Real Estate Regulatory Authority Continuous Professional

Development Programme

RERA Diploma in Real Estate

The BIBF is a semi-government training instituteaffiliated with the Central Bank of Bahrain, established in 1981. 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.

ABOUTBANKING

ACCOUNTING & FINANCE

ISLAMICFINANCE

IT & PROJECTMANAGEMENT

INSURANCE

LEADERSHIP &MANAGEMENT

EXECUTIVELEADERSHIP

ACADEMICSTUDIES

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.

students in 63 countries since its inception in 1981

The BIBF has delivered training to over

GLOBAL REACH

RERA MandateThe 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: www.rera.gov.bh

Objective of this Programme for Real Estate Brokers and Sales AgentsOne 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 Diploma in Real Estate ProgrammeThe programme designed for professionals working in the real estate sector is open to real estate brokers and sales agents to learn the principles of real estate, management and financing. The course also covers economic and investment related topics using a balanced approach between theory and practice. This course is designed for those who do NOT hold a university degree.

The course is designed to build a strong and sustainable real estate sector by ensuring that all real estate service providers operate to the highest international professional standards.

This is a customised course for the Bahrain market. The course covers the key competencies required for practitioners operating in today’s real estate market.

Course Objectives• Develop an understanding of the role, rights, obligations and responsibilities of persons working on or joining the real state sector as a profession. • Creating efficiencies by embedding best practices throughout the real estate sector. • Provide comprehensive insights into the real estate market, including legal, technical, investment marketing and financial aspects. • Provide case studies to enhance understanding and market analysis. • This course is considered an opportunity for those who did not obtain a post- secondary degree.

Course Modules

Module 1 :

Module 2:

Module 3:

Module 4:

Module 5:

Module 6:

Module 7:

Module 8:

Rulers, Market Regulators, Market Players, Iconic Projects, Ownership

Types.

Plus, Testing Understanding Q&A.

A: Licensing, Brokers, Sales Agents, Developers

B: Systems and Registers, Escrow Account, RE Registers, Violations

and Penalties

C: Real-estate Concepts, Contracts, General Definitions/RE Terms,

Advice to Brokers.

Plus, Learning Scenarios: Q&A

Sales Process: Sales Cycles, Sales Models, Sales Contracts (Dubai

Model), Role Play.

Owners Association: Establishment, Key Stakeholders and their Roles,

Common Areas Definition, Bylaws and the Articles of Association

of the Owners Union, Learning Exercise and Calculation of Service

Charges.

Essential Skills: Marketing Concepts, CMA, Useful Mathematical

Concepts, Role play/ Sales Case Study/CRM Form/ Market Experts

Visits.

Real Estate Project Management.

Real Estate Marketing.

Legal framework: RERA Law, Code of Conduct, Conflict of Interest.

Course Details: Course Duration: 40 hours (delivered over 10 days x 4 hours daily)

Course Fee per Participant: BD 1,000/-

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 55% out of 100%.

Course Dates:

Language Course Start Date Course End Date

Arabic July 15 July 26

Arabic October 7 October 18

English October 21 November 1

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

Diploma in Real Estate or RERA Practitioner Certificate in Real Estate for Brokers.

Contact the Banking Centre at the BIBF for more information on starting dates and

process of registration by emailing us on realestate@bibf.com or calling the programme

officer on 1781 5591

Fill in the registration form

Submit all of the required documents along with your personal details as listed below:

1. Full Name

2. CPR Number

3. Email 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)

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.

Step 1:

Step 2:

Step 3:

Step 4:

11

REGISTER NOW!

Registration FormReal Estate Regulatory Authority Continuous Professional Development ProgrammeRERA Diploma in Real Estate

Self Sponsored

Name of 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 Email (Work)

*Broker License No: *Sales Agent License No:

*Name of Affiliated Broker

*Signature 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 Email (Work)

*Broker License No: *Sales Agent License No:

*Name of Affiliated Broker

*Signature Date

Self Sponsored Organisation Sponsored

Organisation Sponsored

Organisation Information

Contact Person :

Mr/Mrs/Ms First Name Middle Name Last Name

Position Department

*Nationality *CPR

Address

Organisation Country

Office Tel Fax Email

*Signature & Stamp Date

BIBF Application Fee (Non-refundable) BD 25

Please forward this form to: The Registrar, BIBF, PO Box 20525, Manama, Kingdom of Bahrain +973 17 815591 +973 17 729928 / 17916420 realestate@bibf.com

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. Expiry Date

Cardholder’s Name Signature

Cash

Online Payment pay.bibf.com

BHD 1,000/- per participant

INFORMATION DESK

Receipt Number Amount Date

Comments

Information Desk Attendant Signature

REGISTRATION OFFICE

Student ID Registered By Date

Comments

FOR BIBF OFFICE USE ONLY

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.

Programme Fees

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 RegistrationPlease contact the Centre for Banking

For InformationPlease contact Real Estate Regulatory Authority

(+973) 1781 5555 / 1781 5591

realestate@bibf.com

(+973) 1756 6777

Info@RERA.gov.bhwww.RERA.gov.bh