Board Exam Simulation HD Professional Practice (200 Pts)

Question 1

The equilibrium price is also called____

a.
Market -clearing price

b.
Equilibrium cost

c.
Increased supply

Question 2

Lien on property with unpaid taxes.

a.
Tax lien

b.
Mortgage lien

c.
Mechanic lien

Question 3

Establishing Priorities and Procedures in Evaluating Areas for Land Conversion in Regional Agricultural/lndustrial Centers, Tourism Development Areas Sites for Socialized Housing

a.
EO 124

b.
EO 125

c.
EO 126

Question 4

A certification issued by the EMB certifying that, based on the submitted project description, the project is not covered by the EIS System and is not required to secure an ECG

a.
Certificate of Non-Coverage

b.
Certificate of Teaching

c.
Certificate of Coverage

Question 5

Any person, natural or juridical, who is engaged in the trade of selling

a.
Dealer

b.
Broker

c.
Buyer

Question 6

Assuming that the Supreme Court rules with finality that Senator Grace Poe is not a natural-born Filipino Citizen; can she still own private lands in the Philippines?

a.
Yes, because she was an American Citizen who reacquired Philippine Citizenship in accordance with R.A. 9225

b.
Yes, she can own private Philippine Lands but only by succession

c.
No, because only natural born Filipino Citizens can own private Philippine lands

d.
Yes, but only a maximum area of 5000 square meters in case of urban land, and 3 hectares in case of rural land for business or other purpose

Question 7

A tax is shifted forward to consumers if the demand is inelastic relative to supply

a.
The statement is correct

b.
The statement is not true

c.
Statement AL Bis correct

Question 8

What is a process to determine the best location for new site and service scheme?

a.
Suitability mapping

b.
Location mapping

c.
Site mapping

Question 9

The movement of prices will tend to go up because of the higher demand.

a.
Sellers Market

b.
Public market

c.
Buyers Market

Question 10

Formal declaration in the presence of a notary public or official designated by law.

a.
Acknowledgement

b.
Complaint

c.
Filing

Question 11

Imposes upon the owner of the servient estate the obligation of allowing something to be done or of doing it himself.

a.
Positive easement

b.
Negative easement

c.
Netraul easement

Question 12

When demand is price inelastic ,a price decrease and makes the total revenue

a.
Reduces

b.
Unchanged

c.
Increases

Question 13

This of the following refers to meeting the needs of the present without compromising the ability of future generations to meet their own needs.

a.
Conservation

b.
Reproduction

c.
Bioremediation

Question 14

Key to orderly and rational land development in any local government unit.

a.
Planning

b.
Analyzing

c.
Implementing

Question 15

The added desirability or utility of a property due to its frontage to two streets, which provides better ventilation for residential purposes, easier accessibility and more commercial display for commercial and industrial utilization.

a.
Corner Influence

b.
Corner Lot

c.
Plottage

d.
Plottage Value

Question 16

Party wall or fence use commonly by parties are expense by.

a.
All party

b.
Party who build

c.
All or one party

Question 17

Refers to lands where naturally occurring energy resources exist.

a.
Energy resources lands

b.
Power plant

c.
Energy production

Question 18

The highest and best use of a site is its

a.
Current or Existing use

b.
Most probable use that is legal, physically possible and provides the highest financial returns

c.
Immediate& necessary use

d.
Ordinary and Least expensive use

Question 19

Refers to an area within a city or municipality intended for cultivation and pastoral activities.

a.
Agricultural zone

b.
Pastoral zone

c.
Cultivation zone

Question 20

How can a corporation mortgage all or substantially all of its property?

a.
Requires majority vote of board of directors and authorized by vote of stockholders representing at least two-thirds

b.
Requires majority vote of board of directors, and authorization of stockholders not necessary

c.
Requires majority vote of board of directors and authorized by vote of stockholders representing at least majority

d.
Requires two-thirds vote of board of directors and authorized by vote of stockholders representing at least two-thirds

Question 21

Estimate of how old the building appears to be.

a.
Effective age

b.
Physical age

c.
Appearance

Question 22

Refers to the EMB PEPP EMS as provided for under DAO 2003-14, which is a part of the overall management system of a project or organization that includes environmental policy, organizational structure, planning activities, responsibilities, practices, procedures, processes and resources for developing, implementing, achieving, reviewing and maintaining an improved overall environmental performance.

