2016 - Special & Technical Knowledge (173 Pts) Flashcards by Jane & Leo Censon

Area required to be reserved for roads, alleys and open spaces in a subdivision development with an area of one (1) hectare or more?

a. Twenty percent (20%) of the gross area
b. Twenty-five percent (25%) of the gross area
c. Thirty percent (30%) of the gross area
d. Thirty-five percent (35%) of the gross area

c. Thirty percent (30%) of the gross area

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The law that defined subdivision and all the regulations of subdivision development is?
a. PD 954
b. PD 956
c. PD 957
d. PD 968

c. PD 957

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HLURB Resolution No. 725 dated June 19, 2002 had change the validity of development permit from?

a. 2 years to 4 years
b. 1 year to 3 years
c. 2 years to 3 years
d. 1 year to 2 years

c. 2 years to 3 years

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It is an agreement wherein seller promises to sell his property upon fulfilment by buyer of stipulated conditions?

a. Memorandum of Agreement
b. Contract of Sale
c. Contract to Sell
d. Seller’s Contract

c. Contract to Sell

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A borrower is?
a. Mortgagor
b. Guarantor
c. Lender
d. Funder

a. Mortgagor

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The difference between contract price and loanable amount is?

a. Amortization
b.Buyer’s Equity
c. Balloon Payment
d. Acceleration Clause

b.Buyer’s Equity

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A contract of sale whereby part of the purchase price is paid upon execution of the contract and the balance to be paid with a stipulated period and the property is mortgaged back to the vendee to secure the payment of the balance?

a. Deed of sale with usufruct
b. Deed of sale with assumption of mortgage
c. Deed of sale with warranty of payment of balance
d.Deed of sale with mortgage

d.Deed of sale with mortgage

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A sale cannot be extinguished by?

a. Transfer of residence of principal or agent
b. Expiration of the authority
c. Revocation by the principal of the agency
d.Death/Insanity civil interdiction or insolvency of principal or agent

d.Death/Insanity civil interdiction or insolvency of principal or agent.

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Refers to a stock corporation established under the Corporation Code and principally organized for the purpose of owning income generating real estate properties?

a. Real Estate Investment Trust
b. Real Property Investment Trust
c. Real Estate Trust
d. Real Estate Investment Corporation

a. Real Estate Investment Trust

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Under RA 9856, it refers to the professional administrator of the real properties engaged by the REIT which provides property management services, lease management services, marketing services, project management services including rent collection?

a.Fund Manager
b.REIT Administrator
c.Property Manager
d.Property Administrator

c.Property Manager

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A REIT which owns land can only have foreign ownership up to?

a.40%
b.45%
c. 50%
d.35%

a.40%

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Under RA 9856 a REIT should be a public company and to be considered as such, it must have at least how many public shareholders?

a. 500
b. 1,500
c. 1,000
d. 1,200

c. 1,000

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When the property is subjected to rent control law, the Lessor can eject the lessee when there is need of the owner or his immediate family member to use the premises for residential purposes, on the following conditions, except?

a. Lease has expired
b.Three months advance noticed is given to the lessee
c. The owner or immediate family member has no other dwelling
d.The Lessor or immediate family member will live in the premises for at least one year

c. The owner or immediate family member has no other dwelling

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Refers to a fixed object or as reference point established and set by a Geodetic Engineer to identify the land boundaries?

a. Cylindrical concrete monument
b. Boundary mark
c. Concrete monument
d. Concrete Post

a. Cylindrical concrete monument

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A professional person who determines the shape, contour and measurement of a lot?

a. Architect
b. Consultant
c. Broker
d.Geodetic Engineer

d.Geodetic Engineer

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It is a written authorization or permit to develop or construct in certain areas or any parcel of land/lot based on approved plan or zoning ordinance or in the absence of any zoning ordinance, the granting of the permit shall be based on HLURB planning standards and guideline?

a. Project clearance
b. Locational clearance
c. Development clearance
d. HLURB clearance

b. Locational clearance

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Validity of development permit issued by the LGU for a subdivision project is?

a. 3 years
b. 2 years
c. 1 year
d. 5 years

a. 3 years

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The following are included in the exemptions allowed for participants of a socialized housing program, except?

