FINAL REVIEWER 400 ITEMS

c. Gain an introduction to the exclusive broker and offer his services as co-broker

A broker finds out that another broker who has an exclusive listing has not been successful in selling a property for nearly a year. He recently met the Owner's relative and may - a. Approach the Owner and offer his services b. Do not offer his services because it is listed by another broker exclusively c. Gain an introduction to the exclusive broker and offer his services as co-broker d. Do nothing and look for another listing.

b. Post the sign but subject to prior approval of the owner and other brokers who also have a sign

A broker plans to post a sign giving notice that the property is for sale. He should - a. Post the sign without need for any approvals b. Post the sign but subject to prior approval of the owner and other brokers who also have a sign c. Not post any signage at all d. Post a shared sign with the other broker who is also authorized to sell the property.

c. Show the Client all the offers.

A broker receives several offers to buy for one of the properties in his list. He should - a. Show the Client only the highest offer. b. Show the Client the offer made by a prospective buyer who is his distant relative. c. Show the Client all the offers. d. Show other offerors the highest offer so they can top the price.

c. A strategy to pre-empt many other brokers from applying for accreditation with the owner.

A broker who holds a non-exclusive authority to sell writes letters to several real estate organizations offering all their members an extension listing, then informing his client that he has extended his listing to several real estate associations. His action can be interpreted as - a. A sign of his generosity because he is offering an extension of his listing to large groups. b. A sign of his desire to please his Client and expedite the sale. c. A strategy to pre-empt many other brokers from applying for accreditation with the owner. d. All of the above.

c. Testify only as to the facts in an unbiased and honest manner

A dispute has arisen between a broker's Client and one of the prospective buyers who put in an earnest money but did not proceed with the sale and is requesting a refund. Both parties are in court. The broker shall - a. Testify in favor of his Client b. Testify in favor of the Buyer c. Testify only as to the facts in an unbiased and honest manner d. Refuse to participate in the court proceedings.

c. Certificate of Land Ownership

A form of property ownership document issued by the Department of Agrarian Reform - a. Homestead patent b. Transfer Certificate of Title c. Certificate of Land Ownership d. Warranty Deed

b. He must begin to cultivate the land within 6 months

A homestead is a piece of property awarded to a beneficiary under the following rule - a. He must build a home within five years of award b. He must begin to cultivate the land within 6 months c. He must finish building a farm on the property within one year d. He need not reside in the property

a. 10 years

A person can apply for ownership of alienable agricultural land if he has continuously occupied the same in good faith and there are no other claimants/applicants for -- a. 10 years b. 15 years c. 20 years d. 30 years

a. January 17, 1973

A person who was born before __________ of Filipino mother, foreign father, can become a citizen of the Philippines at the age of majority - a. January 17, 1973 b. August 3, 1988 c. August 17, 1947 d. June 12, 1946

b. A property inherited by any of the spouses

A property acquired by gratuitous title means - a. A property purchased by only one of the spouses b. A property inherited by any of the spouses c. A property purchased using the money of both spouses d. A property won in a lottery

c. Can be substituted for another good or item.

A property that is fungible means that it is a good or commodity which -- a. Can be transferred from one place to another; b. Can easily deteriorate ; c. Can be substituted for another good or item. d. Is liquid or easily sold .

b. Also asks for a commission from the buyer

A real estate broker who has an authority to sell from the seller may be guilty of unethical conduct if he - a. Pays a commission to another broker who referred the buyer b. Also asks for a commission from the buyer c. Pays a fee to a facilitator who helps process the transfer of the property d. None of the above are unethical

c. Rebate part of his commission to the Buyer's wife without his knowledge

A real estate broker who just closed the sale for his Client may agree to do the following, except - a. Prepare the deed of sale b. Process the documents needed to transfer the title for an extra facilitation fee c. Rebate part of his commission to the Buyer's wife without his knowledge d. Assist the Buyer to negotiate a mortgage with a banking institution.

b. Refrain from selling the project until its LTS has been approved.

