Real Estate Terminologies

1. Amortization

The periodic payment which includes principal

The periodic payment which includes interest

The periodic payment which includes principal and interest

None of the above

2. Earnest money

Amount accompanying offer to purchase to show good faith or genuine desire of the buyer

Amount accompanying letter of intent to show good faith in the future.--

Amount of no specified value to show good faith in a given transactions

None of the above

3. Failure to fulfill a duty to an obligation or to perform any act in writing that has been agree upon

Deficiency

Default

Unearned increment

Multiplier effect

4. A condition where demand is more than supply

Property owners market

Sellers market

Sellers preference

Choice properties

5. Sellers Market

6. Just compensation

Payment of a fair and reasonable amount for a property taken from a private person by the government body

Payment of a fair and reasonable amount for a property taken from a private person by another private entity

Payment of a fair and reasonable amount for a property taken from a private person by another non government office

None of the above

7. An appraisal principle which holds that the value of a property tends to be enhanced by
association with, superior properties.

Principle of addition

Principle of progression

Principle of value added

Principle Of multiplier effect

8. Real Estate

Refers to land sea air and useful improvements thereon

Refers to land and all improvements thereon

Refers to land and useful improvement thereon

Refers to land and selected improvement thereon

9. An appraisal principle which holds that the value of a property tends to be adversely affected by association with inferior properties

Principle of diminishing value

Principle of value subtractiory

Principle of regression/

Principle of less value

10. Unearned Increment

Increase in value of real estate with all the efforts or expenses by the owner

Increase in value of real estate without any effort and expense by the owner

Increase in value and depreciation without any effort and expense by the owner

None of the above

11. Increase in value of real estate without any effort or expense by the owner

Add on increment

Unearned increment

Incidental increment

Unforeseen values

12. Listing

The demand letter given by the broker to the seller to negotiate for payment of commission

The authority to buy and sell properties

All of the above

13. Real Estate Service Act

RA 9946

RA 4946

RA 9656

None of the above

14. Parapherna!

Refers to the property exclusively owned by a wife and husband

Refers to the property exclusively owned by a wife

Refers to the property exclusively owned by a husband

Refers to the property exclusively owned y the children

15. Balloon Payment

The final payment in an installment plan which is bigger than the previous installments and which liquidates the entire obligation

The final payment in a financing plan which is almost bigger than the previous installments and which liquidates the obligation

None of the above

16. Infiltration is the displacement of present residents by people of lower economic status or of
different cultural or social background

Displacement of present residents of various economic Status or of similar cultural background

Displacement of present and past residents of lower and middle economic status or of different cultural or social background

Displacement of present residents people of means or of different or social background

Displacement of present residents by people/of lower economic status or of different cultural or social background

17. Market study is

The study of current supply-and demand conditions in a given area of a specific property

The study of past and current demand conditions of a specific property

The study of current demand conditions in various areas of properties

The study of current supply and demand conditions of various properties in all areas

18. A financing scheme under the unified home lending program to enable residents in depressed
areas to acquire their lots is called

Lending mortgage for depressed areas program

Barangay housing assistance program

Community mortgage program

All of the above

19. Buyer's Equity

The difference between contract price and loanable amount

The difference between the fair market price and the loanable amount

The difference between the contact price and the down payment

The difference between the contract price and the selling price

20. Cul de Sac

A passage with an access in one or two ends

A passage with no end

A passage with an access in one end

A passage with two or more ends

21. The Philippine Regulatory Board of Real Estate Services

5 Commissioners

4 Commissioners

3 Commissioners

None of the above

22. Set Back

The term refers to the regulation; which designates the distance-from a lot to the other property line

None of the above

23. An improvement which is not suitable to the site on which it is placed because of deficient size
or cost

Below value improvement

Unearned increment

Incidental increment

Under improvement

Under innovations

24. Default

Failure to fulfill a duty and a promise in an instrument in writing that has been agreed upon

Failure to discharge an obligation and perform any act in an instrument that has been agreed upon

All of the above

None of the above

25. Income Approach

Process by getting the estimated commercial fair market value of a property bycapitalizing its annual income

Process by getting the estimated commercial fair market value of a property by capitalizing its annual net income

None of the above

26. Buyer's Full Down Payment

Buyees equity plus miscellaneous expenses such as title transfer and mortgage registration

Buyer's equity plus miscellaneous expenses such as fire insurance and mortgage redemption

All of the above

None of the above

27. Split of commission with the co-Broker

50-50 basis

40-60 basis

It depends

As agreed

28. Escheat

Is the reversion of a private and public property because there is no heir

Reversion of the private property due to the interstate death of the owner with no heir

None of the above

29. Value in appraisal sense

Refers to the present worth of future benefits arising from the ownership of a property

Refers to the present and future benefits from the ownership of a property

Refers to the future and past benefits from the ownership of a property

All of the above

30. Value in economic sense

Refers to the power to satisfy human wants

Refers to the right of determining attributes to satisfy human wants

Refers to the power or attributes to satisfy human wants

None of the above

Real Estate Terminologies

1. Amortization

2.

What first name or nickname would you like us to use?

2. Earnest money

3. Failure to fulfill a duty to an obligation or to perform any act in writing that has been agree upon

4. A condition where demand is more than supply

5. Sellers Market

6. Just compensation

7. An appraisal principle which holds that the value of a property tends to be enhanced byassociation with, superior properties.

8. Real Estate

9. An appraisal principle which holds that the value of a property tends to be adversely affected by association with inferior properties

10. Unearned Increment

11. Increase in value of real estate without any effort or expense by the owner

12. Listing

13. Real Estate Service Act

14. Parapherna!

15. Balloon Payment

16. Infiltration is the displacement of present residents by people of lower economic status or ofdifferent cultural or social background

17. Market study is

18. A financing scheme under the unified home lending program to enable residents in depressedareas to acquire their lots is called

19. Buyer's Equity

20. Cul de Sac

21. The Philippine Regulatory Board of Real Estate Services

22. Set Back

23. An improvement which is not suitable to the site on which it is placed because of deficient sizeor cost

24. Default

25. Income Approach

26. Buyer's Full Down Payment

27. Split of commission with the co-Broker

28. Escheat

29. Value in appraisal sense

30. Value in economic sense

7. An appraisal principle which holds that the value of a property tends to be enhanced by
association with, superior properties.

16. Infiltration is the displacement of present residents by people of lower economic status or of
different cultural or social background

18. A financing scheme under the unified home lending program to enable residents in depressed
areas to acquire their lots is called

23. An improvement which is not suitable to the site on which it is placed because of deficient size
or cost