Real Estate Final Examination

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

  

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1.  Are types of complaints of buyers against the Owner/Developer  whichshall be filed withHLURB:-except?
A.
B.
C.
2.  Where the settlement has developed along a line, the kind of settlement according to shape
A.
B.
C.
3.  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.
4.  In the case of a property that is sold to two or more buyers who are all presumed to haveacted in good faith, who is the buyer who has a better right to the property?
A.
B.
C.
5.  R.A. 9225 (Citizenship Retention and Reacquisition Act) dated August 29, 2003, provides thatnatural born citizens of the Philippines, who have lost their citizenship by reason of theirnaturalization as citizens of a foreign country are deemed to have reacquired Philippinecitizenship (who shall thereafter enjoy full civil and political rights) after compliance with whatprocess?
A.
B.
C.
6.  This is composed of different populations living together interacting as competitors, predatorand prey, or symbiotically.
A.
B.
C.
7.  It is a process by which radiative energy leaving a planetary surface is absorbed by someatmospheric gases.
A.
B.
C.
8.  BIR has consistently ruled that the conveyance of condominium units including parking unitswithout consideration to the unit buyers/owners is
A.
B.
C.
9.  The Philippine Environmental Impact Statement (EIS) System was formally established in 1978 by virtue of ________
A.
B.
C.
10.  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.
11.  The 2 criteria for CARP coverage is suitability of the land for agriculture and
A.
B.
C.
12.  Payment of realty taxes shall be the sole responsibility of the buyers on installment paymentat all times.
A.
B.
C.
13.  The "bundle of rights theory" also means
A.
B.
C.
14.  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.
15.  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.
16.  Planning and designing a condominium project shall conform with the minimum designstandards prescribed by:
A.
B.
C.
17.  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.
18.  It is used to describe the relationship if both species benefit from each other.
A.
B.
C.
19.  In the conjugal partnership of gains, what kind of property does the spouses have conjugalpartnership on:
A.
B.
C.
20.  When the inherent features or characteristics of land have not been considerably altered ormodified, this type of land uses is
A.
B.
C.
21.  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.
22.  The legal right of the state to acquire property of a deceased who died without a will andwithout heirs is referred to as what
A.
B.
C.
23.  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.
24.  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.
25.  Application for an Original Certificate of Title (OCT) should contain the ff: except?
A.
B.
C.
26.  In Philippine Laws, the equivalent of real estate is:
A.
B.
C.
27.  Penalty for late payment of monthly amortization is computed
A.
B.
C.
28.  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.
29.  PD 1216 provides that upon completion of the road, alleys, sidewalks and playground shallbe donated by the developer to
A.
B.
C.
30.  A kind of possession of property that is actual, continuous, adversarial, visible and is requiredas an element of prescription:
A.
B.
C.
31.  Three (3) types of transactions, under PD 957, exempted from securing license to sell:-except?
A.
B.
C.
32.  DEVELOPMENT ITEMS include the ff.-except-
A.
B.
C.
33.  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.
34.  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.
35.  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.
36.  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.
37.  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.
38.  What is the current maximum selling price of a house & lot under BP 220 economic type ofsubdivision?
A.
B.
C.
39.  The document issued to buyers of unit in a condominium evidencing proof of his/herownership.
A.
B.
C.
40.  What land of the public domain is alienable and disposable?
A.
B.
C.
41.  It refers to a document embodying specific proposals for guiding, regulating growth anddevelopment of a city or municipality
A.
B.
C.
42.  It refers to meeting the needs of the present without compromising the ability of futuregenerations to meet their own needs
A.
B.
C.
43.  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.
44.  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.
45.  The contract of lease shall be binding even on third parties if the Contract of lease is
A.
B.
C.
46.  It is the study of how organisms live and how they interact with their environment.
A.
B.
C.
47.  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.
48.  In a legal contract/instrument between individuals as parties, the instrument must contain thefollowing data concerning the parties, except:
A.
B.
C.
49.  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.
50.  A document issued by the DENR that the proponent has complied with all the requirements ofthe Environmental Impact Statement System and that the proponent is committed to implement the project's Environmental Managemen Plan.
A.
B.
C.
51.  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.
52.  Condominium unit owners are mandated to font a
A.
B.
C.
