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THE REAL ESTATE BROKER’S EXAMINATION > Review Materials - Brokers Exam (Latest Edition) > Flashcards

Review Materials - Brokers Exam (Latest Edition) Flashcards

1
Q

FUNDAMENTALS OF PROPERTY OWNERSHIP

  1. When a person speaks of the principle that “all lands of the public domain belong to the State”, it is referred to as

a. Real Estate Ownership Doctrine
b. Regalian Doctrine
c. Land Ownership Doctrine
d. State Ownership of Land Doctrine

A

b. Regalian Doctrine

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2
Q
  1. The government may dispose or alienate lands of the public domain provided the classification is:

a. Residential
b. Forest Land
c. Commercial
d. Agricultural

A

d. Agricultural

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3
Q
  1. It is the power of the state to take private property for the purpose of public use, provided there is a payment of just compensation.

a. Expropriation
b. Eminent Domain
c. Police Power
d. Excheat

A

b. Eminent Domain

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4
Q
  1. In case a person owns a piece of land, it can only be used for legal purposes, and the government may exercise its power referred to as:

a. Government restriction
b. Land use plan
c. Police Power
d. Building Permit

A

c. Police Power

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5
Q
  1. Under the 1987 Phil. Constitution the government may transfer land to a Filipino Citizen by homestead provided the size does not exceed:

a. 1,000 square meters
b. 12 hectares
c. 3 hectares
d. 1 hectare

A

b. 12 hectares

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6
Q
  1. A Filipina got married to a foreigner on August 3, 1998. In such case, the Filipina may still buy land in the Philippines provided:

a. She becomes a dual citizen
b. She has not renounced her citizenship
c. She buys land under BP 185
d. She buys a maximum of 1,000 sqms of residential land only

A

b. She has not renounced her citizenship

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7
Q
  1. An owner is said to be an owner in fee simple, which means that the owner:

a. Has a certificate of title
b. Has the bundle of rights
c. Has the right to sell the property
d. Has bought the property

A

b. Has the bundle of rights

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8
Q
  1. The best evidence of ownership of a 1-bedroom condominium unit that a person has is:

a. Condominium dues payment
b. Original certificate of title
c. Tax declaration of the condominium unit
d. Condominium Certificate of title

A

d. Condominium Certificate of title

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9
Q
  1. For one to have a property relation of complete separation of property, the future spouses must execute this document before marriage:

a. Marriage contract
b. Prenuptial agreement
c. Juducual separation of property
d. Affidavit of waiver

A

b. Prenuptial agreemen

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10
Q
  1. It is the right of a person to the fruit of a property even if the property is not owned by the said person:

a. Usufuct
b. Tenancy arrangement
c. Harvest agreement
d. Lease agreement

A

a. Usufuct

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11
Q
  1. It is a voluntary limitation on one’s right of ownership to land.

a. Deed of restriction
b. Building code
c. Zoning
d. Land use plan

A

a. Deed of restriction

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12
Q
  1. A Filipino who becomes a Canadian citizen may still buy land in the Philippines for business purposes provided:

a. He executes an affidavit under BP 185
b. He is a former natural-born Filipino citizen
c. He buys only up to a maximum of 1,000 square meters
d. He will permanently reside in the Philippines

A

b. He is a former natural-born Filipino citizen

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13
Q
  1. This principle states the citizenship of a person shall be based on the location of the birth of the person is called:

a. Jus sanguinis
b. Jus soli
c. Jus locandi
d. Dual Citizenship

A

b. Jus soli

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14
Q
  1. To apply as a dual citizen of the Philippines under RA 9225, one must be a former natural-born Filipino and do the following:

a. Renounce his or her foreign citizenship
b. File a petition with the Bureau of Immigration
c. File an application with the Department of Foreign Affairs
d. File of permanent residency.

A

b. File a petition with the Bureau of Immigration

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15
Q
  1. An owner of a house borrowed money from the bank but failed to pay his loan and the property was sold at a public auction. This is referred to as a method of acquiring a title by:

a. Voluntary grant
b. Private grant
c. Involuntary grant
d. Foreclosure grant

A

c. Involuntary grant

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16
Q
  1. Acquisition of land under the Foreign Investment Act is allowed for business purposes but cannot be done for the purpose of:

a. Agriculture
b. Manufacturing
c. Buying and Selling
d. Leasing of land.

