Mock Exam - Module

BROKERS'
BOARD EXAM
2016 (MOCK)
MODULE 1
1
a
b
c
d
An owner in fee simple means he/she

has bought the property
has a certificate of title
has the right to sell the property
has the bundle of rights
It is the power of the state to take private property for the purpose of public use, provided there is payment of just
compensation
2
a
b
c
d
Escheat
Police power
Expropriation
Eminent domain
When a person speaks of the principle that "all lands of the public domain belongs to the State", this is referred to as
a
b
c
d
real estate ownership doctrine

land ownership doctrine
state ownership doctrine
regalian doctrine
The government may dispose or alienate lands of public domain provided the classification is
4
a
b
c
d
Industrial
Residential
Forested land
Agriculture
For one to have a property relation to complete separation of property, the future spouse must execute this document
before marriage
5
a
b
c
d
6
a
b
c
d
7
a
b
c
d
8
Judicial separation of property

Extra judicial separation of property
Affidvait of waiver of property
Pre-nuptial agreement
The law that governs the property relations of two people who plan to get marries in 2013 is referred to as
Family code of the Philippines
New Civil Code
The law on family and property
Property Code of the Philippines
Ownership of real estate in the Philippines is primarily governed by
1987 Philippines Constitution
1935 Philippine Constitution
The New Civil Code
Special laws enacted by Congress
Maria inherited a piece of land in 1985 but she got married in 1987 without any prenuptial agreement. The said property is
considered as
a
b
c
d
Paraphernal property
conjugal property
capital property
community of property
It is a parcel of land owned by the city is no longer intended for public use. It is referred to as
a
b
c
d
Patrimonial property
Public domain
Public reserved property
Private idle lands
Under the Philippines Retirement Authority, a foreigner may reside in the Philippines and will be given a visa referred to as
a
b
c
d
Special Residents retiree's visa

Bi/B2 Visa - Business and tourist visa
Special Non-immigrant Visa
Temporary Retiree's visa
For a land to be classified as an urban area under BP 185, it means
An area where there are malls and shopping centers
A municipality with a population density of 1,000 persons per square kilometer
Poblacion with a population density of 800 persons per square kilometer
An area with a complete mass transport system
If ABC Corporation decides to lease lands of the public domain, the lease can only be for a period of
Up to 50 years renewable for another 25 years
25 years renewable for another 25 years
Up to 99 years
50 years only
Any Filipino citizen may apply for a free patent title under RA 10023 and in case of first and second class municipalities.
The same should not exceed
10
11
a
b
c
d
12
a
b
c
d
13
a
200 square meters
BROKERS' BOARD EXAM

2016 (MOCK)
b
c
d
750 square meters

1000 square meters
500 square meters
A child born out of wedlock from minor parents, but who eventually got married, will now be classified as
a
b
c
d
Illegitimate
Legitimate
Acknowledged Natural child
Spurious child
A sale of a parcel of land, bought by a foreigner who was not allowed to own land, sold eventually to a Filipino citizen is
considered
a
b
c
d
Voidable
Valid
Void
No effect
A former natural born Filipino may acquire land in a rural area not exceeding 3 hectares for business purpose under
a
b
c
d
Batas Pambansa Blg 185

Foreign Investors Act
Foreign Investment Act of 1991
Foreign Trust Investment Act
An illegitimate minor child may used the surname of the father who is married to another provided
a
b
c
d
The father and mother eventually marries

The child is not over 7 years of age
The father executes an affidavit of acknowledgement
The mother agrees
As a real estate broker, one is not required to indicate the professional license number in this document
a
b
c
d
Advertisement
Letterhead
Deed of Absolute sale
Calling cards
Land acquired thru public auction due to non-payment of delinquent real estate taxes is a grant referred to as
14
15
16
17
18
19
a
Private grant
b
c
d
Public grant
Involuntary grant
Foreclosure grant
When a person inherits real estate from a deceased who died with a will but which was declared void would be an
inheritance through
a
b
c
d
Hederitary succession
Testamentary succession
Intestate succession
Testate succession
The practitioner must display the following in their place of business as provided in the Code of Ethics
a
b
c
d
Certificate of Registration
AIPO Receipt
Surety Bond
Professional Identification Card
The share of an illegitimate child in their father's estate is equivalent to the share of legitimate child, which is
20
21
22
a
b
c
d
One-half share
One-Third share
Equal share
One-Fourth share
BROKERS' BOARD EXAM

2016 (MOCK)
23
When soil is deposited through the gradual deposit by the flowing of a river in the property along the river, the deposited soil is called
a
Alluvium
b
Avulsion
c
Accretion
d An owner isRiver
bedto utilize the land not only for himslef but also for the general welfare. This is referred as the principle
obliged
24 of
a
b
c
d
25
a
b
c
d
26
a
b
c
d
27
a
b
c
d
28
a
b
c
d
29
Steward Concept of Ownership

Bundle of rights
Public Welfare's Act
Stewardship rights
An act that can be unethical in dealing with a real property being sold by the owner,
Refrain from misrepresentation
Avoid exxageration
Conceal relevant information
Ascertain all material facts on the property
The real estate broker should not solicit a listing which is currently listed exclusively with another broker unless the listing
agreement has expired and
the broker knows the contact number of the owner
the owner offers to list the same to the new broker
the broker already met with the owner
solicits the same from the owner
If the real estate broker already saw another sign for sale of another broker, under the code of ethics, the broker must be
put the sign at least 5 meters away
no longer put his or her sign for sale
remove the sign before putting his/her sign
cover the sign of the other broker
Real estate broker Juan accepted a listing from another broker Pedro. The agency of Broker Pedro who offered the
listing should be respectd until it has expired and
Broker Juan is able to contact the owner
Come to the attention of broker Juan from a different source
Broker Pedro does not answer his text messages
Broker Juan solicits the listing from the owner
Considered unethical for a real estate broker, to obtain professional fee from both seller and buyer unless
The buyer was informed ahead of time

a
The owner and seller knows and both agreed
b
The owner dis not know he will get a fee from the buyer
c
parties
weredeposit
not informed
by the
the river
broker
d This refersthe
to the
gradual
of soil by
resulting to an additional land of the owner which is adjacent to the
river
30
Alluvium
Accretion
Reclamation
Prescription
As provided under PD 957, a real estate salesperson who sells condominium units for a developer must file a surety or
31 cash bond in the amount of
a
b
c
d
a
b
c
d
32
a
b
c
d
33
a
b
c
d
34
a
b
c
d
35
a
b
c
P 5,000.00
P 280.00 premium
P 1,000.00
P 20,000.00
The incumbent PRBRES Chairman is
Rafael Fajardo
Florentino Dino
Teresita Mansala
Eduardo G. Ong
The renewal of the broker's licensed shall be every
6 years
5 years
4 years
3 years
The expiry of the HLURB registration of a real estate broker is every
November 30
Decemer 31
June 30
December 30
In the PRBRES logo, the color blue represents
profesionalism
service
Ethical practice
BROKERS' BOARD EXAM

2016 (MOCK)
d
36
a
b
c
d
37
a
b
c
d
38
valor
The general classification of property under the Civil Code is movable and
real property
personal property
immovable property
real estate
The PRC chairperson is
Eduardo G. Ong
Teresita Mansala
Rafael Fajardo
Florentino Doble
As provided under PD 957, a real estate broker on who sells condominium units for a developer must file a surety or cash
bond in the amount of
a
b
c
d
P 5,000.00
P 1,000.00
P 20,000.00
P 10,000.00
APEC Developent Corporation is selling its lot in the amont of P 1,800,000.00 contract price. The sale shall be subject to
39 creditable withholding tax rate of
a
b
c
d
40
a
b
c
d
41
a
b
c
d
42
a
b
c
d
5%
3%
10%
1.50%
The following is not consiered a public grant
Free Patent issued by the government
Emancipation Patent
Sale by City treasurer due to delinquent real estate taxes
Homestead grant
A Filipino who became a Canadian citizen may still buy land in the Philippines for business purposes provided
He/she buys only up to a maximum of 1,000 square meters
He/she executs an Affidavit under BP 185
He/she will have to permanently reside in the Philippines
he/she is a former natural born citizen
Two people decide to get married under the family code of the Philippines, it is now required that their ages should be
18 years old for both
21 years for boys and 18 for girls
21 years for both
18 years old for boys and 21 years old for girls
A parcel of land was sold at P 8,000,000.00 but the zonal value based on BIR is P 7,500,000.00 while the assessed value
by the local assessor is P 5,500,000.00 and It was appraised at P 8,200,000.00. What will be the basis of the capital gains
43 tax ?
a
b
c
d
Appraised value
Selling price
Assessed value
Zonal Value
For sale of a property classified as capital asset in the amont of P 3,500,000.00, the tax that will be imposed is
a
b
c
d
Creditable withholding Tax

value added tax
Capital gains tax
Percentage tax
After full payment of the capital gains tax, the BIR shall issue to the owner the following document
a
b
c
d
Certificate of payment of capital gains tax

Certificate authorizing payment
Certificate of tax payments
Certificate Authorizing Registration
The creditable withholding tax for the sale of a lot by a developer is also referred to as
Prepaid income tax
Final tax
Advance withholding tax
Capital gains tax
The following does not have a BIR Zonal value
Condominium
Building improvements
Condominium parking space
Agricultural land
The following sale in 2012 shall be subject to value added tax
Sale by owner of the house at P 5,000,000.00
44
45
46
a
b
c
d
47
a
b
c
d
48
a
BROKERS' BOARD EXAM

