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Real Estate Final Examination

200 Questions
Real Estate Quizzes & Trivia

Rizal Final Examination

Questions and Answers
  • 1. 
    The purposes of Land Registration Law in general, are: EXCEPT?
    • A. 

      To ascertain once and for all the absolute titles over a given landed property

    • B. 

      To make a certificate of title issued by the court to the owner of the land absolute proof of such title

    • C. 

      To decree that land title to be final, revocable, and disputable

  • 2. 
    A registered title under the Torrents system cannot be defeated by, prescription.
    • A. 

      TRUE

    • B. 

      FALSE

    • C. 

      SOMETIMES

  • 3. 
    May be defined briefly as that which constitutes a just cause of exclusive possession, orwhich is the foundation of owner of property.
    • A. 

      Deeds

    • B. 

      Titles

    • C. 

      Patents

  • 4. 
    Application for an Original Certificate of Title (OCT) should contain the ff: except?
    • A. 

      Name, citizenship, civil status

    • B. 

      Address, lot description

    • C. 

      Age

  • 5. 
    • A. 

      MRBs

    • B. 

      BTO

    • C. 

      LTO

  • 6. 
    A tangible object or an intangible service that is mass produced or manufactured on a largescale with a specific volume of units.
    • A. 

      Intangibles

    • B. 

      Product

    • C. 

      Brand

  • 7. 
    _____ explores how and why people adopt new ducts, services and ideas.
    • A. 

      Diffusion of innovations research

    • B. 

      Internal marketing

    • C. 

      Permission marketing

  • 8. 
    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. 

      Marketing Management

    • B. 

      Marketing

    • C. 

      Internal Marketing

  • 9. 
    Consequences of non-payment of assessment are: except?
    • A. 

      The management body may constitute a lien on the delinquent condominium unit by registering with the Register of Deeds a notice of assessment and delinquency.

    • B. 

      Such lien may be enforced in the same manner provided by law for the judicial or extra-judicial foreclosure of mortgage.

    • C. 

      The unit owner affected shall not have the same right of redemption as in cases of judicial or extrajudicial foreclosure of mortgage.

  • 10. 
    Contract of Sale is to Deed of Sale; Contract to Sell
    • A. 

      Dacion En Pago

    • B. 

      Deed of Conditional Sale

    • C. 

      Deed of Sale with Mortgage

  • 11. 
    Zonal value of a property can be obtained from
    • A. 

      Assessor's Office

    • B. 

      BIR

    • C. 

      Land Registration Administration

  • 12. 
    HDMF Collateral Ratio to a P400,000.00 loan amount is:
    • A. 

      80%

    • B. 

      95%

    • C. 

      100%

  • 13. 
    HDMF Maximum loan amount
    • A. 

      1 Million

    • B. 

      2 Million

    • C. 

      3 Million

  • 14. 
    HDMF Processing Fee
    • A. 

      P 1,000.00

    • B. 

      P 2,000.00

    • C. 

      P 3,000.00

  • 15. 
    HDMF Retention Fee (accounts secured by Contract to Sell) for loans over P 500,000.00 to P1,000,000.00
    • A. 

      6%

    • B. 

      7%

    • C. 

      7.5%

  • 16. 
    Penalty for late payment of monthly amortization is computed
    • A. 

      Monthly

    • B. 

      Weekly

    • C. 

      Daily

  • 17. 
    Maximum loan entitlement of Pag-ibig member paying P1,300D0 monthly contribution
    • A. 

      2.7M

    • B. 

      2.0 M

    • C. 

      1 M

  • 18. 
    Capacity to pay shall be limited to an amount for which the monthly amortization shall notexceed ____% of the member's Net Disposable Income
    • A. 

      20%

    • B. 

      30%

    • C. 

      40%

  • 19. 
    HDMF Maximum Loan Term
    • A. 

      20 years

    • B. 

      25 years

    • C. 

      30 years

  • 20. 
    The law that protects buyers in a condominium of a subdivision project.
    • A. 

      PD 957

    • B. 

      BP220

    • C. 

      PD 1586

  • 21. 
    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. 

      Escheat

    • B. 

      Police Power

    • C. 

      Taxation

  • 22. 
    • A. 

      EIS

    • B. 

      EIA

    • C. 

      ECC

  • 23. 
    Three (3) types of transactions, under PD 957, exempted from securing license to sell:-except?
    • A. 

      On site CMP

    • B. 

      NHA controlled buying

    • C. 

      Bulk buying with construction of housing units resulting in increased density from the original plan

  • 24. 
    Are powers of the HLURB: except?
    • A. 

