Name: _________________________

Multiple Choice. Encircle the correct answer.

1. The survey comprising all classes of surveys of isolated parcels of land used for
agricultural, residential, commercial resettlement or other purposes is _______________.
a.) Geodetic Control Survey
b.) Private Land Survey
c.) Isolated Survey
d.) Cadastral Survey
2. The extensive survey made to determine the metes and bounds within the entire
municipality or city for land registration and other purposes is ____________.
a.) Topographic Survey
b.) Relocation Survey
c.) Cadastral Survey
d.) Public Land Subdivision
3. The survey conducted over a parcel of land in order to determine the contour, terrain
and elevation of the said land is a _________________.
a.) Topographic Survey
b.) Relocation Survey
c.) Cadastral Survey
d.) Public Land Subdivision
4. The survey conducted over a parcel of land in order to identify and re-establish the
boundaries of the said land in accordance with the technical descriptions inscribed in
the certificate of title or approved plans is a ________________.
a.) Topographic Survey
b.) Relocation Survey
c.) Cadastral Survey
d.) Public Land Subdivision
5. The lines in topographic map which indicate the elevation of the terrain at various
sections of the land are ___________________.
a.) Azimuth lines
b.) Elevation lines
c.) Contour lines
d.) Long and Curve Lines
6. All original surveys covering alienable and disposable lands which have not been
subjected to private rights nor devoted to public use pursuant to the provisions of
public land laws shall refer to ___________.
a.) Public Land Subdivision
b.) Private Land Surveys
c.) Public Land Surveys
d.) Cadastral Surveys
7. Which is not a cardinal direction in map reading?
1. North
b. North-East
c. East
8. Which is not one of the classifications of Isolated Land Surveys?

d. South

a. Public land Surveys

b. Privaete Land Surveys

c. Government Land Surveys

d. Conversion Surveys

9. Which is not one of the Reference Monuments?

a.Provincial Boundary Monuments
c.Municipal Boundary Monuments
b.Barrio Boundary Monuments
d.Barangay Boundary Monuments
Indicate the survey symbol of the following:
10.Resurvey
a. Rs
b. Rsrvy
c. Ry
d. Rsrv
11.Group Settlement Surveys
a. Gss
b. Grs
c. Gssrv
d.
Gssrvy
12.Segregation Surveys
a. Sgs
b. Ss
c. Ssrv
d. Ssrvy
13.Public Land Subdivision
a. Pls
b. Plsd
c. Plsbd
d. Plsub
14.Homestead
a. H b. Hmtd
c. Hmstd
d, Hd
15.Free Patent
a. F
b. Fp
c. FPt
d. Frp
16.Sales Application: Individual
a. Si b. Sai
c. Sain
d. Sapi
17.Sales Application: Corporation
a. Sc b. Sac
c. Saco
d.Sapc
18.Foreshore Lease Application: Individual
a. Fli
b. Flai
c. Flapi
d.
Fleapi
Subdivision and or Consolidation of untitled or undecreed property:
19.Subdivision
20.Consolidation
21.Consolidation and Subdivision

a. Csd

b. S
a. Ccn
a. Ccs

b. C
b. Cas

c. Sub
d. Subd
c. Con
d. Cdn
c. Cs
d. Consub

Subdivision and or Consolidation of titled or decreed property:

22.Subdivision
23.Consolidation
24.Consolidation and Subdivision

a. Psd

b.Ps
a. Pcn
a. Pcs

c. PSub
d. PSubd
b.Pc
c. PCon
d. PCdn
b. Pcas c. Pcsub
d. Pconsub

25.How much of the distributable income of a REIT should be given as annual dividends
to its stockholders? (a) 70%; (b) 80%; (c) 90%; and (d) 95%
26.What is the minimum number of shares that all public stockholders of a REIT should
hold? (a) 1; (b) 20; (c) 50; and (d) 100
27.What is the minimum number of public stockholders that a REIT should have? (a)
500; (b) 1,000; (c) 1,500; and (d) 2,000
28.What is the ceiling of executive compensation that should be given as annual pay of
all directors and principal officers of a REIT in relation? (a) 10% of the net income
before tax; (b) 15% of the net income before tax; (c) 1% of the gross income; and
(d) 2% of the gross income
29.What is the ceiling of fees that should be paid to fund and property managers of a
REIT? (a) 1% of the net asset value of assets under their management; (b) 3% of
the net asset value of assets under their management; (c) 1% of the gross income;
and (d) 2% of the gross income

30.What is the limit of investments of income generating real estate outside of the
Philippines that a REIT can undertake in relation to its deposited property? (a) Not
more than 30% ; (b) Not more than 40%; (c) Not more than 50%; and (d) Not
more than 60%
31.A REIT has a governing board composed of 11 directors. How many of these 11
directors should be independent? (a) 1; (b) 2; (c) 3; and (d) 4
32.What is the minimum paid up capital of a REIT? (a) P100-million; (b) P200-million;
(c) P300-million; and (d) P400-million
33.By how much of the deposited property of a REIT should be invested in income
generating real estate? (a) 65%; (b) 70%; (c) 75%; and (d) 80%
34.What is the minimum number of years of good track record from date of acquisition
that a real estate should be considered as an allowable investment of a REIT? (a) 3;
(b) 4; (c) 5; and (d) 6
35.Synthetic investment products are derivatives and other securities created
exclusively out of one or more financial instruments to simulate the returns of the
underlying assets or indices. By how much of the investible funds should be
allocated by a REIT on these synthetic investment products? (a) Not more than 1%;
(b) Not more than 3%; (c) Not more than 5%; and (d) Not more than 7%
36. In real estate brokerage, the owner is the principal while the real estate broker is
referred
to as
a Principal
d Fiduciary Agent
b Salesman
e Coordinator
c Agent
37.The following information may not necessarily be included in the Authority to Sell
a Name of the Owner
d Address of the property
b Shape of the property e Validity of the ATS
c Area
38. The following is not a function of a Real Estate Broker
a To sell the house and lot of the owner
b To assist the buyer in securing a loan
c To notarize the Contract to Sell
d To find a developer for joint venture
e To assist the buyer during ocular inspect
39.Real Estate Service Practitioners include:
a Real Estate Consultant
d Real Estate Salespersons
b Real Estate Brokers
e All of the Above
c Ral Estate Appraisers
40.To be entitled to a professional fee, the real estate broker must
a Find a sales associate
d Be registered with DTI
b Be the procuring cause
e Post the advertisement on facebook
c Find a cash buyer
41.The sharing of the professional fee between brokers should be:
a Equal sharing
d As agreed between the brokers
b As agreed with the owner
e As agreed with the downlines
c As agreed with the buyer
42.The first step in Real Estate Brokerage is:
a To bless the office
d To go ocular inspection with clients
b To organize sales group
e To check documents of the client
c To secure property listing