a.
Environmental Management Systems

b.
Environmental certificate of compliance

c.
Compliance certificate

Question 23

This allows collaborative partnership among the local government, business and society.

a.
Local Governance

b.
Local execution

c.
Local implementation

Question 24

Refer to lands where mineral including energy resources are found.

a.
Mineral land

b.
Resources

c.
Energy resources

Question 25

The lowering of soil and water pH due to acid precipitation and deposition usually through precipitation.

a.
Acidification

b.
Condensation

c.
Precipitation

Question 26

What is the correct term for plants releasing water from their leaves, which then evaporates?

a.
Transpiration

b.
Evaporation

c.
Precipitation

Question 27

Government credit agencies that provide loans directly for farmers and home mortgagors.

a.
Government-sponsored enterprises

b.
Finance companies

c.
Securities firm

Question 28

Review of a Valuer’s work undertaken by another Valuer exercising impartial judgment.

a.
Valuation review

b.
Desk review

c.
Peer review

Question 29

What is the method used to determine direction using your bare foot?

a.
Pacing

b.
Walking

c.
Running

Question 30

Refers to the type of listing that can be given to more than two brokers

a.
Open listing

b.
Multiple listing

c.
Double listing

Question 31

The one element in a real estate development that cannot be duplicated exactly by competition:

a.
Location

b.
Land Use Plan

c.
Improvement

d.
Amenities

Question 32

Because the physical asset land and building is not transferred physically from one buyer to another, the right to possession, use and enjoyment may be divisible into. This characteristic of land refers to its:

a.
Divisibility

b.
Modifiable

c.
Immobility

d.
Durability

Question 33

Mr. Ang was planning to develop his real property into a subdivision project. He approached his friend, Mr. Chua, who was previously employed in a real estate development corporation but has since retired. Mr. Chua is not a licensed real estate practitioner. Mr. Chua generously advised Mr. Ang on the conception, planning, management and development of Mr. Ang’s real estate projects, without accepting salary or any form of compensation. Is Mr. Chua liable under R.A. 9646?

a.
No, he is not liable because he is only assisting his friend, Mr. Ang, without accepting any compensation.

b.
Yes, he is liable because he is engaged in real estate practice without accepting compensation, which is an unfair competition to other practitioners who have to charge a fee.

c.
Yes, he is not a licensed real estate practitioner and he is performing the job of real estate consultancy.

d.
No, he is not liable because under the Grandfather Clause of R.A. 9646, former employees of real estate development corporations enjoy the presumption of competence, which qualifies them to engage in real estate practice even after retirement.

Question 34

arget number of trees to plant for NGP

a.
1.5 billion

b.
1 billion

c.
1 million

Question 35

The loan amount retained to ensure cancellation of mortgage/s prior to PAG-IBIG Fund.

a.
5%

b.
2%

c.
3%

Question 36

A promissory note evidencing a loan in which interest only payment made periodically and the principal paid in one lump sum maturity.

a.
Straight note

b.
Promissory note

c.
Interest note

Question 37

What is the meaning of CENRO?

a.
Community Environment and Natural Resources office

b.
Community Environment and Natural Resourcing office

c.
Community Environment and Natural Resources officer

Question 38

Difference between the value of the property and current debt.

a.
Equity

b.
Net income

c.
Net payable

Question 39

A kind of draft that shows the arrows pointing to a particular direction?

a.
Maps or survey plans

b.
Compass

c.
Elevation

Question 40

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

a.
Twenty percent (20%) of the gross area

b.
Thirty-five (35%) of the gross area

c.
Twenty-five percent (25%) of the gross area

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

Question 41

The normal wear and tear that a building experiences as it ages and it depends on the original quality of construction and the level of ongoing maintenance.

a.
Physical deterioration

b.
Depreciation

c.
Quality

Question 42

The pre-emptive right of the tenant or resident to buy the leased premises sold by the owner

a.
Right of First Refusal

b.
Privileged

c.
Reserve

Question 43

A person who has obtained either real estate salespersons license or real estate broker license.

a.
Real estate agent

b.
Real estate developer

c.
Real estate manager

Question 44

Refers to the areas where the structures are dilapidated obsolete and unsanitary

a.
Blighted areas

b.
Old areas

c.
Abandoned areas

Question 45

The flow of water over land from rain, melting snow, or other sources.

