Questions About Real Estate Laws In The Philippines

119 Questions | By Zaldyt | Last updated: Mar 21, 2022 | Total Attempts: 1289

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Questions About Real Estate Laws In The Philippines - Quiz

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1.

The Condominium Act law is an act to define condominium, establish requirements for its creation, and govern its incidents.
- A.
  
  P.D. 4276
- B.
  
  R.A. 4726
- C.
  
  P.D. 4726
- D.
  
  R.A. 4276
2.

“Maceda Law” or The Realty Installment Buyer Protection Act which provides protection to buyers of residential units on installments against scrupulous sellers/contracts (including residential condominium apartments, but excluding industrial lots, commercial buildings and sales to tenants.
- A.
  
  R.A. 6552
- B.
  
  P.D. 6552
- C.
  
  R.A. 6225
- D.
  
  P.D. 6225
3.

Comprehensive Agrarian Reform Law, the law that protects the welfare of the landless farmers and farm workers will receive the highest consideration to promote social justice and to move the nation toward sound rural development and industrialization, and the establishment of owner cultivatorship of economic-sized farms as the basis of Philippine agriculture.
- A.
  
  R.A. 6657
- B.
  
  R.A. 6557
- C.
  
  P.D. 6657
- D.
  
  P.D. 6557
4.

AN ACT TO ORDAIN AND INSTITUTE THE CIVIL CODE OF THE PHILIPPINES.
- A.
  
  R.A. 386
- B.
  
  P.D. 386
- C.
  
  R.A. 836
- D.
  
  P.D. 836
5.

Foreign Investment Act 1991, AN ACT TO PROMOTE FOREIGN INVESTMENTS, PRESCRIBE THE PROCEDURES FOR REGISTERING ENTERPRISES DOING BUSINESS IN THE PHILIPPINES, AND FOR OTHER PURPOSES
- A.
  
  R.A. 7042
- B.
  
  P.D. 7042
- C.
  
  R.A. 7402
- D.
  
  P.D. 7402
6.

The Local Government Code of 1991, devolves the following function of HLRUB to the local government units, issuance of approval of subdivision plans to local government units (LGUs) subject to national laws and standards, and devolves to the Sangguniang Panlalawigan, subject to national guidelines and standards the approval of comprehensive land use plans of municipalities.
- A.
  
  R.A. 7160
- B.
  
  P.D. 7160
- C.
  
  R.A. 7610
- D.
  
  P.D. 7610
7.

The “Lina Law” or the Urban Development & Housing Act of 1992, is AN ACT TO PROVIDE FOR A COMPREHENSIVE AND CONTINUING URBAN DEVELOPMENT AND HOUSING PROGRAM, ESTABLISH THE MECHANISM FOR ITS IMPLEMENTATION, AND FOR OTHER PURPOSES
- A.
  
  P.D. 7279
- B.
  
  R.A. 7279
- C.
  
  P.D. 7729
- D.
  
  R.A. 7729
8.

Comprehensive and Integrated Shelter Financing Act of 1994, AN ACT PROVIDING FOR A COMPREHENSIVE AND INTEGRATED SHELTER AND URBAN DEVELOPMENT FINANCING PROGRAM BY INCREASING AND REGULARIZING THE YEARLY APPROPRIATION OF THE MAJOR COMPONENTS OF THE NATIONAL SHELTER PROGRAM, INCLUDING THE ABOT-KAYA PABAHAY FUND, AUGMENTING THE AUTHORIZED CAPITAL STOCK AND PAID-UP CAPITAL OF THE NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC) AND THE HOME INSURANCE AND GUARANTY CORPORATION (HIGC), IDENTIFYING OTHER SOURCES OF FUNDING AND APPROPRIATING FUNDS FOR THE PURPOSES.
- A.
  
  P.D. 7385
- B.
  
  P.D. 7835
- C.
  
  R.A. 7385
- D.
  
  R.A. 7835
9.

Known as the Charter of the Housing and Land Use Regulatory Board (HLURB) which promulgate the zoning & other land use control standards & guidelines
- A.
  
  E.O. 684
- B.
  
  E.O. 846
- C.
  
  E.O. 486
- D.
  
  E.O. 648
10.

Indigenous Peoples Rights Act, AN ACT TO RECOGNIZE, PROTECT AND PROMOTE THE RIGHTS OF INDIGENOUS CULTURAL COMMUNITIES/INDIGENOUS PEOPLE, CREATING A NATIONAL COMMISSION OF INDIGENOUS PEOPLE, ESTABLISHING IMPLEMENTING MECHANISMS, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
- A.
  
  R.A. 8371
- B.
  
  P.D. 8371
- C.
  
  R.A. 8731
- D.
  
  P.D. 8731
11.

Law that prescribe the policies and procedures that will guide the operations of the Home Guaranty Corporation particularly the implementation of a credit guaranty system for housing.
- A.
  
  R.A. 8763
- B.
  
  P.D. 8763
- C.
  
  P.D. 8673
- D.
  
  R.A. 8673
12.

The Dual Citizens Law or "Citizenship Retention and Re-acquisition Act of 2003, declared in this policy of the State that all Philippine citizens of another country shall be deemed not to have lost their Philippine citizenship under the conditions of this Act.
- A.
  