43.Ms & Mrs Tan gave an authority to REB Santos to sell their Ladislawa lot and gave
another
authority to REB Cruz and another one to REB Perez. This kind of authority is
referred to as:
a Exclusive Listing
d Multiple Authority to Sell
b Oral Listing
e Limited Authority
c Open Listing
44.In a real estate transaction the broker gets a
a Profit
d Honorarium
b Dividend
e Stipend
c Professional Fee
45. A provision in the listing agreement which stipulates that the broker is entitled to the
commission if
the subject property, within a certain period after the lapse of the period of
authority, is ultimately
sold to a prospective buyer that was registered by the broker with the owner
within the period of
authority
a Holdover Clause
d Memorandum of Understanding
b Extension of time
e Contract to Sell
c Authority to Sell
46. Mr Pascual told his broker to sell his condo unit and he promised to give 5%
professional
fee but no authority in writing was given. The authority is
a Valid
d A scam
b Voidable
e Not valid
c Null and Void
47. Ms. Angela Santos passed the broker's exam and gor her license. She must pay her
professional
tax to:
a Bureau of Internal Revenue
d HLURB
b Department of Justice
e PRC
c City Treasurer's Office
48. Mr. Cock Roach asked his broker Ms Jinkee to assist him acquire a house, this type of
agency is called
a Exchange Agency
d Manpower Agency
b Purchase Agency
e Lease Agency
c Sales Agency
49.A person, natural of juridical who is engaged in the trade of leasing his own real
properties
with the purpose of generating profit is a
a Real Estate Trader
d Real Estate Consultant
b Real Estate Dealer
e Real Estate Businessman
c Real Estate Broker
50.The following are good qualities of a Real Estate Service practitioner, except:
a Emphatic
d Flexible
b Intelligent
e Trustworthy
c Over-confident
51. Only the following can be a Licensed Real Estate Broker
a LPG Realty
d ABC Realty & Devt Corporation
b Mr. Jose delos Santos
e Ed Sheeran
c Eagles Division
52. Professional fee is due and demandable
a Upon payment of res. fee
d Upon transfer of title to the buyer
b Upon submission of documents
e Upon signing of reservation agreement

c Upon consummation of the contract

53. It is defined as the land and / or building or other improvements permanently
attached to
land including the rights and interests thereon.
a Real Estate
d Property Inheritance
b Collateral
e Real property ownership
c Landholding
54.The following is not really a part of the steps in real estate brokerage
a Presentation/Demonstration
d Securing Listing
b Registration
e Turnover of Possession
c Negotiation & Consummation
55. ZBD Realty Corporation is selling its property at San Pedro Street, Davao City. Mr.
Bean, the
General Manager was tasked to represent the company in the transaction. He
needs the
following to protect his authority:
a Notarized listing authority
b Board Resolution from the company affirming his authority as representative
c Articles of Incorporation & By-Laws
d Signature of the Chairman of the Board
e. His 201 file from HRD
56. Real Estate as a business refers to the following, except
a Leasing
d Financing
b Buying
e Baking
c Selling
57. A duly accredited natural persons who performs service for and in behalf of a real
estate
broker
a Real Estate Consultant d Real Estate Salesperson
b Real Estate Appraiser
e Real Estate Dealer
c Real Estate Assessor
58. A duly registered and licensed natural person who works in a local government
unit and
performs appraisal and assessment of real properties including plants, equipment
and
machineries essentially for taxation purposes
a Real Estate Consultant d Real Estate Salesperson
b Real Estate Appraiser
e Real Estate Dealer
c Real Estate Assessor
59. A natural or juridical person who for and in expectation of a fee, compensation or
other
valuable consideration offers or renders professional advice on the conception,
planning
and development of realty projects
a Real Estate Consultant d Real Estate Salesperson
b Real Estate Appraiser
e Real Estate Dealer
c Real Estate Assessor
60. Any person, natural or juridical, who is an agent of another person and for and in
expectation
of a fee or other valuable consideration effects the meeting of the minds of both
parties on
the sale, purchase, exchange, mortgage, lease or joint venture or other
transactions in
real estate
a Real Estate Consultant d Real Estate Salesperson
b Real Estate Appraiser
e Real Estate Dealer

c Real Estate Broker

61. After agreeing on the final price, the buyer gave earnest money to the seller. The
earnest
money shall be considered
a Part of the Purchase Price
d Downpayment
b Not part of the Purchase Price
e Option Money
c Reservation fee
62. An agreement wherein the consideration of a contract, or a portion thereof, is
entrusted
to a third party in a sale transaction
a Option Contract
d Contract to Sell
b Listing Agreement
e Earnest Money Agreement
c Escrow Agreement
63. The authority of the Real Estate Broker and his contract with the owner to
negotiate the
sale, lease, purchase, exchange or mortgage of the real estate property at the
price, terms
and for a fee or any valuable consideration specified in the authority within a
stated period
a Option Contract
d Contract to Sell
b Listing Agreement
e Earnest Money Agreement
c Escrow Agreement
64. It refers to the compensation / remuneration and/or payment for the service
rendered
by the real estate broker
a Professional Fee
d Honorarium
b Talent Fee
e Dividend
c Reservation Fee
65. Which of the following are modes of terminating an agency
a By accomplishment of the purpose;
b By expiration of the period for which the agency was constituted;
c By revocation;
d By mutual agreement
e All of the above
66. Mr Patrick de Jesus is setting up a realty company to market the newest
subdivision project
in Davao City. Mr De Jesus should make sure that his salespersons are :
a Duly accredited with PRC
d Duly accredited with PDIC
b Duly accredited with DTI
e Duly accredited with PNOC
c Duly accredited with HLURB
67. It is given to landowners whose properties were covered under the
Comprehensive Agrarian Reform Program
(CARP) pursuant to R.A. 6657 and means the
equivalent for the value of the property at the time of its taking.
a.
b.
c.
d.