a.
Run off

b.
Land slide

c.
Soil erosion

Question 46

Refers to a listing agreement where sellers agree to list the property to only broker one broker.

a.
Exclusive listing

b.
Close listing

c.
Open listing

Question 47

Fruits on the exclusive property of wife shall be_____.

a.
Conjugal property

b.
Property of wife

c.
Paraphernal

Question 48

If a husband is incapacitated who has the power of administration of their properties.

a.
Wife

b.
Son or Daughter

c.
Court

Question 49

Use as an instrument to help finance and develop infrastructure projects

a.
Capital Market

b.
Economic Market

c.
Community

Question 50

Method for appraising real estate based on its income.

a.
Income capitalization approach

b.
Income-Expense Approach

c.
Capital approach

Question 51

A reversible chemical reaction when ions with the same charge can be switched. This can be used in purification of a substance.

a.
Ion exchange

b.
Molecular exchange

c.
Covalent exchange

Question 52

Refers to a professional administrator of real properties who is engaged by the REIT to provide property management services and lease management services.

a.
Property Manager

b.
Property owner

c.
Property administrator

Question 53

The percentage change in quantity supplied divided by the percentage change in price.

a.
Price elasticity of supply

b.
Price elasticity

c.
Price elasticity of demand

Question 54

The principal has the right to employ other broker.

a.
Open listing

b.
Close listing

c.
Multi listing

Question 55

The process of discounting income expectancies to a present worth is called

a.
Rate analysis

b.
Capitalized expenses

c.
Capitalization

d.
Net income

Question 56

Private corporation shall lease for an initial period not exceeding_____.

a.
25 years

b.
50 years

c.
10 years

Question 57

Refers to lands within the critical watershed, brackish and freshwater wetlands, pasture lands, and croplands which require rehabilitation and whose continued unsustainable use would adversely affect the productivity of lowland agricultural areas and the stability of the upland system.

a.
Ecologically fragile land

b.
Critical land

c.
Dangerous land

Question 58

Broker or dealer shall deal in or otherwise buy or sell, for its own account or for the account of customers.

a.
Broker only

b.
Dealer only

c.
Both are prohibited

Question 59

The distribution of the appraised value of the property between land and building.

a.
Allocation

b.
Matching

c.
Distribution

Question 60

Risk due to the use of debt financing.

a.
Financial risk

b.
Business risk

c.
Operational risk

Question 61

Dual citizen Filipinos can be allowed to be candidate in a national election upon.

a.
Renunciation of foreign citizenship

b.
Filing of candidacy

c.
Order of the court

Question 62

What method of land use survey done by walking

a.
Foot survey

b.
Pace survey

c.
Actual survey

Question 63

What is the meaning of RLUC?

a.
Regional Land Use Committee

b.
Regional Land User Committee

c.
Regional Land Use Council

Question 64

The seller receives the full payment from the buyer.

a.
Cash sale

b.
Full sale

c.
Option sale

Question 65

Valuation approach use in the unique properties such as the church

a.
Cost approach

b.
Income approach

c.
Sales approach

Question 66

It is mandated to promulgate zoning and other land use control standards and guidelines.

a.
Housing and Land Use Regulatory Board

b.
NHA

c.
HMDF

Question 67

Land use planning helps to conserve areas of ecological, aesthetic, historical and cultural significance

a.
True

b.
False

c.
Maybe

Question 68

Refers to a land usually bounded by streets.

a.
Block

b.
Division

c.
Street division

Question 69

A lease with fixed rent for an initial term and provision for predetermined increases at specified interval.

a.
Step up lease

b.
Increasing lease

c.
Upward lease

Question 70

Per BIR Ruling No. 28-98, the ground floor of a condominium project shall be classified as commercial and an additional rate shall be added to an established residential zonal value. The rate to be added is.

a.
Ten percent (10%)

b.
Fifteen percent

c.
Twenty percent

d.
Twenty five percent

Question 71

Its function is to find a lender and secure a loan for the principal.

a.
Loan Agency

b.
Lender agency

c.
Principal agency

Question 72

It occurs in neritic zones of warm, tropical water, dominated by cnidarians, very productive and protects land from storms.

a.
Coral reefs

b.
Deep-sea vent

c.
Seashore

Question 73

A private commodity which can be owned, used, bought or sold?

