Code Of Ethics/irr Ra9646

74 Questions
Business Management Quizzes & Trivia

Code of Ethics & Responsibilities / Implementing Rules & Regulations of RA 9646

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Questions and Answers
  • 1. 
    First offense violation in any provision of the Code of Ethics and Responsibilities,  sanction is?
    • A. 

      WARNING

    • B. 

      REVOCATION

    • C. 

      SUSPENSION

    • D. 

      None of the Above

  • 2. 
    Third offense violation in any provision of the RA 9646 and its IRR, sanction is? 
    • A. 

      SUSPENSION OF LICENSE

    • B. 

      REVOCATION

    • C. 

      CANCELLATION OF LICENSE

    • D. 

      REPRIMAND

  • 3. 
    First offense violation in any provision of the Code of Ethics and Responsibilities,  sanction is?
    • A. 

      REPRIMAND OR WARNING

    • B. 

      SUSPENSION

    • C. 

      CANCELLATION

    • D. 

      REVOCATION

  • 4. 
    Second offense violation in any provision of the RA 9646 and its IRR or fourth offense violation in any provision of the Code of Ethics and Responsibilities,  sanction is?
    • A. 

      REPRIMAND OR WARNING

    • B. 

      REVOCATION OF LICENSE

    • C. 

      CANCELLATION OF LICENSE

    • D. 

      SUSPENSION OF LICENSE

  • 5. 
    The word  “Commission” in the R.A. # 9646 stands for?
    • A. 

      Professional Fee

    • B. 

      Professional Regulatory Board

    • C. 

      Professional Regulations Commission

    • D. 

      An act of commissioning

  • 6. 
    Shall act as prosecutors against illegal practitioners and other violators of R.A.# 9646 and its IRR.
    • A. 

      Chairperson

    • B. 

      Lawyers of the Commission

    • C. 

      Secretary of Professional Regulatory Board

    • D. 

      Members

  • 7. 
    The CPE Council Chairperson should come from the?
    • A. 

      PRBRES Board

    • B. 

      AIPO

    • C. 

      Academe

    • D. 

      Realty Service Organization

  • 8. 
    No partnership or corporation shall engage in business of real estate service unless it is duly registered with the?  
    • A. 

      PRC

    • B. 

      SEC

    • C. 

      PSE

    • D. 

      Realty Service Council

  • 9. 
    It includes all rights, interests and benefits related to ownership of real estate
    • A. 

      Real Property

    • B. 

      Real Estate

    • C. 

      Real Property Rights

    • D. 

      Real Estate Ownership

  • 10. 
    The policies resolutions and rules and regulations issued by the Professional Regulatory Board of Real Estate Service (PRBRES) shall be subject to the review & approval by the?
    • A. 

      Secretary of Professional Regulatory Board

    • B. 

      Professional Regulations Commission

    • C. 

      Office of the President

    • D. 

      Bureau of Local Government Finance

  • 11. 
    Are the current member of PRC Commissioners?
    • A. 

      Jennifer Manalili

    • B. 

      Teresita Manzala

    • C. 

      Both a & b

  • 12. 
    A Real Estate Service Practitioner accepts directly a fee for his/her services, except:
    • A. 

      Real Estate Broker

    • B. 

      Real Estate Consultant

    • C. 

      Real Estate Assessor

    • D. 

      Real Estate Appraiser

  • 13. 
    The following PRC Commissioners are signatories of the IRR of RA 9646 except:
    • A. 

      Nicolas Lapena Jr.

    • B. 

      Antonio Adriano

    • C. 

      Alfredo Po

    • D. 

      Nilo Rosas

  • 14. 
    The Continuing Professional Education (CPE) Council shall be composed of a Chairperson coming from the Board, a member from the Accredited and Integrated Professional Organization (AIPO) and from?
    • A. 

      Realty Organization

    • B. 

      PRC Commissioners

    • C. 

      Academe

    • D. 

      Presidential Appointee

  • 15. 
    The 4 yr. course required for real estate service practitioners is?
    • A. 

      BS REM

    • B. 

      BS BAC

    • C. 

      Associate in RES

    • D. 

      BS Property Management

  • 16. 
    All Continuing Professional Education  (CPE) sessions shall be conducted by PRC accredited ____ ____providers.
    • A. 