      Regulate and adjudicate

    • B. 

      Issue License to sell

    • C. 

      Issue development permit

  • 25. 
    Are features of P.D. 957: except?
    • A. 

      Regulate sales of subdivision lots and condo units

    • B. 

      Defines sale to be covered by registration

    • C. 

      Set prices and discounts

  • 26. 
    Are types of condominium projects: -except?
    • A. 

      Bare condos

    • B. 

      Low-rise condos

    • C. 

      High-rise condos

  • 27. 
    Are types of subdivision projects: except?
    • A. 

      Residential

    • B. 

      Commercial

    • C. 

      Parking grounds

  • 28. 
    What is the current maximum selling price of a house & lot under BP 220 economic type ofsubdivision?
    • A. 

      1 Million

    • B. 

      1.25 Million

    • C. 

      1.5 Million

  • 29. 
    Identify the housing program of the government & the project set tor intended for theunderprivileged and homeless citizens.
    • A. 

      HGC - Home Guaranty Corporation

    • B. 

      NHA - National Housing Authority

    • C. 

      HUDCC - Housing Urban Development Coordinating Council

  • 30. 
    Are types of complaints of buyers against the Owner/Developer  whichshall be filed withHLURB:-except?
    • A. 

      Non-completion of project

    • B. 

      Non-issuance of title

    • C. 

      Non-issuance of official receipt of payments

  • 31. 
    The part/percentage of subdivision project allocated exclusively for parks, playgrounds &recreational use roads, aIleys & sidewalks classified under PD957.
    • A. 

      20%

    • B. 

      15%

    • C. 

      30%

  • 32. 
    The minimum width of road required for residential projects falling under PD 957.
    • A. 

      8 meters

    • B. 

      10 meters

    • C. 

      6 meters

  • 33. 
    The document issued to buyers of unit in a condominium evidencing proof of his/herownership.
    • A. 

      TCT

    • B. 

      OCT

    • C. 

      CCT

  • 34. 
    Acronym that stands for the.sights of buyers in a subdivision project.
    • A. 

      PAG-IBIG

    • B. 

      MATA NI DORO

    • C. 

      DUST

  • 35. 
    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. 

      Condominium Project

    • B. 

      Condominium Unit

    • C. 

      Condominium

  • 36. 
    Are the differences between condominium & a subdivision project:-except?
    • A. 

      Proof of ownership

    • B. 

      Common areas vs. open spaces

    • C. 

      Price

  • 37. 
    Are parts of the condominium project classified as common area:-except?
    • A. 

      Amenities

    • B. 

      Commercial units

    • C. 

      Lobby

  • 38. 
    The law that authorized HLURB to promulgate standards different from the required by PD 957, building code & fire Code.
    • A. 

      RA 7279

    • B. 

      RA 7160

    • C. 

      RA 7899

  • 39. 
    Buyers on installment may cease and desist from further payments of monthly amortization, ifthe owner/ developer failed to complete the project on time.
    • A. 

      True

    • B. 

      False

    • C. 

      Case-to-case

  • 40. 
    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. 

      True

    • B. 

      False

    • C. 

      Case-to-case

  • 41. 
    The Owner/Developer may discourage the organization of Home Owners Association.
    • A. 

      True

    • B. 

      False

    • C. 

      Case-to-case

  • 42. 
    Payment of realty taxes shall be the sole responsibility of the buyers on installment paymentat all times.
    • A. 

      True

    • B. 

      False

    • C. 

      Sometimes

  • 43. 
    The Owner/Developer may collect additional fees from buyers anytime.
    • A. 

      True

    • B. 

      False

    • C. 

      As the case may be

  • 44. 
    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. 

      True

    • B. 

      False

    • C. 

      Sometimes

  • 45. 
    A Zoning ordinance is a locally enacted legislation.
    • A. 

      True

    • B. 

      False

    • C. 

      Case-to-case

  • 46. 
    Mortgage of a subdivision project by the Owner/Developer requires _______ by HLURB.
    • A. 

      Prior written approval

    • B. 

      Written approval after bank take-out

    • C. 

      Verbal approval

  • 47. 
    Advertisement materials shall form part of the sales warranties enforceable against theOwner/ Developer.
    • A. 

      True

    • B. 

      False if there is a disclaimer

    • C. 

      Case-to-case

  • 48. 
    The Owner/Developer shall deliver the title of a lot to unit buyer upon full payment of lot orunit.
    • A. 

      True

    • B. 

      Depends if, it is available

    • C. 

      If buyer advances registration fees

  • 49. 
    The Owner/Developer of a subdivision project may alter the subdivision plan without notifyingthe existing buyer.
    • A. 