a.
Land

b.
Property

c.
Real estate

Question 74

Refers to one who is motivated, but not compelled to buy.

a.
Willing buyer

b.
Free buyer

c.
Motivated buyer

Question 75

Use of public water is acquired by all, except.

a.
By prescription of 5 years

b.
Administrative concession

c.
By prescription of 10 years

Question 76

Basically a result of the interplay of supply and demand of a certain product, such as real estate housing.

a.
Price

b.
Area

c.
Construction

Question 77

Who are the participants in conducting Goal-achievement analysis?

a.
Stakeholders

b.
People

c.
Citizen

Question 78

Refers to lands which are not registered with the Register of Deeds

a.
Unregistered or abandoned land

b.
Idle land

c.
Open land

Question 79

Have the right to act as the executive head of the LUPA and Secretary of the Board and perform the powers and function.

a.
Administrator

b.
Manager

c.
supervisor

Question 80

Its purpose is to develop other development controls to ensure an objective implementation of the CLUP

a.
Drafting the Zoning ordinance

b.
Zoning ordinance

c.
Ordinance approval

Question 81

Right created by fiction of law, by virtue of which the representative is raised to the place and the degree of the person represented

a.
Representation

b.
Proxy

c.
Replacement

Question 82

Refers to the flow of wages .interest payments .dividends .and other things of value accruing during a period of time.

a.
Income

b.
Salary

c.
Status

Question 83

It tries to describe, explain, and predict patterns of prices, demand and supply

a.
Real Estate Market Economy

b.
Real Estate Economics

c.
Real Estate

Question 84

Describes a situation where an entire business is transferred as an operational entity.

a.
Going concern value

b.
Business value

c.
Operational value

Question 85

When the seller help finance part or all of the purchase price.

a.
Seller financing

b.
Buyer financing

c.
Financer

Question 86

A concept where a person property is not just for his own exclusive used or benefit but for the good and general welfare of all

a.
Steward concept

b.
Sharing concept

c.
Ownership concept

Question 87

Refers to the land and all those items which are attached to the land.

a.
Real Property

b.
Real Estate

c.
Realty

Question 88

The result of subtracting the vacancy and collection loss from potential gross income.

a.
Effective gross income

b.
Net profit

c.
Net income

Question 89

Who will appraise the comprehensive land use plans of cities, provinces, etc.?

a.
Regional land use committee

b.
HLURB

c.
Appraiser

Question 90

An authority given by a party for the broker to look for joint venture partner.

a.
Joint venture agency

b.
Partner agency

c.
Joint agency

Question 91

An expert who studies the flooding areas.

a.
Hydrologist

b.
Environmentalist

c.
Forestry

Question 92

The determination of the real ownership on the land

a.
Land title

b.
Land ownership

c.
Land holding

Question 93

To carry out the purposes of this Act the Commission shall retain and use 50% of all fees paid to it, relative to the establishment of REITs and the registration of their securities to annual budget.

a.
Use of Registration Fees

b.
Registration

c.
Transfer of Real Property

Question 94

Succession that occurs after the original population has been destroyed or disturbed, as with a forest fire.

a.
Secondary succession

b.
Primary succession

c.
Tertiary succession

Question 95

Which statement is correct? A non-stock, non-profit charitable association that sells its idle agricultural property is:

a.
Required to pay the 6 % capital gains tax on the gross selling price of fair market value, whichever is higher

b.
Mandated to pay the 30% regular corporate income tax on the gain from the sale

c.
Required to withhold the applicable expanded withholding tax rate on the transaction and remit the same to the BIR

d.
Not required to file an income tax return or pay income tax on the transaction to the BIR, provided the sales proceeds are invested in another real estate during the year

Question 96

Income payment to a REIT shall be subject to a lower creditable withholding tax of 1%.

a.
Creditable Withholding Tax

b.
Income Taxation of REIT

c.
Transfer of Real Property

Question 97

Refers to the linking of the consumption and production areas through appropriate infrastructure system.

a.
Spatial Integration

b.
Infrastructure integration

c.
Production integration

Question 98

The primary strategy in providing shelter for the underprivileged and homeless.

a.
Socialized housing

b.
Special housing

c.
Poor housing

Question 99

Who are qualified beneficiaries for socialized housing program?

