PAST EXAMINATION QUESTIONS: SET E

1. A land survey always uses a reference point which could be:

a. Bureau of Lands Location Monument c. Provincial Boundary
Monument
b. Municipal Location Monument d. City Boundary Monument
e. All of the above
2. Amendment to the master deed of a condominium proect approved by maority of re!istered
unit owners shall be based on:
a. "umber of condominium units c. #otal area of condominium
units
b. $loor area of ownership d. Any of the above
%. &ane' owner of a 1()door apartment rented a unit to *mma for a payment for one year.
+nder the law on lease'
*mma' without the consent of &ane' may perform any of the followin! acts' e,cept:
a. -ublease the unit
b. Assi!n his ri!hts
c. -uspend payment if &ane fails to ma.e the necessary repairs
d. /emand payment reimbursement constitutin! one half the value of the useful
improvement
introduce in !ood faith.
0. 1n case of sale of real property paid under deferred payment basis' the payment of the
documentary stamp ta, shall
accrue upon.
a. "otari2ation of #ransfer document c. *,ecution of Contract to -ell
b. *,ecution of the /eed of Absolute -ale d. Payment of the full amount
3. A principle of ownership which mandates property owners to use their property in a manner
that will promote not only their interest but also the !eneral welfare.
a. Principle of social ustice c. -tewardship principle
b.. Principle of pro!ression d. Principle of conformity
4. +nder B15 5evenue 5e!ulation "o. 16)2((%' the seller of family home who failed to utili2e the
proceeds of the sale to ac7uire a new residence within 18 months from the sale shall be
assessed additional de9ciency capital !ains inclusive of penalties and:
a. 1(: interest per annum c. 13: interest per annum
b. 23: interest per annum d. 2(: interest per annum
6. +nless e,tended for usti9able cause' the period of completion of development of a
subdivision proect' counted from issuance of license to sell' is:
a. -i, months c. *i!hteen months
b. #welve months d. #wenty)four months
8. #he rate of return earned by an investor which does not include allowance for capital
recovery is:
a. /iscount rate c. 5ecapture rate
b. 1nterest rate d. 1nvestment rate
;. <as ruled that all a!ricultural lands that are already classi9ed as commercial' industrial or
residential before &une 13' 1;88 no lon!er need any conversion clearance even if it is still
devoted to a!ricultural activity
a. 5epublic Act 4436 c. 5A 626;
b. /=& =pinion "o. 00' -eries of 1;;( d. P/ 26
1(. +npaid real property ta, is subect to 2: per month interest' up to a ma,imum period of
a. 12 months c. %4 months
b. 20 months d. until paid
11. $ilipino citi2ens can ac7uire by patent a!ricultural lands of the public domain not
e,ceedin!:
a. $ive hectares c. #en hectares
b. -even hectares d. #welve hectares
12. A former natural)born $ilipino citi2en can ac7uire urban land for business purpose no
e,ceedin!:
a. 1'((( s7. m. c. 3'((( s7m
b. 1('((( s7. m. d. % hectares
1%. 1t is a le!al principle that if at the end of the lease period the lessee continues occupancy
with the
ac7uiescence of the lessor and without notice to vacate' it is understood that there is an
implied
new lease.
a. Pactum de non aliendo c. Pactum Commissorium
b. Pacto de retro d. #acita 5econducta
10. An authority !iven by the developer to a bro.er to loo. for a supplier of bac.9llin!
materials who shall be paid with developed lot is:
a. Procurement a!ency c. *,chan!e a!ency
b. >eneral bro.era!e d. -ales a!ency
13. An a!reement where the consideration of a contract is deposited with a third party who is
authori2ed to release said consideration to the seller after the latter has compiled with
certain condition is:
a. =ption c. Contract to sell
b. *scrow d. <old)over)clause
14. A contract where real estate is hypothecated to secure an obli!ation where the creditor is
!iven the ri!ht to possess the property and collect the fruits thereof is .nown as:
a. *7uitable mort!a!e c. Antichresis
b. 5eal estate mort!a!e d. Blan.et mort!a!e
16. 1t a deceased owner of a land died intestate without any debt or obli!ation' the document
to be e,ecuted to transfer title to the sole heir is:
a. *,traudicial settlement of estate c. /eed of /onation
b. A?davit of adudication d. /eed of conveyance
18. A former natural born $ilipino citi2en may in addition to ac7uirin! residential land under B.P.
183 may still ac7uire land for business or other purposes under 5.A. 816; provided the
area does not e,ceed
a. =ne @1A hectare of urban land or 2 hectares of rural land
b. 3'((( s7uare meters of urban land or % hectares of rural land
c. 3'((( s7uare meters of urban land or 3 hectares of rural land
d. 1'((( s7uare meters of urban land or % hectares of rural land
1;. Per B15 28);8' the !round Boor of a condominium proect shall be considered as
commercial and an additional rate shall be added to an established residential 2onal
value.
