DGRDGR Re Review
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | 40 years
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A person who determines the land value | show 🗑
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show | A person who determines the land value
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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? | show 🗑
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show | except: A) contribution B) demand C) purchasing value D) scarcity E) utility
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show | Principle of Conformity
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show | Market Data Approach
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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 | show 🗑
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The income approach to value is an application of the principle of | show 🗑
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show | Principle of Competition
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show | Age-Life Method Straight Line of Depreciation
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show | Principle of Progression
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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_ | show 🗑
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show | ₱25 632 000 (Based on Gross Income Multiplier)
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show | C) Infilltration
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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 | show 🗑
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show | B) Exchange Value
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The increase in value of real estate without any expense of the owner is | show 🗑
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show | Highest and Best Use
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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 | show 🗑
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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 | show 🗑
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show | Buyer's Equity
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show | Utility
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show | C) Assessed Value indicated in the Tax Declaration
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show | Abstraction or Extraction
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show | Actual Age or historical age or Chronological Age
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A method of computing accrued depreciation in which the cost of a building is depreciated at a fixed annual percentage rate | show 🗑
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show | Appraisal
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show | Appraisal
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show | Appraisal
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show | Cost Approach Income Approach and Market Data Approach
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show | Appraiser's Report
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show | at Arm's Length Transaction
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show | Economic obsolescence external obsolescence
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show | Encroachment
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The age of a building based on the actual wear and tear and maintenance or lack of it that the building has received | show 🗑
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The period of time during which a structure may reasonably by expected to perform the function for which it was designed or intended | show 🗑
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For appraisal purposes loss in value due to any cause including physical deterioration functional obsolescence and external obsolescence | show 🗑
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Kinds of depreciation in appraisal : | show 🗑
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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 | show 🗑
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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. | show 🗑
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The principle that buildings should be similar in design construction and age to other buildings in the neighborhood to enhance appeal and value | show 🗑
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show | Principle of Competition
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show | Comparables
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The principle that no physical or economic condition ever remains constant | show 🗑
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show | Functional Obsolescence
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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 | show 🗑
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show | Ground Rent
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show | Highest and Best Use
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show | Index Method
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The lessor's interest and rights in the real estate being leased | show 🗑
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The leasee's right to possess and use real estate during the term of a lease. This is generally considered a personal property interest . | show 🗑
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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 | show 🗑
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show | Plottage Value
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show | Percentage Lease
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A lease that stipulates a base monthly rental plus a percentage of any gross sales exceeding a certain amount | show 🗑
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show | Economic Life
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show | Replacement Cost
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show | Cost Reproduction New
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Ownership interest of a sublease | show 🗑
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show | subdivision development method land development method
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The rate at which properties will sell | show 🗑
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Total income that the project will produce | show 🗑
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The basic appraisal premise that the market value of real estate is influenced by the cost of acquiring a suitable or comparable property | show 🗑
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A principle that the value of a commodity will rise as demand increases and/or supply decreases | show 🗑
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show | Underimprovement
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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 | show 🗑
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show | B) An Appraisal
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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 | show 🗑
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show | B) Market Price
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show | Open Listing
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show | 1
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show | Listing
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show | Commission
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show | Profit
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show | Seller
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Option is a contract between a seller and a _ . | show 🗑
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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 | show 🗑
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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 | show 🗑
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_ is an agreement by which the listing broker is entitled to his broker's fee even if the principal/seller sold the property himself. | show 🗑
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show | Condominium Project
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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. | show 🗑
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show | Registry of Deeds
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show | the life a condominium corporation is _ .