a.
Filipino citizen

b.
Foreigner

c.
Alien

Question 100

The highest amount in terms of money that a property should bring given reasonable time exposure in the open and competitive market:

a.
Market Value

b.
Fair Market Value

c.
Salvage Value

d.
Zonal Value

Question 101

What makes the lot or survey number unique?

a.
No duplicate

b.
Numbered

c.
Coded

Question 102

The type of listing that gives the real estate broker the greatest protection

a.
Exclusive agency listing

b.
Net Listing

c.
Open Listing

d.
Exclusive Right to Sell Listing

Question 103

A process where a soil is deposited.

a.
Accretion

b.
Reclamation

c.
Alluvium

Question 104

Method of land valuation in the absence of vacant land sales, whereby improvement values obtained from the cost model are subtracted from sales prices of improved parcels to yield residual land value estimates.

a.
Abstraction method

b.
Desk method

c.
Sale price method

Question 105

Section in the EIS that details the prevention, mitigation, compensation, contingency and monitoring measures to enhance positive impacts and minimize negative impacts and risks of a proposed project or undertaking.

a.
Environmental Management Plan

b.
Management plan

c.
Environmental plan

Question 106

Additional element of value created by the combination of two or more interests where the value of the combined interest is worth more than the sum of the original interests.

a.
Synergistic value

b.
Plottage value

c.
Market value

Question 107

The first person to use the word to name the study of how organisms fit into their environment

a.
Ernst Haeckel

b.
Sigmund Freud

c.
Isaac Newton

Question 108

What is the term refers to the reference monument, like BLLM or BBM, where the corner no. 1 of the lot is connected

a.
Tie Point

b.
Tie Line

c.
Distance

Question 109

A legal procedure whereby property used as security debt is sold to satisfy debt.

a.
Foreclosure

b.
Auction

c.
Default

Question 110

It deals with capital investment that supports spatial integration, production efficiency and social service delivery.

a.
Infrastructure development

b.
Social integrity

c.
Production integrity

Question 111

How many percent of the total land can be reclassified by the LGU for the 4th and 6th class municipalities?

a.
5%

b.
3%

c.
4%

Question 112

The business of making sales and purchases for a commission.

a.
Brokerage

b.
Buy and sell

c.
Business

Question 113

Real estate Economics tries to describe, explain, and predict patterns of___

a.
prices, supply, and demand

b.
prices, income, and demand

c.
prices, consumer, and demand

Question 114

The wife right on the property of the husband.

a.
Dower

b.
Capital

c.
Paraphernal

Question 115

In pag-ibig, the six months interim insurance and 2k processing fee is referred to as.

a.
Deductions on the first loan release

b.
Deductions on final loan releases

c.
Deductions on prospective loan releases

Question 116

he_______is the one who receive commission on property being sold.

a.
Broker

b.
Cashier

c.
seller

Question 117

A very important formula for the computation involving real estate financing is: MONTHLY AMORTIZATION [ M A ] = Principal to be financed x Amortization Factor

a.
True

b.
False

c.
Both A and B

Question 118

Major requirements for a real estate broker.

a.
Valid license as real estate broker

b.
Paid Taxes

c.
Attended Seminars

Question 119

Refers to the legitimate lessees of houses.

a.
Residents

b.
Owner

c.
Occupants

Question 120

The system of combining all properties into a common list.

a.
Multiple listing

b.
Multi- listing

c.
Poly-listing

Question 121

Project or program that has high potential for significant negative environmental impact.

a.
Environmentally critical project

b.
Environmentally critical area

c.
Environmentally critical program

Question 122

Value to a specific investor with a specific plan for the property.

a.
Investment value

b.
Investor value

c.
Specific value

Question 123

The purpose of this step is to establish a preferred land use alternative.

a.
Establishing the Development Thrust and Spatial Strategies

b.
Establishing the Thrust and Spatial Strategies

c.
Establishing the Development and Spatial Strategies

Question 124

Filipino citizens may lease not more than._______

a.
500 hectares

b.
1000 hectares

c.
800 hectares

Question 125

What is the organisms that breakdown substances into simpler substances?

a.
Decomposer

b.
Producer

c.
Consumer

Question 126

How many percent of the total land can be reclassified in the urbanized independent cities?

a.
15%

b.
20%

c.
30%

Question 127

Guide costumers to the process of selecting suitable mortgage package with competitive package offers.