Disturbance Compensation
Just Compensation
Retention
Right of Redemption

68.Which of the following statement is incorrect?

a. The tenants right of pre-emption may be exercised within 180 days from notice in
writing, which shall be served by the owner on all lessees affected and the DAR
b. The right to retain a maximum of five (5) hectares of agricultural landholding can
be exercised by both natural and juridical persons

c. Presidential Decree No. 27 only covers tenanted rice and corn lands
d. Conversion is needed for properties re-classified prior to June 15, 1988
69.Under R.A. No. 3844, the following are causes for terminating leasehold relation,
EXCEPT:
a.
b.
c.
d.

Voluntary surrender
Abandonment
Death or permanent incapacity of the agricultural lessee (tenant)
Absence of an heir to succeed the agricultural lessee

70.Mr. Santos owns the following landholdings:

- 5 hectares devoted to coconuts with no tenant
- 500 sq. m. in Juna Subdivision
- 2 hectares granted by DAR to be converted to raising of poultry
- 5 hectares actually, directly and exclusively used as fishponds
How many hectares, if any, can be covered under CARP?
a. None
b. 5 hectares
c. 7 hectares
d. 12 hectares
e. 12.0500 hectares
71.What are the two (2) requisites before a Certificate of Land Ownership Award (CLOA)
can be sold?
a. Lapse of 10 years from registration and full payment of amortization
b. Lapse of 5 years from registration and full payment of amortization
c. Full payment of amortization and certification that the property is not subject of a
pending case
d. Certification that the property is not subject of a pending case and lapse of 10
years from registration
72.A tenant is entitled to the following, EXCEPT:
a. Security of tenure
b. Homelot
c. Retention
d. Right of redemption
73.If a landowner wants to convert his 50,000-square-meter agricultural landholding to
residential, where will he file his application for conversion?
a. Land Use Cases Division (LUCD) of the Bureau of Agrarian Legal Assistance (BALA)
formerly Center for Land Use Policy Planning and Implementation (CLUPPI)
b. Special Agrarian Court (SAC)
c. Regional Land Use Cases Committee (RCLUCC) formerly Regional Center for Land
Use Policy Planning and Implementation (RCLUPPI)
d. Department of Agrarian Reform Adjudication Board (DARAB)
74.What is the maximum area that can be awarded to a beneficiary of CARP?
a. 5 hectares
b. 2.5 hectares
c. 3 hectares
d. 7 hectares
75.The application for conversion of Mr. Reyes was granted by DAR, allowing his 3hectare agricultural land to be used as memorial park. However, he developed the
said landholding into a fishpond. By doing so, Mr. Reyes can be held liable for:
a. Illegal conversion
b. Unauthorized conversion
c. Premature conversion

d. All of the above

76.Which of the following landholdings are beyond the scope of CARP?
a. Lands retained by landowners pursuant to PD 27
b. Lands devoted to raising of livestock, swine, and poultry
c. Lands with 18% slope or over and not developed as of June 15, 1988
d. All of the above
77.The owner wants net proceeds of P1,750,000.00 exclusive of capital gains tax,
documentary stamp tax and 5% brokers commission. How much would be the
selling price so that broker can maintain his 5% commission?
a. P2,000,000. 00
b. P1,980,000. 00
c. P1,968,750. 00
d. P1,750,000.00
78.Mr. Reyes sold his property at P5,000,000.00 inclusive of capital gains tax,
documentary stamp tax and broker's commission of 5%. What will be his net
proceeds after deduction of expenses?
a. P3,875,000.00
b. P4,250,000.00
c. P4,375,000.00
d. P4,455,000.00
79.The DST for the Donors tax shall be paid on:
a. After 20th day of the following month from notarization of deed
b. After 10th day of the following month from notarization of deed
c. After 5th day of the following month from notarization of deed
d. None of the above
80.A deduction the maximum of which is P1,000,000 but the amount claimed may be
less than maximum.
a. Family home
b. Vanishing deduction
c. Standard deduction
d. Medical expenses
81.Mr. Almeda, unmarried, left a house and lot to his parents, which he shared with
them while still alive. He acquired the property for P750,000. The property qualifies
as family home.
If at the time of Mr. Almedas death, the property has a fair market value of
P1,500,000, the amount that should properly be included as part of the gross estate
is:
a. P1.5M
b. P750,000
c. P1M
d. P 0
82.From the same problem above, the deduction that may be claimed is:
a. P1.5M
b. P750,000
c. P1M
d. P 0
83.In the sale of principal residence and exemption thereof, the following shall be
exempted to the seller:
a. CGT
b. CGT and DST
c. DST
d. VAT
84.An owner will rent out a residential apartment this 2012 and will be exempted from
VAT provided the monthly rent does not exceed:

a.
b.
c.
d.