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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 _ | show 🗑
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show | Simple Majority
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show | A) number of condominium units
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show | One-half or More
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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. | show 🗑
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show | B) unit area divided by the total area of all condominium units
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show | C) equal to all other unit owners
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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 | show 🗑
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show | City/Municipal Engineer
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show | HLURB
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show | Torrens title TCT or OCT
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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 | show 🗑
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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. | show 🗑
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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. | show 🗑
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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. | show 🗑
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show | Condominium
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show | Vertical Subdivision
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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 | show 🗑
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show | Condominium Act June 18 1966
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Condominium Act | show 🗑
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Condominium developers are mandated to form a: A) cooperative B) charitable organization C) condominium corporation D) one level rowhouse E) none of the above | show 🗑
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show |
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Condominium title is also called | show 🗑
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For the purpose of _ a condominium unit owner has non-exclusive easement to the common area. | show 🗑
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show | Non-Exclusive Easement
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For the purpose of ingress and egress | show 🗑
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show | 40%
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40% of the units of a condominium project may be sold to_ . | show 🗑
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The organization of a_ is always mandatory in a condominium project. | show 🗑
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The organization of a condominium corporation is always mandatory in a_ . | show 🗑
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A_ is a part of a condominium project intended for any type of independent use or ownership. | show 🗑
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show | Independent use or ownership
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Whenever the_ in a condominium project are held by a condominium corporation such corporation shall constitute the management body of the project. | show 🗑
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Whenever the common areas in a condominium project are held by a condominium corporation such corporation shall constitute the_ of the project. | show 🗑
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show | Declaration of Restrictions
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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_ . | show 🗑
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show | Option
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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. | show 🗑
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show | Quieting of Title
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The best evidence of land/property ownership under the Philippine system of registration | show 🗑
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show | Abstract of Title
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show | Attachment
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show | Petition for the Issuance of Owner's Duplicate Certificate of Title
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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 | show 🗑
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show | Rule 74 of the Rules of Court creditors heirs two (2) years
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show | Administrative Reconstitution at least 10% not less than 500
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show | Torrens Title
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The best evidence of fee simple is a Torrens Title because it is_ and imprescriptible. | show 🗑
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The best evidence of fee simple is a Torrens Title because it is indefeasible and_ . | show 🗑
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show | 30 days not allowed
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show | Adverse Claim
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show | Lien
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show | Lis Pendens
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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 | show 🗑
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show | Encumbrance
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Refers to money encumbrances that make the property security for the payment of a debt or obligations such as mortgages and taxes | show 🗑
