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THE REAL ESTATE BROKER’S EXAMINATION > Professional Practice - Set 2 (200 Pts) > Flashcards

Professional Practice - Set 2 (200 Pts) Flashcards

1
Q

Using compass bearings to describe the direction of the property’s boundary lines, how many degrees is a circle?

A.180
B.360
C.45
D.90

A

B.360

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2
Q

Which of the following is not a method of measuring distance?
A. Electronic distance measurement
B. Tracing
C. Taping
D. Adding the data from the lot plan

A

D. Adding the data from the lot plan

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3
Q

The legal purposes of zoning restriction is to:

A. Keep all types of commercial property out of residential neighborhoods
B. Keep the land in every area as similar as possible
C. Preserve or protect public health, safety,
morals, or general welfare
D. None of the above

A

C. Preserve or protect public health, safety,
morals, or general welfare

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4
Q

Placement of a residence relative to privacy, protection from traffic, exposure to sun, and prevailing winds, refers to:
A. Elevation
B. Plottage
C. Orientation
D. Topography

A

C. Orientation

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5
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 Accreditation
B. Comprehensive Land Ownership Award
C. Certificate of Land Ownership Award
D. Deed of Restrictions on Land Award

A

C. Certificate of Land Ownership Award

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6
Q

The scientific study of the relationships that living organisms have with each other and with their natural environment is:

A. Biodiversity
B. Biosphere
C. Ecology
D. Ecosystem

A

C. Ecology

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7
Q

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

A. Agenda 21
B. LEED
C. PD 1586
D. LLDA

A

A. Agenda 21

Agenda 21 is a comprehensive plan of action to be taken globally, nationally, and locally by organizations of the United Nations System, Governments, and Major Groups in every area in which human impacts the environment.

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8
Q

It is a mutually beneficial relationship involving continuous, intimate contact between interacting species:

A. Entropy
B. Diversity
C. Food Chain
D. Symbiosis

A

D. Symbiosis

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9
Q

The total dry weight of all organisms at a given trophic level of an ecosystem is:

A. Biomass
B. Ecology
C. Lithosphere
D. Heterotrophic

A

A. Biomass

  • key is weight “mass”
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10
Q

The division of a community into zones or districts (e.g. commercial, residential, industrial, institutional, etc.) according to the present potential uses of land to maximize, regulate, and direct their use and development according to the CLUP is:

A. Zoning
B. Framework Planning
C. Site Delineation
D. Surveying

A

A. Zoning

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11
Q

A duly authenticated map defining divisions of different planned land uses and regulations of land into zones in a city/municipality is:

A. Topographic Map
B. Subdivision Map
C. Zoning Map
D. Aerial Map

A

C. Zoning Map

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12
Q

An area within a city or municipality intended primarily for integrated farm operations and related product processing activities is:

A. Agro-industrial
B. Forest
C. Institutional
D. Residential

A

A. Agro-industrial

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13
Q

This refers to the document embodying specific proposals for guiding, and regulating the growth and development of a city or municipality:

A. CLUP
B. LEED
C. LAD
D. CURB

A

A. CLUP

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14
Q

An area within a city or municipality for trading/services/business purposes is:

A. Commercial
B. Industrial
C. Residential
D. Institutional

A

A. Commercial

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15
Q

It indicates variation in land elevation:

A. Dotted lines
B. Contour Lines
C. Tie Lines
D. Reference Lines

A

B. Contour Lines

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16
Q

The Aeta of Negros Occidental, Iloilo, Antique, and Capiz; the Magahat of Negros Oriental and the Corolano are inhabitants of:

A. Region 5
B. Region 6
C. Region 9
D. Region 10

A

C. Region 9

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17
Q

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

A. Population, community, ecosystem
B. Inhabitant, building, community
C. Inhabitant, building, ecosystem
D. Population, community, organism

A

B. Inhabitant, building, community

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18
Q

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

A. Luzon
B. Visayas
C. Mindanao
D. NCR

A

C. Mindanao

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19
Q

You can find the Badjaos and Subanons in Zamboanga de Sur and Sibugay of:

