1.
A parcel of land was sold by a corporation to the buyer. In case of a corporation, it is required
that the person who will sign the deed of absolute sale must be
a. The President of the corporation
b. The corporate secretary
c. The Vice-President for Real Estate
d. The person authorized by a board resolution
e. The person authorized by the president
2. It is a contract by virtue of which the creditor acquires the right to receive the fruits of an
immovable of his debtor, with the obligation to apply them to the payment of the interest, if
owing thereafter to the principal of his credit.
a. Deed of sale
b. Antichresis
c. Deed of Mortgage
d. Contract to Sell
3. A kind of mortgage which can be paid off even before its maturity.
a. Open Mortgage
b. Closed Mortgage
c. Voluntary Mortgage
d. Judicial Mortgage
4. Marital consent is not required in deed of sale, except:
a. When the property relations of the spouses is one of absolute community
b. When the property relations of the spouses is one of absolute separation
c. When the property relations between the spouses is one of the conjugal partnership p and
the property involved was acquired by onerous title during the marriage at the expense of
the common fund
d. A and b
e. A and c
5. Essential Requisites of a contract of sale.
a. Cause or consideration
b. Object or subject matter
c. Consent or meeting of the minds of the buyer and seller
d. All of the above
e. None of the above
6. The contract of lease shall be binding on third parties if the contract of lease is:
a.
b.
c.
d.
e.
Duly notarized
Recorded in the Civil Registry
Recorded in the Registry of Property
In writing and duly notarized
In writing
7. A term that refers to the reservation of right to buy which is separate from the purchase price.
a. Option
b. Earnest
c. Partial payment
d. Escrow
e. Full down payment
8. What is the Rule in case area is different from that stated in the contract and the sale is for a
lump sum:
a. The vendee may accept the area included in the contract and reject
b. The vendee may accept the whole area, but must pay for the excess area at the contract
c. There shall be no increase or decrease of the price although there is a greater or lesser area
that stated in the contract.
d. All of the above
e. None of the above
9. Mr. Y sold a parcel of land to 2 or more buyers, who has a better right to the ownership of the
property.
a. The buyer in good faith who first recorded sale in the Civil Registry
b. The buyer in bad faith who first recorded the sale in the registry of property
c. The buyer is good faith who can present the oldest title
d. The buyer in good faith who was first in possession
e. The buyer in good faith who first recorded sale in the registry of property
10. Mr. X sold the a parcel of land to Mr. Y without the written consent of his wife, Ms. Z. The
property regime of the couple is absolute separation. What is the effect of the sale:
a. Valid
b. Void
c. Unenforceable
d. Voidable
11. Money given by the buyer to the seller, as a proof of the perfection of the contract. It is a partial
payment of the purchase price and it must be deducted therefrom:
a. Option money
b. Play money
c. Earnest money
a.
b.
c.
d.
e.
Guardians
Executor and administration
Agents
All of the above
None of the above
18. The buyer bought a 200 sqm. Subdivision lot at P10,000.00/ sqm. He paid 20% down payment
the balance payable in 120 equal amortizations totalling P 1,152,000 inclusive of penalty interest
of P 52,000.00.
Compute for his cash surrender value under the Maceda Law.
a. 853,600
b. 750,000
c. 825,000
d. None of the above
e. No cash surrender value
19. Assuming same values but he has paid 18 monthly amortization totalling to 354,978 monthly
amortization inclusive of 54,978. What is the cash surrender value under the Maceda law, if any.
a. 350,000
b. 377,489
c. 354,978
d. None of the above
e. No cash surrender value
20. The buyer bought a 200 sqm. Subdivision lot at P20,000.00 / sqm. He paid 20% down payment
the balance payable in 180 equal amortization at 22% interest per annum. He has paid 168
monthly amortization totalling P 3,872 inclusive of penalty interest of P72,000.00.
Compute for his cash surrender value the Maceda Law. What is the cash surrender value under
the Maceda law, if any.
a. 4,370,000
b. 4,140,000
c. 3,872,000
d. 4,204,800
e. None of the above
REB EXAM.
21. The technical description in the TCT of a real property can readily be plotted on a sheet by usng
the following date
a. Bearing and lot point (monuments)
b. Distance and lot points (monuments)
27. The rational approach of allocating available land resources as equitably as possible among
competing user group.
a. Land assembly
b. Land use plan
c. On-site development
d. Urban renewal
28. The following is covered by the requirement of Certificate of registration and license to sell
a. Sale of a subdivision lot resulting from partition of land among co-owner and heirs;
b. Sale or transfer of subdivision lot by the original purchase thereof and any subsequent sale
of the same lot;
c. Sale of subdivision lot by a real estate developer
d. Sale of subdivision lot or a condominium unit for the account of a mortgages in the ordinary
course of business when necessary to liquidate a bonafide debt.
