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Total questions: 20
Worksheet time: 15mins
What happens when a client calls through your listing on bayut?
You receive a call from the client
Customer service receives a call from the client
The seller gets a call from the client
All the above
what do we do If the buyer agrees to the sellers price?
give the seller the good news
Make the seller a lower offer than what was offered
Make the seller a higher offer than what was offered
Ask Allie what to do in a situation like this
What questions should you ask the buyer?
Do they have a UAE bank accoint?
How will they pay for the property?
Will they be here for the transfer or will they need a POA?
All the above
What does the NOC letter timeline depend on?
The client's financial situation
The developer
The trustee office you're dealing with
McCone's ability to expedite the process
Who usually pays for the sales NOC?
Seller
Buyer
Who is the clearance letter from the bank sent to? (Choose Multiple)
Developer
Seller
Buyer
DLD
What is the first step you must do to initiate any type of sale transaction? (Cash & mortgage)
Sign Form F & take 10% deposit
Sign Form F & take 5% deposit
Get the liability letter
Tell you're colleagues you're the best salesperson in the world
What is the minimum timeline we put in the Form F for a mortgage sale?
4 weeks
5 weeks
7 weeks
8 weeks
How much does an NOC usually costs?
10% of the property value
500 to 5000 + VAT
4% + VAT of the property value
500 to 10000 + VAT
How much is your commission on a mortgage to mortgage sale?
2%
3% + VAT
2% + VAT
5% + VAT
What is the DLD fee for a ready property?
4% + VAT
4% + 580 AED
8% + VAT
2% + 40
What do we communicate as a final percentage of fees that buyers are likely to spend?
8%
6%
4%
7%
What is the common property blocking fee & who pays it?
1545 paid by seller
1554 paid by developer
1545 paid by buyer
1564 paid by buyer
How long does it usually take to get an NOC from the developer?
1 - 14 days
1 - 5 weeks
2 - 15 days
1-4 weeks
Who does the property valuations?
The bank
The developer
McCone Properties
Allie Guy
What does NOC stand for?
No objection contract
No oriented comment
No objection certificate
No old contract
How much is the fee to get an oqood?
4200
5250
6300
4000
What does KYC stand for?
Know your customer
Know your corner
know your cat
keep yummy croissant
What is the recommended conveyancing fee to take from both sides for a cash to cash deal?
5000 AED
2000 AED
9000 AED
25000 AED
What is the name of our conveyancing company?
Beta blue
Alpha red
Sigma green
Alpha blue
