Real Estate Agent License Exam Practice Test

The correct answer is "Must be a former natural born citizen." This means that in order for a Filipino who has become an American citizen to acquire land for residential purposes under B.P. 185, they must have been born a Filipino citizen and not have acquired any other citizenship through naturalization or other means. This requirement ensures that only those who have a strong connection to the Philippines and its culture are eligible to acquire land for residential purposes.

ANY CITY IS VALID

If Jake and Rosie spend 100% of the sales proceeds in acquiring or constructing their new principal residence, the transaction is exempt from the capital gains tax. This means that they will not have to pay any taxes on the profit they made from selling their previous house.

After the taxpayer has made full payment of capital gains tax and documentary stamp tax on the sale of a piece of land, the BIR (Bureau of Internal Revenue) will issue a Certificate Authorizing Registration to the taxpayer. This document serves as proof that the taxes have been paid and authorizes the taxpayer to proceed with the registration of the land under their name.

The given definition describes a product, which can be either a tangible object or an intangible service. It is mass produced or manufactured on a large scale, indicating that it is created in large quantities. The specific volume of units refers to the number of units produced. Therefore, the correct answer is "Product."

According to PD957, a subdivision project should allocate a certain percentage of land exclusively for parks, playgrounds, recreational use roads, alleys, and sidewalks. The correct answer is 30%, which means that 30% of the subdivision project should be dedicated to these amenities.

The statement is false because once the buyers have paid the full purchase price for the property, the owner/developer cannot collect any additional fees from them. The purchase price is typically agreed upon and stated in the sales contract, and any additional fees would be considered a breach of contract. Additionally, collecting additional fees from buyers after the purchase has been completed would be unfair and unethical. Therefore, the owner/developer cannot collect additional fees from buyers anytime.

According to the given information, if spouses were married after the effectivity of the family code without any pre-nuptial agreement, they will be governed by the "Absolute community of property" rule. This means that all properties, assets, and debts acquired by either spouse during the marriage will be considered as jointly owned by both spouses.

Capital property refers to property that is exclusively owned by the husband. This term is commonly used in the context of marital property laws, where it distinguishes property that is considered separate from the shared or community property of both spouses. Chattel refers to personal property, while paraphernal property refers to property acquired by the wife during the marriage. Therefore, the correct answer is capital property.

Under BP 185, a former natural born Filipino may acquire residential land in the Philippines even if already a foreign citizen provided that it should not exceed 1,000 sqms. This means that a former natural born Filipino who is now a foreign citizen can purchase residential land in urban areas as long as it does not exceed 1,000 sqms in size.

A document can be considered a public instrument if it has been sworn to and duly notarized. This means that the document has been legally verified and authenticated by a notary public, who is a public official authorized to administer oaths and certify the authenticity of documents. This process ensures that the document holds legal validity and can be relied upon as a public record. The other two options, being open to the public and being stamped received by the RD, are not necessarily requirements for a document to be considered a public instrument.

The Community Tax Certificate is not an acceptable document for notarization. The other two options, Driver's License and Passport, are acceptable forms of identification that can be shown to the notary public.

The selling price inclusive of VAT would be 6,720,000. This can be calculated by adding the value added tax (P720,000) to the original selling price.

Ecology is the study of how organisms live and how they interact with their environment. It focuses on understanding the relationships between organisms and their surroundings, including the physical and biological factors that influence them. This field of study helps us understand the complex web of interactions between living organisms and their environment, including how they adapt to changes and how they impact their surroundings.

The zoning ordinance is the correct answer because it is specifically mentioned in the Local Government Code as the principal instrument for implementing the Comprehensive Land Use Plan (CLUP). A zoning ordinance is a set of regulations that divide a municipality into different zones or districts, specifying what types of land uses are allowed in each zone. It is an important tool for local governments to control and manage land development in accordance with the CLUP objectives and goals. The building code and tax map are not mentioned in the given information and are not directly related to the implementation of the CLUP.

Diffusion of innovations research explores how and why people adopt new products, services, and ideas. It focuses on understanding the process of innovation adoption, including the factors that influence individuals to adopt or reject new innovations. This research helps marketers and businesses to develop effective strategies for introducing and promoting new offerings in the market. It provides insights into the different stages of adoption, the characteristics of innovators and early adopters, and the communication channels that can facilitate diffusion. By understanding the diffusion process, businesses can better target their marketing efforts and increase the chances of successful adoption by the target audience.