  P.D. 9255
- B.
  
  P.D. 9225
- C.
  
  R.A. 9255
- D.
  
  R.A. 9225
13.

The Philippine Environmental Impact Assessment System law by DENR which requires all person, partnership or corporation to secure an Environment Compliance Certificate prior to undertaking any activity.
- A.
  
  P.D. 1856
- B.
  
  P.D. 1586
- C.
  
  R.A. 1586
- D.
  
  R.A. 1856
14.

The COMPREHENSIVE AGRARIAN REFORM LAW which implements a comprehensive agrarian reform with the intention that any conversion of private land to non-agricultural uses should first be cleared before hand by the Department of Agrarian Reform.
- A.
  
  P.D. 6557
- B.
  
  R.A. 6557
- C.
  
  P.D. 6657
- D.
  
  R.A. 6657
15.

Law in which HLURB assumed the functions of the National Housing Authority on real estate management and was mandated to enforce P.D. 957, P.D. 1216 and P.D. 1517 among others and was vested with quasi-judicial powers to make it a more effective regulatory agency.
- A.
  
  E.O. 648
- B.
  
  B.P. 648
- C.
  
  R.A. 648
- D.
  
  P.D 648
16.

Law in which the HLURB was designated as the sole regulatory body for housing and land development. It was mandated to encourage greater private sector participation in low cost housing through liberalization of development standards simplification of regulations and decentralization of permits and licenses. It was identified together with National Housing Authority (NHA), National Home Mortgage and Finance Corp. (NHMFC) and Home Guaranty Corporation (HGC), as a key shelter agency under housing activities of the government to ensure the accomplishment of National Shelter Program.
- A.
  
  E.O. 90
- B.
  
  P.D. 90
- C.
  
  B.P. 90
- D.
  
  R.A. 90
17.

Subdivision and Condominium Buyers Protective Decree which regulate sale of subdivision lots and condominiums units to buyers, defines sale to be covered by registration, defines duties and responsibilities of owner/developer (o/d) of condominium and subdivision projects and defines rights of condominium/subdivision units/lot buyers
- A.
  
  P.D. 957
- B.
  
  B.P. 220
- C.
  
  E.O. 648
- D.
  
  R.A. 386
18.

The “Lina Law” or the Urban Development & Housing Act of 1992 which Provides for Balance Socialized Housing Program through provision of low cost housing program (SHP) intended to benefit the underprivileged and homeless and to be sold at the lowest interest rate and requires developers of residential subdivision projects to allocate 20% of the projects area/cost into socialized housing.
- A.
  
  R.A. 7279
- B.
  
  P.D. 7279
- C.
  
  R.A. 7729
- D.
  
  P.D. 7729
19.

Law that defines open spaces in residential subdivision and amended Sect. 31 of PD 957 which requires subdivision owners to provide adequate roads, alleys, sidewalks and reserved open spaces for parks or recreational use equivalent to 30% of the total area of the subdivision project; and are non-saleable/non-alienable public lands.
- A.
  
  P.D. 1261
- B.
  
  R.A. 1216
- C.
  
  P.D. 1216
- D.
  
  R.A. 1261
20.

Law that authorizes the HLURB to promulgate different levels of standards and technical requirements for economic and socialized housing projects from those provided for under PD 957, PD 1216, PD 1096 and PD 1185.
- A.
  
  P.D. 220
- B.
  
  R.A. 220
- C.
  
  E.O. 220
- D.
  
  B.P. 220
21.

The Urban Land Reform Law provides for protection of legitimate tenants and requires clearance for development proposals and land transactions in proclaimed Area for Priority Development (APDs) and Urban Land Reform Zones (ULRZs).
- A.
  
  P.D. 1517
- B.
  
  R.A. 1517
- C.
  
  P.D. 5171
- D.
  
  R.A. 5171
22.

Provides for implementing guidelines and role of HLURB in the devolution of a approval of subdivision plans to the LGUs.
- A.
  
  E.O. 71
- B.
  
  P.D. 71
- C.
  
  R.A. 71
- D.
  
  B.P. 71
23.

Law that amends the Sections 4 and 16 of RA 4726 or the “Condominium Act” where HLURB is given the following authorities for the approval of any amendment to or revocation of the enabling or master deed of a condominium project subject to consent by a simple majority of all registered owners, and where prior notification to all registered owner is done and approval of the expansion of a condominium corporation or integration of a condominium project with another project upon the affirmation vote of a simple majority of registered owners.
- A.
  
  P.D. 7899
- B.
  
  R.A. 7899
- C.
  
  P.D. 8799
- D.
  
  R.A. 8799
24.

Foreign Investments Act of 1991, AN ACT TO FURTHER LIBERALIZE FOREIGN INVESTMENTS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 7042, and specifies entitlements and conditions for land acquisition for investment and other purposes.
- A.
  
  P.D. 8179
- B.
  
  P.D. 8719
- C.
  
  R.A. 8179
- D.
  
  R.A. 8719
25.

Law that proclaims certain areas and types of projects as environmentally critical and within the scope of the requirements of PD 1586.
- A.
  
  Proclamation No. 2146
- B.
  
  Proclamation No. 2164
- C.
  
  Proclamation No. 1246
- D.
  
  Proclamation No. 2416