29. Registration of real estate instrument can be given due course without the presentation of the
owners duplicate certificate of title when the document is
a. Notice of adverse claim
b. Notice of lis pendens
c. Writ of attachment
d. Deed of absolute sale
30. Special power of attorney are necessary in the following cases, except
a. To perform acts of administration
b. To lease any real property for more than a year
c. To convey real rights on immovable property
d. To cancel any obligation gratuitously
31. Which of the following government agencies is in charge of the overall strategies for the
countrys National Housing Program
a. National housing authority
b. Housing and land use regulatory board
c. Housing and urban development coordinating council
d. Land registration authority
32. The ratio that expresses the relation between gross income and sales price of a property is
a. Recapture rate
b. Effective gross income
c. Capitalization
d. Gross income multiplier
e. Return on asset
33. Unless extended for a justifiable cause, the period for development completion of a subdivision
project from issuance of license to sell is:
a. Six months
b. Twelve months
c. Eighteen months
d. As approved by HLURB
e. Twenty-four months
34. It refers to the acquisition of land at values base d on existing use in advance of actual need to
promote planned development and socialized housing
a. Land use
b. Land assembly
c. Land consolidation
d. Land banking
35. The following are modes of acquiring lands for purposes of Urban Development and Housing
Act, except
a. Community mortgage
b. Joint venture agreement
c. Negotiated purchase
d. Land swapping
e. Foreclosure
36. The following are determinants of value in appraisal of realty, except:
a. Contribution
b. Demand
c. Purchasing value
d. Scarcity
e. Utility
37. The government agency is responsible for the preparation of comprehensive land use in a
locality.
a. Local government unit
b. HUDCC
c. Register of Deeds
d. HLURB
e. DAR
38. A building is depreciated at 2.5% per year on a straight line basic. What is the estimated useful
life of the building?
a. 30 years
b. 40 years
c. 50 years
d. 60 years
39. The article of incorporation of homeowners association is registered with:
a. Securities and exchange commission
b. Housing and land use regulatory board
c. Home guaranty corporation
d. Bureau of trade regulation and consumer protection
40. It refers to the acquisition of land at values based on existing use in advance of actual need to
promote planned development and socialized housing
a. Land use
b. Land assembly
c. Land consolidation
d. Land banking
41. A subdivision plan of a registered land wherein a street, passageway or open space is delineated
on the plan
a. Simple subdivision
b. Complex subdivision plan
c. Subdivision open space plan
d. Open space subdivision plan
42. Any amendment to the master deed of a condominium project decided by the majority of
owners must be approved by the HLURB and
a. City/ Municipal Mayor
b. City/ Municipal Engineer
c. City/ Municipal Council
d. City/ Municipal Assessor
e. City/ Municipal Development Planning Officer
43. In mixed use condominium projects, the master deed may be amended by simple majority of
the unit owners. Majority is based on:
a. Number of condominium units
b. Total area of condominium units
c. Floor area of ownership
d. Value of the condominium unit
44. Amendment to the master deed of a condominium project approved by majority of the
registered owners need also be approved by the city/ municipal engineer and:
a. Local government
b. Housing and Urban Development Coordinating Council
50. A general area declared thru Proclamation 2146 as environmentally sensitive such that
significant environment impacts are expected if certain types/ thresholds of proposed projects
are located developed or implemented in it.
a. Environmentally Critical Area
b. Environmentally Critical Project
c. Environmentally Sensitive Area
d. Environmentally Safe Area
51. The article of incorporation of homeowners association is registered with:
a. Securities and Exchange Commission
b. Housing and Land Use Regulatory Board
c. Home Guaranty Corporation
d. Home Guaranty Corporation
e. Bureau of Trade Regulation and Consumer Protection
52. It refers to the acquisition of land at values based on existing use in advance of actual need to
promote planned development and socialized housing
a. Land use
b. Land assembly
c. Land consolidation
d. Land banking
53. A subdivision plan of a registered land wherein a street, passageway or open space is delineated
on the plan
a. Simple subdivision
b. Complex subdivision plan
c. Subdivision open space plan
d. Open space subdivision plan
54. Any amendment to the master deed of a condominium project by the majority of owners must
be approved by the HLURB and
a. City/ Municipal Mayor
b. City/ Municipal Engineer
c. City/ Municipal Council
d. City/ Municipal Development Planning Officer
55. In mixed use condominium projects, the master deed may be amended by simple majority of
the unit owners. Majority is based on:
a. Number of condominium units
b. Total area of condominium units
c. Floor area of ownership
d. Value of the condominium unit
56. Amendment to the master deed of a condominium project approved by major of the registered
owners need also be approved by the city/municipal engineer and:
a. Local government
b. Housing and Urban Development Coordinating Council
c. Housing and Land Use Regulatory Board
d. Land Registration Authority
57. The income approach to value is an applicant of the principle of:
a. Highest and best use
b. Substitution
c. Progression
d. Anticipation
58. An estimate or opinion of Value is:
a. Accounting
b. Appraisal
c. Valuation
d. Computation
59. The PAG-IBIG housing loan may be used to finance a purchase of a fully developed lot not
exceeding:
a. 2,000 sq.m.