P5,000
P10,000
P12,800
P12,000

85.The amount of exempted CGT in the sale of principal residence shall be:
a. Held by the taxpayer until a new residence is bought
b. Deposited in the account of the seller
c. Put in escrow
d. A tax credit for the seller
86.The following does not have a BIR zonal value:
a. Condominium unit
b. Agricultural land
c. Condominium parking space
d. Building improvements
87.The creditable withholding tax rate for a house and lot sold for P1,800,000 by
developer who is habitually engaged is:
a. 0%
b. 1.5%
c. 3%
d. 5%
88.The owner of a house and lot sold the property owned by him and rented out to
foreigners in the business of leasing in the amount of P4,500,000. The rate of tax on
the sale shall be:
a. 1.5%
b. 3%
c. 5%
d. 6%
89.A real estate broker will be earning a total professional fee in the amount of
P2,500,000, inclusive of VAT. How much will be the net amount to be received by
the broker after deducting the withholding tax if the broker had reported his income
would go beyond P720,000 for the year?
a. P2,250,000
b. P2,008,929
c. P1,897,321
d. P2,125,000
90.The DST for deed of real estate mortgage pursuant to the provisions of RA No. 7660
is:
a. P15 for every P1,000 of the mortgage amount
b. P10 for every P1,000 of the mortgage amount
c. P10 for the first P5,000 of the mortgage plus P5 for every P5,000 thereafter
d. P20 for the first P5,000 of the mortgage plus P10 for every P5,000 thereafter
91.Mr. Juan dela Cruz received a down payment of P2,400,000.00 for his property sold
at P3,600,000.00. The balance was secured by REM (real estate mortgage) with the
same property, payable in one (1) year. In order to register the transaction, compute
the documentary stamp tax, as follows: Documentary stamp on mortgage.
a. P2,510
b. P2,410
c. P2,310
d. P2,210

92.Mr. Cruz was the lessor of 25 units of residential apartments with equal rental
payments and made a total annual gross receipts of P2,700,000.00 for the year
2006. How much is the value added tax for the year?
a. P245,454.55
b. P289,285.71
c. P378,000.00
d. None of the above
93.Jake and Rosie sold their house which is their principal residence. You as their broker
have to advice them the transaction is exempt from the capital gains tax if they
spend how many percent of the sales proceeds in acquiring or constructing their
new principal residence?
a. 100%
b. 75%
c. 50%
d. 60%
94.Your friend Gary has just closed the sale of his 930 sq. m. commercial lot in Shaw
Boulevard. The Selling price agreed upon is P25,000 sq. m. You have to advise your
friend who has agreed to pay the capital gains tax and documentary stamps tax
to request for two manager's checks for payment of these taxes. What amounts
would he indicate for the capital gains tax and the documentary stamps tax? The
current BIR zonal valuation of the lot is P30,000 per sq. m.
a. Capital Gains Tax = P1,674,000.00 Documentary Stamps Tax = P418,500.00
b. Capital Gains Tax = P1,395,000.00 Documentary Stamps Tax = P348,750.00
c. Capital Gains Tax = P1,674,000.00 Documentary Stamps Tax = P418,500.00
d. Capital Gains Tax = P1,395,000.00 Documentary Stamps Tax = P418,500.00
95.In case of false or fraudulent estate, donor or capital gains tax BIR form was willfully
made, how much surcharge based on the taxes or deficiency shall be imposed?
a. 20%
b. 30%
c. 25%
d. 50%
96.The study of animals and plants in relation to their habitat is called ___________.
a. autoecology
b. ecology
c. biology
d. synecology
97. Sea anemones contain venom that is used to sting and paralyze their prey. The
clownfish contains an enzyme in their scales that makes them immune to venom. This
allows them to freely live in the sea anemone without being harmed. This is an
example of what type of relationship?
a. Predator-prey
b. Commensalism
c. Mutualism
d. Parasitism
98.These are organisms that cant make their own food and must feed on other organisms.
a. Autotrophs
b. Decomposers

c. Heterotrophs
d. Pathogens
99.Where a population lives.
a. Biomes
b. Habitat
c. Species
d. Niche
100.

The source of all energy is ____________.

a. The Son
b. the sun
c. the supreme being
d. matter

101.

Philippine typhoon that caused the greatest damage in terms of cost is ___________.
a. Yolanda
b. Ondoy
c. Glenda
d. Pablo

102. Philippine typhoon that caused the greatest damage in terms of cost known by its
international name as Haiyan is ___________.
a. Yolanda
b. Ondoy
c. Glenda
d. Pablo
103. Autoecology deals with the study of the individual organisms, its life history,
behavior, characteristics, and its adaptation to the environment is also called
___________.
a. community ecology
b. population ecology
c. ecology
d. synecology
104. Defined as a group of organisms which can interbreed and produce a successful
offspring is :
a. organelles
b. species
c. population
d. community
105. A relationship between two organisms where one is usually harmed and the other
gets benefits from the relationship is called, ___________.
a. predator
b. parasitism
c. mutualism
d. one-way relationship

106.

Type of heterotroph that can eat plants and other animals are called, ___________.
a. predators
b. omnivores
c. parasites
d. autotrophs

107. Transfer of food from the plants (producers) through a series of organisms with
repeated eating and being eaten is commonly called a ___________.
a. food web
b. food chain
c. food transfer
d. food process
108. The 1978 law that establishes an environmental impact statement system including
other environmental management related measures, is ___________.
a. RA 1586
b. PD 1586
c. PA 21
d. PD 21

109. It is the national agenda for sustainable development. It outlines the integrating
strategies for the countrys overall sustainable development and identifies the
intervention areas, is ___________.
a. PA 21
b. PD 21
c. RA 1586
d. PD 1586
110. It refers to a region of Earth's stratosphere that absorbs most of the Sun's ultraviolet
(UV) radiation.
a. Ozone layer
b. Biosphere
c. Atmosphere
d. Ecosphere
111. The population of the Philippines by the end of December 2015 is estimated at :
e. Over 101 million
f. 100 million
g. 95 million
h. None of the above
112. The Philippines is composed of how many regions?
a. 18 regions
b. 17 regions
c. 13 regions plus ARMM, NCR and CAR
d. 3 major regions (Luzon, Visayas and Mindanao)
113. Negros province (composed of Negros Occidental and Negros Oriental) belongs to:
a. Region 6 Western Visayas
b. Region 7 Central Visayas
c. Region 8 Eastern Visayas
d. None of the above
114. The top three highest Philippine mountain ranges in order from highest, 2 nd highest,
3rd highest are:
a. Mt. Apo, Mt. Dulang-Dulang and Mt. Pulag
b. Mt. Apo, Mt. Mayon and Mt. Pulag
c. Mt. Apo, Mt. Pulag and Mt. Mayon
d. Mt. Apo, Mt. Pulag and Mt. Taal
115.

