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 project approved by majority of registered

unit owners shall be based on:
a. Number of condominium units c. Total area of condominium
units
b. Floor area of ownership d. Any of the above

3. Jane, owner of a 10-door apartment rented a unit to Emma for a payment for one year.
Under the law on lease,
Emma, without the consent of Jane, may perform any of the following acts, except:

a. Sublease the unit

b. Assign his rights
c. Suspend payment if Jane fails to make the necessary repairs
d. Demand payment reimbursement constituting one half the value of the useful
improvement
introduce in good faith.

4. In case of sale of real property paid under deferred payment basis, the payment of the
documentary stamp tax shall
accrue upon.
a. Notarization of Transfer document c. Execution of Contract to Sell

b. Execution of the Deed of Absolute Sale d. Payment of the full amount

5. 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 general welfare.

a. Principle of social justice c. Stewardship principle

b.. Principle of progression d. Principle of conformity

6. Under BIR Revenue Regulation No. 17-2003, the seller of family home who failed to utilize the
proceeds of the sale to acquire a new residence within 18 months from the sale shall be
assessed additional deficiency capital gains inclusive of penalties and:
a. 10% interest per annum c. 15% interest per annum
b. 25% interest per annum d. 20% interest per annum

7. Unless extended for justifiable cause, the period of completion of development of a

subdivision project, counted from issuance of license to sell, is:

a. Six months c. Eighteen months

b. Twelve months d. Twenty-four months

8. The rate of return earned by an investor which does not include allowance for capital
recovery is:

a. Discount rate c. Recapture rate

b. Interest rate d. Investment rate
9. Has ruled that all agricultural lands that are already classified as commercial, industrial or
residential before June 15, 1988 no longer need any conversion clearance even if it is still
devoted to agricultural activity

a. Republic Act 6657 c. RA 7279

b. DOJ Opinion No. 44, Series of 1990 d. PD 27
10. Unpaid real property tax is subject to 2% per month interest, up to a maximum period of

a. 12 months c. 36 months
b. 24 months d. until paid

11. Filipino citizens can acquire by patent agricultural lands of the public domain not
exceeding:

a. Five hectares c. Ten hectares

b. Seven hectares d. Twelve hectares

12. A former natural-born Filipino citizen can acquire urban land for business purpose no
exceeding:

a. 1,000 sq. m. c. 5,000 sqm

b. 10,000 sq. m. d. 3 hectares

13. It is a legal principle that if at the end of the lease period the lessee continues occupancy
with the
acquiescence 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. Tacita Reconducta

14. An authority given by the developer to a broker to look for a supplier of backfilling
materials who shall be paid with developed lot is:
a. Procurement agency c. Exchange agency
b. General brokerage d. Sales agency

15. An agreement where the consideration of a contract is deposited with a third party who is
authorized to release said consideration to the seller after the latter has compiled with
certain condition is:

a. Option c. Contract to sell

b. Escrow d. Hold-over-clause

16. A contract where real estate is hypothecated to secure an obligation where the creditor is
given the right to possess the property and collect the fruits thereof is known as:

a. Equitable mortgage c. Antichresis

b. Real estate mortgage d. Blanket mortgage

17. It a deceased owner of a land died intestate without any debt or obligation, the document
to be executed to transfer title to the sole heir is:

a. Extrajudicial settlement of estate c. Deed of Donation

b. Affidavit of adjudication d. Deed of conveyance
18. A former natural born Filipino citizen may in addition to acquiring residential land under B.P.
185 may still acquire land for business or other purposes under R.A. 8179 provided the
area does not exceed

a. One (1) hectare of urban land or 2 hectares of rural land

b. 5,000 square meters of urban land or 3 hectares of rural land
c. 5,000 square meters of urban land or 5 hectares of rural land
d. 1,000 square meters of urban land or 3 hectares of rural land

19. Per BIR 28-98, the ground floor of a condominium project shall be considered as
commercial and an additional rate shall be added to an established residential zonal
value.

