The following are determinants of value in appraisals of realty

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Question	Answer
A building is depreciated at 2.5% per annum using the age life method. What is the estimated useful life of the building?	40 years
A person who determines the land value	Real Estate Appraiser
Real Estate Appraiser	A person who determines the land value
Using the 4-3-2-1 rule (depth rule) a 5 hectare belonging to different owners was sold for ₱ 10 000 000. What is the share of lot owners owning the first quarter abutting the road?	₱ 4 000 000
The following are determinants of value in appraisals of realty	except: A) contribution B) demand C) purchasing value D) scarcity E) utility
The principle of value which states that the value of a property tends to be enhanced when there is reasonable homogeneity in use	Principle of Conformity
An appraisal technique in which comparative estimates are made between prices paid in actual transactions and the current listings	Market Data Approach
Income approach for an appraisal would be most widely used: A) on a newly opened subdivision B) on commercial and investment property rented by tenants C) on property heavily mortgaged D) on property heavily insured E) none of the above	B) on commercial and investment property rented by tenants
The income approach to value is an application of the principle of	Anticipation
This principle holds that when two or more commodities with substantially the same utility are available the one with the lowest price receives the greatest demands and widest distribution	Principle of Competition
In the computation of depreciation of real properties the method that is widely used by practitioners is the	Age-Life Method Straight Line of Depreciation
An appraisal principle which holds that the value of property tends to be enhanced by association with superior properties	Principle of Progression
Several houses valued at ₱1000000 and ₱2 000 000 were built in an area where an existing house valued at ₱3 000 000 is located. As a result the value of the latter decreased. The real estate principle of value that applies to this situation is called the_	Principle of Regression
Invstr s intnding 2 buy a prprty wch hs anual incme f ₱3600000. N hs mrket stdy he fnd out dt a comparble prprty w/ anual gros incme f ₱2500000 ws rcntly sold 4 ₱17800000. Indcted by d comprble prprty @hw mch shld d invstr buy d subj prprty?	₱25 632 000 (Based on Gross Income Multiplier)
Thee of the following factors create value in real estate. Which one does not create value? A) demand B) utility C) infiltration D) scarcity	C) Infilltration
Which of the following is never considered as a factor in the valuation of a house and lot? A) modification in zoning regulations B) topography of the lot C) conviction of the previous owner on charges of moral turpitude D) functional obsolescence	C) Conviction of the previous owner on charges of moral turpitude
The selling price of a real estate is usually based on its: A) speculative value B) exchange value C) intrinsic value D) market value E) none of the above	B) Exchange Value
The increase in value of real estate without any expense of the owner is	Unearned Increment
Refers to that use which will yield the maximum return at a given time	Highest and Best Use
To be considered comparable to the subject property a comparable property must have been sold: A) with a conventional mortgage B) for all cash C) without any form of secondary financing D) for credit E) in an arm's length transaction	E) in an Arm's Length Transaction
Added value inherent on a lot bounded by two streets: A) cooperate interest B) plottage value C) social value D) joint venture E) corner influence	E) Corner Influence
The difference between the contract price and the loanable amount is	Buyer's Equity
Refers to the use an object is put to the services it renders and wants it satisfies	Utility
Which f the ff is nt essential n d determination f Fair Market Value? A.knowledge n prudent seller & buyer B.reasonable exposure of the property n d open market C.assessed value indicated n d Tax Declaration D.Willing buyer and willing seller	C) Assessed Value indicated in the Tax Declaration
Method of finding land value in which all improvement costs (less depreciation) are deducted from sales price	Abstraction or Extraction
The number of years elapsed since the original structure was built	Actual Age or historical age or Chronological Age
A method of computing accrued depreciation in which the cost of a building is depreciated at a fixed annual percentage rate	Age-life method or straight line method
An estimate of quantity quality or value	Appraisal
The process through which conclusions of property value are obtained	Appraisal
The report setting forth the process of estimating value	Appraisal
Approaches used in the appraisal of property	Cost Approach Income Approach and Market Data Approach
An appraiser's written opinion to a client of the value south for the subject property as of the date of appraisal giving all details of the appraisal process	Appraiser's Report
A trans. n wch both buyer n seller act willingly n under no pressure w/ knwledge f d prsent conditions n future potential of d prprty n in wch d prprty hs bn offered on d open market 4 a reasonable length f time n there r no unusual circumstances	at Arm's Length Transaction
Loss of value from forces outside the building or property such as changes in optimum land use legislative enactments that restrict or impair property rights and changes in supply-demand relationships	Economic obsolescence external obsolescence
A building wall or fence that extends beyond the land of the owner and illegally intrudes on land of an adjoining owner or a street or an alley	Encroachment
The age of a building based on the actual wear and tear and maintenance or lack of it that the building has received	Effective Age
The period of time during which a structure may reasonably by expected to perform the function for which it was designed or intended	Economic Life
For appraisal purposes loss in value due to any cause including physical deterioration functional obsolescence and external obsolescence	Depreciation
Kinds of depreciation in appraisal :	deterioration functional obsolescence and economic obsolescence
A statistical study f human populations especially in reference 2 size density and population. Information therein s f particular importance 2 people involved in market analyses n highest n best use analyses in determining potential land uses f sites	Demography
Prvsns n a deed lmtin d ftre uses f d prprty. Ds my tk any frm: Dy my lmt d dnsty f bldgs. dctte d typ f strctrs dt cn b erctd n prvnt bldgs. frm bein usd 4 spec. prpses or usd @ al. Ds may impse a myriad f lmittns n cnditns afctin d prprty rgts apraisd.	Deed Restrictions
The principle that buildings should be similar in design construction and age to other buildings in the neighborhood to enhance appeal and value	Principle of Conformity
The principle that a successful business attracts other such businesses which may dilute profits	Principle of Competition
Properties that are substantially equivalent to the subject property	Comparables
The principle that no physical or economic condition ever remains constant	Principle of Change
Defects in a building or structure that detract from its value or marketability usually the result of layout design or other features that are less desirable than features designed for the same functions in newer property	Functional Obsolescence
A lease of land only on which the lesee usually owns the building or is required to build as specified by the lease. Such leases are usually long-term net leases the lessee's rights and obligations continue until the lease expires or is terminated by def	Ground Lease
Rent paid for the right to use and occupy land according to the terms of a ground lease	Ground Rent
The legally and physically possible use of land that is likely to produce the highest land (or property) value it considers the balance between site and improvements as well as the intensity and length of uses	Highest and Best Use
An appraisal technique used to estimate the reproduction or replacement cost the appraiser multiplies the original cost of construction by a price index for the geographic area to allow for price changes	Index Method
The lessor's interest and rights in the real estate being leased	Lease Fee
The leasee's right to possess and use real estate during the term of a lease. This is generally considered a personal property interest .	Leasehold
An improvement to property that is more than warranted by the property's highest and best use and thus not likely to contribute its cost to the total market value of the property	Overimprovement
The subsequent increase in the unit value of a group of adjacent properties when they are combined into one property in a process called assemblage	Plottage Value
A lease commonly used for commercial property that provides for a rental based on the tenant's gross sales at the premises	Percentage Lease
A lease that stipulates a base monthly rental plus a percentage of any gross sales exceeding a certain amount	Percentage Lease
The number of years of useful life left to a building from the date of appraisal	Economic Life
The current construction cost of a building having exactly the same utility as the subject property	Replacement Cost
The current construction cost of an exact duplicate of the subject building	Cost Reproduction New
Ownership interest of a sublease	Sandwich Lease
A method of valuing land to be used for subdivision development. It relies on accurate forecasting of market demand including both forecast absorption and projected gross sales	subdivision development method land development method
The rate at which properties will sell	Forecast Absorption
Total income that the project will produce	Projected Gross Sales
The basic appraisal premise that the market value of real estate is influenced by the cost of acquiring a suitable or comparable property	Principle of Substitution
A principle that the value of a commodity will rise as demand increases and/or supply decreases	Principle of supply and demand
An improvement that is less than a property's highest and best use	Underimprovement
The value of goods and services in exchange for other other goods and services or money in the marketplace an economic concept of market value	Value in Exchange
The average selling price of homes in a district can be best ascertained by: A) assessed value B) an appraisal C) comparative analysis D) none of the above	B) An Appraisal
Your client asked you to make a simple appraisal of his lot in Baguio. Based on the technical description and inspection of the property you found out the following: Land area: 3200 sqm Unobstructed view (plus): 15% Plottage value (plus): 6% Topog	₱9
The price of any commodity in its market at a specified time is called: A) actual price B) market price C) Nobel price D) par value E) none of the above	B) Market Price
_ is a kind of listing that can be given to more than 1 brokers.	Open Listing
Open listing is a kind of listing that can be given to more than _ brokers.	1
A _ is an agreement between an owner and a broker to sell a real estate property.	Listing
A real estate broker receives a _ while a real estate dealer earns profit from his investments.	Commission
A real estate broker receives a commission while a real estate dealer earns _ from his investments.	Profit
Option is a contract between a _ and a buyer.	Seller
Option is a contract between a seller and a _ .	Buyer
The _ is a provision in the listing agreement which entitles a broker to a commission even when he closes the sale after the period of authority provided that the buyer with whom he has negotiated was registered by him with the seller and during the p	Hold Over Clause
In authority given by a developer to a broker to find a supplier for cement and aggregates materials wherein payment shall be in the form of units or developed	the contract is _ .
