Dgrdgr Re Notes From Ren

Front 1

A building is depreciated at 2.5% per annum using the age life method. What is the estimated useful life of the building?

Back 1

40 years

Front 2

A person who determines the land value

Back 2

real estate appraiser

Front 3

real estate appraiser

Back 3

A person who determines the land value

Front 4

Using the 4-3-2-1 rule (depth rule)

Back 4

a 5 hectare belonging to different owners was sold for ₱ 10,000,000. What is the share of lot owners owning the first quarter abutting the road?,₱ 4,000,000

Front 5

The following are determinants of value in appraisals of realty

Back 5

except:<br>A) contribution<br>B) demand<br>C) purchasing value<br>D) scarcity<br>E) utility,A) contribution

Front 6

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

Back 6

principle of conformity

Front 7

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

Back 7

market data approach

Front 8

Income approach for an appraisal would be most widely used:<br>A) on a newly opened subdivision<br>B) on commercial and investment property rented by tenants<br>C) on property heavily mortgaged<br>D) on property heavily insured<br>E) none of the above

Back 8

B) on commercial and investment property rented by tenants

Front 9

The income approach to value is an application of the principle of

Back 9

anticipation

Front 10

This principle holds that when two or more commodities with substantially the same utility are available

Back 10

the one with the lowest price receives the greatest demands and widest distribution,principle of competition

Front 11

In the computation of depreciation of real properties

Back 11

the method that is widely used by practitioners is the,age-life method<br>straight line depreciation

Front 12

An appraisal principle which holds that the value of property tends to be enhanced by association with superior properties

Back 12

principle of progression

Front 13

Several houses valued at ₱1

Back 13

000,000 and ₱2,000,000 were built in an area where an existing house valued at ₱3,000,000 is located. As a result, the value of the latter decreased. The real estate principle of value that applies to this situation is called the ___,principle of regression

Front 14

An investor is intending to buy a property

Back 14

which has annual income of ₱3,600,000. In his market study, he found out that a comparable property with an annual gross income of ₱2,500,000 was recently sold for ₱17,800,000. Based on the Gross Income Multiplier indicated by the comparable property, at how much should the investor buy the subject property?,₱25,632,000

Front 15

Thee of the following factors create value in real estate. Which one does not create value?<br>A) demand<br>B) utility<br>C) infiltration<br>D) scarcity

Back 15

C) infiltration

Front 16

Which of the following is never considered as a factor in the valuation of a house and lot?<br>A) modification in zoning regulations<br>B) topography of the lot<br>C) conviction of the previous owner on charges of moral turpitude<br>D) functional obsolescence

Back 16

C) conviction of the previous owner on charges of moral turpitude

Front 17

The selling price of a real estate is usually based on its:<br>A) speculative value<br>B) exchange value<br>C) intrinsic value<br>D) market value<br>E) none of the above

Back 17

B) exchange value

Front 18

The increase in value of real estate without any expense of the owner is

Back 18

unearned increment

Front 19

Refers to that use which will yield the maximum return at a given time

Back 19

highest and best use

Front 20

To be considered comparable to the subject property

Back 20

a comparable property must have been sold:<br>A) with a conventional mortgage<br>B) for all cash<br>C) without any form of secondary financing<br>D) for credit<br>E) in an arm's length transaction,E) in an arm's length transaction

Front 21

Added value inherent on a lot bounded by two streets:<br>A) cooperate interest<br>B) plottage value<br>C) social value<br>D) joint venture<br>E) corner influence

Back 21

E) corner influence

Front 22

The difference between the contract price and the loanable amount is

Back 22

buyer's equity

Front 23

Refers to the use an object is put to

Back 23

the services it renders and wants it satisfies,utility

Front 24

Which of the following is not essential in the determination of Fair Market Value?<br>A) knowledge and prudent seller & buyer<br>B) reasonable exposure of the property in the open market<br>C) assessed value indicated in the Tax Declaration<br>D) willing buyer and willing seller

Back 24

C) assessed value indicated in the Tax Declaration

Front 25

Method of finding land value in which all improvement costs (less depreciation) are deducted from sales price

Back 25

abstraction<br>extraction

Front 26

The number of years elapsed since the original structure was built

Back 26

actual age<br>historical age<br>chronological age

Front 27

A method of computing accrued depreciation in which the cost of a building is depreciated at a fixed annual percentage rate

Back 27

age-life method<br>straight line method

Front 28

An estimate of quantity

Back 28

quality or value,appraisal

Front 29

The process through which conclusions of property value are obtained

Back 29

appraisal

Front 30

The report setting forth the process of estimating value

Back 30

appraisal

Front 31

Approaches used in the appraisal of property

Back 31

cost approach<br>income approach<br>market data approach

Front 32

An appraiser's written opinion to a client of the value south for the subject property as of the date of appraisal

Back 32

giving all details of the appraisal process,Appraiser's Report

Front 33

A transaction in which both buyer and seller act willingly and under no pressure

Back 33

with knowledge of the present conditions and future potential of the property, and in which the property has been offered on the open market for a reasonable length of time, and there are no unusual circumstances,at arm's length transaction

Front 34

Loss of value from forces outside the building or property

Back 34

such as changes in optimum land use, legislative enactments that restrict or impair property rights, and changes in supply-demand relationships,economic obsolescence

Front 35

For appraisal purposes, loss in value due to any cause including physical deterioration, functional obsolescence and external obsolescence

Back 35

depreciation

Front 36

A building

Back 36

wall or fence that extends beyond the land of the owner and illegally intrudes on land of an adjoining owner or a street or an alley,encroachment

Front 37

The age of a building based on the actual wear and tear and maintenance

Back 37

or lack of it, that the building has received,effective age

Front 38

The period of time during which a structure may reasonably by expected to perform the function for which it was designed or intended

Back 38

economic life

Front 39

For appraisal purposes

Back 39

loss in value due to any cause including physical deterioration, functional obsolescence and external obsolescence,depreciation

Front 40

Kinds of depreciation in appraisal

Back 40

deterioration<br>functional obsolescence<br>economic obsolescence

Front 41

A statistical study of human populations

Back 41

especially in reference to size, density and population. Information therein is of particular importance to people involved in market analyses and highest and best use analyses in determining potential land uses of sites,demography

Front 42

Provisions in a deed limiting the future uses of the property. This may take any form: they may limit the density of buildings

Back 42

dictate the type of structures that can be erected, and prevent buildings from being used for specific purposes or used at all. This may impose a myriad of limitations and conditions affecting the property rights appraised.,deed restrictions

Front 43

The principle that buildings should be similar in design

Back 43

construction and age to other buildings in the neighborhood to enhance appeal and value,principle of conformity

Front 44

The principle that a successful business attracts other such businesses

Back 44

which may dilute profits,principle of competition

Front 45

Properties that are substantially equivalent to the subject property

Back 45

comparables

Front 46

The principle that no physical or economic condition ever remains constant

Back 46

principle of change

Front 47

Defects in a building or structure that detract from its value or marketability

Back 47

usually the result of layout, design, or other features that are less desirable than features designed for the same functions in newer property,functional obsolescence

Front 48

A lease of land only on which the lesee usually owns the building or is required to build as specified by the lease. Such leases are usually long-term net leases; the lessee's rights and obligations continue until the lease expires or is terminated by default

Back 48

ground lease

Front 49

Rent paid for the right to use and occupy land according to the terms of a ground lease

Back 49

ground rent

Front 50

The legally and physically possible use of land that is likely to produce the highest land (or property) value

Back 50

it considers the balance between site and improvements, as well as the intensity and length of uses,highest and best use

Front 51

An appraisal technique used to estimate the reproduction or replacement cost

Back 51

the appraiser multiplies the original cost of construction by a price index for the geographic area to allow for price changes,index method

Front 52

The lessor's interest and rights in the real estate being leased

Back 52

lease fee

Front 53

The leasee's right to possess and use real estate during the term of a lease. This is generally considered a personal property interest

Back 53

leasehold

Front 54

An improvement to property that is more than warranted by the property's highest and best use and thus not likely to contribute its cost to the total market value of the property

Back 54

overimprovement

Front 55

The subsequent increase in the unit value of a group of adjacent properties when they are combined into one property in a process called assemblage

Back 55

plottage value

Front 56

A lease commonly used for commercial property that provides for a rental based on the tenant's gross sales at the premises

Back 56

percentage lease

Front 57

A lease that stipulates a base monthly rental

Back 57

plus a percentage of any gross sales exceeding a certain amount,percentage lease

Front 58

The number of years of useful life left to a building from the date of appraisal

Back 58

economic life

Front 59

The current construction cost of a building having exactly the same utility as the subject property

Back 59

replacement cost

Front 60

The current construction cost of an exact duplicate of the subject building

Back 60

cost reproduction new

Front 61

Ownership interest of a sublease

Back 61

sandwich lease

Front 62

A method of valuing land to be used for subdivision development. It relies on accurate forecasting of market demand

Back 62

including both forecast absorption and projected gross sales,subdivision development method<br>land development method

Front 63

the rate at which properties will sell

Back 63

forecast absorption

Front 64

total income that the project will produce

Back 64

projected gross sales

Front 65

The basic appraisal premise that the market value of real estate is influenced by the cost of acquiring a suitable or comparable property

Back 65

principle of substitution

Front 66

A principle that the value of a commodity will rise as demand increases and/or supply decreases

Back 66

principle of supply and demand

Front 67

An improvement that is less than a property's highest and best use

Back 67

underimprovement

Front 68

The value of goods and services in exchange for other other goods and services

Back 68

or money, in the marketplace; an economic concept of market value,value in exchange

Front 69

The average selling price of homes in a district can be best ascertained by:<br>A) assessed value<br>B) an appraisal<br>C) comparative analysis<br>D) none of the above

Back 69

B) an appraisal

Front 70

Your client asked you to make a simple appraisal of his lot in Baguio. Based on the technical description and inspection of the property

Back 70

you found out the following:<br>Land area: 3,200 sqm<br>Unobstructed view (plus): 15%<br>Plottage value (plus): 6%<br>Topography (minus): 10%<br>Ave price of land: ₱9,000 per sqm,₱9,000 × (1 + 0.15 + 0.06 - 0.1) × 3,200 = <br>₱31,968,000.00

Front 71

The price of any commodity in its market at a specified time is called:<br>A) actual price<br>B) market price<br>C) Nobel price<br>D) par value<br>E) none of the above

Back 71

B) market price

Front 72

[...] is a kind of listing that can be given to more than 1 brokers.