      False

    • B. 

      As long as HLURB is notified

    • C. 

      No need as long as there is a caveat "changes w/o prior notice"

  • 50. 
    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. 

      False

    • B. 

      Depends on the provisions of the DOS

    • C. 

      True

  • 51. 
    Advertisement materials may contain disclaimers.
    • A. 

      Definitely

    • B. 

      Not at all times

    • C. 

      Case to case

  • 52. 
    • A. 

      Cooperatives

    • B. 

      Corporations

    • C. 

      Single-proprietorship

  • 53. 
    Buyers in a subdivision or condominium project may file a criminal case againstOwner/Developer before the regular court.
    • A. 

      True

    • B. 

      Only after exhausting HLURB mediation

    • C. 

      False

  • 54. 
    The title of the land of a condominium project shall remain undivided at all times.
    • A. 

      True

    • B. 

      Depends on the Master Deed

    • C. 

      Depends on the condo association

  • 55. 
    Planning and designing a condominium project shall conform with the minimum designstandards prescribed by:
    • A. 

      HLURB and other existing laws

    • B. 

      Building Code

    • C. 

      Local government

  • 56. 
    Sale of a subdivision lot resulting from partition of land among co-owners and heirs is requiredto secure license to sell from HLURB.
    • A. 

      True

    • B. 

      False

    • C. 

      Sometimes

  • 57. 
    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. 

      Owner/developer

    • B. 

      Local government

    • C. 

      Association

  • 58. 
    Pre-selling of subdivislpn lot, or house and lot is allowed under PD 957.
    • A. 

      True

    • B. 

      False

    • C. 

      Needs HLURB approval

  • 59. 
    Spouses who were married after the effectivity of the family code without any pre-nuptialagreement shall be governed by
    • A. 

      Conjugal partnership of gains

    • B. 

      Partial community Property

    • C. 

      Absolute community of property

  • 60. 
    An adverse claim lapses after how many days from annotation in the certificate of land title?
    • A. 

      100 days

    • B. 

      30 days

    • C. 

      60 days

  • 61. 
    In case of sale of agricultural lands not exceeding five (5) hectares, aside from clearance fromDAR, buyer must also submit what document?
    • A. 

      Undertaking to surrender land in excess of retention limits

    • B. 

      Affidavit of compliance with CARL

    • C. 

      Affidavit of total or aggregate landholding

  • 62. 
    In general, a mortgagor who mortgaged his real property and later was foreclosedextrajudicial and sold at public auction may redeem the property within the period of
    • A. 

      Ninety (90) days from date of auction sale

    • B. 

      One (1) year from registration of certificate of sale

    • C. 

      One (1) year from date of auction sale

  • 63. 
    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. 

      Exclusive property

    • B. 

      Community property

    • C. 

      Conjugal property

  • 64. 
    What is legitime?
    • A. 

      What is legitime?

    • B. 

      An acknowledged heir

    • C. 

      Reserved property for compulsory heirs

  • 65. 
    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. 

      The national government

    • B. 

      A humanitarian institution

    • C. 

      An heir under Phil. Law on succession and inheritance

  • 66. 
    What land of the public domain is alienable and disposable?
    • A. 

      Forest and timber lands

    • B. 

      National parks

    • C. 

      Agricultural land

  • 67. 
    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. 

      Submission of an affidavit of good faith

    • B. 

      Taking an oath of allegiance

    • C. 

      Deposit of P1M w/bid

  • 68. 
    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. 

      6 years

    • B. 

      At least 10 years

    • C. 

      5 years continuous possession

  • 69. 
    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. 

      Five (5%) percent

    • B. 

      Fifty (50%) percent

    • C. 

      Twenty (20%) percent

  • 70. 
    The retention unit of landowners under the CARP is
    • A. 

      5 has for the landowners and 3has per child irrespective of age

    • B. 

      5 has for the landowners and 3 has per child who must be at least 15 years old

    • C. 

      5 has for the landowners and 3 has per child who must at least be 15 years old and is actually tilling the land or managing the farm

  • 71. 
    Condominium unit owners are mandated to font a
    • A. 

      Cooperative

    • B. 

      Charitable organization

    • C. 

      Condominium corporation

  • 72. 
    Enumerated are the advantages of Condominium Concept, which does not belong;
    • A. 

      Easy to maintain

    • B. 

      With TCT as proof of ownership

    • C. 

      Enhances affordability

  • 73. 
    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. 

      Ejectment compensation fund

    • B. 

      Tenant share remuneration

    • C. 

