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Pre-Board Exam > Professional Practice > Flashcards

Professional Practice Flashcards

Real Estate Broker Board Examination

1
Q

Placement of a residence relative to privacy, protection from traffic, exposure to sun, and prevailing winds, refers to:

A

Orientation

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2
Q

It is the proof of ownership of lands awarded to an agrarian reform beneficiary, which contains the restrictions and conditions for such ownership and must be registered in the Register of Deeds is the

A

Certificate of Land Ownership Award

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3
Q

It is a program of action into the 21st century for bringing the Earth into a sustainable future

A

Agenda 21

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3
Q

The term ecology originates from a Greek work, which means “house”. In real estate ecology, there are three relevant ecological aspects of green property, which are

A

Inhabitant, building, community

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4
Q

In which area of our region, the number of indigenous people is dominated? Their numbers representation signify that there we can find most untouched natural environment.

A

Mindanao

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5
Q

The indigenous Peoples Right act was enacted on Oct. 29,1997 to address marginalization and powerlessness of the Indigenous Cultural Communities, which is also R.A.:

A

R.A. 8371

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6
Q

Ecological succession is a fundamental concept in ecology, which refers to orderly changes in the composition of structure in: *

A

Ecological community

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7
Q

Tourism Act of 2009 * 0/1

A

RA 9593

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7
Q

In ecology it is an assemblage of population of different species interacting with one another: *

A

Community

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8
Q

These are the three types of environmentally critical projects:

A

Heavy industries, Resources Extractive industries, Infrastructure Projects

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9
Q

The natural process of change in response to the physical changes of an aging planet is called:

A

Evolution

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10
Q

Change from one classification or use of land to another

A

Land Reclassification

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11
Q

The sudden tearing away or removal of land by action of water overflowing over or through it.

A

Avulsion

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11
Q

A comprehensive plan to guide the long term physical development of a particular area

A

Master Plan

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12
Q

The hydrologic cycle is -

A

The transformation of water into different forms and incidences as part of nature;

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13
Q

_ _ are organisms that cannot make their own food and must feed on other organisms. -

A

Heterotrophs

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14
Q

A water quality measurement often applied to treated sewage which measures the amount of oxygen required to dissolve and decompose organic matter is -

A

Biological oxygen demand

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14
Q

A depression or hole opened by sand or soil erosion caused by poor drainage. Common after a lot of rain, especially in heavily paved areas -

A

Sinks

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15
Q

_________________are interbreeding groups of individuals of the same species, generally living in the same contiguous habitat.

A

Population

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16
Q

Elements of comparison are

A

The characteristics that cause the prices paid for real estate to vary

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17
Q

What two components comprise effective demand?

A

Desire and purchasing power

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18
Q

A mark made on monument having a known location and elevation, serving as a reference point for surveying is called

A

Benchmark

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18
Q

When data are available, this approach to value is the most direct and systematic approach to estimating value: *

A

Sales Comparison Approach

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18
Q

A land survey always uses a reference point. It could be:

A

Bureau of Lands Location Monument

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19
Q

A vacant lot is rented for a car display for P24.000.00 a month. The interest rate applicable to this type of property is 8%. Compute the value of the property by the income approach.

A

P3,600,000.00

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20
Q

What is the survey symbol for Private Survey by Private Land Surveyor?

A

Psu

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20
Q

It provides for an automatic repeal of the entire or sections of the law once a specific date is reached

A

Sunset Clause

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21
Q

An angle between a reference meridian and the line of direction is -

A

Bearing

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22
Q

Under the local government code, cities and municipalities must conduct a review and update of their Comprehensive land use plans at least once every - *

A

5 years

23
Q

The right to Passover a piece of property or to have pipes , electric lines or the like, to go across over it.

A

Right of Way

24
Q

Under the revised balanced socialized housing requirement, how many percent of the subdivision areas should be allocated for socialized housing?

A

15%

24
Q

Alternative modes for compliance of the balanced housing requirement are the following, except -

A

Construction of roads and streets in the province where the project is located

25
Q

Unless specified or previously approved by DHSUD the compliance project approved by the DHSUD for the balanced housing requirement must be completed within -

A

1 year

25
Q

Alternative modes of compliance of the balanced housing requirement shall be based on providing a compliance project computed on the basis of -

A

Project cost of the main subdivision project

26
Q

Philippine Statistics Authority (PSA) chief and National Statistician Dennis Mapa said the country’s nominal GDP for full-year 2021 was estimated at _

A

PHP19.387 trillion

27
Q

Philippine housing backlog

A

6.8 million units

27
Q

Which of the following is not a governmental force?