b. 1,000 sq.m.
c. 5,000 sq.m.
d. 100 sq.m.
e. 200 sq.m
60. Urbanizable area refer to sites and lands, which considering present characteristics and
prevailing condition, display marked and great potential of becoming urban areas within the
period of
a. Two (2) years
b. Five (5) years
c. Fifteen (15) years
d. Three (3) years
e. Ten (10) years
61. The principle holds that when two or more commodities with substantially the same utility are
available, the one with the lowest price receives the greatest demands and widest distribution
a. Principle of Contribution
b. Principle of Balance principle of Highest and Best Use
c. Principle of Substitution
d. Principle of Competition
62. A general area declared thru Proclamation 2126 as environmentally sensitive such that
significant environmental impact are expected if certain types/thresholds of proposed projects
are located, developed or implemented in it.
a. Environmentally Critical Area
b. Environmentally Critical Project
c. Environmentally Sensitive Area
d. Environmentally Safe Area
63. If TCT has an annotation that says subject to Rule 74, Section 4 of the Rules of Court:, it means
that the property is an inherited property and any heir unduly deprived of his lawful
participation in the estate has __ years to assert his right over said property.
a. Two (2) years
b. Five (5) years
c. Four (4) years
d. Ten (10) years
64. Under RA 7279, _______________________ shall be resorted to only when other modes of
acquisition have been exhausted.
a. Negotiated purchase
b. Land Consolidation
c. Expropriation
d. Joint Venture Agreement
65. A brokers complaint for non- payment of commission by the developer shall be filed with:
a. HLURD
b. BTRCP
c. HUDCC
d. Courts
66. The income approach in estimating the value of an investment property is an application of
a. Principle of Substitution
b. Principle of Progression
c. Principle of Contribution
d. Principle of Anticipation
67. The principle of value which states that the value of a property tends to be enhanced where
there is reasonable homogeneity in use
a. Principle of Highest and Best Use
b. Principle of Conformity
c. Principle of Increasing Returns
d. Principle of Progression
68. When the loan is fully amortized by equal monthly payment, the amount applied to the
principal:
a. Decreases while interest payment increase
b. Increases while interest decreases
c. Increase by constant amount
d. None of the above
69. Total refund to buyer for developers failure to complete the development within the
reglementary period is equivalent to:
a. Decreases while interest payment increases
b. Increases while interest decreases
c. Increase by constant amount
d. None of the above
70. Total refund to buyer for developers failure to complete the development within th3
reglementary period is equivalent.
a. 50% of total payment inclusive of amortization interest less penalty interest
b. 50% of total payment inclusive of amortization interest and penalty interest
c. 100% of total payment inclusive of amortization less penalty interest
d. 100% of total payment less penalty interest plus legal interest
71. The Estate Tax Return shall be filed with the BIR within:
a. 60 days from death of decedent
b. 90 days from death of decedent
c. 120 days from death of decedent
d. 180ndays from death of decedent
72. Under the Urban Land Reform Law (PD 1517), an area is considered urban when it has a
population density of at least ___________ and where at least 50% of economically active
residents are engaged in non-agricultural activities.
a. 500 residents per square kilometre
b. 1,000 residents per square kilometre
c. 1,500 residents per square kilometre
d. 2,000 residents per square kilometre
73. An appraisal technique in which comparative estimates are made between prices paid in actual
transaction and the current listings:
a. Cost Approach
b. Income Approach
c. Market Approach
d. Economic Approach
74. A process that involves predicting and evaluating the likely impacts of a project (including
cumulative impacts) on the environment during construction, commissioning, operation and
abandonment.
a. Environmental Assessment Process
b. Environmental Evaluation Approach
c. Environmental Prediction and Impact Report
d. Environmental Impact Assessment
75. The Subdivision and Condominium Buyer Protective Decree, PD 957, governs the following,
except:
a. Regulates sale of subdivision lots and condominium units to buyer
b. Defines sale to be covered by registration
c. Defines duties and responsibilities of owner/developer (o/d) of condominium and
subdivision projects.
d. Rights of the real estate broker versus the developer
e. Defines rights of condominium/ subdivision units/ lot buyers.
76. X, owner of a 10-door apartment, rented a unit to Y for a period of one year. Under the law on
lease, Y, without consent of X, may perform any of the following acts, except:
a. Sublease the unit
b. Assign his rights
c. Suspend payment if X falls to make the necessary repairs
d. Demand reimbursement constituting one half the value of the useful improvement
introduced in good faith
77. Several houses valued at P 1,000,000.00 and P 2,000,000.00 were built in area where an existing
house valued at P 300,000.00 is located. As a result, the value of the latter increased. The real
estate principle of value that applies to this situation is called the principle of:
a. Substitution
b. Improvement
c. Progression
d. Regression
78. Presidential Decree No. 1216 defines open spaces in residential subdivision and requires
subdivision owners to provide adequate roads, alleys, sidewalks and reserved open spaces for
parks or recreational use equivalent to.