The top three major Philippine lakes in order from largest, 2 nd largest, 3rd largest are:
a.Laguna Lake, Lanao Lake, and Taal Lake
b.Laguna Lake, Lanao Lake, and Lake Mainit
c.Laguna Lake, Lanao Lake, and Lake Lumao
d,Lanao Lake, Laguna Lake, and Taal Lake

116.

The study and practice of making maps is called :

a.Cartography
b.Geomapping

c.GIS
d.Mapeology
117. The Philippine national institution dedicated to provide information on the activities
of volcanoes, earthquakes, and tsunamis is :
a. PHIVOLCS
b.PAGASA
c.PHILVOLCS
d.NDRRMC
118.

Which of the following is not a criteria for Highest and Best Use?
a.Maximum size of improvement
b.Legal permissibility
c.Physical possibility
d.Financial feasibility

119. Market data adjustments are made :

a. To the comparables to make them like the subject appraised
b. To the comparables to make them like the market
c. To the subject to make it like the market
d. To the comparables to make it like the comparables
120. The appraisal process defining the value estimated is included in the :
a. Definition of problem
b. Preliminary analysis and data collection and selection
c. Final Estimate of Value
d. None of the above
121. The date of the value opinion in an Appraisal Report is :
a. The date the appraiser was on the site (i.e. inspection date)
b. The date the appraiser received the order or assignment (i.e. contract signing)
c. The date the report was first submitted to the client (i.e. first draft)
d. The date the final report was submitted (i.e. final accepted report by the client)
122.

Land value can be estimated using the following techniques except?

a.The cost approach
b.The Market and Data Approach
c.The income approach
d.None of the above

123.

Value is a word of many meanings, but the general meaning is?

a.Worth of something to someone for some purpose
b.Any price something is sold for
c.The future worth of something
d.The present worth of future benefits of something for someone

124.

The Cost Approach results in the most accurate appraisal of :

a.A new building
b.Vacant lot

c.An old building

d.A condominium unit

125.

The term Highest and Best Use refers to :

a. The use that results to the greatest net return
b. The greatest value of improvement
c. The use most beneficial to the community
d. The most feasible option

126.
The fact that individual properties, neighborhood and others are constantly
changing is called the principle of?
a. change
b. increasing and diminishing returns
c. supply and demand
d. competition
127.
Jovi Tupaz has his dream house constructed for P6,000,000 in an area where most
newly constructed houses are not as well equipped as his and typically sell for only
P2,000,000. The value of Jovi Tupazs house is likely to be affected by the principle of?
a. Regression
b. Progression
c. competition
d. supply and demand
128.

The elements of value include which of the following?

a. Scarcity
b. Balance
c. Competition
d. Supply and Demand

129.

The term non-homogeneity refers to :

a. Uniqueness
b. Same as the others
c. Indestructibility
d. Immobility

130. The principle that requires both the land and the improvements to be valued for the
same purpose, even if they are being valued separately.
a. Principle of Conformity
b. Principle of Change
c. Principle of Highest and Best Use
d. Principle of Consistent Use
131. In the Appraisal Process, what is the step that comes after Data Collection and
Analyses?
a. Valuation using the three approaches
b. Preliminary Survey and Appraisal Plan
c. Reconciliation of Value
d. None of the above

132. What is the recommended minimum buffer zone against ground rupture from both
sides of the fault trace?
a.10 feet
b.10 meters
c.5 meters
d.15 meters
133. Minimum lot dimensions for a mausoleum are :
a. 6 meters x 5 meters
b. 5 meters x 5 meters
c. 4 meters x 5 meters
d. No implied minimum
134. FAR in zoning means
a. Field Appraisal Report
b. Not near
c. Floor Area Ratio
d. Forecasted Area Ratio
135. An Act providing for a local government code of 1991 is :
a. RA 6559
b. RA 8160
c. RA 7160
d. PD 7160
136. An Act that provides the mechanism for land use inventory, acquisition, disposition
and provision of socialized housing for the underprivileged and homeless.
a. RA 6559
b. RA 7160
c.RA 7279
d.None of the above
137. Type of land use wherein the inherent features or characteristics of land have not
been considerably altered or modified.
a.Conformity
b.Highest and Best Use
c.Reversible
d.None of the above

138.

HLURB stands for

a.Housing Land Use Regulatory Board
b.Housing and Land Use Regulations Board
c.Home and Land Use Regulatory Board
d.None of the above

139. Provides that it is the policy of the state to implement and integrated program of land
use developmental control that aims to foster growth and renewal of urban and rural
communities in an integrative manner that promotes optimum land use, adequate
shelter, and environmental protection all these towards the development of man as a
social being.
a. PD 957
b. EO 72
c. EO 648
d. None of the above
140.

The National Building Code is also known as :

a. PD 957
b. RA 7279
c. PD 1096
d. None of the above

141.

Can a Nursery / Elementary School be placed in an R-1 Zone?

a. Depends on the National Building Code
b. No
c. Yes
d. Both a and b

142. An office manager was paid P1,000 per month plus 1/4 of one percent of all office
sales. In January, she received P2,780. This amount was based on monthly sales of?
a.P556,000
b.P912,000
c.P1,112,000
d.P712,000
143. Minimum lot dimensions for a mausoleum is 4 meters x 5 meters. What is the
minimum area?
a. 24 square meters
b. 30 square meters
c. 20 meters
d. 20 square meters
144. If the FAR in a CBD is 12 and the lot dimensions are 20 meters x 30 meters, what is
the maximum allowable floor area assuming each square meter will be counted?
a. 8,200 square meters
b. 6,200 square meters
c. 5,200 square meters
d. 7,200 square meters

