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Professional Practice > Mock Exam 03 > Flashcards

Mock Exam 03 Flashcards

Special & Technical Knowledge

1
Q

PD 1216 is the law pertaining to-

A

Defining Open spaces in Residential Subdivision

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2
Q

A contract which is merely an executor contract or a mere premise to sell with no transfer of ownership

A

Contract to Sell

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3
Q

Law that defined subdivision and all the regulations of subdivision development is -

A

PD#954

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4
Q

Total refund to buyer for developer’s failure to complete the development within the reglementary period is equivalent to-

A

100% of total payment less penalty interest plus legal interest

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5
Q

Unlike the contract of sale which is a principal contract, a mortgage contract is considered what kind of contract -

A

Accessory contract

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6
Q

Law that requires owner/developer to allocate 30% of total project to roads, alleys, sidewalks, reserved open space for parks or recreation -

A

PD#1216

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7
Q

A contract whereby real property is given as collateral to secure the performance or fulfilment of a principal obligation -

A

Real estate mortgage

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8
Q

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

Thirty percent (30%) of the gross area

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9
Q

This action may be removed by a Deed of Quit claim or court action

A

Cloud on title

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10
Q

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

One and a half storey

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11
Q

Which of the following is not included in a deed of registration?

A

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

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12
Q

An allocated lot in an industrial subdivision is referred to as -

A

Factory plot

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13
Q

It is a hold of one’s property by another as a security for a loan, before a court decision and others -

A

Lien

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14
Q

A notice of adverse claims annotated on the title can be cancelled after the expiration of 30 days after its annotation by -

A

Verified petition with the Register of Deeds

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15
Q

Refers to an imaginary lines of constant elevation or lines that indicates variation in land elevation -

A

Bearing

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16
Q

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

70% percent saleable and 30% non saleable

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17
Q

A governing law giving the quasi-judicial power of NHA to HLURB.

A

EO#648

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18
Q

In a contract of sale of a 3-storey building, the essential elements are cause, object being sold and -

A

Consideration for the property

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19
Q

A clause in a deed that limits the use of real estate is referred to as -

A

Deed with restriction

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20
Q

A law making HLURB as sole regulatory power in house & lot development. It is mandated to encourage greater participation of the private sector of the low-cost housing by liberalization of development standards, simplification of regulations and decentralization of licenses & permits.

A

EQ#90

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21
Q

A RE Broker’s complaint for non-payments of professional fee or commission by a developer shall be filed with -

A

Regular court

22
Q

A rule that states “Once the registered owner/developer has seemed the Certificate of Completion and has executed a Deed of Donation of road lots & open space, he/she shall be relieved of the obligation to maintain said property even if the LGU refuses to accept said donation”

A

Rule 4 Section 9 of PD#957

23
Q

A petition may be filed by one or more unit owners of condominium project when damage to the project has rendered one-half or more units untenantable and unit owners holding more than__percent interest in the common areas are opposed to repair or restoration of the project

A

30%

24
Q

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

A

12 months

25
Q

If a person seeks the registration of an invalid instrument, what shall the Register of Deeds do?

A

Register the document

26
Q

To comply with Section 18 of RA#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

Community mortgage program

27
Q

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 of the property. The period of redemption shall be-

A

4 years

28
Q

Under RA#6732. administrative reconstitution of lost or destroyed original copies of certificate of title may be availed of when the lost or destroyed certificates in the registry of deeds consist of at least -

A

10% of all titles in the registry

29
Q

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

A

3 years

30
Q

Section____under PD#957 that refers to Donation of Roads and Open Spaces to Local Government after completion of the project and that the developer may donate the roads and open spaces within the project to the City/Municipality where project is locateD. All such donations may not be converted for any other purpose without consent of HLURB& written conformity of the Home Owners Association (HOA) or in it absence, by the majority of the lots buyers.

A

section 31

31
Q

Title to condominium unit is vested to -

A

Owner of the condominium unit

32
Q

The mortgage of the owner after borrowing from a lending investor will have to be registered with -

A

Registrar of Deeds

33
Q

When the property is subject 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

Three months advance noticed is given to the lessee

34
Q

A lot was bought by Ms. Alonah Denamarca and in the documents it was indicated that the sales price of the transaction isPZ.OMfor 2.500 sqm but turned out to be 2.000 sqm only. What is a right of Alonah?

A

No right to reduction in price

35
Q

Which of the following is not included in the Master Deed provisions as to sharing schemes of common areas -

A

Sharing based on simple majority vote

36
Q

Total refund to buyer for developer’s failure to complete the development within the reglementary period is equivalent to:

A

100% of total payment less penalty interest plus legal interest

37
Q

An area characterized by the lack of utility systems or networks, especially water supply, roads and power.

A

Underdeveloped area

38
Q

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

A

Contract to sell

39
Q

Refers to an act in which an individual: a) appear in person before the notary public and present an instrumcnt/documcnt: 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 instrumcnt/documcnt.

A

Jurat

40
Q

It represents the capital expenditure in the formation and construction of a finished product -

A

cost

41
Q

A legal document executed by a lot owner and developer which may convert property into a condominium project and registering the same with the Register of deeds is known as -

A

Master Deed

42
Q

Refers to a right to develop the space above a piece of property, building or other structure -

A

Air Rights

43
Q

What is the minimum size of a right-of-way for minor roads in the economic and socialized housing project?

A

6 meters

44
Q

A map showing the terrain configuration of a parcel of land represented by contour lines.

A

Bearing

45
Q

A subdivision where there are 66 to 100 family lots per hectare is called a -

A

Socialized subdivision

46
Q

In case a buyer failed to pay after making 96 monthly instalment on a 10-year term purchase of a lot. the percentage of refund shall be -

A

65%

47
Q

Special power of attorney executed abroad must be authenticated by any of the following, except-

A

OWWA

48
Q

A certificate issued by HLURB that is proper only upon compliance with Section 4 of PD#957 and other similar provisions of the various rules. It vests legal status in a project such that its name may be changed only upon proper application and publication among other requirements.

A

LTS /
License to sell

49
Q

These are short straight lines drawn in the direction that water would take down the slopes

A

Hachures

50
Q

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

Property Manager

Professional Practice (5 decks)

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