2016 (MOCK)
b
c
d
49
a
b
c
d
Sale of residential house by developer at P 3,199,000.00

Sale of condominium units at P 3,500,000.00
Sale of residential lot of developer at P 1,900,000.00
The ceiling price for a lot in socialized housing projects is
P 450,000.00
P 100,000.00
P 225,000.00
P 180,000.00
A developer sold a condominium unit on Jan 5, had the sale notarized on Jan 7, Up to when should the developer pay the
documentary stamps tax
50
a
b
c
d
February 5
March 5
Feb 10
February 4
How much will be the surcharge for the late payment of capital gains tax on the sale of a house and lot in the amount of P
3,000,000.00
51
a
b
c
d
P 35,000.00
P 45,000.00
P 50,000.00
P 75,000.00
To avail of exemption on the payment of capital gains tax, for the sale of principal residence, one must inform the BIR of his
52 intention within how many days
a
b
c
d
60 days from date of notarization of sale

within 12 months from date of notarization
30 days from date of notarization of sale
30 days from date of appraisal by the Assessor
Mr. Co rented a house which he was also using as his office . What will be the withholding tax on the rent which he has to
53 deduct?
a
7%
b
10%
c
3%
d
5%
54 To avail of exemption of capital gains tax on sale of principal residence, one important requirement is
a
b
c
d
Title must be registered under the name of natural person

must have owned the property for at least 10 years
must own only 1 residence
The owner must buy another property within 5 years
Mr. Cruz sold his principal residence and he may only awail of this exemption from capital gains tax only once every
a
b
c
d
5 years
10 years
12 years
36 calendar months
A real estate broker will earn P 1,800,000.00 for 2015 in professional fees. The broker shall be subject to
a
b
c
d
12% VAT
10% vat
3% percentage tax
5% withholding tax
The special education fund tax collected by the municipality shall be allocated to the
General Fund of the province
National Education Fund
Education Fund of the municipality
Local School Board
The assessment level of your property may also be found in the
Tax Declaration of the property
Tax Clearance
Local Government Code of 1991
Official Receipt of transfer tax
If the land is in a residental area but the building is used for commercial purposes, the assessment level classification shall
be based on
55
56
57
a
b
c
d
58
a
b
c
d
59
a
b
c
d
Residential
commercial
Mixed residential and commercial
Predominant use
60 The CARPER primarily extends the land distribution program of DAR by
a
3 years
b
7 years
c
5 years
BROKERS' BOARD EXAM

2016 (MOCK)
61
d ABC REALTY
10 years
sold 2 adjacent residential lots to Mr and Mrs Mansanas this January. Lot 1 is sold at P 1,900,000.00 and
Lot 2 at P 2,100,000.00. What will be the VAT paid by the couple?
a
b
c
d
P 261,000.00
P 460,000.00
Exemption
P 480,000.00
The principle states that the citizenship of a person of a person shall be on the location of birth of a person is called
a
b
c
d
Jus Soli
Jus Sanguinis
Jus locandi
Dual citizenship
The marital consent of the husband is not required in the sale of the following property of a couple who got married in 1986
when
62
63
a
b
c
d
It is inherited property of the husband

It was bought with exclusive money of the wife
It was bought after August 3, 1988
It was bought by the couple during their marriage
For prescription as a mode of acquiring title, it requires that possession must be adverse, continous, actual and if in bad
64 faith, for a period of
a
b
c
d
65
10 years
20 years
30 years
25 years
A vacant land in Cebu that was escheated to the government because the deceased left no will and no heirs will be
classifies as
a
b
c
d
Public domain
Patrimonial property
Public estate
National property
A couple married in August 3, 1998 entered into a marriage settlement but was declared void by the court, their property
66 relations shall be
a
b
c
d
Absolute Community of Property

conjugal property
separation of property
relative community of property
A former natural born Filipini may acquire land in a rural area not exceeding 3 hectares for business purposes under
a
b
c
d
Batas Pambansa Blg 185

foreign investment act of 1991
foreign investment lease act
Real Estate Investment Trust
In an auction sale of a foreclosed property lot, Mr Beam won and the property was not redeemed. The documentary stamp
tax must be paid within
67
68
a
b
c
d
Five days after auction sale

Five days after the month of auction sale
Five days after the month of expiration of redemption period
Five days after registratin of auction sale
A broker was to pay the taxes on the sale to the BIR but missed the due date due to sickness. How much will be the penalty
69 surcharge
a
b
c
d
70
a
b
c
d
71
a
b
c
d
72
a
b
c
5%
10%
20%
25%
The following are exempted from VAT payment, except
Parking lot worth P 850,000.00
Economic housing house and lot with a price ceiling of P 1,700,000.00
Socialized housing house and lot selling at P 450,000.00
Housing project of NGOs selling at P 350,000.00
PRBRES refers to
Professional Regulations Board of real estate Practitioners
Professional Regulatory Board of Real Estate Service
Professional Regulations of the Board of Real Estate Services
Property Regulations of Brokers in the Real Estate Service
Cindy Hilton, a British national, wanted to but a piece of land in Bonifacio Global City, and to be able to do so, he will have
to form a corporation with a minimum Filipino ownership of the outstanding capital stock of at least
50%
40%
60%
BROKERS' BOARD EXAM

2016 (MOCK)
d
73
a
b
c
d
74
a
b
c
d
75
a
b
c
d
76
25%
In case of socialized housing the ceiling for the value of the lot is
30%
50%
25%
40%
What will be the monthly interest in case the owner fails to pay the basic real estate taxes due in the amount of P 5,000.00
P 100.00
P 200.00
P 300.00
P 500.00
The following are taxable real and other properties except
Stock Certificates
House and Lot acquisitions
parking lot
Collection of Old coins and Paper Bills in various
The Philippines applies the principle of citizenship based on the citizenship of the parents. This is also referred to as the
principle of
a
b
c
d
Just citizen
Jus parentis
Jus Soli
Jus sanguinis
The following persons may own land in the Philippines for purposes of either residence or business provided the person is
a
b
c
d
permanent citizen
foreigner married to a Filipino
natural born citizen
Dual citizen
Property reserved for compulsary heirs of the decedent is referred to as
Free patent
hereditary succession
Inhetiance
legitim
It is not required for purpose of becoming a dual citizen under RA 9225
Execute an Oath of Allegiance
Petition thorugh the Consular office abroad
make a renunciation of his foreign citizenship
Be a former natural born citizen of the Philippines
Which one of the following is considered as a voluntary limitation on one's ownership to land
Police Power
Zoning regulations
Right of way Agreement
Taxation
The right of the owner of a parcel of land to receive civil fruits means
Right toharvest of the land
Right to receive rent
Right to sell the produce from the fruits
Right to receive money in exchange for the harvest
A real estate broker uploded an Advertisement of a property in the internet. Which one would be considered unethical
77
78
a
b
c
d
79
a
b
c
d
80
a
b
c
d
81
a
b
c
d
82
a
"with nice view of Manila Bay"
b
"property to appreciate in value within a year"
c
"located in a gated subdivision"
d
"with wifi connection"
83 In a court case, the real estate appraiser was called to testify and under the code of ethics he must testitfy in a manner
a
b
c
d
84
a
b
c
d
85
a
b
c
d
86
to protect his interest

to testify in a truthful manner
to protect the interest of his client
to protect the interest of his client and himself
The expiration of the 3-year license of a real estate broker shall be
on the broker's birthdate
December 31
3 years after date of oath of office at Manila Hotel
at the start of the calendar year
Under the RESA Law, the licensed broker found to have violated the law shall be penalized the amount of
P 100,000.00
P 20,000.00
Surety bond
dependent on the penalty incurred by the licensed broker
The value indicated in the Tax Declaration is
BROKERS' BOARD EXAM

2016 (MOCK)
a
b
c
d
87
a
b
c
d
88
a
b
c
d
89
a
b
c
d
90
a
b
c
d
91
Assessed value
Zonal Value
fair market value
Appraised value
Capital Gains and Doc Stamp taxes shall be remiited to BIR while transfer tax shall be with
Assessor's Office
Provincial Treasurer's Office
Office of Vice Mayor
Office of the Mayor
In case of socialized housing the ceiling value for the lot is
P 250,000.00
P 200,000.00
P 180,000.00
P 150,000.00
In the transfer of ownership in real estate transactions, the basic taxes are as follows , except
Capital gains tax
Documentary stamps tax
Transfer Tax
Idle land tax
Thesole property of the husband is is also called
conjugal property
community property
capital property
separate property
A property acquired by beneficiaries of the agrarian reform program can not be conveyed/sold the same within the 10-year
prescription, except
a
b
c
d
through hereditary succession

returned to the government
through the Land Bank of the Philippines
all of the above
A proceeding which the government undertakes in the exercise of its power to take private property must be with payment
of just compensation and for the purpose of
a
b
c
d
Road widening
public use
land banking for the government
socialized housing
The type of tax which needs to be paid once a parent or both parents passes away is
Withholding Tax
Capital gains tax
Estate tax
Donors tax
A 300 sqm lot located in Sta Rosa, Laguna was bought by a foreigner who by Philippine laws is not allowed to own a piece of land . The
same was eventually sold to a Filipino Citizen and this is considered
92
93
a
b
c
d
94
a
b
c
d
valid
void
voidable
no effect
Under the law, the following cannot acquire land of the person under whom the administration of the property is given
a
b
c
d
Legal guardian
Eldest sibling
relative to the first degree of consanguinity
real estate property manager
Manong German occupied an agricultural land way back in the 1950s under adverse and continuous possession. He may
acquire title to the land if he was in good faith and if he has been in possession for at least
a
b
c
d
a
b
c
d
50 years
10 years
25 years
20 years
The evidence of ownership of a 1-bedroom condo unit that a person has is
Original certificate of condo title
Original certificate of title
Condominium certificate of ownership
transfer certificate of title
a
b
c
d
In addition to the process of naturalization, a foreigner may also become a Filipino citizen through
Marriage to a filipino
residency in the Philippines for 10 years
born before the1935 Philippine Constitution
Acts of the Legislature
95
96
97
98
BROKERS' BOARD EXAM