a. 1(: b. 2(: c. 23: d. 13:
2(. #he rate of real estate ta, in municipalities within Metro Manila is not more than:
a. =ne)half percent of assessed value
b. #wo and a half percent of assessed value
c. =ne percent of assessed value
d. #wo percent of assessed value
21. 1n payment of estate ta,' an allowed deduction to the !ross estate of a decedent is funeral
e,pense which is
a. 3: of !ross estate or P2(('(((.(( whichever is lower
b. 3: of !ross estate or P2(('(((.(( whichever is hi!her
c. 1(: of !ross estate or P2(('(((.(( whichever is lower
d. 1(: of !ross estate or P2(('(((.(( whichever is hi!her
22. -pouses who were married after the eCectivity of the $amily Code without any pre)nuptial
a!reement
shall be !overned by:
a. Conu!al partnership of !ains
b. Absolute separation of property
c. Absolute community of property
d. any of the above
2%. #he followin! persons are dis7uali9ed to become lessee' e,cept:
a. Lawyers with respect to property of their clients under liti!ation which they
ta.e part.
b. *,ecutors and administrators of properties
c. <usband and wife when there is separation of property in marria!e settlement
and when there is udicial separation of property
d. >uardian with respect to property of ward under !uardianship
20. #he priority ri!ht of a tenant to buy the land located in an urban land reform area is .nown
as:
a. #enantDs possessory ri!ht c. #enantDs incremental ri!ht
b. #enantDs retention ri!ht d. #enantDs ri!ht of 9rst refusal
23. A petition may be 9led by one or more unit owners of condominium proect when dama!e
to the proect has rendered one)half or more of the units untenantable and unit owners
holdin! more than EEEE percent interest in the common areas are opposed to repair or
restoration of the proect:
a. %(: b. 0(: c. 3(: d. 4(:
24. At 18: interest per annum' how much is the interest of P3(('(((.(( for 43 days where
number of days in a year is %4(F
a. P13'(((.(( c. P14'23(.((
b. P14'(26.6( d. P;('(((.((
26. #he capital !ains ta, due on the sale of P2'((('(((.(( property with P3(('(((.(( initial
payment is:
a. P1(('(((.(( c. P2('(((.((
b. P12('(((.(( d. P%('(((.((
28. #he best evidence of fee simple ownership is a #orrens #itle because it is indefeasible and:
a. imprescriptible c. has priority a!ainst a ta,
declaration
b. bindin! a!ainst the whole world d. all of the above
2;. +nder 5.A. 86;1' the ma,imum redemption period after e,traudicial foreclosure of a
mort!a!e e,ecuted by a corporation in favor of the ban. is:
a. % months c. 12 months
b. 4 months d. none of the above
%(. A clause used in leases and mort!a!es that cancel speci9ed ri!ht upon the occurrence of a
certain condition' such as cancellation of mort!a!e upon repayment of mort!a!e loan:
a. Accelaration Clause c. Automatic 5edemption Clause
b. /efeasance Clause d. <old over Clause
%1. 1n sale with assumption of mort!a!e' the basis of the documentary stamp on the sale is:
a. the down payment c. sellin! price
b. the contract price d. none of the above
%2. +nder 5.A. 46%2' administrative reconstitution of lost or destroyed ori!inal copies of
certi9cates may be availed of when the lost or destroyed certi9cates in the re!istry of
deeds consist of at least:
a. 1(: of all titles in the re!istry c. 2(: of all titles in the re!istry
b. 0(: of all titles in the re!istry d. %(: of all titles in the re!istry
%%. Ghen the loan is fully amorti2ed by e7ual monthly payments' the amount applied to the
principal:
a. /ecreases while interest payment increases
b. 1ncreases while interest decreases
c. 1ncrease by a constant amount
d. "one of the above

%0. #o avail of e,emption from capital !ains in the sale of a family home' the seller is re7uired'
amon! others' to notify the B15 throu!h a prescribed form of his intention to avail of the
e,emption. #he notice must be 9led within:
a. 13 days from the date of sale c. 4( days from the date of sale
b. %( days from the date of sale d. none of the above
%3. Ghen the interest of participation of condominium unit owners in the common area is
proportionate' the formula applied is:
a. +nit area divided by total area of the common area
b. +nit area divided by total area of all condominium units
c. +nit area divided by total area of all condominium units and common area
d. +nit area divided by total Boor area of condominium buildin!