Back 72

Open listing

Front 73

Open listing is a kind of listing that can be given to more than [...] brokers.

Back 73

1

Front 74

A [...] is an agreement between an owner and a broker to sell a real estate property.

Back 74

listing

Front 75

A real estate broker receives a [...] while a real estate dealer earns profit from his investments.

Back 75

commission

Front 76

A real estate broker receives a commission while a real estate dealer earns [...] from his investments.

Back 76

profit

Front 77

Option is a contract between a [...] and a buyer.

Back 77

seller

Front 78

Option is a contract between a seller and a [...].

Back 78

buyer

Front 79

The [...] is a provision in the listing agreement which entitles a broker to a commission even when he closes the sale after the period of authority

Back 79

provided that the buyer with whom he has negotiated was registered by him with the seller and during the period of his authority.,hold over clause

Front 80

In authority given by a developer to a broker to find a supplier for cement and aggregates materials wherein payment shall be in the form of units or developed

Back 80

the contract is [...].,exchange agency

Front 81

[...] is an agreement by which the listing broker is entitled to his broker's fee even if the principal/seller sold the property himself.

Back 81

Exclusive Right to Sell Exclusive Authority to Sell

Front 82

A lot owner and developer may convert a property into a [...] by executing a legal document called Master Deed and registering the same with the Registry of Deeds.

Back 82

condominium project

Front 83

A lot owner and developer may convert a property into a condominium project by executing a legal document called [...] and registering the same with the Registry of Deeds.

Back 83

Master Deed

Front 84

A lot owner and developer may convert a property into a condominium project by executing a legal document called Master Deed and registering the same with the [...].

Back 84

Registry of Deeds

Front 85

Unless the condominium corporation is earlier dissolved

Back 85

the life a condominium corporation is [...].,co-terminus with the duration of the condominium project

Front 86

The document which provides guidelines

Back 86

rules and regulations regarding the rights of condominium unit owners in the use, occuptation, ownership and disposition of units is called [...].,Declaration of Restrictions

Front 87

The required number of votes of registered owners to authorize a condominium corporation to sell

Back 87

or otherwise dispose of the common areas in a condominium project is [...],simple majority

Front 88

Amendment to the Master Deed of a condominium project must be approved by the majority of registered unit owners. Majority is based on:<br>A) number of condominium units<br>B) floor area of ownership<br>C) total area of condominium units<br>D) any of the above<br>E) none of the above

Back 88

A) number of condominium units

Front 89

A petition may be filed by one or more unit owners of condominium project when damage has rendered [...] of the units untenantable and unit owners holding more than 30% interest in the common areas are opposed to repair or restoration of the project.

Back 89

one-half or more

Front 90

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

Back 90

more than 30%

Front 91

When the interest of participation of condominium unit owners in the common area is proportionate

Back 91

the formula applied is:<br>A) unit area divided by the total area of the common area<br>B) unit area divided by the total area of all condominium units<br>C) unit area divided by the total area of all condominium units and the common area<br>D) unit area divided by the total floor area of the condominium building<br>E) none of the above,B) unit area divided by the total area of all condominium units

Front 92

In the absence of any provision in the Master Deed of a condominium project

Back 92

the share of the unit owners in the common area is:<br>A) proportionate to his unit area<br>B) based on the value of his unit<br>C) equal to all other unit owners<br>D) decided by the majority of owners<br>E) determined by the condominium corporation,C) equal to all other unit owners

Front 93

In mixed use condominium projects

Back 93

the Master Deed may be amended by a simple majority of the unit owners. Majority is based on:<br>A) number of condominium units<br>B) floor area of ownership<br>C) total area of condominium units<br>D) any of the above<br>E) none of the above,B) floor area of ownership

Front 94

Amendment to the Master Deed of a condominium project approved by the majority of registered owners need also be approved by the [...] and HLURB.

Back 94

city/municipal engineer

Front 95

Amendment to the Master Deed of a condominium project approved by the majority of registered owners need also be approved by the city/municipal engineer and [...].

Back 95

HLURB

Front 96

Traditional ownership is evidenced by

Back 96

Torrens title<br>TCT or OCT

Front 97

For a space to be considered a condominium unit

Back 97

it must:<br>A) be encompassed by the interior surface of the wall, floor, ceiling<br>B) be managed by a condominium corporation<br>C) be susceptible of independent use and ownership<br>D) be unencumbered by any restriction,C) be susceptible of independent use and ownership

Front 98

Per BIR 28-98

Back 98

the ground floor of a condominium project shall be considered as [...] and an additional rate of 20% shall be added to an established residential zonal value.,commercial

Front 99

Per BIR 28-98

Back 99

the ground floor of a condominium projecct shall be considered as commercial and an additional rate of [...] shall be added to an established residential zonal value.,20%

Front 100

All real properties

Back 100

regardless of actual use, located in a street/barangay/zone, the use of which are predominantly commercial shall be considered as [...] for purposes of zonal valuation.,commercial

Front 101

A [...] is sometimes referred to as vertical subdivision

Back 101

condominium

Front 102

A condominium is sometimes referred to as [...]

Back 102

vertical subdivision

Front 103

Which of the following cannot be given Condominium Certificate of Title?<br>A) subdivision lots<br>B) industrial warehouse<br>C) condominium corporation<br>D) one level rowhouse<br>E) none of the above

Back 103

A) subdivision lots

Front 104

RA 4726

Back 104

Condominium Act<br>June 18, 1966

Front 105

Condominium Act<br>June 18

Back 105

1966,RA 4726

Front 106

Condominium developers are mandated to form a:<br>A) cooperative<br>B) charitable organization<br>C) condominium corporation<br>D) one level rowhouse<br>E) none of the above

Back 106

C) condominium corporation

Front 107

Enumerated are the advantages of condominium concept

Back 107

which does not belong:<br>A) cooperative<br>B) with CCT as proof of ownership<br>C) enhances affordability<br>D) economy in land space<br>E) social club,B) with CCT as proof of ownership<br><br>it's not an advantage

Front 108

Condominium title is also called

Back 108

CCT<br>Condominium Certificate of Title

Front 109

For the purpose of [...]

Back 109

a condominium unit owner has non-exclusive easement to the common area.,ingress and egress

Front 110

For the purpose of ingress and egress

Back 110

a condominium unit owner has [...] to the common area.,non-exclusive easement

Front 111

For the purpose of ingress and egress

Back 111

a condominium unit owner has non-exclusive easement to the [...].,common areas

Front 112

[...] of the units of a condominium project may be sold to foreigners.

Back 112

40%

Front 113

40% of the units of a condominium project may be sold to [...].

Back 113

foreigners

Front 114

The organization of a [...] is always mandatory in a condominium project.

Back 114

condominium corporation

Front 115

The organization of a condominium corporation is always mandatory in a [...].

Back 115

condominium project

Front 116

A [...] is a part of a condominium project intended for any type of independent use or ownership.

Back 116

unit

Front 117

A unit is a part of a condominium project intended for any type of [...].

Back 117

independent use or ownership

Front 118

Whenever the [...] in a condominium project are held by a condominium corporation

Back 118

such corporation shall constitute the management body of the project.,common areas

Front 119

Whenever the common areas in a condominium project are held by a condominium corporation

Back 119

such corporation shall constitute the [...] of the project.,management body

Front 120

Statements defining the limitation of ownership of a condominium unit which binds all unit owners are called the [...] and are registered with the Registry of Deeds.

Back 120

Declaration of Restrictions

Front 121

Statements defining the limitation of ownership of a condominium unit which binds all unit owners are called the Declaration of Restrictions and are registered with the [...].

Back 121

Registry of Deeds

Front 122

A right given for a consideration to purchase or lease a property upon a specified time

Back 122

option

Front 123

A notice of adverse claim annotated on the title can be cancelled after the expiration of ___ after its annotation by a verified petition with the Registry of Deeds.