a. 10% b. 20% c. 25% d. 15%

20. The rate of real estate tax in municipalities within Metro Manila is not more than:

a. One-half percent of assessed value

b. Two and a half percent of assessed value
c. One percent of assessed value
d. Two percent of assessed value

21. In payment of estate tax, an allowed deduction to the gross estate of a decedent is funeral
expense which is

a. 5% of gross estate or P200,000.00 whichever is lower

b. 5% of gross estate or P200,000.00 whichever is higher
c. 10% of gross estate or P200,000.00 whichever is lower
d. 10% of gross estate or P200,000.00 whichever is higher

22. Spouses who were married after the effectivity of the Family Code without any pre-nuptial
agreement
shall be governed by:

a. Conjugal partnership of gains

b. Absolute separation of property
c. Absolute community of property
d. any of the above

23. The following persons are disqualified to become lessee, except:

a. Lawyers with respect to property of their clients under litigation which they
take part.
b. Executors and administrators of properties
c. Husband and wife when there is separation of property in marriage settlement
and when there is judicial separation of property
d. Guardian with respect to property of ward under guardianship

24. The priority right of a tenant to buy the land located in an urban land reform area is known
as:

a. Tenant’s possessory right c. Tenant’s incremental right

b. Tenant’s retention right d. Tenant’s right of first refusal

25. A petition may be filed by one or more unit owners of condominium project when damage
to the project has rendered one-half or more of the units untenantable and unit owners
 holding more than ____ percent interest in the common areas are opposed to repair or
restoration of the project:

a. 30% b. 40% c. 50% d. 60%

26. At 18% interest per annum, how much is the interest of P500,000.00 for 65 days where
number of days in a year is 360?
a. P15,000.00 c. P16,250.00
b. P16,027.70 d. P90,000.00

27. The capital gains tax due on the sale of P2,000,000.00 property with P500,000.00 initial
payment is:

a. P100,000.00 c. P20,000.00
b. P120,000.00 d. P30,000.00

28. The best evidence of fee simple ownership is a Torrens Title because it is indefeasible and:

a. imprescriptible c. has priority against a tax

declaration
b. binding against the whole world d. all of the above

29. Under R.A. 8791, the maximum redemption period after extrajudicial foreclosure of a
mortgage executed by a corporation in favor of the bank is:

a. 3 months c. 12 months
b. 6 months d. none of the above

30. A clause used in leases and mortgages that cancel specified right upon the occurrence of a
certain condition, such as cancellation of mortgage upon repayment of mortgage loan:

a. Accelaration Clause c. Automatic Redemption Clause

b. Defeasance Clause d. Hold over Clause

31. In sale with assumption of mortgage, the basis of the documentary stamp on the sale is:

a. the down payment c. selling price

b. the contract price d. none of the above

32. Under R.A. 6732, administrative reconstitution of lost or destroyed original copies of
certificates may be availed of when the lost or destroyed certificates in the registry of
deeds consist of at least:

a. 10% of all titles in the registry c. 20% of all titles in the registry
b. 40% of all titles in the registry d. 30% of all titles in the registry

33. When the loan is fully amortized by equal monthly payments, the amount applied to the
principal:

a. Decreases while interest payment increases

b. Increases while interest decreases
c. Increase by a constant amount
d. None of the above
34. To avail of exemption from capital gains in the sale of a family home, the seller is required,
among others, to notify the BIR through a prescribed form of his intention to avail of the
exemption. The notice must be filed within:

a. 15 days from the date of sale c. 60 days from the date of sale
b. 30 days from the date of sale d. none of the above

35. When the interest of participation of condominium unit owners in the common area is
proportionate, the formula applied is:
a. Unit area divided by total area of the common area
b. Unit area divided by total area of all condominium units
c. Unit area divided by total area of all condominium units and common area
d. Unit area divided by total floor area of condominium building