a.
Mortgage broker

b.
Property broker

c.
Sellers broker

Question 128

Holds that the value is created and maintained in proportion to the equilibrium attained in the amount and location of the essential uses of real estate. The degree of value of a property is governed by the balance or appointment of the four factors in production.

a.
Anticipation

b.
Balance

c.
Contribution

d.
Decreasing Returns

Question 129

Use that result in the highest value for that property.

a.
Highest and best use

b.
Profitable use

c.
Economic use

Question 130

The period over which a building may be profitably used is its

a.
Actual life

b.
Physical life

c.
Useful life

d.
Effective life

Question 131

Happens over a long period of time and is defined as a certain trait and how species with this trait can or cannot survive, and how it effects the reproduction of this good or bad trait.

a.
Natural selection

b.
Binomial nomenclature

c.
Natural resource

Question 132

Rights of the lessee of property.

a.
Leasehold

b.
Lease fee

c.
Lease

Question 133

Which of the following is valid?

a.
Pacto de retro sale in mortgage contract

b.
Pactum comissorium in mortgage contract

c.
Pactum de non aliendo in mortgage contract

d.
None of the above

Question 134

Ownership on an undivided thing by different person

a.
Co-ownership

b.
Common ownership

c.
Shared ownership

Question 135

The acronym ADSDP means Ancestral Domain Sustainable Development Plan.

a.
True

b.
False

c.
Maybe

Question 136

A deed in which grantor warrant a good clear title to the premises.

a.
Warrant deed

b.
Trust deed

c.
Guaranty deed

Question 137

Provision of Conditional Cash Transfer to NGP beneficiaries

a.
DSWD

b.
DBM

c.
DOF

Question 138

Retention limit of a corporation

a.
1,000 hectares

b.
500 hectares

c.
800 hectares

Question 139

Tract of land divided into lots suitable for home building.

a.
Subdivision

b.
Condominium

c.
Plot

Question 140

A Real Investment Trust company shall distribute annually at least how much dividends to its shareholders:

a.
90%

b.
40%

c.
50%

d.
75%

Question 141

A scheme whereby a group of homeowners occupying a contiguous parcel of land.

a.
Neighborhood Ownership

b.
Township

c.
Barangay

Question 142

Refers to areas containing deposits of metallic and non-metallic minerals

a.
Mineralized areas

b.
Metallic areas

c.
Deposits area

Question 143

This analysis mainly concerned with the strategy effects on the welfare of the community rather than any smaller group.

a.
Social cost -benefit analysis

b.
Economic analysis

c.
Cost benefit analysis

Question 144

Refers to an in-design evaluation method for planning areas that retain important natural environmental features.

a.
Land Suitability Analysis

b.
Land applicability

c.
Land retainability

Question 145

Photo synthesizers such as algae and green plants that produce most of the organic nutrients for the biosphere pioneer species are._______

a.
Photoautotrophs

b.
Heterotrophs

c.
Autotrophs

Question 146

Considers the income that an asset will generate over its remaining useful life and estimates value through a capitalization process.

a.
Income approach

b.
Market approach

c.
Sales approach

Question 147

The body of liquid on the surface of the Earth; it is considered a lake when it is not part of an ocean, is inland, and is fed by a river.

a.
Lake

b.
Pond

c.
Sea

Question 148

The price of real estate has a tendency to go down in view of the excess in supply vs. the actual demand of the market, is normally referred to as

a.
Buyers Market

b.
Suppliers Market

c.
Wet Market

Question 149

Refers to a potential buyer or costumer

a.
Prospect

b.
Suspect

Question 150

In the classification of things, there are certain things that are considered to belong to everyone. These things are classified as:

a.
Res Communes

b.
Res Alicujus

c.
Res judicata

d.
Res nulius

Question 151

Right of possession that returns to the grantor after the expiration of a limited or contingent estate.

a.
Reversion

b.
Escheat

c.
Conversion

Question 152

Document similar to an EIS, but with reduced details and depth of assessment and discussion.

a.
Initial Environmental Examination (IEE) Report

b.
Initial Environmental Assessment Report

c.
Environmental Assessment Report

Question 153

A Real Estate Investment Trust, also known as a “REIT is a company whose primary business is owning and managing real estate properties, except:

a.
Socialized and economic housing

b.
Offices and apartment buildings

c.
Warehouses and industrial buildings

d.
Hotels, shopping malls, or golf courses

Question 154

Refers o a program that will outline areas in the Philippines which are prone to liquefaction and other natural hazards.