Back 123

30 days

Front 124

A court action to remove clouds on the title

Back 124

quieting of title

Front 125

The best evidence of land/property ownership under the Philippine system of registration

Back 125

Torrens Title

Front 126

A condensed history of title

Back 126

showing the various links in the chain of title, including liens, encumbrances and other conditions affecting the title,abstract of title

Front 127

An annotation on the title which serves as a notice that the property is being held in reserve for whatever judgement may be rendered against the owners

Back 127

attachment

Front 128

When the owner's duplicate certificate of title is lost

Back 128

the registered owner shall file a ___ to be issued a new owner's copy,Petition for the Issuance of Owner's Duplicate Certificate of Title

Front 129

The legal form to be made by the landowner in order to transfer the titles of the land and common areas in favor of the Condominium Corporation

Back 129

Deed of Conveyance

Front 130

___ is an annotation on the back of a title that means that the property owned by the deceased is subject to the rights of ___ or ___ or any persons who have been unduly deprived of their lawful participation in the estate with a period of ___ after the settlement of the said estate.

Back 130

§4 Rule 74 of the Rules of Court<br>creditors<br>heirs<br>two (2) years

Front 131

Under RA 6732

Back 131

the ___ of lost or destroyed original certificates of titles in the Registry of Deeds may be availed when the number of certificates lost or destroyed is ___ of all titles in the Registry but ___ titles.,Administrative Reconstitution<br>at least 10%<br>not less than 500

Front 132

The best evidence of fee simple is a [...] because it is indefeasible and imprescriptible.

Back 132

Torrens Title

Front 133

The best evidence of fee simple is a Torrens Title because it is [...] and imprescriptible.

Back 133

indefeasible

Front 134

The best evidence of fee simple is a Torrens Title because it is indefeasible and [...].

Back 134

imprescriptible

Front 135

An adverse claim lapses after ___ from annotation in the certificate of land title. A second claim is ___.

Back 135

30 days<br>not allowed

Front 136

A claim of a person on a property of another

Back 136

adverse claim

Front 137

A hold or claim which one person has upon a property of another as security for a debt

Back 137

charge, judgement or mortgages,lien

Front 138

An annotation in the title that serves as notice that the property is subject to a pending litigation

Back 138

lis pendens

Front 139

A lien created by law which exists in favor of persons who have performed or furnished materials in the erection or repair of a building

Back 139

mechanic's lien

Front 140

Anything which affects or limits the fee simple title to property

Back 140

such as mortgages, easements, or restrictions of any kind,encumbrance

Front 141

Refers to money encumbrances that make the property security for the payment of a debt or obligations

Back 141

such as mortgages and taxes,lien

Front 142

title defect

Back 142

cloud on title

Front 143

cloud on title

Back 143

title defect

Front 144

Any condition revealed by a title search which affect title to property; usually relatively unimportant items but which cannot be removed without a quit claim deed or court action

Back 144

cloud on title<br>title defect

Front 145

Largest estate of ownership in real property in which the owner holds all rights not reserved by society

Back 145

fee simple<br>absolute ownership

Front 146

fee simple

Back 146

absolute ownership

Front 147

absolute ownership

Back 147

fee simple

Front 148

A writ that authorizes and directs the proper officer of the court

Back 148

usually the sheriff to carry into effect a judgement or decree of the court,writ of execution

Front 149

The following liens can be found at the back of a title

Back 149

except:<br>a) Real estate tax liens<br>b) Judgement liens<br>c) Mechanic's liens<br>d) Mortgage liens<br>e) Statutory liens,e) Statutory liens<br>It is "already understood" to be there, as it is "statutory"

Front 150

Registration af a real estate instrument can be given due course without the presentation of the owner's duplicate certificate of title when the document is:<br>a) Notice of adverse claim<br>b) Notice of lis pendens<br>c) Writ of attachment<br>d) All of the above<br>e) None of the above

Back 150

d) All of the above

Front 151

The following are public dominion

Back 151

except:<br>a) navigable river converted into fishpond<br>b) canal<br>c) public plaza converted into a housing project<br>d) subdivision roads<br>e) natural resources,c) public plaza converted into a housing project

Front 152

Under PD 892

Back 152

which titles can no longer be a source of right or ownership?,Spanish titles

Front 153

Must be paid before transacting with the Registry of Deeds

Back 153

taxes

Front 154

RA 496

Back 154

Land Registration Act<br>February 1, 1903

Front 155

PD 1529

Back 155

Property Registration Decree<br>June 11, 1978

Front 156

The [...] heads the office of the Registry of Deeds

Back 156

Registrar of Deeds

Front 157

The Registrar of Deeds heads the office of the [...]

Back 157

Registry of Deeds

Front 158

Under PD 1529

Back 158

each ___ and ___ is required to have a Registry of Deeds.,province<br>city

Front 159

An [...] Certificate of Title is issued by the Regional Trial Court

Back 159

Original

Front 160

An Original Certificate of Title is issued by the [...]

Back 160

Regional Trial Court

Front 161

The ___ is required when disposing assets of minors.

Back 161

authority of the court

Front 162

[...] is done in the office of the Registry of Deeds of the city or province where the property is located.

Back 162

Land Registration

Front 163

Land Registration is done in the office of the [...] of the city or province where the property is located.

Back 163

Registry of Deeds

Front 164

The first registration of the land whereby an Original Certificate of Title is entered in the Registry of Property and a duplicate owner's copy is issued to the owner by the Registry of Deeds

Back 164

original registration

Front 165

The registration of the land through the courts

Back 165

judicial registration

Front 166

Have exclusive jurisdiction over all applications for original registration of title to lands including improvements and interests therein

Back 166

Regional Trial Courts

Front 167

RTC

Back 167

Regional Trial Court

Front 168

Court of First Instance

Back 168

Regional Trial Court

Front 169

Land registration is governed by ___

Back 169

titled ___ with effectivity date of ___. It was replaced by ___, titled ___ with effectivity date of ___ which amended and codified the laws related to registration of property.,RA 496<br>Land Registration Act<br>February 1, 1903<br>PD 1529<br>Property Registration Decree<br>June 11, 1978

Front 170

An [...] Certificate of Title is issued by the Registry of Deeds

Back 170

Transfer

Front 171

An Transfer Certificate of Title is issued by the [...]

Back 171

Registry of Deeds

Front 172

The registration of land instituted by the applicant under the provisions of RA 496 or PD 1529

Back 172

voluntary registration

Front 173

The registration effected at the instance of the State under provision of the RA 2259 with pertinent provisions of RA 496 and PD 1529

Back 173

compulsory registration

Front 174

A written authorization or permit to develop or use or construct in certain areas or any parcel of land based on approved plan use or zoning ordinance; in the absence of a zoning ordinance

Back 174

the grant of permit shall be based on HLURB planning standards and guidelines,Locational Clearance

Front 175

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

Back 175

land banking

Front 176

The act of authorizing the change of the current use of a piece of agricultural land into non-agricultural use; such permit is proper only upon issuance of a clearance from the Department of Agrarian Reform

Back 176

conversion

Front 177

Refers to land devoted to agriculture as defined in RA 6657 and owned by natural or juridical persons

Back 177

or by the government in its private capacity,agricultural land

Front 178

Determines if a particular land ceases to be economically sound for agricultural purpose

Back 178

Department of Agrarian Reform<br>DAR

Front 179

Under the PD 1517 known as Urban Land Reform Law

Back 179

an area is considered urban when it has a population density of [...] and where 50% of economically active residents are engaged in non-agricultural activites.,at least 1,000 persons per square kilometer

Front 180

Under the PD 1517 known as Urban Land Reform Law

Back 180

an area is considered urban when it has a population density of at least 1,000 persons per square kilometer and where [...] of economically active residents are engaged in non-agricultural activites.,50%

Front 181

Under the PD 1517 known as Urban Land Reform Law

Back 181

an area is considered urban when it has a population density of at least 1,000 persons per square kilometer and where 50% of economically active residents are engaged in [...] activites.,non-agricultural

Front 182

PD 1517

Back 182

Urban Land Reform Decree<br>June 11, 1978

Front 183

Division of community into function zones based on present and potential use of properties to regulate use and growth of properties per comprehensive plan

Back 183

zoning

Front 184

Municipal or country regulation of land use within designated districts or zones

Back 184

zoning ordinance

Front 185

It is an application of the the state's police power to regulate private activity by enacting laws that benefit the public health

Back 185

safety, and general welfare. It may affect use of land, lot sizes, type of structure permitted, building heights, setbacks and density.,zoning ordinance

Front 186

Regulation of the character and use of property by a municipality or other government entity through the exercise of its police power

Back 186

zoning

Front 187

A once-lawful property use that is permitted to continue after a zoning ordinance prohibiting it has been established for the area; a use that differs sharply from the prevailing uses in a neighborhood.

Back 187

non-conforming structure or use

Front 188

[...] provided protection for legitimate tenants and requires clearance for development proposals and land transactions in proclaimed areas in Urban Land Reform Zones and Bagong Lipunan sites

Back 188

PD 1517

Front 189

PD 1517 provided protection for legitimate tenants and requires clearance for development proposals and land transactions in proclaimed areas in [...] and Bagong Lipunan sites

Back 189

Urban Land Reform Zones

Front 190

PD 1517 provided protection for legitimate tenants and requires clearance for development proposals and land transactions in proclaimed areas in Urban Land Reform Zones and [...]