36. A bank’s acquired assets which part of its real estate inventories at the close of its
accounting period shall be classified as:

a. Ordinary Assets b. Capital Assets c. Fixed Assets d. None of

the above

37. Total refund to buyer for developer’s failure to complete the development within the
reglamentary period is equivalent to: (PD 957)
a. 50% of total payment inclusive of amortization interest less penalty interest
b. 50% of total payment inclusive of amortization interest and penalty interest
c. 100% of total payment inclusive of amortization less penalty interest
d. 100% of total payment less penalty interest plus legal interest

38. In the cost approach to value, physical deterioration is estimated by the formula:

a. Economic life divided by chronological age

b. Chronological life divided by economic life
c. Economic life divided by effective age
d. Effective age divided by economic life

39. The principle of value which states that the value of a property tends to be enhanced when
there is reasonable
homogeneity in use:

a. Principle of Highest and Best Use c. Principle of Increasing Returns

b. Principle of Conformity d. Principle of Progression

40. A building is depreciated at 2.5% per year on a straight-line basis. What is the estimated
useful life of the building?

a. 30 years c. 50 years
b. 40 years d. 60 years

41. Several houses valued at P1,000,000.00 and P2,000,000.00 were built in an area where an
existing house valued at P300,000.00 is located. As a result , the value of the latter
increased. The real estate principle of value that applies to this situation is called the
principle of:

a. substitution c. progression
b. improvement d. regression
42.. Capital Gains Tax on the sale of real estate classified as capital asset is a :

a. Creditable tax on the sale c. Final withholding tax

b. Deductible item from income tax d. Expanded withholding tax

43.. The real estate broker is usually authorized to do all of the following acts, except:

a. advertise the listing c. Place for sale sign on the property

b. cooperate with other brokers d. Bind the principal in a contract

44. When a property is sold to 2 or more buyers, the property goes to

a. Buyer in good faith and who first registered with Register of Deeds
b. Buyer who pays the highest price
c. Buyer who was first in possession
d. None of the above

45. The position of trust assumed by the broker as an agent for the principal is describe as:

a. trusteeship c. fiduciary relationship

b. confidential d. code of conduct
46. If the property is an ordinary asset, what is the applicable tax?

a. Capital Gains Tax c. Percentage tax

b. CWT d. Estate tax

47. Essential requirements of a Contract of Sale.

a. Consent or meeting of the minds of buyer and seller

b. Object or subject matter
c. Cause or consideration
d. All of the above

48. A stipulation which authorizes the mortgagee to appropriate the property as his own upon
failure of the debtor to fulfill the principal obligations. This is void and of no legal effect.

a. Pactum Commisorium c. Pacto de retro sale

b. Pactum De Non Aliendo d. Res Nullius

49. The type of loan wherein the lender has some or complete control over the project and the
income for a certain period, part or all of which is assigned to him to amortize the
project, is:

a. Straight Loan c. Turn-key loan

b. Flat Loan d. Amortization loan

50. The best evidence of ownership is:

a. Transfer Certificate of Title c. Realty tax

b. Tax Declaration d. Vicinity map

51. The Seller realized a 30% gross profit over his cost If the property is sold at P1,950,000.00,
the cost is:

a. P1,365,000.00 c. P1,650,000.00
b. P1,350,000.00 d. P1,500,000.00
52. Registration of mortgage covering projects can only be affected when the deed is
accompanied by
a permit to mortgage issued by:
a. Local government unit
b. Housing and Urban Development Coordinating Council
c. Home Insurance Guarantee Corporation
d. House and Land Use Regulatory Board

53. The documentary stamp on lease of real estate is P3.00 for the first P2,000.00 or fraction
thereof and
additional:
a. P0.50 for every P1,000.00 in excess for first P2,000.00
b. P1.00 for every P1,000.00 in excess for first P2,000.00
c. P1.50 for every P1,000.00 in excess for first P2,000.00
d. P2.00 for every P1,000.00 in excess for first P2,000.00

54. The selling price if house and lot is P800,000.00. If its appraised value of P720,000.00 and
loan to
collateral ratio is 80%, what is it loan value?

a. P640,000.00 b. P576,000.00 c. P720,000.00 d.

P648,000.00

55. The capital gains tax on the sale of P2,000,000.00 property with P600,000.00 initial
payment is:

a. P100,000.00 b. P120,000.00 c. P30,000.00 d.