a. E-vat on contractor, donor tax for donated land if any
b. Capital gain tax on sale of raw land
c. Project income tax
d. Transfer tax on sale of raw land and houses

c. Project income tax

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A Land valuation guideline for socialized housing is set by?

a. HUDCC
b. Provincial/City Assessor
c. Department of Finance
d. NHA

c. Department of Finance

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Unless extended for a justifiable cause, the completion period for the development of a subdivision project, counted from issuance of a license to sell is?

a. 24 months
b. 18 months
c. 12 months
d. 6 months

c. 12 months

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What is the effect/consequence if a beneficiary of the socialized housing program unlawfully sells, transfer or dispose his lot or right there on?

a. Sale or transfer shall be acceptable
b. Beneficiary maintains his total amortization
c. Beneficiary keeps his right to the land
d.Beneficiary shall be barred from the benefits of socialized housing for 10 years

d.Beneficiary shall be barred from the benefits of socialized housing for 10 years

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A provision which provides that a unit to be sold should 1st be offered to the existing unit owners is?

a. Right of 1st refusal
b. 1st Right to offer
c. Refusal on right to offer
d. 1st Right to refuse

a. Right of 1st refusal

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The ashes resulting from the cremation of a dead body?

a. Ash remains
b. Remains
c. Cremains
d. Urn

c. Cremains

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Title to a condominium unit is vested to?

a. Lot owner of condominium project b.Owner of the condominium unit
c. Corporation owning the building
d. Homeowner association of the building

b.Owner of the condominium unit

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025. The life term of a condominium corporation is? a.Fifty (50) years b.Agreement between condo corporation and unit owner c.Co-terminus with the duration of the condominium project d.None of the above

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

026. This action may be removed by a Deed of Quitclaim or court action. a. Adverse claim b.Cloud on title c. Homestead d. Patency law

b.Cloud on title

027. Refers to an act in which an individual: a) appears in person before the notary public and presents an instrument/document; b) identified by the notary public through competent evidence of identity as defined by rules; c) sign the instrument/document in the presence of the notary public; d) takes an oath or affirmation before the notary public as to such instrument/document? a. Acknowledgement b. Evidence c. Jurat d. Acceptance

a. Acknowledgement

028. Refers to a document that provides regulations & rights of a condominium unit owner a. Declaration of restriction b. Deed of ownership c. Master list d. Master restriction

a. Declaration of restriction

029. A legal document executed by a lot owner and developer which may convert the property into a condominium project and register the same with the Register of Deeds is known as? a. Transfer Certificate of Title b. Master Deed c. Condominium Certificate of Title d. Deed of Sale

b. Master Deed

030. Refers to as condominium Act? a. R.A. 4726 b. R.A. 6657 c. R.A. 6552 d. R.A. 7279

a. R.A. 4726

031. The law that requires a form of a public instrument should be duly notarized to be registered. a. PD 957 b.PD 1529 c. PD 668 d. PD 947

b. PD 1529

032. Under RA 8791, the maximum redemption period after extrajudicial foreclosure of a mortgage executed by a corporation in favor of the bank is? a. 3 months b. 6 months c. 9 months d. 12 months

a. 3 months

033. The following instances make an offer becomes ineffective, except? a. Death, civil interdiction b. Insanity c. Insolvency of either party d. Illness

d. Illness

034. Registration of this instrument can be given in due course without the presentation of the owner’s duplicate Certificate of Title when the documents is? a. Writ of attachment b. Notice of Adverse Claim c. Notice of Lis Pendens d.All of the above

d.All of the above

035. Refers to a provision of an obligation pertaining to a Borrower’s rights to redeem his property upon full payment of his obligation? a.Promissory bank notes b.Blanket mortgage c.Open mortgage d.Defeasance clause

d.Defeasance clause

036. It is a hold of one’s property by another as a security for loan, before a court decision and others? a. Lien b. TRO c. Annotation d. Lis pendens

a. Lien

037. It is the right of lessee/tenant to buy the land he is leasing provided, that the tenant is a legitimate tenant for at least 10 years; the land is located in an urban land reform zone; the landowner is selling his land? a. Patent law b. Homestead c. Tenant’s right of first refusal d. Tenancy law

