2016 - SET C - Feb. 28, 2016 Flashcards by Jane & Leo Censon

Three types of Pag-Ibig Fund Housing Loan Programs are End User Home Financing, Affordable Housing loan and this program:

a. Acquired Asset Disposal Program
b. Foreclosed Property Disposal Program
c. Multipurpose loan program
d. Calamity Loan Home Financing Program

a. Acquired Asset Disposal Program

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A borrower may avail of a housing loan if he has membership contribution of how many months?

a. 24
b. 12
c. 36
d. 48

a. 24

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The maximum number of qualified Pag-Ibig members that can be tacked into a single loan, is –

a. Two (2)
b. Three (3)
c. Four (4)
d. Five (5)

b. Three (3)

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The scientific study of the distribution and abundance of life and the interactions between organisms and their environment.

a. Environmental study
b. Ecology
c. Ecosystem
d. Environmentalism

b. Ecology

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The word “Ecology” is often used more loosely in such terms in common parlance as a synonym for the word –

a. Natural environment
b. Ecological balance
c. Green technology
d. Ecosystem

a. Natural environment

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Who among the ff. can be considered as a co-borrower:

a. Brother
b. Sister
c. Fiancée
d. All of the above

d. All of the above

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Pag-IBIG Fund Circular 310 is also known as –

a. End User Home Financing Program
b. End User Housing Financing Program
c. Individual Home Financing Program
d. Affordable Housing Loan Program
e. None of the above

a. End User Home Financing Program

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Age of the borrower should not be more than ______ years old at the date of loan Application, still insurable and is not more than 70 years old at the date of loan maturity.

a. 55 years old
b. 60 years old
c. 65 years old
d. None of the above

c. 65 years old

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It refers to the non-living elements and physical components of the environment.

a. Inert elements
b. Biotic
c. Abiotic
d. Non-living elements

c. Abiotic

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The government agency tasked to protect the environment and natural resources of the country.

a. Department of Environment
b. Department of Environment and National Resources
c. Department of Ecology
d. Department of Environment and Natural Resources

d. Department of Environment and Natural Resources

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Maximum lot area the Pag-IBIG Fund may finance for the purchase of fully developed housing lot.

a. 500 sqm.
b. 750 sqm.
c. 1000 sqm.
d. None of the above

c. 1000 sqm.

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Default is failure of the borrower to pay______ consecutive months of amortization and contribution.

a. 3 (three)
b. 4 ( four)
c. 5 (five)
d. 2 ( two)

a. 3 (three)

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The biological environment consisting of all organisms living in a particular area as well as all the non-living physical components of the environment.

a. Environment
b. Ecosystem
c. Environmental system
d. Bio-eco system

b. Ecosystem

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An ECC shall contain specific measures and conditions that the project proponent has to undertake before and during the operation of a project, and in some cases, during the project’s —

a. Planning stage
b. Review stage
c. Abandonment stage
d. Operating stage

c. Abandonment stage

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The certificate issued by the DENR to a vehicle manufacturer certifying that a new vehicle meets the requirements under the law.

a. Certificate of Compliance
b. Certificate of Passing
c. Certificate of Conformity
d. Vehicle Clearance Certificate

c. Certificate of Conformity

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The most problematic sources of pollution are air, water and this –

a. Noise
b. Solid waste
c. Littering
d. Human fluids

b. Solid waste

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Pag-IBIG Fund Circular 312 is also known as

a. Enhanced End User Home Financing Program
b. Affordable Housing Loan Program
c. Multipurpose loan program
d. Enhanced End User Housing Financing Program

b. Affordable Housing Loan Program

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Maximum loanable amount under Pag-IBIG Fund’s Circular 310 guidelines is –
a. 3.00 Million
b. 4.00 Million
c. 5.00 Million
d. 6.00 Million

d. 6.00 Million

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The maximum loanable amount of a Housing loan borrower shall be based on the ____________ of the following: Actual need, Capacity to Pay and Loan to Appraisal Value Ratio

a. Lowest
b. Highest
c. Median
d. None of the above

a. Lowest

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It means any matter found in the atmosphere other than oxygen, nitrogen, water vapor, carbon dioxide and the inert gases in their natural or normal concentrations, that is detrimental to health.

