Real Estate Final Examination

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

  

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1.  Assuming due cause , for foreclosure; what s the condition for a real estate mortgage to beforeclosed extra judicially?
A.
B.
C.
2.  They rely on a local and agricultural-based economy with dependencies 011 services, suchas hospitals and educational establishments in nearby urban centers
A.
B.
C.
3.  The Owner/Developer shall deliver the title of a lot to unit buyer upon full payment of lot orunit.
A.
B.
C.
4.  It refers to a document embodying specific proposals for guiding, regulating growth anddevelopment of a city or municipality
A.
B.
C.
5.  In case of sale of agricultural lands not exceeding five (5) hectares, aside from clearance fromDAR, buyer must also submit what document?
A.
B.
C.
6.  The activity, set of institutions, and processes for creating, communicating, delivering, andexchanging offerings that have value for customers, clients, partners, and society at large.
A.
B.
C.
7.  It refers to meeting the needs of the present without compromising the ability of futuregenerations to meet their own needs
A.
B.
C.
8.  Donation of a property is void when:
A.
B.
C.
9.  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.
10.  This urban land use class refers to manufacturing areas consisting of factories
A.
B.
C.
11.  What is that cash or payment in kind given by landowner or developer to tenants, farmworkers or bonafide occupants to be affected by the DAR conversion?
A.
B.
C.
12.  Right of way is a kind of
A.
B.
C.
13.  BIR has consistently ruled that the conveyance of condominium units including parking unitswithout consideration to the unit buyers/owners is
A.
B.
C.
14.  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.
15.  DEVELOPMENT ITEMS include the ff.-except-
A.
B.
C.
16.  Zonal value of a property can be obtained from
A.
B.
C.
17.  The Philippine Environmental Impact Statement (EIS) System was formally established in 1978 by virtue of ________
A.
B.
C.
18.  A contract which is merely an executory contract or a mere promise to sell with no transfer ofownership
A.
B.
C.
19.  Advertisement materials may contain disclaimers.
A.
B.
C.
20.  A couple was delinquent in the payment of real estate taxes on their house and lot locatedin Quezon City and so the property was sold by the city government at public auction due to the delinquent taxes. The mode of acquisition of title in this case is referred to as
A.
B.
C.
21.  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.
22.  Advertisement materials shall form part of the sales warranties enforceable against theOwner/ Developer.
A.
B.
C.
23.  The administrative reconstitution under RA No 6732 of lost or destroyed certificates in theRegistry of Deeds may be availed when the number of certificates lost or destroyed is at least_____of all times in the Registry
A.
B.
C.
24.  After full payment of capital gains tax and documentary stamp tax on sale of a piece of land,the BIR shall then issue this document to the taxpayer
A.
B.
C.
25.  A document in order to be called a public instrument must be
A.
B.
C.
26.  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.
27.  A deed of absolute sale of a parcel of land signed by the buyer and the seller but notnotarized is considered
A.
B.
C.
28.  The following are lands of the public domain, except
A.
B.
C.
29.  What is legitime?
A.
B.
C.
30.  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.
31.  In a legal contract/instrument between individuals as parties, the instrument must contain thefollowing data concerning the parties, except:
A.
B.
C.
32.  On a Pacto de Retro contract of sale which there is no stipulation of the period to which thevendor shall have the right to buy back or redeem of the property, the period of redemption shall be:
A.
B.
C.
33.  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.
34.  _____ explores how and why people adopt new ducts, services and ideas.
A.
B.
C.
35.  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.
36.  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.
37.  A former natural born Filipino who migrated to Canada may still own land in the Philippineseven if already a Canadian citizen through
A.
B.
C.
38.  Are types of subdivision projects: except?
A.
B.
C.
39.  The transfer tax on the sale of real property shall be paid to the local government, under thelocal government code, within a period of:
A.
B.
C.
40.  The seller of a family home who fails to utilize the proceeds to acquire a new residencewithin 18 months from the sale shall be assessed an additional deficiency capital gains taxinclusive of penalties and and surcharges of:
A.
B.
C.
41.  What is the current maximum selling price of a house & lot under BP 220 economic type ofsubdivision?
A.
B.
C.
42.  It is a process which tells o a development of all aspects of human life affecting sustenance.
A.
B.
C.
43.  Payment of realty taxes shall be the sole responsibility of the buyers on installment paymentat all times.
A.
B.
C.
44.  The mortgagee of a subdivision or condominium project can hold the release of titles to fully paid buyers until full payment of obligations of the mortgagor.
A.
B.
C.
45.  Identify the housing program of the government & the project set tor intended for theunderprivileged and homeless citizens.
A.
B.
C.
46.  Under RA 891, the maximum redemption period after extrajudicial foreclosure cf a=mortgageexecuted by a corporation in favor of a bank is:
A.
B.
C.
47.  Registration of a contract of sale in the Registry of Deeds is not an element of sale because:
A.
B.
C.
48.  Real property declared for the first time shall be assessed for the period during which itwould have been liable but in no case for more than
A.
B.
C.
49.  In Philippine Laws, the equivalent of real estate is:
A.
B.
C.
50.  Three of the following are important information in the documentation and registration of areal estate sale. Which information is false?
A.
B.
C.
51.  Which of the following is not en example of in involuntary alienation?
A.
B.
C.
52.  If the value added tax is P720,000, what would be the selling price inclusive of VAT?
A.
B.
C.
53.  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.
54.  Where the buildings are spread apart, the kind of settlement according to shape
A.
B.
C.