c. Tenant’s right of first refusal

038. Ms. Jeanette Tolosa, owner of a 10-door apartment rented a unit to Pristine Belandres for payment for one year. Under the law on a lease, Pristine without the consent of Jeanette, may perform any of the following acts, except? a. Demand payment reimbursement constituting one-half the value of the useful improvement introduces in good faith b. Sublease the unit c. Assign her rights d. Suspend payment if Jane fails to make the necessary repairs

c. Assign her rights

039. It is a legal principle that if at the end of the lease period the lessee continues to occupancy with the acquiescence of the lessor and without notice to vacate, it is understood that there is an implied new lease? a. Pactum de non aliendo b. Pactum commissorium c. Tacita reconducta d. Pacto de retro

c. Tacita reconducta

040. An agreement where the consideration of the contract is deposited with a third party who is authorized to release said consideration to the seller after the latter has complied with a certain condition is? a. Option b. Escrow c. Contract to Sell d. Hold-over-clause

b. Escrow

041. A contract where real estate is hypothecated to secure an obligation where the creditor is given the right to possess the property and collect the fruits thereof is known as? a. Equitable mortgage b. Real estate mortgage c. Antichresis d. Blanket mortgage

c. Antichresis

042. Special power of attorney executed abroad must be authenticated by any of the following, except? a.OWWA b. Secretary of Legation c. Consul, Vice Consul or Consular agent d. Philippine Ambassador

a.OWWA

043. Which of the following is not included in the contents of a Master deed? a. Description of land and survey plan; deed of restriction b.Description of buildings with technical plans common areas & facilities c. Registered owner’s consent on the registration of deed d.Provision for insurance coverage

d.Provision for insurance coverage

044. Which of the following is not included in a deed of registration? a. Project’s management body/condominium corporation; insurance coverage; provision for assessment and fees: realty taxes and assessment on units and common areas b. Description of building’s technical plan c. Procedures and guidelines on maintenance of units and common areas; rights of assignees, mortgages tenants and occupants of the units d. Rules and restriction on occupancy and usage of units & common areas; penalty provision; procedures in amending restrictions

d. Rules and restriction on occupancy and usage of units & common areas; penalty provision; procedures in amending restrictions

045. The mortgage of the owner after borrowing from a lending investor will have to be registered with? a. Bangko Sentral b.Court’sSherifff’s Office c. Registrer of Deeds d. Department of Finance

c. Registrer of Deeds

046. A contract whereby real property is given as collateral to secure the performance or fulfilment of a principal obligation? a. Chattel mortgage b. Collateral mortgage c. Promissory note d.Real estate mortgage

d.Real estate mortgage

047. Evidence of ownership of a condominium unit? a. TCT b. CCT c. PH d. CB

b. CCT

048. Which of the following is not included in the Master Deed provisions as to sharing schemes of common areas? a. Equal sharing b. Sharing based on area c. Sharing based on value d. Sharing based on the simple majority vote

d. Sharing based on the simple majority vote

049. In a contract of sale of a 3 storey building, the essential elements are cause, object being sold and? a. Consent b.Consideration for the property c. Execution of the contract d. Capacity of the buyer

a. Consent

050. Unless otherwise resolved, the life of a condominium corporation shall be co-terminus with the existence of the? a. Condominium project b. Building c. Common areas d. Individual area

a. Condominium project

051. In case of conflict between the articles of incorporation and by-laws of the condominium corporation and the Master of Deed, which one will prevail? a. Master deeds b. By-laws c. Articles of incorporation d. Articles of Incorporation & by-laws

a. Master deeds

052. As a rule, Mr. and Appraiser Grapa cannot sell the property to each other, except when there is? a. Written agreement between the spouses b. Prenuptial agreement c. Property relations of absolute community d. Judicial separation of property

d. Judicial separation of property

053. Which of the following persons cannot acquire by purchasing the property because of a fiduciary relationship? a. purchase by the husband under separation of property b. Purchase by the aunt of the property of the minor c. An agent under whose administration the property is entrusted d. An assessor who will buy his neighbours property

c. An agent under whose administration the property is entrusted

054. A lot was bought by Ms. Alonah Denamarca and in the documents, it was indicated that the sales price of the transaction is ₱ 3.0M for 2,500 sq. m. but turned out to be 2,000 sq. m. only. What is the right of Alonah? a. Right to cancel the contract b. No right to a reduction in price c. Right to refund of excess d. No right to rescind the contract

