Real Estate Final Examination

200 Questions  I  By Joco on March 23, 2011
Rizal Final Examination

  
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1.  PD 1216 provides that upon completion of the road, alleys, sidewalks and playground shallbe donated by the developer to
A.
B.
C.
2.  Upon completion of the subdivision project as certified by the HLURB, the open spaces shallbe donated by the Owner/Developer to t Home Owners Association.
A.
B.
C.
3.  If a person cannot locate or find his original owners copy of the transfer certificate of title andis therefore lost and missing, he must execute this document to annotate in the title the fact ofloss
A.
B.
C.
4.  _____ explores how and why people adopt new ducts, services and ideas.
A.
B.
C.
5.  The following are lands of the public domain, except
A.
B.
C.
6.  Acronym that stands for the.sights of buyers in a subdivision project.
A.
B.
C.
7.  HDMF Maximum loan amount
A.
B.
C.
8.  It is the.guide to the proper location of activities in space.
A.
B.
C.
9.  Are types of complaints of buyers against the Owner/Developer  whichshall be filed withHLURB:-except?
A.
B.
C.
10.  The deed of absolute was to be notarized and the parties appeared before the notary publicand they have to show identification documents to the notary public. The following areacceptable documents for notarization, except
A.
B.
C.
11.  It has been singled out in the Local Government Code as the principal instrument forimplementing the CLUP.
A.
B.
C.
12.  In the conjugal partnership of gains, what kind of property does the spouses have conjugalpartnership on:
A.
B.
C.
13.  This urban land use class refers to manufacturing areas consisting of factories
A.
B.
C.
14.  When land uses can be combined in a single site or parcel of land at the same time, thistype of land uses is
A.
B.
C.
15.  The Owner/Developer shall deliver the title of a lot to unit buyer upon full payment of lot orunit.
A.
B.
C.
16.  Are parts of the condominium project classified as common area:-except?
A.
B.
C.
17.  Which of the following lands of the public domain may be alienated or disposed of by thegovernment?
A.
B.
C.
18.  The seller who lived in Makati City sold a house in Quezon City to the buyer who lives inPasig City. The broker, who lives in Marikina City should therefore have the deed of absolutesale duly notarized along with the parties in
A.
B.
C.
19.  Penalty for late payment of monthly amortization is computed
A.
B.
C.
20.  The first requirement for a Filipino who had become an American citizen to acquire land forresidential purpose under B.P. 185 is as follows
A.
B.
C.
21.  It refers to the management of the earth's resources in a way which aims to restore andmaintain the balance between human requirements and the other species of  the world.
A.
B.
C.
22.  DEVELOPMENT ITEMS include the ff.-except.
A.
B.
C.
23.  The life of the condominium corporation shall be co-terminus with the life of the-
A.
B.
C.
24.  Right of way is a kind of
A.
B.
C.
25.  Special power of attorney executed abroad must be authenticated by any of the following,EXCEPT
A.
B.
C.
26.  This urban land use class includes single- and multiple-family dwellings
A.
B.
C.
27.  It is a land use policy area referring to resources that need to be protected, conserved, andrehabilitated, including areas that require prevention and mitigation of disasters
A.
B.
C.
28.  It is how land is perceived when it is considered as a private commodity which can beowned, used, bought or sold for personal comfort and profit.
A.
B.
C.
29.  If a person died leaving a will, what is that special court proceeding that must be instituted todetermine the validity of the testamentary disposition of the deceased?
A.
B.
C.
30.  Where these areas are found in fertile farming sites and has many services e.g. shops andoffices, the kind of settlement according to function
A.
B.
C.
31.  Payment of realty taxes shall be the sole responsibility of the buyers on installment paymentat all times.
A.
B.
C.
32.  Your client Ricky has a property in a residential area that is actually being used as a beauty salon. The tax declarations of the lot and the structure indicate the following data:Lot area = ,275 sqmMarket value of the land = P4,525.00 per sqmMarket value of the structure = P2,400,000.00Assessment level: Residential = 20%Commercial = 50%Property tax rate = 1.5%Special Education Fund = 1% of the assessed valueWhat is the total combined assessed value of the land and the improvement?
A.
B.
C.
33.  A buyer on installment who has paid at least two years of installments, under R.A. 6552, isentitled to a refund of 50% of total payments effected during the first five years and an additional______ every year but not to exceed 90% of total payments made
A.
B.
C.
34.  Are powers of the HLURB: except?
A.
B.
C.
35.  The 2 criteria for CARP coverage is suitability of the land for agriculture and
A.