P36,000.00

56. What is the cost of the fence with total length of 75 meters, with height above the ground
of 2 meters
and ½ meter below, if cost per square is P1,500.00?

a. P225,000.00 b. P281,250.00 c. P140,625.00 d.

P112,500.00

57. Using the 4-3-2-1 rule (depth rule), if a 5-hectare belonging to different owners was sold for
P10,000,000.00,
what is the share of lot owners owning the first quarter abutting the road?

a. P2,500,000.00 b. P4,000,000.00 c. P5,000,000.00 d.

P6,000,000.00

58. The maximum area of residential land (urban area) which a former natural born Filipino
citizen may acquire:

a. 10,000 sq. m. c. 100 sq. m.

b. 500 sq. m. d. 1,000 sq. m.

59. When a donee of a parcel of land is a stranger, the donor’s tax rate is:

a. 20% b. 6% c. 30% d. 25%

60. The collateral value of a house and lot package is determined by applying the:

a. Economic Value c. Appraised Value

b. Assessed Value d. Loan to Value Ratio

61. The use of borrowed funds to increase purchasing power is ideally to increase the
profitability of an investment is:

a. Limited Liability b. Debt coverage c. Leverage d. Interim financing

62. The amount of family home equivalent to fair market value considered as allowable
deduction from the estate of a decedent:
a. P500,000.00 b. P1,000,000.00 c. P2,000,000.00 d. P750,000.00

63. The Estate Tax Return shall be filed and paid with the BIR within:

a. 60 days from death of decedent c. 120 days from death of decedent

b. 90 days from death of decedent d. 180 days from death of decedent

64. Under the Urban Land Reform Law (P.D. 1517), an area is considered urban when it has a
population density of at least ____ and where at least 50% of economically active
residents are engaged in non-agricultural activities.
a. 500 residents per square kilometer c. 1,500 residents per square
kilometer
b. 1,000 residents per square kilometer d. 2,000 residents per square
kilometer

65. An appraisal technique in which comparative estimates are made between prices paid in
actual transactions and the current listings:

a. Cost Approach b. Income Approach c. Market Approach d.

Economic Approach

66. The maximum term of loan under Pag-IBIG loan amounting to P3 million

a. 20 years b. 25 years c. 15 years d. 30 years

67. A subdivision plan needs only the approval of the Land Registration Authority or Land
Management Bureau to effect segregation of titles when the resulting number of lots is:

a. Nine (9) or less c. Twelve (12) or less

b. Ten (10) or less d. Fifteen (15) or less

68. A four-storey building has a regular shape with street frontage of 10 meters and depth of
20 meters, and height of 16 meters. If cost to construct is P4,000.00 per cubic meter,
what is the reproduction cost of the new building?

a. P12,800,000.00 c. P12,560,000.00
b. P13,200,000.00 d. P15,120,000.00

69. In case of refusal by the lessor to accept payment of the rental agreed upon, the lessee
may either deposit, by way of consignation, the amount in:
 a. Court c. Bank in the name of the lessor
b. City/Municipal Treasurer d. Any of the above

70. Husband and wife can sell property to each other in the following circumstances except
when:

a. A separation of property was agreed upon in the prenuptial agreement

b. There has been a judicial separation of property
c. There has been a legal separation
d. Spouses have been separated for more than 10 years

71. In a sale of property on installment plan where the buyer is not engaged in trade or
business, the applicable rate of tax is based on
a. Gross Selling Price c. a or b, whichever is higher
b. Fair Market Value d. Assessed Value