A

Development of a new subdivision by a local builder

28
Q

The importance of EIA as a tool that measures allocation and utilization in terms of cost associated with:

A

Environmental Conservation

29
Q

The Philippine economy falls under the classification of a -

A

Free Market economy

29
Q

Measures the length of time to recover, the original investments from the expected cash flows *

A

Payback period

29
Q

A series of equal or nearly equal periodic payments or receipts is referred to as_______________

A

Annuity

30
Q

The measure of economic growth used by government for planning purposes -

A

Gross National Product

31
Q

It is a privilege given to the buyer by the property owner to exercise a preferential right to buy the property for a sale within a certain period of time at fixed price.

A

Option

32
Q

An agent representing both the Seller and the Buyer would be practicing: *

A

Dual Agency

33
Q

The authority of the Broker to negotiate the sale, lease, purchase, mortgage or exchange of real property for a fee and under certain terms and conditions within a specific period of time is known as:

A

Listing

34
Q

This is a cooperative arrangement among real estate brokers whereby properties for sale is circularized to others.

A

Multiple listing

34
Q

It refers to a part of the purchase price advanced by the Buyer to the Seller as a token of good faith for a perfection of the contract.

A

Earnest money

35
Q

An “Exclusive Right to Sell” listing means that -

A

The broker is the only broker authorized to negotiate and be entitled to all sales

35
Q

Elon Musk’s _ _ is in talks with two Philippine telcos to launch its ultrafast satellite internet

A

Starlink

36
Q

The act of uniting or amalgamation of two or more existing corporations by another which survives and continues to combine business is called___________?

A

Consolidation

36
Q

A geographic coordinate that specifies the north-south position of a point on the Earth’s surface

A

Latitude

37
Q

If a broker engaged by the seller of a property is not paid his commission by the seller, he shall have the right to -

A

File a case in court

38
Q

Which of the following is not an economic characteristic of real estate?

A

Indestructibility

39
Q

The demand for affordable housing units is best attributable to -

A

Immovability

40
Q

To sustain its stable demand, the low-mid housing sector’s concern is reflected in____

A

Employment

41
Q

The program used for buying real estate on credit which involves banking institutions -

A

Mortgage purchase

42
Q

The primary financial institution which issues bonds to be used by government to fund land reform -

A

Land Bank

43
Q

The government institution which is in charge of approving development permits for subdivisions -

A

LGU

44
Q

“The relationship of the thing desired to potential purchaser…” is a definition of:

A

VALUE

44
Q

An example of an economic gain that is realized on an investment in real property, received in installments over a prescribed period of time, would be:

A

RENT

45
Q

What is the country’s fastest growing business district?

A

Bay Area

46
Q

A subdivision development is a local community that is also referred as

A

Planned community

47
Q

REITs in PH raise in 2 years

A

P76 billion

48
Q

Land predominantly covered with dipterocap, pine mangrove or industrial trees used either for timber production, water and soil conservation and wildlife refuge:

A

FOREST

49
Q

A type of survey conducted on a property to relocate the boundaries and monuments.Through a________________, it could be established whether there was an increase or decrease in area as appearing on the title.

A

Relocation Survey

50
Q

The orderly process of community development that involves changes in species structure and community processes with time is known as:

A

Ecological Succession

50
Q

One Vara is equivalent to _______

A

33 1/3 inches

51
Q

The way in which a structure is placed on a lot in relation to other structures in the same area is called__________.

A

CONFORMITY

52
Q

An appraisal for the price that a property would sell for based on quick sales would be estimating what type of value?

A

Liquidation Value

53
Q

The schedule of Zonal Valuation used in the computation of Capital Gains Tax is prepared by:

A

The Bureau of Internal Revenue

54
Q

In using the cost approach to appraising, the appraisal value will be based on

A

The cost of new improvement at current prices

55
Q

The inherent value of a thing is called :

A

Intrinsic Value

Pre-Board Exam (3 decks)

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