Real Estate Regulatory Authority Continuous Professional Development Programme RERA Practitioner Certificate in Real Estate Stream 1

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1 Real Estate Regulatory Authority Continuous Professional Development Programme RERA Practitioner Certificate in Real Estate Stream 1 In Strategic Partnership with

2 BANKING ACCOUNTING & FINANCE ISLAMIC FINANCE IT & PROJECT MANAGEMENT INSURANCE LEADERSHIP & MANAGEMENT EXECUTIVE LEADERSHIP ACADEMIC STUDIES ABOUT The BIBF is a semi-government training institute affiliated with the Central Bank of Bahrain, established in It plays a vital role in the training and development of human capital in Bahrain, the wider Middle East, North Africa and beyond. The BIBF s commitment to excellence has strengthened its position as the leading educational provider across all major business disciplines. The Institute serves as a partner to numerous world-class institutions; delivering Thought Leadership, Assessment and Training in the areas of Banking, Islamic Finance, Executive Development, Accounting & Finance, Academic Studies, Leadership & Management, Insurance, Information Technology and Communication, Project Management and Supply Chain Management; resulting in a complete business solution.

3 GLOBAL REACH The BIBF qualifies over 20,000 learners a year across all major business disciplines and economic sectors. Since its establishment, it has provided training and development opportunities in 63 countries giving the institute a global footprint. The BIBF has delivered training to over students in 63 countries since its inception in 1981

4 RERA Mandate The Real Estate Regulatory Authority (RERA) was officially formed with the issuance of Royal Decree 69/2017. RERA will deliver on the vision of His Royal Highness Prince Salman bin Hamad bin Isa Al Khalifa the Crown Prince Deputy Supreme Commander and First Deputy Prime Minister to: Deliver effective and fair regulation in the real estate market Promote economic growth and investment in Bahrain Protect the rights of and create a better life for every Bahraini The central role of RERA is to ensure that the real estate industry in Bahrain is aligned to international best practice standards and to deliver a professional service in a cost-effective and transparent manner. In line with RERA s strategic initiative, we have developed a training program to train all real estate Brokers and Sales Agents who are currently practicing or intending to practice within the Kingdom of Bahrain. For more information visit:

5 Objective of this Programme for Real Estate Brokers and Sales Agents One of the most significant changes under RERA Law 27 of 2017 is the introduction of a licensing requirement for real estate professionals and the requirement for real estate sales agents to hold a license from RERA. Real estate sales agents will be required to hold a specific license to sell property and be affiliated with a RERA registered broker. All brokers and sales agents must complete the mandatory training programme proposed below as part of the eligibility to acquire or renew the RERA Broker license. Delivery Partner RERA is partnering with the Bahrain Institute of Banking and Finance (BIBF) for the delivery of this programme. All training courses will be held at the BIBF premises. About RERA Practitioner Certificate in Real Estate Programme Stream 1 The course is designed to build a strong and sustainable real estate sector in Bahrain by ensuring that all real estate service providers operate to the highest international and professional standards. The Certificate in Real Estate is a customised course for the Bahrain market for practicing real estate brokers and sales agents with a University degree and 3 years of relevant work experience in Real Estate Brokerage. Course Objectives Build a professional real estate service provider sector operating to the highest international standards. Increase practitioner s knowledge, expertise and efficiency. Strengthen the reputation of the real estate sector. Qualify interested parties to work in the real estate sector and to support them with the requisite professional skills and competencies. Completing this course and passing the exams is a requirement to obtain or renew your broker or sales agent license.

6 Course Modules Module 1 : Rulers, Market Regulators, Market Players, Iconic Projects, Ownership Types. Module 2: A: Licensing, Brokers, Sales Agents, Developers. B: Systems and Registers, Escrow Account, RE Registers, Violations and Penalties. C: Concepts, Contracts, General Definition of RE Terms, Advice to Brokers. Module 3: Sales Process: Sales Cycles, Sales Models, Sales Contracts (Dubai Model). Module 4: Owners Association: Establishment, Stakeholders and their Roles, Common Areas Definition, Bylaws and the Articles of Association of the Owners Union. Module 5: Essential Skills, Marketing Concepts, CMA, Useful Mathematical Concepts, Case Studies. Module 6: Legal Framework.