72. Under RA 7279, _________ shall be resorted to only when other modes of acquisition have
been exhausted.

a. Negotiated Purchase c. Expropriation

b. Land Consolidation d. Joint-Venture Agreement

73. The schedule of market value for ad valorem tax in municipalities outside Metro Manila is
prepared by

a. Municipal Assessor c. Sangguniang Panglalawigan

b. Provincial Assessor d. Provincial Treasurer

74. Property escheated to the government is considered as

a. Public Dominion c. Regalian Property

b. Patrimonial Property d. Any of the above

75. The use of borrowed funds to increase purchasing power is ideally to increase the
profitability of an investments :

a. Limited Liability c. Leverage

b. Debt Coverage d. Interim Financing

76. The income approach in estimating the value of an investment property is an application of

a. Principle of Substitution c. Principle of Contribution

b. Principle of Progression d. Principle of Anticipation

77.. Under Urban land Reform Act (PD 1517), the acquisition of lots of varying ownership
through, among others, expropriation or negotiated purchase for the purpose of planning
is

a. Land Banking b. Land Exchange c. Land Use Plan d. Land Assembly

78. The principle of value which states that the value of a property tends to be enhanced where
there is reasonable homogeneity in use.

a. Principle of Highest and Best Use c. Principle of Increasing Return

b. Principle of Conformity d. Principle of Progression
79. It refers to a grid of north and south (meridians), and east and west (parallels) lines
surveyed by the
government in identifying Philippine boundaries.

a. Meters and Bounds c. Cardinal Direction

b. Rectangular survey d. Monuments

80. It is the ratio that expresses the relation between gross income and sales price of a
property.

a. Capitalization c. Recapture
b. Gross Income Multiplier d. Effective Gross Income

81. A “loss in value from any cause” is a common definition of

a. Effective Age c. Depreciation

b. Functional Obsolescence d. Economic Obsolescence

82. The value placed on taxable property by the assessor for ad valorem purpose is :

a. Appraised Value c. Fair market value

b. Assessed Value d. Economic Value

83. The following are modes of acquiring lands for purposes of Urban Development and
Housing Act, except:

a. Foreclosure c. negotiated purchase

b. joint venture agreement d. land swapping

84. Where a conflict arise on the issue of just compensation, the concerned government
agency expropriating is required to initially pay an amount equivalent to 100% of the
a. Offered amount c. Assessed Value
b. Appraised Value d. Zonal value

85. The following are types of property descriptions ordinarily used in deeds, contracts, offer to
sell, and leases, except:

a. rectangular survey c. bearings and azimuth e. metes

and bounds
b. lot number d. monuments

86. Refers to an imaginary line connecting from a reference point “1” of any given lot plan

a. Cardinal directionb. Boundary line c. Azimuth d. Tie line

87. In the absence of any provision in the master deed of a condominium project, the share of
the unit owners in the common area is.
a. Proportionate to his unit area d. Decided by the majority of owners
b. Based on the value of his unit e. Determined by the condominium
corporation
c. Equal to all other unit
88. The right of an owner-lessor to receive the contract rent and reversion of the property at
the end of the lease is called
a. Fee simple c. Lease fee estate
b. Leasehold d. Net Lease

89. In case of false or fraudulent Estate, Donor or Capital Gains Tax BIR form was willfully made,
how much surcharge based on the taxes or deficiency tax shall be imposed?

a. 20% b. 30% c. 25%

d. 50%

90. For purposes of determining whether a seller/transferor can be considered as habitually

engaged in real estate business, he should offer satisfactory evidence that the
consummated at least ___ taxable real estate transactions during the preceding year.

a. Five b. Six c. Eight d. Ten

91. The Articles of Incorporation of homeowners association is registered with:

a. Securities and Exchange Commission c. Home Guaranty Corporation

b. Housing and Land Use Regulatory Board d. HUDCC

92. Conversion permit of agricultural land of not more than 5 hectares shall be approved by
the:

a. Municipal Agrarian Reform Office

b. Provincial Agrarian Reform Office
c. Secretary, DAR
d. Regional Agrarian Reform Office

93. If TCT has an annotation that says “subject Rule 74, Section 4 of the Rules of Court”, it
means
that the property is an inherited property and any heir unduly deprived of his lawful
participation in the estate has ____ years to assert his rights over said property.