A. Region 7
B. Region 8
C. Region 9
D. Region 10

A

C. Region 9

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20
Q

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

A. R.A. 8371
B. R.A. 8372
C. R.A. 8731
D. R.A. 8732

A

A. R.A. 8371

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21
Q

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

A. Planned community
B. Ecological community
C. Orderly community
D. Sustainable community

A

B. Ecological community

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22
Q

Tourism Act of 2009:

A. RA 9395
B. RA 10912
C. RA 10921
D. RA 9593

A

D. RA 9593

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23
Q

In ecology, it is an assemblage of populations of different species interacting with one another:

A. Ecosystem
B. Community
C. Building
D. Inhabitant

A

B. Community

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24
Q

The three structural non-living components of an ecosystem are:

A. Inorganic substances, organic compounds, climate regimes
B. Producers, consumers, decomposers
C. Producers, decomposers, climate regimes
D. Inorganic substances, organic compounds, decomposers

A

A. Inorganic substances, organic compounds, climate regimes

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25
Q

Functional components of an ecosystem are:

A. Food chain, energy flow, diversity
B. Energy flow, diversity, community
C. Energy flow, community, food chain
D. Food chain, energy flow, community

A

A. Food chain, energy flow, diversity

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26
Q

These are the three types of environmentally critical projects:

A. Heavy industries, Resources Extractive industries, Infrastructure Projects
B. Heavy Equipment, Heavy industries, Resource Extractive Industries
C. Industrial projects, Infrastructure projects, Agricultural projects
D. Reserve Parks, National Parks, Theme Parks

A

A. Heavy industries, Resources Extractive industries, Infrastructure Projects

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27
Q

Indigenous people like the Aeta of Zambales and Tarlac, Dumagat, and Remontado of Aurora are found in:

A. CAR
B. Region 1
C. Region 2
D. Region 3

A

D. Region 3

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28
Q

., _____ organisms that use energy from the sun or energy stored in chemical compounds to make their nutrients/food:

A. Autotrophs
B. Heterotrophs
C. Herbivores
D. Omnivores

A

A. Autotrophs

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29
Q

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

A. Evolution
B. Ecological Succession
C. Ecological Succession
D. Biochemical Cycles

A

A. Evolution

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30
Q

The following are environmentally critical projects except:

A. Smelting plants
B. Extraction of mangrove products
C. Grazing
D. Tree planting

A

D. Tree planting

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31
Q

An international treaty that extended the 1992 United Nations Framework Convention on Climate Change that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that global warming is occurring and that human-made CO2 emissions are driving it:

A. Kyoto Protocol
B. Agenda 21
C. Treaty of Paris
D. Writ of Kalikasan

A

A. Kyoto Protocol

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32
Q

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

A. Avulsion
B. Alluvium
C. Accretion
D. Accession

A

A. Avulsion

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33
Q

Kind of surveying in which photographs are used to determine a configuration of land made and natural features.

A. Photogrammetry Survey
B. Construction Survey
C. Boundary Survey
D. Geographic Positioning System

A

A. Photogrammetry Survey

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34
Q

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

A. Site Plan
B. Master Plan
C. Survey Plan
D. Location Plan

A

B. Master Plan

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35
Q

Change from one classification or use of land to another:

A. Infiltration
B. Land Reclassification
C. Avulsion
D. Servient Estate

A

B. Land Reclassification

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36
Q

Loss in value of property because of external influence:

A. Economic Obsolescence
B. Depreciation
C. Infiltration
D. Indefeasible

A

A. Economic Obsolescence

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37
Q

The exercise of police power by the municipality or city in regulating and controlling the character and use of property:

A. Variance
B. Syndicate
C. Zoning Ordinance
D. Reversion

A

C. Zoning Ordinance

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38
Q

The hydrologic cycle is:

A. Perennial flooding caused by excessive rainfall
B. The transformation of water into different forms and incidences as part of nature
C. The alternating sequence or series of climate changes consisting of typhoons and droughts
D. The study of oceans, rivers, and streams

A

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

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39
Q

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

A. Autotrophs
B. Heterotrophs
C. Herbivores
D. Omnivores

A

B. Heterotrophs

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40
Q

A community of living and non-living things that work together.