In this question, the settlement is said to have developed along a line. This suggests that the settlement is elongated and stretches out in a linear shape. Linear settlements are characterized by buildings and structures arranged in a line or along a road, river, or other linear feature. This type of settlement pattern is often found in areas with physical constraints or along transportation routes, where the settlement follows the path of least resistance or convenience. Therefore, the correct answer is "linear."

A cul-de-sac is a passageway or street that has only one outlet, meaning it is a dead end. It is often shaped like a loop or a U, allowing for easy turning and maneuvering. This term is commonly used to describe a residential area or neighborhood where there is limited through traffic. The other options, "key lot" and "chaplan," do not accurately describe a passageway with only one outlet, making "cul-de-sac" the correct answer.

Titles can be defined as the legal documents that serve as evidence of ownership or right to possession of a property. They establish the foundation of the owner's claim to the property and provide a just cause for exclusive possession. Deeds, on the other hand, are specific types of titles that transfer ownership of real estate from one party to another. Patents, in this context, refer to legal documents granting exclusive rights to an invention or innovation. Therefore, the correct answer is titles.

When there is a judicial separation of property, husband and wife are legally allowed to sell property to each other. This means that a court has granted a separation of property, which allows them to have separate ownership and control over their respective assets. This separation can occur due to various reasons, such as irreconcilable differences or financial disputes. In such cases, the spouses are no longer bound by the restrictions on selling property to each other, as they are considered to have separate legal and financial identities.

Adverse possession refers to a type of possession of property that meets specific criteria. It must be actual, meaning the possessor physically occupies the property. It must also be continuous, indicating that the possession is ongoing without interruption. Additionally, it must be adversarial, meaning that the possessor is acting against the rights of the true owner. The possession must also be visible, meaning that it is apparent to others. Finally, adverse possession is required as an element of prescription, meaning that the possessor can eventually acquire legal ownership of the property if certain conditions are met.

The correct answer is "The Property Registration Decree." This law, also known as Presidential Decree No. 1529, governs the titling and other transfers of title, encumbrances, and other incidents involving the transfer certificate of title. It specifically deals with property registration and the procedures and requirements for registering property titles.

The biosphere refers to the thin film on the surface of the earth in which all life exists. It encompasses all living organisms, including plants, animals, and microorganisms, as well as their interactions with each other and with their environment. It includes various ecosystems such as forests, deserts, oceans, and grasslands. The biosphere is crucial for sustaining life on Earth as it provides habitats, resources, and ecological services necessary for the survival and well-being of all living organisms.

PD 1216 states that after the road, alleys, sidewalks, and playground are finished, the developer is required to donate them to the local government. This means that the developer cannot keep ownership of these public spaces and must transfer them to the appropriate local authority. The local government is responsible for maintaining and managing these areas for the benefit of the community.

A land use plan is a document that provides a blueprint for the desired arrangement of different land uses in a specific area. It outlines the preferred future spatial arrangement of land uses and includes a set of proposed actions to implement the plan. This plan helps guide decisions related to zoning, development, and infrastructure in order to achieve the desired land use goals. It is a comprehensive tool that assists in shaping the physical and functional characteristics of a particular region or community.

Advertisement materials are considered as part of the sales warranties enforceable against the Owner/Developer. This means that any promises or guarantees made in the advertisement materials can be legally enforced by the buyer against the Owner/Developer. Therefore, the statement "Advertisement materials shall form part of the sales warranties enforceable against the Owner/Developer" is true.

The correct answer is "At least 10 years." The right of pre-emption or right of 1st refusal under PD 1517 is exercisable by a legitimate tenant in urban land if they have occupied the land for at least 10 years. This means that the tenant has the first opportunity to purchase the land if the owner decides to sell it. This right is granted to protect the tenant's interest in the land and ensure their security of tenure.

Sustainability refers to the process of ensuring the long-term viability and well-being of all aspects of human life, including social, economic, and environmental factors. It involves making choices and implementing practices that promote the responsible use of resources, the protection of ecosystems, and the improvement of living conditions for current and future generations. Sustainability is important in addressing the challenges of urbanization and globalization, as it seeks to find a balance between development and the preservation of natural resources.

The correct answer states that the lease contract for long-term lease of private lands by foreign investors should not exceed 75 years, and it can be renewed for a maximum of 20 years. This means that foreign investors can lease the land for a long period of time, but there are limitations on the renewal period. This condition ensures that the land is not held by foreign investors indefinitely and allows for potential changes and developments in the future.

An ECC (Environmental Compliance Certificate) is a document issued by the DENR (Department of Environment and Natural Resources) that signifies the proponent's compliance with all the requirements of the Environmental Impact Statement System and their commitment to implement the project's Environmental Management Plan. This certificate is given to ensure that the proposed project will not have any significant negative impact on the environment and that the proponent is committed to taking necessary measures to mitigate any potential harm.