b. No right to a reduction in price

055. A petition may be filed by one or more unit owners of a condominium project when damage to the project has rendered one-half or more units untenantable and unit owners holding more than __ percent interests in the common areas are opposed to repair or restoration of the project? a. 50% b. 40% c. 30% d. 20%

c. 30%

056. The most important difference between a contract to sell and a contract of sale is that in a contract of sale, there is? a. Transfer of ownership b. Payment of the price in full c. Notarization of the contract of sale d. Execution of the contract

a. Transfer of ownership

057. The following are the effects of the involuntary dissolution of a condominium corporation, except? a. Common area held by the corporation shall be transferred pro-indiviso and in proportion to the respective interest of the members of the corporation b. The transfer shall be deemed full liquidation of the interest of the members in the corporation c. Common area held by the corporation shall be transferred in proportion to the respective interest of the members of the corporation d. The transfer shall be deemed partial liquidation of the interest of the members in the corporation.

d. The transfer shall be deemed partial liquidation of the interest of the members in the corporation.

058. An amount collected by the developer of a columbarium project for the maintenance and upkeep of the project separate from the contract price is? a. Columbarium association dues b. Value added tax c. Perpetual care fund d. Maintenance fund

c. Perpetual care fund

059. Mr. Christian Denamarca purchased a house and lot and in the contract of sale, he has the obligation to? a. Pay for notarial fees b. Accept delivery of the house c. Transfer the title to his name d. Transfer the ownership

b. Accept delivery of the house

060. Mr. Jeno Tolosa entered into a pacto de retro sale which was actually a mortgage since he just needed to borrow money and he continued to live in the house. In such case, it may be considered as? a. Equitable mortgage b. Conditional sale c. Contract to sale d. Voluntary mortgage

a. Equitable mortgage

061. Which of the following sale on financing is covered by Maceda law? a. Industrial lots b. Commercial lot c. Residential lot d. Sales to tenants under R.A. 3844

c. Residential lot

062. In case a buyer under Maceda law failed to pay her monthly installments after paying 20 months of installments, her right shall be? a.Grace period of 30 days to pay b.Grace period of 1 month to pay c.Refund of 50% of payments made d.60 days grace period to pay

d. 60 days grace period to pay

063. A bungalow was bought by Nurse Jenine last week. After which, the same was sold to Nurse Chrisa, who did not know that it was already sold. Who has a better right to the property? a. The first one to register with the registry of deeds b. The first one to occupy the house c. The first one to have the deed of sale notarized d. The first one to transfer the tax declaration in his name

a. The first one to register with the registry of deeds

064. Under the Realty Installment Buyer’s Act, the buyer of the lot will be entitled to how many percent additional per year after 5 years of payment? a. 10% b. 20% c. 5% d. 15%

c. 5%

065. A survey in which photographs are used to determine the configuration of land and determine man-made and natural features? a. Mining Survey b. Topographic Survey c. Hydrographic Survey d.Photogrammetry Survey

d.Photogrammetry Survey

066. It is a survey that is necessary to fix boundaries of mining claims to establish the position of all underground excavations and surface structure of mines? a. Mining Survey b. Topographic Survey c. Hydrographic Survey d. Photogrammetry Survey

a. Mining Survey

067. It is the counting number of steps in a required distance? a. Pacing b. Pace c. Stride d. Pace Factor

a. Pacing

068. Refers to the length of a single step? a. Pacing b. Pace c. Stride d. Pace Factor

b. Pace

069. Two paces or a double step is known as? a. Pacing b. Pace c. Stride d. Pace Factor

c. Stride

070. A RE Broker’s complaint for non-payments of professional fee or commission by a developer shall be filed with? a. DHSUD b.Regular court c. Land Registry d. NHA

a. DHSUD

071. Refers to a loan where the lender has some complete control over the project and the income from the same for a certain period, part or all of which is assigned to him to amortize the project? a. Straight Loan b. Conditional Loan c. Turnkey Loan d. Turkey Loan

c. Turnkey Loan

072. A subdivision plan needs the approval of the Land Registration or Land Management Bureau to effect segregation of tittles when the resulting number of lot is? a. Nine (9) or less b. Ten (10) or less c. Twelve (12) or less d. Fifteen (15) or less