_ is an agreement by which the listing broker is entitled to his broker's fee even if the principal/seller sold the property himself.	Exclusive Right to Sell / Exclusive Authority to Sell
A lot owner and developer may convert a property into a_ by executing a legal document called Master Deed and registering the same with the Registry of Deeds.	Condominium Project
A lot owner and developer may convert a property into a condominium project by executing a legal document called _ and registering the same with the Registry of Deeds.	Master Deed
A lot owner and developer may convert a property into a condominium project by executing a legal document called Master Deed and registering the same with the _ .	Registry of Deeds
Unless the condominium corporation is earlier dissolved	the life a condominium corporation is _ .
The document which provides guidelines rules and regulations regarding the rights of condominium unit owners in the use occuptation ownership and disposition of units is called _	Declaration of Restrictions
The required number of votes of registered owners to authorize a condominium corporation to sell or otherwise dispose of the common areas in a condominium project is _ .	Simple Majority
Amendment to the Master Deed of a condominium project must be approved by the majority of registered unit owners. Majority is based on: A) number of condominium units B) floor area of ownership C) total area of condominium units D) any of the abov	A) number of condominium units
A petition may be filed by one or more unit owners of condominium project when damage has rendered _ of the units untenantable and unit owners holding more than 30% interest in the common areas are opposed to repair or restoration of the project.	One-half or More
A petition may be filed by one or more unit owners of condominium project when damage has rendered one-half or more of the units untenantable and unit owners holding _ interest in the common areas are opposed to repair or restoration of the project.	More than 30%
When the interest of participation of condominium unit owners in the common area is proportionate the formula applied is: A) unit area divided by the total area of the common area B) unit area divided by the total area of all condominium units C) un	B) unit area divided by the total area of all condominium units
In the absence of any provision in the Master Deed of a condominium project the share of the unit owners in the common area is: A) proportionate to his unit area B) based on the value of his unit C) equal to all other unit owners D) decided by the	C) equal to all other unit owners
In mixed use condominium projects the Master Deed may be amended by a simple majority of the unit owners. Majority is based on: A) number of condominium units B) floor area of ownership C) total area of condominium units D) any of the above E) n	B) floor area of ownership
Amendment to the Master Deed of a condominium project approved by the majority of registered owners need also be approved by the _ and HLURB.	City/Municipal Engineer
Amendment to the Master Deed of a condominium project approved by the majority of registered owners need also be approved by the city/municipal engineer and _ .	HLURB
Traditional ownership is evidenced by	Torrens title TCT or OCT
For a space to be considered a condominium unit it must: A) be encompassed by the interior surface of the wall floor ceiling B) be managed by a condominium corporation C) be susceptible of independent use and ownership D) be unencumbered by any r	C) be susceptible of independent use and ownership
Per BIR 28-98 the ground floor of a condominium project shall be considered as_ and an additional rate of 20% shall be added to an established residential zonal value.	Commercial
Per BIR 28-98 the ground floor of a condominium projecct shall be considered as commercial and an additional rate of_ shall be added to an established residential zonal value.	20%
All real properties regardless of actual use located in a street/barangay/zone the use of which are predominantly commercial shall be considered as _ for purposes of zonal valuation.	Commercial
A_ is sometimes referred to as vertical subdivision	Condominium
A condominium is sometimes referred to as_	Vertical Subdivision
Which of the following cannot be given Condominium Certificate of Title? A) subdivision lots B) industrial warehouse C) condominium corporation D) one level rowhouse E) none of the above	A) subdivision lots
RA 4726	Condominium Act June 18 1966
Condominium Act	June 18 1966 RA 4726
Condominium developers are mandated to form a: A) cooperative B) charitable organization C) condominium corporation D) one level rowhouse E) none of the above	C) Condominium Corporation
Enumerated are the advantages of condominium concept which does not belong: A) cooperative B) with CCT as proof of ownership C) enhances affordability D) economy in land space E) social club B) with CCT as proof of ownership it's not an advant
Condominium title is also called	CCT Condominium Certificate of Title
For the purpose of _ a condominium unit owner has non-exclusive easement to the common area.	Ingress and Egress
For the purpose of ingress and egress a condominium unit owner has _ to the common area.	Non-Exclusive Easement
For the purpose of ingress and egress	a condominium unit owner has non-exclusive easement to the_ .