The lands of public domain typically refer to lands owned by the government that are available for public use. National Parks are a type of public domain land that are preserved for recreational and conservation purposes. Agricultural lands can also be part of the public domain, as they may be leased or used for farming by the public. However, commercial lands are not typically considered part of the public domain, as they are usually privately owned and used for business purposes. Therefore, the correct answer is Commercial.

The false information is that transfer fees are computed at 1.5% of the total contract price or zonal valuation, whichever is higher.

The correct answer is "Protection" because it refers to the land use policy area that focuses on the preservation, conservation, and rehabilitation of resources. It also includes the prevention and mitigation of disasters in certain areas. This means that the main objective of this policy area is to safeguard and protect the natural resources and environment from any potential harm or degradation.

When land undergoes changes that make it impossible to restore it to its original state or conditions, it is considered irreversible. This means that any modifications or alterations to the land permanently change its use and cannot be reversed. In contrast, combined or multiple land uses refer to the simultaneous use of land for different purposes, while compatible land use refers to the harmonious coexistence of different land uses without causing conflicts or negative impacts. However, in this case, the land use is irreversible due to the extent of changes made to the land.

Settlement is the correct answer because it is a general term that encompasses both permanent and temporary communities where people live. This term does not specify the size, population, or importance of the community, making it a broad and inclusive term. It can refer to any type of human habitation, ranging from small villages to large cities.

Market towns are settlements that are located in fertile farming sites and have many services such as shops and offices. These towns are typically established to serve as centers of trade and commerce for the surrounding agricultural areas. They provide a place for farmers to sell their produce and for people to purchase goods and services. Market towns play a vital role in the local economy by facilitating the exchange of goods and services, and they often have a vibrant and bustling atmosphere due to the presence of various businesses and commercial activities.

The Bureau of Internal Revenue (BIR) is responsible for determining the zonal value of a property. This value is used to calculate the taxes and fees associated with the property. The BIR has the authority to assess and evaluate the value of properties based on their location and other factors. They have access to relevant data and information that allows them to determine the zonal value accurately. Therefore, the correct answer is BIR.

The given answer, "parking grounds," is correct because it is listed as one of the types of subdivision projects. The question asks for types of subdivision projects, excluding one option. The options provided are residential, commercial, and parking grounds. Since "parking grounds" is listed as one of the options, it is a type of subdivision project.

If the owner/developer of a subdivision project chooses not to donate the open spaces to the local government, they will be responsible for maintaining it. This means that the owner/developer will have to take care of the upkeep and maintenance of the open spaces themselves, rather than passing the responsibility onto the local government or any other association.

Under RA No 6732, the administrative reconstitution of lost or destroyed certificates in the Registry of Deeds can be done when the number of lost or destroyed certificates is at least 10% of all the certificates in the Registry. This means that if the number of lost or destroyed certificates is less than 10% of the total, the administrative reconstitution cannot be availed.

Land use planning refers to the rational and judicious approach of allocating available land resources to different land-using activities. It involves analyzing and evaluating the current land use patterns, identifying potential areas for development or conservation, and making informed decisions on how to best utilize the land for various purposes such as residential, commercial, industrial, agricultural, or recreational. Through land use planning, governments and local authorities can ensure sustainable and efficient use of land, minimize conflicts between different land uses, and promote the overall well-being and development of a region or community.

A Deed of Conditional Sale is a type of contract that outlines the conditions under which the sale of a property will be completed. Unlike a Contract of Sale or Contract to Sell, which are both agreements to transfer ownership of a property, a Deed of Conditional Sale specifies certain conditions that must be met before the sale can be finalized. These conditions may include the payment of certain amounts, the completion of specific actions, or the fulfillment of certain obligations. Therefore, a Deed of Conditional Sale is the most appropriate option among the given choices.

The contract of lease is valid because a written agreement is not always required for a contract to be legally binding. In this case, Mr. C rented out the condominium unit to Mr. X, who paid the required deposit and advance rental. Additionally, Mr. C gave the keys to the unit to Mr. X, indicating an intention to enter into a lease agreement. While it is generally recommended to have a written contract for clarity and protection, the absence of one does not automatically invalidate the agreement. Therefore, the lease contract in this scenario is considered valid.

In a sale of a parcel of land, it is necessary to indicate the TCT No. in the contract. The TCT No. refers to the Transfer Certificate of Title, which is a legal document that proves ownership of the land. Including the TCT No. in the contract ensures that the specific piece of land being sold is clearly identified and defined. This helps to avoid any confusion or disputes regarding the ownership of the land. The TCT No. serves as a reference point for the buyer and seller to establish the exact identity of the land being transferred.

