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THE REAL ESTATE BROKER’S EXAMINATION > REBLEX 01 2023 / Mock-Up Exam 11 (97 pts) > Flashcards

REBLEX 01 2023 / Mock-Up Exam 11 (97 pts) Flashcards

1
Q

An agency providing the public with mapmaking services and acting as the central mapping agency, depository, and distribution facility of natural resources data in the form of maps, charts, texts, and statistics.

a.
Bureau of Lands

b.
Land Management Bureau

c.
NAMRIA

d.
Register of Deeds

A

c.
NAMRIA

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2
Q

A set of information found in title documents which is used to pinpoint the location and other geographical attributes of land is the

a.
Property address;

b.
Monument locations;

c.
Legal description.

d.
Survey plan;

A

c.
Legal description.

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3
Q

Which of the following is false –

a.
A real estate consultant must previously be a real estate broker or real estate appraiser.

b.
A real estate consultant, even if not a licensed appraiser, can take the board exam provided he has at least 5 years experience in property valuation.

c.
The real estate consultant must secure accreditation with the DHSUD in order to prepare project feasibility studies for developers.

d.
The real estate consultant is not exempted from membership in the AIPO.

A

c.
The real estate consultant must secure accreditation with the DHSUD in order to prepare project feasibility studies for developers.

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4
Q

The name given to lines found on a survey plan which indicates the various levels found on the land surveyed.

a.
Property lines

b.
Boundary lines

c.
Contour lines

d.
Right-of-way lines

A

c.
Contour lines

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5
Q

All professional boards shall create another entity to handle continuing professional development

a.
CPDC

b.
CPE Council

c.
PRB of the board

d.
CPDR

A

a.
CPDC

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6
Q

The Broker prepared an appraisal report even though he is not a licensed appraiser. He is in violation of the

a.
Code of ethics, rules of conduct in relation to the public

b.
PRC Rules of Conduct

c.
Code of ethics, rules of conduct in relation to Fellow practitioners

d.
Real estate service act

A

d.
Real estate service act

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7
Q

The requirement for renewal of licenses of real estate practitioners once every 3 years is -

a.
60 CPD units

b.
45 CPD units

c.
30 CPD units

d.
15 CPD units

A

d.
15 CPD units

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8
Q

The ratio obtained by dividing the sales price by the contract rental rate, is:

a.
Effective gross income

b.
Gross income multiplier.

c.
Recapture

d.
Capitalization

A

b.
Gross income multiplier.

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9
Q

The Broker was asked by a client to sign as witness in a sales transaction in which the price shown is undervalued. This results in a violation of the rules of conduct in relation to

a.
Government

b.
Client

c.
Fellow practitioners

d.
Public

A

a.
Government

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10
Q

The law prescribing the percentage of open spaces in subdivisions.

a.
R.A. 6552.

b.
P.D. 1216.

c.
B.P. 220 .

d.
R.A. 9514 .

A

b.
P.D. 1216.

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11
Q

The has the authority to proclaim urban and land reform zones shall proclaim specific parcels of urban and urbanizable lands as urban land reform zones.

a.
President of the Philippines.

b.
Urban Development Council

c.
NHA

d.
LMB

A

a.
President of the Philippines

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12
Q

Partnership between developers and other parties who agree to be paid for their investment in the form of completed real estate products

a.
Syndication

b.
Joint venture.

c.
Money market

d.
Traditional financing

A

b.
Joint venture.

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13
Q

An exact way of describing the location of real estate that will be accepted in court. It is being used in many documents such as deeds, mortgages, liens and sales contract.

a.
Relocation Survey

b.
Subdivision Plan

c.
Legal Description

d.
Topographic Plan

A

c.
Legal Description

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14
Q

The law governing the development of condominiums.

a.
P.D. 1216.

b.
R.A. 9514.

c.
R.A. 6552.

d.
R.A. 4726 .

A

d.
R.A. 4726 .