_ of the units of a condominium project may be sold to foreigners.	40%
40% of the units of a condominium project may be sold to_ .	Foreigners
The organization of a_ is always mandatory in a condominium project.	Condominium Corporation
The organization of a condominium corporation is always mandatory in a_ .	Condominium Project
A_ is a part of a condominium project intended for any type of independent use or ownership.	Unit
A unit is a part of a condominium project intended for any type of_ .	Independent use or ownership
Whenever the_ in a condominium project are held by a condominium corporation such corporation shall constitute the management body of the project.	Common Areas
Whenever the common areas in a condominium project are held by a condominium corporation such corporation shall constitute the_ of the project.	Management Body
Statements defining the limitation of ownership of a condominium unit which binds all unit owners are called the_ and are registered with the Registry of Deeds.	Declaration of Restrictions
Statements defining the limitation of ownership of a condominium unit which binds all unit owners are called the Declaration of Restrictions and are registered with the_ .	Registry of Deeds
A right given for a consideration to purchase or lease a property upon a specified time	Option
A notice of adverse claim annotated on the title can be cancelled after the expiration of _ after its annotation by a verified petition with the Registry of Deeds.	30 days
A court action to remove clouds on the title	Quieting of Title
The best evidence of land/property ownership under the Philippine system of registration	Torrens Title
A condensed history of title showing the various links in the chain of title including liens encumbrances and other conditions affecting the title	Abstract of Title
An annotation on the title which serves as a notice that the property is being held in reserve for whatever judgement may be rendered against the owners	Attachment
When the owner's duplicate certificate of title is lost the registered owner shall file a _ to be issued a new owner's copy	Petition for the Issuance of Owner's Duplicate Certificate of Title
The legal form to be made by the landowner in order to transfer the titles of the land and common areas in favor of the Condominium Corporation	Deed of Conveyance
_ is an annotation on the back of a title that means that the property owned by the deceased is subject to the rights of _ or _ or any persons who have been unduly deprived of their lawful participation in the estate with a period of _ after the settlemen	Rule 74 of the Rules of Court creditors heirs two (2) years
Under RA 6732 the _ of lost or destroyed original certificates of titles in the Registry of Deeds may be availed when the number of certificates lost or destroyed is _ of all titles in the Registry but _ titles.	Administrative Reconstitution at least 10% not less than 500
The best evidence of fee simple is a _ because it is indefeasible and imprescriptible.	Torrens Title
The best evidence of fee simple is a Torrens Title because it is_ and imprescriptible.	Indefeasible
The best evidence of fee simple is a Torrens Title because it is indefeasible and_ .	Imprescriptible
An adverse claim lapses after _ from annotation in the certificate of land title. A second claim is _.	30 days not allowed
A claim of a person on a property of another	Adverse Claim
A hold or claim which one person has upon a property of another as security for a debt charge judgement or mortgages	Lien
An annotation in the title that serves as notice that the property is subject to a pending litigation	Lis Pendens
A lien created by law which exists in favor of persons who have performed or furnished materials in the erection or repair of a building	Mechanic's Lien
Anything which affects or limits the fee simple title to property such as mortgages easements or restrictions of any kind	Encumbrance
Refers to money encumbrances that make the property security for the payment of a debt or obligations such as mortgages and taxes	Lien
title defect	Cloud on Title
cloud on title	Title Defect
Any condition revealed by a title search which affect title to property usually relatively unimportant items but which cannot be removed without a quit claim deed or court action	Cloud on title title defect
Largest estate of ownership in real property in which the owner holds all rights not reserved by society	Fee Simple Absolute Ownership
Fee Simple	Absolute Ownership
Absolute Ownership	Fee Simple
A writ that authorizes and directs the proper officer of the court usually the sheriff to carry into effect a judgement or decree of the court	Writ of Execution
The following liens can be found at the back of a title except: a) Real estate tax liens b) Judgement liens c) Mechanic's liens d) Mortgage liens e) Statutory liens	e) Statutory liens It is "already understood" to be there as it is "statutory"
Registration of a real estate instrument can be given due course without the presentation of the owner's duplicate certificate of title when the document is: a) Notice of adverse claim b) Notice of lis pendens c) Writ of attachment d) All of the a	d) All of the above
The following are public dominion except: a) navigable river converted into fishpond b) canal c) public plaza converted into a housing project d) subdivision roads e) natural resources	c) public plaza converted into a housing project
Under PD 892 which titles can no longer be a source of right or ownership?	Spanish titles
Must be paid before transacting with the Registry of Deeds	Taxes
RA 496	Land Registration Act February 1 1903
PD 1529	Property Registration Decree June 11 1978
The _ heads the office of the Registry of Deeds	Registrar of Deeds
The Registrar of Deeds heads the office of the _	Registry of Deeds
Under PD 1529 each _ and _ is required to have a Registry of Deeds.	Province City
An _ Certificate of Title is issued by the Regional Trial Court	Original
An Original Certificate of Title is issued by the _	Regional Trial Court
The _ is required when disposing assets of minors.	Authority of the Court
_ is done in the office of the Registry of Deeds of the city or province where the property is located.	Land Registration
Land Registration is done in the office of the _ of the city or province where the property is located.	Registry of Deeds
The first registration of the land whereby an Original Certificate of Title is entered in the Registry of Property and a duplicate owner's copy is issued to the owner by the Registry of Deeds	Original Registration
The registration of the land through the courts	Judicial Registration
Have exclusive jurisdiction over all applications for original registration of title to lands including improvements and interests therein	Regional Trial Courts
RTC	Regional Trial Court
Court of First Instance	Regional Trial Court
Land registration is governed by _ titled _with effectivity date of _. It was replaced by _ titled _ with effectivity date of _ which amended and codified the laws related to registration of property.	RA 496 Land Registration Act February 1 1903 PD 1529 Property Registration Decree June 11 1978
A _ Certificate of Title is issued by the Registry of Deeds	Transfer
An Transfer Certificate of Title is issued by the _	Registry of Deeds
The registration of land instituted by the applicant under the provisions of RA 496 or PD 1529	Voluntary Registration
The registration effected at the instance of the State under provision of the RA 2259 with pertinent provisions of RA 496 and PD 1529	Compulsory Registration
A written authorization or permit to develop or use or construct in certain areas or any parcel of land based on approved plan use or zoning ordinance in the absence of a zoning ordinance the grant of permit shall be based on HLURB planning standards and	Locational Clearance
The acquisition of land in advance of actual need based on present value for future planned development is referred to under Urban Land Reform Law as _	Land Banking
The act of authorizing the change of the current use of a piece of agricultural land into non-agricultural use such permit is proper only upon issuance of a clearance from the Department of Agrarian Reform	Conversion
Refers to land devoted to agriculture as defined in RA 6657 and owned by natural or juridical persons or by the government in its private capacity	Agricultural Land
Determines if a particular land ceases to be economically sound for agricultural purpose	Department of Agrarian Reform DAR
Under the PD 1517 known as Urban Land Reform Law an area is considered urban when it has a population density of _ and where 50% of economically active residents are engaged in non-agricultural activites.	at least 1 000 persons per square kilometer
Under the PD 1517 known as Urban Land Reform Law an area is considered urban when it has a population density of at least 1 000 persons per square kilometer and where_ of economically active residents are engaged in non-agricultural activites.	50%
Under the PD 1517 known as Urban Land Reform Law an area is considered urban when it has a population density of at least 1 000 persons per square kilometer and where 50% of economically active residents are engaged in _ activites.	Non-Agricultural
PD 1517	Urban Land Reform Decree June 11 1978
Division of community into function zones based on present and potential use of properties to regulate use and growth of properties per comprehensive plan	Zoning
Municipal or country regulation of land use within designated districts or zones	Zoning Ordinance
It is an application of the the state's police power to regulate private activity by enacting laws that benefit the public health safety and general welfare. It may affect use of land lot sizes type of structure permitted building heights setbacks and d	Zoning Ordinance