a.
National Geo-hazard Mapping Program

b.
Critical mapping

c.
Dangerous mapping

Question 155

Personal property that will become real estate.

a.
Fixture

b.
Real property

c.
Real estate

Question 156

Right by virtue of which, when two or more persons are called to the same inheritance, devise or legacy,

a.
Accretion

b.
Common

c.
Sharing

Question 157

Sources of listing could be through physical and internet search.

a.
True

b.
False

c.
maybe

Question 158

The one who protect the interest of the principal.

a.
Broker

b.
Appraiser

c.
buyer

Question 159

Holds that economic, physical, governmental, and social forces are constantly at work and because changes brought about by these forces affect real property, the appraiser view real property and its environment as in transition, observing evidence of trends which may affect the property in the future.

a.
Change

b.
Competition

c.
Conformity

d.
Contribution

Question 160

This Order shall take effect 15 days after its publication in a newspaper of general circulation.

a.
Effectivity

b.
Transitory provision

c.
Imprinting

Question 161

Which one correctly explains global warming?

a.
An increased in Earth’s average surface temperature

b.
An increased in the concentration of ozone

c.
A decreased in Earth’s average surface temperature

Question 162

The undertaking of any development activity which modifies or alters the physical characteristics of agricultural lands to render them suitable for non-agricultural purposes.

a.
Conversion

b.
Classification

c.
Development

Question 163

As property consultant, you were consulted by a client who wanted to sell a real property to a corporation sole, Roman Catholic Administrator of Cebu, Inc. Your client was concerned because the actual incumbent of the corporation sole was a Canadian Citizen, Msgr. Justin Purdeau. He asked whether the sale would go against the constitutional prohibition against foreigners owning land in the Philippines.

a.
The sale is valid because a corporation sole is not the owner of the properties that he may acquire but merely the administrator thereof so the sale in this case will be valid.

b.
The sale will be void because aliens cannot own real property

c.
The sale will be voidable, subject to ratification if the incumbent becomes a Filipino Citizen

d.
The sale may be valid if the corporation sole proves that at least 60 per centum of the capital, property, or assets is actually owned or controlled by Filipino citizens.

Question 164

Property goes to the government because of no heir and no will.

a.
Escheat

b.
Eminent domain

c.
Foreclosure

Question 165

Finds a specified property in exchange for the principal’s property.

a.
Exchanged Agency

b.
Property agency

c.
Finders agency

Question 166

Cost to create a virtual replica of the existing structure.

a.
Reproduction

b.
Replacement

c.
Recopy

Question 167

A group of organisms interrelated by the fact that each member of the group feeds upon the one below it

a.
Food chain

b.
Food pyramid

c.
Food web

Question 168

DA. DAR. DENR are the stakeholders, whose responsibilities includes the following EXCEPT,

a.
Provision of extension service

b.
Nursery establishment and seedling production

c.
Site identification and site preparation

Question 169

That a buyer will try to pay as little as possible for the property that meets the buyer’s needs.

a.
Substitution

b.
Affordability

c.
Thriftiness

Question 170

This Order hereby supersedes Department Administrative Order No. 96-37, Department Administrative Order No. 2000-37, DAO 2000-05 and other related orders, which are inconsistent herewith.

a.
Repealing Clause

b.
Separability Clause

c.
Sanctions

Question 171

A brokerage is a firm that acts as an intermediary between._______

a.
a purchaser and a seller

b.
buyer broker

c.
seller and broker

Question 172

Property relation of married couple is absolute community of property effectivity.

a.
August 3,1988

b.
September 1,1972

c.
August 8,1988

Question 173

A broker receive a_____all negotiation.

a.
Commission

b.
Profit

c.
Tip

Question 174

What is the the basis of the valuation of real property for purpose of capital gains tax?

a.
It shall be based on selling price, zonal value or schedule of values of the provincial or city assessor, whichever is higher

b.
It shall always be based on the selling price indicated by the deed of sale

c.
If the owner is a developer, the value shall be based on the fair market value

d.
It shall be computed based on the excess of the gains from sales or exchanges of capital assets over the losses from such sales or exchanges

Question 175

Conditions and assumptions under which appraisal is made.