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15
Q

The reason for the housing backlog in our country is

a.
Poverty

b.
Government’s housing program is inadequate

c.
Lack of access to credit

d.
All of the above

A

d.
All of the above

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16
Q

The official authorized to approve or disapprove conversion for areas of more than 50 hectares, except for those highly restricted from conversion which shall be subject to his approval regardless of the area.

a.
DAR Undersecretary

b.
DAR Secretary.

c.
DAR Regional Director

d.
DAR Executive Secretary

A

b.
DAR Secretary.

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17
Q

Extended the funding of the CARP for another 10 years (1998-2008)

a.
RA 1400

b.
RA 8532

c.
RA 3844

d.
RA 9700

A

b.
RA 8532

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18
Q

The Water Code of the Philippines.

a.
PD 1067

b.
PD 1216

c.
PD 957

d.
PD 933

A

a.
PD 1067

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19
Q

Products of the real estate economy which are purchased by consumers for their own use and consumption includes

a.
Homes

b.
Raw Land for development

c.
Hotels and resorts

d.
Spaces for offices
Clear my choice

A

a.
Homes

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20
Q

The real estate service practitioner was expelled by his national association did not officially appeal the same and immediately filed a case in court suing the organization’s board of directors. He is guilty of violating the code of ethics in relation to

a.
Fellow practitioners

b.
The public

c.
Government

d.
His organization

A

d.
His organization

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21
Q

A mortgage which, even if not fully documented, deemed valid because some actions between the parties prove the intent of their agreement to allow property to be used as security.

a.
Open mortgage

b.
Equitable mortgage

c.
Closed mortgage

d.
Adjustable-rate mortgage

A

b.
Equitable mortgage

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22
Q

A type of survey which measures the different levels of land and identifies important natural and man-made features thereon.

a.
Cadastral survey

b.
Monumentation survey

c.
Topographic survey

d.
Boundary survey

A

c.
Topographic survey

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23
Q

Prior to the final approval of the new Code of Ethics under RESA Law, the following had been considered applicable –

a.
The Golden Rule

b.
The Code of Ethics of each realty association

c.
No code of ethics

d.
National code of ethics for realty service (DTI)

A

d.
National code of ethics for realty service (DTI)

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24
Q

A land development scheme wherein the project site is comprehensively planned to permit flexibility in planning/design, building siting, complementarity of building types and land uses, usable open spaces and the preservation of significant natural land features.

a.
Master-planned community

b.
Planned unit development

c.
New township

d.
Mixed-use development

A

b.
Planned unit development

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25
Q

The basic regulation governing relationships between spouses.

a.
1987 Constitution.

b.
E.O. 209 Family Code .

c.
R.A. 386, Civil Code.

d.
R.A. 8424.

A

b.
E.O. 209 Family Code .

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26
Q

The volume of sales at which a company’s net sales just equals its costs.

a.
Target sales volume

b.
Break-even sales volume

c.
Minimum sales volume

d.
Profitable sales volume.

A

b.
Break-even sales volume

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27
Q

The comprehensive agrarian reform law.

a.
R.A. 9700.

b.
R.A. 8532.

c.
P.D. 27.

d.
R.A. 6657 .

A

d.
R.A. 6657 .

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28
Q

The law governing the professionalization of real estate service.

a.
R.A. 8981

b.
R.A. 9646

c.
R.A. 9653

d.
R.A. 9856

A

b.
R.A. 9646

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29
Q

NIPAS Strict protection Sub-zone

a.
Areas closed to all human activity except for scientific studies and/or ceremonial or religious use by indigenous communities;

b.
Areas planted with native grass suitable for indigenous roofing material

c.
Mangroves and forests not yet proclaimed as reservations

d.
Areas containing endangered species

A

a.
Areas closed to all human activity except for scientific studies and/or ceremonial or religious use by indigenous communities;

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30
Q

Plan showing various elevations of the property?

a.
Topographic Plan

b.
Subdivision Plan

c.
Lot Plan

d.
House plan

A

a.
Topographic Plan

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31
Q

A public land survey that covers an extensive area, usually an entire municipality, subdividing the same into parcels for purposes of public land distribution.

a.
Geodetic survey

b.
Cadastral survey

c.
Topographic survey

d.
Photogrammetry

A

b.
Cadastral survey

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32
Q

When the loan is fully amortized by equal monthly payments, the amount applied to principal:

a.
is Fixed

b.
Decreases while interest payment increases

c.
Increases while interest payment decreases.

d.
Increase by a constant amount

A

c.
Increases while interest payment decreases.