Regulation of the character and use of property by a municipality or other government entity through the exercise of its police power	Zoning
A once-lawful property use that is permitted to continue after a zoning ordinance prohibiting it has been established for the area a use that differs sharply from the prevailing uses in a neighborhood.	Non-conforming structure or use
_ provided protection for legitimate tenants and requires clearance for development proposals and land transactions in proclaimed areas in Urban Land Reform Zones and Bagong Lipunan sites	PD 1517
PD 1517 provided protection for legitimate tenants and requires clearance for development proposals and land transactions in proclaimed areas in_ and Bagong Lipunan sites	Urban Land Reform Zones
PD 1517 provided protection for legitimate tenants and requires clearance for development proposals and land transactions in proclaimed areas in Urban Land Reform Zones and_	Areas for priority development
A center in d primate region of d cntry dt operates in accordance w/RA 7279 odrwise known as d Urban Development n Housing Act of 1992 n Exec Order no. 184 covering its implementing rules n regulations 4 dsoperational function	Socialized Housing One-Stop Processing Center SHOPC
A public document adopted by the LGU as a guide to the physical and socio-economic development of their community	Town Plan
Projects that have high potential for significant negative environmental impact and is listed under PD 2146 and Proclamation No 803 s. 1996 as well as other projects which the president may proclaim as environmentally critical in accordance with the of	Environmentally-Critical Project ECP
A detailed guide on the procedure to be observed by the parties concerned in the Environmental Impact Statement System. It shall include among others guidelines on public participation and social acceptability the EIS/IEE review criteria in accordance wit	EIS Procedure Manual
A certificate issued by the EMB certifying that based on the submitted project description the project is not covered by the EIS System and is not required to secure an ECC	Certificate of Non-Coverage
Document allowing proponent to undertake a particular critical project in a critical area with various conditions	Environmental Compliance Certificate ECC
Refers to projects declared through Proclamation No 2146 and Proclamation No 803 which may pose significant negative environmental impact at certain thresholds of operation regardless of location	Environmentally Critical Project ECP
An area listed under PP 2146	Environmentally Critical Area ECA
A proposal for the future use of land based on sound planning principles and form part of the official document known as the Comprehensive Development Plan or a proposal which forms part of the comprehensive development plan	Land Use Plan
The entire process of organizations administration and procedures institutionalized for purposes of assessing the significance of the effects of any project or undertaking on the quality of the physical biological and socio-economic environment and design	Environmental Impact Statement System EIS System
Refers to the fund that proponents required or opting to submit an EIS shall commit to establish when an ECC is issued by the DENR for its project or undertaking to be used to support the activities of the multipartite monitoring team	Environmental Monitoring Fund EMF
The use of scientific methods and information to define the probability and magnitude of potentially adverse effects which can result from exposure to hazardous materials or situations	Environmental Risk Assessment ERA
A multi-sector team covered for the primary purpose of monitoring compliance by the proponent with the ECC the EMP and applicable laws rules and regulations	Multipartite Monitoring Team MMT
The proponent's technical staff or a competent professional group commissioned by the proponent to prepare the EIS/IEE and other related documents	Preparer
Any natural or juridical person intending to implement a project or undertaking	Proponent
A layer in the stratosphere level of 10km to 50km high that protects the Earth from deadly rays of the sun	Ozone Layer
A city or municipality through an ordinance passed by the_ after conducting public hearings may reclassify lands.	Sanggunian
A city or municipality through an ordinance passed by the Sanggunian after_ may reclassify lands.	Conducting Public Hearings
A city or municipality through an ordinance passed by the Sanggunian after conducting public hearings may_ lands.	Reclassify
Government agencies mandated to regulate environment	DENR HLURB LGU
A general area declared through Proclamation 2146 as environmentally sensitive such that significant environmental impacts are expected if certain types / thresholds of proposed project are located developed or implemented in it	Environmentally Critical Area ECA
Which is not an environmentally critical project? A) Heavy & Resource extractive industries B) Football field C) Infrastructure projects D) Golf course	B) Football field
It is the translation of a land use plan into legally-enforceable documents complete with penal provision and adopted by the Sangguniang Bayan/Panglunsod	Zoning Ordinance ZO
A proposal which forms part of comprehensive development plan	Land Use Plan
A translation of the land use plan with penal provision	Zoning Ordinance
Principle of ownership which mandates property owners to use their property in a manner that will promote not only their interest but also the general welfare	Stewardship Principle
Hidden treasures belong to the _ and to the owner of the land building or other property in which it is found on a _ sharing ratio.	Finder in good faith 50:50
The State is exercising its _ when it expropriates land for public use upon payment of _.	Power of Eminent domain just compensation
Filling of submerged land by deliberate act of a government	Reclamation
Money paid by the State when a public agency takes private property and converts it for public use	Just compensation
Increase or addition of land by the deposit of sand and soil washed up naturally from a river lake or sea	Accretion
An owner whose land abuts a river	Riparian Owner
_ of the State is that which it own in its private capacity	Patrimonial Property
Patrimonial property of the State is that which it own in its _	Private Capacity
Rights in fee simple	Bundle of Rights
Alienable and disposable land in the public domain	Agricultural land
A kind of possession that is actual continuously adversarial visible and required as an element of prescription	Adverse Possession
An encumbrance imposed upon an immovable for the benefit of another immovable belonging to another	Easement Servitude
A former natural born Filipino can acquire not more than _ in the urban area for business purposes under RA 8179.	5 000 sqm
A former natural born Filipino can acquire not more than 5 000 sqm in the _ for business purposes under RA 8179.	Urban Area
A formal natural born Filipino can acquire not more than 5 000 sqm in the urban area for business purposes under _ .	RA 8179
_ is proof of ownership while possession is the exercise of the attribute of ownership.	Torrens Title
Torrens Title is _ while possession is the exercise of the attribute of ownership.	Proof of Ownership
Torrens Title is proof of ownership while _ is the exercise of the attribute of ownership.	Possession
Torrens Title is proof of ownership while possession is the _ .	Exercise of the Attribute of Ownership
A foreigner who is married to a Filipino spouse must execute an affidavit of waiver so that the title to the property bought by the Filipina may be _.	Registered in the name of the Filipino spouse with the Registry of Deeds
"Right of way" is a kind of	Easement and Servitude
Generally only Filipino citizens and corporation with at least 60% capital of which is owned by Filipinos are entitled to acquire and own land in the Philippines. However aliens can still acquire real estate in the Philippines in the following cases excep	D) purchase of residential house and lot
Lands escheated by the government is considered as	Patrimonial Property
bundle of rights theory	Rights in Fee Simple
A former natural born Filipino may in addition to acquiring residential land under BP 185 still acquire land for business or other purposes under RA 8179 provided the area does not exceed	3 hectares for rural land 5000 sqm for urban land
The breaking of law or failure of duty either by omission or commission	Breach
The rights of ownership whereby the owner has the right to enjoy dispose exclude others and to recover	Right of Accession
Latin "Let the buyer beware"	Caveat Emptor
The buyer is duty-bound to examine the property he is purchasing and he assumes conditions which are readily ascertainable on the face of the title.	Caveat Emptor let the buyer beware
Delay or negligence in asserting one's legal right	Latches
The right of government to acquire property for necessary public or quasi-public use	Right of Eminent Domain
Reversion of property to the state owing to lack of any heirs capable of inheriting or due to other causes provided by law	Escheat
The taking of property for public use with fair compensation to the owner	Expropriation
The right of the state to enact laws and enforce them for the order safety health morals and general welfare of the public	Police Power
A deed of release or renunciation of a legal right Quitclaim
Something that is part of something else that is transferred with the property when sold alienated such as a barn dwelling garage or orchard	Appurtenance
The _ follows the principal.	Accessory
The accessory follows the _ .	Principal