%4. A ban.Ds ac7uired assets which part of its real estate inventories at the close of its
accountin! period shall be classi9ed as:
a. =rdinary Assets b. Capital Assets c. $i,ed Assets d. "one of
the above
%6. #otal refund to buyer for developerDs failure to complete the development within the
re!lamentary period is e7uivalent to: @P/ ;36A
a. 3(: of total payment inclusive of amorti2ation interest less penalty interest
b. 3(: of total payment inclusive of amorti2ation interest and penalty interest
c. 1((: of total payment inclusive of amorti2ation less penalty interest
d. 1((: of total payment less penalty interest plus le!al interest
%8. 1n the cost approach to value' physical deterioration is estimated by the formula:
a. *conomic life divided by chronolo!ical a!e
b. Chronolo!ical life divided by economic life
c. *conomic life divided by eCective a!e
d. *Cective a!e divided by economic life
%;. #he principle of value which states that the value of a property tends to be enhanced when
there is reasonable
homo!eneity in use:
a. Principle of <i!hest and Best +se c. Principle of 1ncreasin! 5eturns
b. Principle of Conformity d. Principle of Pro!ression
0(. A buildin! is depreciated at 2.3: per year on a strai!ht)line basis. Ghat is the estimated
useful life of the buildin!F
a. %( years c. 3( years
b. 0( years d. 4( years
01. -everal houses valued at P1'((('(((.(( and P2'((('(((.(( were built in an area where an
e,istin! house valued at P%(('(((.(( is located. As a result ' the value of the latter
increased. #he real estate principle of value that applies to this situation is called the
principle of:
a. substitution c. pro!ression
b. improvement d. re!ression
02.. Capital >ains #a, on the sale of real estate classi9ed as capital asset is a :
a. Creditable ta, on the sale c. $inal withholdin! ta,
b. /eductible item from income ta, d. *,panded withholdin! ta,
0%.. #he real estate bro.er is usually authori2ed to do all of the followin! acts' e,cept:
a. advertise the listin! c. Place for sale si!n on the property
b. cooperate with other bro.ers d. Bind the principal in a contract
00. Ghen a property is sold to 2 or more buyers' the property !oes to
a. Buyer in !ood faith and who 9rst re!istered with 5e!ister of /eeds
b. Buyer who pays the hi!hest price
c. Buyer who was 9rst in possession
d. "one of the above
03. #he position of trust assumed by the bro.er as an a!ent for the principal is describe as:
a. trusteeship c. 9duciary relationship
b. con9dential d. code of conduct
04. 1f the property is an ordinary asset' what is the applicable ta,F
a. Capital >ains #a, c. Percenta!e ta,
b. CG# d. *state ta,
06. *ssential re7uirements of a Contract of -ale.
a. Consent or meetin! of the minds of buyer and seller
b. =bect or subect matter
c. Cause or consideration
d. All of the above
08. A stipulation which authori2es the mort!a!ee to appropriate the property as his own upon
failure of the debtor to ful9ll the principal obli!ations. #his is void and of no le!al eCect.
a. Pactum Commisorium c. Pacto de retro sale
b. Pactum /e "on Aliendo d. 5es "ullius
0;. #he type of loan wherein the lender has some or complete control over the proect and the
income for a certain period' part or all of which is assi!ned to him to amorti2e the
proect' is:
a. -trai!ht Loan c. #urn).ey loan
b. $lat Loan d. Amorti2ation loan
3(. #he best evidence of ownership is:
a. #ransfer Certi9cate of #itle c. 5ealty ta,
b. #a, /eclaration d. Hicinity map
31. #he -eller reali2ed a %(: !ross pro9t over his cost 1f the property is sold at P1';3('(((.(('
the cost is:
a. P1'%43'(((.(( c. P1'43('(((.((
b. P1'%3('(((.(( d. P1'3(('(((.((
32. 5e!istration of mort!a!e coverin! proects can only be aCected when the deed is
accompanied by
a permit to mort!a!e issued by:
a. Local !overnment unit
b. <ousin! and +rban /evelopment Coordinatin! Council
c. <ome 1nsurance >uarantee Corporation
d. <ouse and Land +se 5e!ulatory Board
3%. #he documentary stamp on lease of real estate is P%.(( for the 9rst P2'(((.(( or fraction
thereof and
additional:
a. P(.3( for every P1'(((.(( in e,cess for 9rst P2'(((.((
b. P1.(( for every P1'(((.(( in e,cess for 9rst P2'(((.((
c. P1.3( for every P1'(((.(( in e,cess for 9rst P2'(((.((
d. P2.(( for every P1'(((.(( in e,cess for 9rst P2'(((.((
30. #he sellin! price if house and lot is P8(('(((.((. 1f its appraised value of P62('(((.(( and
loan to
collateral ratio is 8(:' what is it loan valueF
a. P40('(((.(( b. P364'(((.(( c. P62('(((.(( d.