      AIPO

    • B. 

      Academic

    • C. 

      CPE

    • D. 

      Review & training

  • 17. 
    The Senate President who signed R.A. #9646 is
    • A. 

      Manuel Villar Jr.

    • B. 

      Franklin Drilon

    • C. 

      Aquilino Pimentel Jr.

    • D. 

      Juan Ponce Enrile

  • 18. 
    The speaker of the house who signed R.A. #9646 is?
    • A. 

      Jose de Venecia Jr.

    • B. 

      Prospero Nograles

    • C. 

      Prospero Pichay

    • D. 

      Feliciano Belmonte Jr.

  • 19. 
    The color of PRBRES Official Seal that represents ethical standards and prosperity.
    • A. 

      Blue

    • B. 

      White

    • C. 

      Gold

    • D. 

      Silver

  • 20. 
    Article V of the RA 9646 pertains to:
    • A. 

      Practice of Real Estate Service

    • B. 

      Sanctions and Final Provisions

    • C. 

      Code of Ethics and Responsibilities

    • D. 

      Licensure Examination and Registration

  • 21. 
    Article III of the RA 9646 pertains to:
    • A. 

      Professional Rules of Conduct and Practice

    • B. 

      Code of Ethics and Responsibilities

    • C. 

      Licensure Examination and Registration

    • D. 

      Practice of Real Estate

  • 22. 
    The CPE Council shall be composed of a: 
    • A. 

      Chairperson coming from the Board

    • B. 

      Member from the AIPO

    • C. 

      Academe

    • D. 

      All of the above

  • 23. 
    The code of Ethics and Responsibilities for real estate service practitioners shall be prescribed and issued by the:
    • A. 

      ACCREDITED & INTEGRATED PROFESSIONAL ORGANIZATION (AIPO)

    • B. 

      PRC

    • C. 

      PRBRES

    • D. 

      None of the above

  • 24. 
    All salespersons legally qualified to practice real estate service are required to be _________ by the PRC
    • A. 

      Registered

    • B. 

      Recognized

    • C. 

      Accredited

    • D. 

      None of the above

  • 25. 
    All real estate salespersons cannot by themselves be signatories to a written agreement involving a real estate transaction.
    • A. 

      True

    • B. 

      False

  • 26. 
    The RESA board shall be under the general supervision and administrative control of the
    • A. 

      PRC

    • B. 

      PRBRES

    • C. 

      Chairperson

    • D. 

      Professional Regulatory Board

  • 27. 
    The Certificate of Registration (COR) of a license for a real estate broker shall bear the signature of the: 
    • A. 

      Chairperson of the Commission

    • B. 

      Member of the board

    • C. 

      Both a and b

  • 28. 
    Divisions or departments of corporations engaged in marketing or selling any real estate development project in the regular course of business must be headed by a FULL TIME registered and licensed real estate broker.
    • A. 

      True

    • B. 

      False

  • 29. 
    Professional Regulation Commission (PRC) through Professional Regulatory Board of Real Estate Service (PRBRES) shall not register and issue a certificate of registration to any successful examinee if he has been convicted by a court of competent jurisdiction of any criminal offense involving :
    • A. 

      Moral Turpitude

    • B. 

      Immoral or Dishonorable conduct

    • C. 

      Psychologically Unfit

    • D. 

      All of the above

  • 30. 
    A qualified Australian citizen may be given a certificate of registration or professional identification card after passing the licensure examination may be issued a SPECIAL TEMPORARY PERMIT if Australian government allows Filipino citizens to do realty service practice in their country.
    • A. 

      True

    • B. 

      False

  • 31. 
    Exempted from the licensing requirements under R.A. # 9646:
    • A. 

      PUBLIC OFFICERS IN PERFORMANCE OF OFFICIAL DUTIES

    • B. 

      ATTORNEY-IN-FACT W/O COMPENSATION OR RENUMERATION

    • C. 

      RECEIVER, TRUSTEE OR ASSIGNEE IN BANKRUPTCY OR INSOLVENCY PROCEEDINGS

    • D. 

      ACTS PERFORMED BY OWNERS OF PROPERTY EXCEPT REAL ESTATE DEVELOPERS

    • E. 

