the duties that come with it, when commission is earned, and how brokers are disciplined. The exam tests its short deadlines and its commission rules by scenario, so learn the article numbers alongside the periods.
Brokerage practice, ethics and compliance7 min read8 sections
Every candidate is sitting the exam to join the Register this Bylaw creates, so examiners expect you to know it article by article. Items are short: a deadline to count, a fee to split between brokers, a penalty the Committee may or may not impose.
Article 3 sets two conditions: a licence from the competent entities (the governmental or semi-governmental licensing bodies) and entry in the Register kept by the Department (Art. 4). A trade licence alone is not enough. 'Person' includes companies (Art. 2).
| Article 6 item | What it means |
|---|---|
| 1. Trade licence | Valid licence from the competent entity |
| 2. Chamber membership | Dubai Chamber of Commerce and Industry certificate |
| 3. Passport copies | Of the applicant(s), sole establishment or company |
Every note. Every question. One pass.
6 more sections of this note are part of Premium.
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| 4. Office | Title deed or tenancy contract of the brokerage office |
| 5. Good conduct | For the owner and the managing director(s) |
| 6. Fitness | No director or manager bankrupt or convicted of a crime affecting honour or trust |
| 7. Training | Certificates of DLD-accredited brokerage training |
| 8. Test | Pass in the brokerage test prepared by the DLD |
In practice (RERA Practice Guide, Nov 2024): obtain the licence from the licensing authority, register it in Trakheesi, apply for the broker card in Trakheesi, pay the fees and the electronic card is issued. Brokers must also download Dubai REST.