A. Environment
B. Rainforest
C. Ecosystem
D. Habitat

A

C. Ecosystem

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41
Q

What does photosynthesis refer to?

A. Sensitivity of certain plants to sunlight
B. The conversion of carbon dioxide into oxygen
C. The chemical process in nature which depends upon sunlight
D. None of the above

A

C. The chemical process in nature which depends upon sunlight

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42
Q

Which of the following is not considered environmentally critical and does not require an Environmental Impact Statement from DENR?

A. Heavy industries such as metal, petrochemical industries
B. Resource extraction such as mining, logging, fishponds;
C. Infrastructure projects such as major dams, roads, reclamation
D. Farming project

A

D. Farming project

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43
Q

What is the “Greenhouse Effect”?

A. The gradual warming of the earth because solar radiation is trapped by growing quantities of unwanted gases as it tries to leave the planet

B. The transformation of water in the biosphere from ocean water evaporation to clouds, rain, groundwater and runoff, until its return to the oceans

C. The propagation and farming of new kinds of food, plants, and other flora within semi-enclosed structures

D. None of the above

A

A. The gradual warming of the earth because solar radiation is trapped by growing quantities of unwanted gases as it tries to leave the planet

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44
Q

What is a form of small-scale agriculture that produces yields without introducing artificial fertilizers or pesticides commonly known as?

A. Greenhouse farming
B. Organic farming
C. Cottage industry
D. Agri-business

A

B. Organic farming

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45
Q

What is an oxygen molecule that, in its gaseous state, screens ultraviolet radiation?

A. Oxygen vapor
B. Ozone
C. Clouds
D. Water

A

B. Ozone

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46
Q

What is the scale to measure alkalinity or acidity?

A. Biological oxygen demand
B. Acidosis
C. Potential hydrogen
D. Fertility level

A

C. Potential hydrogen

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47
Q

Which of the following environmental calamities is not a direct outcome of human settlements?

A. Fire
B. Flooding
C. Pollution
D. Earthquakes

A

D. Earthquakes

48
Q

What is 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. Cracks
B. Quicksand
C. Sinks
D. Canals

A

C. Sinks

49
Q

What is a water quality measurement often applied to treated sewage that measures the amount of oxygen required to dissolve and decompose organic matter?

A. Oxidation
B. Biological oxygen demand
C. Organic oxygen
D. Dissolved oxygen level

A

B. Biological oxygen demand

50
Q

What are interbreeding groups of individuals of the same species, generally living in the same contiguous habitat called?

A. Ecological Communities
B. Population
C. Biodiversity
D. Biosphere

A

B. Population

51
Q

What states that the property’s market value is based on the investor’s expectation of a future event?

A. Speculative Marketing
B. Principle of Anticipation
C. Economic Projection
D. Principle of Competition

A

B. Principle of Anticipation

52
Q

What are the elements of comparison?

A. Items that represent the bottom-line price after all of the adjustments
B. A weatherman’s comparison report
C. Items that represent a breakdown of the price based on a significant variable
D. The characteristics that cause the prices paid for real estate to vary

A

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

53
Q

What is the percentage of a property’s market value or appraisal that a lender is willing to loan with only the property as security or collateral?

A. Fair Market Value
B. Loan Value
C. Price Value
D. None of the above

A

B. Loan Value

54
Q

What states that a prudent buyer will pay no more for a property than the cost substitute or comparable property that will provide equivalent usefulness?

A. Principle of Substitution
B. Marketing Principle
C. Principle of Highest and Best Use
D. Speculative Marketing

A

A. Principle of Substitution

55
Q

Which of the following factors does not add value to a property?

A. Adequate value knowledge on the part of the buyer
B. Ability to pay utility
C. Supply and demand
D. Functional obsolescence

A

D. Functional obsolescence

56
Q

Which of the following factors does not affect the quality of appraisal?