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show | Cloud on Title
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cloud on title | show 🗑
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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 | show 🗑
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show | Fee Simple Absolute Ownership
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show | Absolute Ownership
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Absolute Ownership | show 🗑
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show | Writ of Execution
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show | e) Statutory liens It is "already understood" to be there as it is "statutory"
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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 | show 🗑
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show | c) public plaza converted into a housing project
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show | Spanish titles
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show | Taxes
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show | Land Registration Act February 1 1903
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PD 1529 | show 🗑
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The _ heads the office of the Registry of Deeds | show 🗑
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The Registrar of Deeds heads the office of the _ | show 🗑
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Under PD 1529 each _ and _ is required to have a Registry of Deeds. | show 🗑
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show | Original
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An Original Certificate of Title is issued by the _ | show 🗑
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show | Authority of the Court
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show | Land Registration
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Land Registration is done in the office of the _ of the city or province where the property is located. | show 🗑
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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 | show 🗑
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show | Judicial Registration
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show | Regional Trial Courts
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show | Regional Trial Court
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Court of First Instance | show 🗑
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show | RA 496 Land Registration Act February 1 1903 PD 1529 Property Registration Decree June 11 1978
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show | Transfer
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show | Registry of Deeds
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The registration of land instituted by the applicant under the provisions of RA 496 or PD 1529 | show 🗑
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The registration effected at the instance of the State under provision of the RA 2259 with pertinent provisions of RA 496 and PD 1529 | show 🗑
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show | Locational Clearance
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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 _ | show 🗑
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show | Conversion
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show | Agricultural Land
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show | Department of Agrarian Reform DAR
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show | at least 1 000 persons per square kilometer
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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. | show 🗑
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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. | show 🗑
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show | Urban Land Reform Decree June 11 1978
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Division of community into function zones based on present and potential use of properties to regulate use and growth of properties per comprehensive plan | show 🗑
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Municipal or country regulation of land use within designated districts or zones | show 🗑
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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 | show 🗑
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show | Zoning
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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. | show 🗑
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show | PD 1517
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PD 1517 provided protection for legitimate tenants and requires clearance for development proposals and land transactions in proclaimed areas in_ and Bagong Lipunan sites | show 🗑
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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_ | show 🗑
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show | Socialized Housing One-Stop Processing Center SHOPC
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show | Town Plan
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show | Environmentally-Critical Project ECP
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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 | show 🗑
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show | Certificate of Non-Coverage
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Document allowing proponent to undertake a particular critical project in a critical area with various conditions | show 🗑
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show | Environmentally Critical Project ECP
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An area listed under PP 2146 | show 🗑
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show | Land Use Plan