2016 (MOCK)
For violations of the RESA and its IRR by a real estate partnership, the following may be made liable for violation
99
a
The President
b
Director of the company
c
The COO
d
The partner
100 How much will be the quarterly tax payment for a residential lot valued at P 1,800,000.00 if the tax rate is 2%
a
b
c
d
P 5,000.00
P 3,500.00
P 2,500.00
P 4,500.00
BROKERS BOARD EXAM

2016 MOCK
Module 2
1
a
b
c
d
2
a
b
c
d
3
a
b
c
d
4
a
b
c
d
5
a
b
c
d
6
a
b
c
d
7
a
b
c
d
8
a
b
c
d
9
a
b
c
d
10
a
b
c
d
11
a
b
c
d
12
a
b
c
d
13
a
b
c
d
14
a
The Subdivision and Condominium Buyers' Protective Decree is

BP 220
PD 957
RA 7279
PD 1216
The Realty Installment Act popularly known as the Maceda Law is
BP 220
PD 957
RA 7279
RA 6552
Refers to the law regulating the registration of Homeowners Association
RA 6552
RA 7160
RA 7279
RA 9400
Refers to as the Urban and Housing Development Act (UDHA)
RA 6552
RA 7160
RA 7279
RA 9400
This is the law that regulates the open space requirements of subdivision projects under PD 957
BP 220
PD 957
RA 7279
PD 1216
The Condominium Act is
RA 4726
PD 957
RA 7279
PD 1216
This is known as the Local Government Code of 1991
RA 6552
RA 7160
RA 7279
RA 9400
The law that defines the standards of Economic and socialized housing similar to PD 957
BP 220
PD 957
RA 7279
PD 1216
In the Realty Installment law, the buyer on installment payment scheme and who fails to pay succeeding payments after
2 years is entitled to a refund equivalent to
50% of installaments paid
In the Realty Installment law, the buyer on installment payment scheme and who fails to pay succeeding payments after
2 years is given how many grace periods to pay dues without penalty
30-day grace period for every year of installments paid
30-day grace period for two years of installments paid
The registration of Homeowners Association with HLURB is
mandatory
voluntary
optional
not necessary
One of the devolved functions of the HLURB to the Local government is
Issuance of approval of subdivision plans subject to national laws
Issuance of approval of License to sell subject to national laws
Issuance of approval of Locational clearance subject to national laws
Issuance of approval of Zoning Certificates subject to national laws
PD 957 is
Subdivision and Condominium Buyers' Protection Law
Condominium and Subdivision Buyers' Protection Decree
Condominium and Subdivision Buyers' Protective Decree
Subdivision and Condominium Buyers' Protectiive Decree
One of the devolved functions of HLURB to the LGU as per RA 7160 is
Formulation and approval of the comprehensive land use plan of the municipality
BROKERS BOARD EXAM

2016 MOCK
b
c
d
Issuance of approval of License to sell subject to national laws

Issuance of approval of Locational clearance subject to national laws
Issuance of approval of Zoning Certificates subject to national laws
a
b
c
d
RA 7279 requires the subdivision and condominium developers to develop a socialized housing component equivalent to
20% of the main project
25% of the subdivision/condominium project
10% of the main project
15% of the subdivision/condominium project
The open space requirements under PD 957 is
30% minimum
30% maximum
35%
40%
a
b
c
d
e
The following are attached agencies under the Housing and Urban Development Coordinating Council (HUDCC), except
Local Government Unit
HLURB
NHA
HDMF
SHFC
15
a
b
c
d
16
17
a
b
c
d
The developer who intends to develop a housing project must first obtain /Development permit from
Local Government Unit
HLURB
NHA
HDMF
The Homeowners' Association must be registered with this government agency
HLURB
NHA
HDMF
SEC
A subdivision plan which has streets, passageways, or open spaces refers to
Approved Subdivision Plan
Complex Subdivision Plan
Simple Subdivision Plan
Mixed Use Subdivision Plan
Type of Lot which refer to any of the lots, whether residential, commercial, industrial, or recreational, in a subdivision
project Subdivision Lot
Complex Subdivision lot
Simple Subdivision lot
Residential Lot
a
b
c
d
The refers to the entire parcel of real property divided or to be divided primarily for residential purposes into
condominium units, including all structures.
Condominium Project
Subdivision Project
Mixed Use Project
Industrial estate project
a
b
c
d
It refers to a part of the condominium project intended for any type of independent use or ownership including one or
more rooms or spaces located in one or more floors in a building
Condominium Project
Condominium Unit
Condominium common areas
Condominium Corporation
a
b
c
d
It refers to a public way with a width of 2.0 meters intended to break a block and to serve both pedestrian and for
emergency purposes only
Main Road
Secondary road
alley
pathwalk
18
a
b
c
d
19
a
b
c
d
20
a
b
c
d
21
22
23
24
A parcel of land bounded on the sides by streets occupied by or intended for buildings
Block
Street
alley
pathwalk
This refers to the facilities or structures intended to serve common needs and for the benefit of the community, such as
neighborhood/multipurpose center, drugstore, school, livelihood center
26
a
Club House
b
Swimming pool
c
Community Facilities
25
a
b
c
d
BROKERS BOARD EXAM

2016 MOCK
d
27
a
b
c
d
28
a
b
c
d
29
a
b
c
d
30
a
b
c
d
31
a
b
c
d
32
a
b
c
d
a
b
c
d
It is referred to as the space encompassed by the interior surface of the floor, ceiling, walls, doors and windows, which is
susceptible of independent use and ownership
condominium unit
common areas
condominium limited common areas
Condominium interiors
If one wanted to find out what his interest or share is in the common areas. It may be found in the this document which
needs to be registered with the RD
Master Deed
Condominium Rules and Regulations
Deed of restrictions
Tax Declaration of the Condominium unit
The HLURB may issue a temporary license to sell to a condominium developer which will be valid for
6 months
3 months
9 months
12 months
What is the minimum farmlot area of a farmlot subdivision project
750 sqm
500 sqm
1000 sqm
1500 sqm
a
b
c
d
Juan Dela Cruz bought a farmlot in Rosario, Batangas for his retirement place. The maximum percentage of the
buildable area of the farmlot is
45%
35%
25%
20%
33
a
b
c
d
34
a
b
c
d
35
a
b
c
d
36
37
38
a
b
c
d
39
Function Rooms
It refers to housing programs and projects covering houses and lots and homelots by either the government or private
sector for the underpriviledged and homeless citizens which shall include sites and services
Economic housing
Socialized Housing
Low cost housing
Housing Projects
The following are required to register with HLURB to sell subdivision lots, house and lots or condominium projects
based on HLRUB Board Resolution 922 Series of 2015
Real estate brokers and real estate salespersons
Licensed real estate brokers
Real estate salespersons
Licensed real estate brokers and accredited real estate salesperson
If one wants to venture into economic housing, the ceiling amount for economic housing consisting of house and lot
which took effect August 2015, is
P 750,000
P 1,250,000
P 450,000
P 1,700,000.00
The following is not used as a measure of the interest in the common area by a condo unit owner
Equal share
Based on floor area of their unit
Based on the value of their unit
Based on the number of bedrooms per unit
The following is not part of the Master Deed of a condominium project
Amenities and facilities per condo building
Number of buildings and stories per building
Condominium house rules and regulations
Extent of share in the common areas
The ownership of foreigners in a residential condominium project is limited to
60%
25%
75%
40%
A buyer wants to buy two 1- bedroom condominium unit adjacent to each other within a 12 month period subject to VAT
if the total cost exceeds
P 3,199,000.00
P 1,919,000.00
P 1,500,000.00
P 2,000,000.00
A structure containing niches for the interment of cremated human remains refers to
BROKERS BOARD EXAM

2016 MOCK
a
b
c
d
40
a
b
c
d
Niche
Mausoleum
Memorial Park
Columbarium
It is issued by HLURB in order that the developer of a condominium project may start selling units, pending other
requirements and to assess the market viability of the project
Certificate of Registration
License to Sell
Temporary License to Sell
Interim License to Sell
a
b
c
d
Refers to single-attached dwelling containing 3 or more separate living units designed in such a way that they abut each
other at the sides, as in a row, and are separated from each other by party walls.
Rowhouse
Tenement housing
Condominium Units
low-cost housing
Refers to areas allocated for circulation, parks, playgrounds, community facilities, easements, courts
Open space
Common areas
Multi-purpose facility
Clubhouse
a
b
c
d
The following requires a Certificate of Registration , Advertisment Approval and License to sell from HLURB, except
Sale of Memorial parks/columbarium
Sale of subdivision lots, house and lots
Sale of subdivision lot by original purchaser
Sale of farmlots by a developer
41
a
b
c
d
42
43
44
a
b
c
d
45
a
b
c
d
Under PD 957, the owner/developer shall deliver the title of the lot/house and lot/unit to the buyer upon
Full payment of the lot/unit
Turn over of the lot/unit
Occu[ancy of the lot/unit
Payment of the registration fees for issuance of the title
The developer of a subdivision project shall for purposes of promoting their mutual interest of the buyer, initiates the
organization of
Homeowners Association
Condominium Corporation
Property Management Corporation
Management Committee
a
b
c
d
Under the IRR of PD 957, the maximum length of a Block in a subdivision is