      Disturbance compensation

  • 74. 
    Right of way is a kind of
    • A. 

      Easement and servitude

    • B. 

      Accretion

    • C. 

      Setback

  • 75. 
    • A. 

      Rights of land beneficiary

    • B. 

      Rights of land beneficiary

    • C. 

      Rights of vendee-a-retro

  • 76. 
    In Philippine Laws, the equivalent of real estate is:
    • A. 

      Immovable property

    • B. 

      Chattel

    • C. 

      Realty

  • 77. 
    A real estate mortgage that covers several properties is called
    • A. 

      Closed mortgage

    • B. 

      Conventional mortgage

    • C. 

      Blanket mortgage

  • 78. 
    Husband and wife cannot sell property to each other except when a separation of property isagreed upon in the "ante-nuptial" contract and
    • A. 

      When their property relationship is one of absolute community or property

    • B. 

      When one of the spouses is accused of infidelity

    • C. 

      When there is a judicial separation of property

  • 79. 
    A contract which is merely an executory contract or a mere promise to sell with no transfer ofownership
    • A. 

      Conditional contract of sale

    • B. 

      Deed of sale with "Pacto de Retro"

    • C. 

      Contract to sell

  • 80. 
    Special power of attorney executed abroad must be authenticated by any of the following,EXCEPT
    • A. 

      OVVVVA

    • B. 

      Consul, Vice Consul or Consular agent

    • C. 

      Secretary of Legation

  • 81. 
    Right to foreclosure of real estate mortgage prescribes in
    • A. 

      1 year

    • B. 

      5 years

    • C. 

      10 years

  • 82. 
    Under RA 891, the maximum redemption period after extrajudicial foreclosure cf a=mortgageexecuted by a corporation in favor of a bank is:
    • A. 

      9 months

    • B. 

      18 months

    • C. 

      3 months

  • 83. 
    The contract of lease shall be binding even on third parties if the Contract of lease is
    • A. 

      Recorded with the Civil Registry

    • B. 

      Duly notarized

    • C. 

      Recorded in the registry of property

  • 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. 

      2 years

    • B. 

      4 years

    • C. 

      8 years

  • 85. 
    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. 

      40%

    • B. 

      25%

    • C. 

      10%

  • 86. 
    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. 

      Deed of sale with assumption of mortgage

    • B. 

      Deed of sale with warranty of payment of balance

    • C. 

      Deed of sale with mortgage

  • 87. 
    Registration of a contract of sale in the Registry of Deeds is not an element of sale because:
    • A. 

      It is dispensable to the contract

    • B. 

      It is a post-operative act to a contract

    • C. 

      It merely confirms not confers any new right

  • 88. 
    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. 

      Probate proceedings

    • B. 

      Reconstitution of land title

    • C. 

      Petition to remove cloud on title

  • 89. 
    A kind of possession of property that is actual, continuous, adversarial, visible and is requiredas an element of prescription:
    • A. 

      Adverse possession

    • B. 

      Possession physical and public

    • C. 

      Adverse claim

  • 90. 
    In the conjugal partnership of gains, what kind of property does the spouses have conjugalpartnership on:
    • A. 

      Winnings from a game of chance

    • B. 

      Income realized by spouses during the marriage

    • C. 

      Property owned by spouses exclusively

  • 91. 
    The 2 criteria for CARP coverage is suitability of the land for agriculture and
    • A. 

      Its possibility of acquisition

    • B. 

      Lts right of way

    • C. 

      Its classification

  • 92. 
    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. 

      Eminent domain

    • B. 

      Demise

    • C. 

      Escheat

  • 93. 
    In a legal contract/instrument between individuals as parties, the instrument must contain thefollowing data concerning the parties, except:
    • A. 

      Capacity and personality in the contract

    • B. 

      Civil status and citizenship

    • C. 

      Board resolution

  • 94. 
    In a contract to sell by a corporation, the instrument must include the following except:
    • A. 

      The firm has legal right to own in the Philippines in case ownership is to , be transferred

    • B. 

      Contract is duly authorized by proper Board Resolutions of the Directors '

    • C. 

      Financial statement of the Corporation

  • 95. 
    Property exclusively owned by the husband is called:
    • A. 

      Chattel

    • B. 

      Paraphernal property

    • C. 

      Capital property

  • 96. 
    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. 

      Heirs

    • B. 

      The parents of the deceased

    • C. 

      Creditors

  • 97. 
    Which of the following is not en example of in involuntary alienation?
    • A. 

      Expropriation

    • B. 

      Adverse possession

    • C. 