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show | Environmental Impact Statement System EIS System
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show | Environmental Monitoring Fund EMF
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show | Environmental Risk Assessment ERA
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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 | show 🗑
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The proponent's technical staff or a competent professional group commissioned by the proponent to prepare the EIS/IEE and other related documents | show 🗑
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Any natural or juridical person intending to implement a project or undertaking | show 🗑
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A layer in the stratosphere level of 10km to 50km high that protects the Earth from deadly rays of the sun | show 🗑
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A city or municipality through an ordinance passed by the_ after conducting public hearings may reclassify lands. | show 🗑
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A city or municipality through an ordinance passed by the Sanggunian after_ may reclassify lands. | show 🗑
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show | Reclassify
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show | DENR HLURB LGU
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show | Environmentally Critical Area ECA
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show | B) Football field
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show | Zoning Ordinance ZO
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A proposal which forms part of comprehensive development plan | show 🗑
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show | Zoning Ordinance
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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 | show 🗑
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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. | show 🗑
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show | Power of Eminent domain just compensation
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Filling of submerged land by deliberate act of a government | show 🗑
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Money paid by the State when a public agency takes private property and converts it for public use | show 🗑
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show | Accretion
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An owner whose land abuts a river | show 🗑
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_ of the State is that which it own in its private capacity | show 🗑
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show | Private Capacity
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Rights in fee simple | show 🗑
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show | Agricultural land
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A kind of possession that is actual continuously adversarial visible and required as an element of prescription | show 🗑
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An encumbrance imposed upon an immovable for the benefit of another immovable belonging to another | show 🗑
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A former natural born Filipino can acquire not more than _ in the urban area for business purposes under RA 8179. | show 🗑
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show | Urban Area
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show | RA 8179
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show | Torrens Title
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Torrens Title is _ while possession is the exercise of the attribute of ownership. | show 🗑
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Torrens Title is proof of ownership while _ is the exercise of the attribute of ownership. | show 🗑
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show | Exercise of the Attribute of Ownership
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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 _. | show 🗑
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show | Easement and Servitude
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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 | show 🗑
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Lands escheated by the government is considered as | show 🗑
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show | Rights in Fee Simple
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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 | show 🗑
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show | Breach
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show | Right of Accession
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Latin "Let the buyer beware" | show 🗑
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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. | show 🗑
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Delay or negligence in asserting one's legal right | show 🗑
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show | Right of Eminent Domain
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Reversion of property to the state owing to lack of any heirs capable of inheriting or due to other causes provided by law | show 🗑
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show | Expropriation
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show | Police Power
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A deed of release or renunciation of a legal right Quitclaim | show 🗑
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show | Appurtenance
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The _ follows the principal. | show 🗑
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show | Principal