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33
Q

For every hour of activity, an accredited resource speaker or lecturer can earn

a.
Five (5) CPD units

b.
Three (3) CPD units

c.
Four (4) CPD units

d.
One(1) CPD unit

A

b.
Three (3) CPD units

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34
Q

Areas identified for production, agro-processing and marketing activities to help develop and modernize, with the support of government, the agriculture and fisheries sectors

a.
Sustainable Agri-business sites

b.
Strategic Agriculture and Fisheries Development Zone (SAFDZ)

c.
Agro-industrial parks

d.
Agro-industrial export processing zone

A

b.
Strategic Agriculture and Fisheries Development Zone (SAFDZ)

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35
Q

The law that made PAG-IBIG mandatory.

a.
R.A. 7742

b.
R.A. 1752

c.
R.A. 9653

d.
R.A. 9856

A

a.
R.A. 7742

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36
Q

The following activities can be given CPD credit units as self-directed learning, except

a.
Read a comprehensive book on real estate

b.
Attended a real estate training module over the internet

c.
Wrote articles on real estate

d.
Attended a relevant short-term post-graduate course

A

a.
Read a comprehensive book on real estate

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37
Q

Which of the following program/activity is not entitled to CPD units -

a.
Attending a seminar of a non-accredited training provider.

b.
Self-study on the internet by watching YouTube

c.
Taking a master’s degree

d.
Attending a seminar from an accredited training provider

A

b.
Self-study on the internet by watching YouTube

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38
Q

The rate of return earned by an investor which does not include allowance for capital recovery is:

a.
Recapture rate

b.
Discount rate

c.
Cash flow

d.
Interest rate.

A

d.
Interest rate.

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39
Q

The total value of goods and services attributable to the Philippines as a whole, used as a crude measure of economic health.

a.
Balance of payments

b.
Strong peso vs. dollar

c.
Gross domestic product

d.
Gross national product

A

c.
Gross domestic product

40
Q

The law allowing former natural-born Filipinos to re-acquire citizenship

a.
1987 Constitution.

b.
R.A. 9225 .

c.
R.A. 7042.

d.
R.A. 6809.

A

b.
R.A. 9225 .

41
Q

Tenant-farmer under PD 27 is deemed owner of the hectares of the land he tills if irrigated.

a.
3 hectares.

b.
5 hectares

c.
2 hectares

d.
7 hectares

A

a.
3 hectares.

42
Q

Violations of unlicensed real estate service practitioners will be penalized

a.
P 150,000

b.
P200,000

c.
P100,000

d.
P50,000.

A

b.
P200,000

43
Q

The law governing the design standards for socialized and low-cost housing.

a.
P.D. 1096

b.
R.A. 4726

c.
B.P. 220

d.
P.D. 957 .

A

c.
B.P. 220

44
Q

Agricultural Land Reform Code 1963 -

a.
RA 1400

b.
RA 8532

c.
RA 3844.

d.
CA 141

A

c.
RA 3844.

45
Q

Tenant-farmer under PD 27 is deemed owner of the hectares of the land he tills if not irrigated.

a.
3 hectares

b.
5 hectares.

c.
2 hectares

d.
7 hectares

A

b.
5 hectares.

46
Q

“Metes and Bounds” refers to –

a.
Length of a property boundary line;

b.
Distance and direction of the boundary lines.

c.
Description of the property monuments;

d.
Limitations upon a property’s usage;

A

b.
Distance and direction of the boundary lines.

