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Real Estate Brokers Exam > Names, Dates, Numbers, Others > Flashcards

Names, Dates, Numbers, Others Flashcards

1
Q

As exemptions to the general rule of right to own, alien acquisition is allowed before?

A

1935 Constitution

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2
Q

The family code that now governs the property between married couple after the New Civil Code, became effective last?

A

August 3, 1988

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3
Q

This principle state that the citizenship of a person be based on the location of birth of person

A

Jus Soli

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4
Q

Before RESA, the code of Ethics under DTI was referred to as

A

National Code of Ethics for the Realty Estate Service Practice

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5
Q

Effectivity of the Real Estate Service Act of the Philippines

A

July 30, 2009

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6
Q

Which section in RESA, IRR refers to the “prohibition against unauthorized practice of Real Estate”

A

Section 29

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7
Q

Which section in RESA, IRR refers to the “Registration without Examination”

A

Section 20

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8
Q

If a real estate broker failed to renew his license before the effectivity of RESA, the broker is required to take CPE points of

A

24 CPE Points

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9
Q

The bachelor’s degree adopted in coordination with the CHED for real estate service under RESA, is called

A

Bachelor of Science in Real Estate Management

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10
Q

Which section in RESA, IRR refers to the “Accreditation and integration of Real Estate Service Association”

A

Section 34

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11
Q

Which section in RESA, IRR refers to the “Supervision of Real estate Salesperson”

A

Section 31

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12
Q

Which section in RESA, IRR reveres to the “Continuing professional Education (CPE) Program

A

Section 36

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13
Q

The various regulatory boards under PRC are grouped into an association referred to as

A

PAPRB (Philippine Association of Professional Regulatory Board)

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14
Q

The taxation on ownership of real property by a person is governed by

A

Local government code of 1991

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15
Q

Surcharge for the late payment of Capital Gains Tax on the sale of house and lot

A

1.5% ?

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16
Q

A person who failed to fully utilize the proceeds of the sale of his principal residence shall be assessed additional deficiency capital gains tax, interest, and interest of

A

25%

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17
Q

Under PD 957, section number of “HLURB License to Sell issuances”

A

Section 5

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18
Q

The approval of the following has already been devolved to the local government unit from the HLURB

A

Approval of Subdivision Plan

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19
Q

Under PD 957, the developer which tends to develop a subdivision must first obtain the following from HLURB

A

Certificate of Registration

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20
Q

Under PD 957, which section states the non-forfeiture of the payments, when the buyer after du notice to the developer, desists from further payment due to the failure of the developer to develop the condominium or subdivision project according to the approved plans?

A

Section 23

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21
Q

Developer may publish advertisement of their project even without license to sell provided that

A

It is for announcement purposes only

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22
Q

Under Pd 957, section of “take-over development” is

A

Section 35

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23
Q

In case the buyer would like to refund his payment for non-completion of project within completion date, the refund shall be:

A

100% Refund - Delinquency Interest (penalties) + Interest at Legal Rate
(Total amount paid + amortization interest)

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24
Q

The ceiling amount for socialized housing consisting of house and lot, is:

A

Php 450, 000.00

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25
Q

Under PD 957, section # of “Donations of Open Space” to LGU is

A

Section 31

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26
Q

Under Pd 957, The performance bond required from a developer shall be made payable to

A

Republic of the Philippines

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27
Q

The board of the association may be dissolved through a process of

A

Signed petition of at least 2/3 (75%) of the association members

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28
Q

The HLURB standard color theme for Industrial Land Use

A

Violet

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29
Q

The governing law for protection of buyers who are buying residential condominiums units on installment basis is referred to as

A

Subdivision and Condominium Buyer’s Protective Decree

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30
Q

The condominium corporation may be dissolved by a general or special meeting duly called for the purpose, by affirmative vote of

A

All the members of the condominium corporation

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31
Q

Under the REIT Law, the “Constitutive Document” means

A

Articles of Incorporation of the REIT

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32
Q

For a farm lot subdivision, the minimum Lot area for a farm lot is

A

1, 000 sqm.

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33
Q

(PERA) “Personal Equity and Retirement Account Act of 2008” an act establishing Personal Savings Plan is

A

RA 9505

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34
Q

The rights of the buyer of a condominium unit, when he fails to pay a monthly installment under the contract to sell , shall be governed by

A

RA 6552

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35
Q

The Fund Manager of the REIT must have a minimum paid-up capital of

A

Php. 10 million

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36
Q

Gas per HLURB rules and regulations, the minimum buildable area on a farm lot shall not exceed

A

25%

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37
Q

It means the placing of cremated remains in an ur. In a columbarium

A

Interment

38
Q

Per HLURB, administrative order 2, series of 1992, the minimum lot size of industrial estate is

A

500 sqm.

39
Q

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

A

Factory plot

40
Q

The master deed of a mixed use condominium would not include the following provision

A

Provision for maintenance and insurance

41
Q

Income payments to a REIT, for example rentals, shall be subject to a lower creditable withholding tax of

A

1%

42
Q

It referred to a person responsible for the allocation of the deposited property to the allowable investment outlets, and selection of income generating real state for the REIT

A

Fund Manager

43
Q

A partition be sale may be made, provided that damage or destruction to the project has rendered 1/2 or more of the units therein untenantable, and that condominium owners with common interest are opposed to repair is

A

More than 30% interest

44
Q

It is a Stock Corporation principally for the purpose of owning income-generating real estate assets, established under the corporation code of the Philippines and this promulgated by the commission

A

Real Estate Investment Trust (REIT)

45
Q

In order for the investor group to form a REIT, it must have a minimum paid-up capital of