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The exercise of police power by the municipality or city in regulating and controlling the character and use of property | show 🗑
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show | Escheat
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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 | show 🗑
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Removal of land from one owner to another when a stream suddenly changes its channel | show 🗑
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show | Accretion
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Only Filipino citizens or corporations with _ of capital owned by a Filipino citizen can acquire land in the Philippines. | show 🗑
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show | Not more than 12 hectares
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In Philippine Law the equivalent of real estate is | show 🗑
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_ is the law that allows former natural born Filipinos to acquire residential lands in the Philippines under certain conditions. | show 🗑
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show | Residential
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show | RA 8179
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RA 8179 allows former natural born Filipinos to acquire lands for _ under certain conditions. | show 🗑
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show | Rural Land
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show | 5000 sqm for urban land 3 ha for rural land
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show | Inheritance
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show | Right of Survivorship
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show | Tenant's right of first refusal
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show | Public Grant
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Execution by the owner of the appropriate document transferring ownership to another | show 🗑
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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 | show 🗑
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show | Pactum Commissorium
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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 | show 🗑
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show | Pactum de non Aliendo
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An instrument wherein property is pledged as a debt security creating a lien on the property | show 🗑
|
||||
A kind of mortgage that can be paid even before maturity | show 🗑
|
||||
In case of doubt a contract purporting to be _ shall be construed as equitable mortgage | show 🗑
|
||||
show | Equitable Mortgage
🗑
|
||||
show | Assignment
🗑
|
||||
show | Sublease
🗑
|
||||
show | 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 _. | show 🗑
|
||||
If the lease period is_ then it must be made in writing. | show 🗑
|
||||
If the lease period is more than 1 year then it must be made _ . | show 🗑
|
||||
RA 7652 | show 🗑
|
||||
Investor Lease Act | show 🗑
|
||||
show | Lease Contract
🗑
|
||||
Amount paid by the lessee of a house a flat or business building | show 🗑
|
||||
Under the Rent Control Law the lessor may ask for a deposit rental not exceeding | show 🗑
|
||||
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 | show 🗑
|
||||
show | Tacita Reconduccion
🗑
|
||||
show | Implied new lease
🗑
|
||||
show | 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 | show 🗑
|
||||
A mortgage that covers two or more properties | show 🗑
|
||||
Under RA 8791 the maximum redemption period after extrajudicial foreclosure of a mortgage executed by a corporation in favor of a bank | show 🗑
|
||||
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. | show 🗑
|
||||
show | 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 | show 🗑
|
||||
show | Open End Mortgage
🗑
|
||||
show | Default
🗑
|
||||
Loss of money or anything of value due to failure to perform such as under an agreement to purchase | show 🗑
|
||||
show | 10 years
🗑
|
||||
show | Contract of Antichresis
🗑
|
||||
Payment of the debt or obligation with a property | show 🗑
|
||||
show | 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. | show 🗑
|
||||
A contract wherein the mortgagee receives the fruit of the property with the obligation to apply them in payment of the interest and principal | show 🗑
|
||||
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 | show 🗑
|
||||
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 | show 🗑
|
||||
In an extra-judicial foreclosure of mortgage of real estate acquired through homestead the redemption period is _ | show 🗑
|
||||
show | 1 year
🗑
|
||||
show | 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 | show 🗑
|
||||
show | Rule 68 of the Rules of Court
🗑
|
||||
show | Dacion en Pago
🗑
|
||||
show | 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 | show 🗑
|
||||
Payment in lump sum although not yet due | show 🗑
|
||||
show | Recorded in the Registry of Property
🗑
|
||||
show | 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 | show 🗑
|
||||
show | Rent Control Act July 29 2009
🗑
|
||||
show | 7%
🗑
|
||||
show | Statute of Frauds
🗑
|
||||
According to the Statute of Frauds contracts must be _ to be enforceable | show 🗑
|
||||
show | Enforceable
🗑
|
||||
Delay or negligence in asserting one's legal right | show 🗑
|
||||
A deed used to convey real property which warranties of title and quiet possessions warranty deed | show 🗑
|
||||
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 | show 🗑
|
||||
show | Option Contract
🗑
|
||||
show | Habendum Clause
🗑
|
||||
show | 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 | show 🗑
|
||||
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 | show 🗑
|
||||
show | Private Grant
🗑
|
||||
A contract which is merely an executory contract or a mere promise to sell with no transfer of ownership | show 🗑
|
||||