47
Q

The body that classifies land areas as residential commercial, agricultural or recreational; maps out the territorial district in accordance with its classification and overseas the implementation of the Zoning Ordinance?

a.
Planning Board

b.
Developer

c.
Appraiser

d.
Homeowners Association

A

a.
Planning Board

48
Q

A low impact system intended to drain surface water run-off through a series of collection, storage and cleaning stages before it is released back into the environment.

a.
Sustainable urban drainage system

b.
Storm drainage lagoon

c.
French drain systems

d.
Percolating ponds

A

a.
Sustainable urban drainage system

49
Q

Agricultural lands reclassified either as residential, commercial or industrial thru zoning ordinance approved by the Housing and Land Use Regulatory Board before is exempted from the coverage of Agrarian Reform.

a.
June 1, 1988

b.
July 1, 1988

c.
June 15, 1988.

d.
July 15, 1988

A

c.
June 15, 1988.

50
Q

Urban Development and Housing Act

a.
PD 1517

b.
RA 8532

c.
RA 7279

d.
CA 141

A

c.
RA 7279

51
Q

Source of funding for developers of real estate projects obtained directly from an investing public

a.
Bank financing

b.
Equity

c.
Stock market.

d.
Joint ventures

A

c.
Stock market.

52
Q

In accordance with the Code of Ethics, violations shall immediately result in the imposition of the following sanctions by the PRC

a.
Cancellation of PRC license

b.
Suspension of PRC license

c.
Fine of P100,000 or 6 months imprisonment, or both

d.
None of the above

A

d.
None of the above

53
Q

Making installment payments consisting of principal and interest that reduces the loan-balance is:

a.
Acceleration

b.
Hypothecation

c.
Amortization.

d.
Liquidation

A

c.
Amortization.

54
Q

The basic law governing persons, properties, obligations and contracts.

a.
1987 Constitution.

b.
E.O. 209 Family Code.

c.
R.A. 386, Civil Code .

d.
R.A. 8424.

A

c.
R.A. 386, Civil Code .

55
Q

If you have a mortgage and you default, your collateral will be

a.
Confiscated by the lending institution

b.
Sold in auction by the lending institution

c.
Subjected to foreclosure.

d.
Purchased by the creditor

A

c.
Subjected to foreclosure.

56
Q

Award ceiling for the beneficiary of agrarian reform -

a.
2 hectares

b.
5 hectares

c.
3 hectares.

d.
7 hectares

A

c.
3 hectares.

57
Q

Retention of landowner’s children who is at least 15 years old, actually tilling and managing the farm under RA 6657 (CARP) is:

a.
3 hectares per child.

b.
7 hectares per child

c.
5 hectares per child

d.
12 hectares per child

A

a.
3 hectares per child.

58
Q

The act of specifying how agricultural lands shall be utilized for non- agricultural uses as embodied in the CLUP.

a.
Re-zoning

b.
Reclassification of Agricultural Lands

c.
Conversion

d.
Zoning variance

A

b.
Reclassification of Agricultural Lands

59
Q

Extended the funding of the CARP for another 5 years - (2009-2013)

a.
RA 1400

b.
RA 8532

c.
RA 3844

d.
RA 9700

A

d.
RA 9700

60
Q

The law that governs succession.

a.
R.A. 7742

b.
R.A. 1752

c.
R.A. 9653

d.
R.A. 386

A

d.
R.A. 386

61
Q

The law governing the licensing and registration of development projects.

a.
P.D. 1096 .

b.
B.P. 220

c.
P.D. 957

d.
P.D. 1216

A

c.
P.D. 957

62
Q

In the Philippines, there is scarcity of land for large-scale subdivision development because

a.
Most large tracts were parceled into smaller pieces due to land reform

b.
Lack of infrastructure limits the expansion of urban areas

c.
There is graft and corruption in land conversion processes

d.
All of the above

A

d.
All of the above

63
Q

“Bearings” and “Azimuths” are

a.
The distance in meters of a property line;

b.
The angle of rotation of a property line;

c.
The deviation of a line’s direction from the N-S ray,

d.
The deviation of a line’s direction from the E-W ray;

A

c.
The deviation of a line’s direction from the N-S ray,

64
Q

Urban Land Reform Law

a.
PD 1517.

b.
RA 8532

c.
RA 7279

d.
CA 141

A

a.
PD 1517.