53.  Type of management bodies for condominium projects allowed by law-except?
A.
B.
C.
54.  It has been singled out in the Local Government Code as the principal instrument forimplementing the CLUP.
A.
B.
C.
55.  A registered title under the Torrents system cannot be defeated by, prescription.
A.
B.
C.
56.  Are types of condominium projects: -except?
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.  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.
59.  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.
60.  The heirs of Mr. X inherited a piece of land and after the extrajudicial settlement of theestate, the title was transferred to the heirs and contained an annotation of Sec. 4, Rule 74 of the Rules of Court which provides that heirs who were not included in the settlement may claim within a period of _____.
A.
B.
C.
61.  Buyers in a subdivision or condominium project may file a criminal case againstOwner/Developer before the regular court.
A.
B.
C.
62.  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.
63.  A contract which is merely an executory contract or a mere promise to sell with no transfer ofownership
A.
B.
C.
64.  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.
65.  A document in order to be called a public instrument must be
A.
B.
C.
66.  Acronym that stands for the.sights of buyers in a subdivision project.
A.
B.
C.
67.  The thin film on the surface of the earth in which all life exists is called
A.
B.
C.
68.  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.
69.  The Owner/Developer may discourage the organization of Home Owners Association.
A.
B.
C.
70.  It is a process which tells o a development of all aspects of human life affecting sustenance.
A.
B.
C.
71.  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.
72.  Identify the housing program of the government & the project set tor intended for theunderprivileged and homeless citizens.
A.
B.
C.
73.  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.
74.  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.
75.  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.
76.  The following are lands of public domain, except
A.
B.
C.
77.  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.
78.  The registration of a deed of absolute is done with the Register of Deeds:Under whatgovernment agency is the Register of Deeds directly under and reporting to
A.
B.
C.
79.  Three of the following are important information in the documentation and registration of areal estate sale. Which information is false?
A.
B.
C.
80.  If the value added tax P720,000, what would be the selling price before VAT?
A.
B.
C.
81.  The Owner/Developer shall deliver the title of a lot to unit buyer upon full payment of lot orunit.
A.
B.
C.
82.  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.
83.  Mr. Castro owns a 240 sqm rectangular lot with a 12-meter frontage. He wanted to enclose itwith a fence made of hollow blocks, 1.7 meters high above the ground with 03 meters below the ground. The fence cost P750.00/sqm. How much will the fencing cost if a 4 feet meter wide steel gate costing P25,000.00 is installed?
A.
B.
C.
84.  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.
85.  Advertisement materials may contain disclaimers.
A.
B.
C.
86.  The retention unit of landowners under the CARP is
A.
B.
C.
87.  The minimum width of road required for residential projects falling under PD 957.
A.
B.
C.
88.  The law that authorized HLURB to promulgate standards different from the required by PD 957, building code & fire Code.
A.
B.
C.
89.  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.
90.  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.
91.  In reference to Q# 141, your 5% commission check is?
A.
B.
C.
92.  Mortgage of a subdivision project by the Owner/Developer requires _______ by HLURB.
A.
B.
C.
93.  Special power of attorney executed abroad must be authenticated by any of the following,EXCEPT
A.
B.
C.
94.  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.
95.  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.
96.  The adverse claim which has been annotated at the back of the title has a validity period of
A.
B.
C.
97.  A contract of sale whereby part of the purchase price is paid upon execution of the contractand the balance to be paid within a stipulated period and the property is mortgaged back to thevendor to secure the payment of the balance:
A.
B.
C.
98.  It is referring a characteristic of land wherein land is considered not reproducible.
A.
B.
C.
99.  HDMF Retention Fee (accounts secured by Contract to Sell) for loans over P 500,000.00 to P1,000,000.00
A.
B.
C.
100.  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.
101.  This refers to the rights or attributes which are inherent in, or appurtenant to ownership
A.
B.
C.
102.  HDMF Collateral Ratio to a P400,000.00 loan amount is:
A.
B.
C.
103.  Are parts of the condominium project classified as common area:-except?
A.
B.
C.
104.  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.
105.  Maximum loan entitlement of Pag-ibig member paying P1,300D0 monthly contribution
A.
B.
C.
106.  The Owner/Developer of a subdivision project may alter the subdivision plan without notifyingthe existing buyer.
A.
B.
C.
107.  This area. composed of a community and the physical environment it occupies is called
A.
B.
C.
108.  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.
109.  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.