145. The circular rotunda infront of your house is being sold for an astonishingly low price
of only P100 per square meter. The diameter of the rotunda is 10 meters. Its a good
hedge against inflation in the future. Your 60-year old mother will give you the money to
buy the rotunda if you can solve for the approximate selling price in 70seconds. The
property is worth?
a. P10,854
b. I will ask Mom to buy me a car instead.
c. P17,485
d. P7,854
146. A 30 hectare rectangular parcel has 600 meters on the street side. What is the depth
of the parcel?
a.500 square meters
b.50 meters
c.5000 meters
d.500 meters
147. A 30 hectare rectangular parcel measures 495.67 meters on the street side and is
selling for only P20 per square meter. What is the total selling price?
a.P60,000
b.P600,000
c.P6,000,000
d.Information is incomplete
148. In question no. 147 above, the registered owner is giving a 3.5% commission directly
to you as the licensed real estate broker. If you were able to sell the entire parcel on
December 25, 2015 and the Deed of Sale was notarized on December 27, 2015, how
much is your commission?
a. P 101,000
b. P 12,000
c. P 121,000
d. P 21,000
149. In question nos. 147 & 148 above, the registered is obliged to pay the standard
capital gains tax to the BIR district in Davao City. How much is the Capital Gains Tax
payment?
a. P 36,080
b. P 86,000
c. P 33,000
d. P 36,000
150. In question nos. 147, no. 148 and no. 149 above, when is the deadline for submission
of BIR Form 1706 (Final Capital Gains Tax Return) payment?
a. January 27, 2016
b. January 25, 2016
c. January 25, 2015
d. January 26, 2016

151.

In question nos. 147, no. 148 and no. 149 above, where is the property located?
a. Davao
b. There was no mention
c. Cannot be determined
d. Davao City

152. In question no. 144, if the construction cost is pegged at P72,000 per square meter,
how much is the estimated building cost?
a. Cannot be determined
b. P 374,400,000
c. P 446,400,000
d. P 518,400,000
153. The Current Chairperson of the PRC is
a. Florentino C. Doble
b. Angeline Chua Chiaco
c. Yolanda D. Reyes
d. Teresita Mananzala
154.
It refers to a privilege given to a foreign professional who is allowed to practice
his/her profession in the Philippines for a limited period of time.
a. Alien Temporary Permit
b. Special Temporary Permit
c. Temporary Permit
d. Special Travel Permit
155.
The period within which to file an appeal before PRC decisions become final and
executory.
a.
b.
c.
d.

15 days from receipt of judgment

15 days from the date of decision
30 days from receipt of judgment
30 days from the date of decision

156. The Real Estate Service Act of the Philippines is mandated under:
a. R.A. 9646
b. R.A. 9656
c. R.A. 9664
d. R.A. 9636
157. Any violation committed by an unlicensed real estate practitioner under R.A. 9646,
including that of the IRR shall be meted the penalty of a time of not less than:
a. P100,000.00 plus imprisonment of 2 years of both
b. At least P200,000.00 plus imprisonment of 4 years or both
c. P 100,00.00 plus 2 years imprisonment or imprisonment upon the discretion of the
court
d. P 200,00.00 plus 2 years imprisonment or imprisonment upon the discretion of the
court

158. The amount of professional indemnity insurance/cash or surety bond

for all real estate brokers and private real estate appraisers.
a.
b.
c.
d.
e.

P
P
P
P
P

15,000.00
25,000.00
20,000.00
40,000.00
30,000.00

159. The following persons are exempted from the acts constituting the practice of real
estate service except
a. Any receiver, trustee or assignee in bankruptcy or insolvency proceedings;
b. Any person acting pursuant to the order of any court of justice
c. Any person who is a duly constituted attorney-in-fact for purposes of sale,
mortgage, lease or exchange, or other similar contracts of real estate, without
requiring any form of compensation or remuneration;
d. Public Officers in the performance of their official duties and functions
e. Government assessors and appraisers.
160. The government agency authorized under the law to provide comprehensive policy
guidelines for the promotion and development of the real estate industry in relation to the
regulation of the practice of the real estate service profession;
a.
b.
c.
d.
e.

Professional Regulation Commission

Accredited and Integrated Professional Organization
Professional Regulatory Board of Real Estate Service
Philippine Association of Real Estate Brokers
Interim Accredited Professional Organization

161. The real estate service practitioner who shall be entitled to receive or demand a fee,
commission or compensation of any kind from any person for any service rendered or work
done by a salesperson in any real estate transaction.
a.
b.
c.
d.
e.

real
real
real
real
real

estate
estate
estate
estate
estate

dealer
consultant
appraiser
broker
assessor

162. The membership requirement to the AIPO of a real estate practitioner shall be
a.
b.
c.
d.
e.

Upon approval by the AIPO

Upon approval by the PRBRES
Upon approval by the PRC
Automatic and mandatory
Voluntary

163. The following are the elements of a valid contract except

a. consent of the contracting parties
b. specific object
c. subject matter of the contract
d. cause or consideration of the obligations which is established

e.

promise

164. The following are contracts or acts which must appear in a public instrument except
a.
b.
c.
d.
e.

sale of real property or of an interest thereof

promise to marry
the power to administer property
transmission of rights
renunciation of hereditary rights

165. It is a meeting of minds between two persons whereby one binds himself, with respect
to the other, to give something or render some service in return.
a. subject
b. consideration
c. contract
d. agency
e. consent
166.
It is the right of ownership whereby the owner has the right to enjoy, dispose,
exclude others and recover.
a.
b.
c.
d.
e.

The bundle of rights

The bundle of ownership
The power of taxation
The right of eminent domain
The law of ownership

167. An agreement to cover a down payment for the purchase of real as evidence of good
faith of the part of the purchase.
a.contract to sell
b. deed of assignment
c. binder
d. option contract
e. reservation contract
168. A stipulation which authorizes the mortgagee to appropriate the property as his own
upon failure of the debtor to fulfill the principal obligation.
a.
b.
c.
d.
e.

pactum de non aliendo

dacion en pago
pacto de retro sale
pactum commissorium
agreement of sale

169. An addition to land from natural causes as, for example, from gradual action of the
ocean or the river waters.
a.
b.
c.
d.
e.

accretion
avulsion
alluvion
accession
adhesion

170. The right of the government to acquire property for necessary public or quasi-public
use.

a.
b.
c.
d.
e.

eminent domain
police power
escheat
taxation
easement

171. Right of the original owner to reclaim property sold through judicial foreclosure
proceedings by payment of debt, interests, and cost.
a.
b.
c.
d.
e.

redemption
equity of redemption
equity
right of redemption
foreclosure

172. The rights of of a homeowner is governed by the law of

a.
b.
c.
d.
e.