      ALL OF THE ABOVE

  • 32. 
    The following info should be indicated on all documents a licensed real estate practitioner that he/she signs:
    • A. 

      CERTIFICATE OF REGISTRATION

    • B. 

      PROFESSIONAL IDENTIFICATION CARD / LICENSE NUMBER

    • C. 

      PRIVILEGE TAX RECEIPT (PTR) NUMBER

    • D. 

      ACCREDITED INTEGRATED PROFESSIONAL ORGANIZATION (AIPO) NUMBER

    • E. 

      INDICATE IN EACH OF THE ABOVE THE DATE OF ISSUANCE AND THE DURATION OF VALIDITY ON THE DOCUMENTS HE/SHE SIGNS, USES OR ISSUES IN CONNECTION WITH THE PRACTICE OF HIS/HER PROFESSION.

    • F. 

      ALL OF THE ABOVE

  • 33. 
    Real Estate Service Act of the Philippines R.A. 9646 was approved by President Gloria Macapagal-Arroyo  on  
    • A. 

      May 12, 2009

    • B. 

      June 29,2009

    • C. 

      July 15,2009

    • D. 

      July 31,2009

  • 34. 
    R.A. No. 9646 took effect _______ ___days following its publications in a major daily newspaper.
    • A. 

      15 days

    • B. 

      30 days

    • C. 

      45 days

    • D. 

      60 days

  • 35. 
    R.E.S.A. or R.A. No. 9646 Implementing Rules and Regulations was published on leading newspapers last:
    • A. 

      July 21, 2010

    • B. 

      July 24,2010

    • C. 

      July 30,2010

    • D. 

      July 31,2010

  • 36. 
    Within _________days from the effectivity of R.A. #9646, that the (Department of Trade and Industry – Bureau of Trade Regulation and Consumer Protection) DTI-BTRCP shall transfer all pertinent records, documents and other materials to PRBRES. 
    • A. 

      30 days

    • B. 

      45 days

    • C. 

      60 days

    • D. 

      90 days

  • 37. 
    • A. 

      Php 20,000.00

    • B. 

      Php 50,000.00

    • C. 

      Php 100,000.00

    • D. 

      Php 200,000.00

  • 38. 
    Any violation of R. A. #9646 by an unlicensed real estate service practitioner, the latter shall be penalized by not less than  Php100,000  and/or imprisonment of not less than _________ (jail term).
    • A. 

      One (1) year

    • B. 

      Two (2) years

    • C. 

      Four (3) years

    • D. 

      6 months

  • 39. 
    Under RA 9646 Section 20. Registration Without Examination, if  someone passed in the 2007 Licensure exam of the then DTI and have failed to get a license, how many CPE credits units are needed to earn for him/her to register with PRC? 
    • A. 

      15 credit units

    • B. 

      18 credit units

    • C. 

      24 credit units

    • D. 

      120 credit units

  • 40. 
    How many CPE credit units are required for registered and licensed professional with baccalaureate degrees like Real Estate Service Practitioners for renewal of their license for the next three years.
    • A. 

      24 Credit Units

    • B. 

      30 Credit Units

    • C. 

      60 Credit Units

    • D. 

      120 Credit Units

  • 41. 
    Within _______________ years from efFectivity of the RA 9646, all existing and new positions in the national and local governments shall be filled only by registered and licensed real estate service practitioners.
    • A. 

      One (1) year

    • B. 

      Two (2) years

    • C. 

      Three (3) years

    • D. 

      Five (5) years

  • 42. 
    The surety bond of real estate brokers/appraisers shall be renewable every:
    • A. 

      One (1) year

    • B. 

      Two (2) years

    • C. 

      Three (3) years

    • D. 

      At the end of the year

  • 43. 
    During what congress was the Republic Act 9646 enacted into law:
    • A. 

      13th Congress

    • B. 

      14th Congress

    • C. 

      15th Congress

    • D. 

      16th Congress

  • 44. 
    The Chairperson of the first appointed Board shall serve for __________ years.
    • A. 

      Two (2) years

    • B. 

      Three (3) years

    • C. 

      Five (5) years

    • D. 

      Six (6) years

  • 45. 
    The chairperson and members of the RESA Board maybe re-appointed for a second term but in no case shall he/she serve continuously for more than ____________ years,
    • A. 

      Four (4) years

    • B. 