The exercise of police power by the municipality or city in regulating and controlling the character and use of property	Zoning
The automatic conveyance of real property to the State upon the owner's death due to the absence of will heirs or failure to pay taxes	Escheat
The accretion in which lands adjoining the banks of rivers creeks torrents or lakes gradually received from the effects of the current of the water	Alluvion
Removal of land from one owner to another when a stream suddenly changes its channel	Avulsion
Addition to the land through natural causes usually by change in water flow	Accretion
Only Filipino citizens or corporations with _ of capital owned by a Filipino citizen can acquire land in the Philippines.	At least 60%
How much agricultural lands of the public domain can a Filipino citizen acquire under free patent?	Not more than 12 hectares
In Philippine Law the equivalent of real estate is	Immovable Property
_ is the law that allows former natural born Filipinos to acquire residential lands in the Philippines under certain conditions.	BP 185
BP 185 is the law that allows former natural born Filipinos to acquire _ lands in the Philippines under certain conditions.	Residential
_ allows former natural born Filipinos to acquire lands for business purpose under certain conditions.	RA 8179
RA 8179 allows former natural born Filipinos to acquire lands for _ under certain conditions.	Business Purpose
Under BP 185 the maximum area of residential land that can be acquired by former natural born Filipinos1000 sqm urban land 10000 sqm	Rural Land
Under RA 8179 the maximum area of land for business purpose that can be owned by former natural born Filipinos	5000 sqm for urban land 3 ha for rural land
The acquisition of land by virtue of heriditary succession as an heir	Inheritance
The right to acquire the interest of a deceased joint owner	Right of Survivorship
The priority of a tenant to buy the land located in an urban land reform area	Tenant's right of first refusal
Refers to the different administrative methods of acquiring public lands such as homestead or free patent	Public Grant
Execution by the owner of the appropriate document transferring ownership to another	Private Grant
The process by which land is taken against the consent of the owner as in expropriation proceeding execution of judgements tax sales and foreclosure of mortgage	Involuntary Grant
A stipulation in a contract which authorizes the mortgagee to appropriate the property as his own upon failure of the debtor to fulfill his obligation	Pactum Commissorium
A process wherein a property used as a collateral for a loan is sold to pay the loan in case of default on the part of the borrower	Foreclosure
A stipulation which prohibits the mortgagor from alienating the property within the period of the mortgage	Pactum de non Aliendo
An instrument wherein property is pledged as a debt security creating a lien on the property	Mortgage
A kind of mortgage that can be paid even before maturity	Open Mortgage
In case of doubt a contract purporting to be _ shall be construed as equitable mortgage	Pacto De Retro Sale
In case of doubt a contract purporting to be pacto de retro sale shall be construed as _	Equitable Mortgage
_ is where the lessee transfers his interest to another person	Assignment
There is _ when the lessee leases a portion of the property leased	Sublease
In PD 471 the maximum period of lease of real estate that may be agreed upon the lessor and a foreign lessee who is not a foreign investor is _ renewable for another _.	25 years 25 years
In RA 7652 the maximum period of lease of real estate that may be agreed upon the lessor and a foreign lessee who is a foreign investor and the leased property is used solely for investment purposes is _ renewable for another _.	50 years 25 years
If the lease period is_ then it must be made in writing.	More than 1 year
If the lease period is more than 1 year then it must be made _ .	In writing
RA 7652	Investor Lease Act
Investor Lease Act	RA 7652
A contract between an owner and a tenant on a thing with conditions of use	Lease Contract
Amount paid by the lessee of a house a flat or business building	Rent
Under the Rent Control Law the lessor may ask for a deposit rental not exceeding	2 months
The clause in a mortgage that gives the mortgagor the right to redeem his property upon the payment of his obligations to cover the principal obligation	Defeasance Clause
If at the end of the period of lease the lessee continues to enjoy the thing leased with the acquiescence of the lessor it is understood that there is a new lease	Tacita Reconduccion
Tacita Reconduccion	Implied new lease
Implied new lease	Tacita Reconduccion
A provision in a financing agreement which renders the remaining principal balance of the loan immediately due and payable upon default in any stipulated installment	Acceleration CSSlause
A mortgage that covers two or more properties	Blanket Mortgage
Under RA 8791 the maximum redemption period after extrajudicial foreclosure of a mortgage executed by a corporation in favor of a bank	3 months
In a sale a retro where it is stipulated that the vendor has the right to repurchase the property when he has the means he has _ to redeem it.	4 years
A lease of property in which the rent is computed as a certain percentage of the amount of sales made within the property	Percentage Lease
A contract of sale with the stipulation that the vendor shall have the right to buy back the property within the agreed period	Pacto De Retro Buy Back Agreement Repurchase Agreement
A mortgage containing a clause which permits the mortgagor to borrow additional money after the loan has been reduced without re-writing the mortgage	Open End Mortgage
Failure to fulfill a duty or promise to discharge an obligation an omission or failure to perform any act	Default
Loss of money or anything of value due to failure to perform such as under an agreement to purchase	Forfeiture
An action to foreclose a real estate mortgage prescribes in _	10 years
To hypothecate a property with transfer of possession	Contract of Antichresis
Payment of the debt or obligation with a property	Payment in kind Dacion en Pago
In case of the sale of a house and lot with the right to repurchase the period of redemption shall be _ from the date of contract in the absence of any agreement. Should there be an agreement the period cannot exceed _. However the vendor may still exerci	4 years 10 years 30 days
Property foreclosed judicially can no longer be redeemed by the owner after the auction sale has been confirmed by the court except when the mortgagee is a _ where redemption may still be made within _ from the _ of the auction sale.	bank 1 year registration
A contract wherein the mortgagee receives the fruit of the property with the obligation to apply them in payment of the interest and principal	Antichresis
When a property is subject to Rent Control Law the lessor can eject the lessee when there is need of the owner or his immediate family member to use the premises for residence on the following conditions except: A) lease has expired B) three (3) month	D) the owner or immediate family member will use the premises for business
A judgment for the mortgagor to pay the balance of an obligation if the proceeds of the foreclosure sale is not sufficient to cover the principal obligation	Deficiency judgement
In an extra-judicial foreclosure of mortgage of real estate acquired through homestead the redemption period is _	5 years
Maximum period for the right of redemption in an extrajudicial foreclosure of mortgage	1 year
Maximum period for equity of redemption in a judicial foreclosure of mortgage	90 days
X owner of a 10-door apartment rented a unit to Y for a period of one year. Under the law on lease Y without the consent of X may perform any of the following acts except: A) sublease the unit B) assign his rights C) suspend payment if X fails to ma	B) assign his rights
Extrajudicial foreclosure is undertaken in accordance with the provisions of _	Rule 68 of the Rules of Court
The conveyance of real estate in payment of an obligation	Dacion en Pago
A mortgage in which the collateral is not allowed to be used as security for another loan	Close End Mortgage
Where the final installment payment on a note is greater than the preceding installment payments and the payer pays the note in full	Balloon Payment
Payment in lump sum although not yet due	Accelerated Payment
A contract of lease shall be binding even on third parties if the contract of lease is _	Recorded in the Registry of Property
A house and lot with swimming pool was rented by an expatriate in Dasmariñas Vilage Makati City for the monthly rental of ₱150000 per month. Up to how many months advance rental may the owner impose of the tenant?	Depends on agreement of the parties
In case of refusal by the lessor to accept payment of the rental agreed upon the lesee may either deposit by way of consignation the amount in: A) court B) city/municipal treasurer C) bank in the name of and with notice to the lessor D) any of the	D) any of the above
RA 9653	Rent Control Act July 29 2009
According to RA 9653 the maximum annual increase in rent for residential units cannot exceed _.	7%
According to the _ contracts must be in writing to be enforceable	Statute of Frauds
According to the Statute of Frauds contracts must be _ to be enforceable	In writing
According to the Statute of Frauds contracts must be in writing to be_	Enforceable
Delay or negligence in asserting one's legal right	Latches
A deed used to convey real property which warranties of title and quiet possessions warranty deed	NB: In a warranty deed the grantor agrees to defend the premises against the lawful claims of third persons.
