Real Estate Economics & DHSUD

Question 1

An income producing property rents for Php 10,000 per month and the annual GRM( Gross Rent Multiplier is 7.0, what is the estimated value of the property?

Answer 1

840,000

Question 2

Alan bought a 1 Bedroom condominium property near SM City Cebu, the condo is being rented at a rate of P25,000 per month and computed to have an annual GRM of 6, If you are the appraiser, based on this information, how much do you think is the estimated market value of the property?

Answer 2

1,800,000

Question 3

Bong Joon Ho, a license appraiser, was hired to find the Gross Rent Multiplier of Studio Condominium Property in BacoloD. The market value is estimated at P3,800,000 with annual rent of P360,000. Compute the GRM.

Answer 3

10.55

Question 4

Statement 1: The higher the Gross Rent Multiplier the better. Statement 2: Gross Rent Multiplier should be based on monthly rent.

Answer 4

Both statements are true.

Question 5

Newlywed Matteo Guadalupe and Sarah Guadalupe, bought an apartment at Cembo Makati which consists of 4 units and could rent for P8,000 per month each. Annual maintenance and related expenses average P160,000, insurance and taxes P67,000, mortgage payments of P52,000. What is the Potential Gross Income?

Answer 5

384,000

Question 6

For the same property described in the previous question estimating vacancy and collection losses at 5% of gross income, what is the Net Operating Income?

Answer 6

105,000

Question 7

A leasehold interest is said to have when the contract rent is _____________________ market rent?

Answer 7

more than

Question 8

Contract rent exceeding market rent is called:

Answer 8

Excess rent

Question 9

What does a discount point do to the effective yield that a lender gets from a mortgage loan?

Answer 9

it raises it

Question 10

A mortgage lender requires a borrower to make monthly payments, in addition to the mortgage payments, to a special account to cover taxes and hazard insurance cost for the property. This type of account is commonly called

Answer 10

an impound account

Question 11

Which types of mortgage loan typically results in negative amortization?

Answer 11

graduated payment

Question 12

Whose signature must be on a deed to make it valid?

Answer 12

the grantor

Question 13

The reproduction cost of a building is P280,000. Accrued depreciation is estimated at P60,000. The estimated land value is P70,000. What is the estimated value of the property?

Answer 13

P290,000

Question 14

An act of creating the department of human settlements and urban development, defining its mandate, powers and functions, and appropriating funds therefor is the

Answer 14

Republic Act No. 11201

Question 15

Republic Act No. 11201 shall be known as the

Answer 15

Department of Human Settlements and Urban Development Act

Question 16

Refers to a project whose development has not been completed in accordance with the approved development plan despite the lapse of at least 10 years from target date of completion.

Answer 16

Abandoned subdivision or condominium

Question 17

It is a document formulated by the local government in consultation with its stakeholders, that defines or provides guidelines on the allocation, utilization, development and management of all lands within given territory or jurisdiction according to the inherent qualities of the land itself and supportive economic, demographic, socio-cultural and environmental objectives.

Answer 17

CLUP/ Comprehensive Land Use Plan

Question 18

These are the households living in a lot, whether private or public, without the consent of the property owner.

Answer 18

Informal Settler Families

Question 19

_____________ is the housing that is owned and/ or managed by the government for the purpose of providing housing to undeserved families.

Answer 19

Public Housing

Question 20

It refers to the process that involves the planning of diverse elements that comprise an urbanizing and urbanized area, including its physical infrastructure, environment, housing, transportation and management of land use and urban growth.

Answer 20

Urban Development Planning

Question 21

This department shall act as the primary national government entity responsible for the management of housing, human settlement and urban development.

Answer 21

Department of Human Settlements and Urban Development

Question 22

The adjudicatory function of the HLURB (Housing and Land Use Regulatory Board) is hereby transferred to what Commission?

Answer 22

Human Settlement Adjudication Commission

Question 23

Department of Human Settlements and Urban Development shall establish __________ in the regions, which shall centralize the processing ad issuance of all required housing-related permits, clearances and licenses in accordance with Executive Order No. 45, series of 2001.

Answer 23

Housing One-Stop Processing Centers