Back 190

areas for priority development

Front 191

A center in the primate region of the country that operates in accordance with RA 7279 otherwise known as the Urban Development and Housing Act of 1992 and Executive Order no. 184 covering its implementing rules and regulations for this operational function

Back 191

Socialized Housing One-Stop Processing Center SHOPC

Front 192

A public document adopted by the LGU as a guide to the physical and socio-economic development of their community

Back 192

town plan

Front 193

Projects that have high potential for significant negative environmental impact and is listed under PD 2146 and Proclamation No 803

Back 193

s. 1996, as well as other projects which the president may proclaim as environmentally critical in accordance with the § 4 of PD 1586,environmentally-critical project<br>ECP

Front 194

A detailed guide on the procedure to be observed by the parties concerned in the Environmental Impact Statement System. It shall include among others

Back 194

guidelines on public participation and social acceptability, the EIS/IEE review criteria in accordance with § 4 of PD 1586,EIS Procedure Manual

Front 195

A certificate issued by the EMB certifying that

Back 195

based on the submitted project description, the project is not covered by the EIS System and is not required to secure an ECC,Certificate of Non-Coverage

Front 196

Document allowing proponent to undertake a particular critical project in a critical area with various conditions

Back 196

Environmental Compliance Certificate<br>ECC

Front 197

Refers to projects declared through Proclamation No 2146 and Proclamation No 803 which may pose significant negative environmental impact at certain thresholds of operation regardless of location

Back 197

Environmentally Critical Project<br>ECP

Front 198

An area listed under PP 2146

Back 198

Environmentally Critical Area<br>ECA

Front 199

A proposal for the future use of land based on sound planning principles

Back 199

and form part of the official document known as the Comprehensive Development Plan or a proposal which forms part of the comprehensive development plan,land use plan

Front 200

The entire process of organizations

Back 200

administration, and procedures institutionalized for purposes of assessing the significance of the effects of any project or undertaking on the quality of the physical, biological and socio-economic environment, and designing appropriate preventive, mitigating and enhancement measures,Environmental Impact Statement System<br>EIS System

Front 201

Refers to the fund that proponents required or opting to submit an EIS shall commit to establish when an ECC is issued by the DENR for its project or undertaking

Back 201

to be used to support the activities of the multipartite monitoring team,Environmental Monitoring Fund<br>EMF

Front 202

The use of scientific methods and information to define the probability and magnitude of potentially adverse effects which can result from exposure to hazardous materials or situations

Back 202

Environmental Risk Assessment<br>ERA

Front 203

A multi-sector team covered for the primary purpose of monitoring compliance by the proponent with the ECC

Back 203

the EMP and applicable laws, rules and regulations,Multipartite Monitoring Team<br>MMT

Front 204

The proponent's technical staff or a competent professional group commissioned by the proponent to prepare the EIS/IEE and other related documents

Back 204

preparer

Front 205

Any natural or juridical person intending to implement a project or undertaking

Back 205

proponent

Front 206

A layer in the stratosphere level of 10km to 50km high that protects the Earth from deadly rays of the sun

Back 206

ozone layer

Front 207

A city or municipality

Back 207

through an ordinance passed by the [...] after conducting public hearings, may reclassify lands.,Sanggunian

Front 208

A city or municipality

Back 208

through an ordinance passed by the Sanggunian after [...], may reclassify lands.,conducting public hearings

Front 209

A city or municipality

Back 209

through an ordinance passed by the Sanggunian after conducting public hearings, may [...] lands.,reclassify

Front 210

Government agencies mandated to regulate environment

Back 210

DENR<br>HLURB<br>LGU

Front 211

A general area declared through Proclamation 2146 as environmentally sensitive such that significant environmental impacts are expected if certain types / thresholds of proposed project are located

Back 211

developed or implemented in it,environmentally critical area<br>ECA

Front 212

Which is not an environmentally critical project?<br>A) Heavy & Resource extractive industries<br>B) Football field<br>C) Infrastructure projects<br>D) Golf course

Back 212

B) Football field

Front 213

It is the translation of a land use plan into legally-enforceable documents

Back 213

complete with penal provision and adopted by the Sangguniang Bayan/Panglunsod,zoning ordinance<br>ZO

Front 214

A proposal which forms part of comprehensive development plan

Back 214

land use plan

Front 215

A translation of the land use plan with penal provision

Back 215

zoning ordinance

Front 216

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

Back 216

stewardship principle

Front 217

Hidden treasures belong to the ___ and to the owner of the land

Back 217

building or other property in which it is found on a ___ sharing ratio.,finder in good faith<br>50:50

Front 218

The State is exercising its ___ when it expropriates land for public use upon payment of ___.

Back 218

power of eminent domain<br>just compensation

Front 219

Filling of submerged land by deliberate act of a government

Back 219

reclamation

Front 220

Money paid by the State when a public agency takes private property and converts it for public use

Back 220

just compensation

Front 221

Increase or addition of land by the deposit of sand and soil washed up naturally from a river

Back 221

lake or sea,accretion

Front 222

An owner whose land abuts a river

Back 222

riparian owner

Front 223

[...] of the State is that which it own in its private capacity

Back 223

Patrimonial property

Front 224

Patrimonial property of the State is that which it own in its [...]

Back 224

private capacity

Front 225

rights in fee simple

Back 225

bundle of rights

Front 226

Alienable and disposable land in the public domain

Back 226

agricultural land

Front 227

A kind of possession that is actual

Back 227

continuously adversarial, visible and required as an element of prescription,adverse possession

Front 228

An encumbrance imposed upon an immovable for the benefit of another immovable belonging to another

Back 228

easement<br>servitude

Front 229

A former natural born Filipino can acquire not more than [...] in the urban area for business purposes under RA 8179.

Back 229

5,000 sqm

Front 230

A former natural born Filipino can acquire not more than 5

Back 230

000 sqm in the [...] for business purposes under RA 8179.,urban area

Front 231

A formal natural born Filipino can acquire not more than 5

Back 231

000 sqm in the urban area for business purposes under [...].,RA 8179

Front 232

[...] is proof of ownership

Back 232

while possession is the exercise of the attribute of ownership.,Torrens Title

Front 233

Torrens Title is [...]

Back 233

while possession is the exercise of the attribute of ownership.,proof of ownership

Front 234

Torrens Title is proof of ownership

Back 234

while [...] is the exercise of the attribute of ownership.,possession

Front 235

Torrens Title is proof of ownership

Back 235

while possession is the [...].,exercise of the attribute of ownership

Front 236

A foreigner who is married to a Filipino spouse must execute an affidavit of waiver so that the title to the property bought by the Filipina may be ___.

Back 236

registered in the name of the Filipino spouse with the Registry of Deeds

Front 237

"Right of way" is a kind of

Back 237

easement and servitude

Front 238

Generally

Back 238

only Filipino citizens and corporation with at least 60% capital of which is owned by Filipinos are entitled to acquire and own land in the Philippines. However, aliens can still acquire real estate in the Philippines in the following cases, except:<br>A) acquisition before the 1935 Constitution<br>B) acquisition through hereditary succession if the acquiree is a legal heir<br>C) purchase of not more than 40% interest in a condominium project<br>D) purchase of residential house and lot<br>E) purchase by former natural born Filipino citizens subject to limitations prescribed by BP 185 and RA 8179,D) purchase of residential house and lot

Front 239

Lands escheated by the government is considered as

Back 239

patrimonial property

Front 240

bundle of rights theory

Back 240

rights in fee simple

Front 241

A former natural born Filipino may

Back 241

in addition to acquiring residential land under BP 185, still acquire land for business or other purposes under RA 8179 provided the area does not exceed,3 hectares for rural land<br>5,000 sqm for urban land

Front 242

The breaking of law

Back 242

or failure of duty, either by omission or commission,breach

Front 243

The rights of ownership whereby the owner has the right to enjoy

Back 243

dispose, exclude others, and to recover,right of accession

Front 244

Latin

Back 244

"Let the buyer beware",caveat emptor

Front 245

The buyer is duty-bound to examine the property he is purchasing and he assumes conditions which are readily ascertainable on the face of the title.

Back 245

caveat emptor<br>let the buyer beware

Front 246

Delay or negligence in asserting one's legal right

Back 246

latches

Front 247

The right of government to acquire property for necessary public or quasi-public use

Back 247

right of eminent domain

Front 248

Reversion of property to the state owing to lack of any heirs capable of inheriting

Back 248

or due to other causes provided by law,escheat

Front 249

The taking of property for public use with fair compensation to the owner

Back 249

expropriation

Front 250

The right of the state to enact laws and enforce them for the order

Back 250

safety, health, morals and general welfare of the public,police power

Front 251

A deed of release or renunciation of a legal right

Back 251

quitclaim

Front 252

Something that is part of something else that is transferred with the property when sold

Back 252

alienated such as a barn, dwelling, garage or orchard,appurtenance

Front 253

The [...] follows the principal.