a. Atmosphere wastes
b. Air waste
c. Air pollutant
d. Contaminated air

c. Air pollutant

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The process that involves predicting and evaluating the likely impact of a project.

a. Impact study
b. Environmental study
c. Environmental impact assessment
d. Environmental evaluation assessment

c. Environmental impact assessment

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For Affordable Housing Loan Program, the gross monthly income requirement for a 4.5% interest rate and loanable amount of maximum of P450, 000.00 within NCR is –

a. Not more than P 12,000.00
b. Not more than P 15, 000.00
c. Not more than P 14,000.00
d. Not more than P 17,500.00

b. Not more than P 15, 000.00

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Fees to be collected for retail accounts upon filing are _______________ Processing Fee and a ___________ processing fee Balance shall be deducted from the Loan Proceeds.

a. P 3,000/P 2,000
b. P 2,000/P 4,000
c. P 1,000/ P 2,000
d. P 2,000/ P 5,000

a. P 3,000/P 2,000

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The rate Mortgage Redemption Insurance (MRI) per 1000 is:

a. .25
b. .23
c. .41
d. .42

b. .23

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25. In the hierarchy of solid waste management, the following is the last method considered: a. Solid waste reduction b. Treatment c. Collection d. Disposal

d. Disposal

26. It is the controlled decomposition of organic matter by micro-organisms, mainly bacteria and fungi, into a humus-like product. a. Decomposition b. Organic breakdown c. Composting d. Decay process

c. Composting

27. The waste materials which cannot be appropriately placed in separate containers because of either its size, shape or other physical attributes. a. Bulky wastes b. Huge wastes c. Unrecyclable wastes d. Non-disposable wastes

a. Bulky wastes

28. For Affordable Housing Loan Program the Gross Monthly Income (GMI) requirement for a 4.5% interest rate & loanable amount of up to P450, 000.00 outside NCR is -- a. Not more than P 12,000.00 b. Not more than P 15, 000.00 c. Not more than P 14,000.00 d. Not more than P 17,500.00

a. Not more than P 12,000.00

29. Pag-IBIG Fund maximum loan term is : a. 20 years b. 25 years c. 30 years d. None of the above

c. 30 years

30. A property is consider eligible for take-out if with complete land development and the unit must be: a. Secured b. Livable c. Secured and livable d. complete

c. Secured and livable

31. Loan entitlement based on contribution for a P200 membership contribution is up to -- a. P 500,000.00 b. P 600,000.00 c. P 700,000.00 d. P 800,000.00

a. P 500,000.00

32. Gases that can potentially or can reasonably be expected to induce global warming, which include carbon dioxide, oxides of nitrogen, chloroflourocarbons and the like. a. Pollutant gases b. Environmentally harmful gases c. Greenhouse effect d. Greenhouse gases

d. Greenhouse gases

33. Materials generated as a result of patient diagnosis, treatment or immunization of human beings or animals. a. Living wastes b. Medical wastes c. Hospital wastes d. Pathological wastes

b. Medical wastes

34. The substances that significantly deplete or otherwise modify the ozone layer in a manner that is likely to result in adverse effects of human health and the environment. a. Greenhouse gases b. Atmospheric pollutants c. Ozone depleting substances d. Ozone layer pollutants

c. Ozone depleting substances

35. Under affordable housing loan program, Loan to Value Ratio of loans up to P750,000.00 and interest rate of 6.5% per annum is: a. 90% b. 80% c. 100% d. 70%

a. 90%

36. Co- borrowers are also covered by : a. Mortgage Redemption Insurance b. Life Insurance c. Fire Insurance d. Allied Perils Insurance

a. Mortgage Redemption Insurance

37. For loans up to this amount, 35% of your Gross Monthly Income is consider in computing the capacity to pay a. P 1,250, 000.00 b. P 750,000.00 c. P 450,000.00 d. P 3,000,000.00