Magna
Magna
Magna
Magna
Magna

Carta
Carta
Carta
Carta
Carta

for
for
for
for
for

Subdivision Owners
Homeowners and Homeowners Association
Subdivision
Homeowners
Homeowners Association

173 It is the government agency which is tasked in the registration of homeowners association
a. Housing Guaranty Corporation
b. Housing and Land Use Regulatory Board
c. Housing and Urban Development Coordinating Council
d. Securities and Exchange Commission
e. National Housing Authority

174. The following are the rights of an association member except

a. To avail of and enjoy all basic community services and the use of common areas and
facilities;
b. To inspect association books and records during office hours
c. To participate, vote and be eligible for any elective or appointive office of the
association
d. To demand and promptly receive deposits required by the association as soon as the
condition for the
deposit has been complied with or the period has expired.
e. To compel the association to participate in civic and charitable activities
175. The maximum amount covered in highly urbanized cities under the Rent Control Law
is
a.
b.
c.
d.
e.

P 5,000.00
P 15,000.00
P 10,000.00
P 20,000.00
P 25,000.00

176. The maximum rate per annum after the moratorium of one year from the effectivity
of the Rent Control Law?

a. 10%
b.
7%
c.
8%
d.
9%
e. 11%
177 . Under RA 10023 the requirement of any Filipino citizen who is an actual occupant of
a residential land may apply for a Free Patent Title in highly urbanized cities in which the
land should not exceed
a.
b.
c.
d.
e.

100 sq.m.
200 sq.m.
300 sq.m.
400 sq.m.
500 sq.m.

178. Under RA 10023 the period of eligibility for titling is

a.
b.
c.
d.
e.

5 years
10 years
15 years
20 years
30 years

179. The law which protects buyers of real estate on installment payments against onerous
and oppressive conditions.
a. Buyer Protection Act
b. Installment Buyer Protection Law
c. Realty Installment Protection Act
d. Realty Protection Act
e. Realty installment Protection Law
180. The following are the types of sale which are not covered by Maceda Law except
a. sale of commercial buildings
b. residential condominium apartments
c. sale of industrial lots
d. sale with mortgage
e. sale of industrial farm lots
181. The REIT grants incentives in order to achieve the following objectives except:

a.
b.
c.
d.
e.

To make large-scale, income-producing real estate investments

To be accessible to ordinary investors
To develop the capital market;
To help finance and develop infrastructure projects; and

To protect the interest of the government

182. The following personnels comprise the Anti-Money Laundering Council except:
a. The Commissioner of the Securities and Exchange Commission
b. The Commissioner of the Bureau of Internal Revenue
c. The Governor of the Banko Sentral ng Pilipinas
d. The Commissioner of the Insurance Commission
183. The development of land for the following purposes: residential,commercial, industrial,
agricultural, institutional or recreational purposes, or any combination of such including,

but not limited to, tourist resorts, reclamation projects, building or housing projects, whether
for individual or condominium ownership, memorial parks and others of similar nature.
a. Real Estate Development
b. Real Estate Development Project
c. Real Estate Project
d. Realty Development Project
184. It refers to all the rights, interests and benefits related to the ownership of real estate.
a. Real Estate
b. Real Property
c. Real Property Development
d. Real Estate Project
185. It measures the value of all goods and services produced within the country regardless
of the nationality of the persons supplying such goods and services.
a. Gross Domestic Product
b. Gross National Product
c. Gross National Income
d. Gross Domestic Income
186. It measures the value of all goods and services produced by a country in a given
year, regardless of whether such goods and services are produced within or outside the
country.
a. Gross Domestic Product
b. Gross National Product
c. Gross National Income
d. Gross Domestic Income
187.. The final transaction between a buyer and seller of real property.
a. Tripping
b. Servicing
c. Closing
d. Following up
188. In real estate, the term is used to identify the efforts used to find or cultivate potential
buyers and sellers of real property.
a. Suspect
b. Prospect
c. Client
d. Buyer or Seller
189. The following are the criteria to find the right prospects except
a. money
b. authority
c. desire to buy
d. consent
190. A good prospect is someone who can open doors for you to other prospects.
a. center of influence
b. center of attraction

c. influential person
d. network of influence
191. Under RESA, Real estate service practitioners shall be required to indicate on the
documents he/she signs, uses or issues in connection with the practice of his/her profession
except
a. The certificate of registration,
b. Professional identification card,
c. Community Tax Certificate(CTC) number
d. Association of Professional Organization (APO) receipt number, and the date of
issuance and the duration of validity
192. It is a calculation that measures the total income generated by an economy.
a. Gross Domestic Product
b. Gross National Product
c. Gross National Income
d. Gross Domestic Income
193. This document will determine to what extent the unit owners are liable with regards
to the tax obligation on the condominium projects land and common areas and the
individual units.
a. Title
b. Realty Tax
c. Tax Declaration
194.
Land which has not had improvements such as buildings and other structures
added to it. Such land is often left in a subdivision by a developer or stipulated by a
local authority for recreational use or for personal use by the owner
a. Open Space
b. Common Usage Area
c. Easement
195.
A legal claim against a property that must be paid off when the property is
sold.
a. Leasehold
b. Liens
c. Liabilities
196.
An impediment to the use or transfer of the property in the form of an interest
or right in the property.
a. Encumbrance
b. Liens
c. Liabilities
197.
A drawing or map showing the precise legal boundaries of a property, the
location of improvements, easements, rights of way, encroachments, and other
physical features.
a. Zoning
b. Survey
c. Title
198.
This is the evidence or proof of ones ownership of the condominium unit
(compared to the transfer certificate of title for land ownership)
a. Condominiun Certificate Title
b. Transfer Certificate Title
c. Tax Declaration
199.
How much is the required OPEN SPACE in residential subdivisions ?
a. 25 %
b. 15%
c. 30 %