A

c. Buying and Selling

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17
Q
  1. A foreigner, under the Foreign Investor Lease Act, may lease land in the Philippines for 50 years and renewable for another:

a. 10 years
b. 20 years
c. 25 years
d. 50 years

A

c. 25 years

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18
Q
  1. In addition to the process of naturalization, a foreigner may also become a Filipino Citizen through:

a. Marriage to a Filipino
b. Residency on the Philippines Constitution
c. Act of legislature
d. Born before the 1935 philippine constitution

A

c. Act of legislature

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19
Q
  1. If ABC Corporation wanted to lease lands of the public domain, the lease can only be for a period of:

a. 25 years
b. 25 years renewable for another 25 years
c. 50 years
d. Up to 99 years

A

b. 25 years renewable for another 25 years

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20
Q
  1. Under BP 185, for land be to classified as an urban area, it means:

a. An area where are malls and shopping centers
b. A municipality with a population density of 1,000 people per square kilometer
c. Poblaciones with a population density of 800 persons per sq. km.
d. An area with a mass transport system

A

b. A municipality with a population density of 1,000 people per square kilometer

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21
Q
  1. For prescription as a mode of acquiring title, it requires that possessions must be adverse, continuous, actual, and if in bad faith, for a period of:

a. 10 years
b. 20 years
c. 30 years
d. 25 years

A

c. 30 years

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22
Q
  1. Donna inherited a piece of land in 1986 but she got married in 1987 without any prenuptial agreement. The said property is considered as:

a. Conjugal property
b. Community property
c. Paraphermal property
d. Capital Property

A

c. Paraphermal property

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23
Q
  1. A vacant land in Cebu that was escheated to the government because the deceased left no will and no heirs will be classified as:

a. Land of the public domain
b. Patrimonial property
c. National property
d. Public state property

A

b. Patrimonial property

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24
Q
  1. Under the Philippines Retirement: Authority, a foreigner may reside in the Philippines and will be given a visa referred to as:

a. Tourist visa
b. Non-immigration
c. Special Resident Retiree’s visa
d. Special non-immigration visa

A

c. Special Resident Retiree’s visa

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25
Q
  1. A parcel of land owned by the city is no longer intended for public use, it is referred to as:

a. Patrimonial property
b. Idle land
c. Private land
d. Public Reserved Property

A

a. Patrimonial property

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26
Q
  1. The minimum amount of Filipino ownership of a state corporation that intends to buy a condominium unit shall be:

a. 0%
b. 40%
c. 100%
d. 60%

A

a. 0%

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27
Q
  1. Any Filipino citizen may apply for a free patent title under RA 10023 and in the case of first and second-class municipalities. The same should not exceed:

a. 200 square meters
b. 500 square meters
c. 750 square meters
d. 1,000 square meters

A

c. 750 square meters

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28
Q
  1. A child born out of wedlock from minor parents, but who eventually got married, will not be classified as:

a. Legitimate
b. Illegitimate
c. Acknowledged Natural child
d. Spurious Child

A

a. Legitimate

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29
Q
  1. A sale of a parcel of land, bought by a foreigner who was not allowed to own land, sold eventually to a Filipino citizen is considered:

a. Valid
b. Void
c. Voidable
d. Of no effect

A

a. Valid

30
Q
  1. For a Filipino, now 33 years old who is now a citizen of Australia, to be able to acquire land under BP 185, the person should:

a. Be a dual citizen
b. Be born of at least one Filipino parent
c. Be residing in the country within 3 years
d. Not buy more than 5,000 square meters of urban land.

A

b. Be born of at least one Filipino parent

31
Q
  1. Property reserved for compulsory heirs of the decedent is referred to as:

a. Inheritance
b. Legitime
c. Free portion
d. Hereditary succession

A

b. Legitime

32
Q
  1. A former natural-born Filipino may acquire land in a rural area not exceeding 3 hectares for business purposes under:

a. Batas Pambansa Blg. 185
b. Foreign Investor Lease Act
c. Foreign Investment Act of 1991
d. Real Estate Investment Trust

A

c. Foreign Investment Act of 1991

33
Q
  1. A couple married on August 3, 1998, entered into a marriage settlement but was declared void by the court. Their property relations shall be:

a. Conjugal Partnership of Gains
b. Absolute Community of Property
c. Separation of Property
d. Relative community property

A

b. Absolute Community of Property

34
Q
  1. The following is not considered a public grant.

a. Free patent issued by the government
b. Sales patent
c. Sale by city treasurer due to delinquent real property taxes
d. Homestead grant

A

c. Sale by city treasurer due to delinquent real property taxes

35
Q
  1. An illegitimate minor child may use the surname of the father who is married to another provided:

a. The mother agrees
b. The father executes an affidavit of acknowledgment
c. The child is not over 7 years of age
d. The father and mother eventually marries

A

b. The father executes an affidavit of acknowledgment

36
Q
  1. Land acquired through public auction due to nonpayment of delinquent real estate taxes is a grant referred to as:

a. Private
b. Public grant
c. Involuntary grant
d. Foreclosure grant

A

c. Involuntary grant

37
Q
  1. When a person inherits a real estate from the deceased who died with a will but which was declared void, would be an inheritance through:

a. Intestate succession
b. Hereditary succession
c. Testamentary succession
d. Testate succession

A

a. Intestate succession

38
Q
  1. A Filipino who married last August 3, 1988, may sell her property to her husband provided:

a. She makes a waiver
b. She bought the same before August 3, 1988
c. She has a judicial separation of property
d. She bought it with her own money.