300 meters
400 meters
500 meters
750 meters
a
b
c
d
The approval of the following function has already been devolved to the local government unit from the HLURB
Approval of condominium plans
Approval of subdivision plans
Approval of subdivision condominium projects
Approval of Columbary Project
46
47
48
a
b
c
d
49
a
b
c
d
50
a
b
c
d
51
a
b
c
d
Under the IRR of PD 957, the minimum lot area for single detached open market housing shall be
80 sqm
120 sqm
60 sqm
50 sqm
For a rowhouse under PD 957, the minimum frontage is
3 meters
3.5. meters
4 meters
5 meters
For a rowhouse under BP 220, the minimum frontage for socialized housing is
3 meters
3.5. meters
4 meters
5 meters
For single detached corner lot under PD 957, the minimum frontage is
12 meters
10 meters
8 meters
6 meters
BROKERS BOARD EXAM

2016 MOCK
52
a
b
c
d
53
a
b
c
d
54
a
b
c
d
55
a
b
c
d
56
a
b
c
d
57
a
b
c
d
58
a
b
c
d
59
a
b
c
d
60
a
b
c
d
61
a
b
c
d
62
a
b
c
d
63
The IRR of PD 957 provides that the number of rowhouses per cluster shall not exceed
20 units/block
30 units/block
40 units/block
10 units/block
The minimum water supply requirement for subdivision as provided under the PD 957 is
150 liters/ capita/day
120 liters/capita/day
A public way with a width of 2 meters intended to break a block and to serve both pedestrian and emergency vehicles
an alley
pathwalk
Through lot
sidewalk
Under the IRR of BP 220, the minimum lot size for a socialized single detached unit is
28 sqm
48 sqm
72 sqm
64 sqm
Under the IRR of BP 220, the minimum lot size for economic single detached unit is
28 sqm
48 sqm
64 sqm
72 sqm
The minimum lot frontage of an irregular lot under the IRR of BP 220 is
4 meters
6 meters
8 meters
10 meters
It is a lot situated at the intersection of two or more streets is
corner lot
through lot
Intersection lot
Irregular lots
A habitable dwelling unit which meets the minimum requirement for a housing core with additional components such as
exterior walls, plumbing, floor and electrical wiring for the unit
Shell house
Bare house
Core house
Socialized housing
Under the BP 220 IRR, it refers to the habitable dwelling unit which meets the minimum requirement for a shell house
which includes doors, and partition walls for separating functional areas:
Complete house
Liveable House
Basic House
Minimum Basic House
The function of the HLURB to hear and decide cases of complaints by a buyer against the developer refers to
Judicial
Quasi-judicial
Administrative
Regulatory
Under the IRR of PD 957 the land allocation of the saleable and non-saleable area of a subdivision project
Maximum 70% saleable; minimum 30% non-saleable
Minimum 70% saleable and minimum 30% non-saleable
70% saleable; 30% non-saleable
maximum 70% saleable; maximum 30% non-saleable
The hierarchy of roads for a subdivision project with an area of 2.5 hectares and below as defined in the IRR of PD 957
is
motor court
a
major
minor
Alley
motor
court
b
major
collector
minor
Alley
motor court
c
major
minor
collector
Alley
Motor Court
major
collector
minor
Alley
Under the National Building Code, the habitable rooms with artificial ventilation have ceiling heights (floor to ceiling) not
less than
64
2.4 meters
a
1.8 meters
b
2.5 meters
c
d
BROKERS BOARD EXAM

2016 MOCK
d
65
a
b
c
d
66
a
b
c
d
67
a
b
c
d
68
a
b
c
d
69
a
b
c
d
70
a
b
c
d
71
a
b
c
d
72
a
b
c
d
73
a
b
c
d
74
a
b
c
d
75
a
b
c
d
76
a
b
c
d
77
a
b
c
d
78
a
3 meters
A habitable dwelling unit which meets the minimum requirements for a shell house with the following additional
components being included as part thereof: all windows and doors and partition walls for separating functional areas.
complete house
core house
shell house
bare
A type of housing project provided to average income families
economic housing
socialized housing
low cost housing
open market
That part or end of a lot that abuts a road/street
Frontage
Rear side
Easement
Culvert
The minimum dimension of a parking space is
2.5 by 5 m or 12.5 sqm
3 by 3 m or 9 sqm
4 by 5 or 20 sqm
2.5 by 3 m or 7.5 sqm
Pavement for all roads in Open Market and medium housing shall be
asphalt and macadam
concrete and asphalt
concrete and macadam
concrete, asphalt and macadam
The distance of one electric post to the other is measured at
50 meters
40 meters
30 meters
25 meters
The owner/developer of a project shall deliver the TCT/CCT to the buyer upon
payment of 30% downpayment
upon occupancy of the unit
upon issuance of the certificate of completion
upon fullpayment of the house & lot/condominium unit
The buffer zone for the Memorial park project if located along the main road shall be
25 meters
30 meters
40 meters
50 meters
The minimum size of a burial plot is
1.44 by 2 meters
1 by 2.44 meters
1.5 by 2 meters
1 by 3 meters
Mausoleum size shall be for a minimum plot size of
4 by 5 meters
3 by 5 meters
2.5 by 6 meters
2.5 by 5.5 meters
In the absence of any provision in the Master Deed, the share of unit owners in the common areas shall be
Equal Share
Based on floor area
Based on the price of the unit
Based on shares of stocks acquired
In general, it is not considered part of the Master Deed of a condominium project
Land on where the project is located
Number of buildingd and stories per building
Provisions for Management body of the project
Extent of share in the common areas
The life of condominium corporation under the law is for a period of
Co-terminous with the life of the project and corporation law
50 years
99 years
15 years
As proof of ownership of a condominium unit, the owner would have the best proof as
Condominium Certificate of Title (CCT)
BROKERS BOARD EXAM

2016 MOCK
b
c
d
79
a
b
c
d
80
a
b
c
d
81
a
b
c
d
82
a
b
c
d
83
a
b
c
d
84
a
b
c
d
Transfer Certificate of Title (TCT)

Condominium Certificate and Tax declaration
Tax Declaration
It is regarded as an interest in real property consisting of a separate interest in a unit in a building and an undivided
interest in common in the land on which it is located and in other common areas
Condominium Unit
Condominium
Condominium project
The following is not used as a measure of the interest in the common area by a condo unit owner
Equal share
Based on floor area of their unit
Based on value of their unit
Based on the number of bedroom per unit
The condominium corporation formation is required
As provided in the Articles of Incorparation
At least 60% Filipino ownership
At lease one foreigner owns a unit
Of purely residential condominium units
As owner of a condominium unit, the owner would be liable to pay real estate taxes
of his/her unit
share in the taxes of the common areas
100% share on the unit and 50% on the common areas
none of the above
It is referrred to as the space encompassed by the interior surface of the floor, ceiling walls and exterior doors and
windows which is susceptible of independent use and ownership
Condominium Unit
Condominium
Condominium project
If one wanted to find out what his interest or share is in the common areas. It may be found in the following documents
Master Deed
approved Site development plan
Articles and By-Laws
License to Sell
a
b
c
d
A condominium corporation is important as It will be the management body of the condominium project and more
importantly, will also
Hold title to the land of the condominium project
Pay for taxes of all unit members
Coordinate annual membership meeting
Ensure cleanliness of the common areas
A unit owner does not have the following right as a condominium unit owner
To pay for share in insurance of the condo project
To pay for the insurance of the condo unit
To settle unpaid association dues of his/her neighbors
To paint the exterior of the unit
a
b
c
d
If a unit owner has unpaid assessments, the notice of assessment will be considered a lien on the condominium unit if
A notice of assessment is registered with the Register of Deeds
there is a petition from the Condo Corp to pay assessment within a given period
The unpaid assessment is equivalent to the amount of the unit
None of the above
a
b
c
d
It refers to the weight bearing walls, columns and beams, stairways, halls, elevators, etc. including the electrical, water
and plumbing systems and amenities in a condominium project
Condominium Unit
Condominium project
Common area
Structural finish
85
a
b
c
d
86
87
88
89
a
b
c
d
90
a
b
c
d
Ambo sold his 3 bedroom condo unit to a buyer. To register the sale he must get from the condominium corporation this
document
Certificate of management
Clearance and Gate Pass
Authority to Sell
Approval of Sale
A buyer failed to pay his installment payments after paying 5 years for a 1-bedroom residential condominium unit on a 10year installment payment. What will be his percentage refund under the Maceda Law
50% only
total of 90%
75%
30%
BROKERS BOARD EXAM

