The Real Estate Regulatory Agency (Rera), has so far registered around 2,151 broker licences under the four-tier colour-coded classification system, agency spokesperson said.
"Currently, some 2,151 broker licences have come up for renewal and have been registered according to the new colour-coded classification system. This system has recently been introduced and is at a very early stage."
Rera confirmed that a total of 1,300 brokers undertook the certified training course during the period from June until December last year.
According to Rera, as at the end of 2009 there were 5,902 brokers registered within the agency.
"Around 8,216 individuals have done the certified courses of the Dubai Real Estate Institute (DREI) indicating that not all of the attendees who undertook the coursework were professional brokers active in the market," said the spokesperson.
Rera's licensing requirements want that all real estate practitioners take the certificated course offered by DREI.
The agency also said the diploma course is compulsory for broker firm owners who do not have a university degree.
Rera, in September 2009, announced the four-tier broker classification system whereby brokers were granted one of four types of licences authorising them to sell property of a particular type or in a specified area.
Emirates Business