200.
Is the act of securing a certified true copy of the title and tax declaration to
support a buyers decision in buying a property and investing a huge amount of
money.
a. Tax Mapping
b. Title Verification
c. Zoning
201.
It is a process in a real estate transaction, wherein the buyer should know all
information, details and status of a property before consummation of a sale.
a. Due Diligence
b. Zoning
c. Title Verification
202.
Local authority guidelines for the permitted use of land.
a. Surveying
b. Zoning
c. Tax Mapping
203.
A written contract between an owner and a real estate, authorizing the agent
to perform services for the principal involving the owners property. The property so
listed.
a. Contract to Sell
b. Listing
c. Acknowledgement Receipt
204.
A person qualified by education, training, and experience to estimate the value
of real property and personal property.
a. Appraiser
b. Sales Agent
c. Broker
205.
A proportion (usually a percentage) of the sale price of a property paid to a real
estate agent for negotiating a real estate transaction.
a. Income
b. Commission
c. Withholding Tax
206.
A legal document evidencing a persons right to or ownership of a property.
a. Deed
b. Contact
c. Title
207.
What is the tax imposed on all forms of real property (land, building,
improvements, and machinery)?
a. Capital Gains Tax
b. Real Estate Tax
c. Documentary Stamp Tax
208.
This service help clients to retrieve their titles or documents of ownership,
including their history and current status
a. Title Research
b. Transfer of Title
c. Title Verification
209.
It is a tax on the right of the deceased person to transmit his/her estate to
his/her lawful heirs and beneficiaries at the time of death and on certain transfers,
which are made by law as equivalent to testamentary disposition.
a. Capital Gains Tax
b. Estate Tax
c. Documentary Stamp Tax
210.
A certification issued by the BIR attesting that the transfer or conveyance of
land, buildings, improvement or shares of stock arising from sale, barter or exchange
had been reported to the BIR and that taxes due thereon have been fully paid.
a. Tax Declaration

b. Tax Clearance
c. Certificate Authorizing Registration ( Car )
211.
It is a form of consumption tax. From the perspective of the buyer, it is a tax
on the purchase price. From that of the seller, it is a tax only on the value added to a
product, material or service.
a. VALUE ADDED TAX ( VAT )
b. Capital Gains Tax
c. Documentary Stamp Tax
212.

The most common way by which estates are settled by the heirs.
a. Transfer of Title
b. Extra Judicial Settlement
c. Conversion

213. What is the applicable tax rate of Capital Gains Tax under the National Internal
Revenue Code of 1997 for Real Properties ?
a. 12%
b. 10%
c. 6%
214.
A process to officially put in writing and of record any information or
evidence, desires and agreed terms and conditions of contracting party or parties,
and other texts , messages, annotations, photographs, etc.
a. Documentation
b. Transfer of Title
c. Surveying
215.
It is a tax imposed on tax on the sale, donation, barter, or any other mode of
transferring ownership or title of real property at the maximum rate of 50% of 1%
(75% of 1% in the case of cities and municipalities within Metro Manila) of the total
consideration involved in the acquisition of the property or of the fair market value in
case the monetary consideration involved in the transfer is not substantial, whichever
is higher.
a. Documentary Stamp Tax
b. Transfer Tax
c. Capital Gains Tax
216.
It is a tax on documents, instruments, loan agreements and papers
evidencing the acceptance, assignment, sale or transfer of an obligation, right or
property incident thereto.
a. Documentary Stamp Tax
b. Transfer tax
c. Capital Gains Tax
217.
It is a legal document that clearly indicates the location of all improvements
relative to a property's boundaries. It generally contains an illustration of the physical
features of the property and a written report detailing the surveyor's opinions and
concerns.
a. Digital Mapping
b. Survey Report
c. Deed of sale
218.
The SM Group will continue to build ________________ around its shopping
malls. This would include apartments , offices and hotels to maximize the value of its
property holdings .
a. Subdivision
b. Township
c. Micro Cities

219. It is a national government agency tasked as the planning, regulatory and quasijudicial body for land use development and real estate and housing regulation. These roles
are done via a triad of strategies namely, policy development, planning and regulation.
a. HOUSING AND LAND REGULATORY BOARD ( HLURB )
b. Pag-IBIG Home Mutual development Fund
c. Department of Trade & Industry
220. Who is the Chief Executive Officer of Pag-IBIG Home Mutual Development Fund ?
a. Atty. Antonio M Bernardo
b. Atty. Darlene Marie B. Berberabe
c. Hon. Chito M. Cruz
221. RESA LAW is an act regulating the practice of real estate service in the Philippines,
creating for the purpose a Professional Regulatory Board of Real Estate Service
appropriating funds therefor and for other purposes.What is the Republic Act number of this
law ?
a. Presidential Decree 442
b. Republic Act 9262
c. Republic Act 9646
222. Who is the Chairman of HLURB ?
a. Atty. Antonio M Bernardo
b. Atty. Darlene marie b. Berberabe
c. Hon. Chito M. Cruz
223. It is the Queen City of the south which is forecasted as the next best haven for
property investment in Visayas according to Philippine Star ?
a. Iloilo
b. Cebu
c. Davao
224.. It is one of the two major fault segments of the Valley Fault System which runs
through the cities of Marikina, Pasig and Muntinlupa and moves in a dominantly dextral
strike-slip motion.
a. East valley Fault
b. West Valley Fault
c. Ring of Fire
225. Who is the Chief Executive Officer of HLURB ?
a. Atty. Antonio M Bernardo
b. Atty. Darlene Marie B. Berberabe
c. Hon. Chito M. Cruz
226. What is the Condominium Act of the Philippines ?
a. Presidential Decree 442
b. Republic Act 4726
c. Republic Act 9646

227. It is an interest in real property consisting of separate interest in a unit in a residential,

industrial or commercial building and an undivided interest in common, directly or indirectly,
in the land on which it is located and in other common areas of the building.
a. Subdivision
b. Townhouse
c. Condominium