Who is required to sign form F first in a real estate transaction?

Study for the Dubai Real Estate Broker Exam with comprehensive practice questions and insightful explanations. Prepare with flashcards and multiple choice questions to ensure your success!

In a real estate transaction under the Dubai Real Estate Regulatory Agency (RERA) guidelines, the buyer is required to sign form F first. This form serves as the official sales and purchase agreement and outlines the key terms of the transaction, including details of the property, the buyer, the seller, and the agreed purchase price.

The reason for the buyer signing first is that it signifies their commitment to the transaction and acceptance of the terms proposed by the seller. Once the buyer has signed, the form is then presented to the seller for their signature, thereby formalizing the agreement between both parties. This order helps ensure that the buyer's intention to purchase is clearly documented before the seller affirms the agreement.

In the context of the roles of the other parties involved, while the agents facilitate the transaction and the notary may play a role in finalizing the contract, they do not sign the form F as part of this initial agreement process. This sequence is crucial in ensuring the legal standing of the agreement and protecting the interests of both the buyer and seller.

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