A

c. She has a judicial separation of property

39
Q
  1. The general classification of property under the Civil Code is that one is classified as movable property and the other is:

a. Real property
b. Personal property
c. Immovable property
d. Real estate

A

c. Immovable property

40
Q
  1. A foreigner who was given Filipino citizenship through a law under Republic Act approved by Congress may now own land under:

a. 1987 Philippine Constitution
b. BP 185
c. Foreign Investment Act of 1992
d. Dual Citizenship law

A

a. 1987 Philippine Constitution

41
Q
  1. As a real estate broker, one is not required to indicate the professional license no. in the following documents:

a. Advertisements
b. Letterhead
c. Deed of absolute sale
d. Calling cards

A

c. Deed of absolute sale

42
Q
  1. The practitioner must display the following in their place of business as provided in the Code of Ethics:

a. AIPO Receipt
b. Surety Bond
c. Professional Identification Card
d. Certificate of registration

A

d. Certificate of registration

43
Q
  1. An act that can be to be unethical in dealing with a real property being sold by the owner:

a. Avoid exaggeration
b. Conceal relevant information
c. Refrain from misrepresentation
d. Ascertain all material facts on the property.

A

b. Conceal relevant information

44
Q
  1. A real estate broker uploads an advertisement of a property on the internet. Which one would be considered unethical?

a. “With a nice view of the lake”
b. “Property to appreciate in value within a year”
c. “Located in a gated subdivision”
d. “With wifi connection”

A

b. “Property to appreciate in value within a year”

45
Q
  1. Considered unethical for a real estate broker, with regards to his professional fee. Is to obtain the same from both parties unless:

a. The buyer was informed ahead of time
b. The owner did not know he will get a fee from the buyer
c. The owner and seller know and both agreed
d. The parties were not informed by the broker.

A

c. The owner and seller know and both agreed

46
Q
  1. If the real estate broker already saw another sign for sale of another broker, under the code of ethics, the broker must:

a. Remove the sign before putting his sign.
b. No longer put his or her sign for sale
c. Put the sign at least 3 meters away
d. Cover the sign of the other brokers

A

b. No longer put his or her sign for sale

47
Q
  1. In a court case, the real estate appraiser was called to testify and under the code of ethics he must testify in the manner:

a. To protect his interest
b. To protect the interest of the client
c. To protect both their interest
d. To testify in a truthful manner

A

d. To testify in a truthful manner

48
Q
  1. The real estate broker should not solicit a listing that is currently listed exclusively with another broker unless the listing agreement has expired and:

a. The broker knows the contact no. of the owner
b. The broker already met the owner
c. Solicits the same from the owner
d. The owner offers to list the same to the new broker.

A

d. The owner offers to list the same to the new broker.

49
Q
  1. Real estate broker X accepted a listing from another broker Y, the agency of the broker Y who offers the listing should be respected until it has expired:

a. Broker X is able to contact the owner
b. Come to the attention of broker X from a different source
c. Broker Y does not answer his text messages
d. Broker X solicits the listing from the owner

A

b. Come to the attention of broker X from a different source

50
Q
  1. As to negotiations on a property listed exclusively with one broker, it should be through the listing broker and not the owner, except:

a. With the consent of the owner
b. The listing broker has consented
c. The listing broker is just new
d. The listing broker is not knowledgeable

A

b. The listing broker has consented

51
Q
  1. RA 9646, Real Estate Service Act of the Philippines was approved last:

a. June 15, 2009
b. June 29, 2010
c. June 29, 2009
d. June 30, 2010

A

c. June 29, 2009

52
Q
  1. As provided under Presidential Decree No. 957, a real estate salesperson who sells condominium units for a project must file a bond in the amount of:

a. 1,000
b. 5,000
c. 20,000
d. No bond required

A

a. 1,000

53
Q
  1. Under the RESA, in addition to the certification of registration, a successful examinee shall also be given by the PRC the following:

a. Certificate of attendance
b. Professional Identification card
c. Certificate of Oath taking
d. Professional Rating Certificate

A

b. Professional Identification card

54
Q
  1. As of the present, the PRC Chairperson in charge of the professional Regulation Commission is:

a. Jenifer Manalili
b. Florentino Doble
c. Teofilo S, Pilando Jr.
d. Ramon Cuervo

A

c. Teofilo S, Pilando Jr.