      Tax deficiency sale

  • 98. 
    Assuming due cause , for foreclosure; what s the condition for a real estate mortgage to beforeclosed extra judicially?
    • A. 

      When parties involved want to avoid litigation

    • B. 

      When there is a special power to sell inserted in or attached to the mortgage contract

    • C. 

      When the mortgagee is not a juridical person

  • 99. 
    As provided for by the Agrarian Reform Law, lands awarded to a tenant beneficiary cannot bethe subject of a conversion permit:
    • A. 

      Within 5 years from grant of emancipation patent

    • B. 

      Within 10 years from grant of emancipation patent

    • C. 

      None of the above

  • 100. 
    Donation of a property is void when:
    • A. 

      The donor stipulates that the property shall not be occupied by the done until after the donor's death

    • B. 

      The donor is donating to his mistress who has been charged and found guilty of adultery

    • C. 

      The donor stipulates that the donee give the fruits of the land for one year to his siblings

  • 101. 
    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. 

      The buyer staying in the property

    • B. 

      The buyer who is registered as owner in the Barangay records

    • C. 

      The buyer who first registered or recorded the sale with the Register of Deeds

  • 102. 
    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. 

      One year

    • B. 

      Two years from time of death

    • C. 

      Two years from date of registration

  • 103. 
    The adverse claim which has been annotated at the back of the title has a validity period of
    • A. 

      30 days

    • B. 

      60 days

    • C. 

      Until canceled by the court

  • 104. 
    Juan checked the title of the land he was intending to buy and upon verification he foundout that there was a notice of lis pendens at the back of the title. This means that:
    • A. 

      The property is under lease

    • B. 

      The property has back taxes pending'

    • C. 

      The property is subject of a pending case

  • 105. 
    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. 

      Private Grant

    • B. 

      Involuntary Grant

    • C. 

      Voluntary Grant

  • 106. 
    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. 

      Memorandum of Question

    • B. 

      Consulta

    • C. 

      Civil Case to LRA

  • 107. 
    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. 

      Deed of Absolute Sale

    • B. 

      Contract of Sale

    • C. 

      Affidavit under BP 185

  • 108. 
    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. 

      100 sqms.

    • B. 

      500 sqms.

    • C. 

      1,000 sqms.

  • 109. 
    The Foreign Investments Act of 1991 allows former natural born Filipinos to acquire land forbusiness purpose in a rural area not to exceed an area of
    • A. 

      5,000 sqms

    • B. 

      1 hectare

    • C. 

      3 hectares.

  • 110. 
    Mr. C rented out a condominium unit to a foreigner, Mr. X and Mr. X paid the deposit and theadvance rental while Mr. C gave the keys to the unit to the foreigner. The contract of lease wasnot put down in writing, it is therefore
    • A. 

      Valid

    • B. 

      Void

    • C. 

      Voidable

  • 111. 
    Which of the following lands of the public domain may be alienated or disposed of by thegovernment?
    • A. 

      National Parks

    • B. 

      Timberland

    • C. 

      Agricultural

  • 112. 
    This refers to the rights or attributes which are inherent in, or appurtenant to ownership
    • A. 

      Bundle of Attributes

    • B. 

      Bundle of Rights

    • C. 

      Steward Concept

  • 113. 
    In acquisition of title through hereditary succession or inheritance, the rights of thedeceased person are transmitted to the heirs at what point in time
    • A. 

      Upon death of the deceased

    • B. 

      Upon getting death certificate

    • C. 

      After burial of the deceased

  • 114. 
    A document in order to be called a public instrument must be
    • A. 

      Open to the public

    • B. 

      Sworn to and duly notarized

    • C. 

      Stamped received by the RD

  • 115. 
    The following are lands of the public domain, except
    • A. 

      Forest

    • B. 

      National Parks

    • C. 

      Commercial

  • 116. 
    The following are lands of public domain, except
    • A. 

      National Parks

    • B. 

      Commercial

    • C. 

      Agricultural

  • 117. 
    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. 

      16 years old

    • B. 

      18 years old

    • C. 

      18 years old but with legal guardian

  • 118. 
    A former natural born Filipino who migrated to Canada may still own land in the Philippineseven if already a Canadian citizen through
    • A. 

      Purchase of land

    • B. 

      Donation of land to the Canadian

    • C. 

      By hereditary succession

  • 119. 
    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. 

      Must be a former natural born citizen

    • B. 

      Must be a former Filipino

    • C. 

      Must be born of both Filipino parents

  • 120. 
    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. 

      PD 957

    • B. 

      PD 1529

    • C. 

      RA 6552

  • 121. 
    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. 

      The corporate secretary

    • B. 