A real estate broker's application for accreditation to sell a developer's project was approved only to find out that the project does not yet have a license to sell. The broker should - a. Immediately resign his accreditation. b. Refrain from selling the project until its LTS has been approved. c. Report the developer to the HLURB. d. Do nothing.

b. Protect the interest of the public

A real estate practitioner has the obligation to inform government about deceptive, unfair and unconscionable acts of other unscrupulous practitioners as part of his duty to - a. Abide by the rules of conduct in relation to government b. Protect the interest of the public c. Protect and promote the interest of his clients d. Abide by the rules of conduct ion relation to fellow practitioners.

c. Ask the salesman to seek permission from his principal.

A salesman who is accredited by a fellow broker wishes to help you sell your listings on a referral fee basis. As a professional broker, you should - a. Refuse to deal with the salesman of another broker. b. Immediately report the said salesman to his principal. c. Ask the salesman to seek permission from his principal. d. Offer to hire the salesman.

d. All of the above actions are alright.

A seller's broker receives several offers for a property, none of them equal to or higher than the Seller's asking price. He should - a. Start negotiating with the Owner to reduce the price. b. Show the Owner all the offers for his decision. c. Start negotiating with the highest offeror to increase his price. d. All of the above actions are alright.

b. Selling price of the property

A written instrument used to transfer title must have the following, except - a. Grantor and grantee b. Selling price of the property c. Words of conveyance d. Signature of Grantor and Notarization

d. P 20,000.

All real estate brokers and private real estate appraisers are required to post a professional indemnity insurance/cash or surety bond, renewable every 3 years, in an amount which in no case shall be less than - a. P 50,000. b. P 40,000. c. P 25,000. d. P 20,000.

b. Appraiser

Also known as a -- "valuer", refers to a person licensed to conduct valuation: a. Assessor b. Appraiser c. Estimator d. Value consultant

a. P.D. 1529.

Also known as the Property Registration Decree which updated Act 496. a. P.D. 1529. b. R.A. 6732 . c. R.A. 8974. d. P.D. 892.

b. Freehold

An absolute, unrestricted estate in perpetuity to property is called - a. Estate for years b. Freehold c. Tenancy d. None of the above

b. Two

At least _____ members of the PRB-RES shall represent government assessors and appraisers: a. Three b. Two c. One d. None

c. Conjugal partnership of gains

Co-ownership by both spouses of all properties of the spouses acquired during the marriage only, except for exclusive properties, constitutes a property relationship known as - a. Absolute community b. Absolute separation c. Conjugal partnership of gains d. None of the above

a. Absolute community

Co-ownership by both spouses of properties acquired before and during the marriage, except for exclusive properties, constitutes a property relationship known as - a. Absolute community b. Absolute separation c. Conjugal partnership of gains d. None of the above

d. 30 years

Extraordinary adverse possession or prescription in bad faith means that a person can apply for ownership of alienable agricultural land if he has continuously occupied the same for -- a. 10 years b. 15 years c. 20 years d. 30 years

d. 12 hectares

Filipino citizens may acquire up to ______ of land that is alienable public domain - a. A. 500 hectares; b. 1000 hectares; c. 10 hectares; d. 12 hectares

d, Five (5)

For every hour of lecture, a resource speaker or lecturer can earn the following number of CPD units - a. One (1) b. Three (3) c. Four (4) d, Five (5)

b. 20

For partnerships or corporations engaged in selling real estate, there shall at least be one (1) licensed real estate broker for every _____ accredited salespersons. a. 25 b. 20 c. 15 d. 10 e. 5

c. 2 years

For real estate salespersons, no examination shall be given, but they shall be accredited by the Board provided they have completed at least _____ years of college : a. 4 years b. 3 years c. 2 years d. one year e. No need