a. 10%
b. 20%
c. 25%
d. 30%
79. Registration of mortgage covering projects can only be affected when the deed is accompanied
by a permit to mortgage issued by:
a. Local Government Unit
b. Housing and Urban Development Coordinating Council
c. Home Insurance Guarantee Corporation
d. House and Land Use Regulatory Board
e. National Housing Authority
80. The priority of tenant to buy the land located is an urban reform area is known as:
a. Tenants possessory right
b. Tenants incremental right
c. Tenants right of first refusal
d. Tenant retention right
81. A petition may be filed by one or more unit owners of condominium project when damage to
the project has rendered one-half or more of the unit untenantable and unit owners holding
more than _________ percent interest in the common areas are opposed to repair or
restoration of the project:
a. 30%
b. 40%
c. 50%
d. 60%
82. At 18% interest per annum, how much is the interest of P500,000.00 loan fro 65 days using 360
as number of says in a year?
a. P15,000.00
b. P16,027.70
c. P16,250.00
d. P90,000.00
83. A land survey always uses a fixed point of reference, it could be any of the following, except:
a. City Boundary Monument
b. Bureau of Land Location Monument
c. Provincial Boundary Monument
d. Tie Line
e. Bureau of Lands Boundary Monument
84. A subdivision plan prepared for a flat terrain condition is:
a. Contour planning
b. Chaplan planning
c. Topographic Planning
d. Square planning
85. The technical description in the TCT of real property can be readily plotted on a sheet of paper
by using the following data:
a. BLLM and the tie line
b. Bearing and lot points
c. Bearing and tie line
d. Bearing and distance from lot points
e. Bearing and lot points
86. As provided by R.A. 7279, a developer of a subdivision is required to develop an equivalent of
twenty percent (20%) of the project for:
a. Open space
b. Socialized housing
c. Commercial area
d. Economic housing
87. In condominium, the share in the common areas may be made under the following modes,
except:
a. Equal sharing
b. Based on the value of the unit
c. Based on the number of units owned
d. Based on the unit area
88. The following reports are acceptable for a real estate appraiser under the RESA, expect:
a. Letter Report
b. Oral Report
c. Narrative Report
d. Form Report
89. Arnold and Rosita sold their house which is their principal residence. You as their broker have to
advise them that the transaction is exempt from the capital gains tax if they spend how many
percent of the sales proceeds in acquiring or constructing their new principal residence?
a. 50%
b. 75%
c. 100%
d. 60%
90. Exemptions on payment of six percent (6%) capital gains tax on the sale of an individual sellers
principal residence who will use the proceeds to purchase a new place of residence may be
availed of only once very:
a. 5 years
b. 8 years
c. 10 years
d. 12 years
91. Your client asked you to make a simple appraisal of his lot in Baguio prior to giving you an
exclusive authority to sell the lot. Based on the technical description and an inspection of the
property and surroundings, you have determined the following:
Land area
Average price of land in the area
Unobstructed view (plus)
Topography (minus)
Plottage value (plus)
118. Refers to housing programs and projects covering houses and lots or home lots only undertaken
by the Government or the private sector for the underprivileged and homeless citizens pursuant
to RA 7279.
a. Socialized Housing
b. Low Cost Housing
c. Homeless Housing Program
d. Low Cost and Homeless housing
119. It is the rational and deliberate allocation of land resources to different uses based on the
comprehensive and integrated plan for the area. It translates the social-economic, the
infrastructure and environmental plan into land allocations.
a. Land use plan
b. Land rationalization plan
c. Land use and comprehensive plan
d. Land use environmental plan
120. The following are modes of compliance with Sec. 18 or PD 7279, except.
a. Development of a New Settlement
b. Development of Subdivision Facilities
c. Slum Upgrading. To be certified by the National Housing Authority or the Local Government
Unit concerned.
d. Participation in the Community Mortgage Program (CMP) either as a financier or a developer.
121. No real estate dealer broker or salesman shall engage in the business of selling subdivision lots
or condominium units under PD 957 unless he has registered himself with
a. Professional Regulation Commission
b. Housing and Land Use Regulatory Board
c. Department of Trade and Industry
d. City Mayors Office
122. The following are advantage of condominium ownership, which does not belong
a. Easy to maintain
b. Can be sold to foreigners
c. Evidence by TCT
d. Economy in land space
123. The violation of the provisions of the Subdivision and Condominium Buyer Protective Decree
could subject the developer to fine of
a. 5,000
b. 10,000
c. 100,000
d. 20,000
124. In real estate appraisal, what approach is used through the conduct of a survey or investigation
into similar properties being sold in the area.