65
Q

Money in the form of currency has many functions including the following, except –

a.
The medium of exchange

b.
The definitive measure of wealth

c.
The measure of value on goods and services

d.
The store of value

A

b.
The definitive measure of wealth

66
Q

The planning board must address some of the following housing problems, EXCEPT.

a.
Lack of financial resources/financial institutions to support housing

b.
High cost of building materials

c.
Marketing of the house and lot

d.
Lack of initiative from both private and government sectors, particularly incentives for the private sector

A

c.
Marketing of the house and lot

67
Q

The basic law providing overall design standards for buildings.

a.
P.D. 1096.

b.
R.A. 4726.

c.
B.P. 220.

d.
P.D. 957 .

A

a.
P.D. 1096.

68
Q

The law that declared lands planted to rice and corn subject to land reform.

a.
R.A. 9700 .

b.
R.A. 8532 .

c.
P.D. 27.

d.
R.A. 6657 .

A

c.
P.D. 27.

69
Q

Which of the following areas is identified as protected areas for agri- industrial development

a.
All irrigated areas

b.
All irrigable lands not yet covered by funded irrigation projects

c.
All upland areas suitable for windmills

d.
All lands along the national highways suitable for industrial subdivisions

A

b.
All irrigable lands not yet covered by funded irrigation projects

70
Q

The following information is not required in signing documents in connection with the practice of real estate service:

a.
BIR Certificate of registration Number and expiry date

b.
Professional Identification Card expiry date

c.
Privilege Tax Receipt number and expiry date

d.
Certificate of registration number with PRC

A

a.
BIR Certificate of registration Number and expiry date

71
Q

A subdivision which contains areas or lots reserved for roadways, open spaces, as well as lots.

a.
Simple subdivision

b.
Ordinary subdivision

c.
Complex subdivision

d.
Consolidated subdivision

A

c.
Complex subdivision

72
Q

Current private bank lending rates (low and high) for home loans, one-year re-pricing

a.
2-4 percent

b.
4-6 percent

c.
6-8 percent

d.
8-10 percent

A

b.
4-6 percent

73
Q

The basic law governing national taxation.

a.
1987 Constitution.

b.
E.O. 209 Family Code.

c.
R.A. 386, Civil Code.

d.
R.A. 8424 .

A

d.
R.A. 8424 .

74
Q

The preparation the Zoning plan and ordinances, like the proper action of any other element of the Comprehensive Plan should begin with the careful study of the following, EXCEPT.

a.
LGU organization structure

b.
Population and its Characteristics

c.
Economic Functions of the Community

d.
Physical Condition

A

a.
LGU organization structure

75
Q

The law that abolished the traditional share tenancy practice.

a.
R.A. 6657.

b.
R.A. 3844 .

c.
P.D. 27

d.
R.A. 8435

A

b.
R.A. 3844 .

76
Q

The common practice of developers known as “pre-selling “ allows the following, except

a.
Small reservation fee

b.
Interest-free payment of equity over 2-3 years

c.
Up to 20 years to pay by in-house financing.

d.
Bank financing

A

c.
Up to 20 years to pay by in-house financing.

77
Q

Home ownership can includes carrying the following costs every year, except

a.
Realty taxes

b.
Capital gains taxes.

c.
Fire insurance

d.
Payment of association dues

A

b.
Capital gains taxes.

78
Q

The agency responsible for administering, surveying, managing, and disposing Alienable and Disposable (A&D) lands and other government lands not placed under the jurisdiction of other government agencies is

a.
DENR

b.
Land Management Bureau

c.
Register of Deeds

d.
None of the above

A

b.
Land Management Bureau

79
Q

Certain standards in the USPRCP that could be found contrary to law or public policy may not be followed and the real estate consultant shall state them as

a.
Jurisdiction exception

b.
Competency exception

c.
Departure provision

d.
Limiting condition

A

a.
Jurisdiction exception

80
Q

The “Realty Buyers Installment Act” also known as the Maceda Law.

a.
P.D. 1216 .

b.
R.A. 9514 .

c.
R.A. 6552.

d.
R.A. 4726 .

A

c.
R.A. 6552.

81
Q

The law that began the process of undertaking cadastral surveys of lands in the country.

a.
Act 496.

b.
Act 926.

c.
Act 2259 .

d.
C.A. 141.

A

c.
Act 2259 .