a. Two (2) years c. Five (5) years

b. Four (4) years d. Ten (10) years

94. The acquisition of the land in advance of actual need based on present value for future
planned development is referred to in the Urban Land Reform Law as:

a. Land Assembly c. Urban Renewal

b. Land Banking d. New Settlement Development

95. The type of listing that gives the real estate broker the greatest protection

a. Exclusive Agency Listing d. Multiple Listing

b. Net Listing e. Open Listing
c. Exclusive Right to Sell Listing

96. The following are determinants of value in appraisals of realty, except:

a. Contribution c. purchasing value

b. demand d. scarcity
97. Property held by the owner as inventory or stock 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. fixed Asset

b. Ordinary Asset d. Intangible Asset

98. Subdivision and Condominium Buyers Protective Decree

a. PD 200 b. PD 1996 c. PD 957 d. PD 1081

99. Urbanizable areas refer to sites and lands which, considering present characteristics and
prevailing condition, display marked and great potential of becoming urban areas within
the period of

a. Two (2) years c. Five (5) years (per RA 7279)

b. Three (3) years d. Ten (10) years
100. The following are modes of acquiring lands for the purposes of the Urban Development
and Housing Act of 1992 except.
a. Joint Venture agreement c. Community mortgage
b.. Negotiated purchase d. Accretion

101. In mixed use condominium projects, the master deed may be amended by simple majority
of the unit owners. Majority is based on:

a. Number of Condominium units c. Total area of condominium units

b. Floor area of ownership d. Any of the above

102. Conjugal partnership can be dissolved by:

a. Legal Separation c. Judicial Degree of Separation of

Property
b. .Annulment of Marriage d. Any of the Above

103. Amendment to the master deed of a condominium project approved by majority of the
registered owners need also be approved by the city/municipal engineer and:

a. Local government
b. Housing and Urban Development Coordinating Council
c. Housing and Land Use Regulatory Board
d. Land Registration Authority

104. Unless revalidated, tax credit life is up to:

a. One (1) year c. Five (5) years

b. Two (2) years d. Four (4) years

105. The maximum period that a foreigner ( individual) may lease real estate including renewal
is.

a. 25 years b. 50 years c. 75 years d. 99 years

106. The principle holds that when two or more commodities with substantially the same utility
are available, the one with the lowest price receives the greatest demands and widest
distribution.
a. Principle of Contribution c. Principle of Balance
b. Principle of Substitution d. Principle of Completion
107. An estimate or opinion of value is:

a. Accounting c. Appraisal
b. Valuation d. Computation

108. If the contract is under Maceda law, a buyer who has paid 2 years installment shall be
refunded an amount equivalent to:
a. 60% percent of the total payments made c. 40% of the total payments
made
b. 50% of the total payments made d. 30% of the total payments
made

109. Land valuation guidelines for socialized housing is set by the:

a. HUDCC c. Department of Finance

b. NHA d. Regular courts

110. The schedule of fair market value in the municipalities in Metro Manila is prepared by:
a. MMDA c. Bureau of Internal Revenue
b. concerned municipal assessor d. Sangguniang Bayan by ordinance

111. The following compose the Board of Assessment Appeals in the city of Makati, except:

a. Register of Deeds b. City Prosecutor c. City Assessor d. City

Engineer

112. A taxpayer has ________ to redeem his real property which was levied and subsequently
forfeited and acquired by the Local Government unit due to tax delinquency.
a. 1 year b. 4 years c. 60 days d. 3 years

113. In addition to the basic real property tax, a province may levy an annual tax on an
agricultural land; planted to perennial crops with less than 50 trees to a hectare at the
rate of not exceeding ____ of the assessed value of the property.
a. 1% b. 2% c. 3% d. 4% e. 5%