Back 253

accessory

Front 254

The accessory follows the [...].

Back 254

principal

Front 255

The exercise of police power by the municipality or city in regulating and controlling the character and use of property

Back 255

zoning

Front 256

The automatic conveyance of real property to the State upon the owner's death due to the absence of will

Back 256

heirs or failure to pay taxes,escheat

Front 257

The accretion in which lands adjoining the banks of rivers

Back 257

creeks, torrents or lakes gradually received from the effects of the current of the water,alluvion

Front 258

Removal of land from one owner to another when a stream suddenly changes its channel

Back 258

avulsion

Front 259

Addition to the land through natural causes usually by change in water flow

Back 259

accretion

Front 260

Only Filipino citizens or corporations with ___ of capital owned by a Filipino citizen can acquire land in the Philippines.

Back 260

at least 60%

Front 261

How much agricultural lands of the public domain can a Filipino citizen acquire under free patent?

Back 261

not more than 12 hectares

Front 262

In Philippine Law

Back 262

the equivalent of real estate is,immovable property

Front 263

[...] is the law that allows former natural born Filipinos to acquire residential lands in the Philippines under certain conditions.

Back 263

BP 185

Front 264

BP 185 is the law that allows former natural born Filipinos to acquire [...] lands in the Philippines under certain conditions.

Back 264

residential

Front 265

[...] allows former natural born Filipinos to acquire lands for business purpose under certain conditions.

Back 265

RA 8179

Front 266

RA 8179 allows former natural born Filipinos to acquire lands for [...] under certain conditions.

Back 266

business purpose

Front 267

Under BP 185

Back 267

the maximum area of residential land that can be acquired by former natural born Filipinos,1,000 sqm, urban land<br>10,000 sqm, rural land

Front 268

Under RA 8179

Back 268

the maximum area of land for business purpose that can be owned by former natural born Filipinos,5,000 sqm for urban land<br>3 ha for rural land

Front 269

The acquisition of land by virtue of heriditary succession as an heir

Back 269

inheritance

Front 270

The right to acquire the interest of a deceased joint owner

Back 270

right of survivorship

Front 271

The priority of a tenant to buy the land located in an urban land reform area

Back 271

tenant's right of first refusal

Front 272

Refers to the different administrative methods of acquiring public lands such as

Back 272

homestead or free patent,public grant

Front 273

Execution by the owner of the appropriate document transferring ownership to another

Back 273

private grant

Front 274

The process by which land is taken against the consent of the owner as in expropriation proceeding

Back 274

execution of judgements, tax sales and foreclosure of mortgage,involuntary grant

Front 275

A stipulation in a contract which authorizes the mortgagee to appropriate the property as his own upon failure of the debtor to fulfill his obligation

Back 275

pactum commissorium

Front 276

A process wherein a property used as a collateral for a loan is sold to pay the loan in case of default on the part of the borrower

Back 276

foreclosure

Front 277

A stipulation which prohibits the mortgagor from alienating the property within the period of the mortgage

Back 277

pactum de non aliendo

Front 278

An instrument wherein property is pledged as a debt security

Back 278

creating a lien on the property,mortgage

Front 279

A kind of mortgage that can be paid even before maturity

Back 279

open mortgage

Front 280

In case of doubt

Back 280

a contract purporting to be [...] shall be construed as equitable mortgage,pacto de retro sale

Front 281

In case of doubt

Back 281

a contract purporting to be pacto de retro sale shall be construed as [...],equitable mortgage

Front 282

___ is where the lessee transfers his interest to another person

Back 282

assignment

Front 283

There is ___ when the lessee leases a portion of the property leased

Back 283

sublease

Front 284

In PD 471

Back 284

the maximum period of lease of real estate that may be agreed upon the lessor and a foreign lessee who is not a foreign investor is ___ , renewable for another ___.,25 years<br>25 years

Front 285

In RA 7652

Back 285

the maximum period of lease of real estate that may be agreed upon the lessor and a foreign lessee who is a foreign investor and the leased property is used solely for investment purposes is ___ , renewable for another ___.,50 years<br>25 years

Front 286

If the lease period is [...]

Back 286

then it must be made in writing.,more than 1 year

Front 287

If the lease period is more than 1 year

Back 287

then it must be made [...].,in writing

Front 288

RA 7652

Back 288

Investor Lease Act

Front 289

Investor Lease Act

Back 289

RA 7652

Front 290

A contract between an owner and a tenant on a thing with conditions of use

Back 290

lease contract

Front 291

Amount paid by the lessee of a house

Back 291

a flat or business building,rent

Front 292

Under the Rent Control Law

Back 292

the lessor may ask for a deposit rental not exceeding,2 months

Front 293

The clause in a mortgage that gives the mortgagor the right to redeem his property upon the payment of his obligations to cover the principal obligation

Back 293

defeasance clause

Front 294

If at the end of the period of lease

Back 294

the lessee continues to enjoy the thing leased with the acquiescence of the lessor, it is understood that there is a new lease,tacita reconduccion

Front 295

tacita reconduccion

Back 295

implied new lease

Front 296

implied new lease

Back 296

tacita reconduccion

Front 297

A provision in a financing agreement which renders the remaining principal balance of the loan immediately due and payable upon default in any stipulated installment

Back 297

acceleration clause

Front 298

A mortgage that covers two or more properties

Back 298

blanket mortgage

Front 299

Under RA 8791

Back 299

the maximum redemption period after extrajudicial foreclosure of a mortgage executed by a corporation in favor of a bank,3 months

Front 300

In a sale a retro where it is stipulated that the vendor has the right to repurchase the property when he has the means

Back 300

he has ___ to redeem it.,4 years

Front 301

A lease of property in which the rent is computed as a certain percentage of the amount of sales made within the property

Back 301

percentage lease

Front 302

A contract of sale with the stipulation that the vendor shall have the right to buy back the property within the agreed period

Back 302

pacto de retro<br>buy back agreement<br>repurchase agreement

Front 303

A mortgage containing a clause which permits the mortgagor to borrow additional money after the loan has been reduced

Back 303

without re-writing the mortgage,open end mortgage

Front 304

Failure to fulfill a duty or promise to discharge an obligation; an omission or failure to perform any act

Back 304

default

Front 305

Loss of money or anything of value

Back 305

due to failure to perform, such as under an agreement to purchase,forfeiture

Front 306

An action to foreclose a real estate mortgage prescribes in ___

Back 306

10 years

Front 307

To hypothecate a property with transfer of possession

Back 307

Contract of Antichresis

Front 308

Payment of the debt or obligation with a property

Back 308

payment in kind<br>dacion en pago

Front 309

In case of the sale of a house and lot with the right to repurchase

Back 309

the period of redemption shall be ___ from the date of contract in the absence of any agreement. Should there be an agreement, the period cannot exceed ___. However, the vendor may still exercise the right to repurchase within ___ from the time final judgement was rendered in a civil action on the basis that the contract was a true sale with right to repurchase.,4 years<br>10 years<br>30 days

Front 310

Property foreclosed judicially can no longer be redeemed by the owner after the auction sale has been confirmed by the court

Back 310

except when the mortgagee is a ___ where redemption may still be made within ___ from the ___ of the auction sale.,bank<br>1 year<br>registration

Front 311

A contract wherein the mortgagee receives the fruit of the property with the obligation to apply them in payment of the interest and principal

Back 311

antichresis

Front 312

When a property is subject to Rent Control Law

Back 312

the lessor can eject the lessee when there is need of the owner or his immediate family member to use the premises for residence on the following conditions, except:<br>A) lease has expired<br>B) three (3) months advance notice is given to the lessee<br>C) the owner or immediate family member has no other dwelling<br>D) the owner or immediate family member will use the premises for business<br>E) the lessor or immediate family member will live in the premises for at least one year,D) the owner or immediate family member will use the premises for business

Front 313

A judgment for the mortgagor to pay the balance of an obligation if the proceeds of the foreclosure sale is not sufficient to cover the principal obligation

Back 313

deficiency judgement

Front 314

In an extra-judicial foreclosure of mortgage of real estate acquired through homestead

Back 314

the redemption period is ___,5 years

Front 315

Maximum period for the right of redemption in an extrajudicial foreclosure of mortgage

Back 315

1 year

Front 316

Maximum period for equity of redemption in a judicial foreclosure of mortgage

Back 316

90 days

Front 317

X

Back 317

owner of a 10-door apartment, rented a unit to Y for a period of one year. Under the law on lease, Y, without the consent of X, may perform any of the following acts, except:<br>A) sublease the unit<br>B) assign his rights<br>C) suspend payment if X fails to make the necessary repairs<br>D) demand reimbursement constituting one half the value of the useful improvement introduced in good faith<br>E) none of the above,B) assign his rights

Front 318

Extrajudicial foreclosure is undertaken in accordance with the provisions of ___

Back 318

Rule 68 of the Rules of Court

Front 319

The conveyance of real estate in payment of an obligation

Back 319

dacion en pago

Front 320

A mortgage in which the collateral is not allowed to be used as security for another loan

Back 320

close end mortgage

Front 321

Where the final installment payment on a note is greater than the preceding installment payments and the payer pays the note in full

Back 321

balloon payment

Front 322

Payment in lump sum although not yet due

Back 322

accelerated payment

Front 323

A contract of lease shall be binding even on third parties if the contract of lease is ___

Back 323

Recorded in the Registry of Property

Front 324

A house and lot with swimming pool was rented by an expatriate in Dasmariñas Vilage

Back 324

Makati City for the monthly rental of ₱150,000 per month. Up to how many months advance rental may the owner impose of the tenant?,depends on agreement of the parties

Front 325

In case of refusal by the lessor to accept payment of the rental agreed upon

Back 325

the lesee may either deposit, by way of consignation, the amount in:<br>A) court<br>B) city/municipal treasurer<br>C) bank in the name of and with notice to the lessor<br>D) any of the above<br>E) none of the above,D) any of the above

Front 326

RA 9653

Back 326

Rent Control Act<br>July 29, 2009

Front 327

According to RA 9653

Back 327

the maximum annual increase in rent for residential units cannot exceed ___.,7%

Front 328

According to the [...]