      The Vice-President for Real Estate

    • C. 

      The person authorized by a board resolution

  • 122. 
    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. 

      The Property Registration Decree

    • B. 

      The Property Title Registration law

    • C. 

      The Property and Registration law

  • 123. 
    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. 

      Exact address of the lot

    • B. 

      Direction of the lot

    • C. 

      TCT No.

  • 124. 
    A deed of absolute sale of a parcel of land signed by the buyer and the seller but notnotarized is considered
    • A. 

      Void

    • B. 

      Valid

    • C. 

      Voidable

  • 125. 
    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. 

      Special power of attorney

    • B. 

      General power of attorney

    • C. 

      Authority letter

  • 126. 
    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. 

      Makati City

    • B. 

      Quezon City

    • C. 

      Pasig City

  • 127. 
    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. 

      Driver's License

    • B. 

      Community Tax Certificate

    • C. 

      Passport

  • 128. 
    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. 

      Police Report

    • B. 

      Barangay report of loss

    • C. 

      Affidavit of Loss

  • 129. 
    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. 

      Department of Justice

    • B. 

      Land Registration Authority

    • C. 

      Bureau of Lands

  • 130. 
    • A. 

      P1,554,000.00

    • B. 

      P1,388,500.00

    • C. 

      P1,225,000.00

  • 131. 
    In reference to Q#130, documentary stamps tax is?
    • A. 

      P367,500.00

    • B. 

      P388,500.00

    • C. 

      P390,000.00

  • 132. 
    In reference to Q# 141, your 5% commission check is?
    • A. 

      P1,554,000.00

    • B. 

      P1,388,500.00

    • C. 

      P1 ,225,000.00

  • 133. 
    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. 

      P3,644,375.00

    • B. 

      P1,822,187.50

    • C. 

      P1,244,375.00

  • 134. 
    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. 

      2,000,000

    • B. 

      3,000,000

    • C. 

      3,500.000

  • 135. 
    • A. 

      150,000.00

    • B. 

      180,000.00

    • C. 

      210,000.00

  • 136. 
    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 documentary tax?
    • A. 

      30,000.00

    • B. 

      37,500.00

    • C. 

      45,000.00

  • 137. 
    If the value added tax P720,000, what would be the selling price before VAT?
    • A. 

      P5,000,000

    • B. 

      P6,000,000

    • C. 

      P7,000,000

  • 138. 
    If the value added tax is P720,000, what would be the selling price inclusive of VAT?
    • A. 

      5,720,000

    • B. 

      6,720,000

    • C. 

      7,720,000:

  • 139. 
    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. 

      Within 30 days from date of sale

    • B. 

      Within 60 days from date- of-sale

    • C. 

      Withhin 30 days from date of notarization of sale

  • 140. 
    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. 

      10% interest p.a.

    • B. 

      20% interest p.a.

    • C. 

      25% interest p.a

  • 141. 
    The sale by a dealer of a residential property is not subject to E-VAT when the price doesnot exceed:
    • A. 

      1.000,000.00

    • B. 

      2,500,000.00

    • C. 

      3,000,000.00

  • 142. 
    Three of the following are important information in the documentation and registration of areal estate sale. Which information is false?
    • A. 

      Capital Gains Tax is 6% , pf the total contract price or zonal valuation, whichever is higher

    • B. 

      Documentary Stamps. Tax is 1,5% of the total contract price or zonal valuation, whichever is higher

    • C. 

      Transfer fees are computed at 1.5% of the total contract price or zonal valuation, whichever is higher

  • 143. 
    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. 

      4,250,000.00

    • B. 

      4,455,000.00

    • C. 

      4,375,000.00

  • 144. 
    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. 

      50%

    • B. 

      75%

    • C. 

      100%

  • 145. 
    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. 

      24 months

    • B. 

      36 months

    • C. 

      18 months

  • 146. 
    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. 

      24 months

    • B. 

      2 years

    • C. 

      10 years

  • 147. 
    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. 

      Certificate Authorizing Payment

    • B. 

      Certificate Authorizing Registration

    • C. 

      Certificate of Payment

  • 148. 
    It is the study of how organisms live and how they interact with their environment.
    • A. 

      Biology

    • B. 

      Botany

    • C. 

      Ecology

  • 149. 
    The group interacting and interbreeding organism of the same species
    • A. 

      Community

    • B. 

      Organism

    • C. 

      Population

  • 150. 
    This is composed of different populations living together interacting as competitors, predatorand prey, or symbiotically.
    • A. 

      Community

    • B. 

      Organism

    • C. 

      Biome

  • 151. 
    The thin film on the surface of the earth in which all life exists is called
    • A. 