55
Q
  1. Renewal of the professional identification card issued to a real estate service practitioner shall be every:

a. Year
b. 3 years
c. Other year
d. Until revoked

A

b. 3 years

56
Q
  1. For Violations of the provisions of the RESA and its IRR by a real estate partnership, the following may be made liable for violation:

a. The president
b. The director of the corporation
c. The partner
d. The chief operating officer

A

c. The partner

57
Q
  1. The expiry of the registration with HLURB of a real estate broker expires every:

a. December 31 of the year
b. 3 years
c. On the birthdate of the real estate broker
d. Every 2 years

A

a. December 31 of the year

58
Q
  1. In the PRBRES logo, the color blue represents the color of:

a. Professionalism
b. Real estate service Industry
c. Service
d. Ethical Practice

A

c. Service

59
Q
  1. The first chairman of the Professional Regulatory Board of Real Estate Service (PRBRES) is:

a. Teresita Manzala
b. Bansan Choa
c. Eduardo Ong
d. Florencio Dino

A

c. Eduardo Ong

60
Q
  1. The current Commissioner, Office of Commissioner I of the Professional Regulation Commission is:

a. Teresita R. Mansala
b. Bansan Choa
c. Eduardo Ong
d. Yolanda D. Reyes

A

d. Yolanda D. Reyes

61
Q

CODE OF ETHICS AND RESPONSIBILITIES

  1. The broker helped his Client obtain a license to build a repair shop within a residential subdivision because he bribed the building official this violates the rules of conduct in relation to:

a. The public
b. Government
c. Fellow practitioners
d. Both “a” and “b”

A

d. Both “a” and “b”

62
Q
  1. Some clients prefer a net listing and the broker, therefore, over-prices the selling price in order to include his 5% commission. This results in a violation of the rules of conduct:

a. In relation to the government
b. In relation to the public
c. In relation to fellow practitioners
d. None of the above

A

d. None of the above

63
Q
  1. The broker was asked by a client to obtain to sign as a witness in a sales transaction in which the price shown is undervalued. He signed for fear of losing his commission. This results in a violation of the rules of conduct in relation to:

a. Government
b. Client
c. Fellow practitioners
d. Public

A

c. Fellow practitioners

64
Q
  1. The broker prepared an appraisal report even though he is not yet a licensed appraiser. He is violating the:

a. Code of ethics, rules of conduct in relation to the public
b. Code of ethics, rules of conduct in relation to fellow practitioners.
c. PRC Rules of Conduct
d. Real Estate Service Act.

A

d. Real Estate Service Act

65
Q
  1. A broker who was expelled by his national association did not officially appeal the same and immediately filed a case in court suing the organization’s president. 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

66
Q
  1. In accordance with the National Code of Ethics, violations of the Rules of Conduct, shall result in the imposition of the following sanctions:

a. Cancellation of PRC License
b. Suspension of PRC License
c. Fine of P100,000.00 or 6 months imprisonment, or both
d. None of the above

A

d. None of the above

67
Q
  1. Which of these acts are considered a violation of the rules of conduct of the national code of ethics in relation to fellow practitioners:

a. Campaigning in the elections against fellow practitioners
b. Advertising a property without the authority of the owner
c. Overpricing the property to make allowance for bargaining
d. Passing on the listing of a co-broker without consent

A

d. Passing on the listing of a co-broker without consent

68
Q

The broker who is accredited with SMDC received newly-printed flyers containing the announcement of the developer’s latest project. He then pasted his name and contact numbers on the flyers and distributed them, he is violating of:

a. National Code of Ethics rules of conduct in relation to his Client
b. PRC Rules of Conduct
c. National Code of Ethics rules of conduct in relation to the Public
d. HLURB rules governing advertising.

A

d. HLURB rules governing advertising.

69
Q
  1. A real estate who collects a commission of more than 5% is:

a. Violating the RESA Law
b. Violating the HLURB rules
c. Violating the National Code of Ethics for Realty Service
d. Is not in violation of any law or code of ethics

A

d. Is not in violation of any law or code of ethics

70
Q
  1. The National Code of Ethics provides that the following be well-informed about matters affecting real estate as part of their duty in relation to the public:

a. Real Estate Brokers
b. Real Estate Appraisers
c. Real Estate Consultant
d. All of the above.

A

d. All of the above.

THE REAL ESTATE BROKER’S EXAMINATION (44 decks)

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