Back 328

contracts must be in writing to be enforceable,Statute of Frauds

Front 329

According to the Statute of Frauds

Back 329

contracts must be [...] to be enforceable,in writing

Front 330

According to the Statute of Frauds

Back 330

contracts must be in writing to be [...],enforceable

Front 331

Delay or negligence in asserting one's legal right

Back 331

latches

Front 332

A deed used to convey real property

Back 332

which warranties of title and quiet possessions,warranty deed<br><br>NB: In a warranty deed, the grantor agrees to defend the premises against the lawful claims of third persons.

Front 333

An action instituted by the vendee against the vendor to void a sale on account of some vice or defect in the thing sold which renders it unfit for the use intended or which will diminish its fitness for such use to such an extent that

Back 333

had the vendee aware thereof, he would not have acquired it,action for rescission

Front 334

A contract granting a person the privilege to buy or not to buy certain objects at anytime within the agreed period at a fixed price

Back 334

option contract

Front 335

A clause that begins with "to have and to hold" which defines or limits the quantity of the estate granted in the premise of the deed

Back 335

habendum clause

Front 336

When a property is sold to two or more buyers

Back 336

the property goes to the ___,buyer in good faith who first registers with the Register of Deeds

Front 337

When a property is sold to two or more buyers and have not registered the sale with the RD

Back 337

the property goes to,buyer in good faith who is in possession

Front 338

An agreement where the consideration of a contract or a portion thereof is entrusted to a third party known who is authorized to release payment after fulfillment of some condition

Back 338

escrow

Front 339

The voluntary transfer of real estate

Back 339

private grant

Front 340

A contract which is merely an executory contract or a mere promise to sell with no transfer of ownership

Back 340

Contract To Sell

Front 341

A [...] is to Deed of Absolute Sale; <br>A Contract to Sell is to Deed of Conditional Sale

Back 341

Contract of Sale

Front 342

A Contract of Sale is to [...]; <br>A Contract to Sell is to Deed of Conditional Sale

Back 342

Deed of Absolute Sale

Front 343

A Contract of Sale is to Deed of Absolute Sale; <br>A [...] is to Deed of Conditional Sale

Back 343

Contract to Sell

Front 344

A Contract of Sale is to Deed of Absolute Sale; <br>A Contract to Sell is to [...]

Back 344

Deed of Conditional Sale

Front 345

The portion of a deed of conveyance transferring specific interest in the property

Back 345

habendum clause

Front 346

A document which transfers

Back 346

conveys and assigns a real estate property from the owner to the buyer,Deed of Absolute Sale

Front 347

___ is where the sale contemplates a contigency

Back 347

i.e. subject to certain conditions usually the payment of the purchase price,Contract to Sell

Front 348

___ is not subject to any condition and the title passes to the buyer upon delivery of the thing sold.

Back 348

Deed of Sale

Front 349

Things having a potential existence may be the object of a ___

Back 349

Contract of Sale

Front 350

Essential requirements of a Contract of Sale

Back 350

1. consent or meeting of minds of buyer and seller<br>2. object or subject matter<br>3. cause or consideration

Front 351

In a legal contract/instrument between individuals as parties the instrument must contain the following, except: A) Full names and addresses B) Civil status and citizenship C) Capacity and personality in the contract D) Board resolution

Back 351

D) Board resolution

Front 352

A contract wherein ownership is reserved in the vendor and is not passed until full payment of the price

Back 352

Contract to Sell

Front 353

In a Contract to Sell by a corporation

Back 353

the instrument must include the following, except:<br>A) the firm has legal right to own land in the Philippines in case ownership is to be transferred<br>B) Contract is duly authorized by proper Board Resolutions of the Directors<br>C) Financial statement of the corporation<br>D) Board resolution authorizing the officer to represent and sign in behalf of the corporation,C) Financial statement of the corporation

Front 354

standard form contract<br>take-it-or-leave-it contract

Back 354

contract of adhesion

Front 355

A contract drafted by one party and signed by the weaker party

Back 355

contract of adhesion<br>adhesion contract

Front 356

No [...] may be admitted to take the board exam nor be given certificate to operate in the Philippines unless there is foreign reciprocity.

Back 356

foreigner

Front 357

No foreigner may be admitted to take the board exam nor be given certificate to operate in the Philippines unless there is [...].

Back 357

foreign reciprocity

Front 358

In order that a candidate may be deemed to have passed the examination

Back 358

s/he must have obtained ___ in all subjects with no rating below ___.,75%<br>50%

Front 359

Attendance in Real Estate Seminar and Review with certification provided by an accredited ___ by PRC is prerequisite in taking the Real Estate Broker's Exam.

Back 359

provider

Front 360

The professional identification card from PRC shall be renewed every ___.

Back 360

3 years

Front 361

A [...] is a duly accredited natural person by PRC who performs real estate service in behalf of a registered and licensed real estate broker.

Back 361

real estate salesperson

Front 362

A real estate salesperson is a duly accredited natural person by PRC who performs [...] in behalf of a registered and licensed real estate broker.

Back 362

real estate service

Front 363

A real estate salesperson is a duly accredited natural person by PRC who performs real estate service in behalf of a [...].

Back 363

registered and licensed real estate broker

Front 364

[...] is the accredited and integrated professional organization by PRC.

Back 364

AIPO

Front 365

Cash surety bond of real estate is renewable every [...].

Back 365

3 years

Front 366

Cash surety bond of real estate is [...]

Back 366

₱ 20,000

Front 367

Under §32 on corporate practice of the real estate service

Back 367

developers shall regularly submit to the commission and to the SEC a list of [...].,accredited real estate service practitioners

Front 368

Per §30 of IRR RESA

Back 368

all positions in government requiring the services of registered and licensed real estate service practioners shall be filled only by [...] within 3 years from effectivity.,registered and licensed real estate service practitioners

Front 369

Per §30 of IRR RESA

Back 369

all positions in government requiring the services of registered and licensed real estate service practioners shall be filled only by registered and licensed real estate service practitioners within [...] from effectivity.,3 years

Front 370

Per §31 of IRR RESA

Back 370

the Board shall accredit real estate salespersons with at least [...] in college with at least 2 units in CEP training. No examination shall be given.,2 years

Front 371

Per §31 of IRR RESA

Back 371

the Board shall accredit real estate salespersons with at least 2 years in college with [...] in CEP training. No examination shall be given.,at least 12 units

Front 372

Per §31 of IRR RESA

Back 372

the Board shall accredit real estate salespersons with at least 12 years in college with at least 2 units in CEP training. [...] examination shall be given.,No

Front 373

Per §32 of IRR RESA

Back 373

Board may accredit real estate sales person until July 30, 2011 if they are registered with DTI and in the active practice for at least [...] as may be certified by a licensed broker or real estate developer prior to effectivity of RA 9646 and with 120 training hours in real estate brokerage and have submitted NSO certificate of live birth, NBI clearance, certificate of educational attainment or its equivalent, notarized certificate of training seminar, and notarized certificate of their supervising licensed broker as may be required by the Board.,3 years

Front 374

Per §32 of IRR RESA

Back 374

Board may accredit real estate sales person until July 30, 2011 if they are registered with DTI and in the active practice for at least 3 years as may be certified by a licensed broker or real estate developer prior to effectivity of RA 9646 and with [...] training hours in real estate brokerage and have submitted NSO certificate of live birth, NBI clearance, certificate of educational attainment or its equivalent, notarized certificate of training seminar, and notarized certificate of their supervising licensed broker as may be required by the Board.,120

Front 375

Per §32 of IRR RESA

Back 375

Board may accredit real estate sales person until July 30, 2011 if they are registered with DTI and in the active practice for at least 3 years as may be certified by a licensed broker or real estate developer prior to effectivity of RA 9646 and with 120 training hours in real estate brokerage and have submitted NSO certificate of live birth, NBI clearance, certificate of educational attainment or its equivalent, notarized certificate of training seminar, and notarized certificate of their [...] as may be required by the Board.,supervising licensed broker

Front 376

No real estate salesperson

Back 376

either directly or indirectly, can negotiate, mediate or transact any real estate transaction for and in behalf of a real estate broker without first securing an [...] as real estate salesperson for the real estate broker as prescribed by the Board.,authorized accreditation

Front 377

No real estate salesperson

Back 377

either directly or indirectly, can negotiate, mediate or transact any real estate transaction for and in behalf of a real estate broker without first securing an authorized accreditation as real estate salesperson for the [...] as prescribed by the Board.,real estate broker

Front 378

A real estate broker shall be guilty of violating RA 9646 or the IRR for utilizing the services of a real estate salesperson who has not secured the required [...] from the Board.