a. P 1,250, 000.00

38. All housing loan accounts (house/improvement) taken out by Pag-IBIG Fund are covered by: a. Fire and Mortgage Insurance b. Mortgage and Allied Perils Insurance c. Mortgage Redemption Insurance d. Fire and Allied Perils Insurance

d. Fire and Allied Perils Insurance

39. It is defined as the burning of municipal, biomedical and hazardous waste, which process emits poisonous and toxic fumes. a. Open pit burning b. Cremation c. Incineration d. Uncontrolled burning

c. Incineration

40. The major regional groupings of plants and animals discernible at a global scale, composed not only of the climax vegetation, but also of associated successional communities, persistent sub-climax communities, fauna and soil. a. Biomes b. Bio environment c. Ecological environment d. Biotic environment

d. Biotic environment

41. Processing time for the 1st Stage (loan approval) is ____ working days and for the 2nd Stage (loan take out) is ____ working days. a. 17/10 b. 10/10 c. 20/10 d. 10/15

a. 17/10

42. To effectively regulate and monitor activities in the Laguna De Bay region, this agency shall have exclusive jurisdiction to issue permit for the use of all surface water for any projects or activities in or affecting the said region. a. Dept. of Environment and Natural Resources b. Metro Manila Development Authority c. Laguna Lake Development Authority d. Philippine Reclamation Authority

c. Laguna Lake Development Authority

43. No Person, natural or juridical, government office/agency, or public corporation shall undertake a subdivision development within the Laguna De Bay region without first securing clearance from the – a. Local government unit concerned b. Bureau of Fisheries c. Laguna Lake Development Authority d. HLURB

c. Laguna Lake Development Authority

44. Refers to any solid, semi-solid or liquid waste or residue generated from a wastewater treatment plant or water control pollution facility, or any other such waste having similar characteristics and effects. a. Sludge b. Sewage c. Wastewater d. Septage

a. Sludge

45. Property with lot area less than ____ sq.m is not acceptable as collateral with Pag-IBIG Fund. a. 18 b. 22 c. 24 d. 28

d. 28

46. Condominium unit with floor are less than _____ sq.m. is not acceptable as collateral with Pag-IBIG Fund. a. 18 b. 22 c. 24 d. 28

a. 18

47. Pag-IBIG Fund only finance properties under this classification. a. Residential b. Commercial c. Riceland d. Agricultural

a. Residential

48. Pag-IBIG Fund’s applicable discount for cash mode of payment is: a. 30% b. 25% c. 20% d. 10%

a. 30%

49. The solid waste container depending on its use shall be properly marked and for non-biodegradable wastes, the color code is -- a. Blue b. Yellow c. Black d. Green

c. Black

50. An identifiable source of pollution with specific point of discharge into a particular water body. a. Non-point source b. Point source c. Waste source d. Leakage source

b. Point source

51. The largest source of water pollution comes from – a. Domestic sources b. Livestock c. Industrial wastes d. Water run-offs

a. Domestic sources

52. Under the Clean Water Act, it is defined as water intended for human consumption or for use in food preparation. a. Purified water b. Mineral water c. Processed water d. Drinking water

d. Drinking water

53. Pag-IBIG Fund’s applicable discount for Housing loan mode of payment is: a. 30% b. 25% c. 20% d. 10%

d. 10%

54. Computation for penalty on delayed payments is a. 1/20 of 1% of amount due b. 1/30 of 1% of amount due c. 1/20 of 2% of amount due d. 1/30 of 2% of amount due

a. 1/20 of 1% of amount due

55. An account is considered in default if a borrower fails to pay in ____ consecutive monthly amortizations: a. Two (2) b. Three (3) c. Four (4) d. Five (5)

b. Three (3)