114. Seizure of a property by a court order, usually done to have it available in the event of
adverse judgment of a pending suit, is:

a. escheat b. forfeiture c. foreclosure d. attachment

115. This government agency is responsible for the preparation of comprehensive land use in a
locality.

a. Local government unit c. DAR

b. HUDCC d. HLURB

116. Under the Rent Control Law (RA 9653), the lessor may ask for a deposit rental not
exceeding:

a. I month b. 2 months c. 3 months d. 1 year

117. Any amendment to the master deed of a condominium project decided by the majority of
owners must be approved by the HLURB and

a. City/Municipal Mayor c. City/Municipal Engineer

 b. City/Municipal Council d. City/Municipal Development Planning
Officer

118. Easement is to real property; Usufruct is to:

a. personal property c. personal or real property

b. real property d. none of the above

119. Which of the following statements is not true?

a. Full ownership equals naked ownership plus usufruct

b. Usufruct equals naked ownership plus full ownership
c. Naked ownership equals full ownership minus usufruct
d. Usufruct equals full ownership minus naked ownership

120. The zonal value of a property can be obtained from

a. Assessor’s Office c. Land Registration Administration

b. Bureau of Internal Revenue d. All of the Above

121. If Contract of Sale is to Deed of Sale; Contract to Sell is to

a. Pacto de Retro Sale c. Deed of Sale with Mortgage

b. Deed of Conditional Sale d. Dacion en Pago

122. The following are priorities of lands that may be acquired for socialized housing purpose
under RA
7279,except:

a. lands owned by the government c. alienable lands of public domain

b. privately owned lands d. registered but idle lands
(should be unregistered)

123. In subdivision selling, the sale is considered a paid-up sale when the buyer has paid the:

a. fifty percent of the purchase price d. stipulated earnest money

b. reservation deposit e. required down payment

124. The rate of real property tax in a municipality or city within Metro Manila is

a. Not more than one percent of the assessed value

b. Not more than two percent of the assessed value
c. Not more than ten percent of the assessed value
d. Not more than fifteen percent of the assessed value

125. A kind of survey where the shape of the earth is taken into account in computing results
is known as

a. plane survey c. topographic survey

b. geodetic survey d. cadastral survey

126. The rational approach of allocating available land resources as equitably among
competing user group is
 a. land assembly b. land-use plan c. on-site development d.
urban renewal

127. Registration of a real estate instrument can be given due course without the presentation
of the owner’s duplicate
certificate of title when the document is

a. Notice of Adverse Claim c. writ of attachment

b. Notice of lis pendens d. all of the above

128. Special power of attorney are necessary in the following cases, except

a. to perform acts of administration

b. to lease any real property for more than a year
c. to convey real rights on immovable property
d. to cancel any obligation gratuitously

129. In a sale a retro where it is stipulated that the vendor has the right to repurchase the
property “when he has the means”; he has ____ to redeem it.

a. three (3) years c. ten (10) years

b. four (4) years d. twenty (20) years

130. The minimum educational requirement that an applicant for a license as an appraiser is

a. seventy two (72) units in college

b. eighty two (82) units in college
c. one hundred forty four (144) units in college
d. college graduate, 4-year course

131. Which of the following government agencies is in charge of the over-all strategies for the
country’s National Housing Program?

a. National Housing Authority

b. Housing and Land Use Regulatory Board
c. Housing and Urban Development Coordinating Council
d. None of the above

132. Registration of sale of a five (5) hectare agricultural land must be accompanied by

a. DAR Conversion Permit c. DAR Clearance

b. HLURB License to Sell d. LGU Development Permit

133. The following are public dominion, except

a. Navigate river converted into fishpond c. Public plaza converted into

housing
b. Canal d. subdivision roads

134 In case of real property, prescription in good faith is

a. 5 years b. 15 years c. 30 years d. 10 years

135. Ownership of a piece of land can be acquired through any of the following modes, except

a. tradition b. prescription c. occupation d. succession

136. A former natural born Filipino citizen can acquire not more 5,000 sq. meters of land in the
urban area for business purposes under

a. BP 185 b. RA 7042 c. PD 957 d. Act 2728 as amended e.