a. Market Data approach
b. Cost approach
c. Survey approach
d. Market Research approach
125. In case one cannot find or locate his copy of the owners duplicate certificate of title, he must file
with the register of deeds the following:
a. Affidavit of Loss
b. Affidavit of Recovery
c. Sworn statement of ownership
d. Sworn statement of loss of original copy
126. Some of the common annotation appearing in the title are the following, except:
a. Mortgage
b. Notice of Lis Pendens
c. Contract of Lease
d. Deed of Absolute Sale
127. In case of transfer tax payable to the municipal treasure, the rate of transfer tax shall be
a. 1.5%
b. of 1%
c. of 1%
d. 1%
128. For purpose of complying with the provisions of PD 957, the owner or developer may divide the
development and sale of the subdivision into phases, each phase to cover not less than
a. Ten (10) hectares
b. Five (5) hectares
c. Twenty (20) hectares
d. Fifteen (15) hectares
129. Prescribes the developmental pace, directions and strategies for the optimum use of land
resources in a community as well as its role in provincial, regional and national development.
a. Development Plan
b. Comprehensive land use plan
c. Community land use plan
d. Development land use plan
130. The following cases do not fall under the jurisdiction of the HLURB, except
a.
b.
c.
d.
131. The following documents of a sale of real estate are open to the public and a copy thereof may
be obtained by a person from the Register of Deeds except
a. Certified true copy of title
b. Lot and Vicinity map
c. Deed of Absolute Sale
d. Certificate Authorizing Registration on the sale
132. The principle of supply and demand is one of the basic principles of property valuation and in
case there are more properties being sold than the demand for such property, it is referred to as
a
a. Sellers market
b. Buyers market
c. Free market
d. Open market
133. An estimate of value of a parcel of land which is expressed in peso amount and made as of a
particular point in time
a. Value analysis
b. Appraisal
c. Assessment
d. Land value approximation
134. One may have an appraisal of real properties for the following purpose, except
a. Insurance for a manufacturing plant
b. Expropriation of land
c. Construction of additional improvement on the house
d. Partitioning of estate
135. Under PD 957, the real estate broker must file a bond in the amount of
a. 1,000
b. 5,000
c. 20,000
d. 25,000
136. It is referred to as the effect of real estate on the total economy where construction of real
estate brings an effect to other sectors of the economy
a. Economic effect of real estate
a.
b.
c.
d.
e.
P 500.00
P 1,000.00
P 5,000.00
P 10,000.00
P 20,000.00
148. In real estate brokerage, the principal is liable for the acts of the broker only if
a. Done within the period of authority
b. Within the scope of the authority given to the broker
c. The broker is licensed with HLURB
d. There is a holdover or safety clause
e. There is a written authority given to the broker
149. In the sale of a property of the owner, the real estate broker shall be entitled to commission if
a. The broker knows the buyer personally
b. The broker is able to find a ready and willing buyer
c. The broker is the only broker involved
d. The broker is the procuring cause of the sale
e. The broker is registered with the BIR
150. The holdover clause entitles the real estate broker to
a. Extension of his authority for the same period
b. Extension to look for a willing, ready and able buyer
c. Brokers commission even if the sale is closed after expiration of authority
d. Brokers commission even if the buyer was registered after the expiration of his authority
e. Brokers commission if sold to his buyer by another broker
151. The holdover clause in real estate brokerage, is also referred to as
a. Extension of authority clause
b. Automatic extension clause
c. Right to commission clause
d. Safety clause
e. Extension clause
152. In case a property is leased out by two (2) real estate brokers, the sharing of commission, in the
absence of any agreement, shall be
a. As determined by the owner
b. As determined by the tenant
c. Equal sharing
d. 60% for the broker who represent the lessee
e. 60% for the broker who represents the owner
153. A real estate broker, in engaging in the practice of real estate brokerage, must avoid certain
pitfalls in the practice, otherwise, t will result in the following, except:
a. Loss of investment in the prospective transaction by way of expenses;
b. Loss of expected income;
c. Loss of license;
d. Waste of time;
a.
b.
c.
d.
e.
Not valid
Void
Valid
Unenforceable
Useless
a.
b.
c.
d.
e.
P 240,000
P 225,000
P 225,600
P 220,000
P 112,000
165. A group of real estate brokers from the City of Manila gathered and met together and
exchanged properties for sale and wanted with each other. This arrangement is referred to as
a. Real estate association
b. Real estate property exchange
c. Multiple listing
d. Listing exchange
e. Listing association
166. Generally also referred to in real estate brokerage as a buyer who is willing and has the capacity
to buy the property
a. Preferred Client
b. Real estate buyer
c. Prospect
d. Suspect
e. Real estate property customer
167. In the ocular presentation and demonstration of a property being sold by a real estate broker,
the broker must point out to the buyer
a. The good of the property
b. The positive attributes and qualities of the property
c. The fact that it is not mortgaged
d. The title and tax declaration are free from all encumbrances
e. The property is updated in real estate tax payments
168. The most essential feature of earnest money paid by the buyer for the purchase of a
condominium unit is
a. It must be paid in cash
b. It must be at least 20% of the purchase price
c. It must be paid in managers check
d. It forms a part of the purchase price
e. It is distinct and separate from the purchase price.