The correct answer is Land Registration Authority. The Land Registration Authority is the government agency under which the Register of Deeds operates and reports to. The Register of Deeds is responsible for the registration of deeds of absolute, which involves the transfer of ownership of land or property. The Land Registration Authority ensures the accuracy and integrity of land titles and records in the Philippines.

The given correct answer is "Planning." Planning refers to the process of creating a detailed roadmap or strategy to achieve a specific goal or target. It involves identifying the necessary activities, resources, and timeline required to accomplish the objective. Through planning, individuals or units can anticipate potential challenges, make informed decisions, and allocate resources effectively. It is an essential step in any successful endeavor as it provides a clear direction and helps in organizing and coordinating efforts towards the desired outcome.

A key lot refers to a lot that is located adjacent to a corner lot and faces an intersecting street. This type of lot is often considered valuable as it provides easy access to two different streets, making it more convenient for residents to enter and exit their property. Additionally, key lots can offer more privacy and space compared to other lots in the area.

The correct answer is "Secretary of Legation". Special power of attorney executed abroad must be authenticated by the Consul, Vice Consul, or Consular agent. The Secretary of Legation is not mentioned as one of the options for authentication.

In a legal contract or instrument between individuals as parties, the instrument must contain certain data concerning the parties. This includes their capacity and personality in the contract, as well as their civil status and citizenship. However, a board resolution is not a data concerning the parties, but rather a decision made by a board of directors or a similar governing body. Therefore, it is not necessary for the instrument to include a board resolution.

The correct answer is "dispersed" because when the buildings are spread apart, it indicates a dispersed settlement pattern. In a dispersed settlement, the buildings are scattered and spread out over a large area, with significant distances between each building. This type of settlement is commonly found in rural areas where agricultural activities are dominant, and the population is sparse. It contrasts with nucleated settlements where buildings are clustered together in a concentrated area, and radial settlements where buildings are arranged in a circular or radial pattern around a central point.

This answer suggests that land is perceived as a form of property, which means it can be owned, used, bought, or sold for personal comfort and profit. This perspective views land as a commodity that individuals can possess and control for their own benefit.

In a condominium project, the title of the land remains undivided at all times. This means that the ownership of the land on which the condominium is built is not divided among individual unit owners. Instead, it is collectively owned by all the unit owners in the condominium project. This ensures that the common areas and facilities of the condominium are maintained and managed collectively for the benefit of all the unit owners. Therefore, the statement "True" is the correct answer.

The correct answer is "Financial statement of the Corporation." In a contract to sell by a corporation, the instrument must include the firm's legal right to own in the Philippines in case ownership is to be transferred and that the contract is duly authorized by proper Board Resolutions of the Directors. However, the financial statement of the corporation is not a requirement for the instrument in this context.

Real property declared for the first time is assessed for the period during which it would have been liable for assessment. However, the assessment period cannot exceed 10 years. This means that even if the property would have been liable for assessment for more than 10 years, the assessment will only be done for a maximum of 10 years.

Marketing refers to the activity, set of institutions, and processes involved in creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. It encompasses all the strategies and tactics used to promote and sell products or services. Marketing involves analyzing customer needs and wants, developing products or services to meet those needs, determining the best ways to reach and engage target customers, and ultimately delivering value to both the customers and the organization. It plays a crucial role in driving business growth and success.

The types of complaints that buyers can file with HLURB against the Owner/Developer include non-completion of the project and non-issuance of title. However, the non-issuance of official receipt of payments is not a valid complaint that can be filed with HLURB.

According to the given information, Section 4, Rule 74 of the Rules of Court states that the property of a deceased person, a surviving spouse, and children shall be subject to the rights of three of the following: heirs, parents of the deceased, and creditors. Therefore, the person who does not have the right to the subject property is the surviving spouse.

When the register of deeds is unsure about the appropriate course of action to take regarding a deed of absolute sale presented for registration, they can seek guidance from the Land Registration Authority through a consulta. This allows them to bring their question or doubt to the authority for clarification and guidance on how to proceed with the registration process.

Mutualism is the correct answer because it is a type of symbiotic relationship in which both species involved benefit from each other. In mutualism, both species provide resources or services to each other, resulting in a mutual advantage. This relationship is characterized by cooperation and interdependence, where both species rely on each other for survival and reproduction. Therefore, mutualism accurately describes the relationship when both species benefit from each other.