      Geosphere

    • B. 

      Biosphere

    • C. 

      Hydrosphere

  • 152. 
    This area. composed of a community and the physical environment it occupies is called
    • A. 

      Ecosystem

    • B. 

      Biome

    • C. 

      Biosphere

  • 153. 
    The living organisms are the ____components of an ecosystem.
    • A. 

      Biotic

    • B. 

      Abiotic

    • C. 

      Social

  • 154. 
    It is a process by which radiative energy leaving a planetary surface is absorbed by someatmospheric gases.
    • A. 

      Nutrient Cycle

    • B. 

      Carbon Cycle

    • C. 

      Greenhouse Effect

  • 155. 
    Which of these does not belong to the Greenhouse gases
    • A. 

      Water vapor

    • B. 

      Carbon dioxide

    • C. 

      Oxygen

  • 156. 
    All ecological space that shares the same species, climate, animals, and plants is called
    • A. 

      Environment

    • B. 

      Biome

    • C. 

      Habitat

  • 157. 
    PD 1216 provides that upon completion of the road, alleys, sidewalks and playground shallbe donated by the developer to
    • A. 

      Local Government

    • B. 

      Home Owners Association

    • C. 

      HLURB

  • 158. 
    It is used to describe the relationship if both species benefit from each other.
    • A. 

      Symbiosis

    • B. 

      Mutualism

    • C. 

      Co-evolution

  • 159. 
    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. 

      Biodiversity

    • B. 

      Ecological Footprint

    • C. 

      Conservation

  • 160. 
    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. 

      Biodiversity

    • B. 

      Ecological Footprint

    • C. 

      Conservation

  • 161. 
    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. 

      Biodiversity

    • B. 

      Ecological Footprint

    • C. 

      Conservation

  • 162. 
    It refers to meeting the needs of the present without compromising the ability of futuregenerations to meet their own needs
    • A. 

      Ecological Footprint

    • B. 

      Conservation

    • C. 

      Sustainable Development

  • 163. 
    T is the national agenda for sustainable development It outlines the integrating strategies forthe country's overall sustainable development and identifies the intervention areas from thenational to the regional level.
    • A. 

      PA 20

    • B. 

      PA 21

    • C. 

      SD 21

  • 164. 
    The Philippine Environmental Impact Statement (EIS) System was formally established in 1978 by virtue of ________
    • A. 

      PD No. 1586

    • B. 

      RA No. 1586

    • C. 

      RA No. 6465

  • 165. 
    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. 

      Tax Map

    • B. 

      Land use plan

    • C. 

      Land use map

  • 166. 
    It refers to a document embodying specific proposals for guiding, regulating growth anddevelopment of a city or municipality
    • A. 

      Building Code

    • B. 

      Zoning ordinance

    • C. 

      Comprehensive Land Use Plan

  • 167. 
    It is the.guide to the proper location of activities in space.
    • A. 

      Tax map

    • B. 

      Land use map

    • C. 

      Zoning

  • 168. 
    It has been singled out in the Local Government Code as the principal instrument forimplementing the CLUP.
    • A. 

      Building code

    • B. 

      Zoning ordinance

    • C. 

      Tax map

  • 169. 
    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. 

      Production

    • B. 

      Infrastructure

    • C. 

      Protection

  • 170. 
    It is a land use policy area which deals with capital investments that support spatialintegration, production efficiency and social service delivery.
    • A. 

      Production

    • B. 

      Infrastructure

    • C. 

      Protection

  • 171. 
    It is a land use policy area which is focused on economic production from the extractive tothe modern service sectors.
    • A. 

      Production

    • B. 

      Infrastructure

    • C. 

      Protection

  • 172. 
    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. 

      Urban Growth

    • B. 

      Urbanisation

    • C. 

      Globalization

  • 173. 
    It is a process which tells o a development of all aspects of human life affecting sustenance.
    • A. 

      Urbanization

    • B. 

      Sustainability

    • C. 

      Globalization

  • 174. 
    They rely on a local and agricultural-based economy with dependencies 011 services, suchas hospitals and educational establishments in nearby urban centers
    • A. 

      Rural settlements

    • B. 

      Urban Settlements

    • C. 

      Both rural and urban settlements

  • 175. 
    They are more expansive and contain a wide range of land uses
    • A. 

      Rural settlements

    • B. 

      Urban Settlements

    • C. 

      Both rural and urban settlements

  • 176. 
    It is an anticipated list of activities for the achievement of a target by a unit or person
    • A. 

      Planning

    • B. 

      Planning Process

    • C. 