b. B.P. 185

Former natural-born Filipinos can acquire land for residential purposes, up to 1,000 sq. meters urban areas or 1 hectare in rural areas, under - a. R.A. 7042 b. B.P. 185 c. R.A. 10023 d. R.A. 9225

a. R.A. 7042

Former natural-born Filipinos can also acquire land for business purposes, up to 5,000 sqm in urban areas or 3 hectares in rural areas, under - a. R.A. 7042 b. B.P. 185 c. R.A. 10023 d. R.A. 9225

d. R.A. 9225

Former natural-born Filipinos can regain their citizenship and be able to own land without limit, under - a. R.A. 7042 b. B.P. 185 c. R.A. 10023 d. R.A. 9225

b. Accredited Integrated Professional Organization

In accordance with RESA Law, a Code of Ethics shall be prepared by the ____________ and adopted for observance by all real estate service practitioners. a. All existing real estate service associations b. Accredited Integrated Professional Organization c. Professional Regulation Commission d. Professional Regulatory Board for Real Estate Service

c. The husband's decision shall prevail

In case of a disagreement as to the administration of a co-owned property - a. Both spouses must consult a court of law. b. The entire family, including the children, shall decide. c. The husband's decision shall prevail d. The wife has the final decision.

c. Refer the problem to an Arbiter.

In case there is a controversy between two brokers regarding the sharing of commission, they shall - a. Allow the Seller and the Buyer to decide the sharing percentage. b. File a case in court to resolve the issue. c. Refer the problem to an Arbiter. d. Refer the matter to their respective lawyer.

c. Establish the system for taxation of land .

In the Commonwealth era, C.A. 141 became the new Public Land Act and provided for the following, except - a. Allowed both judicial and administrative proceedings for land titling b. Re-affirmed land distribution through patents c. Establish the system for taxation of land . d. Allowed patents to be brought into the Torrens system

b. Co-owned by both spouses

Jewelry bought and accumulated by a wife is considered a. Her personal property. b. Co-owned by both spouses c. Owned by the entire family d. None of the above.

d. Farms owned by Filipino citizens

Land that is classified as "public domain" includes the following land not privately owned, except - a. Agricultural land b. Forest c. Mineral land d. Farms owned by Filipino citizens

b. Properties owned by the State or any of its instrumentalities in a private capacity

Patrimonial properties of the State are - a. Properties considered as public dominion b. Properties owned by the State or any of its instrumentalities in a private capacity c. Properties expropriated by the State from the private sector to be used for roads d. Properties belonging to individuals working in the government

d. National Code of Ethics for Realty Service by DTI, 1993

Prior to the final approval of the new Code of Ethics under RESA Law, the following has been considered applicable -- a. No code of ethics b. The Code of Ethics of each realty association c. The Golden Rule d. National Code of Ethics for Realty Service by DTI, 1993

a. 1,024 hectares.

Private corporations are entitled to own private lands not in excess of ______ hectares if 60% of the capital is owned by Filipinos entitled to acquire and own private land - a. 1,024 hectares. b. 12 hectares . c. 2000 hectares . d. 50 hectares .

c. 2000 hectares .

Private corporations whose capital is 60% Filipino may lease up to ______ hectares of land: a. 1,024 hectares. b. 12 hectares. c. 2000 hectares . d. 50 hectares.

d. Properties of the State that can be sold to the private sector

Properties of public dominion are the following, except - a. Properties of the State intended for public use by anybody; b. Properties of the State reserved for the development of national wealth like natural resources c. Properties of the State to be used for public service d. Properties of the State that can be sold to the private sector

b. To bring to court an action involving a question of ownership or rights to a property

Quieting of Title means - a. To ban the Owner from obtaining a copy of the property's title b. To bring to court an action involving a question of ownership or rights to a property c. To cancel the title of the property d. To apply for a new title to replace that which was lost

b. Maximum 200 sqm highly urban, 500 in other cities, 750 sqm in first-second class municipalities,