B.
C.
36.  Mr Juan de la Rosa sold his property at P5,000,000.00 inclusive of the capital gains tax,documentary stamp tax and the broker's commission of five (5%) percent. What will be his netproceeds after deduction of expenses?
A.
B.
C.
37.  It refers to meeting the needs of the present without compromising the ability of futuregenerations to meet their own needs
A.
B.
C.
38.  The right of pre-emption or right of 1 st refusal under PD 1517 (Urban Land Reform) is exercisable by a legitimate tenant in urban land if he has occupied the land for
A.
B.
C.
39.  What is legitime?
A.
B.
C.
40.  A parcel of land was sold by a corporation to the buyer. In case of a corporation, it isrequired that the person Who will sign the deed of absolute sale must be
A.
B.
C.
41.  Which of the following is not en example of in involuntary alienation?
A.
B.
C.
42.  A house and lot, with a land area of 400 square meters was sold at P2,500,000. Per taxdeclaration, the fair market value of the house is P1,000,000, and the lot is P1,200,000. Thezonal value of the lot is P5,000 per square meter. The sale is subject to capital gains tax.What is the tax base?
A.
B.
C.
43.  DEVELOPMENT ITEMS include the ff.-except-
A.
B.
C.
44.  As provided for by the Agrarian Reform Law, lands awarded to a tenant beneficiary cannot bethe subject of a conversion permit:
A.
B.
C.
45.  The document issued to buyers of unit in a condominium evidencing proof of his/herownership.
A.
B.
C.
46.  It is an anticipated list of activities for the achievement of a target by a unit or person
A.
B.
C.
47.  Refers to the inherent or implies the right of the state to interfere with or regulate privaterights in the interests of the public health, public safety, peace and order, public moral, publiccomfort & convenience d general welfare.
A.
B.
C.
48.  Spouses who were married after the effectivity of the family code without any pre-nuptialagreement shall be governed by
A.
B.
C.
49.  Capacity to pay shall be limited to an amount for which the monthly amortization shall notexceed ____% of the member's Net Disposable Income
A.
B.
C.
50.  The urban land use class includes public or government areas and special uses such ascemeteries and memorial parks
A.
B.
C.
51.  It is a general term used for a permanent or temporary community in which people live,without being specific as to size, population or importance.
A.
B.
C.
52.  The retention unit of landowners under the CARP is
A.
B.
C.
53.  In Philippine Laws, the equivalent of real estate is:
A.
B.
C.
54.  Mr. Villanueva inherited a piece of land when he was still single. Then he got married onOctober 1, 2000 without a marriage settlement. What is the nature of the property now that he is married? 
A.
B.
C.
55.  This is composed of different populations living together interacting as competitors, predatorand prey, or symbiotically.
A.
B.
C.
56.  Buyers in a subdivision or condominium project may file a criminal case againstOwner/Developer before the regular court.
A.
B.
C.
57.  Pre-selling of subdivislpn lot, or house and lot is allowed under PD 957.
A.
B.
C.
58.  In the phrase "save in cases of hereditary succession" in Sec.7, Art. XII (National Economyand Patrimony), Phil. Charter, what kind of transferee of private land does it refer to?
A.
B.
C.
59.  The thin film on the surface of the earth in which all life exists is called
A.
B.
C.
60.  A contract which is merely an executory contract or a mere promise to sell with no transfer ofownership
A.
B.
C.
61.  May be defined briefly as that which constitutes a just cause of exclusive possession, orwhich is the foundation of owner of property.
A.
B.
C.
62.  Sale of a subdivision lot resulting from partition of land among co-owners and heirs is requiredto secure license to sell from HLURB.
A.
B.
C.
63.  Where these areas have railways and canals for transports and housing and industry mixedtogether, the kind of settlement according to function
A.
B.
C.
64.  The living organisms are the ____components of an ecosystem.
A.
B.
C.
65.  Are types of condominium projects: -except?
A.
B.
C.
66.  Where the settlement has developed along a line, the kind of settlement according to shape
A.
B.
C.
67.  Right to foreclosure of real estate mortgage prescribes in
A.
B.
C.
68.  The law that protects buyers in a condominium of a subdivision project.
A.
B.
C.
69.  A tangible object or an intangible service that is mass produced or manufactured on a largescale with a specific volume of units.
A.
B.
C.
70.  It measures how much land and water area a human population requires to produce theresource it consumes and to absorb its wastes, using prevailing technology and also called"appropriated carrying capacity'.
A.
B.
C.