An action instituted by the vendee against the vendor to void a sale on account of some vice or defect in the thing sold which renders it unfit for the use intended or which will diminish its fitness for such use to such an extent that had the vendee awar	Action for Rescission
A contract granting a person the privilege to buy or not to buy certain objects at anytime within the agreed period at a fixed price	Option Contract
A clause that begins with "to have and to hold" which defines or limits the quantity of the estate granted in the premise of the deed	Habendum Clause
When a property is sold to two or more buyers the property goes to the _	Buyer in good faith who first registers with the Register of Deeds
When a property is sold to two or more buyers and have not registered the sale with the RD the property goes to	Buyer in good faith who is in possession
An agreement where the consideration of a contract or a portion thereof is entrusted to a third party known who is authorized to release payment after fulfillment of some condition	Escrow
The voluntary transfer of real estate	Private Grant
A contract which is merely an executory contract or a mere promise to sell with no transfer of ownership	Contract To Sell
A _ is to Deed of Absolute Sale; A Contract to Sell is to Deed of Conditional Sale	Contract of Sale
A Contract of Sale is to _ A Contract to Sell is to Deed of Conditional Sale	Deed of Absolute Sale
A Contract of Sale is to Deed of Absolute Sale; A _ is to Deed of Conditional Sale	Contract to Sell
A Contract of Sale is to Deed of Absolute Sale; A Contract to Sell is to _	Deed of Conditional Sale
The portion of a deed of conveyance transferring specific interest in the property	Habendum Clause
A document which transfers conveys and assigns a real estate property from the owner to the buyer	Deed of Absolute Sale
_ is where the sale contemplates a contigency i.e. subject to certain conditions usually the payment of the purchase price	Contract to Sell
_ is not subject to any condition and the title passes to the buyer upon delivery of the thing sold.	Deed of Sale
Things having a potential existence may be the object of a _	Contract of Sale
Essential requirements of a Contract of Sale	1. consent or meeting of minds of buyer and seller 2. object or subject matter 3. cause or consideration
In a legal contract/instrument between individuals as parties the instrument must contain the following except: A) Full names and addresses B) Civil status and citizenship C) Capacity and personality in the contract D) Board resolution	D) Board resolution
A contract wherein ownership is reserved in the vendor and is not passed until full payment of the price	Contract to Sell
In a Contract to Sell by a corporation the instrument must include the following except: A) the firm has legal right to own land in the Philippines in case ownership is to be transferred B) Contract is duly authorized by proper Board Resolutions of th	C) Financial statement of the corporation standard form contract take-it-or-leave-it contract Contract of Adhesion
A contract drafted by one party and signed by the weaker party	Contract of Adhesion Adhesion Contract
No _ may be admitted to take the board exam nor be given certificate to operate in the Philippines unless there is foreign reciprocity.	Foreigner
No foreigner may be admitted to take the board exam nor be given certificate to operate in the Philippines unless there is_ .	Foreign Reciprocity
In order that a candidate may be deemed to have passed the examination s/he must have obtained _ in all subjects with no rating below _.	75% 50%
Attendance in Real Estate Seminar and Review with certification provided by an accredited _ by PRC is prerequisite in taking the Real Estate Broker's Exam.	Provider
The professional identification card from PRC shall be renewed every _.	3 years
A _ is a duly accredited natural person by PRC who performs real estate service in behalf of a registered and licensed real estate broker.	Real Estate Salesperson
A real estate salesperson is a duly accredited natural person by PRC who performs _ in behalf of a registered and licensed real estate broker.	Real Estate Service
A real estate salesperson is a duly accredited natural person by PRC who performs real estate service in behalf of a _ .	Registered and licensed real estate broker
_ is the accredited and integrated professional organization by PRC.	AIPO
Cash surety bond of real estate is renewable every_ .	3 years
Cash surety bond of real estate is_	₱ 20000
Under §32 on corporate practice of the real estate service developers shall regularly submit to the commission and to the SEC a list of_ .	Accredited Real Estate Service Practitioners
Per §30 of IRR RESA all positions in government requiring the services of registered and licensed real estate service practioners shall be filled only by_ within 3 years from effectivity.	Registered and Licensed Real Estate Service Practitioners
Per §30 of IRR RESA all positions in government requiring the services of registered and licensed real estate service practioners shall be filled only by registered and licensed real estate service practitioners within_ from effectivity.	3 years
Per §31 of IRR RESA the Board shall accredit real estate salespersons with at least_ in college with at least 2 units in CEP training. No examination shall be given.	2 years
Per §31 of IRR RESA the Board shall accredit real estate salespersons with at least 2 years in college with_ in CEP training. No examination shall be given.	at least 12 units
Per §31 of IRR RESA the Board shall accredit real estate salespersons with at least 12 years in college with at least 2 units in CEP training._ examination shall be given.	No
Per §32 of IRR RESA Board may accredit real estate sales person until July 30 2011 if they are registered with DTI and in the active practice for at least_ as may be certified by a licensed broker or real estate developer prior to effectivity of RA 9646	3 years
Per §32 of IRR RESA Board may accredit real estate sales person until July 30 2011 if they are registered with DTI and in the active practice for at least 3 years as may be certified by a licensed broker or real estate developer prior to effectivity of R	120
Per §32 of IRR RESA Board may accredit real estate sales person until July 30 2011 if they are registered with DTI and in the active practice for at least 3 years as may be certified by a licensed broker or real estate developer prior to effectivity of R	Supervising Licensed Broker
No real estate salesperson either directly or indirectly can negotiate mediate or transact any real estate transaction for and in behalf of a real estate broker without first securing an_ as real estate salesperson for the real estate broker as prescribe	Authorized Accreditation
No real estate salesperson either directly or indirectly can negotiate mediate or transact any real estate transaction for and in behalf of a real estate broker without first securing an authorized accreditation as real estate salesperson for the_ as pre	Real Estate Broker
A real estate broker shall be guilty of violating RA 9646 or the IRR for utilizing the services of a real estate salesperson who has not secured the required_ from the Board.	Accreditation
No violation of this provision per §31 shall be caused for revocation of broker's license unless there was_ of such violation or the broker retains the benefits profits or proceeds of a transaction wrongfully negotiated by the salesperson.	Actual Knowledge
No partner or corporation shall engage in the business of real estate service unless it is duly registered with the SEC and persons authorized to act for the partnership or corporation are all_ real estate brokers appraisers or consultants as the case ma	Duly registered and Licensed
Under § 32 the partnership or corporation shall regularly submit a list of_ to the Commission and SEC as part of its annual reportorial requirements.	Real Estate Service Practitioners
Under § 32 the partnership or corporation shall regularly submit a list of real estate service practitioners to the Commission and SEC as part of its_ requirements.	Annual Reportorial
There shall be at least 1 licensed real estate broker for every_ accredited salespersons per § 32.	20
Divisions or departments of partnership and corporations engaged in marketing or selling any real estate development project in the regular course of business must be headed by_ registered and licensed real estate broker in accordance with § 32.	Full-Time
Branch offices shall be manned by_ real estate brokers appraisers consultants as the case may be.	Duly Licensed
In case of termination or resignation from office of a real estate practitioner the same shall be reported by employer to the Board within a period of_ from date of effectivity.	15 days
Subject to the provisions of the Labor Code a corporation or partnership may hire the services of registered and licensed real estate brokers appraisers consultants on commission basis to perform real estate service and the latter shall be deemed_ contra	Independent
The_ of the official seal of the PRBRES signifies the vital role of the real estate service practitioners in the social political economical development and progress of the Philippines.	Rising Sun
The_ of the official seal of the PRBRES signifies ethical standards and prosperity.	Gold
_ is an Act regulating the practice of Real Estate Service in the Philippines or within the Philippine jurisdiction.	RA 9646 or RESA Law July 29 2009
RA 9646	RESA Law Real Estate Service Act July 29 2009
_ refers to the Professional Regulatory Board of Real Estate Service	The Board
The Board refers to the_	Professional Regulatory Board of Real Estate Service
Real Estate Service Practitioners shall refer to_ .	Real estate consultants appraisers brokers and salespersons
_ refers to a person who conducts valuation and possesses the necessary qualifications license ability and experience.	Appraiser
_ refers to an official in the local government unit who performs appraisal and assessment of real properties including plants equipment and essentially for taxation purpose.	Assessor
_ shall refer to real estate consultants appraisers brokers and salespersons.	Real Estate Service Practitioners
_ refers to duly registered and licensed natural person who for a professional fee acts as an agent for a real estate transaction.	Real estate broker
Real estate broker refers to duly registered and licensed natural person who for a_ acts as an agent for a real estate transaction.	Professional Fee
Real estate broker refers to duly registered and licensed natural person who for a professional fee acts as an_ for a real estate transaction.	Agent
_ is the natural and integrated professional organization of natural persons duly registered and licensed as real estate service practitioners. To be recognized by the Board as the only accredited organization of real estate practitioners. It is mandatory	AIPO
The Board shall adopt and promulgate the Code of Ethics and Responsibilities for real estate practitioners which shall be prescribed by the_ .	Commission
The Real Estate Practitioner who fails to comply with the necessary CPE requirements within_ after effectivity of RA 9646 on or before July 30 2011 shall be required to take the Board Exam.	2 years
The Real Estate Practitioner who fails to comply with the necessary CPE requirements within 2 years after effectivity of_ on or before July 30	2011 shall be required to take the Board Exam.