7 Course Details: Course Duration: 20 hours (delivered over 5 days x 4 hours daily) Course Fee per participant: BD 500/- Note: Tamkeen funding is available for Bahraini nationals. All other nationalities The course fee is to be paid in full one week prior to the course start date Assessment Method: All participants will go through a final assessment at the end of the training course to assess and verify their competency with a passing threshold of 60% out of 100%. Course Dates: Language Course Start Date Course End Date Arabic 15 July 19 July English 23 September 27 September Arabic 30 September 4 October Arabic 4 November 8 November English 11 November 15 November Arabic 9 December 13 December

8 How Do You Apply? RERA recommends all those who are currently holding a RERA Broker or Sales Agent license to register as soon as possible as places will be allocated on a first come, first served basis. RERA license holders should choose the preferred date from the aforementioned calendar, based on the eligibility (example: holding a university degree to take the Certificate) to take either the RERA Practitioner Certificate in Real Estate Stream 2 or RERA Practitioner Certificate in Real Estate Stream 1. Step 1: Contact the Banking Centre at the BIBF for more information on starting dates and process of registration by ing us on realestate@bibf.com or calling the programme officer on Step 2: Fill in the registration form Step 3: Submit all of the required documents along with your personal details as listed below: 1. Full Name 2. CPR Number 3. ID 4. Broker License Number 5. Sales Agent License Number (Where Applicable) 6. Name of Affiliated Broker (for Sales Agents only) 7. Scanned Copy of Proof of Experience (From the Current/Previous Employer) 8. Scanned Copy of Qualification (a University Degree From a Recognised University) 9. The Course Dates (Please Provide 3 Options in the Order of your Preference) 10. Company Details (CR Number, Business Address, Website Address) Step 4: Pay the full fees at the BIBF Note: Candidates will be allocated the required course dates based on a first come, first served basis. Due to the limited seats available for each cohort, candidates may be allocated to the next alternative course slot. All registered participants will be sent joining instructions for the course, once confirmed.

9 REGISTER NOW! 11

10 Registration Form Real Estate Regulatory Authority Continuous Professional Development Programme RERA Practitioner Certificate in Real Estate Stream 1 Self Sponsored Name of Participant Self Sponsored Organisation Sponsored Mr/Mrs/Ms First Name Middle Name Last Name Position Department Organisation *Nationality *Date of Birth (dd/mm/yy) *Address *CPR *Country Office Tel *Mobile *Broker License No: *Name of Affiliated Broker (Work) *Sales Agent License No: *Signature Date Organisation Sponsored Organisation Information Contact Person : Mr/Mrs/Ms First Name Middle Name Last Name Position Department *Nationality *CPR Address Organisation Office Tel Fax Country *Signature & Stamp Date Name of the Participant Mr/Mrs/Ms First Name Middle Name Last Name Position Department Organisation *Nationality *Date of Birth (dd/mm/yy) *Address *CPR *Country Office Tel *Mobile *Broker License No: *Name of Affiliated Broker (Work) *Sales Agent License No: *Signature Date

11 Methods of Payment Cheque Please find enclosed a cheque for made payable to BIBF. Credit card Please debit my credit card Visa Mastercard Card No. Cardholder s Name Cash Expiry Date Signature Online Payment pay.bibf.com Programme Fees BHD 500/- per participant TERMS & CONDITIONS: 1. BIBF offers courses on the basis that there will be sufficient students to justify running it or else the course will be cancelled. 2. BIBF may modify the dates or cancel the course should any unexpected/unavoidable circumstances arise. BIBF s liability in the event of any modification or cancellation will be limited to cover the fully paid course fees. 3. In the event of cancellation of the course, BIBF will refund the amount paid in full by the student for the course. If the course is postponed by BIBF, the students have the option to ask for a refund. 4. Students should attend the full duration of the course as scheduled and strictly abide with the stated course timings. In the event of a student attending less than 80% of the total course hours, the student will be withdrawn from the course, marked as a Drop Out, and requested to re- register. 5. Course deferral requests should be made by a student in writing one week prior to the course commencement date. No deferral requests will be entertained thereafter. Fees can be deferred for one session only, and course fees paid will not be refunded. Students are not allowed to attend a different course/subject for an approved deferral request. 6. Students may withdraw from their course by giving a written notice of not less than one week prior to the commencement date. The refund policy of the Centre will apply. 7. BIBF reserves the right to change the fee structure without prior notice. Required Documents to be Attached 1. Scanned copy of proof of experience (From the current/previous employer) 2. Scanned copy of qualification (a university degree from a recognized university) 3. The course dates (please provide 3 options in the order of your preference) 4. Company details (CR Number, Business address, website address) FOR BIBF OFFICE USE ONLY INFORMATION DESK Receipt Number Amount Date Comments Information Desk Attendant Signature REGISTRATION OFFICE Student ID Registered By Date Comments BIBF Application Fee (Non-refundable) BD 25 Please forward this form to: The Registrar, BIBF, PO Box 20525, Manama, Kingdom of Bahrain / realestate@bibf.com

12 For Information Please contact Real Estate Regulatory Authority (+973) For Registration Please contact the Centre for Banking (+973) / realestate@bibf.com