      Problem setting

  • 177. 
    It refers to the rational and judicious approach of allocating available land resources todifferent land using activities
    • A. 

      Urbanization

    • B. 

      Land reform

    • C. 

      Land use planning

  • 178. 
    This urban land use class refers to manufacturing areas consisting of factories
    • A. 

      Industrial

    • B. 

      Residential

    • C. 

      Open space

  • 179. 
    The urban land use class includes public or government areas and special uses such ascemeteries and memorial parks
    • A. 

      Institutional

    • B. 

      Residential

    • C. 

      Industrial

  • 180. 
    This urban land use class includes single- and multiple-family dwellings
    • A. 

      Institutional

    • B. 

      Residential

    • C. 

      Industrial

  • 181. 
    When the inherent features or characteristics of land have not been considerably altered ormodified, this type of land uses is
    • A. 

      Combined or multiple land uses

    • B. 

      Reversible

    • C. 

      Compatible

  • 182. 
    When land uses can be combined in a single site or parcel of land at the same time, thistype of land uses is
    • A. 

      Irreversible

    • B. 

      Combined or multiple land uses

    • C. 

      Compatible

  • 183. 
    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. 

      Irreversible

    • B. 

      Combined or multiple land uses

    • C. 

      Compatible

  • 184. 
    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. 

      Settlement

    • B. 

      Barangay

    • C. 

      Housing

  • 185. 
    Where the settlement has developed along a line, the kind of settlement according to shape
    • A. 

      Dispersed

    • B. 

      Nucleated

    • C. 

      Linear

  • 186. 
    Where the buildings are spread apart, the kind of settlement according to shape
    • A. 

      Radial

    • B. 

      Dispersed

    • C. 

      Nucleated

  • 187. 
    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. 

      Market towns

    • B. 

      Ports

    • C. 

      Industrial towns

  • 188. 
    Where these areas have railways and canals for transports and housing and industry mixedtogether, the kind of settlement according to function
    • A. 

      Market towns

    • B. 

      Ports

    • C. 

      Industrial towns

  • 189. 
    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. 

      Land as consumption good

    • B. 

      Land as shared natural resource.

    • C. 

      Land as property

  • 190. 
    It is referring to a characteristic of land wherein land is considered fixed in place.
    • A. 

      Immobility

    • B. 

      Finiteness

    • C. 

      Infiniteness

  • 191. 
    It is referring a characteristic of land wherein land is considered not reproducible.
    • A. 

      Immobility

    • B. 

      Mobility

    • C. 

      Finiteness

  • 192. 
    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. 

      Leased land

    • B. 

      Purchased land

    • C. 

      Lease-to-own land

  • 193. 
    Long-term lease of private lands by foreign investors is governed by the Investor's LeaseAct, which lists down the following conditions: except-
    • A. 

      The lease contract shall be for a period not exceeding 75 years, renewable for a period , of not more than 20 years.

    • B. 

      The leased area shall be used solely for the purpose of the investment.

    • C. 

      The leased premises shall compromise such area as may be reasonably required for the purpose of the investment.

  • 194. 
    BIR has consistently ruled that the conveyance of condominium units including parking unitswithout consideration to the unit buyers/owners is
    • A. 

      Not subject to tax

    • B. 

      Subject to tax

    • C. 

      Subject to tax in a case-to-case basis

  • 195. 
    The life of the condominium corporation shall be co-terminus with the life of the-
    • A. 

      Condominium project unless the corporation is earlier dissolve

    • B. 

      Building unless the structure is earlier destroyed

    • C. 

      Condominium units

  • 196. 
    DEVELOPMENT ITEMS include the ff.-except.
    • A. 

      Clearing and grubbing, cut and fill, and/or backfilling

    • B. 

      Roads, curbs and gutters, sidewalks, planting strips

    • C. 

      Ravine, creek and natural waterways

  • 197. 
    DEVELOPMENT ITEMS include the ff.-except-
    • A. 

      Clearing and grubbing, cut and fill, and/or backfilling

    • B. 

      Roads, curbs and gutters, sidewalks, planting strips

    • C. 

      Ravine, creek and natural waterways

  • 198. 
    A passageway with only one outlet. A blind alley.
    • A. 

      Key lot

    • B. 

      Chaplan

    • C. 

      Cul-de-sac

  • 199. 
    — a lot adjoining a corner lot and fronting an intersecting street.
    • A. 

      Key lot

    • B. 

      Chaplan

    • C. 

      Cul-de-sac

  • 200. 
    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. 

      P90,000.00

    • B. 

      P125,000.00

    • C. 

      P115,000.00