169. It is a contract between the seller and buyer wherein the buyer reserves the right to buy the
property within a period of time and at a specified price
a. Option
b. Contract to sell
c. Income approach
d. Market date approach
181. A real broker performs his functions and receives compensation for the services rendered in the
form of
a. Salary
b. Professional fee
c. Profit
d. Gain
182. A real estate broker is required to obtain a license from the
a. Professional Regulatory Commission
b. Department of Trade and Industry
c. Housing Land Use and Regulatory Board
d. Professional Regulation Commission
183. Real estate as a profession refers to rendering of service for and on behalf of another, the sell,
lease, mortgage, exchange, on real estate matters, for a professional fee or
a. Valuable consideration
b. Profit
c. Professional salary
d. Valuable compensation
184. A kind of survey where the shape of the earth is taken into account in computing results is
known as
a. Plane survey
b. Geodetic survey
c. Topographic survey
d. Cadastral survey
185. The essential elements of real estate brokerage are, but not
a. Employment of the broker as an agent
b. There must be a written contract between the owner and broker
c. Functions to be performed by the broker must be specific
d. The services rendered by the broker are for a fee, commission or any other valuable
consideration
186. Refers to housing programs and projects covering houses and lots or home lots only undertaken
by the Government or the private sector for the underprivileged and homeless citizens pursuant
to RA 7279.
a. Socialized Housing
b. Low Cost Housing
193. The priority of a tenant to buy the land located is an urban reform area is known as:
a. Tenants possessory
b. Tenants incremental right
c. Tenants right of first refusal
d. Tenants retention right
194. A real estate broker has the following rights, except
a. To receive compensation for services rendered
b. To be informed of facts concerning the property listed with him
c. To be given ample time to complete the negotiations
d. To be paid only in money by the principal
195. Several houses valued at P1,000,000.00 and P2,000,000.00 were built in area where an existing
house valued at P800,000.00 is located. As a result, the value of the latter increased. The real
estate principle of value that applies to this situation is called the principle of:
a. Substitution
b. Improvement
c. Progression
d. Regression
196. The following are duties and responsibilities of a real estate broker, except
a. To be absolutely loyal to the principal
b. To inform the principal of all facts relevant to the transaction
c. To account for all the money entrusted to him
d. To protect the interests of the buyer
197. The principal is liable for all the acts of his agents such as the real estate broker which are
executed
a. Upon the own volition of the broker
b. Upon instruction of the buyer
c. Outside the scope of the authority
d. Within the scope of his authority
198. For a broker to be entitled to commission, he must find a buyer who will actually buy the
property
a. On the terms and conditions accepted by the owner
b. On cash payment only
c. Within fifteen days
d. On the terms and conditions imposed by the buyer
199. Where there is no mention of the commission due to the broker and his services were engaged
and subsequently a sale is made to buyer procured by the broker, the rate of commission may be
determined by
a. The schedule of commission in Metro Manila
b. The schedule of commission of the PRBRES
c. The established business practice
d. The established commissions of the real estate service organization
200. In real estate transactions, commission is due upon the
a. Perfection of the contract
b. Signing of the Deed of Sale
c. Taking possession by the buyer
d. Transfer of title to the buyer
201. Some of the conditions that the real estate broker must show to entitle the broker to
commission are, but not
a. That his services were contracted by the person from whom he seeks payment
b. That his effort is the procuring cause of the sale
c. That the buyer will pay in cash
d. That he was able to find a buyer who is ready, willing and able
202. Generally, the person who contracted the service of the broker in promoting the sale of his
property is bound for payment of commission and is the
a. Seller
b. Buyer
c. Representative of the buyer
d. Seller and buyer
203. This is a provision in a listing contract which entities the broker to commission even if the sale
were closed after the period of his authority, provided that the buyer was registered by the
broker with the seller during the period of authority
a. Safety clause
b. Safety holdover clause
c. Safety commission clause
d. Safety listing clause
204. In the absence of any stipulation to the contrary, the commission is payable in full
a. Upon the consummation of the contract
b. Upon perfection of the contract
c. Upon payment of the earnest money
d. Upon reservation
205. The sharing of commission between two people who are both real estate brokers shall be based
upon
a. Equal sharing
b. 60-40 in favour of the broker who brought the buyer
c. Agreement of the brokers
d. The owner of the property
206. It is always advised that when dealing with co-brokers that the sharing agreement, in order to
avoid disagreements and conflict in the sharing of commissions be
a. Be put in writing
b. Be clarified at the beginning
c. Be duly notarized
d. Be in front of at least two witnesses
207. It is a contract wherein a person binds himself to render some service or to do something in
representation of or on behalf of another, with the consent or authority of the latter
a. Contract of representation
b. Contract of Agency
c. Contract of Authority
d. Contract of service
208. The income approach in estimating the value of an investment property is an application of
a. Principle of Substitution
b. Principle of Progression
c. Principle of Contribution
d. Principle of Anticipation
209. The relation between one who reposes confidence in another who acts as his agent, based on
trust and confidence: as in the relationship of the broker and the owner is referred to as
a. Trust relationship
b. Fiduciary relationship
c. Confidence relationship
d. Trust and confidence relationship
210. The technical description in the TCT of real property can be readily plotted on a sheet of paper
by using the following data:
a. BLLM and the tie line
b. Bearing and tie line
c. Bearing and distance from lot points
d. Bearing and lot points
211. The essential elements of agency are the following, but not
a.
b.
c.
d.