Back 378

accreditation

Front 379

No violation of this provision per §31 shall be caused for revocation of broker's license unless there was [...] of such violation or the broker retains the benefits

Back 379

profits or proceeds of a transaction wrongfully negotiated by the salesperson.,actual knowledge

Front 380

No partner or corporation shall engage in the business of real estate service unless it is duly registered with the SEC and persons authorized to act for the partnership or corporation are all [...] real estate brokers

Back 380

appraisers or consultants as the case may be.,duly registered and licensed

Front 381

Under § 32

Back 381

the partnership or corporation shall regularly submit a list of [...] to the Commission and SEC as part of its annual reportorial requirements.,real estate service practitioners

Front 382

Under § 32

Back 382

the partnership or corporation shall regularly submit a list of real estate service practitioners to the Commission and SEC as part of its [...] requirements.,annual reportorial

Front 383

There shall be at least 1 licensed real estate broker for every [...] accredited salespersons

Back 383

per § 32.,20

Front 384

Divisions or departments of partnership and corporations engaged in marketing or selling any real estate development project in the regular course of business must be headed by [...] registered and licensed real estate broker in accordance with § 32.

Back 384

full-time

Front 385

Branch offices shall be manned by [...] real estate brokers

Back 385

appraisers, consultants as the case may be.,duly licensed

Front 386

In case of termination or resignation from office of a real estate practitioner

Back 386

the same shall be reported by employer to the Board within a period of [...] from date of effectivity.,15 days

Front 387

Subject to the provisions of the Labor Code

Back 387

a corporation or partnership may hire the services of registered and licensed real estate brokers, appraisers, consultants on commission basis to perform real estate service and the latter shall be deemed [...] contractors and not employees of such corporation.,independent

Front 388

The [...] of the official seal of the PRBRES signifies the vital role of the real estate service practitioners in the social

Back 388

political, economical development and progress of the Philippines.,rising sun

Front 389

The [...] of the official seal of the PRBRES signifies ethical standards and prosperity.

Back 389

gold

Front 390

[...] is an Act regulating the practice of Real Estate Service in the Philippines or within the Philippine jurisdiction.

Back 390

RA 9646 or RESA Law

Front 391

July 29

Back 391

2009

Front 392

RA 9646

Back 392

RESA Law<br>Real Estate Service Act<br>July 29, 2009

Front 393

[...] refers to the Professional Regulatory Board of Real Estate Service

Back 393

The Board

Front 394

The Board refers to the [...]

Back 394

Professional Regulatory Board of Real Estate Service

Front 395

Real Estate Service Practitioners shall refer to [...].

Back 395

real estate consultants, appraisers, brokers and salespersons

Front 396

[...] refers to a person who conducts valuation and possesses the necessary qualifications

Back 396

license, ability and experience.,Appraiser

Front 397

[...] refers to an official in the local government unit who performs appraisal and assessment of real properties

Back 397

including plants, equipment and essentially for taxation purpose.,Assessor

Front 398

[...] shall refer to real estate consultants

Back 398

appraisers, brokers and salespersons.,Real Estate Service Practitioners

Front 399

[...] refers to duly registered and licensed natural person who for a professional fee acts as an agent for a real estate transaction.

Back 399

Real estate broker

Front 400

Real estate broker refers to duly registered and licensed natural person who for a [...] acts as an agent for a real estate transaction.

Back 400

professional fee

Front 401

Real estate broker refers to duly registered and licensed natural person who for a professional fee acts as an [...] for a real estate transaction.

Back 401

agent

Front 402

[...] is the natural and integrated professional organization of natural persons duly registered and licensed as real estate service practitioners. To be recognized by the Board as the only accredited organization of real estate practitioners. It is mandatory to join for those registered with the PRBRES.

Back 402

AIPO

Front 403

The Board shall adopt and promulgate the Code of Ethics and Responsibilities for real estate practitioners which shall be prescribed by the [...].

Back 403

Commission

Front 404

The Real Estate Practitioner who fails to comply with the necessary CPE requirements within [...] after effectivity of RA 9646 on or before July 30

Back 404

2011 shall be required to take the Board Exam.,2 years

Front 405

The Real Estate Practitioner who fails to comply with the necessary CPE requirements within 2 years after effectivity of [...] on or before July 30

Back 405

2011 shall be required to take the Board Exam.,RA 9646

Front 406

The Real Estate Practitioner who fails to comply with the necessary CPE requirements within 12 years after effectivity of RA 9646 on or before July 30

Back 406

2011 shall be required to take the [...].,Board Exam

Front 407

The duration of the Professional Indemnity Insurance of Real Estate Broker is [...].

Back 407

3 years

Front 408

Per § 39

Back 408

any violation of RA 9646 including violations of the IRR by a licensed accredited person shall be meted the penalty of fine of not less than [...] and/or 4 years imprisonment.,₱ 100,00

Front 409

Per § 39

Back 409

any violation of RA 9646 including violations of the IRR by a licensed accredited person shall be meted the penalty of fine of not less than ₱ 100,00 and/or [...] imprisonment.,4 years

Front 410

The Board shall be assisted by the Commission in carrying out the provisions of RA 9646 & IRR. The lawyers of the Commission shall act as [...] agaist illegal practitioners and other violators.

Back 410

prosecutors

Front 411

RA 9646 or RESA Law has [...] sections.

Back 411

45

Front 412

IRR of RA 9646 refers to several words

Back 412

except:<br>A) Implementing Requirements and Rules of RA 9646<br>B) Implementing Rules and Regulations of RA 9646<br>C) regulations<br>D) IRR - Real Estate Service Act of the Philippines,A) Implementing Requirements and Rules of RA 9646

Front 413

The Board shall create a [...] composed of a chairperson coming from the Board

Back 413

a member from AIPO and a member from the academe.,CPE Council

Front 414

Not included in the following instances leading to revocation or suspension of Certificate of Registration and the Professional Identification Card:<br>A) Procurement of certificate of registration and/or professional identification card or special/temporary permit by fraud or deceit; unprofessional or unethical conduct<br>B) Allowing an unqualified person to advertise or to practice the profession by using one's certificate of registration or professional identification card

Back 414

or special temporary permit<br>C) Malpractice or violation of any of the provisions of RA 9646, the IRR, and the Code of Ethics & Responsibilities for real estate service practitioners<br>D) Engaging in the practice of profession during the period of one's suspension,D) Engaging in the practice of profession during the period of one's suspension

Front 415

Covergae of those who shall be registered by the Board without examination

Back 415

except:<br>A) Active practioners with 15 CEP units during the effectivity of the RA 9646 as of July 30, 2009 with 24 CEP units earned from 2007 to July 30, 2011<br>B) Passed 2006 DTI exam and prior years but failed to secure license upon effectivity of RA 9646 with earnings of 120 CEP credit units<br>C) Passed 2007 DTI exam but fail<br>ed to secure license on July 30,2009 and with 18 CEP units. Passed 2008 & 2009 DTI exam but failed to secure license upon effectivity of RA 9646 and with 15 units.<br>D) Passed the 2011 exam but failed to secure license prior to June 1, 2011<br>; failed to renew license ,D) Passed the 2011 exam but failed to secure license prior to June 1, 2011

Front 416

Not included in the composition of the official seal of the Professional Regulatory Board of Real Estate Service (PRBRES):<br>A) Land

Back 416

structures, trees & Fruits, green lines, rising sun<br>B) Red, white , blue, yellow, gold<br>C) Blue, green, sun & rays, map of the Philippines<br>D) Building, blue, green, violet,D) Building, blue, green, violet

Front 417

Not true interpretation:<br>A) Land - real estate

Back 417

structures - improvement on land, trees & fruits - agricultural produce, green lines - real estate<br>B) Red, white, blue, yellow - color of the Philippine flag, blue - service, green - environment & ecology<br>C) Sun and rays - life & light, rising sun - vital role of RESP in Philippine progress, map of the Philippines - the Philippine archipelago<br>D) Land - prime rice land, red - alertness, vigilance,D) Land - prime rice land, red - alertness, vigilance

Front 418

Zoning is an exercise of the ___ power of the State.

Back 418

police

Front 419

PD 957

Back 419

The Subdivision and Codominium Buyers' Protective Decree

Front 420

The Subdivision and Codominium Buyers' Protective Decree

Back 420

PD 957

Front 421

Document to be checked before buying a subdivision lot

Back 421

License to Sell

Front 422

Highest selling price for a house and lot package under Economic Housing

Back 422

₱ 1,250,000.00

Front 423

Highest selling price for a house and lot package under Socialized Housing

Back 423

₱ 450,000.00

Front 424

Time frame to develop one (1) phase of a subdivision from issuance of the License to Sell

Back 424

1 year

Front 425

§31 of PD 957 requires that the broker or salesman who negotiated the sale of a subdivision lo or condominium unit shall act as a ___ to the sales document with an indication of his ___ and ___.