R.A. 10023 enacted in 2010, provides for A FREE patent for residential land with the following limitations - a. Maximum of 1,000 sqm urban land or 1 hectare rural land b. Maximum 200 sqm highly urban, 500 in other cities, 750 sqm in first-second class municipalities, c. 1,000 sqm in other municipalities. d. Maximum of 3 hectares e. Maximum of 12 hectares

d. All of the above

Real property includes the following types of property: a. Land b. Buildings c. Franchises and patents d. All of the above

a. Treat others as you like them to treat you

The "Golden Rule" is a universal guide which means -- a. Treat others as you like them to treat you b. An eye for an eye c. Do unto others as they do unto you d. Treat others as if they are your family e. To be fair to all

c .Three (3)

The CPD Council for Real Estate Service is composed of ____ members. a. Five (5) b .Four (4). c .Three (3) d. Two (2).

d. July 2010.

The IRR of R.A. 9646 was enacted in - a. June 2009. b. July 2009 . c. June 2010 . d. July 2010.

d. Guaranteeing that there will be no fake titles

The Land Computerization Project of the LRA will not allow the following -- a. Query on land titles from any RD office nationwide b. Conversion of paper documents into digital files c. Speeding up the process of generating and issuing digital copies of titles d. Guaranteeing that there will be no fake titles

d. DENR

The Land Management Bureau is under the jurisdiction of the - a. DENR b. DAR c. DPWH d. DOJ

d. RA 9904

The Magna Carta for Homeowners and Homeowners Associations - a. RA 6552 b. RA 9225 c. RA 8974 d. RA 9904

a. R.A. 8981

The PRC Modernization Act - a. R.A. 8981 b. R.A. 8974 c. R.A. 8532 d. R.A.8435

c. Schedule of the 2014 board examinations

The PRC released Resolution 2013-774 effective August 10, 2013 which pertains to - a. Revised fees for renewal of licenses b. List of newly-passed appraisers c. Schedule of the 2014 board examinations d. CPD Guidelines

d. CPD Guidelines

The PRC released Resolution 2013-774 effective August 10, 2013 which pertains to - a. Revised fees for renewal of licenses b. List of newly-passed appraisers c. Schedule of the 2014 board examinations d. CPD Guidelines

b. Australia

The Philippine's titling system is based on the Torren's system developed by a person from - a. Spanish colonial government b. Australia c. American government d. Commonwealth government

c. 4 members

The Professional Regulatory Board of Real Estate Service is composed of a chairperson and - a. 6 members b. 5 members c. 4 members d. 3 members

d. His family, relatives and close friends

The Rules of Conduct and Practice in the Realty Code of Ethics defines the practitioner's relations to the following, except -- a. Government and the public b. His organization and the national association to which it belongs c. Clients/Customers and fellow practitioners d. His family, relatives and close friends

a. Escheat

The State's power to own a property left by a person who died without an heir or a will is - a. Escheat b. Eminent domain c. State inheritance d. Confiscation

c. Eminent domain

The State's power to take away private property for public use upon just compensation - a. Taxation b. Escheat c. Eminent domain d. Zoning

d. R.A. 8424.

The basic law governing national taxation. a. 1987 Constitution. b. E.O. 209 Family Code. c. R.A. 386, Civil Code. d. R.A. 8424.

c. R.A. 386, Civil Code

The basic law governing persons, properties, obligations and contracts. a. 1987 Constitution. b. E.O. 209 Family Code. c. R.A. 386, Civil Code d. R.A. 8424.

b. E.O. 209 Family Code

The basic law governing relationships between spouses. a. 1987 Constitution. b. E.O. 209 Family Code . c. R.A. 386, Civil Code. d. R.A. 8424.

c. Register of Deeds.