A. Competence and integrity of the appraiser
B. Availability of the pertinent data
C. Intimidation by prominent clients
D. Soundness of the procedure used in the appraisal

A

C. Intimidation by prominent clients

57
Q

What two components make up effective demand?

A. Cost and value
B. Desire and purchasing power
C. Desire and need
D. Desire and satisfaction

A

B. Desire and purchasing power

58
Q

Which approach to value is the most direct and systematic when data are available?

A. Abstraction
B. Allocation
C. Cost approach
D. Sales comparison approach

A

D. Sales comparison approach

59
Q

Which type of economy involves the private sector and government performing equal roles in economic decision-making with competition and regulation?

A. Capitalism
B. Socialism
C. Mixed capitalism
D. Mixed socialism

A

C. Mixed capitalism

60
Q

What is the theory called that suggests each incremental item becomes less expensive as the volume increases?

A. Efficiency
B. Economies of scale
C. Profit
D. Marginal

A

B. Economies of scale

61
Q

What is the process called for determining the value of a property as of a specific date for a specific purpose?

A. Estimation
B. Costing
C. Approaches
D. Appraisal

A

D. Appraisal

62
Q

What is the term for a mark made on a monument with a known location and elevation, serving as a reference point for surveying?

A. Benchmark
B. Conditional line
C. Bearing
D. Baseline

A

A. Benchmark

63
Q

How many major dialects are there in the Philippines?

A.2
B.4
C.8
D. 10

A

C.8

64
Q

What is the reference point used in land surveying?

A. Bureau of Lands Location Monument
B. Bureau of Lands Barrio Monument
C. City Boundary Monument
D. Provincial Boundary Monument

A

A. Bureau of Lands Location Monument

65
Q

A vacant lot is rented for a car display at P24,000.00 per month with an 8% interest rate applicable to this type of property. What is the value of the property by the income approach?

A. P2,400,000.00
B. P2,600,000.00
C. P2,800,000.00
D. P3,600,000.00

A

D. P3,600,000.00
Value = 24,000 * 12 mos Value = 288, 000 / 8% Value = 3,600,000

66
Q

What is the term for a grid of north and south (meridians), and east and west (parallels) lines surveyed by the government in identifying Philippine boundaries?

A. Metes and bounds
B. Cardinal direction
C. Rectangular survey
D. None of the above

A

C. Rectangular survey

Key - Survey

67
Q

What are the lines on a topographic plan that indicate the elevation of the land at various sections?

A. Cul-de-sac
B. Setback
C. Roads
D. Contour lines

A

D. Contour lines

Key - Lines

68
Q

What is the term for land located in the fringes of built-up communities that has the provincial characteristic but is favored with the metropolis utilities, facilities, and amenities?

A. Urban land
B. Rurban land
C. Rural land
D. Urbanizable land

A

D. Urbanizable land

69
Q

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

A. Land assembly
B. Repealing clause
C. Habendum clause
D. Sunset clause

A

D. Sunset clause

70
Q

Urbanizable areas refer to sites that, considering present characteristics and prevailing conditions, display marked and great potential of becoming urban areas within the period.

A. 2 years
b. 3 years
c. 5 years
d. 10 years

A

c. 5 years

71
Q

The art of determining the position of points on or near the earth’s surface by the elements in space, namely distance, direction, and elevation is?

A. Surveying
B. Appraisal
C. Valuation
D. Construction

A

A. Surveying

72
Q

What is the survey symbol for Municipal reservation?

A. Mr
B. MIL
C. Msc
D. Msi

A

A. Mr - Municipal Reservation

73
Q

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

A. Psm
B. Psp
C. Psu
D. Psr

A

C. Psu - Primary Sampling Units

74
Q

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

A. Bearing
B. Scale
C. Cardinal Direction
D. Boundary

A

A. Bearing

75
Q

________ is a written notice wherein the landowner is formally notified by DAR that his/her landholding is to be placed under the coverage of the Comprehensive Agrarian Reform Program.