The given answer is false because the owner/developer of a subdivision project cannot alter the subdivision plan without notifying the existing buyer. Notification is required by law, and the Housing and Land Use Regulatory Board (HLURB) needs to be informed of any changes made. The caveat "changes without prior notice" does not exempt the owner/developer from their responsibility to inform the existing buyers.

When Mr. Villanueva got married without a marriage settlement, the nature of the property he inherited would become community property. In many jurisdictions, when a person gets married without a marriage settlement, any property acquired before the marriage becomes community property, which means it is owned jointly by both spouses. Therefore, the correct answer is community property.

An ecosystem refers to a specific area that includes both the living community (organisms) and the physical environment they inhabit. It is a complex network where organisms interact with each other and their surroundings, exchanging energy and nutrients. This term encompasses all the different species, such as plants, animals, and microorganisms, as well as the non-living elements like air, water, and soil. Therefore, an ecosystem is the most appropriate term to describe the given area composed of a community of organisms and their physical environment.

Sustainable development refers to the concept of meeting the needs of the present generation without depleting resources or causing harm to the environment, while also ensuring that future generations will be able to meet their own needs. It involves finding a balance between economic growth, social well-being, and environmental protection. By implementing sustainable practices, such as renewable energy sources, waste reduction, and conservation efforts, we can ensure a better future for both humans and the planet.

The correct answer is "condominium project unless the corporation is earlier dissolved." This means that the life of the condominium corporation will continue as long as the condominium project is ongoing, unless the corporation is dissolved before that. It implies that the existence of the corporation is directly tied to the existence of the condominium project, and it will cease to exist if the project is completed or terminated.

The correct answer is NHA - National Housing Authority. The National Housing Authority is a government agency responsible for implementing housing programs and projects for the underprivileged and homeless citizens. They aim to provide affordable and decent housing options to those in need. The NHA works towards addressing the housing needs of the marginalized sectors of society and ensuring that everyone has access to safe and adequate housing.

The statement states that for subdivisions with an area of one hectare and above, it is not mandatory to allocate 30% of the gross area for open spaces. However, the correct answer is False, which means that it is indeed mandatory to allocate 30% of the gross area for open spaces in such subdivisions.

The correct answer is single-proprietorship. In the context of condominium projects, a single-proprietorship refers to a business owned and operated by a single individual. However, condominium projects typically involve multiple owners and require the establishment of management bodies to oversee the operations and maintenance of the property. Cooperatives and corporations are commonly used management bodies for condominium projects, as they allow for shared ownership and collective decision-making. Therefore, single-proprietorship is not allowed as a type of management body for condominium projects according to the law.

The capital gains tax is calculated as 6% of the selling price, which is P35,000 per square meter. Therefore, the capital gains tax would be 6% of P35,000, which is P2,100 per square meter. Since the lot is 700 square meters, the total capital gains tax would be P2,100 multiplied by 700, which equals P1,470,000. However, the zonal valuation of the lot is P37,000 per square meter, which is higher than the selling price. This means that the capital gains tax should be based on the zonal valuation instead. Therefore, the correct amount to indicate for the capital gains tax would be 6% of P37,000, which is P2,220 per square meter. Multiplied by 700, the total capital gains tax would be P1,554,000.

The tax base is determined by taking the higher value between the selling price and the fair market value. In this case, the fair market value of the house is P1,000,000 and the fair market value of the lot is P1,200,000. Since the selling price of the property is P2,500,000, which is higher than both the fair market values, the tax base is P2,500,000.

The given correct answer, PA 21, likely refers to a specific policy or program related to sustainable development. It is part of the national agenda for sustainable development and focuses on integrating strategies for the country's overall sustainable development. PA 21 may also identify intervention areas from the national to the regional level, suggesting that it is a comprehensive and multi-level approach to sustainable development.

The correct answer is 100% because the HDMF collateral ratio refers to the percentage of the loan amount that can be covered by collateral. In this case, the loan amount is P400,000.00 and the collateral ratio is 100%, which means that the entire loan amount can be covered by collateral.

The capital gains tax is calculated by subtracting the cost basis (the sum of the fair market value of the house and the fair market value of the lot) from the selling price. In this case, the cost basis is P1,000,000 + P1,200,000 = P2,200,000. The selling price is P2,500,000. Therefore, the capital gains tax is P2,500,000 - P2,200,000 = P300,000. However, the capital gains tax is only 6% of the selling price, so the final amount is 6% of P300,000, which is P18,000.