P408'(((.((
33. #he capital !ains ta, on the sale of P2'((('(((.(( property with P4(('(((.(( initial
payment is:
a. P1(('(((.(( b. P12('(((.(( c. P%('(((.(( d.
P%4'(((.((
34. Ghat is the cost of the fence with total len!th of 63 meters' with hei!ht above the !round
of 2 meters
and I meter below' if cost per s7uare is P1'3((.((F
a. P223'(((.(( b. P281'23(.(( c. P10('423.(( d.
P112'3((.((
36. +sin! the 0)%)2)1 rule @depth ruleA' if a 3)hectare belon!in! to diCerent owners was sold for
P1('((('(((.(('
what is the share of lot owners ownin! the 9rst 7uarter abuttin! the roadF
a. P2'3(('(((.(( b. P0'((('(((.(( c. P3'((('(((.(( d.
P4'((('(((.((
38. #he ma,imum area of residential land @urban areaA which a former natural born $ilipino
citi2en may ac7uire:
a. 1('((( s7. m. c. 1(( s7. m.
b. 3(( s7. m. d. 1'((( s7. m.
3;. Ghen a donee of a parcel of land is a stran!er' the donorDs ta, rate is:
a. 2(: b. 4: c. %(: d. 23:
4(. #he collateral value of a house and lot pac.a!e is determined by applyin! the:
a. *conomic Halue c. Appraised Halue
b. Assessed Halue d. Loan to Halue 5atio
41. #he use of borrowed funds to increase purchasin! power is ideally to increase the
pro9tability of an investment is:
a. Limited Liability b. /ebt covera!e c. Levera!e d. 1nterim 9nancin!
42. #he amount of family home e7uivalent to fair mar.et value considered as allowable
deduction from the estate of a decedent:
a. P3(('(((.(( b. P1'((('(((.(( c. P2'((('(((.(( d. P63('(((.((
4%. #he *state #a, 5eturn shall be 9led and paid with the B15 within:
a. 4( days from death of decedent c. 12( days from death of decedent
b. ;( days from death of decedent d. 18( days from death of decedent
40. +nder the +rban Land 5eform Law @P./. 1316A' an area is considered urban when it has a
population density of at least EEEE and where at least 3(: of economically active
residents are en!a!ed in non)a!ricultural activities.
a. 3(( residents per s7uare .ilometer c. 1'3(( residents per s7uare
.ilometer
b. 1'((( residents per s7uare .ilometer d. 2'((( residents per s7uare
.ilometer
43. An appraisal techni7ue in which comparative estimates are made between prices paid in
actual transactions and the current listin!s:
a. Cost Approach b. 1ncome Approach c. Mar.et Approach d.
*conomic Approach
44. #he ma,imum term of loan under Pa!)1B1> loan amountin! to P% million
a. 2( years b. 23 years c. 13 years d. %( years
46. A subdivision plan needs only the approval of the Land 5e!istration Authority or Land
Mana!ement Bureau to eCect se!re!ation of titles when the resultin! number of lots is:
a. "ine @;A or less c. #welve @12A or less
b. #en @1(A or less d. $ifteen @13A or less
48. A four)storey buildin! has a re!ular shape with street fronta!e of 1( meters and depth of
2( meters' and hei!ht of 14 meters. 1f cost to construct is P0'(((.(( per cubic meter'
what is the reproduction cost of the new buildin!F
a. P12'8(('(((.(( c. P12'34('(((.((
b. P1%'2(('(((.(( d. P13'12('(((.((
4;. 1n case of refusal by the lessor to accept payment of the rental a!reed upon' the lessee
may either deposit' by way of consi!nation' the amount in:
a. Court c. Ban. in the name of the lessor
b. CityJMunicipal #reasurer d. Any of the above
6(. <usband and wife can sell property to each other in the followin! circumstances e,cept
when:
a. A separation of property was a!reed upon in the prenuptial a!reement
b. #here has been a udicial separation of property
c. #here has been a le!al separation
d. -pouses have been separated for more than 1( years
61. 1n a sale of property on installment plan where the buyer is not en!a!ed in trade or
business' the applicable rate of ta, is based on
a. >ross -ellin! Price c. a or b' whichever is hi!her
b. $air Mar.et Halue d. Assessed Halue
62. +nder 5A 626;' EEEEEEEEE shall be resorted to only when other modes of ac7uisition have
been e,hausted.
a. "e!otiated Purchase c. *,propriation
b. Land Consolidation d. &oint)Henture A!reement
6%. #he schedule of mar.et value for ad valorem ta, in municipalities outside Metro Manila is
prepared by
a. Municipal Assessor c. -an!!unian! Pan!lalawi!an
b. Provincial Assessor d. Provincial #reasurer
60. Property escheated to the !overnment is considered as
a. Public /ominion c. 5e!alian Property
b. Patrimonial Property d. Any of the above
63. #he use of borrowed funds to increase purchasin! power is ideally to increase the
pro9tability of an investments :
a. Limited Liability c. Levera!e
b. /ebt Covera!e d. 1nterim $inancin!