2016 MOCK
91
a
b
c
d
92
a
b
c
d
93
a
b
c
d
94
a
b
c
d
95
a
b
c
d
96
a
b
c
d
97
a
b
c
d
98
a
b
c
d
99
a
b
c
d
100
a
b
c
d
101
a
b
c
d
102
a
b
c
d
103
a
b
c
d
104
a
b
It is the law entitled Environmental Impact Statement System which was signed in 1978
PD 1586
PD 1856
PD 1216
PD 957
It is the agency that protects the land titles from loss, fraud, etc
LMB
HLURB
DENR
LRA
The proof of ownership of the first/original owner of a property
OCT
TCT
CCT
Ownership rights
The cardinal directions are as follows
East
North
West
South
Southwest
North
eastwest
Northeast
south
North
east
western
eastwest
North
south
western
It refers to the most reasonable price of land and shelter based on the needs/financial capability of
program beneficiaries under RA 7279
Economic Housing
Affodable Housing
Socialized Housing
Low cost
The following are the types of surveying conducted in the Philippines, except
Hydrographic
Aerial
land/cadastral
Intercontentinental
The government agency tasked to conduct/perform hydrographic survey is
DENR
Land Management Bureau
DAR Survey Division
NAMRIA
It defines the exact location of property boundaries as stated in the technical description in a TCT
Muhon
concrete monument
cylindrical monument
cylindrical concrete monument
It is referred to as the CARPER Law enacted in 1999
RA 6657
RA 6552
RA 7279
RA 9700
The retention limit of land owners under the CARP law is
5 hectares
7 hectares
5 + 3 Hectares per child who are involved in managing the farm
5 hectares plus 3 hectares for each 15-year old child actually tilling or managing the farm
In the RA 9700, the land valuation of the property paid to the lot owners is
25% zonal value
70% zonal value
50% zonal value
government-prescribed valuation
PARC under RA 9700 refers to
Presidential Advisory Reform Council
President's Advisory Reform Council
President's Advisory Reform Council
Presidents Awards Reform Council
It is serves as the dictionary , it is the key to all symbols in a map.
Scale
International Symbols
Legend
Colors and themes
It is a graphic representation of how a place looks like from above
Map symbols
Map Legend
BROKERS BOARD EXAM

2016 MOCK
c
d
105
a
b
c
d
106
a
b
c
d
107
a
b
c
d
108
a
b
c
d
109
a
b
c
d
110
a
b
c
d
111
a
b
c
d
112
a
b
c
113
a
b
c
d
114
a
b
c
d
115
a
b
c
d
116
a
b
c
d
Map
tourist map
The following are elements of surveying, except
distance
elevation
direction
width
The coverage of hydrographic survey in the Philippines are
Archipelagic waters, territorial seas
Exclusive Economic zone (EEZ)
Extended Continental Shelf (ECS)
All of the above
The minimum house area in a single detached house under PD 957 is
42 sqm
48 sqm
64 sqm
72 sqm
The color yellow in the zoning map represents which zone
Residential
commercial
industrial
Institutional
The color red in the zoning map represents which zone
Residential
commercial
industrial
Institutional
The color blue in the zoning map represents which zone
Residential
commercial
industrial
Institutional
The color purple in the zoning map represents which zone
Residential
commercial
industrial
Institutional
The color dark green in the zoning map represents which zone
Residential
commercial
Forested area
Institutional
The basis from which the Philippines is claiming territorial limits over the Panatag Shoal over China in the West
Philippine Sea is a result of which survey type
Aerial Survey
Cadastral Survey
Hydrographic survey
combination of all of the above
CLUP of a city/municiality refers to
Complete land use program
comprehensive land use program
comprehensive land use plan
Complete land utilization plan
The minimum house area in a single detached house under BP 220 Economic Housing is
32 sqm
28 sqm
30 sqm
22 sqm
The allowable road pavement of housing projects under BP 220 is
dirt road/macadam/asphalt
concrete/asphalt/macadam
asphalt/macadam
gravel/asphalt
Refers to any person, group, authority, association, public corporation, private corporation, or other body
undertaking or intending to undertake a project or program and duly vested with administrative authority and
responsibility, over the project or program.
117
a
b
c
Proponent
Stakeholders
LGU
BROKERS BOARD EXAM

2016 MOCK
d
118
a
b
c
d
119
a
b
c
d
120
a
b
c
d
121
a
b
c
d
122
a
b
c
d
123
a
b
c
d
124
a
b
c
d
125
a
b
c
d
126
a
b
c
d
127
a
b
c
d
128
a
b
c
d
129
a
b
c
d
130
a
b
c
d
131
a
Private sector
The approved CLUP is presented to this august body for its ratification
Sanggunian Pambansa
Sanggunian Panlalawigan
Sanggunian Bayan
Sandiggan Bayan
The Registers of Deeds is under the Land Registration Authority (LRA), while LRA is under the
Office of the President
Department of Environment and National Resources
Office of the Solicitor General
Department of Justice
It is the policy of the LGU which implements and controls land uses within the city/municipality
Approved Comprehensive Land Use Plan
Zoning Ordinance
Zoning
land use classification
Acceptance of donation of the open space by the local government is
mandatory
non-obligatory
optional
subject to approval by the local council
Donation of the open space of a subdivision by its HOA is
mandatory
non-obligatory
optional
Voluntary
The following are the manners of compliance under the Balance Housing Program of RA 7279, except
New socialized housing development
Community Mortgage Program
NHA's SIRP and ZIP
Corporate Social Responsibility to indigent groups
Under RA 9904 entitles Magna Carta of Homeowners Association, membership to HOA is
Voluntary
mandatory
Free of Charge
requires annual dues of P 25/sqm
Under RA 9904 entitles Magna Carta of Homeowners Association, registration of the HOA to HLURB is
Voluntary
mandatory
after expiration of the registration with SEC
not required as long as registration with DTI still valid
The coverage of the RA 9904 entitled Magna Carta of Homeowners and Homeowners Association, is the association of
horizontal condominium unit owners
owners of housing units within a residential subdivision
vertical condominium
low-rise housing projects
It refers to the agreement of two parties, to pool their resources together to come up with a spefici task or new project
Joint Venture Agreement (JVA)
Turn-Key Development
Combination of Residential and Commercial project by 2 developers
owner-developer of a high building
It divides the community/locality into districts and imposes different land use controls
Zoning
town plan
Zoning Ordinance
town planning and zoning
It refers to the rational and judicious approach of allocating available land resources, different land use activities for the
overall development of a locality
land use planning
urban land refrom program
town planning and zoning
development planning
It is the law that strengthens the CARP law , and is popularly known as the CARPER law
RA 9700
RA 9904
RA 7279
PD 27
The award ceiling for beneficiaries of the CARPER law is
3 hectares
BROKERS BOARD EXAM

2016 MOCK
b
c
d
132
a
b
c
d
133
a
b
c
d
5 hectares
7 hectares
1.5 hectares
The lands awarded to farmer-beneficiaries can not be conveyed within 10 years period except through
hereditary succession
to the government
to the Land Bank of the Philippines
all of the above
It is the Head agency which supervises shelter agencies like HLURB, HDMF, NHMFC, NHA
Department of Housing
Housing and Urban Development Coordinating Council
Presidential Committee on Housing and Development
none of the above
The following are the requirements for licensed real estate brokers and accredited sales persons registration with
HLURB
a
Surety or Cash Bond - P5,000.00
b
photocopy of PRC License/accreditation
c
Official Receipt to evidence payment of P 720 or P 280
d
135
a
b
c
d
e
136
a
b
c
d
137
a
b
c
d
138
a
b
c
d
139
a
b
c
d
140
a
b
c
d
141
all of the above

Under PD 957, the duties of owner/Developers of subdivision projects are as follows, except
Non-forfeiture of payments
Mortgage
Delivery of Title
Project completion
all of the above
The period of completion of a subdivision project is
One year from the date of the issuance of the License to Sell
Two years from the date of the subdivision approval by the LGU
6 months or upon expiration of the temporary License to Sell
none of the above
It initiates the creation of a homeowners association
owner-Developer
20% of the unit buyers
HLURB
NGO
The processing and approval of development permit and license to sell of horizontal and vertical condo projects is with
HLURB
Local Government
Local Government and HLURB, respectively
HUDCC
Approval of development permit and license to sell of columbarium, memorial park is a function of
HLURB
Local Government
Local Government where project is located
HUDCC
By 2016, this government agency shall commence the conversion of all land titles to e-titles
Register of Deeds (RD)
Land Registration Authority (LRA)
Department of Justice
Department of Finance
Unless globally all of mankind works togther to address global warming, the temperature of the earth will increase by
how many degrees
a
2 degrees Centigrade
b
4 degrees Farhenheit
c
1 degree centigrade every 2 years
d
142
a
b
c
d
143
a
b
c
d
144
a
5 degrees
It is the 2015 phenomenon which is going to extend up until after the 1st quarter of 2016
El Nino
Dry Spell/Drought season
La Nina
Extended Rainy Season
The following criteria is used in locating areas for settlement/housing projects, except
Outside of the West Valley Fault
15-meter buffer zone from centerpoint of High-voltage transmission line
Within the residential zone or permitted uses as defined in the Zoning Ordinance
Within a memorial park
Total subdivision Project cost is a sum total of the raw land, development cost and
cost for housing component
BROKERS BOARD EXAM