218. The best form of authority/listing that a real estate broker should get from the owner is
a. Verbal listing
b. Written listing
c. Written listing and notarized
d. Written listing with a witness
219. A verbal listing obtained by a real estate broker to lease the house of the owner is
a. Valid
b. Void
c. Without effect
d. No validity
220. A method of property appraisal by estimating the fair market value of an improvement by
estimating present reproduction cost and deducting depreciation is:
a. Basic improvement approach
b. Cost approach
c. Income approach
d. Market data approach
221. A listing to sell the land of the owner wherein two or more brokers are authorized to negotiate
the sale of the property is referred to as
a. Double listing
b. Multiple listing
c. Non-exclusive listing
d. Public listing
222. An authority obtained to be an exclusive broker but the broker will not be entitled to
commission if the owner himself sells the property is referred to as
a. Non-exclusive listing
b. Exclusive right to sell
c. Exclusive listing
d. Owners exclusive listing
223. Mr. B got a listing to be the exclusive broker where the broker is entitled to commission even if
the owner himself sells the property is referred to as
a. Non-exclusive listing
b. Exclusive right to sell
c. Exclusive listing
d. Non-multiple listing
224. As to function, the contract of agency of the real estate broker may involve the following, except
a. Sales agency
b. Leases agency
c. Exchange agency
d. General agency
225. It is an authority given by a borrower for the broker to secure financing, or an authority given by
a financing firm for the broker to procure borrowers.
a. Mortgage agency
b. Loan agency
c. Creditor agency
d. Bank agency
226. The buyer gave an authority to a broker to look for a property for sale and negotiate the
purchase of said property and is referred to as
a. Purchase agency
b. Sale agency
c. Acquisition agency
d. Negotiation agency
227. A listing wherein the broker will depend on the over price over the amount desired by the seller
is referred to as
a. Net listing
b. Overprice listing
c. Open listing
d. Net overprice listing
228. One wherein the fee of the exclusive broker is stipulated as a percentage of the total
consideration/ selling price agreed is referred to as what kind of listing
a. Net listing
b. Percentage listing
c. Exclusive listing
d. Listing overprice
229. An appraisal technique in which comparative estimate are made between prices paid in actual
transactions and the current listings:
a. Cost approach
b. Income approach
c. Market approach
d. Economic approach
230. A real estate broker may obtain his listing for a condominium unit from the following, except
a. Newspaper classified ads and advertisements
b. Internet search (websites)
a.
b.
c.
d.
Contract to sell
Option contract
Contract to buy
Intent to buy
243. This is paid by a lessee to the lessor to reserve the land for the lessee to decide whether to lease
the land or not within a period of time at an agreed rent
a. Deposit rental
b. Option money
c. Reservation money
d. Earnest money
244. In the contract over the purchase of the property this amount is separate and distinct from the
purchase price
a. Option money
b. Earnest money
c. Reservation deposit
d. Reservation money
245. One of the reasons a buyer will initially give an option money to buy a parcel of land on cash is
a. Buyer would still like to study and decide whether to actually but the property or not
b. Buyer does not have money to buy the property
c. Buyer wants to buy the property on instalment
d. Buyer prefers to rent to own the property
246. It is an agreement wherein the consideration of a contract, or a portion thereof, is entrusted to
a third party known as escrow agent who is authorized to release payment upon fulfilment or
performance of some acts or conditions
a. Third party agreement
b. Deposit arrangement
c. Escrow agreement
d. Conditional payment agreement
247. Some of the reason in entering into an escrow agreement are as follows, except
a. When the property is occupied by squatters and the seller assumes the responsibility to eject
them
b. When the seller requests for time to vacate and to ensure delivery within the agreed period
c. When the buyer would need time before occupying the property
d. When title to the property has certain encumbrances which the seller has undertaken to
cancel
248. In general, when there are certain conditions which will still have to be performed by the seller
and the buyer would like to ensure that these conditions are fulfilled before full payment and the
seller, the amount to be paid shall
a. Be put in a bank account of the buyer
b. Be put in escrow
c. Be deposited in time deposit
d. Be held by the real estate broker
249. Real estate economics is the application of economic techniques to real estate markets. It tries
to describe, explain, and predict patterns of the following, but not
a. Supply
b. Demand
c. Desire
d. Price
250. Ain general, this means the effect of one aspect of the economy with the other economic
activities.