64. #he income approach in estimatin! the value of an investment property is an application of
a. Principle of -ubstitution c. Principle of Contribution
b. Principle of Pro!ression d. Principle of Anticipation
66.. +nder +rban land 5eform Act @P/ 1316A' the ac7uisition of lots of varyin! ownership
throu!h' amon! others' e,propriation or ne!otiated purchase for the purpose of plannin!
is
a. Land Ban.in! b. Land *,chan!e c. Land +se Plan d. Land Assembly
68. #he principle of value which states that the value of a property tends to be enhanced where
there is reasonable homo!eneity in use.
a. Principle of <i!hest and Best +se c. Principle of 1ncreasin! 5eturn
b. Principle of Conformity d. Principle of Pro!ression
6;. 1t refers to a !rid of north and south @meridiansA' and east and west @parallelsA lines
surveyed by the
!overnment in identifyin! Philippine boundaries.
a. Meters and Bounds c. Cardinal /irection
b. 5ectan!ular survey d. Monuments
8(. 1t is the ratio that e,presses the relation between !ross income and sales price of a
property.
a. Capitali2ation c. 5ecapture
b. >ross 1ncome Multiplier d. *Cective >ross 1ncome
81. A Kloss in value from any causeL is a common de9nition of
a. *Cective A!e c. /epreciation
b. $unctional =bsolescenced. *conomic =bsolescence
82. #he value placed on ta,able property by the assessor for ad valorem purpose is :
a. Appraised Halue c. $air mar.et value
b. Assessed Halue d. *conomic Halue
8%. #he followin! are modes of ac7uirin! lands for purposes of +rban /evelopment and
<ousin! Act' e,cept:
a. $oreclosure c. ne!otiated purchase
b. oint venture a!reement d. land swappin!
80. Ghere a conBict arise on the issue of ust compensation' the concerned !overnment
a!ency e,propriatin! is re7uired to initially pay an amount e7uivalent to 1((: of the
a. =Cered amount c. Assessed Halue
b. Appraised Halue d. Monal value
83. #he followin! are types of property descriptions ordinarily used in deeds' contracts' oCer to
sell' and leases' e,cept:
a. rectan!ular survey c. bearin!s and a2imuth e. metes
and bounds
b. lot number d. monuments
84. 5efers to an ima!inary line connectin! from a reference point K1L of any !iven lot plan
a. Cardinal directionb. Boundary line c. A2imuth d. #ie line
86. 1n the absence of any provision in the master deed of a condominium proect' the share of
the unit owners in the common area is.
a. Proportionate to his unit area d. /ecided by the maority of owners
b. Based on the value of his unit e. /etermined by the condominium
corporation
c. *7ual to all other unit
88. #he ri!ht of an owner)lessor to receive the contract rent and reversion of the property at
the end of the lease is called
a. $ee simple c. Lease fee estate
b. Leasehold d. "et Lease
8;. 1n case of false or fraudulent *state' /onor or Capital >ains #a, B15 form was willfully made'
how much surchar!e based on the ta,es or de9ciency ta, shall be imposedF
a. 2(: b. %(: c. 23:
d. 3(:
;(. $or purposes of determinin! whether a sellerJtransferor can be considered as habitually
en!a!ed in real estate business' he should oCer satisfactory evidence that the
consummated at least EEE ta,able real estate transactions durin! the precedin! year.
a. $ive b. -i, c. *i!ht d. #en
;1. #he Articles of 1ncorporation of homeowners association is re!istered with:
a. -ecurities and *,chan!e Commission c. <ome >uaranty Corporation
b. <ousin! and Land +se 5e!ulatory Board d. <+/CC
;2. Conversion permit of a!ricultural land of not more than 3 hectares shall be approved by
the:
a. Municipal A!rarian 5eform =?ce
b. Provincial A!rarian 5eform =?ce
c. -ecretary' /A5
d. 5e!ional A!rarian 5eform =?ce
;%. 1f #C# has an annotation that says Ksubect 5ule 60' -ection 0 of the 5ules of CourtL' it
means
that the property is an inherited property and any heir unduly deprived of his lawful
participation in the estate has EEEE years to assert his ri!hts over said property.
a. #wo @2A years c. $ive @3A years
b. $our @0A years d. #en @1(A years
;0. #he ac7uisition of the land in advance of actual need based on present value for future
planned development is referred to in the +rban Land 5eform Law as:
a. Land Assembly c. +rban 5enewal
b. Land Ban.in! d. "ew -ettlement /evelopment
;3. #he type of listin! that !ives the real estate bro.er the !reatest protection
a. *,clusive A!ency Listin! d. Multiple Listin!
b. "et Listin! e. =pen Listin!
c. *,clusive 5i!ht to -ell Listin!