2016 MOCK
b
c
d
145
a
b
c
d
146
a
b
c
d
147
a
b
c
housing component plus marketing cost

Marketing cost
Expenses incurred in the procurements of government permits and licenses
The ff can do joint venture with the Main Project developer upon accredidation with HLURB provided
Socialized Housing Developer with a tract record of at least 500 developed units
No pending Cease and Desist Order on any of its project filed with RFO of HLURB
No unpaid fees/dues with HLURB
All of the above
The following are allowed to go on joint venture with the developer of main project provided they have prior accreditation
with HLURB
Socialized Housing Developer
Non-government organizations involved in housing projects
other housing agencies
all of the above
IN the recent amendment of HLURB Board Resolution 921, this sector is not involved in marketing of real estate
projects
Developers
Dealers
Appraisers
d
148
Contractors
The validity of the Development Permit issued by the LGU from it date of issuance is
a
5 years
b
4 years
c
d
a
b
c
d
3 years
1 year
Condominium units owners is mandated to form a
Condominium Unit Association
Homeowners association
Cooperative
Condominium corporation
a
b
c
d
e
Under RA 7160, all LGUs are mandated to ensure environmental protection of their locality in line with PD 1586 by
implementing the ff laws,
The Philippine Clean Water Act of 2004
Ecological Solid Waste Management Act
Toxic Substances, Hazardous and Nuclear Waste Control Act of 1990
The Philippine Clean Air Act of 1999
all of the above
149
150
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2016 MOCK
Module 3
A natural or juridical person, who is engaged in the trade of leasing his own real properties and with the purpoe of
realizing profit is a
1
a
b
c
d
2
a
b
c
d
3
a
b
c
d
4
a
b
c
d
If a licensed RE broker would want to be entitled to professional fee even if the owner is the one who finds a buyer, he
must get the following authority to sell
5
a
b
c
d
6
a
b
c
d
7
a
b
c
d
8
a
b
c
d
9
a
b
c
d
10
a
b
c
d
11
a
b
c
d
12
a
b
c
d
13
Real estate dealer

Real estate trader
Real estate broker
real estate businessman
To engage in a real estate brokerage in the field of leasing warehouse, the person must be
registered with HLURB
licensed under PRC
both (a) and (b)
licensed both by PRC and HLURB
To protect the real estate broker, a provision maybe included in the authority to sell that if the property is sold after the
expiration of the authority, the broker is entitled to professional fee. This provision is referred to as
Exclusive Authority to sell
Hold over clause
Extended Hold over clause
commission due
A real estate broker is selling a 1,000 sqm lot to his buyer. When is he entitled to his commission/professional fee?
Upon consumation of the contract
Upon perfection of the contract
Upon transfer of the title to the buyer
upon downpayment of the buyer
Open Listing
Exclusive right to sell
Exclusive agency
non-exclusive authority
One of the most important thing for a real estate broker to be entitled to a professional fee is
He must be the procuring cause
He must find a cash buyer
He must be registered with HLURB
He must post a bomd as required by the owner
The law that governs the relationship between the broker and property owner in a lease transaction is
Law of brokerage
Law on Agency
Law on Lease
Law on real estate service
The following is not considered a function of real estate broker
To sell a house and lot of the owner
To assist buyer in obtaining a housing loan
To draft the legal contract
to find a developer for joint venture
For Jimmy to start his real estate brokerage practice, the first step is to
To hire real estate salespersons
To put up an office
To schedule trippings with clients
To secure property listings
Mrs Batongbakal just passed the brokers exam and got her license. She must also pay her professional tax to
BIR
HLURB
Treasurers Office
PRC
Which of the following is not really part of the steps in real estate brokerage?
Negotiation
Closing
Presentation and demonstration
Turn-over of possession of property
It is the step in real estate brokerage when through the broker's mediation, the minds of the parties meet and agrees to
the proceed with the buy and sell transaction of a real estate subject to agreed terms and conditions
Negotiation
Closing
Agreement
Finalization of contract
An agreement wherein the consideration of a contract, or a portion thereof, is entrusted to a 3rd party in a sale
transaction
a
Earnest Money agreement
b
Contract to sell
c
Option contract
BROKERS BOARD EXAM

2016 MOCK
d
14
a
b
c
d
15
a
b
c
d
16
Escrow agreement
In their business card, advertisement, it is required that a real estate broker who deals in rawland sales indicates the ff:
PRC License Number
HLURB Registration number
Area of Specialization
Expiry date of License
An authority given by the buyer for the broker to secure financing, or an authority given by a financing firm for the
broker to procure borrowers
Loan Agency
Mortgage agency
Financing agency
Borrowers agency
When a broker come into a cooperative arrangement where properties for sale or wanted by a broker are circularized
and share with other is called
a
b
c
d
Multiple Listing
List sharing
Cooperative listing
Organized Listing
Carla found a buyer who might be willing to buy and pay cash for the lot in a subdivision. The buyer would generally be
classified as a
a
b
c
d
prospect
client
ready buyer
sure buyer
The person, whether natural or juridical to whom the part or whole of the money is entrusted to another other than the parties
Escrow agent
Real estate broker
Depository bank
Third party
In real estate, it refers to the most reasonable price of land and shelter based on the needs/financial capability of
program beneficiaries under RA 7279
17
18
a
b
c
d
19
a
b
c
d
Economic housing
low cost housing
affordable housing
socialized housing
How many areas for priority development (APDs) are there in Metro Manila covered by Proclamation No. 1967
amending Proc No. 1893
a
b
c
d
110
244
254
300
It refers to the process of upgrading and rehabilitation of blighted and slum urban area with a view of minimizing
displacement of dwellers in said area
Slum development
Slum upgrading
on site development
On site upgrading
The acquisition of land at values based on existing use on advance of actual need to promote planned development
and socialized housing programs
20
21
a
b
c
d
22
a
b
c
d
Land consolidation
Land use plan
land banking
land forecasting
The process of land acquisition by exchanging land for another piece of land of equal value, or for shares of stock in a
government or quasi-government corporation, for the purpose of planned and rational development and provision for
socialized housing
a
b
c
d
land acquisition
land banking
land swapping
land exchange
They are referred to as individual or groups who occupy land without the express consent of the landowner and who
have sufficient income for legitimate housing
a
b
c
d
Informal settlers
Slum dwellers
squatters
Professional squatters
A person is given this degree of protection afforded to qualified program beneficiaries against infringement or unjust,
unreasonable and arbitrary eviction or disposition
23
24
25
a
b
security of tenure
Right of first refusal
BROKERS BOARD EXAM

2016 MOCK
c
d
Priority right
First preference
The area identified by the appropriate government agency by the LGU with respect to areas within its jurisdiction
which shall be used for the relocation of the underpriviledged and homeless citizens
a
b
c
d
Resettlement areas
Relocation areas
Off-site relocation
redeployment areas
The program of the NHA of upgrading and improving blighted areas outside of Metro Manila pursuant to existing
statutes and pertinent executive issuances
a
b
c
d
Slum improvement program

Slum improvement and resettlement program
Slum resettlement and community program
Slum resettlement program
Sites and lands which display marked and great potential of becoming urban areas within the period of five (5) years
Potential urban areas
Future urban areas
Urbanizable areas
identified urban areas
The urban and development housing program does not cover the following
Areas for priority development
Lands is urbanizable areas
Resettlement sites
Sites used or set aside for parks, reserves for flora and fauna
To qualify for socialized housing program, a beneficiary must not be
a member of the squatting syndicate
underpriviledged and homeless
landless
a Filipino citizen
For developer of proposed subdivision projects, it shall be required to develop an area for socialized housing
equivalent of the total subdivision project at least
26
27
28
a
b
c
d
29
a
b
c
d
30
a
b
c
d
31
a
b
c
d
32
a
b
c
d
33
a
b
c
d
34
10%
15%
20%
30%
The law that requires LGUs to prepare their respective land use plan is
RA 7160
RA 6552
RA 6657
RA 9700
It is the government agency that assists the LGUs in the formulation of their respective land use plans
HUDCC
HLURB
HDMF
LGU
The rational & deliberate allocation of land resources to different uses on the comprehensive /integrated plan for the
area
a
b
c
d
Land use plan

Zoning
town plan
Area usage plan
The division of the community into functional zones based on the recent and potential uses of properties for the
purposes of regulating the use and growth of properties
a
b
c
d
Plans
area allocation
zoning
land classification
The classification of R-1 in a zoning area means
Low density residential area
Medium density residential area
High density residential area
General residential zone
It is defined as a contiguous grouping of 10 more structures
Built-up area
contguous area
Integrated area
high density area
It refers to a document embodying specific proposal for guiding regulating growth and development of a city or municipality
Community land use plan
35
36
a
b
c
d
37
a
b
c
d
38
a
BROKERS BOARD EXAM