The Real Estate Practitioner who fails to comply with the necessary CPE requirements within 12 years after effectivity of RA 9646 on or before July 30 2011 shall be required to take the_ .	Board Exam
The duration of the Professional Indemnity Insurance of Real Estate Broker is_ .	3 years
Per § 39 any violation of RA 9646 including violations of the IRR by a licensed accredited person shall be meted the penalty of fine of not less than_ and/or 4 years imprisonment.	₱ 10000
Per § 39 any violation of RA 9646 including violations of the IRR by a licensed accredited person shall be meted the penalty of fine of not less than ₱ 10000 and/or_ imprisonment.	4 years
The Board shall be assisted by the Commission in carrying out the provisions of RA 9646 & IRR. The lawyers of the Commission shall act as_ against illegal practitioners and other violators.	Prosecutors
RA 9646 or RESA Law has_ sections.	45
IRR of RA 9646 refers to several words except: A) Implementing Requirements and Rules of RA 9646 B) Implementing Rules and Regulations of RA 9646 C) regulations D) IRR - Real Estate Service Act of the Philippines	A) Implementing Requirements and Rules of RA 9646
The Board shall create a_ composed of a chairperson coming from the Board a member from AIPO and a member from the academe.	CPE Council
Not included in the following instances leading to revocation or suspension of Certificate of Registration and the Professional Identification Card A) Procurement of certificate of registration and/or professional identification card or special/temporary	D) Engaging in the practice of profession during the period of one's suspension
Covergae of those who shall be registered by the Board without examination except: A) Active practioners with 15 CEP units during the effectivity of the RA 9646 as of July 30 2009 with 24 CEP units earned from 2007 to July 30 2011 B) Passed 2006 DTI exa	D) Passed the 2011 exam but failed to secure license prior to June 1 2011
Not included in the composition of the official seal of the Professional Regulatory Board of Real Estate Service (PRBRES): A) Land structures trees & Fruits green lines rising sun B) Red white blue yellow gold C) Blue green sun & rays map of the Ph	D) Building blue green violet
Not true interpretation: A) Land - real estate structures - improvement on land trees & fruits - agricultural produce green lines - real estate B) Red white blue yellow - color of the Philippine flag blue - service green - environment & ecology C) S	D) Land - prime rice land red - alertness vigilance
Zoning is an exercise of the _ power of the State.	Police
PD 957	The Subdivision and Codominium Buyers' Protective Decree
The Subdivision and Codominium Buyers' Protective Decree	PD 957
Document to be checked before buying a subdivision lot	License to Sell
Highest selling price for a house and lot package under Economic Housing	₱ 1250 000.00
Highest selling price for a house and lot package under Socialized Housing	₱ 450000.00
Time frame to develop one (1) phase of a subdivision from issuance of the License to Sell	1 year
§31 of PD 957 requires that the broker or salesman who negotiated the sale of a subdivision lo or condominium unit shall act as a _ to the sales document with an indication of his _ and _.	Witness license number expiry date
The law providing for the comprehensive and integrated shelter and Urban Development Financing Program	EO # 90
The body which formulates the policies and objectives as well as the overall strategies for the country's National Shelter Program	HUDCC Housing and Urban Development Coordinating Council
HUDCC	Housing and Urban Development Coordinating Council
A subdivision plan or a registered land wherein a street passageway or open spaces is delineated on the plan	Complex Subdivision
In PD 957 a juridical person refers to a business firm. These are corporation partnership cooperative association	Sole Proprietorship
Under PD 957 _ is also included in the enumeration of juridical persions.	Sole Proprietorship
The entire parcel of real property divided or to be divided into condominiums including all structure thereon	Project
One of a series of individual homes having architectural unity and a common wall between each unit	Rowhouse Townhouse
rowhouse	Townhouse
townhouse	Rowhouse
Refers to the limitation on the use of the lot such as allowable use building lot ratio prohibition against subdivision or more than one single detached house etc.	Deed Restrictions
Refers to the indentation along corner lot to provide better visibility to pedestrian traffic	Chaplan
The Articles of Incorporation of the Homeowner's Association is registered with the _	HLURB Housing and Land Use Regulatory Board
The Articles of Incorporation of the Condominum Corporation is registered with the _	SEC Securities and Exchange Commission
Individual titles to the subdivision lots may be issued by the Register of Deeds upon approval of the Land Management Bureau or Land Registration Authority without prior approval of the local government and HLURB when the resulting number of lots is	less than ten (10)
A subdivision project with a gross area of less than _ is not required to have open space for a park	1 hectare
Subdivision projects approved under the BP 220 are classified into two types	Economic Subdivision Socialized Subdivision
Current fair market value of the raw land and its land development cost	Project cost
A document granting authority to any registered owner/developer to sell lots or units within an approved subdivision or condominum project and providing for the duties and obligations of said owner or developer	License to Sell
In a joint venture the stipulated percentage of sharing between the landowner and the developer is implemented by:	Sharing of sales proceeds sharing of salable units or a combination of the above
Realty Installment Buyer Act	RA 6552
RA 6552	Realty Installment Buyer Act
Maceda Law	RA 6552 Realty Installment Buyer Act
RA 6552 Realty Installment Buyer Act	Maceda Law
Development of a memorial park is covered by what law?	PD 957
Agencies involved in the National Shelter Program	NHMFC HLURB HGC NHA HDMF
NHMFC	National Home Mortgage Finance Corporation
HLURB	Housing and Land Use Regulatory Board
HGC	Home Guaranty Corporation
NHA	National Housing Authority
HDMF	Home Development Mutual Fund
Land development intended primarily for intensive agricultural activities and secondarily for housing	Farmlot Subdivision
Minimum lot area for farm lots	1000 m²
Minimum frontage of farm lots	20 m
Maximum buildable area for farm lots	25%
Lots for industrial activities and production	Industrial lots
Purchase by a person of more than one salable lot within an approved subdivision for the purpose of reselling them with or without alteration	Bulk buying
Under BP 220 maximum headroom clearance if ceilings are not provided	2m
Under BP 220 mezzanine floors shall have a clearing height of _ above and below it. It should not cover _ of the floor area below it.	1.8 m 50%
Under BP 220 minimum clear widths for main door	0.8 m
Under BP 220 minimum clear widths for service or bedroom door	0.7 m
Under BP 220 minimum clear widths for bathroom door	0.6 m
Industrial estate	Industrial subdivision
Industrial subdivision	Industrial estate
Under BP 220 openings for windows should be at least _	10% of floor area
Under BP 220 openings for bathroom windows should be _	at least 20% of floor area
Under BP 220 stairs should have a minimum width of	0.6 m
Under BP 220 stairs should have a maximum riser of	0.25 m
Under BP 220 stairs should have a minimum tread of	0.2 m
Under BP 220 maximum height between stair landings	3.6 m
Use limited to the provision of resting places for cremated human remains of the religious/members of congregation such as but not limited to priests ministers pastors and the like and their spouses if applicable	Ancillary use
Ashes resulting from the cremation of a dead body	Cinerary remains cremains
A structure either freestanding or part of another building containing niches for the inurnment of human remains	Columbarium
A process that reduces human remains to bone fragments of sand-like substance and ashes through combustion and dehydration	Cremation
Disportion of human remains by burial in the earth entombment in a mausoleum or inurnment in a columbarium	Internment
Placing of cremated remains in an urn	Inurnment
Compartment used as internment space	Niche
A niche in a columbarium project	Cinerarium vault
Internment space for the bones	Ossuary
A subdivision scheme where the resulting blocks are more or less rectangular in shape	Gridiron Subdivision
A subdivision plan prepared for a flat terrain condition	Square planning
Subdivision developers are required to develop a portion of the gross area of the project inclusive of road alleys and other service areas for park and recreation Equivalent to _ of the gross area of the land	30%
A certificate issued by the HLURB that is proper only upon compliance with §4 of PD 957 and other similar provisions of the various rules. It vests legal status in a project such that its name may be changed onlly upon proper application and publication a	Certificate of Registration
Pag-IBIG	Pagtutulungan sa Kinabukasan: Ikaw Bangko Industriya at Gobyerno
Pagtutulungan sa Kinabukasan: Ikaw Bangko Industriya at Gobyerno	Pag-IBIG
Pag-IBIG Fund	HDMF Home Development Mutual Fund
Housing and Urban Development Coordinating Council	HUDCC