;4. #he followin! are determinants of value in appraisals of realty' e,cept:
a. Contribution c. purchasin! value
b. demand d. scarcity
;6. Property held by the owner as inventory or stoc. in trade of buy and sell business or used
in connection with trade' business or source of income is referred to as
a. Capital Asset c. 9,ed Asset
b. =rdinary Asset d. 1ntan!ible Asset
;8. -ubdivision and Condominium Buyers Protective /ecree
a. P/ 2(( b. P/ 1;;4 c. P/ ;36 d. P/ 1(81
;;. +rbani2able areas refer to sites and lands which' considerin! present characteristics and
prevailin! condition' display mar.ed and !reat potential of becomin! urban areas within
the period of
a. #wo @2A years c. $ive @3A years @per 5A 626;A
b. #hree @%A years d. #en @1(A years
1((. #he followin! are modes of ac7uirin! lands for the purposes of the +rban /evelopment
and <ousin! Act of 1;;2 e,cept.
a. &oint Henture a!reement c. Community mort!a!e
b.. "e!otiated purchase d. Accretion
1(1. 1n mi,ed use condominium proects' the master deed may be amended by simple maority
of the unit owners. Maority is based on:
a. "umber of Condominium units c. #otal area of condominium units
b. $loor area of ownership d. Any of the above
1(2. Conu!al partnership can be dissolved by:
a. Le!al -eparation c. &udicial /e!ree of -eparation of
Property
b. .Annulment of Marria!e d. Any of the Above
1(%. Amendment to the master deed of a condominium proect approved by maority of the
re!istered owners need also be approved by the cityJmunicipal en!ineer and:
a. Local !overnment
b. <ousin! and +rban /evelopment Coordinatin! Council
c. <ousin! and Land +se 5e!ulatory Board
d. Land 5e!istration Authority
1(0. +nless revalidated' ta, credit life is up to:
a. =ne @1A year c. $ive @3A years
b. #wo @2A years d. $our @0A years
1(3. #he ma,imum period that a forei!ner @ individualA may lease real estate includin! renewal
is.
a. 23 years b. 3( years c. 63 years d. ;; years
1(4. #he principle holds that when two or more commodities with substantially the same utility
are available' the one with the lowest price receives the !reatest demands and widest
distribution.
a. Principle of Contribution c. Principle of Balance
b. Principle of -ubstitution d. Principle of Completion
1(6. An estimate or opinion of value is:
a. Accountin! c. Appraisal
b. Haluation d. Computation
1(8. 1f the contract is under Maceda law' a buyer who has paid 2 years installment shall be
refunded an amount e7uivalent to:
a. 4(: percent of the total payments made c. 0(: of the total payments
made
b. 3(: of the total payments made d. %(: of the total payments
made
1(;. Land valuation !uidelines for sociali2ed housin! is set by the:
a. <+/CC c. /epartment of $inance
b. "<A d. 5e!ular courts
11(. #he schedule of fair mar.et value in the municipalities in Metro Manila is prepared by:
a. MM/A c. Bureau of 1nternal 5evenue
b. concerned municipal assessor d. -an!!unian! Bayan by ordinance
111. #he followin! compose the Board of Assessment Appeals in the city of Ma.ati' e,cept:
a. 5e!ister of /eeds b. City Prosecutor c. City Assessor d. City
*n!ineer
112. A ta,payer has EEEEEEEE to redeem his real property which was levied and subse7uently
forfeited and ac7uired by the Local >overnment unit due to ta, delin7uency.
a. 1 year b. 0 years c. 4( days d. % years
11%. 1n addition to the basic real property ta,' a province may levy an annual ta, on an
a!ricultural landN planted to perennial crops with less than 3( trees to a hectare at the
rate of not e,ceedin! EEEE of the assessed value of the property.
a. 1: b. 2: c. %: d. 0: e. 3:
110. -ei2ure of a property by a court order' usually done to have it available in the event of
adverse ud!ment of a pendin! suit' is:
a. escheat b. forfeiture c. foreclosured. attachment
113. #his !overnment a!ency is responsible for the preparation of comprehensive land use in a
locality.
a. Local !overnment unit c. /A5
b. <+/CC d. <L+5B
114. +nder the 5ent Control Law @5A ;43%A' the lessor may as. for a deposit rental not
e,ceedin!:
a. 1 month b. 2 months c. % months d. 1 year
116. Any amendment to the master deed of a condominium proect decided by the maority of
owners must be approved by the <L+5B and
a. CityJMunicipal Mayor c. CityJMunicipal *n!ineer
b. CityJMunicipal Council d. CityJMunicipal /evelopment Plannin!