RA8179

137. The area of a triangular plot is computed by the formula:

a. length x width c. 2 x length x width

b. ½ x length x width d. length x width x height

138. It means that shortcut to foreclosure, the mortgagor agrees to sell and transfer the
mortgage property to the mortgagee.
a. dacion en pago b. redemption c. pacto de retro d. auction

139. Excluded from the coverage of CARP.

a. 9% b. 12% c. 15% d. 18% or more

slope

140. An annual levy on real property equivalent to one (1) percent of the assessed value which
shall be in addition to the basic real estate tax called

a. Special Real Estate Tax c. Special Education Fund Tax

b. Special Assessment fund Tax d. Ad Valorem Tax

141. A subdivision where 9% of the gross area is open spaces with 66 to 100 family lots per
hectare is called

a. economic subdivision c. socialized subdivision

b. open market subd. d. low cost subdivision

142. In the computation of depreciation of real properties, the method that is widely used by
practitioners is the

a. straight line method c. sum-of-the-years digits method

b. declining balance method d. diminishing return method

143. The technical description in the TCT of a real property can readily be plotted on a sheet by
using the ff. data

a.
bearing and lot points c. bearing and tie line
b.distance and lot points d. BLLM and tie line
e. distance and bearing from lot points
144. 1:200 means

a. 1 cm is equal to 200 centimeters c. 1 meter is equal to 200 meters

b. 1 cm is equal to 2 meters d. 1 meter is equal to 20 meters
145. An appraisal principle which holds that the value of property tends to be enhanced by
association with superior properties, is

a. Principle of infiltration c. Principle of progression

b. Principle of retrogressiond. none of the above

146. It is refers to land located in the fringes of built-up communities which has the provincial
characteristics but is flavored with metropolitan utilities, facilities and amenities.

a. Urban land c. urban land

b. Urbanizable land d. rural land

147. Jurisdiction for adjudication of buyer’s, complaints against subdivision developers is with
the

a. Housing and Urban Development and Coordinating Council

b. National Housing Authority
c. Housing and Land Use Regulatory Board
d. Regular Courts

148. The bundle of rights 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

149. The study of current supply and demand conditions in a particular area for a specific type
of property is

a. Real estate appraising c. Absorption estimate

b. Cash Flow analysis d. Market Analysis

150. In the absence of a pre nuptial agreement, the following are excluded from the
community property, except

a. Property acquired during the marriage by gratuitous title by either spouse;

unless otherwise provided by the donor
b. Fruits as well as income of property mentioned in letter (a); unless otherwise
provided by the donor
c. Property for personal and exclusive use of either spouse
d. Jewelry for personal and exclusive use of either spouse
e. Property acquired before the marriage by either spouse who has legitimate
descendants by a former marriage and the fruits as well as the income,
if any of such property

151. The areas reserved for parks, playgrounds and recreational areas of a subdivision projects
are:

a. exclusively 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
152. The term of a condominium corporation is

a. 50 years
b. Co-terminus with the duration of the condominium project
c.. 25 years
d. Subject to the agreement between the condominium corp. and the unit
owner

153. Area required to be reserved for roads, alleys and open spaces in a subdivision with an
area of one (1) hectare or more.
a. Twenty percent (20%) of the gross area
b. Thirty-five (35%) of the gross area
c. Twenty-five percent (25%) of the gross area
d. Thirty percent (30%) of the gross

154. For a space to be considered a condominium unit, it must

a. Be encompassed by the interior surface of the walls, floors, ceiling

b. Be managed by a condominium corporation
c. Be susceptible of independent use and ownership
d. Be unencumbered by any restriction

155. In case of foreclosure sale where right of redemption is not exercised by the mortgagor-
owner, who pays the capital gains tax?

a. owner-mortgagor c. Buyer of the property

b. Creditor-bank d. none of the above

156. It is a contract granting a person the privilege to buy or not to buy certain objects at
anytime with the agreed period at a fixed price.

a. Solicitacion c. Aleatory Contract

b. Option Contract d. Pacto de Retro Sale

157. It is an encumbrance imposed upon an immovable for the benefit of another immovable
belonging another.

a. Nuisance per accidents c. Private nuisance

b. Right of way d. Easement

158. A special power to sell a realty carries with it all the following, except the-

a. power to find a purchaser d. power to fix the term of the sale

b. power to sell directly e. power to sell on credit
c. power to sell only for cash