a. Nine (9) or less

073. Vendor is a? a. Buyer b. Seller c. 3rd party purchaser d. Witness

b. Seller

074. It is a forceful placement of lien on a property? a. Mandatory Lien b. Voluntary Lien c. Court Order d. Bank’s Foreclosure

c. Court Order

075. The contract of lease shall be binding even on third parties if the contract of lease is? a. Recorded with the Civil Registry b. Duly notarized c. In writing d.Recorded in the registry of Property

d.Recorded in the registry of Property

076. A contract which is merely an executor contract or a mere premise to sell with no transfer of ownership? a. Contract of Sale b. Conditional Contract of Sale c. Deed of Sale with “Pacto de Retro” d.Contract to Sell

d.Contract to Sell

077. On a Pacto de Retro contract of sale which there is no stipulation of the period to which the vendor shall have the right to buy back or redeem the property. The period of redemption shall be? a. 2 years b.4 years c. 6 years d. 8 years

b.4 years

078. Total refund to the buyer for the developer’s failure to complete the development within the reglementary period is equivalent to? a.50% of total payment inclusive of amortization interest less penalty interest less penalty interest b.500% of total payment inclusive of amortization interest less penalty 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

d.100% of total payment less penalty interest plus legal interest

079. An annotation on the title which serves as a notice that the property is being held? a. Garnishment b. Adverse Claim c. Writ of Preliminary Attachment d. Expropriation

c. Writ of Preliminary Attachment

080. The ratio between saleable and non-saleable area of an open- market subdivision as required under PD 957 the Subdivision and Condominium Buyers Protection Act? a. Minimum of 60% open space b. Minimum of 50% open space c. 60% saleable and 40% non-saleable d.70% saleable and 30% non-saleable

d.70% saleable and 30% non-saleable

081. Under BP 220, the design of housing projects has no prioritized physical needs in the following order of importance? a. Electricity, recreation, transport vehicles, market, water supply, solid waste facil;ity b.Health center, daycare center, church, public school, basketball court, cell sites c. Water, road for circulation, storm drainage, disposal of solid and liquid wastes, power, park and playground d.Police station, fire station, government office, jail, cemetery, telephone and cables lines

c. Water, road for circulation, storm drainage, disposal of solid and liquid wastes, power, park and playground

082. According to PD 1096 the National Building Code of the Philippines, a residential dwelling unit shall have one side adjoin or have direct access to public space, yard street, or alley; shall not occupy more than 90% of a corner lot or 80% of an inside lot and be built in such a way that its exterior wall is at least ____ from the property line? a. 2.0 m b. 6.0 m c. 4.0 m d. 8.0 m

a. 2.0 m

083. A house with two levels of living area characterized by a steep roof slope and dormers, the area of the upper level is 40-60% of the lower level, it is classified as a? a. Split level b. One storey c. One and a half storey d. Two storey

c. One and a half storey

084. In plotting the technical description of a lot, one (1) degree is considered equivalent to? a. 60 seconds b.60 minutes c. 6 seconds d. 6 minutes

b.60 minutes

085. If a person seeks the registration of an invalid instrument, what shall the Register of Deeds do? a. Declare that the instrument is invalid b. Register the document c. Deny registration outright d. Ask for HLURB Permit

b .Register the document

086. Refers to dwelling units with one side attached to a firewall? a. Single detached units b. Duplexes c. Single attached units d. Townhouses

c. Single attached units

087. A traffic impact assessment is required for project of? a. 10 hectares and above b.30 hectares and above c. 20 hectares and above d. 40 hectares and above

b.30 hectares and above

088. PD 1216 is the law pertaining to? a. Investment Code of the Philippines b.Defining open spaces in Residential Subdivision c. Fire Code of the Philippines d. The Local Government Code of the Philippines

b.Defining open spaces in Residential Subdivision

089. Housing and Land Use Regulatory Board is the agency in charge for the certificate of registration of subdivision development projects. The Registry of Deeds also has its function for? a. Land Conversion b.Issuance of Land Titles c. Approval of Development Permit d. Cancellation of License to Sell

b.Issuance of Land Titles

090. A clause in a deed that limits the use of real estate is referred to as? a. Carry-over clause b. Subordination clause c. Deed with restriction d. Deed of trust