A. land Title
B. Notice of Coverage
C. Indigenous Land Title
D. Native Land Accreditation

A

B. Notice of Coverage

75
Q

The name of the plan that shows the different uses of land in a city is the -

A. City map
B. Master plan
C. Comprehensive land use plan
D. Vicinity map

A

C. Comprehensive land use plan

76
Q

The act of dividing the community into districts and regulating within such districts the use of land, height and areas of buildings. *

A. Zoning
B. Land use
C. Land type
D. Category of use

A
77
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.3years
B.5years
C.2years
D.10years

A

A. 3 years

78
Q

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

A. Building Line
B. Right of Way
C. Easement
D. Set back

A
79
Q

What is the required minimum size of a parking stall?

A. 2.0m x 5.0m
B. 2.5m x 5.0m
C. 2.5mx 6.0m
D. 3.0mx5.0m

A

B. 2.5m x 5.0m

(2.5 x 5 = 12.5)

80
Q

Under the building code, how many parking stalls is the minimum required for a condo building with studio units that are 18 sq.m, in size?

A.One for everyunit
B.One per 4units
C.One per 8units
D.One per 6 units

A

C.One per 8units

81
Q

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

A.10%
B.15%
C.20%
D.30%

A

B.15%

82
Q

A map that shows the location of the property, indicating known landmarks such as a church, bridge, school, commercial establishment, and some of the roadways leading to the property

A. Vicinity Map
B. Lot Plan
C. Treasure Map
D. Contour Map

A

A. Vicinity Map

83
Q

The required areas to be allocated for socialized housing must be –

A. Within the primary subdivision itself
B. Within 1 km from the primary subdivision project
C. Within the local community
D. Anywhere in the Philippines

A

D. Anywhere in the Philippines

84
Q

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

A. Development of new settlements for socialized housing thru JV with other accredited developers
B. Contribution to new socialized housing projects of NGOs
C. Development of educational facilities, health facilities, etc. for socialized housing projects
D. Construction of roads and streets in the province where the project is
located

A

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

85
Q

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

A. Gross area of the primary subdivision project
B. Project cost of the main subdivision project
C. Gross area and project cost
D. None of the above

A

B. Project cost of the main subdivision project

86
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
B. 2 years
C. same time as the main project
D. none of the above

A

A. 1 year

87
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
B. PHP19.518 trillion
C. PHP18.915 trillion
D. None of the above

A

A. PHP19.387 trillion

88
Q

The term “socialized housing” includes the following, except for:

A. Houses and lots for the underprivileged
B. Site development and utilities for resettlement areas
C. Liberal financing terms and benefits for housing of the underprivileged
D. None of the above

A

D. None of the above

89
Q

Philippine housing backlog (2021):

A. 777,879 units
B. 22 million units
C. 8 million units
D. 1.2 million units
E. 6.8 million units

A

E. 6.8 million units

90
Q

Which of the following better represents the economic characteristics of real estate?

A. Scarcity, availability of land, uniqueness of land
B. Land is immobile, indestructible, unique, immobile
C. Land is scarce and limited, land is unique and immobile
D. Scarcity, improvements, permanence of investment and area preference

A

D. Scarcity, improvements, permanence of investment and area preference

91
Q

Which of the following is not a governmental force?

A. Development of a new subdivision by a local builder
B. Sales tax increase for a certain area
C. A hotel occupancy tax
D. Development of a new city sports center

A

A. Development of a new subdivision by a local builder

92
Q

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

A. Environmental preservation
B. Environmental degradation
C. Environmental conservation
D. Environmental awareness

A

C. Environmental conservation

93
Q

Measures the length of time to recover, the original investments from the expected cash flows:
A. Recapture period
B. Payback period
C. Return on investment
D. Return of investment

A

B. Payback period

94
Q

The fundamental economic principle underlying the sales comparison approach to value is known as:

A. Anticipation
B. Conformity
C. Highest and best use
D. Substitution

A

D. Substitution

95
Q

The most important uses of money in the economy is:

A. As a store of value
B. As medium of exchange
C. As a standard of value
D. As a measure of wealth

A

B. As medium of exchange

96
Q

The real estate economy is composed of a market with the following participants, except for:

