Form B
RERA Form B in Dubai is a key agreement that establishes the relationship between a property buyer and a real estate broker. By signing this form, the buyer authorizes the broker to represent them in finding and negotiating the purchase of a property.
Key components of RERA Form B include but are not limited to:
- Buyer Representation: The form officially appoints the broker to act on the buyer's behalf in the property search and negotiation process.
- Define Terms: Outlines the buyer’s specific requirements, budget, and payment terms, ensuring that both the buyer and broker have a clear understanding of the objectives.
- Broker fees: Specifies the commission or fees that the buyer agrees to pay the broker for their professional services.
RERA Form B ensures transparency and clarity in the relationship between the buyer and the broker, providing a structured approach to finding the right property.