A

Php. 300 million

46
Q

To be a valid contract of lease between the owner and the lessee, there must be

A

A meeting of minds between the owner and the lessee

47
Q

In case of an extra judicial foreclosure of a real estate mortgage, the property mortgaged shall be sold through

A

Public auction sale

48
Q

The following cannot acquire the property by purchase, because of fiduciary relationship

A

An agent under whose administration the property is entrusted

49
Q

The following sale of financial property are not covered by Maceda Law

A

Commercial lot, Industrial Lot, Sales to tenant under RA 384

50
Q

A contract of lease between the lessor and lessee must be duly notarized for the purpose of

A

Registration

51
Q

“Rental Reform Act of 2002”, an act establishing reforms in the regulation of rentals of certain residential units, providing the mechanisms therefore and for other purposes

A

RA 9161

52
Q

The law that provides a redemption period of foreclosed property of a corporation from a bank, for a maximum period of 3 months

A

General Banking Act (GBA)

53
Q

Under PD 957, section # of “Issuance of Title”

A

Section 25

54
Q

HLURB color scheme for Residential use

A

Yellow

55
Q

A 5-year lease over a house and lot was entered into by the partner, and to be valid, the same must be

A

With a meeting of minds

56
Q

In case the area on a purchase of lot turns out different from that stated in the contract, the buyer may rescind the sale provided that the lack in the area is at least

A

At least 10%

57
Q

The Rent Control Law (RA 9653), covers residential apartments and if located in the municipalities, it is covered if the rentals at the time of the effectivity of the law is

A

P 1.00 - 5, 000 / month

58
Q

In contact of lease, like a contract of sale, to be registered with the Registry of Property, it must be

A

In a public Instrument/ notarized

59
Q

A sale of property which is valid, but which may be annulled on ground such as vitiatio now of consent is classified as

A

Voidable

60
Q

A special power of attorney, under the law, will be required in the following instance

A

Lease of property for more than 1 year

61
Q

A memorandum of notice that the subject land is subject of a case for recovery which may be registered with the RD is

A

Notice of Lis Pendens

62
Q

Under PD 957, section # of “Time of Completion in dveloping a subdivision or condominium project” is

A

Section 20

63
Q

To cancel the lien, based on rule 74, any of the heirs may file

A

Verified Petition for Cancellation

64
Q

To show proof that the publication requirement for extrajudicial settlement has been done, the following document may be presented

A

Affidavit of publication by heir

65
Q

A corporation will sell its parcel of land in Cebu. The sale must be accompanied by the following for purposes of there son signing for the corporation

A

Corporate Secretary’s Certificate

66
Q

In case of loss or theft of an owner’s copy of title, the owner may undertake the following and file

A

Petition for issuance of duplicate owner’s certificate of title

67
Q

Original copies of certificates of title lost or destroyed in the office of RD, as well as liens and encumbrances affecting the lands covered by such titles, shall be judicially reconstituted through

A

The Regional Trial Court

68
Q

What is the program under which is the application through the state-of-the-art information technology

  • in line with LRA’s mission to preserve the stability and integrity of land ownership and maintain the rust and confidence of the public in the Torrens System
  • the LRA shall enable the quick and and secure registration of titles
A

(LTCP) Land Titling Computerization Project

69
Q

HLURB standard color theme for Parks on Open spaces

A

Yellow Green

70
Q

The form used for the issuance of the (TCT) transfer certificate of title is referred to as

A

Judicial form

71
Q

For the special power of attorney to be irrevocable the same must be

A

Coupled with an interest

72
Q

The government agency that exist for the sole purpose of implementing and protecting the Torrens system of land titling and registration

A

(LRA) Land Registration Authority

73
Q

Prior to the (PRD) Property Registration Decree, RA 1529, the law governing registration of title was

A

(LRA) Land Registration Act

74
Q

HLURB standard color scheme for commercial land use is

A

Orange

75
Q

A deed of absolute sale to be registered in RD must be in the of form of

A

Any sufficient form

76
Q

Originator of Torrens System

A

Sir Richard Torrens

77
Q

Realty Tax Due Date

A

In quarterly basis without interest

March 31, June 30, Sept. 30, Dec. 31

78
Q

Philippines recorded a 100 million population figure in

A

July 2014

79
Q

To loan under the Pagibig Financing to buy a residential lot, maximum size of purchase is

A

1000 sq.m.

80
Q

An index used in the Philippines is the multiplier effect of real estate which has been estimated in the following ratio

A

1 : 16.6

81
Q

An arrangement made with the dell per and PagIbig fund to guarantee the payment of monthly amortization by the borrower and failure of which within a certain period, the developer will buy back the contract to sell from PagIbig

A

CYS Buyback

82
Q

The rational approach of allocating available land resources as equitably as possible among competing user groups and for different functions

A

Land Use plan

83
Q

Referees to whose only real property of residential land does not exceed 800 sq.m. In other urban areas

A

Small property owners

84
Q

The program of NHA of upgrading and improving blighted squatter areas outside of metro Manila pursuant to existing statutes and pertinent issuances

A

SIRP (Slum Improvemnet and Resettlement Program)

85
Q

(HDMF) “Home Development Mutual Fund Law of 2009” or PagIbig

A

RA 9679

86
Q

The additional real estate tax may be imposed on urban lands under RA 7279, shall only be applied to lands with AV over

A

50, 000

87
Q

Penalty for violation of RA 7279

A

Fine: 5,000 - 100,000

88
Q

In a high density residential zone area, the number of dwelling units allowed would be

A

66 or > / Ha

89
Q

of dwelling units for Low a Density residential area

A
90
Q

Color of non-biodegradable solid waste container

A

Black

Real Estate Brokers Exam (3 decks)

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