2016 MOCK
b
c
d
39
a
b
c
d
40
a
b
c
d
Comprehensive land use plan

Comprehensive land use development plan
Comparative land use programs
The ratio between the gross floor area of a building and the area of the lot on which it stands
Maximum floor area
Floor area ratio
Lot floor area ratio
Height to floor ratio
"Ecology" is often used more loosely as a synonym to the word
Natural environment
ecological balance
Green environment
Ecosystem
It is the biological environment consisting of all the organisms living in a particular area, as well as all the non-living
components of the environment
41
a
b
c
d
42
a
b
c
d
43
a
b
c
d
44
a
b
c
d
45
a
b
c
d
46
a
b
c
d
47
a
b
c
d
48
a
b
c
d
49
a
b
c
d
50
a
b
c
d
Ecosystem
Environment
environmental system
Bio-eco system
The government tasked to protect the environment and natural resources of the country
Department of Environment of Natural Resources
Department of Environment and Natural Resources
Department of Environmental and National Resources
It refers to the non-living elements and the physical compnents of the environment
non-living materials
Inert elements
Abiotic
Biotic
The process that involves predicting and evaluating the likely impacts of a project
Impact study of projects
Impact study
Environmental impact assessment
environmental system
A Certificate issued by the EMB certifying that the proposed project is not covered by the EIS system and is not
required to secure an environmental compliance certificate
Certificate of Non-Coverage
ECC Clearance
Exemption Certificate
Certificate of Coverage Exemption
It refers to the projects which may pose sigificant negative environmental impact at certain thresholds of operation
regardless of location
Environmental critical project
Environmental impact projects
Environmental critical area
Environmentally negative projects
It is declared as the area as environmentally sensitive for projects that may have significant negative impacts
Environmental critical project
Environmental impact projects
Environmentally critical area
Environmentally negative projects
The general amount of pollution present in a broad area, and refers to the atmosphere's average purity
Ambient air quality
Atmospheric quality
Air pollution quality
Atmospheric air quality
It is defined as the burning of municpal, biochemical and hazardous waste which emits poisonous and toxic fumes
Inceneration
Cremation
Open pit burning
kaingin
The law that governs the protection of the environment, particularly covering the pollution control of the atmosphere in
the country

The Philippine Atmospheric Act of 1999
The Clean Air Act of the Philippines
The Atmospheric and Clean Air Act of the Philippines
51 The law that regulates the importation, processing and use and disposal of toxic and hazardous substances is
a
b
BROKERS BOARD EXAM

2016 MOCK
c
d

The document issued by the DENR stating that the project or undertaking will not cause significant negative
environmental impact
a
b
c
d
Environmental Compliance Certificate

Certificate of Envronment Compliance
Certificate of Compliance to EIS
Environment compliance completion
The law that ebsures advanced prevention, control, abatement pollution in water resource and ecological protection
The following laws and regulations ensures environmental protection and negative impacts on humans, except
NoSMoking Zone and Areas in all Metro Manila Establishment
The following are the components of the Biotic Organisms, except
Producers
Consumers
Decomposers
Climate regime
The following are abiotic components in an ecosystem, except
Organic compounds
Inorganic
Climate regime
heterotrophs
The following makes up the Real Estate Ecosystem
Living (biotic) and non-living (abiotic)
Inhabitants, buildings, community
Inhabitants, population, community
Organisms, community and ecosystem
It is the law entitled Environmental Impact Statement System which was signed in 1978
PD 957
PD 1586
PD 1856
PD 1216
The attached agency under the DENR who is tasked to implement the EIS is
Environmental Management Bureau (EMB)
Environment Management Bureau (EMB)
PENRO
CENRO
The following falls under the Environmentally critical projects, except
Coral reef
Roads and bridges
Smelting Plants
Golf courses
The following falls under the Environmental Critical areas, except
Potential Tourist spots
Garment factory
Mangrove areas
Prime agricultural area
52
53
a
b
c
d
54
a
b
c
d
55
a
b
c
d
56
a
b
c
d
57
a
b
c
d
58
a
b
c
d
59
a
b
c
d
60
a
b
c
d
61
a
b
c
d
Refers to any person, group, authority, ssociation, public corporation, private corporation, or other body
undertaking or intending to undertake a project or program and duly vested with administrative authority and
responsibility, over the project or program.
62
a
b
c
d
Geodetic Engineer
Proponent
juridical person
developer
Refers to the activity undertaken by DENR to gather facts and elicit all issues, concerns and apprehensions and at the
same time provide the proponent with the opportunity to present the project or programs to the people/community who
would be affected by such.
63
a
b
c
d
Data Gathering
Public Hearing
Public Announcement
Public Consultation
64 Refers to entities who may be directly and significantly affected by the project or undertaking.
a
Private sector
b
Stakeholders
BROKERS BOARD EXAM

2016 MOCK
c
d
65
a
b
c
d
66
a
b
c
d
67
a
b
c
d
68
a
b
c
d
69
a
b
c
d
70
a
b
c
d
71
a
b
c
d
72
a
b
c
d
73
a
b
c
d
74
Government agencies
Non-government organization
Ecology covers the study of
Living (biotic) and non-living (abiotic)
Ecosystem, population, community
Inhabitants, population, community
Organisms, community and ecosystem
It is the transfer of food from plants through a series of organisms with repeated stage of eating and being eaten
Photosynthesis
food chain
food web
Food Channels
This is a third party certification for buildings that are environmentally compatible, provide a healthy work enviroment
and are profitable.
LIDE
LEAD
LID
LEED
It is a type of development approach that integrates environmental responsiveness, resource efficiency and cultural
sensitivity
Eco-friendly develoment
Green Development
Green Building
Environmental Effectiveness approach
The Indigenous People/tribal groups in the Philippines accounts for a total of
110
1000
100
1100
61% of this tribal group is found in
Visayas Region
Cordillera Region
Mindanao Area
Palawan
33% of this tribal group is found in
Visayas Region
Cordillera Region
Mindanao Area
Palawan
A Section in the EIS that details the prevention, mitigation, compensation, contingency and monitoring measures to
enhance positive impacts and minimize negative impacts and risks of a proposed project or undertaking.
Certificate of Completion
Environmental Compliance Certificate
Environmental Management Plan (EMP)
Environmental Impact Statement
The problematic sources of pollution are, air, water and
Hospital waste
Noise
Solid waste
Human fluids
Refers to the documentation of studies on the environmental impact of a project or program including the discussion
on direct and indirect consequences upon human welfare..xxx
a
Enviromental Impact Statement/Study (EIS)
b
c
Enviromental Impact Assessment (EIA)
d RefersEnvironmental
Funding
to the processGuarantee
of predicting
the likely environemntal consequence of implementing projects and program
75 activities
a
Enviromental Impact Statement/Study (EIS)
b
c
Enviromental Impact Assessment (EIA)
d
Environmental Guarantee Funding
76 It is hierarchy of solid waste management, this is the last method
a
solid waste reduction
b
treatment
c
collection
d
disposal
77 A solid waste transfer station or sorting station, drop-off center, and composting facility and recycling facility
a
Junk Shop
b
Materials recovery facility
c
Materials drop-off station
BROKERS BOARD EXAM

2016 MOCK
d
Dumping site
A disposal area wherein the solid waste are indiscriminately thrown or disposed of without due planning and
consideration for environmental and health standards
a
b
c
d
open dump
sanitary landfill
Neighborhood dumping site
junk sites
The 3 Rs in the environmental advocacy are, except
Re-Use
Recycle
Reduce
Remove
Refers to any person, group, authority, association, public corporation, private corporation, or other body undertaking
or intending to undertake a project or program and duly vested with administrative authority and responsibility, over the
project or program.
78
79
a
b
c
d
80
a
b
c
d
Proponent
juridical person
developer
Geodetic Engineer
Refers to the activity undertaken by DENR to gather facts and elicit all issues, concerns and apprehensions and at the
same time provide the proponent with the opportunity to present the project or programs to the people/community who
would be affected by such.
a
b
c
d
Public Hearing
Public Announcement
Public Consultation
Data Gathering
It is an open, transparent, gender-sensitive, and community based process aimed at ensuring the social acceptability
of a project or undertaking, involving the broadest range of stakeholders, commencing at the earliest possible stage, of
project design and development and continuing until post-assessment monitoring.
a
b
c
d
Public Participation
Public Announcement
Public Consultation
Public Solicitation
Refers to entities who may be directly and significantly affected by the project or undertaking.
Stakeholders
Government agencies
Non-government organization
Private sector
It is the fund that a proponent shall set up after an ECC is issued for its project or undertaking, to be used to support
the activities of the multi-partite monitoring team. It shall be immediately accessible and easily disbursable.
81
82
83
a
b
c
d
84
a
b
c
d
Environmental Monitoring Fund (EMF)

Environmental Guarantee Fund
Surety Bond
Cash Bond
It is a fund to be set up by a project proponent which shall be readily accessible and disbursable for the immediate
clean-up or rehabilitation of areas affected by damages in the environment
a
b
c
d
Environmental Monitoring Fund (EMF)

Environmental Guarantee Fund
Surety Bond
Cash Bond
DENR refers to
Department of Environment and Natural Resources
Department of Environmental Natural Resources
Department of Education and National Resources
The agency under the DENR in charge in the implementation of the EIS is
Environmental Management Bureau (EMB)
Land Management Bureau
Employee Management Bureau
all attached agencies
The following are economic indicators except
Volume of traffic
Investment and savings
Population, employment and unemployment
gross domestic product
The amount of enterprenurial profit
Reflect the success of the project
is based on how project expenses are categorized
can not be estimated accurately
85
86
a
b
c
d
87
a
b
c
d
88
a
b
c
d
89
a
b
c
BROKERS BOARD EXAM