82
Q

Self-directed learning are activities pursued by professionals without involvement of a CPD provider or an academic institution. Which of these do not qualify –

a.
Authorship

b.
Study tour

c.
Reading a book on real estate

d.
Attending a PRC consultancy meeting

A

c.
Reading a book on real estate

83
Q

A local special body created by virtue of this Ordinance mandated to, among others, handle appeals for Variances and Exceptions.

a.
Locational Clearance Council

b.
Building official

c.
LGU Zoning Department

d.
Local Zoning Board of Appeals (LZBA)

A

d.
Local Zoning Board of Appeals (LZBA)

84
Q

The law that established the Torrens system in the Philippines.

a.
Act 926

b.
Act 496

c.
Act 2259

d.
C.A. 141.

A

b.
Act 496

85
Q

The latest revision of the National Fire Code.

a.
R.A. 6552.

b.
P.D. 1216 .

c.
B.P. 220 .

d.
R.A. 9514

A

d.
R.A. 9514

86
Q

Zone boundaries can not be defined in the following manner:

a.
Laid out by the Bureau of Lands

b.
Approximately along the center of streets

c.
Approximately following lot lines

d.
Along a railroad line

A

a.
Laid out by the Bureau of Lands

87
Q

Products of the real estate economy which are purchased as underlying assets to support another type of business endeavor

a.
Homes

b.
Condominiums

c.
Residential subdivision lots

d.
Office spaces

A

d.
Office spaces

88
Q

In a typical LGU Zoning Ordinance, the following is not designated as a base zone:

a.
Ecotourism overlay zone (ETM-OZ)

b.
Forest Zone (FZ)

c.
Agricultural Zone (AGZ)

d.
Mineral Land Zone (MLZ)

e.
General Residential Zone (GR-Z)

A

a.
Ecotourism overlay zone (ETM-OZ)

89
Q

The estimated housing backlog is roughly

a.
2-3 million

b.
3-4 million

c.
4-5 million

d.
No reliable estimate

A

c.
4-5 million

90
Q

The CPD Council for Real Estate Service is composed of members.

a.
Three (3)

b.
Four (4).

c.
Five (5)

d.
Two (2).

A

a.
Three (3)

91
Q

If land was sold to a third person without the knowledge of the tenant, the latter may redeem it within years from date of registration –

a.
1 year

b.
3 years

c.
2 years.

d.
5 years

A

c.
2 years.

92
Q

Real estate expands business in general because it affects many sectors.

a.
Real estate boom

b.
Multiplier Effect

c.
Housing Starts

d.
Sellers Market

A

b.
Multiplier Effect

93
Q

If the “Scale” shown on a lot plan is 1:200, it means

a.
1 millimeter is equal to 200 centimeters

b.
1 centimeter is equal to 2meters

c.
1 meter is equal to 200 centimeters

d.
10 meters is equal to 200 meters

A

b.
1 centimeter is equal to 2meters

94
Q

A specialized branch of aquaculture involving the cultivation of marine organisms for food and other products in the open ocean, an enclosed section of the ocean, or in tanks, ponds or raceways which are filled with seawater.

a.
Fish cage farming

b.
Sea ranching

c.
Aquaculture

d.
Mariculture

A

d.
Mariculture

95
Q

A mortgage which allows the borrower to increase payments in advance without pre-payment penalties –

a.
Open mortgage.

b.
Equitable mortgage

c.
Closed mortgage

d.
Adjustable-rate mortgage

A

a.
Open mortgage.

96
Q

In accordance with RESA Law, a Code of Ethics shall be prepared by the and adopted for observance by all real estate service practitioners.

a.
Accredited Integrated Professional Organization

b.
Professional Regulation Commission

c.
All existing real estate service associations

d.
Professional Regulatory Board for Real Estate Service

A

a.
Accredited Integrated Professional Organization

97
Q

The use of borrowed fund to increase purchasing power to increase the profitability of an investment is –

a.
Limited liability

b.
Debt Coverage

c.
Leverage.

d.
Interim Financing

A

c.
Leverage.

THE REAL ESTATE BROKER’S EXAMINATION (44 decks)

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