56. Several people are involved in most real estate transactions. The duty of loyalty requires you, as the broker, to put their interest in what order of priority? a. Yourself, customer, client b. Yourself, client, customer c. Client, customer, yourself d. Client, yourself, customer

c. Client, customer, yourself

57. Your seller client needs to sell his property quickly because he is going abroad. He ask you to keep this information confidential. What should you do? a. You tell the buyers this so the house will sell fast b. You keep this information confidential c. You tell the buyers only if they ask d. You reveal this information only to cash buyers

b. You keep this information confidential

58. With regards to the relation with a client or customer, the practitioner, in accepting an appointment or authority to act on behalf of the client, can perform such, except – a. Acquire an interest or buy himself or members of his family within the 4th civil degree b. Endeavor to make buyer and seller conclude a fair contract advantageous to both parties c. Assist his client acquire possession and ownership of the property bought in accordance with the terms and conditions agreed upon d. Should not accept any commission or fee from any party in any transaction except from his client

a. Acquire an interest or buy himself or members of his family within the 4th civil degree

59. How would you best describe a professional real estate service practitioner’s responsibility to one’s client? a. Pay all the necessary fees and taxes b. Practicing the National Code of Ethics and Standards c. Participating in social and civic works d. None of the above.

b. Practicing the National Code of Ethics and Standards

60. Tommy takes the following steps as a licensed real estate broker. Which of these actions can be considered unethical? a. He accepted an exclusive listing for an abandoned house and lot even with his knowledge that somebody died violently in the property. b. He proceeds to entertain prospective buyer all the while disclosing to them the crime committed inside the property c. He advertised the listing giving the exact address for an open house on one weekend. d. He invites his friends to attend the open house hoping that real buyers will feel that there are many others interested in the property

d. He invites his friends to attend the open house hoping that real buyers will feel that there are many others interested in the property

61. A certificate issued to which the proponent conforms with by signing the sworn undertaking of full responsibility over implementation of specific measures which are necessary to comply with existing environmental regulations. a. Environmental Compliance Conformity b. Environmental Compliance Certificate c. Affidavit of Compliance d. Affidavit of Environmental measures

b. Environmental Compliance Certificate

62. The law that governs the protection of the environment, particularly covering the pollution control of the atmosphere in the country. a. The Philippine Clean Air Act of 1999 b. The Philippine Atmosphere Regulation Act c. The Philippine Clean Atmosphere Act of 1999 d. The Philippine Air and Atmosphere Clean Act

a. The Philippine Clean Air Act of 1999

63. A general area declared through Proclamation 2146 as environmentally sensitive such that significant environmental impacts are expected if certain types / thresholds of proposed projects are located, developed or implemented in it. a. Critical Area for Development b. Environmentally critical location c. Environmentally critical area d. Environmentally sensitive area

c. Environmentally critical area

64. The general amount of pollution present in a broad area and refers to the atmosphere’s average purity. a. Ambient air quality b. Atmospheric air quality c. Air pollution quality d. Atmospheric air purity

a. Ambient air quality

65. If the broker, while acting as an agent in a sale of real property, misrepresents the principal’s property to a buyer, the broker may cause the principal to be subjected to --- a. Rescission of the sale by the buyer b. A court action for damages by the buyer c. Tort liability d. All of the above

d. All of the above

66. Owner lists his house for sale at P500,000.00. Prospective buyer offers to buy at P400,000.00. Owner counter-offers with P480,000.00. Prospective buyer offers again P410,000.00. Owner gets mad and raises his counter-offer back to P500,000.00. Can he do this? a. Yes b. No c. Yes but only if he counter-offers within 24 hours d. Yes but only if his broker agrees

a. Yes

67. The following are tricks employed by unethical real estate brokers when bringing customers to view their listings. Which one is not unethical? a. Using a roundabout route to avoid eyesores near the neighborhood. b. Employing a cleaning company to freshen the smell of the house interiors c. Forecasting changes from residential to commercial zoning to hint at high rates of value appreciation d. Showing another inferior property to position his listing as a better alternative

b. Employing a cleaning company to freshen the smell of the house interiors

68. The geographic based instrument for planners and decision makers which present an evaluation of the environment quality and carrying capacity of an area. a. Eco-evaluation Report b. Eco-profile c. Eco-based profile d. Eco-quality profile

b. Eco-profile

69. Called the traditional small scale method of community/neighborhood sanitation. a. Siga b. Sunog c. Pagwawali d. Tambak

a. Siga

70. Material wastes generated from planting or harvesting of crops, trimming or pruning of plants and wastes. a. Plant wastes b. Garden wastes c. Agricultural wastes d. Green wastes