A. Owners of private land
B. Government agencies in charge of aerial transportation
C. Developers of subdivisions and condominiums
D. Buyers of lots and condos

A

B. Government agencies in charge of aerial transportation

97
Q

The Philippine economy falls under the classification of a:

A. Socialist economy
B. Free Market economy
C. Communist economy
D. None of the above

A

B. Free Market economy

98
Q

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

A. Annuity
B. Term
C. Installment
D. Amortization

A

D. Amortization

99
Q

The measure of economic growth used by the government for planning purposes:

A. Stock Index
B. Monetary volume
C. Gross National Product
D. Exchange rate

A

C. Gross National Product

99
Q

It is a kind of listing wherein only one broker is authorized to negotiate:

A. Multiple Listing
B. Listing
C. Exclusive Listing
D. Open Listing

A

C. Exclusive Listing

100
Q

Refers to a kind of listing wherein two or more brokers are authorized to negotiate the sale:

A. Multiple Listing
B. Net Listing
C. Exclusive Listing
D. Open Listing

A

D. Open Listing

101
Q

What is the real estate listing?

A. A list of brokers and salespersons
B. A list of property held by an owner
C. The employment of a broker by an owner to sell or lease
D. A written list of improvements on land

A

C. The employment of a broker by an owner to sell or lease

102
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 a fixed price.

A. Earnest money
B. Option money
C. Down payment
D. Option

A

B. Option money

103
Q

An agreement where the authorized broker allows the cooperating broker to sell the property with stipulation on the sharing of commission is referred to as:

A. Authority to Sell
B. Contract to Sell
C. Extension of Authority
D. Exclusive Authority

A

C. Extension of Authority

104
Q

The act of the Broker which is instrumental in effecting the meeting of the minds between the seller and the buyer of the real property as to price and terms and one of the requisites for a broker to be entitled to a commission is referred to as:

A. Escalation Clause
B. Grandfather’s Clause
C. Judicial Cause
D. Procuring Cause

A

D. Procuring Cause

105
Q

A natural or juridical person who has both the qualification and capacity to buy real properties is called as a:

A. Buyer
B. Seller
C. Prospect
D. Customer

A

C. Prospect

106
Q

A real estate broker takes a listing to sell someone’s house. What is the relationship between the Broker and the Seller?

A. Agent - Principal
B. Client - Customer
C. Agent - Customer
D. Principal - Customer

A

A. Agent - Principal

107
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. Contract of Sale
B. Authority to Sell
C. Contract to Sell
D. Authority of Sale

A

B. Authority to Sell

108
Q

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

A. Single Agency
B. Dual Agency
C. Exclusive Agency
D. Open Agency

A

B. Dual Agency

109
Q

BPO population in the Philippines: (2021)

A. 1.2 million
B. 1.3 million
C. 1.4 milllion
D. 1-9 million

A

B. 1.3 million

110
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. Authority to Sell
B. Contract to Sell
C. Deed of Absolute Sale
D. Listing

A

A. Authority to Sell

111
Q

A sign giving notice of a property for sale or lease should not be placed on a property by more than one broker unless:

A. The sign is placed at least one meter way from the other sign
B. The sign should be of the same size as the other signs
C. Authorized by the owner
D. It should not exceed three signs on the property

A

C. Authorized by the owner

112
Q

To whom does an agent always owe her fiduciary responsibility?

A. Broker
B. Seller
C. Buyer
D. Principal

A

D. Principal

113
Q

The broker’s responsibility to the owner of real estate property is regulated by:

A. The law of equity
B. The law of agency
C. The law of property
D. Lina Law

A

B. The law of agency

114
Q

The kind of listing whereby the listing broker is not entitled to a commission in case the property owner negotiates the sale of the property. The property owner can sell the property himself and not oblige to pay the broker’s commission.

A. Multiple listing
B. Net listing
C. Exclusive Agency
D. Open listing

A

C. Exclusive Agency

115
Q

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

A. Earnest money
B. Option money
C. Down payment
D. Option

A

A. Earnest money

THE REAL ESTATE BROKER’S EXAMINATION (44 decks)

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