A subdivision plan prepared for a rolling terrain condition	Curvilinear layout
_ is a survey map indicating the elevation and contour of the property.	Topographic map
Topographic map is a survey map indicating the_ and contour of the property.	Elevation
Topographic map is a survey map indicating the elevation and_ of the property.	Contour
A scale of 1:200 in surveying is_ is equal to 2 m.	1 cm
A scale of 1:200 in surveying is 1 cm is equal to_ .	200cm 2 m
A kind of survey where the shape of the earth is taken into account in computing the results	Geodetic Survey
Refers to the imaginary line connecting from a reference point to point "1" of any given lot plan	Tie Line
The following are types of property descriptions ordinarily used in deeds contracts offer to sell and lease except: A. Lot number B. Bearing and azimuth C. Monuments D. Rectangular survey E. Metes and bounds	B. Bearing and azimuth these are just angles and do not describe anything else
A standard term used to a fixed object or as reference point established and set by a geodetic engineer to indentify the land boundaries	Cylindrical Concrete Monument
Survey symbols that represent the subdivision survey by private geodetic engineer	Psd
Which of the following reasons is not a valid justification to conduct a topographic survey? A. As a basis for determining the cost of land development B. As a basis for establishing points and locating the land boundaries C. As a basis for designin	B. As a basis for establishing points and locating the land boundaries
A land survey always uses a reference point which could be: A) Bureau of Lands Location Monument B) Municipal Location Monument C) Provincial Boundary Monument D) City Boundary Monument E) All of the above	E) All of the above
A map that shows the location of the property indicating known landmarks such as church bridge school commercial establishment and name of roadways leading to the property	Location Map
A kind of survey in which photographs are used to determine the configuration of land man-made and natural features	Photogrammetry Survey
In an approved lot plan you will never find a direction described as: A) N 78 deg. 27" E B) S 1 deg. 78" E C) N 92 deg. 37' 40" E D) Due North	C) N 92 deg. 37' 40" E directions must be in the range (0 90) excluding both 0 and 90
In some old Spanish titles the unit of measure of 1 are is equivalent to	100 m²
To plot a given property the basic data needed are the_ and distance of the lines indicated in the lot descriptions.	Bearing
To plot a given property the basic data needed are the bearing and_ of the lines indicated in the lot descriptions.	Distance
A tract of agricultural land measuring 2 hectares 86 ares and 700 centares has a total area of _.	29 300 m² 2.93 hectares
A professional person who determines the shape contour and measurement of land	Geodetic Engineer
_ refers to a subdivision plan where the resulting blocks are rectangular in shape.	Gridiron layout
Gridiron layout refers to a subdivision plan where the resulting blocks are_ in shape.	Rectangular
The first survey undertaken on a piece of land to determine its technical descriptions area and relative location with other lands	Original Survey
The technical description in the TCT of real property can be readily plotted on a sheet of paper by using what kind of data?	Bearing distances from lot points
Lines in a topographic map which indicate the elevation of the terrain at various sections	Contour lines
Methods of identifying the boundaries of a parcel of land by placing stakes or pins in the ground or by pointing marks on stone wall or rocks	Relocation Survey
BLLM	Bureau of Lands Location Monument
Using the 4-3-2-1 rule (depth rule) a 5 hectare belonging to different owners was sold for ₱ 5 000 000.00. What is the share of lot owners owning the first quarter abutting the road?	₱ 2 000 000.00
Fixed objects and points established by the surveyors to establish land locations	Tie Point
Survey of wide extent within a municipality or a province for the purpose of locating property lines in connection with existing ownership	Cadastral Survey
A reference point with known geographic position established by the Bureau of Lands	Tie Point
BLBM	Bureau of Lands Barrio Monument
Pls	Public Land Subdivision
A map showing the configuration of a parcel of land and also the basic information of a survey plan	Lot Plan
A plan showing how a property will be subdivided indicating the layout and sizes of the subdivision lots roads playgrounds open spaces and other amenities	Subdivision Scheme
The accurate measurement of land to determine its boundaries its area and its contours or elevation	Surveying
A_ survey are done by the government	Public
A public survey are done by the_	Government
PBM	Provincial Boundary Monument
The amount of family home equivalent to fair market value considered as allowable deduction from the estate of a decedent	₱ 1 000 000
In payment of estate tax an allowed deduction to the gross estate of a decedent is funeral expense which is_ of gross estate or ₱200000 whichever is lower.	5%
In payment of estate tax an allowed deduction to the gross estate of a decedent is funeral expense which is 5% of gross estate or_ whichever is lower.	₱200 000
The Estate Tax Return shall be filed with the BIR within_	(6) months from decedent's death. However, the Commissioner may, in meritorious cases, grant extension not exceeding thirty (30) days.
Real estate brokers with an aggregate income of_ within a 12-month period are required to register as VAT taxpayers.	₱720 000 or more
Real estate brokers with an aggregate income of ₱720 000 or more within a_ period are required to register as VAT taxpayers.	12-month
Real estate brokers with an aggregate income of ₱720 000 or more within a 12-month period are required to register as_ taxpayers.	VAT
Documentary Stamp Tax for sale of real estate	₱15 for every ₱1000 or fraction thereof
Documentary stamp tax for mortgages	₱20 for first ₱5000 ₱10 for every ₱5 000 thereafter
Documentary tax for lease	₱3 for first ₱2 000 ₱1 for every ₱1 000 thereafter
A real estate property with an LTS and classified as ordinary asset was sold for ₱3.6 million. Compute the following: A) creditable withholding tax B) commissionable amount if the commission rate is 6% C) documentary stamp tax D) transfer tax if p	A) ₱3600000 / 1.12 × 5% = ₱160 714.28 B) ₱3600000 / 1.12 × 6% = ₱192 857.14 C) ₱3600000 / 1.12 = ₱3 214 285. 3 215 × ₱15 = ₱48 225 D) ₱3 600 000 / 1.12 × 0.5 % = ₱16 071.43
During the entire year of 2013 monthly rent income of a commercial building is ₱180 000 per month. How much is the output tax if the rent is exclusive of VAT? What if it is inclusive?	exclusive: ₱180 000 × 0.12 × 12 = ₱ 259 200 inclusive: ₱180 000 × (1-1/1.12) × 12 = ₱231 428.57
A broker sold a subdivision lot priced at ₱5 500 000 inclusive of E-VAT. How much is the 5% commission of the broker net of creditable withholding tax?	₱5 500 000 / 1.12 × 5% × (1-10%) = ₱220 982.14
BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for individuals earning purely compensation income?	BIR Form No. 1700
BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for self-employed individuals	estates and trusts?
BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for corporations partnerships and other non-individual taxpayers subject to regular income tax?	BIR Form No. 1702RT
BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for corporations partnerships and other non-individual taxpayers exempted under the Tax Code as amended?	BIR Form No. 1702EX
BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for corporations partnerships and other non-individual taxpayers with mixed income?	BIR Form No. 1702MX
A legal remedy under Philippine law which provides for the protection of one's right to a "balanced and healthful ecology in accord with the rhythm and harmony of nature" as provided in § 16 Article II of the Philippine Constitution	Writ of Kalikasan
It is compared with the writ of amparo but protects one’s right for a healthy environment rather than constitutional rights	Writ of Kalikasan
Using the 4-3-2-1 rule (depth rule) a 5 hectare belonging to different owners was sold for ₱ 10 000 000. What is the share of lot owners owning the second quarter abutting the road?	₱3 000 000
Using the 4-3-2-1 rule (depth rule) a 5 hectare belonging to different owners was sold for ₱ 10 000 000. What is the share of lot owners owning the third quarter abutting the road?	₱2 000 000
Using the 4-3-2-1 rule (depth rule) a 5 hectare belonging to different owners was sold for ₱ 10 000 000. What is the share of lot owners owning the last quarter abutting the road?	₱1 000 000
Lays out basic requirements for lender underwriting. The originator of the loan must verify all sources of income and assets and verify that the borrower has the ability to repay the mortgage.	Qualified Mortgage Rule QM
Based on § 15 of RA 8763 socialized housing price ceilings are set by_ and_	HUDCC NEDA
RA 9700	Comprehensive Agrarian Reform Program Extension with Reforms CARPER August 7 2009
CARPER	RA 9700 Comprehensive Agrarian Reform Program Extension with Reforms August 7 2009
RA 6657	Comprehensive Agrarian Reform Program CARP June 10 1988
CARP	RA 6657 Comprehensive Agrarian Reform Program June 10 1988

Created by: dgr

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