2016 MOCK
d
90
a
b
c
d
91
a
b
c
d
92
a
b
c
d
will always be the same

The form of deed used to return the title to the real estate to its owner when the debt secured by the deed is paid in full
Warranty Deed
Reconveyance Deed
Quit Claim
Tax Deed
Effective gross income is an anticipated income from operation of a project after adjustments for
Operating Expense
Realty Tax and insurance
Vacancy and credit
all of the above
The financial devise used to maximize cash flow using other people's money is commonly referred to as
Liquidity
Equity
Tax Shelter
Leverage
As the supply of developable land increases, and as demand continues to rise, the value of the remaining land will
93
a
b
c
d
94
a
b
c
d
95
a
b
c
d
96
a
b
c
d
97
a
b
c
d
98
a
b
c
d
99
a
b
c
d
100
a
b
c
d
101
Tend to rise in value

remain rent and economic rent
tend to fall in value
Demand has no effect in value
The term investment value is best describes as value to
typical investor
particular investor
a user
a tender
Risk due to the debt financing is referred to as
interest risk
financial risk
leverage risk
equity risk
All the following types of broad forces affect value, except
physical
intellectual
political
social
Price and value are
not necessarily the same
synonymous
different depending on financial terms
close together in an inactive market
A loss in property value from any cause is
Obsolescense
Deterioration
Acceleration
Depreciation
When a property's hiest and best use is likely to change in the near future, the prevailing highest and best use is called
Interim use
Temporary Use
Pending Use
Alternative use
Which of the following is not a characteristic of value
Utility
Scarcity
demand
Cost
The point where increased investment in the agents of production no longer result in increased profit is known as profit
of
a
No return
b
Surplus productivity
c
Marginal productivity
d
Diminishing returns
102 The principle of subsitution is applied in which approach to value
a
Sales comparison approach
b
Income approach
c
Cost approach
d
all of the above
103 The principle of highest and best use holds that
a
Improved property should be appraised for its current use
BROKERS BOARD EXAM

2016 MOCK
b
the land should always be appraised for its highest and best use
c
the market value of property is light of all possible legal uses
d
Commercial use is inherently more valuable than residential use
104 The principle of substitution holds the purchaser to pay no more for a property than
a
the maximum he can afford
b
the cost of acquiring and equally desireable substitute
c
the price of a previously owned property
d
the price of property with greater utility
105 Which of the following conditions is assumed in the normal definition of market value?
a
the estate value is as of a future date
b
The property will sell promptly
c
payment will be made in cash or its equivalent
d
Only the buyer is knowledgeable as to the potential uses of the property
In conducting thehighest and best use of parcel of land to be improved with office building, the appraiser dtermines the
106 optimal land to building ratio for the parcel. Which of the following economic principle illustrates this best
a
Anticipation
b
Balance
c
Contribution
d
Substitution
An estimate of the accrued depreciation is an important part of the cost approach to value which of the ff economic
107 principles is the foundation on which estimating accrued depreciation is based?
a
b
c
d
108
a
b
c
d
109
a
b
c
d
110
a
b
c
d
111
a
b
Anticipation
Balance
Contribution
Substitution
IN which market are there many potential buyers but few properties avaiable
demand
Buyers'
Sellers'
Low-priced market
Which type of studies tests the ability o various proposed improvements to meet investment objectives?
Market
Feasibility
Marketability
Cost Benefit
A mortgage secured by legal against two or more separate propertie is referred to as
wrap-around mortgage
participation mortgage
blanket mortgage
ground lease mortgage
The highest and best use sites is its
existing use
most probable use that is legal, physically possible, and provides the highest financial returns
c
d
112
a
b
c
d
113
a
b
c
d
114
a
b
c
d
115
a
b
c
d
116
a
immediate next use

ordinary and necessary use
The period over which a building may be profitably used is its
Actual life
physical life
useful life
effective life
An improvement's remaining economic life is
its chronological age
its effective age
the future time span over which the improvement expected to generate benefits
its effective age minus its chronological age
The term economic base analysis can be describes as
Analysis of the economic activity of a community that allowed one to attract income from outside the boundaries
Analysis of population trends in a community
compliation of demographic data from comparable area
Analysis of how interest rates will affect the base rent on a property
Which of the following statements applies to a corner influence
corner sites have a higher value per square meter than other sites
coner sites are preferable to interios properties
corner sites have gerater utility than other sites
corner influence tables can be used to determine how a corner site affects the property's value
What is the distinction between the terms market price and market value
Market price is what he seller asks for, while market value is what the buyer actually pays
b
c
Market price is what the property sells seller while market value is what sales should be to typical buyer
marke price is what is currently owned on the property while market value is what is bought
BROKERS BOARD EXAM

2016 MOCK
d
market price is synonymous with replacement cost, while market value is the same as assessed value
117 Market area cycle includes

a
growth , stability, decline and revitalization
b
growth, level of appreciation, and decline
c
growth , stability, decline and gentrification
d
growth , stability, appreciation and decline
118 The following are economic indicators, except
a
Investment and savings
b
Volume of traffic
c
Population, employment and unemployment
d
gross domestic product
Demand is one of the essential elements or characteristics of value, however, deman to influence value there must
119 also be
a
b
c
d
Need
An adequate supply
Good sales technique
Purchasing power
Which principle of value suggests that the value of a property is equal to the present value of the property's projected
120
income
a
Balance
b
Opportunity Cost
c
Anticipation
d
Substitution
121 The four agents of production are
a
Land, labor, capital, money
b
Land, labor, capital, enterprenuership
c
land, improvements, labor, materials
d
Land, labor, capital, improvement
122 The decrease in land value is the result of
a
wear and tear
b
physical obsolescence
c
Obsolescence
d
Market forces
123 The four forces that influence real estate values are
a
eminent domain, police power, escheat, and taxation
b
land, labor, capital, and green space
c
government, social, taxation and economic condition
d
social, economic, governmental, environmental
The kind of principle that states that the quality of a neighborhood has an impact on the value of a property located
124
within
a
b
c
d
125
a
b
c
d
126
a
b
c
d
127
a
b
c
d
128
a
b
c
d
129
a
b
c
d
Conformity
Progression and regression
Substitution
Anticipation
Normally the amount of money a lender will agree to lend against a specific parcel of real estate is based on which of
the ff prices or values
Contract price
Assessed value
contract price or appraised value, whichever is less
Appraised value
The total loan payment made on a parcel or real estate during any one year is generally referred to as
Equity
Cash flow
Mortgage contract
Debt service
Which of the following explanations best describes the term market price?
The amount of money actually paid in the transaction
The amount of loan
The amount of money necessary to place the property
same terms as market value
Neighborhood social influence include all the following, except
occupant age levels
occupant skiils level
vacancy rates
population density
The added value inherent in the combines common ownership of two or more contiguous lots
corner inlfuence
plottage value
cooperative rate
joint venture
BROKERS BOARD EXAM

2016 MOCK
There is an importance technical difference between the terms "reproduction cost and replacement
130 cost. Reproduction cost refers to
a
the cost ofconstructing an exact replica building
b
the cost of constructing a building that would have similar utility to the subject property
c
the cost of reproducing the subject building
d
none of the above
There is a theory that all structures have a total usefule life that can be predicted. He must use
131 common method of estimating accrued depreciation based on this theory
a
b
c
d
132
a
b
c
d
133
a
b
c
d
134
a
b
c
d
135
a
b
c
d
He capitalized income or rental method

the sales data or market method (abstraction method)
straightline or age-life method
the cost to cure or abserved condition method
The transaction price of a property is its
Sales price (actual price)
market value (just estimate)
insurance value
asking price
To be considered comparable to the subject property, a comparable must have been sold
Arm's length transaction
with a conventional mortgage
without any form of secondary financing
For all cash
The cost that would be incurred in acquiring an equal desireable substitute property
Reproduction cost
Replacement cost
comparative cost
all of the above
Conclusion as to the highest and best use is part of which step
Defining the appraisal problem
Preliminary survey
analyzing data
Making the final estimate of value
136 An objective kind of values that can be estimated for items and properties bougt and sold in the market
a
b
c
d
Value use
Value exchange
Income approach
all of the above
Which of the approaches to value would involve an investigation into the rest of schedules of the subject property and
137
the comparable
a
b
c
d
138
a
b
c
d
139
a
b
c
d
140
a
b
c
d
141
Cost approach
market approach
Income approach
all of the above
A good sign of continued real estate appreciation is
High property tax rate
low property tax rate
minimal tax base
strong economic base
Those assets which are physical and material in nature
Intangible
Fixed
Tangible
Liquid
The age indicated by the condition and utility of the structure is
Actual age
Effective age
conditions of sale
Date of sale
The income approach to value is based primarily on which of the following economic principles
a
b
c
d
Anticipation
Conformity
highest and best use
Substitution
The principle of substitution implies that the value of the property tends to be indicated by vaue of an equally
142
desireable property
a
b
c
d
comparable
repairable
appraised
replacement
BROKERS BOARD EXAM

2016 MOCK
143
a
b
c
d
144
a
b
c
d
145
a
b
c
d
146
a
b
c
d
147
a
b
c
d
148
Which of the following conditions lowers property values

neighborhood conformity
deferred maintenance
excessive demand
highest degree of utility
A lot with direct access to any street or highway
interior lot
key lot
landlocked
cul-de-sac
Market data approach is also known as
comparative-sales approach
market comparison approach
sales comparison approach
all of the above
Which of the following is not a method of appraising unimproved real property
reproduction technique
direct sales comparison approach
cost of development method
abstraction
In purchasing an older structure the buyer would give most consideration to its
useful age
Effective age
economic age
Actual age
Which element of comparison is more important in the valuation than in improved property valuation
a
location
b
size
c
conditions of sale
d
Date of sale
149 Effective age is
a
Total economic life minus remaining life
b
Total economic life minus actual age
c
Actual age adjusted for obsolescence
d
total utility minus diminished utility
150 The principle of increasing or decreasing return can best be applied when there is
a
an improvement on a parcel of land
b
An under improvement on a period of land
c
poorly designed home
d
none of the above

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