a. Economic effect
b. General economic effect
c. Multiplier effect
d. Economy aspect effect
251. The multiplier effect of real estate in the Philippine economy as per the government plan is said
to be in the estimated amount of
a. 1:10
b. 1:15
c. 1:20
d. 1:16
252. A Certificate certifying that, based on the submitted project description, the project is not
covered by the EIS System and is not required to secure an environmental compliance certificate
or ECC
a. Certificate of Non-Coverage
b. Certificate of Exemption
c. Certificate of Compliance
d. Certificate of Environment Compliance
253. The housing or real sector provides and sets of a domino effect on other economic activities
which can be referred to
a. Housing effect
b. Domino effect
c. Multiplier effect of real estate
260. The amortization factor to be used in the computation of the monthly amortization for the
purchase of a house and lot shall be
a. Based on the value of the house
b. Based on the number of years and interest charges
c. Based on the interest charged
d. Based on the loan amount and interest
261. The following are determinants of value kin appraisal of realty, except:
a. Substitution
b. Demand
c. Scarcity
d. Utility
262. In order to get the amount to be financed, the computation to be used shall be
a. Total contract price minus the reservation deposit
b. Total contract price minus the downpayment
c. Total contract price multiplied by the interest rate
d. Total contract price divided by the no. of years instalment
263. It is referred to as a financing source which will be provided by the developer of the subdivision
a. Bank financing
b. Buyers financing
c. In-house financing
d. Pag-ibig financing
264. The principle holds that when two or more commodities with substantially the same utility are
available, the one with the lowest price receives the greatest demands and widest distribution
a. Principle of Contribution
b. Principle of Highest and Best Use
c. Principle of Substitution
d. Principle of Competition
265. In order to get the amount being financed or loaned by the buyer of the lot, the formula to be
used is
a. Principal amount multiplied by the amortization factor
b. Amortization factor multiplied by the total contract price
c. Monthly amortization divided by the amortization factor
d. Total contract price multiplied by the amortization factor
266. A formula that may be used to get the amortization factor in case of instalment is
a. Monthly amortization divided by the amount financed
b. No. of years payment mul;tiplied by the amount finaced
b.
c.
d.
e.
273. The constitute negligence or failure to disclose or ascertain to any person with whom person a
broker is dealing relative to the property and within his knowledge at the time of the transaction,
what matters must be broker disclose?
a. Previous owner of property or history of title
b. Fair market value of property
c. Location, topography and shape of property
d. Material fact, data or information
e. Whether property is updated in tax payments
274. Mr. Villanueva inherited a piece of land when he was still single. Then he got married on
October 1, 2000 without a marriage settlement. What is the nature of the property not that he is
married?
a. Exclusive property
b. Community property
c. Conjugal property
d. Separate property
e. Common property
275. In the phrase Save in cases of hereditary succession in Sec. 7, Art. XII (national Economy and
patrimony), Phil. Charter, what kind of transferee of private land does it refer to?
a. The national government
b. An heir under Phil. Law on succession and inheritance
c. A humanitarian institution
d. The estate of the deceased
e. A charitable, religious and education institution
276. The scope of brokerage are as follows, but not:
a. Authority to look for a property
b. Engagement to look for a buyer
c. Procurement of insurance for properties secured by real estate
d. Procurement of loans secured by real estate
e. procurement of tenants for rental properties
277. What land of the public domain is alienable and disposable?
a. Forest and timber lands
b. National packs
c. Forfeited/escheated lands
b.
c.
d.
e.
Taxation
Escheat
Expropriation
Police Power
e. Hold-over clause
294. A right given for a consideration to purchase or lease a property upon specified time.
a. Bill
b. Earnest Money
c. Plus Factor
d. Option
e. Time Frame
295. What is a prospect?
a. A person who has the capacity but without the willingness
b. A person who has the interest to buy in the future
c. A person who has the willingness but does not have the capacity
d. A person who is in need and can afford to buy
e. A person who is willing to buy but not immediately available
296. The following are the requirements for the entitlement of a commission except
a. Procurement of a ready, willing and able buyer
b. The broker must be a licensed real estate appraiser
c. Authority from the principal
d. Broker closed the sale at terms, price and conditions authorized by the principal
e. Procuring cause for the sale
297. a kind of possession of property that is actual, continuous adversarial, visible and is required as
an element of prescription
a. adverse possession
b. possession physical and public
c. adverse claim
d. possession without claim of title
e. possession in good faith
298. In his dry seal, letterhead, advertisement or announcements, the real estate broker must
indicate his
a. personal circumstances
b. email address
c. provincial address
d. fax number
e. license number
299. Which of the following lands of the public may be alienated or disposed of by the government:
a. Forest
b. National Parks
c. Timberland
d. Agricultural
e. Mineral
300. The following are lands of the public domains, except
a. Forest
b. National Parks
c. Commercial
d. Agricultural
e. Mineral
301. In case of a sale of land, the Register of Deeds will note int the original and the owners
duplicate of grantors certificate and shall be stamped as follows:
a. Transferred
b. Sold
c. Cancelled
d. Supersede by