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57 Cards in this Set
- Front
- Back
- 3rd side (hint)
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PPHERR |
P- problem definition P- PRELIM ANALYSIS, data analyzation H- HABU : high & best use E- ESTIMATE VALUE R- RECONCILIATION R- REPORT |
Steps in Basic Appraisal |
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MCI |
M- MARKET DATA APPROACH / SALES COMPARISON APPROACH C- COST APPROACH I- INCOME APPROACH |
3 APPROACHES IN APPRAISAL |
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APPRAISAL REPORT
LFN |
L- letter F- form N- narrative |
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APPRAISAL REVIEW
ADFT |
A- admin review D- desk review F- field review T- technical review |
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Types of SURVEY CTHP |
C- cadastral survey T- topographic survey H- hydrographic survey P- photogrammetry survey |
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CAR REGION IN THE PHILIPPINES? |
C- cordillera A- adminstrative R- region |
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SOCCSKSARGEN
REGION IN THE PHILIPPINES? |
COTABATO,Sarangani, south cotabato, sultan kudarat |
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Heart SHAPE ISLAND ?
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MARINDUQUE |
Part of MIMAROPA |
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MIMAROPA |
MARINDUQUE, Occidental mindoro , Oriental Mindoro & Palawan & Romblon |
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New city in cavite ? |
CARMONA CITY |
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EDWARD Extinguishment of Agency |
E EXPIRATION OF period D EATH OF PRINCIPAL/ agent W WITHDRAWAL OF AGENT A ACCOMPLISHMENTS OF OF PURPOSE R REVOCATION D dissolution of agency |
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COPA
ELEMENTS OF AGENCY |
C CONSENT OF PARTIES O OBJECT IN EXECUTION P PRINCIPAL AUTHORIZES THE ACT A AGENT ACTS FOR THE PRINCIPAL |
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CONTENT OF LISTING NDPPP |
Name address signature of the principal/ broker Description of the property: lot / block , TITLE NUMBER, AREA LOCATION IMPROVEMENT… P price and terms P period if authority P professional fee |
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Source of listing |
Personal contact Referral Multiple Listing and Fellow Broker Membership in clubs and associations Foreclosure notices Banks and Financing Institution Advertisement Online contacts Mobile contacts |
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VAT RATE ? |
12% |
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VAT INCLUSIVE ? |
Price /112= vat inclusive |
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Vat exclusive ? |
PRICE x12% = vat exclusive |
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Capital gain tax ? / CGT |
6% |
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CGT EXEMPTION & standard deduction |
5 % standard ₱10M family home exemption |
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Tax in ordinary assets ? |
Creditable withholding tax |
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CAPITAL ASSETS TAX ? |
CGT 6% |
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Brokers commission rate ? |
5% standard |
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REAL PROPERTY TAX |
.5% |
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ASSESSED LEVEL AGRICULTURAL (A) ? |
40% |
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ASSESSED LEVEL RESIDENTIAL (R) ? |
20% |
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ASSESSED LEVEL OF COMMERCIAL(C ) ? |
50% |
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ASSESSED LEVEL OF TIMBER(T) ? |
20% |
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ASSESSED LEVEL OF INDUSTRIAL (I) ? |
50% |
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ASSESSED LEVEL OF MINERAL(M) ? |
50% |
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REAL PROPERTY TAX ( PROVINCE) |
.5 |
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REAL PROPERTY TAX ( CITIES ) |
2% |
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REDEMPTION PERIOD ? Foreclosure |
1 year |
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REDEMPTION PERIOD ? Foreclosure CORPORATION |
3 months |
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Idle land tax |
5% of the assessed value |
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Unpaid real property tax |
2% per month within 36 mons or until settled |
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FINAL TAX OF CORPORATION FOR THIER CAPITAL ASSETS |
Final tax of 6% |
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TAX IF CORPORATIONS |
Vat 12% & pre paid income tax for creditable withholding tax of lot sold |
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Creditable Withholding Tax for Professional Fee ( REAL ESTATE ) |
10% more than 3M ang gross receipt 5% does not exceed ₱3 M |
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CREDITABLE WITHHOLDING TAX |
Exceed 720 k : 10% More than 720k : 15%
* in gross receipt |
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RATE ON RPT Province City |
Province - 1% City / metro manila- 2% |
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DST : documrntary stsmp tax |
1.5% |
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Transfer tax
Province City |
Province .5 CITY .75 |
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EXEMPTION FOR CGT |
18 mons from the date of sale |
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EXEMPTION FOR CGT |
18 mons from the date of sale |
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TRANSFER OF RP OWNERSHIPS |
30 days from the date of notarization |
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PROCESS OF CLUP |
Back (Definition) |
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Habitually Engaged? |
REGISTERED IN HLURB & HUDCC CONSUMMATED DURING THE PRECEDING YEAR IS at least 6 taxable RE TRANSACTION |
Creditable withholding tax |
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CGT FILLING DATE |
Within 30 days from the date of notarization sales / transaction |
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BASIS OF VALUATION |
AT THE TIME OF SALE WHICHEVER IS HIGHER : SELLING PRICE , BIR ZONAL PRICE , FMV OF ASSESSOR |
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Filing of tax return |
Back (Definition) |
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DONORS TAX |
6% of net GIFT ANOVE 250k Below 250 k exempted |
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DONORS TAX FILLING |
30 days from the date of donation |
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ESTATE TAX |
6% |
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ESTATE TAX filing |
1 yr from the date of death of decedents |
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TAX IMPOSE OF ORDINARY ASSETS |
CWT & INCOME TAX |
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Tax imposed for capital assets? |
CGT |
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4 AGENTS OF PRODUCTION |
LAND LABOR CAPITAL & ENTREPRENEURSHIP |
LLCE |
