Please research the real estate business of the Unite Arab Emirates UAE and answer how each topic below is done (be sure to cite your sources of information)
• The Real Estate Sales Process
– Listing the property
– MLS system or equivalent? Is it a proprietary database?
– What level of data is available to the open public?
– Process for marketing the property
– Presentation and negotiations
– Closing process: buyer and sellers’ responsibilities
• Licensing requirements and process
– Which government body oversees the licensing?
– Training requirements
• Responsibilities of salesperson & broker
– Their Role
– Broker & salesperson compensation
– Broker’s representation (who does the broker represent?)
• Foreclosures
• Property management