      Five (5) years

    • C. 

      Six (6) years

    • D. 

      Seven (7) years

  • 46. 
    An applicant for real estate licensure examination for consultants must have been a licensed broker for how many years?
    • A. 

      5 years

    • B. 

      8 years

    • C. 

      10 years

    • D. 

      12 years

  • 47. 
    The PRBRES is accepted as the _______ Professional Regulatory Board in the PRC
    • A. 

      40th

    • B. 

      42nd

    • C. 

      44th

    • D. 

      45th

  • 48. 
    Deadline for the “Grandfather Clause” of R.A. #9646 was :
    • A. 

      July 29,2011

    • B. 

      July 30,2011

    • C. 

      July 31,2011

    • D. 

      August 1,2011

  • 49. 
    There are ________members of PRBRES.  
    • A. 

      3

    • B. 

      4

    • C. 

      5

    • D. 

      6

  • 50. 
    Salespersons who have been active for at least 3 years duly certified by a licensed real estate broker, duly notarized shall undergo in real estate brokerage for how many training hours? 
    • A. 

      120 TRAINING HOURS

    • B. 

      100 TRAINING HOURS

    • C. 

      90 TRAINING HOURS

    • D. 

      60 TRAINING HOURS

  • 51. 
    Assessors and government appraisers who will apply for appraisers licensure examination need to comply for how many CPE credit units?
    • A. 

      120 CPE CREDIT UNITS

    • B. 

      60 CPE CREDIT UNITS

    • C. 

      100 CPE CREDIT UNITS

    • D. 

      90 CPE CREDIT UNITS

  • 52. 
    • A. 

      60 CPE CREDIT UNITS.

    • B. 

      90 CPE CREDIT UNITS

    • C. 

      100 CPE CREDIT UNITS

    • D. 

      120 CPE CREDIT UNITS

  • 53. 
    How many Chairperson & members in  Professional Regulatory Board Real Estate Service (PRBRES)?
    • A. 

      1 CHAIRPERSON & 4 MEMBERS

    • B. 

      2 CHAIRPERSON & 3 MEMBERS

    • C. 

      1 CHAIRPERSON & 3 MEMBERS

    • D. 

      1 CHAIRPERSON & 5 MEMBERS

  • 54. 
    When is the effectivity of RA 9646 Implementing Rules & Regulations?
    • A. 

      AUGUST 9, 2009

    • B. 

      AUGUST 9, 2011

    • C. 

      AUGUST 9, 2010

    • D. 

      AUGUST 29, 2010

  • 55. 
    Second offense violation in  any provision of the Code of Ethics and Responsibilities, shall means suspension of Accredited Professional Organization (APO) membership for how many months?
    • A. 

      2 MONTHS

    • B. 

      3 MONTHS

    • C. 

      4 MONTHS

    • D. 

      1 MONTH

  • 56. 
    Third or Fourth  offense violation in  any provision of the Code of Ethics and Responsibilities, shall means suspension of APO membership for how many months?
    • A. 

      2 MONTH

    • B. 

      2 MONTHS

    • C. 

      3 MONTHS

    • D. 

      4 MONTHS

  • 57. 
    First Offense violation in any provision of the RA 9646 and its IRR, shall means suspension of APO membership for how many months? 
    • A. 

      1 MONTH

    • B. 

      3 MONTHS

    • C. 

      4 MONTHS

    • D. 

      2 MONTHS

  • 58. 
    Under RA 9646 Section 20, Registration Without Examination, on the date of its effectivity or as of July 30, 2009, any holder of a valid DTI license can register at PRC if she/he has a CPE units of?
    • A. 

      12 CPE UNITS

    • B. 

      15 CPE UNITS

    • C. 

      18 CPE UNITS

    • D. 

      None of the above

  • 59. 
    Under RA 9646 Section 20, Registration Without Examination, who had failed to renew their DTI license prior to July 30, 2009 can register at PRC if she/he has a CPE units earned from accredited service provider as per M.O. 39 from 2007 to July 30, 2011 of?
    • A. 

      24 UNITS

    • B. 

      20 UNITS

    • C. 

      15 UNITS

    • D. 

