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Research the real estate business of the Unite Arab Emirates UAE.

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

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