A _ is to Deed of Absolute Sale; A Contract to Sell is to Deed of Conditional Sale | show 🗑
|
||||
show | Deed of Absolute Sale
🗑
|
||||
show | Contract to Sell
🗑
|
||||
A Contract of Sale is to Deed of Absolute Sale; A Contract to Sell is to _ | show 🗑
|
||||
The portion of a deed of conveyance transferring specific interest in the property | show 🗑
|
||||
A document which transfers conveys and assigns a real estate property from the owner to the buyer | show 🗑
|
||||
show | Contract to Sell
🗑
|
||||
_ is not subject to any condition and the title passes to the buyer upon delivery of the thing sold. | show 🗑
|
||||
Things having a potential existence may be the object of a _ | show 🗑
|
||||
show | 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 | show 🗑
|
||||
show | Contract to Sell
🗑
|
||||
show | C) Financial statement of the corporation standard form contract take-it-or-leave-it contract Contract of Adhesion
🗑
|
||||
show | 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. | show 🗑
|
||||
No foreigner may be admitted to take the board exam nor be given certificate to operate in the Philippines unless there is_ . | show 🗑
|
||||
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 _. | show 🗑
|
||||
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. | show 🗑
|
||||
show | 3 years
🗑
|
||||
show | Real Estate Salesperson
🗑
|
||||
show | Real Estate Service
🗑
|
||||
A real estate salesperson is a duly accredited natural person by PRC who performs real estate service in behalf of a _ . | show 🗑
|
||||
_ is the accredited and integrated professional organization by PRC. | show 🗑
|
||||
show | 3 years
🗑
|
||||
show | ₱ 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_ . | show 🗑
|
||||
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. | show 🗑
|
||||
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. | show 🗑
|
||||
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. | show 🗑
|
||||
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. | show 🗑
|
||||
show | No
🗑
|
||||
show | 3 years
🗑
|
||||
show | 120
🗑
|
||||
show | 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 | show 🗑
|
||||
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 | show 🗑
|
||||
show | Accreditation
🗑
|
||||
show | Actual Knowledge
🗑
|
||||
show | 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. | show 🗑
|
||||
show | Annual Reportorial
🗑
|
||||
show | 20
🗑
|
||||
show | Full-Time
🗑
|
||||
show | Duly Licensed
🗑
|
||||
show | 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 | show 🗑
|
||||
show | Rising Sun
🗑
|
||||
show | Gold
🗑
|
||||
show | RA 9646 or RESA Law July 29 2009
🗑
|
||||
show | RESA Law Real Estate Service Act July 29 2009
🗑
|
||||
show | The Board
🗑
|
||||
The Board refers to the_ | show 🗑
|
||||
Real Estate Service Practitioners shall refer to_ . | show 🗑
|
||||
show | Appraiser
🗑
|
||||
show | Assessor
🗑
|
||||
_ shall refer to real estate consultants appraisers brokers and salespersons. | show 🗑
|
||||
_ refers to duly registered and licensed natural person who for a professional fee acts as an agent for a real estate transaction. | show 🗑
|
||||
show | 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. | show 🗑
|
||||
_ 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 | show 🗑
|
||||
The Board shall adopt and promulgate the Code of Ethics and Responsibilities for real estate practitioners which shall be prescribed by the_ . | show 🗑
|
||||
show | 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 | show 🗑
|
||||
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_ . | show 🗑
|
||||
show | 3 years
🗑
|
||||
show | ₱ 10000
🗑
|
||||
show | 4 years
🗑
|
||||
show | Prosecutors
🗑
|
||||
show | 45
🗑
|
||||
show | A) Implementing Requirements and Rules of RA 9646
🗑
|
||||
show | 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 | show 🗑
|
||||
show | 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 | show 🗑
|
||||
show | D) Land - prime rice land red - alertness vigilance
🗑
|
||||
show | Police
🗑
|
||||
show | The Subdivision and Codominium Buyers' Protective Decree
🗑
|
||||
show | PD 957
🗑
|
||||
show | License to Sell
🗑
|
||||
Highest selling price for a house and lot package under Economic Housing | show 🗑
|
||||
Highest selling price for a house and lot package under Socialized Housing | show 🗑
|
||||
show | 1 year
🗑
|
||||
show | Witness license number expiry date
🗑
|
||||
show | EO # 90
🗑
|
||||
show | HUDCC Housing and Urban Development Coordinating Council
🗑
|
||||
show | 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 | show 🗑
|
||||
show | Sole Proprietorship
🗑
|
||||
show | Sole Proprietorship
🗑
|
||||
show | Project
🗑
|
||||
One of a series of individual homes having architectural unity and a common wall between each unit | show 🗑
|
||||
show | Townhouse
🗑
|
||||
show | Rowhouse
🗑
|
||||
show | Deed Restrictions
🗑
|
||||
Refers to the indentation along corner lot to provide better visibility to pedestrian traffic | show 🗑
|
||||
The Articles of Incorporation of the Homeowner's Association is registered with the _ | show 🗑
|
||||
The Articles of Incorporation of the Condominum Corporation is registered with the _ | show 🗑
|
||||
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 | show 🗑
|
||||
A subdivision project with a gross area of less than _ is not required to have open space for a park | show 🗑
|
||||
show | Economic Subdivision Socialized Subdivision
🗑
|
||||
Current fair market value of the raw land and its land development cost | show 🗑
|
||||
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 | show 🗑
|
||||
show | Sharing of sales proceeds sharing of salable units or a combination of the above
🗑
|
||||
Realty Installment Buyer Act | show 🗑
|
||||
RA 6552 | show 🗑
|
||||
Maceda Law | show 🗑
|
||||
show | Maceda Law
🗑
|
||||
show | PD 957
🗑
|
||||
show | NHMFC HLURB HGC NHA HDMF
🗑
|
||||
show | National Home Mortgage Finance Corporation
🗑
|
||||
HLURB | show 🗑
|
||||
HGC | show 🗑
|
||||
show | National Housing Authority
🗑
|
||||
show | Home Development Mutual Fund
🗑
|
||||
show | Farmlot Subdivision
🗑
|
||||