The field offices of the Land Registration Authority is known as -- a. Civil register b. Land registration commission c. Register of Deeds. d. General Land Registration Office

a. 0% of the treasure if he is not a trespasser

The finder of hidden treasure in a property not belonging to him is entitled to - a. 0% of the treasure if he is not a trespasser b. All of the treasure c. 25% of the treasure if he is a trespasser d. None of the treasure

c. Read a new book on real estate service

The following activities are entitled to CPD credit units as part of "self-directed learning" , EXCEPT - a. Real estate training module on the internet b. Research paper on real estate industry c. Read a new book on real estate service d. Relevant short-term post-graduate course

c. Real estate lenders

The following are considered real estate service practitioners, except: a. Real estate consultant b. Real estate appraiser c. Real estate lenders d. Real estate assessor e. Real estate broker

e. Experience of at least 2 years in any occupation involving real estate service;

The following are the current basic qualifications to be admitted to the licensure examination for real estate broker, except for -- a. A citizen of the Philippines; b. A holder of a relevant bachelor's degree from a state university or college, or other educational c. Institution duly recognized by the CHED: d. Of good moral character, and must not have been convicted of any crime involving moral turpitude: e. Experience of at least 2 years in any occupation involving real estate service;

b. Register and incorporate a corporation with SEC or a business name with DTI

The following are the rules of conduct in relation to the government, except - a. Secure all needed permits and licenses before practicing b. Register and incorporate a corporation with SEC or a business name with DTI c. Assist government in zonification and conservation of real estate d. Do not abet, tolerate or participate in tax evasion

c. Ownership of a franchise contract

The following is considered intangible property - a. Ownership of the air rights above land b. Ownership of the building on the land c. Ownership of a franchise contract d. Ownership of the fruits of the trees on the land

c. The property can be sold by the State

The following is not a characteristic of a property considered as public dominion - a. The property is outside the commerce of man, cannot be leased, donated or sold; b. The property can not be registered under the LRA c. The property can be sold by the State d. The property can not be acquired by prescription.

d. Affidavit of ownership

The following is not considered a "muniment" of ownership - a. Transfer certificate of title b. Tax declaration. c. Realty tax payment receipt d. Affidavit of ownership

d. Agricultural lands

The following lands of the public domain may acquired by private citizens a. Forest lands b. Mineral lands c. Old national parks d. Agricultural lands

d. Inheritance through a will of the decedent

The following modes of acquiring title are considered involuntary, except - a. Expropriation b. Foreclosure c. Execution by Sheriff to satisfy judgment d. Inheritance through a will of the decedent

a. Land Management Bureau.

The government agency in charge of administering, surveying and disposing "Alienable and Disposable (A&D) lands -- a. Land Management Bureau. b. National Housing Authority c. Land Registration Authority d. Housing & Land Use Regulatory Board

c. R.A. 7042

The law allowing former Filipinos to acquire land for business purposes. a. 1987 Constitution. b. R.A. 9225. c. R.A. 7042 d. B.P. 185.

d. RA 6809

The law allowing former Filipinos to acquire land for residential purposes. a. 1987 Constitution. b. R.A. 9225. c. R.A. 7042 amended by RA 8179. d. B.P. 185

b. R.A. 9225 .

The law allowing former natural-born Filipinos to re-acquire citizenship a. 1987 Constitution. b. R.A. 9225 . c. R.A. 7042. d. R.A. 6809.

b. Act 496 .

The law that established the Torrens system in the Philippines. a. Act 926. b. Act 496 . c. Act 2259. d. C.A. 141.

a. RA 7652

The law which allows alien investors to lease land for 50 years, renewable another 25 years - a. RA 7652 b. PD 471 c. RA 7042 d. RA 8179

b. PD 471

The law which allows aliens to lease land for 25 years, renewable another 25 years - a. RA 6552 b. PD 471 c. RA 7042 d. RA 8179

b. RA 6732

The law which prescribed the rules for administrative reconstitution of lost titles - a. PD 1529 b. RA 6732 c. RA 8974 d. PD 892

d. RA 6809

The law which reduced the age of majority to 18 years old - a. 1987 Constitution b. RA 9225 c. RA 7042 d. RA 6809

a. Offering free consultancy services to the public

The real estate practitioner's duty to the public does not include - a. Offering free consultancy services to the public b. Ensuring the highest and best use of land. c. Not introducing in a neighborhood a use of property which will impair its value d. Presenting a true picture of property he advertises

c. Instead, offer the relative a share of your commission subject to prior disclosure to the Buyer.

