REBLEX 01 2023 / Mock-Up Exam 10 (97 pts) Flashcards
Which of these elements is inapplicable to the term - socioeconomic background –
a.
Climate
b.
Ethnic origin
c.
Religious background
d.
Educational level
a.
Climate
The rate of creditable withholding tax in the sale of real estate property classified as ordinary asset by an individual, estate, trust or corporation not habitually engaged in real estate business is:
a.
3%
b.
5%
c.
7%
d.
None of the above
d.
None of the above
Legally permissible, physically possible, financially feasible and maximally productive –
a.
Competition
b.
Highest and best use
c.
Supply and demand
d.
Principle of change
b.
Highest and best use
If the parcel of land planned for a residential subdivision is still agricultural, an application for conversion must first be obtained from –
a.
Local government unit
b.
Department of Public Works and Highways
c.
Department of Environment and Natural Resources
d.
Department of Agrarian Reform
d.
Department of Agrarian Reform
The financial computation which derives the present value of a single future sum -
a.
Compounding
b.
Annuity
c.
Discounting
d.
Present value of annuity
c.
Discounting
The DHSUD has the power to
a.
Own and administer government lands which have not been used for 10 years
b.
Expropriate private properties for socialized housing development
c.
Convert private agricultural lands into residential use
d.
Undertake cadastral survey of all alienable and disposable lands for housing purposes
a.
Own and administer government lands which have not been used for 10 years
The DHSUD has three bureaus. Which one is not a bureau in DHSUD? ,
a.
Land Titling and Computerization Bureau
b.
Environmental, Land Use and Urban Planning and Development Bureau
c.
Housing and Real Estate Development Regulation Bureau; and
d.
Homeowners Associations and Community Development Bureau.
a.
Land Titling and Computerization Bureau
Documentary stamp taxes on sales, agreements to sell, transfer of shares or certificates of shares is computed as follows
a.
PhP 1.50 per P 200 or fraction thereof (0.75%)
b.
Fixed at 2% of the consideration
c.
Php 40 for first P40,000, plus P20 for every additional P5,000
d.
Php 6 for the first P2,000 plus Php 2 for every additional P1,000
a.
PhP 1.50 per P 200 or fraction thereof (0.75%)
A condo rents for P30,000/month. Based on compiled statistics from private real estate research companies, the rental GIM in the locality is 10. What is the probable asking price for the property assuming that the Seller wants to sell at 5% over the probable market value in order to cover broker’s commission?
a.
3,600,000
b.
3,780,000
c.
3,790,000
d.
3,500,000
c.
3,790,000
The seller realized a 30% gross over his cost. If the property was sold at P1,950,000.00 the cost is –
a.
P1,365,000.00
b.
P1,500,000.00.
c.
P 1,560,000.00
d.
P 1,350,000.00
b.
P1,500,000.00.
The National Building Code ···
a.
PD 1216
b.
PD 1096
c.
PD 957
d.
BP 220
b.
PD 1096
The term “Investment” does not include –
a.
Capital of the owner
b.
Land
c.
Loan for the proposed project
d.
Managerial expertise
d.
Managerial expertise
Document issued by the DENR which shall exempt subdivision or condominium projects from providing a sewage treatment plant.
a.
DP
b.
COR
c.
ECC
d.
CNC
d.
CNC
Which of the following is not a common requirement for certificate of registration and license to sell between a residential subdivision project and a residential condominium project?
a.
Sworn registration statement
b.
Copies of the land titles
c.
Articles of incorporation and financial statement of applicant
d.
Master deed and declaration of restrictions
d.
Master deed and declaration of restrictions
The ARTA requires government agencies to create and publicize its
a.
Citizen’s Charter
b.
Permit Processing Guidelines
c.
Complaints dropbox
d.
Organization chart and hotline
a.
Citizen’s Charter
All the inter-related aspects in the society of a community that are affected by the economic situation –
a.
Socioeconomic factors
b.
Socioeconomic metrics
c.
Socioeconomic levels
d.
Socioeconomic classes
a.
Socioeconomic factors
The projected cash flows that should be considered in discounted cash flow analysis to determine profitability is/are the -
a.
All types of cash flows
b.
Cash flow from investing activities
c.
Cash flow from operating activities
d.
Cash flow from financing activities
c.
Cash flow from operating activities
A lot with 3 sides fronting streets.
a.
Key Lot
b.
Corner-Through Lot
c.
Corner Lot
d.
Flag Lot
a.
Key Lot
The agency of government that will review and approve the survey plan of the subdivision
a.
Local government unit
b.
DENR
c.
HLURB
d.
LMB
d.
LMB
The schedule of fair market value in municipalities in Metro Manila is prepared by:
a.
MMDA
b.
Sanggunian Bayan by ordinance
c.
Concerned municipal assessors.
d.
None of the above
c.
Concerned municipal assessors.
The specific document which provides for the management of a condominium project its authority, voting majorities, quorum, notices and other rules
a.
House rules
b.
Declaration of Restrictions
c.
Condo policies
d.
Master deed
b.
Declaration of Restrictions
An appraisal made for the purpose of determining a fair compensation for private property to be acquired for use of the government.
a.
Assessment appraisal
b.
Expropriation appraisal
c.
Foreclosure appraisal
d.
Zonal value appraisal
b.
Expropriation appraisal
The basic purpose for preparing a projected income statement is –
a.
To be able to undertake an IRR analysis
b.
To estimate the potential net taxable income the project will contribute to the company
c.
To use the information for NPV analysis
d.
To estimate the amount of debt needed
b.
To estimate the potential net taxable income the project will contribute to the company
The urban planning bureau of DHSUD is not in charge of the following function –.
a.
Management and oversight of socialized housing sites
b.
Develop framework for resilient housing for disaster response
c.
Manage Land use planning and zoning standards for CLUPs and ZOs of LGUs
d.
Develop and maintain a geographic information system for land use
a.
Management and oversight of socialized housing sites