=?cer
118. *asement is to real propertyN +sufruct is to:
a. personal property c. personal or real property
b. real property d. none of the above
11;. Ghich of the followin! statements is not trueF
a. $ull ownership e7uals na.ed ownership plus usufruct
b. +sufruct e7uals na.ed ownership plus full ownership
c. "a.ed ownership e7uals full ownership minus usufruct
d. +sufruct e7uals full ownership minus na.ed ownership
12(. #he 2onal value of a property can be obtained from
a. AssessorDs =?ce c. Land 5e!istration Administration
b. Bureau of 1nternal 5evenue d. All of the Above
121. 1f Contract of -ale is to /eed of -aleN Contract to -ell is to
a. Pacto de Retro Sale c. /eed of -ale with Mort!a!e
b. /eed of Conditional -ale d. Dacion en Pago
122. #he followin! are priorities of lands that may be ac7uired for sociali2ed housin! purpose
under 5A
626;'e,cept:
a. lands owned by the !overnment c. alienable lands of public domain
b. privately owned lands d. re!istered but idle lands
@should be unre!isteredA
12%. 1n subdivision sellin!' the sale is considered a paid)up sale when the buyer has paid the:
a. 9fty percent of the purchase price d. stipulated earnest money
b. reservation deposit e. re7uired down payment
120. #he rate of real property ta, in a municipality or city within Metro Manila is
a. "ot more than one percent of the assessed value
b. "ot more than two percent of the assessed value
c. "ot more than ten percent of the assessed value
d. "ot more than 9fteen percent of the assessed value
123. A .ind of survey where the shape of the earth is ta.en into account in computin! results
is .nown as
a. plane survey c. topo!raphic survey
b. !eodetic survey d. cadastral survey
124. #he rational approach of allocatin! available land resources as e7uitably amon!
competin! user !roup is
a. land assembly b. land)use plan c. on)site development d.
urban renewal
126. 5e!istration of a real estate instrument can be !iven due course without the presentation
of the ownerDs duplicate
certi9cate of title when the document is
a. "otice of Adverse Claim c. writ of attachment
b. "otice of lis pendens d. all of the above
128. -pecial power of attorney are necessary in the followin! cases' e,cept
a. to perform acts of administration
b. to lease any real property for more than a year
c. to convey real ri!hts on immovable property
d. to cancel any obli!ation !ratuitously
12;. 1n a sale a retro where it is stipulated that the vendor has the ri!ht to repurchase the
property Kwhen he has the meansLN he has EEEE to redeem it.
a. three @%A years c. ten @1(A years
b. four @0A years d. twenty @2(A years
1%(. #he minimum educational re7uirement that an applicant for a license as an appraiser is
a. seventy two @62A units in colle!e
b. ei!hty two @82A units in colle!e
c. one hundred forty four @100A units in colle!e
d. colle!e !raduate' 0)year course
1%1. Ghich of the followin! !overnment a!encies is in char!e of the over)all strate!ies for the
countryDs "ational <ousin! Pro!ramF
a. "ational <ousin! Authority
b. <ousin! and Land +se 5e!ulatory Board
c. <ousin! and +rban /evelopment Coordinatin! Council
d. "one of the above
1%2. 5e!istration of sale of a 9ve @3A hectare a!ricultural land must be accompanied by
a. /A5 Conversion Permit c. /A5 Clearance
b. <L+5B License to -ell d. L>+ /evelopment Permit
1%%. #he followin! are public dominion' e,cept
a. "avi!ate river converted into 9shpond c. Public pla2a converted into
housin!
b. Canal d. subdivision roads
1%0 1n case of real property' prescription in !ood faith is
a. 3 years b. 13 years c. %( years d. 1( years
1%3. =wnership of a piece of land can be ac7uired throu!h any of the followin! modes' e,cept
a. tradition b. prescription c. occupation d. succession
1%4. A former natural born $ilipino citi2en can ac7uire not more 3'((( s7. meters of land in the
urban area for business purposes under
a. BP 183 b. 5A 6(02 c. P/ ;36 d. Act 2628 as amended e.