The relative of a prospective Buyer was the one who referred the Buyer and is asking you as a broker to over-price the property offered. Your response shall be - a. Refuse it outright at the risk of losing the sale. b. Report the relative's request of over-pricing to the Buyer. c. Instead, offer the relative a share of your commission subject to prior disclosure to the Buyer. d. Cancel the transaction.

b. 45 CPD units

The requirement for renewal of licenses of real estate practitioners once every 3 years is - a. 30 CPD units b. 45 CPD units c. 60 CPD units d. 12 CPD units

b. Bundle of rights

The right to possess, use, enjoy the fruits, dispose, recover, and exclude others from property is generally called - a. Civil rights b. Bundle of rights c. Constitutional rights d. None of the above

c. 3 years

The term of office of the chairperson and the members of the PRB-RES is - a. 7 years b.5 years c. 3 years d. Up to the president of the Phil.

a. Free patents

The title or property ownership granted by the DENR is known as the - a. Free patents b. Confirmation of Title c. Certificate of Land Ownership d. Transfer Certificate of Title

b. Co-owned by both spouses

The winnings of one of the spouses from gambling shall become - a. The spouse's own personal exclusive property b. Co-owned by both spouses c. The property of the entire family d. Assets at the sole disposal of the lucky spouse

d. Approval of the government

To be valid, a contract to sell or buy property must have the following, except - a. Consent of the contracting parties b. Cause or consideration c. An object certain d. Approval of the government

a. Civil fruit

Under the Civil Code, rental income from a building is considered a - a. Civil fruit b. Industrial fruit c. Natural fruit of property d. Commercial revenue

c. Fertilizer actually used on a piece of land;

Under the Civil Code, the following are deemed personal property, except - a. In general, all things which can be transported from place to place; b. Obligations and actions which have for their object movables or demandable sums; c. Fertilizer actually used on a piece of land; d. Shares of stock of agricultural, commercial and industrial entities, although they may have real estate.

c. Taxes

Voluntary restrictions on property ownership includes the following, except - a. Lease contracts b. Easements c. Taxes d. Usufruct

d. All of the above

What aspects of real estate property are included in the assessment made by an assessor? a. Land b. Improvements c. Plant, equipment and machinery d. All of the above

c. Be exchanged for other public lands

When a river opens a new bed by its natural flow in private land, the new bed shall - a. Be acquired by the government from the private land owner; b. Become a public dominion c. Be exchanged for other public lands d. None of the above.

e. None of the above.

Which of the following acts requires licensure in real estate service as a broker -- a. A person selling his own property, except real estate developers; b. A receiver, trustee or assignee in bankruptcy or insolvency proceedings; c. A person acting pursuant to the order of any court of justice; d. A person acting as attorney-in-fact to sell a property without any compensation or remuneration; e. None of the above.

d. An officer or trustee of the accredited integrated organization for real estate service;

Which of the following is not a required qualification of the Chairperson and Members of the PRB-RES? a. A citizen and resident of the Philippines; b. A holder of a bachelor's degree related to real estate; c. Licensed practitioner of real estate service for at least 10 years prior to appointment; d. An officer or trustee of the accredited integrated organization for real estate service; e. Of good moral character, and must not have been convicted by final judgment;

a. Mayor's permit with the LGU

Which of the following is not needed by the real estate service practitioner before practicing - a. Mayor's permit with the LGU b. Professional tax receipt from the LGU c. BIR Certificate of registration d. Professional I.D. and license from the PRC