c. Deed with restriction

091. Refers to the Subdivision and Condominium Buyers Protective Decree? a. PD 1216 b.PD 957 c. PD 1096 d. PD 1185

b.PD 957

092. Refers to the entire parcel of real property divided or to be divided including all structures thereon? a. Condominium Unit b.Condominium Project c. Condominium d. Common Areas

b.Condominium Project

093. Refers to an individually owned parcel and includes a share of common areas? a. Condominium b. Priority Urban Development (PUD) c. Life Estate d. Leasehold Estate

a. Condominium

094. Private deed restrictions are often enforced through a? a. Special Board b. Homeowner’s Association c. Zoning Board d. Housing Cooperate

b. Homeowner’s Association

095. What is the minimum size of a right-of –way for minor roads in the economic and socialized housing project? a. 3 meters b. 8 meters c. 5 meters d. 6.5 meters

d. 6.5 meters

096. The walls between two condominium units are normally considered to be? a. Individual unit elements b.Common elements c. Propriety lease elements d. Limited common elements

b.Common elements

097. Refers to the sharing percentage between foreign to Filipino Investments pursuant to the Condominium Act (R.A. 4726) a. 30% Foreign, 70% Filipino b. 50% Foreign, 50% Filipino c. 45% Foreign, 55% Filipino d.40% Foreign, 60% Filipino

d.40% Foreign, 60% Filipino

098. It represents the capital expenditure in the formation and construction of a finished product? a. Price b. Cost c. Intangible Asset d. Going Concern Value

b. Cost

099. A condominium corporation may sell, exchange, lease or dispose the common areas owned or held by it with the approval of, what kind of vote among all the registered owners? a. Fifty-one percent (51%) b. One third (1/3 or 33.3%) c. Simple majority (50% + 1) vote d. Two thirds (2/3 or 66.6) vote

c. Simple majority (50% + 1) vote

100. Government agency where title verification is made? a. Register of Deeds b. Assessor’s Office c. Registry of Deeds d. Registry of Personality

c. Registry of Deeds

101. A simple test of the red seal on the Owner’s duplicate and/or red printed words “OWNER’S DUPLICATE” may be considered as a poor reproduction of the authentic and original copy if it will? a. Blot when wet b. Stain when wet c. Black and stain when wet d. Blot and stain when wet

d. Blot and stain when wet

102. A reconstituted title may be determined by a prefix? a. TR b.RT c. RX d. PX

b. RT

103. Refers to a right to develop the space above a piece of property, building or other structure? a. Air Space b.Air Rights c. Transfer Development Rights d. Floor Area Ratio

b.Air Rights

104. This refers to the actual allowable floor area that could be constructed on the land? a. Air Space b. Air Rights c. Transfer Development Rights d. Floor Area Ratio

d. Floor Area Ratio

105. The right to build a taller building by buying unused air rights from other property owner and getting the right to build a skyscraper to a maximum height, without demolishing the building? a. Air Space b. Air Rights c. Transfer Development Rights d. Floor Area Ratio

c. Transfer Development Rights

106. The transfer back of property to its previous owner through Deed of? a. Reconveyance b. Return c. Rescind d. Retrograde

a. Reconveyance

107. Refers to the person who enters a contract to rent property under a lease contract to use a property? a. Lessor b. Lessee c. Landlord d. Owner

b. Lessee

108. It is a value determined by dividing the measured or known length of a line by the mean number of paces taken to walk or traverse the line? Pace Factor

Pace Factor

109. A 10 hectare of land was purchased at ₱ 400/sq. m. and has development cost ₱ 300/sq. m. Based on the gross area. The marketing/advertising and Broker’s is 15% of the selling price. If the company desires a gross profit of 30% of the selling price, what would be the minimum selling price per sq. m. of the subdivision lots assuming that the saleable area is 70% of the gross area? a. ₱ 1,818.18/sq. m. b. ₱ 1,700.00/sq. m. c. ₱ 1,800.00/sq. m. d. ₱ 1,900.00/sq. m.

a. ₱ 1,818.18/sq. m.