71.  Planning and designing a condominium project shall conform with the minimum designstandards prescribed by:
A.
B.
C.
72.  It refers to the rational and judicious approach of allocating available land resources todifferent land using activities
A.
B.
C.
73.  It is a spatial (non-spatial) and social process which refers to the changes of behavior andsocial relationships that occur in social dimensions as a result of people living in towns and cities
A.
B.
C.
74.  It is an interest in a real estate consisting of a separate interest in a building & an undividedinterest in common directly or indirectly in the land on which it is located.
A.
B.
C.
75.  For the exemption in payment of capital gains tax to be valid, within how many months fromthe sale or disposition of their principal residence should Jake and Rosie use the proceeds inacquiring or constructing their new principal residence:
A.
B.
C.
76.  If the value added tax is P720,000, what would be the selling price inclusive of VAT?
A.
B.
C.
77.  When the register of deeds is in doubt as to what proper action to take regarding a deed ofabsolute sale presented for registration, he may bring the question to the Land RegistrationAuthority by means of
A.
B.
C.
78.  It refers to a document embodying specific proposals for guiding, regulating growth anddevelopment of a city or municipality
A.
B.
C.
79.  Are the differences between condominium & a subdivision project:-except?
A.
B.
C.
80.  Jake and Rosie sold their house which is their principal residence. You as their broker have to advise them that the transaction is exempt from the capital gains tax if they spend how many percent of the sales proceeds in acquiring or constructing heir new principal residence?
A.
B.
C.
81.  You have just closed the sale of a 700 square meter commercial lot in Pasig. The sellingprice agreed upon is P35,000 per square meter. You have advise the seller, who has agreedto pay all the expenses, to prepare several checks,- The zonal valuation of the lot is P37,000 per sq. meter. What amounts should he indicate for the;capital gains tax?
A.
B.
C.
82.  If the owner / developer of a subdivision project will not donate the open spaces to the localgovernment, the ____ shall remain responsible for its the maintenance.
A.
B.
C.
83.  An adverse claim lapses after how many days from annotation in the certificate of land title?
A.
B.
C.
84.  In reference to Q#130, documentary stamps tax is?
A.
B.
C.
85.  HDMF Maximum Loan Term
A.
B.
C.
86.  To be able to sell and buy real property a person must already be legal age, or alsoreferred to as the age of emancipation. What is the legal age for a person to have capacity toenter into a contract of sale
A.
B.
C.
87.  Are features of P.D. 957: except?
A.
B.
C.
88.  What land of the public domain is alienable and disposable?
A.
B.
C.
89.  After the 1992 Rio Summit, it became a buzzword for measuring the health of the planet.And for referring to number of species found there
A.
B.
C.
90.  Maximum loan entitlement of Pag-ibig member paying P1,300D0 monthly contribution
A.
B.
C.
91.  It is the study of how organisms live and how they interact with their environment.
A.
B.
C.
92.  Are types of subdivision projects: except?
A.
B.
C.
93.  The owner of a house and lot located in Metro Manila lives in Canada and wanted to sell herhouse and lot and gave a power of attorney to her daughter to sell the property. The ownershould therefore execute this document in favor of her daughter to sell the property
A.
B.
C.
94.  It is used to describe the relationship if both species benefit from each other.
A.
B.
C.
95.  Donation of a property is void when:
A.
B.
C.
96.  In a legal contract/instrument between individuals as parties, the instrument must contain thefollowing data concerning the parties, except:
A.
B.
C.
97.  The Philippine Environmental Impact Statement (EIS) System was formally established in 1978 by virtue of ________
A.
B.
C.
98.  The following are lands of public domain, except
A.
B.
C.
99.  Property exclusively owned by the husband is called:
A.
B.
C.
100.  Type of management bodies for condominium projects allowed by law-except?
A.
B.
C.
101.  BIR has consistently ruled that the conveyance of condominium units including parking unitswithout consideration to the unit buyers/owners is
A.
B.
C.
102.  All ecological space that shares the same species, climate, animals, and plants is called
A.
B.
C.
103.  The Department of Justice has issued an opinion that there is no provision under theCondominium Act expressly prohibiting a 100% foreign-owned corporation from setting up acondominium project on
A.
B.
C.
104.  The adverse claim which has been annotated at the back of the title has a validity period of
A.
B.
C.
105.  If a person is married, she should state her marital status as married and also indicate thename of her husband in a sale of real property, The law that provides this requirement is referred to as
A.
B.
C.
106.  Which of these does not belong to the Greenhouse gases
A.
B.
C.