Urbanisation refers to the process of people moving from rural areas to urban areas, resulting in the growth and expansion of towns and cities. This process leads to changes in behavior and social relationships as people adapt to the urban environment and the new social dynamics that come with it. Urbanisation is a spatial and social process because it involves physical changes in the landscape as well as changes in social interactions and relationships. Globalization, on the other hand, refers to the increasing interconnectedness and interdependence of countries and economies on a global scale, which may contribute to urbanisation but is not the same as urbanisation itself.

Legitime refers to the reserved property for compulsory heirs. In inheritance law, compulsory heirs are individuals who are entitled to a certain portion of the deceased person's estate, regardless of the presence or absence of a will. This reserved property, known as legitime, ensures that these heirs receive their rightful share and cannot be completely disinherited. It is a legal protection that guarantees the compulsory heirs' inheritance rights and prevents them from being unjustly excluded from the deceased person's estate.

A contract to sell refers to an agreement where one party agrees to sell a specific property or item to another party at a future date, usually upon the fulfillment of certain conditions. Unlike a deed of sale, which involves the immediate transfer of ownership, a contract to sell does not transfer ownership until the conditions specified in the agreement are met. This means that it is merely an executory contract or a promise to sell, rather than an actual transfer of ownership.

A deed of absolute sale of a parcel of land signed by the buyer and the seller but not notarized is considered valid because the essential elements of a contract are present - offer, acceptance, and consideration. The fact that it is not notarized does not invalidate the contract, as notarization is not always a requirement for a contract to be considered valid. However, it is important to note that without notarization, the document may not have the same level of legal enforceability as a notarized deed.

The correct answer is 4,375,000.00. To find the net proceeds, we need to subtract the expenses (capital gains tax, documentary stamp tax, and broker's commission) from the selling price. The expenses amount to 5% of the selling price, which is 5,000,000.00 x 5% = 250,000.00. Subtracting this from the selling price gives us 5,000,000.00 - 250,000.00 = 4,750,000.00. However, the question states that the selling price is inclusive of the expenses, so we need to subtract the expenses again. 4,750,000.00 - 250,000.00 = 4,375,000.00, which is the net proceeds.

A community is a group of different populations of organisms living together in a specific area and interacting with each other. These interactions can be competitive, where organisms compete for resources, predator and prey relationships, where some organisms hunt and consume others, or symbiotic relationships, where organisms depend on each other for survival. Therefore, a community best describes the given description of different populations living together and interacting in various ways.

Bulk buying with construction of housing units resulting in increased density from the original plan is not exempted from securing a license to sell under PD 957. This means that developers who engage in bulk buying and construct housing units that deviate from the original plan, resulting in increased density, are required to secure a license to sell before they can proceed with selling the units. The other two transactions mentioned, on-site CMP and NHA controlled buying, are exempted from securing a license to sell under PD 957.

An adverse claim lapses after 30 days from annotation in the certificate of land title. This means that if someone files an adverse claim against a property, stating that they have a legal right or interest in it, the claim will become invalid and ineffective after 30 days from the date it was officially recorded in the certificate of land title. After this period, the adverse claim will no longer have any legal standing or impact on the property's ownership.

Under RA 891, the maximum redemption period after extrajudicial foreclosure of a mortgage executed by a corporation in favor of a bank is 3 months. This means that the corporation has a period of 3 months to redeem the property after it has been foreclosed upon by the bank. This provision is in place to provide a reasonable amount of time for the corporation to gather the necessary funds to redeem the property and regain ownership.

Combined or multiple land uses refers to the practice of incorporating different types of land uses within a single site or parcel of land simultaneously. This approach allows for efficient and sustainable use of land resources, as it maximizes the potential benefits and minimizes conflicts between different land uses. By combining compatible land uses, such as residential, commercial, and recreational activities, the land can be utilized more effectively, promoting economic development, social interaction, and environmental sustainability.

The term "finiteness" refers to the characteristic of land being limited or finite in quantity. This means that land is not infinite and cannot be reproduced or created. Unlike other resources, such as labor or capital, land cannot be easily moved or replicated. It is a fixed asset that exists in a specific location and cannot be expanded or multiplied. Therefore, the concept of finiteness highlights the scarcity and non-reproducibility of land as a valuable resource.

PD 1529 is the correct answer because it is the law that provides the requirement for a married person to state their marital status as married and indicate the name of their husband in a sale of real property. This law specifically addresses the legal procedures and requirements for the registration of land titles and provides guidelines for the transfer and disposition of real property in the Philippines.

The current maximum selling price of a house and lot under BP 220 economic type of subdivision is 1.25 Million.