55.  When the inherent features or characteristics of land have not been considerably altered ormodified, this type of land uses is
A.
B.
C.
56.  For the subdivision with an area of one (1) hectare and above, allocation of reserved 30% ofthe gross area for open spaces is not mandatory.
A.
B.
C.
57.  This law governs the titling and other transfers of title and encumbrances and other incidentsof involving ,the transfer certificate of title and is referred to as Presidential Decree No. 1529 is called
A.
B.
C.
58.  Buyers on installment may cease and desist from further payments of monthly amortization, ifthe owner/ developer failed to complete the project on time.
A.
B.
C.
59.  Are parts of the condominium project classified as common area:-except?
A.
B.
C.
60.  Husband and wife cannot sell property to each other except when a separation of property isagreed upon in the "ante-nuptial" contract and
A.
B.
C.
61.  HDMF Maximum loan amount
A.
B.
C.
62.  The group interacting and interbreeding organism of the same species
A.
B.
C.
63.  It is used to describe the relationship if both species benefit from each other.
A.
B.
C.
64.  The following are lands of public domain, except
A.
B.
C.
65.  It is an anticipated list of activities for the achievement of a target by a unit or person
A.
B.
C.
66.  Planning and designing a condominium project shall conform with the minimum designstandards prescribed by:
A.
B.
C.
67.  This refers to the rights or attributes which are inherent in, or appurtenant to ownership
A.
B.
C.
68.  When land is subject to applications which bring about changes, alterations, and modifications so much so that it preempts the original use or it is physically impossible to restore the land to its previous state or conditions, this type of land use is
A.
B.
C.
69.  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.
70.  DEVELOPMENT ITEMS include the ff.-except.
A.
B.
C.
71.  The urban land use class includes public or government areas and special uses such ascemeteries and memorial parks
A.
B.
C.
72.  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.
73.  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.
74.  The Owner/Developer of a subdivision project may alter the subdivision plan without notifyingthe existing buyer.
A.
B.
C.
75.  The retention unit of landowners under the CARP is
A.
B.
C.
76.  It is a land use policy area which deals with capital investments that support spatialintegration, production efficiency and social service delivery.
A.
B.
C.
77.  Annotation of Section 4, Rule 74 of the Rules of Court on the title to the property of adeceased person, a surviving spouse and children ; provides that the property shall be subject to the rights of three of the following. Who among the four does not have the right to the subject property?
A.
B.
C.
78.  The sale by a dealer of a residential property is not subject to E-VAT when the price doesnot exceed:
A.
B.
C.
79.  The adverse claim which has been annotated at the back of the title has a validity period of
A.
B.
C.
80.  In a sale of a parcel of land it is required that in a contract it must be identifiable and clearlydefined and it is necessary to indicate the
A.
B.
C.
81.  Enumerated are the advantages of Condominium Concept, which does not belong;
A.
B.
C.
82.  Acronym that stands for the.sights of buyers in a subdivision project.
A.
B.
C.
83.  Right to foreclosure of real estate mortgage prescribes in
A.
B.
C.
84.  The Owner/Developer may collect additional fees from buyers anytime.
A.
B.
C.
85.  In a contract to sell by a corporation, the instrument must include the following except:
A.
B.
C.
86.  Under BP 185, a former natural born Filipino may acquire residential land in the Philippineseven if already a foreign citizen provided that it should not exceed the following area in case ofurban land.
A.
B.
C.
87.  A passageway with only one outlet. A blind alley.
A.
B.
C.
88.  HDMF Maximum Loan Term
A.
B.
C.
89.  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.
90.  As provided for by the Agrarian Reform Law, lands awarded to a tenant beneficiary cannot bethe subject of a conversion permit:
A.
B.
C.
91.  The document issued to buyers of unit in a condominium evidencing proof of his/herownership.
A.
B.
C.
92.  This urban land use class includes single- and multiple-family dwellings
A.
B.
C.
93.  It is referring a characteristic of land wherein land is considered not reproducible.
A.
B.
C.
94.  A Zoning ordinance is a locally enacted legislation.
A.
B.
C.
95.  In the event that Mr. Jose, who was a former natural born Filipino and who became anAustralian citizen would like to acquire land in the Philippines for the purpose of buying aresidential house and lot, Mr. Jose must execute the following additional document in order toacquire said land
A.
B.
C.
96.  1t is a document that outlines the preferred future spatial arrangement of land uses, with a setof proposed actions to turn the plan a reality.
A.
B.
C.
97.  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.
98.  They are more expansive and contain a wide range of land uses
A.
B.
C.
99.  It is a land use policy area which is focused on economic production from the extractive tothe modern service sectors.
A.
B.
C.
100.  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.How much is the capital gains tax?
A.
B.
C.
101.  The title of the land of a condominium project shall remain undivided at all times.
A.
B.
C.
102.  Condominium unit owners are mandated to font a
A.
B.
C.
103.  Are types of condominium projects: -except?
A.
B.
C.
104.  PD 1216 provides that upon completion of the road, alleys, sidewalks and playground shallbe donated by the developer to
A.
B.
C.
105.  The contract of lease shall be binding even on third parties if the Contract of lease is
A.
B.
C.
106.  Three (3) types of transactions, under PD 957, exempted from securing license to sell:-except?
A.
B.
C.
107.  The life of the condominium corporation shall be co-terminus with the life of the-
A.
B.
C.
108.  Buyers in a subdivision or condominium project may file a criminal case againstOwner/Developer before the regular court.
A.
B.
C.
109.  Property exclusively owned by the husband is called:
A.
B.
C.
110.  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.
111.  Are types of complaints of buyers against the Owner/Developer  whichshall be filed withHLURB:-except?
A.
B.
C.