c. Agricultural wastes

71. The Declaration of Principle of the Code of Ethics for Realty Service Practitioners clearly states the Golden Rule which says – a. Treat others as you wanted them to be treated b. Do not do unto others what you want others do unto you c. Do unto others what you do not want others do unto you d. Treat others as you like them to treat you

d. Treat others as you like them to treat you

72. After a sale is consummated, the broker should do the following, except – a. Accept commission from both buyer and seller without the knowledge of either of the parties b. Should assist the buyer to acquire possession and ownership of the real property bought c. Should see to it that both buyer and seller conclude a fair contract advantageous to both d. In case of court proceedings and called upon to act as a witness, should give testimonies in the most unbiased, honest, truthful and professional manner.

a. Accept commission from both buyer and seller without the knowledge of either of the parties

73. The following is not considered as part of the solid waste reduction and avoidance scheme. a. Composting b. Re-use c. Recycling d. Treatment

d. Treatment

74. The real estate practitioner, in relation to the government, is expected to perform as such, except: a. Secure all the necessary licenses, permits and authority b. Pay any and all taxes, fees, dues, levies or charges c. Encourage, tolerate or participate in the aversion or illegal reduction in the payment of taxes , fees, dues, levies or charges d. Should not offer or agree to pay, split or rebate any commission or fee

c. Encourage, tolerate or participate in the aversion or illegal reduction in the payment of taxes , fees, dues, levies or charges

75. A disposal area wherein the solid wastes are indiscriminately thrown or disposed of without due planning and consideration for environmental and health standards. a. Garbage dump b. Sanitary landfill c. Open dump d. Neighborhood dump

c. Open dump

76. It is the liquid produced when waste undergo decomposition and when water percolate through solid waste undergoing decomposition. a. Sludge b. Leachate c. Leakage d. Contaminated liquid

b. Leachate

77. A disposal site at which solid waste is deposited in accordance with the minimum prescribed standards of site operation. a. Sanitary landfill b. Open dump c. Controlled dump d. Open landfill

c. Controlled dump

78. Which of the following newspaper line ads is blatantly unethical? a. House on a very quiet neighborhood b. Flood-free subdivision c. The value of the property will double in a year’s time d. Beautiful view

c. The value of the property will double in a year’s time

79. Real estate practitioners shall be governed by the following rules of conduct and practice, except – a. Relation to family b. Relation to government c. Relation to fellow practitioners d. Relation to the public

a. Relation to family

80. A broker has just received from a fellow broker’s customer/buyer a written offer to purchase a property of his client/seller, together with a check for earnest payment. Which of the following step is the most proper and ethical for him to take? a. Call another fellow broker whose client is also interested in the property in the hope that they can top the offer b. Show the offer to another prospective buyer in the hope of getting a better price for the seller c. Call the seller immediately to inform him about the offer and the earnest money payment d. Receive the offer and earnest money but not informing the seller and just wait for a higher offer

c. Call the seller immediately to inform him about the offer and the earnest money payment

81. The PRC-PRBRES shall adopt a ______________ to be strictly observed by all licensed real estate service practitioners. a. Continuing Professional Education Council b. National Code of Ethics and Responsibilities c. Association of Integrated Professional Organizations d. National Professional Real Estate Board

b. National Code of Ethics and Responsibilities

82. A solid waste transfer station or sorting station, drop-off center, a composting facility and a recycling facility. a. Junk shop b. Materials recovery facility c. Materials waste station d. Solid waste dumping facility

b. Materials recovery facility

83. Considered as wastes such as paints, thinners, household batteries, lead acid batteries, spray canisters and the like. a. Hazardous wastes b. Air pollutants c. Special wastes d. Contaminant wastes

c. Special wastes

84. Which one of the following acts of a broker can be considered within the bounds of the Code of Ethics? a. Encourage parties to a sale to indicate a consideration lower than the actual selling price b. Serving as a witness in court proceedings involving a property owned by his client c. Disclosing his client’s confidential personal information to a fellow broker in order to facilitate the sale of his client’s property d. Delaying submission of a formal offer that he has received from a prospective buyer in the hope of securing a higher offer

b. Serving as a witness in court proceedings involving a property owned by his client