      12 UNITS

  • 60. 
    Under RA 9646 Section 20, Registration Without Examination , those who failed to apply/obtain for a broker’s license upon the effectivity of R.A. 9646 but passed in 2008 & 2009 DTI-conducted licensure examination need to comply with how many CPE credit units?
    • A. 

      15 UNITS

    • B. 

      20 UNITS

    • C. 

      24 UNITS

    • D. 

      12 UNITS

  • 61. 
    From the effectivity of RA 9646, all DTI examination passers but failed to obtain their license shall take the board exam  if they fail to comply with the CPE requirements  within?
    • A. 

      1 YEAR

    • B. 

      2 YEARS

    • C. 

      3 YEARS

    • D. 

      NONE OF THE ABOVE

  • 62. 
    Effectivity date of RA 9646 is:
    • A. 

      JULY 30, 2009

    • B. 

      JUNE 29, 2009

    • C. 

      JULY 24, 2010

    • D. 

      AUGUST 9, 2010

  • 63. 
    In a corporate practice of Real Estate, in case of resignation/termination from employment of a practitioner, the same shall be reported by the employer to the Board from the date of the effectivity of the resignation/termination within a period of?
    • A. 

      NOT TO EXCEED 7 DAYS

    • B. 

      NOT TO EXCEED 10 DAYS

    • C. 

      NOT TO EXCEED 14 DAYS

    • D. 

      NOT TO EXCEED 15 DAYS

  • 64. 
    Integrating into one national organization of all real estate association, shall be recognized by the Board and approval of the Commission is pursuant to what PRC Resolution?
    • A. 

      PRC RES. NO. 2004-187, SERIES OF 2004

    • B. 

      PRC RES. NO. 2004-178, SERIES OF 2004

    • C. 

      PRC RES. NO. 2004-178, SERIES OF 2005

    • D. 

      PRC RES. NO. 2004-187, SERIES OF 2005

  • 65. 
    Refers to the “Prohibition Against the Unauthorized Practice of Real Estate Service” under the RESA IRR OF RA 9646:
    • A. 

      SECTION 29

    • B. 

      SECTION 20

    • C. 

      SECTION 30

    • D. 

      SECTION 21

  • 66. 
    Refers to the “Code of Ethics and Responsibilities” under the RESA IRR of RA9646
    • A. 

      SECTION 32

    • B. 

      SECTION 33

    • C. 

      SECTION 34

    • D. 

      SECTION 35

  • 67. 
    Refers to the “Continuing Professional Education (CPE) Program” under the RESA IRR of RA 9646:
    • A. 

      SECTION 34

    • B. 

      SECTION 36

    • C. 

      SECTION 38

    • D. 

      SECTION 40

  • 68. 
    Refers to the “Penal Provisions” as indicated in the RESA IRR of RA 9646:
    • A. 

      SECTION 19

    • B. 

      SECTION 29

    • C. 

      SECTION 39

    • D. 

      SECTION 40

  • 69. 
    Refers to the “Powers & Function of the Board” under RESA IRR of RA 9646:
    • A. 

      SECTION 5

    • B. 

      SECTION 6

    • C. 

      SECTION 7

    • D. 

      SECTION 8

  • 70. 
    Refers to the “Term of Office” of the Chairperson & members of the Board under RESA IRR of RA 9646:
    • A. 

      SECTION 7

    • B. 

      SECTION 8

    • C. 

      SECTION 9

    • D. 

      SECTION 10

  • 71. 
    Refers to the “Licensure Examination” under RESA IRR of RA 9646:
    • A. 

      SECTION 15

    • B. 

      SECTION 14

    • C. 

      SECTION 13

    • D. 

      SECTION 12

  • 72. 
    Refers to the “Scope of Examination” under RESA IRR of RA 9646:
    • A. 

      SECTION 13

    • B. 

      SECTION 14

    • C. 

      SECTION 15

    • D. 

      SECTION 16

  • 73. 
    Refers to the “Exemption from the Acts Constituting the Practice of Real Estate Service” under the RESA IRR of RA 9646:
    • A. 

      SECTION 28

    • B. 

      SECTION 29

    • C. 

      SECTION 30

    • D. 

      SECTION 31

  • 74. 
    The minimum years of college requirement for the accreditation of salespersons?
    • A. 

      2 years

    • B. 

      1 year

    • C. 

      3 years

    • D. 

      None of the above