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This answer is correct because the statement describes a land use policy area that is specifically focused on economic production. This could include various sectors such as agriculture, manufacturing, and services. The policy aims to maximize productivity and generate economic growth through the efficient use of land resources.

The given question describes an area with railways and canals for transportation, as well as a mix of housing and industry. This type of settlement is commonly known as an industrial town. In industrial towns, the primary function is the presence of industries and factories, which attract workers and require housing and transportation infrastructure. These towns typically have a high concentration of industrial activities and provide employment opportunities for the local population.

The statement is false because the sale of a subdivision lot resulting from partition of land among co-owners and heirs does not require a license to sell from HLURB.

The correct answer is "Deed of sale with mortgage" because this type of contract involves the buyer paying a portion of the purchase price upfront and agreeing to pay the remaining balance within a specified time frame. To secure the payment of the balance, the property is mortgaged back to the vendor. This means that if the buyer fails to pay the balance, the vendor has the right to take possession of the property.

The correct answer is PD No. 1586. This presidential decree was the official document that established the Philippine Environmental Impact Statement (EIS) System in 1978. It outlined the guidelines and procedures for conducting environmental impact assessments for projects in the Philippines. The EIS System aims to ensure that development projects are evaluated for their potential environmental impacts and that appropriate mitigation measures are implemented to minimize any adverse effects.

The Department of Justice has stated that the Condominium Act does not contain any specific provision that prohibits a 100% foreign-owned corporation from establishing a condominium project on leased land. This means that there are no legal restrictions preventing such a corporation from setting up a condominium project on leased land.

The correct answer is "One (1) year from registration of certificate of sale." This means that the mortgagor has one year from the date the certificate of sale is registered to redeem the property. The redemption period starts after the property has been foreclosed extrajudicially and sold at a public auction.

Disturbance compensation refers to the cash or payment in kind given by a landowner or developer to tenants, farmworkers, or bonafide occupants who will be affected by the DAR conversion. This compensation is provided to help these individuals cope with the disruption and inconvenience caused by the conversion process. It is meant to compensate for any disturbance or displacement they may experience as a result of the conversion.

If the contract of lease is duly notarized, it means that it has been signed and certified by a notary public. This adds a level of authenticity and legal validity to the document. Notarization ensures that the parties involved in the lease have willingly entered into the agreement and that they understand the terms and conditions. It also provides a public record of the lease, making it enforceable and binding on third parties.

The minimum width of road required for residential projects falling under PD 957 is 8 meters. This width is necessary to ensure proper access and circulation within the residential area, allowing for the smooth movement of vehicles and pedestrians. It also takes into account safety considerations and emergency access requirements. A wider road would provide more space and flexibility, but 8 meters is the minimum width deemed sufficient for residential projects under PD 957.

In a Pacto de Retro contract of sale where there is no stipulation of the redemption period, the period of redemption shall be 4 years. This means that the vendor has the right to buy back or redeem the property within a period of 4 years from the date of the contract.

After the 1992 Rio Summit, the term "biodiversity" gained popularity as a way to measure the overall health and diversity of species on the planet. It refers to the variety of plants, animals, and microorganisms found in a particular ecosystem or on Earth as a whole. Biodiversity is important for maintaining the balance of ecosystems and providing essential services such as pollination, nutrient cycling, and climate regulation.

A comprehensive land use plan refers to a document that outlines specific proposals for guiding and regulating the growth and development of a city or municipality. This plan takes into account various factors such as population growth, infrastructure needs, environmental considerations, and land use patterns. It serves as a blueprint for future development and helps ensure that land is utilized in a way that is beneficial for the community as a whole. The plan typically includes zoning regulations, transportation plans, and guidelines for the preservation of open spaces and natural resources.

The maximum loan entitlement for a Pag-ibig member paying P1,300 monthly contribution is 2.7M. This means that the member is eligible to borrow up to 2.7 million pesos from Pag-ibig. The loan entitlement is determined based on the member's monthly contribution, and in this case, the member's contribution of P1,300 qualifies them for the highest loan amount available.

In the case of the sale of agricultural lands not exceeding five hectares, the buyer must submit an Affidavit of total or aggregate landholding. This document is necessary to verify the buyer's total landholding, ensuring that they are not exceeding the maximum allowable limit set by the government. It provides information on the buyer's existing landholdings and helps in determining their eligibility to purchase additional agricultural lands.

The correct answer is "its classification". The criteria for CARP coverage include the suitability of the land for agriculture and its classification. This suggests that the classification of the land plays a significant role in determining its eligibility for CARP coverage. The classification may refer to how the land is categorized or designated, such as agricultural land, residential land, or commercial land. The classification helps in identifying the purpose and potential use of the land, which is crucial in determining its suitability for agricultural activities and acquisition under CARP.