a.
Limiting condition

b.
Limitation

c.
Assumption

Question 176

John and Murcia were married in 1990. They executed a marriage settlement in 1991 wherein they agreed that their property relation shall be that of complete separation of property. What is the property relationship between John and Murcia in 2015?

a.
Absolute Community Property

b.
Conjugal Partnership of Gains

c.
Complete Separation of Property

d.
Co-ownership

Question 177

Interim interest and advance one year insurances.

a.
Deductions on final loan releases

b.
Deductions on first loan releases

c.
Deductions on second loan releases

Question 178

Very open and most transparent method of selling property.

a.
Auction sale

b.
Open sale

c.
Free sale

Question 179

The process of defining the nature and diversity of buyers needs and wants in a market and further classified in significant terms so that organization can focus its business competencies on the requirements of one or more specific groups of effective demand is referred to as:

a.
Market analysis

b.
Demand analysis

c.
Location and site analysis

d.
Market segmentation

Question 180

Property regime of couple without being married.

a.
Co-ownership

b.
Single ownership

c.
Shared ownership

Question 181

The following shall be contained in the Master Deed of a Condominium project, EXCEPT:

a.
Statement of name, addresses and corresponding interests of all the condominium unit owners

b.
Description of the building, stating number of stories and basements, and the number of units

c.
Description of the land on which the building or buildings and improvements are or are to be located

d.
Restriction not contrary to law, morals or public policy regarding the right of any condominium owner to alienate or dispose of his condominium.

Question 182

Percentage change in quantity demanded greater than percentage change in price.

a.
Elastic demand

b.
Inelastic demand

c.
Unit elastic demand

Question 183

It is said that for every Pl million invested in housing it is translated to P16.6 million of economic housing activity in the country

a.
True

b.
Maybe

c.
False

Question 184

Estimate or opinion of value.

a.
Appraisal

b.
Estimating

c.
Valuing

Question 185

Poor layout is an example of.______

a.
Functional obsolescence

b.
Physical obsolescence

c.
Material obsolescence

Question 186

Administrator must have a background of development and planning for at least how many years.

a.
5years

b.
Ivyears

c.
15 years

Question 187

Former natural born Filipino citizen are allowed to acquire urban land for residential purpose for a maximum area of.________

a.
1000 sqm

b.
5000 sqm

c.
1 hectare or 3 hectares

Question 188

Right to use someone else property for his benefit.

a.
Easement

b.
Lease

c.
Borrow

Question 189

Refers to a band of dry land and the adjacent ocean space (water and submerged land) in which terrestrial processes and uses directly affect oceanic processes and uses, and vice versA.

a.
Coastal areas

b.
Shorelines

c.
Seaside

Question 190

NOT ALLOWED for Pag-IBIG Housing Loan

a.
Less than 28 sqm. Lot area

b.
Less than 30 sqm. Lot area

c.
Less than 50 sqm. Lot area

Question 191

The 1st release of loan is based on lot value or 40% of the approved loan whichever is lower

a.
Incorrect

b.
Correct

c.
Statement a and B

Question 192

Quantity supplied generally responds positively to price ,so the supply curve is____.

a.
Upward-sloping

b.
Downward-sloping

c.
No slope

Question 193

Required to be a natural person.

a.
Salesman

b.
Broker

c.
Buyer

Question 194

Authorized to approved coversion of land less than 5 hectare.

a.
Regional Director

b.
Secretary

c.
President

Question 195

Refers to the meanings that people attach to various parts of urban areA.

a.
Symbolism

b.
Map

c.
Picture

Question 196

The important aspects that deals with how an individual’s respond to urban initiatives.

a.
Attractiveness

b.
Responsiveness

c.
Initialibility

Question 197

It describes the land where possession or occupation is without rental?

a.
Usufruct

b.
Free occupant

c.
Free land

Question 198

The document required of proponents describing the environmental impact of, and mitigation and enhancement measure for, project or undertakings located in an ECA. Shall replace the Project Description required under DAO 21, series of 1992.

a.
Initial Environmental Examination

b.
Multipartite Monitoring Team

c.
Social Acceptability

Question 199

Belong the lakes, navigable and floatable rivers.

a.
State

b.
Owner of adjacent land

c.
Government

Question 200

Which of the statement is not correct?

a.
Not all securities firms are very much in the business of producing information

b.
Finance companies are in the lending business.

c.
Brokers also provide loans to the customers