85. It is the subsurface water that occurs beneath a water table in soils and rocks or in geological formations. a. Surface water b. Atmospheric water c. Groundwater d. Water table

c. Groundwater

86. No cutting, destroying or injuring of planted or growing trees, flowering plants and shrubs or plants of scenic value along public roads, in parks, school premises or in any other public ground shall be permitted, except – a. When the tree is less than 10 years old b. Necessary for public safety c. Located in public road d. Planted in the public plaza parks

b. Necessary for public safety

87. Three of the following four enumerated acts of a broker are considered unethical. Which is not? a. Encouraging the parties to a sale to indicate a consideration lower than the actual selling price b. Keeping a special bank account, separate and distinct from his own funds for all monies received in trust for other persons such as client’s money c. Delaying submission of a formal offer that he received from a buyer hoping to get a higher offer d. Disclosing his client’s personal information to a fellow broker to facilitate the sale of his client’s property

b. Keeping a special bank account, separate and distinct from his own funds for all monies received in trust for other persons such as client’s money

88. It is the primary government agency that formulated and implements policies, plans and programs for the recognition, promotion and protection of the rights and well-being of indigenous peoples with due regard to their ancestral domains and lands, self governance, human rights and cultural integrity. a. National Indigenous People Agency b. National Commission on Indigenous Peoples c. National Ancestral Lands Commission d. Commission on Indigenous Cultural Communities

b. National Commission on Indigenous Peoples

89. With respect to a condominium project, which of these statements is TRUE : a. Title of the land is replaced by new titles of the condo units b. Title of the land is annotated with a Master Deed c. The titles of condominium units are always attached to the title of the land d. None of the above

b. Title of the land is annotated with a Master Deed

90. If CCT’s are being issued for the first time in a condominium project, the following is not one of the requirements – a. Master Deed b. License To Sell c. Certificate of Management d.HLURB Registration Cert.

c. Certificate of Management

91. Title to condominium units is vested in – a. Corporation owning the building b. Condominium corporation c. Owner of the condominium unit d. Landowner of the condominium project

c. Owner of the condominium unit

92. The Master Deed and the Deed of Restrictions to be valid must first be approved by – a. Registry of Deeds b. DENR c. HLURB d. Condominium Corporation

c. HLURB

93. The Condominium Act is – a. R.A. 4727 b. R.A. 4276 c. R.A. 2774 d. R.A. 4726

d. R.A. 4726

94. Which of the following cannot be issued condominium certificates of title? a. One level row houses b. Townhouses c. Industrial warehouses d. Subdivision lots

d. Subdivision lots

95. The required number of votes of registered owners to authorize a condominium corporation to sell or otherwise dispose of the common areas in a condominium project is – a. Two thirds b. Unanimous c. Three-fourths d. Simple majority

d. Simple majority

96. 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 with the condominium developer

c. Co-terminus with the duration of the condominium project

97. In a condominium project, the distribution of shareholdings shall be based on – a. One share per unit b. No. of bedrooms c. Proportionate to floor area d. Value of the condominium unit

c. Proportionate to floor area

98. Enumerated are the advantages of Condominium Concept. Which does not belong? a. Enhances affordability b. With TCT as proof of ownership c. Easy to maintain d. Economy in land space

b. With TCT as proof of ownership

99. With respect to fellow practitioners, a broker who does this might still violate the code – a. Apply for accreditation with a property owner who is known to give open listings b. Puts up a sign on the property for sale with other brokers so long as authorized by owner c. Passes on to a third party the listing extended by an original broker after obtaining consent d. Does not seek an unfair advantage over fellow practitioners

b. Puts up a sign on the property for sale with other brokers so long as authorized by owner

100. Broker A and Broker B meet to discuss a listing that both of them are working on. They discuss the commission that they will share. Which of the following is true? a. They have violated RESA Law on price fixing b. They have violated their organization’s multiple listing system rules c. They are not authorized to discuss and agree on the commission rates d. They have not violated the RESA Law

d. They have not violated the RESA Law