5A816;
1%6. #he area of a trian!ular plot is computed by the formula:
a. len!th , width c. 2 , len!th , width
b. I , len!th , width d. len!th , width , hei!ht
1%8. 1t means that shortcut to foreclosure' the mort!a!or a!rees to sell and transfer the
mort!a!e property to the mort!a!ee.
a. dacion en pa!o b. redemption c. pacto de retro d. auction
1%;. *,cluded from the covera!e of CA5P.
a. ; : b. 12: c. 13: d. 18: or more
slope
10(. An annual levy on real property e7uivalent to one @1A percent of the assessed value which
shall be in addition to the basic real estate ta, called
a. -pecial 5eal *state #a, c. -pecial *ducation $und #a,
b. -pecial Assessment fund #a, d. Ad Halorem #a,
101. A subdivision where ;: of the !ross area is open spaces with 44 to 1(( family lots per
hectare is called
a. economic subdivision c. sociali2ed subdivision
b. open mar.et subd. d. low cost subdivision
102. 1n the computation of depreciation of real properties' the method that is widely used by
practitioners is the
a. strai!ht line method c. sum)of)the)years di!its method
b. declinin! balance method d. diminishin! return method
10%. #he technical description in the #C# of a real property can readily be plotted on a sheet by
usin! the C. data
a. bearin! and lot points c. bearin! and tie line
b. distance and lot points d. BLLM and tie line
e. distance and bearin! from lot points
100. 1:2(( means
a. 1 cm is e7ual to 2(( centimeters c. 1 meter is e7ual to 2(( meters
b. 1 cm is e7ual to 2 meters d. 1 meter is e7ual to 2( meters
103. An appraisal principle which holds that the value of property tends to be enhanced by
association with superior properties' is
a. Principle of in9ltration c. Principle of pro!ression
b. Principle of retro!ressiond. none of the above
104. 1t is refers to land located in the frin!es of built)up communities which has the provincial
characteristics but is Bavored with metropolitan utilities' facilities and amenities.
a. +rban land c. urban land
b. +rbani2able land d. rural land
106. &urisdiction for adudication of buyerDs' complaints a!ainst subdivision developers is with
the
a. <ousin! and +rban /evelopment and Coordinatin! Council
b. "ational <ousin! Authority
c. <ousin! and Land +se 5e!ulatory Board
d. 5e!ular Courts
108. #he bundle of ri!hts which is inherent in ownership without any limitations other than
those imposed by law or contract is.
a. free estate c. fee simple
b. lease free estate d. tenancy in common
10;. #he study of current supply and demand conditions in a particular area for a speci9c type
of property is
a. 5eal estate appraisin! c. Absorption estimate
b. Cash $low analysis d. Mar.et Analysis
13(. 1n the absence of a pre nuptial a!reement' the followin! are e,cluded from the
community property' e,cept
a. Property ac7uired durin! the marria!e by !ratuitous title by either spouseN
unless otherwise provided by the donor
b. $ruits as well as income of property mentioned in letter @aAN unless otherwise
provided by the donor
c. Property for personal and e,clusive use of either spouse
d. &ewelry for personal and e,clusive use of either spouse
e. Property ac7uired before the marria!e by either spouse who has le!itimate
descendants by a former marria!e and the fruits as well as the income'
if any of such property
131. #he areas reserved for par.s' play!rounds and recreational areas of a subdivision proects
are:
a. e,clusively owned by the owner)developer
b. co)owned by the developer and purchasers of subdivision lots
c. non alienable public lands
d. .none of the above
132. #he term of a condominium corporation is
a. 3( years
b. Co)terminus with the duration of the condominium proect
c.. 23 years
d. -ubect to the a!reement between the condominium corp. and the unit
owner
13%. Area re7uired to be reserved for roads' alleys and open spaces in a subdivision with an
area of one @1A hectare or more.
a. #wenty percent @2(:A of the !ross area
b. #hirty)9ve @%3:A of the !ross area
c. #wenty)9ve percent @23:A of the !ross area
d. #hirty percent @%(:A of the !ross
130. $or a space to be considered a condominium unit' it must
a. Be encompassed by the interior surface of the walls' Boors' ceilin!
b. Be mana!ed by a condominium corporation
c. Be susceptible of independent use and ownership
d. Be unencumbered by any restriction
133. 1n case of foreclosure sale where ri!ht of redemption is not e,ercised by the mort!a!or)
owner' who pays the capital !ains ta,F
a. owner)mort!a!or c. Buyer of the property
b. Creditor)ban. d. none of the above
134. 1t is a contract !rantin! a person the privile!e to buy or not to buy certain obects at
anytime with the a!reed period at a 9,ed price.
a. -olicitacion c. Aleatory Contract
b. =ption Contract d. Pacto de 5etro -ale
136. 1t is an encumbrance imposed upon an immovable for the bene9t of another immovable
belon!in! another.
a. "uisance per accidents c. Private nuisance
b. 5i!ht of way d. *asement

138. A special power to sell a realty carries with it all the followin!' e,cept the)
a. power to 9nd a purchaser d. power to 9, the term of the sale
b. power to sell directly e. power to sell on credit
c. power to sell only for cash