110 An angle between a reference meridian and a line of direction? a. Bearing b. Azimuth c. Elevation d. Distance

a. Bearing

111. Another term used to indicate a direction line. It is a clockwise angle measured from the south meridian? a. Bearing b. Azimuth c. Elevation d. Distance

b. Azimuth

112. Refers to the height of a point above mean sea level? a. Bearing b. Azimuth c. Elevation d. Distance

c. Elevation

113. A flat representation of the earth’s surface? a. Plan b. Map c. Lot Plan d. Vicinity Map

b. Map

114. It is a map that shows the shape/configuration of a parcel of land drawn on a paper medium, usually tracing paper, and contains the basic information of a survey plan? a. Plan b. Map c. Lot Plan d. Vicinity Map

c. Lot Plan

115. In a contract to sell by a corporation, the instrument must include the following, except? a. It has legal right to own in the Philippines, in case ownership is to be transferred b. It is duly authorized by proper Board Resolution of the Directors c. Financial Statements of the Corporation d. Board resolution authorizing the officer to represent and sign in behalf of the corporation

c. Financial Statements of the Corporation

116. Assuming due cause for foreclosure, what is the condition for a real estate mortgage to be foreclosed extrajudicially? a. When the parties involved want to avoid litigation b.When there is a special power to sell inserted in or attached to the mortgage contract c. When the mortgage property is located in a remote area d. When the mortgage is not a juridical person

b.When there is a special power to sell inserted in or attached to the mortgage contract

117. The % for socialized housing applies to subdivision projects and condominium projects? a. 15% / 5% b. 20% / 10% c. 30% / 20% d. 25% / 15%

a. 15% / 5%

118. The sale or transfer of real property to real estate investment trust shall be subjected to? a. 10% of the applicable DST b. 25% of the applicable DST c. 50% of the applicable DST d. 75% of the applicable DST

c. 50% of the applicable DST

119. A Real Investment Trust must have a minimum paid up capital of at least? a. ₱ 300M b. ₱ 500M c. ₱ 1.0B d. ₱ 100M

a. ₱ 300M

120. An undertaking by two or more parties for the purpose of implementing a particular business and shared costs and earnings in proportion to what they shared? a. Joint Venture b. Partnership c. Business Development d. Real Estate Development

a. Joint Venture

121. To comply with Section 18 of R.A. 7279, the following mode of compliance are acceptable: Development of new settlement; Slum upgrading- to be certified by NHA or LGU concerned; Joint venture program with LGU consisting of 20% of total development cost of the main project or 20% of the new project area; Purchase of socialized housing bonds of Pag-ibig; HGC Zero bonds; HGC Special series bond and Participation as financier or developer in? a.HGC bond b.Community mortgage program c.Special bonds d.Informal settlers program

b.Community mortgage program

122. A law requiring developers to plant trees on existing subdivision projects? a. PD 9567 b.PD 953 c. PD 1216 d. PD 7278

b.PD 953

123. A map that shows the location of the property, indicating known landmarks, such as church, bridge, school, commercial establishment and names of road ways leading to the property? a. Plan b. Map c. Lot Plan d.Vicinity Map

d.Vicinity Map

124. A map showing the terrain configuration of a parcel of land represented by contour lines? a. Contour Map b. Contour Lines c. Hachures d. Bearing

a. Contour Map

125. These are short straight lines drawn in direction that water would take down the slopes? a. Contour Map b. Contour Lines c. Hachures d. Bearing

c. Hachures

126. Refers to an actual ocular field inspection of the site or lot? a. Inspection b.Site Inspection c. Site Analysis d. Field/Ocular Inspection

b.Site Inspection

127. The formula to be used in computing the cash surrender value (CSV) of a buyer under the Maceda law is? a. Total payments made X CSV factor b. Monthly amortization X CSV refund c. Total payments made-expenses of sale d. Monthly amortization paid X number of years paid

a. Total payments made X CSV factor

128. The following are allowed to be deducted from the refund of the buyer under RA 6552, except? a. Broker’s professional fee paid b. Downpayment c. Reservation deposit d. Amortization paid

a. Broker’s professional fee paid

129. In case a buyer failed to pay after making 96 monthly instalments on a 10-year term purchase of a lot, the percentage of refund shall be? a. 50% + 5% of the instalment for the years beyond 5 years b. 50% c. 65% d. 100%

c. 65%

130. Ms. Antonietti entered into a pacto de retro sale over his lot but there was no mention when he can buy back the property. In this case the period to buy back shall be considered? a. 2 years b.4 years c. 1 year d. Not more than 10 years

b.4 years