show | 1000 m²
🗑
|
||||
show | 20 m
🗑
|
||||
Maximum buildable area for farm lots | show 🗑
|
||||
show | Industrial lots
🗑
|
||||
show | Bulk buying
🗑
|
||||
Under BP 220 maximum headroom clearance if ceilings are not provided | show 🗑
|
||||
show | 1.8 m 50%
🗑
|
||||
Under BP 220 minimum clear widths for main door | show 🗑
|
||||
Under BP 220 minimum clear widths for service or bedroom door | show 🗑
|
||||
show | 0.6 m
🗑
|
||||
Industrial estate | show 🗑
|
||||
Industrial subdivision | show 🗑
|
||||
Under BP 220 openings for windows should be at least _ | show 🗑
|
||||
show | at least 20% of floor area
🗑
|
||||
show | 0.6 m
🗑
|
||||
show | 0.25 m
🗑
|
||||
Under BP 220 stairs should have a minimum tread of | show 🗑
|
||||
Under BP 220 maximum height between stair landings | show 🗑
|
||||
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 | show 🗑
|
||||
show | Cinerary remains cremains
🗑
|
||||
show | Columbarium
🗑
|
||||
A process that reduces human remains to bone fragments of sand-like substance and ashes through combustion and dehydration | show 🗑
|
||||
Disportion of human remains by burial in the earth entombment in a mausoleum or inurnment in a columbarium | show 🗑
|
||||
Placing of cremated remains in an urn | show 🗑
|
||||
show | Niche
🗑
|
||||
show | Cinerarium vault
🗑
|
||||
Internment space for the bones | show 🗑
|
||||
show | Gridiron Subdivision
🗑
|
||||
show | Square planning
🗑
|
||||
show | 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 | show 🗑
|
||||
show | Pagtutulungan sa Kinabukasan: Ikaw Bangko Industriya at Gobyerno
🗑
|
||||
Pagtutulungan sa Kinabukasan: Ikaw Bangko Industriya at Gobyerno | show 🗑
|
||||
Pag-IBIG Fund | show 🗑
|
||||
Housing and Urban Development Coordinating Council | show 🗑
|
||||
A subdivision plan prepared for a rolling terrain condition | show 🗑
|
||||
show | Topographic map
🗑
|
||||
Topographic map is a survey map indicating the_ and contour of the property. | show 🗑
|
||||
Topographic map is a survey map indicating the elevation and_ of the property. | show 🗑
|
||||
show | 1 cm
🗑
|
||||
A scale of 1:200 in surveying is 1 cm is equal to_ . | show 🗑
|
||||
show | Geodetic Survey
🗑
|
||||
show | 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 | show 🗑
|
||||
A standard term used to a fixed object or as reference point established and set by a geodetic engineer to indentify the land boundaries | show 🗑
|
||||
show | Psd
🗑
|
||||
show | B. As a basis for establishing points and locating the land boundaries
🗑
|
||||
show | 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 | show 🗑
|
||||
A kind of survey in which photographs are used to determine the configuration of land man-made and natural features | show 🗑
|
||||
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 | show 🗑
|
||||
In some old Spanish titles the unit of measure of 1 are is equivalent to | show 🗑
|
||||
To plot a given property the basic data needed are the_ and distance of the lines indicated in the lot descriptions. | show 🗑
|
||||
To plot a given property the basic data needed are the bearing and_ of the lines indicated in the lot descriptions. | show 🗑
|
||||
show | 29 300 m² 2.93 hectares
🗑
|
||||
show | Geodetic Engineer
🗑
|
||||
_ refers to a subdivision plan where the resulting blocks are rectangular in shape. | show 🗑
|
||||
Gridiron layout refers to a subdivision plan where the resulting blocks are_ in shape. | show 🗑
|
||||
The first survey undertaken on a piece of land to determine its technical descriptions area and relative location with other lands | show 🗑
|
||||
The technical description in the TCT of real property can be readily plotted on a sheet of paper by using what kind of data? | show 🗑
|
||||
Lines in a topographic map which indicate the elevation of the terrain at various sections | show 🗑
|
||||
show | Relocation Survey
🗑
|
||||
BLLM | show 🗑
|
||||
show | ₱ 2 000 000.00
🗑
|
||||
show | Tie Point
🗑
|
||||
show | Cadastral Survey
🗑
|
||||
show | Tie Point
🗑
|
||||
show | Bureau of Lands Barrio Monument
🗑
|
||||
Pls | show 🗑
|
||||
show | Lot Plan
🗑
|
||||
show | Subdivision Scheme
🗑
|
||||
show | Surveying
🗑
|
||||
show | Public
🗑
|
||||
A public survey are done by the_ | show 🗑
|
||||
show | Provincial Boundary Monument
🗑
|
||||
show | ₱ 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. | show 🗑
|
||||
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. | show 🗑
|
||||
The Estate Tax Return shall be filed with the BIR within_ | show 🗑
|
||||
Real estate brokers with an aggregate income of_ within a 12-month period are required to register as VAT taxpayers. | show 🗑
|
||||
show | 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. | show 🗑
|
||||
Documentary Stamp Tax for sale of real estate | show 🗑
|
||||
Documentary stamp tax for mortgages | show 🗑
|
||||
show | ₱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 | show 🗑
|
||||
show | exclusive: ₱180 000 × 0.12 × 12 = ₱ 259 200 inclusive: ₱180 000 × (1-1/1.12) × 12 = ₱231 428.57
🗑
|
||||
show | ₱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? | show 🗑
|
||||
BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for self-employed individuals | show 🗑
|
||||
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? | show 🗑
|
||||
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? | show 🗑
|
||||
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? | show 🗑
|
||||
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 | show 🗑
|
||||
It is compared with the writ of amparo but protects one’s right for a healthy environment rather than constitutional rights | show 🗑
|
||||
show | ₱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? | show 🗑
|
||||
show | ₱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. | show 🗑
|
||||
Based on § 15 of RA 8763 socialized housing price ceilings are set by_ and_ | show 🗑
|
||||
RA 9700 | show 🗑
|
||||
CARPER | show 🗑
|
||||
show | Comprehensive Agrarian Reform Program CARP June 10 1988
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CARP | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
dgr