Urban settlements are more expansive and contain a wide range of land uses compared to rural settlements. This is because urban areas are typically more densely populated and developed, with a greater concentration of infrastructure, buildings, and amenities. Urban settlements often include residential, commercial, industrial, and recreational areas, as well as transportation networks and public facilities. In contrast, rural settlements tend to be more spread out and focused on agriculture or natural resource-based activities, with less diversity in land use.

The correct answer is "Daily" because the penalty for late payment of the monthly amortization is calculated on a daily basis. This means that for each day the payment is overdue, a penalty will be applied. The frequency of the penalty calculation determines the amount that needs to be paid for each late day.

The statement is false because it states that the payment of realty taxes shall be the sole responsibility of the buyers on installment payment at all times. This implies that the buyers are solely responsible for paying the realty taxes, regardless of any other circumstances. However, in reality, the responsibility for paying realty taxes can vary depending on the terms and agreements between the buyers and the seller. It is not always the sole responsibility of the buyers, as it can be negotiated and shared between the parties involved.

Adverse possession is not an example of involuntary alienation because it is a legal concept that allows someone to gain ownership of another person's property through continuous and open possession for a specified period of time. In contrast, involuntary alienation refers to the transfer of property without the owner's consent, such as through expropriation (government seizure of property) or a tax deficiency sale.

The given statement explains that the settlements rely on a local and agricultural-based economy. This suggests that the settlements are located in rural areas where agriculture is a major source of livelihood. Additionally, the statement mentions dependencies on services such as hospitals and educational establishments in nearby urban centers, further indicating that these settlements are not urban but rather rural. Therefore, the correct answer is rural settlements.

The consequences of non-payment of assessment include the management body constituting a lien on the delinquent condominium unit by registering a notice of assessment and delinquency with the Register of Deeds. This lien can be enforced through judicial or extra-judicial foreclosure, similar to a mortgage foreclosure. However, unlike in cases of mortgage foreclosure, the unit owner affected does not have the right of redemption.

The correct answer is HLURB and other existing laws because when planning and designing a condominium project, it is important to adhere to the minimum design standards set by the HLURB (Housing and Land Use Regulatory Board) as well as other existing laws. These standards ensure that the project meets the necessary requirements for safety, functionality, and compliance with relevant regulations. The Building Code and local government regulations may also play a role in the design process, but the HLURB and other existing laws are specifically mentioned in the question as the primary sources of design standards.

The condition for a real estate mortgage to be foreclosed extrajudicially is when there is a special power to sell inserted in or attached to the mortgage contract. This means that if the mortgage contract includes a provision that allows the mortgagee (lender) to sell the property in the event of default, then the foreclosure can be done without involving the court system. This option is often chosen when the parties involved want to avoid litigation and resolve the foreclosure process more quickly.

The total combined assessed value of the land and improvement is calculated by multiplying the market value of the land by the assessment level for residential properties and adding it to the market value of the structure. In this case, the market value of the land is 275 sqm multiplied by P4,525.00 per sqm, which equals P1,244,375.00. The assessment level for residential properties is 20%, so the assessed value of the land is P1,244,375.00 multiplied by 20%, which equals P248,875.00. Adding this to the market value of the structure, which is P2,400,000.00, the total combined assessed value is P1,822,187.50.

The Land Registration Law aims to ascertain the absolute titles over a given landed property and to make a certificate of title issued by the court absolute proof of such title. However, it does not intend to decree that land title to be final, revocable, and disputable. The law aims to establish a clear and indisputable ownership of land, providing certainty and security to landowners.

The HLURB is responsible for regulating and adjudicating matters related to land use and development. They also have the authority to issue licenses to sell properties. However, the given answer states that the HLURB is not responsible for issuing development permits.

A condominium is a type of real estate that consists of individual units within a larger building or complex. Each unit owner has a separate interest in their specific unit and also shares an undivided interest in the common areas and land of the property. This means that while each owner has exclusive ownership of their unit, they also have shared ownership and responsibility for the common spaces and land.

Conservation refers to the management of the earth's resources in a way that aims to restore and maintain the balance between human requirements and the other species of the world. This means taking measures to protect and preserve natural habitats, wildlife, and ecosystems, while also promoting sustainable use of resources. Conservation efforts can include activities such as establishing protected areas, implementing sustainable farming practices, and promoting renewable energy sources. By conserving the environment, we can ensure the long-term survival of various species and maintain the overall health and balance of the planet.