2016 - SET B - Feb. 28, 2016 Flashcards
- The law defines the duties and responsibilities of owners/developers of condominium and subdivision projects.
a. P.D. 957
b. B.P. 220
c. R.A. 957
d. R.A. 6657
a. P.D. 957
- An Act authorizing the HLURB to establish and promulgate different levels of Standards and Technical Requirements for economic and socialized housing projects in urban and rural areas from those provided under P.D. Nos. 957, 1216, 1096 (National Building Code) and PD 1185 / RA 9514 (National Fire Code).
a. B.P. 220
b. P.D. 957
c. B.P. 202
d. None of the above.
a. B.P. 220
- Which type of subdivision project is not required to secure a license to sell from HLURB?
a. Residential
b. Memorial Parks and cemeteries
c. Commercial subdivisions
d. None of the above
d. None of the above
- It is an official public document adopted by the LGU, embodying specific proposals for guiding and regulating the spatial growth and development of a city or municipality.
a. Comprehensive Land Use Plan
b. Zoning
c. Ordinance
d. Mapping
a. Comprehensive Land Use Plan
- Mandated to review and approve the CLUP’s of component cities and municipalities to ensure compliance with national standards and guidelines.
a. HLURB
b. HDMF
c. HUDCC
d. NHA
a. HLURB
- 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. Parks and open space
b. Commercial area
c. Socialized housing
d. Economic housing
c. Socialized housing
- A house and lot was sold for P6,500,000.00 with a lot area of 1,000 sqm. The fair market value of the improvement is P2,000,000.00 and lot is P2,500,000.00. The zonal value of the lot is P5,000.00/sqm. The sale is subject to capital gains tax. What should be the tax base in computing for the capital gains tax and documentary stamp tax?
a. P8,500,000.00
b. P7,000,000.00
c. P6,500,000.00
d. P5,000,000.00
b. P7,000,000.00
- In appraisal of income generating properties and based on the principle of anticipation, the appraiser uses this approach –
a. Income approach
b. Cost approach
c. Market simulation approach
d. Market data approach
a. Income approach
- Jurisdiction for adjudication of buyers, complaints against subdivision developers is with the:
a. Housing and Urban Development and Coordinating Council
b. National Housing Authority
c. Regular Courts
d. Housing and Land Use Regulatory Board
d. Housing and Land Use Regulatory Board
- Mr. X, owner of a 10-door apartment, rented a unit to Mr. Y for a period of one year. Under the laws on lease, Mr. Y, without the consent of Mr. X, may perform any of the following acts, except:
a. Sublease the unit
b. Assign his lease rights
c. Suspend payment if Mr. X fails to make the necessary repairs
d. Demand reimbursement constituting ½ of the value of useful improvement introduced in good faith from Mr. X.
b. Assign his lease rights
- For an economic and socialized housing project, how many meters is the minimum right of way for minor road?
a. 8 meters
b. 5 meters
c. 10 meters
d. 6 meters
a. 8 meters
- An appraisal principle which holds that the value of property tends to be enhanced by association with superior properties.
a. Principle of Infiltration
b. Principle of Retrogression
c. Principle of Progression
d. None of the above.
c. Principle of Progression
- For a space to be considered a condominium unit, it must –
a. Be managed by a condominium corporation
b. Be susceptible of independent use and ownership
c. Be unencumbered by any restriction
d. Be encompassed by the interior surface of the walls, floors, ceilings, windows and door
b. Be susceptible of independent use and ownership
- In the computation of depreciation of real properties, the method that is widely used by practitioners is the –
a. Straight line method
b. Declining balance method
c. Diminishing return method
d. Sum of the years digits method
a. Straight line method
- The term of a condominium corporation is —
a. 50 years
b. 25 years
c. Co-terminus with the duration of the condominium project
d. Subject to the agreement between the condominium corporation and the unit owners
c. Co-terminus with the duration of the condominium project
- Refers to the weight-bearing walls, columns and beams, stairways, lobby, elevators —
a. Condominium Unit
b. Condominium
c. Condominium Project
d. Common Areas
d. Common Areas
- In Pag-Ibig Financing, what is the maximum number of co-borrowers in addition to the principal borrower?
a. One
b. Two
c. Three
d. Four
b. Two
- If you are a regular employee, how much will be the combined minimum monthly membership contribution which you and your employer is required to pay to Pag-Ibig Fund?
a. P100 / month
b. P150 / month
c. P200 / month
d. P250 / month
c. P200 / month
- If a new Pag-Ibig member would like to immediately borrow a housing loan, how many monthly membership contributions must have to be paid in lump sum amount?
a. 48 months
b. 36 months
c. 24 months
d. 12 months
c. 24 months
- A real estate practitioner has the obligation to inform government about deceptive, unfair and unconscionable acts of other unscrupulous practitioners as part of his duty to:
a. Abide by the rules of conduct in relation to government
b. Protect the interest of the public
c. Protect and promote the interest of his clients
d. Abide by the rules of conduct in relation to fellow practitioners
b. Protect the interest of the public
- The real estate practitioner’s duty to the public does not include –
a. Offering free consultancy services to the public
b. Ensuring the highest and best use of land
c. Not introducing in a neighborhood a use of property which will impair its value
d. Presenting a true picture of the property he advertises
a. Offering free consultancy services to the public
- Ecologist Barry Commoner in his book, Making Peace with the Planet, studied the rapid increase in the environmental pollution in the U.S. which was similarly used in the Philippines environmental assumptions are the following, except:
a. Increasing population
b. Increasing affluence
c. Increasing harmful technologies
d. Increasing political issues
d. Increasing political issues
- Food relationship among plants and animals.
a. Food chain
b. Energy flow
c. Ecological succession
d. Levels of organization
a. Food chain
- Per World Bank Report, 10M Filipinos are exposed to air pollution, with health cost and loss of income of P7.6B/annum. The 80% air pollution is contributed by this –
a. Vehicular emissions
b. Factories emissions
c. Environmental theory
d. Relativity theory
a. Vehicular emissions