Back 425

witness<br>license number<br>expiry date

Front 426

The law providing for the comprehensive and integrated shelter and Urban Development Financing Program

Back 426

EO # 90

Front 427

The body which formulates the policies and objectives as well as the overall strategies for the country's National Shelter Program

Back 427

HUDCC<br>Housing and Urban Development Coordinating Council

Front 428

HUDCC

Back 428

Housing and Urban Development Coordinating Council

Front 429

A subdivision plan or a registered land wherein a street

Back 429

passageway or open spaces is delineated on the plan,complex subdivision

Front 430

In PD 957

Back 430

a juridical person refers to a business firm. These are:,corporation<br>partnership<br>cooperative<br>association<br>sole proprietorship

Front 431

Under PD 957

Back 431

___ is also included in the enumeration of juridical persions.,sole proprietorship

Front 432

The entire parcel of real property divided or to be divided into condominiums

Back 432

including all structure thereon,project

Front 433

One of a series of individual homes having architectural unity and a common wall between each unit

Back 433

rowhouse<br>townhouse

Front 434

rowhouse

Back 434

townhouse

Front 435

townhouse

Back 435

rowhouse

Front 436

Refers to the limitation on the use of the lot such as allowable use

Back 436

building lot ratio, prohibition against subdivision or more than one single detached house, etc.,Deed Restrictions

Front 437

Refers to the indentation along corner lot to provide better visibility to pedestrian traffic

Back 437

chaplan

Front 438

The Articles of Incorporation of the Homeowner's Association is registered with the ___

Back 438

HLURB<br>Housing and Land Use Regulatory Board

Front 439

The Articles of Incorporation of the Condominum Corporation is registered with the ___

Back 439

SEC<br>Securities and Exchange Commission

Front 440

Individual titles to the subdivision lots may be issued by the Register of Deeds upon approval of the Land Management Bureau or Land Registration Authority without prior approval of the local government and HLURB when the resulting number of lots is

Back 440

less than ten (10)

Front 441

A subdivision project with a gross area of less than ___ is not required to have open space for a park

Back 441

1 hectare

Front 442

Subdivision projects approved under the BP 220 are classified into two types

Back 442

economic subdivision<br>socialized subdivision

Front 443

Current fair market value of the raw land and its land development cost

Back 443

project cost

Front 444

A document granting authority to any registered owner/developer to sell lots or units within an approved subdivision or condominum project and providing for the duties and obligations of said owner or developer

Back 444

License to Sell

Front 445

In a joint venture

Back 445

the stipulated percentage of sharing between the landowner and the developer is implemented by:,sharing of sales proceeds<br>sharing of salable units<br><br>or a combination of the above

Front 446

Realty Installment Buyer Act

Back 446

RA 6552

Front 447

RA 6552

Back 447

Realty Installment Buyer Act

Front 448

Maceda Law

Back 448

RA 6552<br>Realty Installment Buyer Act

Front 449

RA 6552<br>Realty Installment Buyer Act

Back 449

Maceda Law

Front 450

Development of a memorial park is covered by what law?

Back 450

PD 957

Front 451

Agencies involved in the National Shelter Program

Back 451

NHMFC<br>HLURB<br>HGC<br>NHA<br>HDMF

Front 452

NHMFC

Back 452

National Home Mortgage Finance Corporation

Front 453

HLURB

Back 453

Housing and Land Use Regulatory Board

Front 454

HGC

Back 454

Home Guaranty Corporation

Front 455

NHA

Back 455

National Housing Authority

Front 456

HDMF

Back 456

Home Development Mutual Fund

Front 457

Land development intended primarily for intensive agricultural activities and secondarily for housing

Back 457

farmlot subdivision

Front 458

Minimum lot area for farm lots

Back 458

1,000 m²

Front 459

Minimum frontage of farm lots

Back 459

20 m

Front 460

Maximum buildable area for farm lots

Back 460

25%

Front 461

Lots for industrial activities and production

Back 461

industrial lots

Front 462

Purchase by a person of more than one salable lot within an approved subdivision for the purpose of reselling them with or without alteration

Back 462

bulk buying

Front 463

Under BP 220

Back 463

maximum headroom clearance if ceilings are not provided,2 m

Front 464

Under BP 220

Back 464

mezzanine floors shall have a clearing height of ___ above and below it. It should not cover ___ of the floor area below it.,1.8 m<br>50%

Front 465

Under BP 220

Back 465

minimum clear widths for main door,0.8 m

Front 466

Under BP 220

Back 466

minimum clear widths for service or bedroom door,0.7 m

Front 467

Under BP 220

Back 467

minimum clear widths for bathroom door,0.6 m

Front 468

Industrial estate

Back 468

Industrial subdivision

Front 469

Industrial subdivision

Back 469

Industrial estate

Front 470

Under BP 220

Back 470

openings for windows should be at least ___,10% of floor area

Front 471

Under BP 220

Back 471

openings for bathroom windows should be ___,at least 20% of floor area

Front 472

Under BP 220

Back 472

stairs should have a minimum width of,0.6 m

Front 473

Under BP 220

Back 473

stairs should have a maximum riser of,0.25 m

Front 474

Under BP 220

Back 474

stairs should have a minimum tread of,0.2 m

Front 475

Under BP 220

Back 475

maximum height between stair landings,3.6 m

Front 476

Use limited to the provision of resting places for cremated human remains of the religious/members of congregation

Back 476

such as but not limited to priests, ministers, pastors and the like and their spouses, if applicable,ancillary use

Front 477

Ashes resulting from the cremation of a dead body

Back 477

cinerary remains<br>cremains

Front 478

A structure

Back 478

either freestanding or part of another building, containing niches for the inurnment of human remains,columbarium

Front 479

A process that reduces human remains to bone fragments of sand-like substance and ashes through combustion and dehydration

Back 479

cremation

Front 480

Disportion of human remains by burial in the earth

Back 480

entombment in a mausoleum or inurnment in a columbarium,internment

Front 481

Placing of cremated remains in an urn

Back 481

inurnment

Front 482

Compartment used as internment space

Back 482

niche

Front 483

A niche in a columbarium project

Back 483

cinerarium<br>vault

Front 484

Internment space for the bones

Back 484

ossuary

Front 485

A subdivision scheme where the resulting blocks are more or less rectangular in shape

Back 485

gridiron subdivision

Front 486

A subdivision plan prepared for a flat terrain condition

Back 486

square planning

Front 487

Subdivision developers are required to develop a portion of the gross area of the project

Back 487

inclusive of road, alleys and other service areas for park and recreation, equivalent to ___ of the gross area of the land,30%

Front 488

A certificate issued by the HLURB that is proper only upon compliance with §4 of PD 957 and other similar provisions of the various rules. It vests legal status in a project such that its name may be changed onlly upon proper application and publication among other requirements.

Back 488

Certificate of Registration

Front 489

Pag-IBIG

Back 489

Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno

Front 490

Pagtutulungan sa Kinabukasan: Ikaw

Back 490

Bangko, Industriya at Gobyerno,Pag-IBIG

Front 491

Pag-IBIG Fund

Back 491

HDMF<br>Home Development Mutual Fund

Front 492

Housing and Urban Development Coordinating Council

Back 492

HUDCC

Front 493

A subdivision plan prepared for a rolling terrain condition

Back 493

curvilinear layout

Front 494

[...] is a survey map indicating the elevation and contour of the property.

Back 494

Topographic map

Front 495

Topographic map is a survey map indicating the [...] and contour of the property.

Back 495

elevation

Front 496

Topographic map is a survey map indicating the elevation and [...] of the property.

Back 496

contour

Front 497

A scale of 1:200 in surveying is [...] is equal to 2 m.

Back 497

1 cm

Front 498

A scale of 1:200 in surveying is 1 cm is equal to [...].

Back 498

200cm

Front 499

A kind of survey where the shape of the earth is taken into account in computing the results

Back 499

geodetic survey

Front 500

Refers to the imaginary line connecting from a reference point to point "1" of any given lot plan

Back 500

tie line

Front 501

The following are types of property descriptions ordinarily used in deeds

Back 501

contracts, offer to sell and lease, except:<br>A. Lot number<br>B. Bearing and azimuth<br>C. Monuments<br>D. Rectangular survey<br>E. Metes and bounds,B. Bearing and azimuth<br><br>these are just angles, and do not describe anything else

Front 502

A standard term used to a fixed object or as reference point established and set by a geodetic engineer to indentify the land boundaries

Back 502

cylindrical concrete monument

Front 503

Survey symbols that represent the subdivision survey by private geodetic engineer

Back 503

Psd

Front 504

Which of the following reasons is not a valid justification to conduct a topographic survey?<br>A. As a basis for determining the cost of land development<br>B. As a basis for establishing points and locating the land boundaries<br>C. As a basis for designing the draining system<br>D. As a basis for planning the road network

Back 504

B. As a basis for establishing points and locating the land boundaries

Front 505

A land survey always uses a reference point which could be:<br>A) Bureau of Lands Location Monument<br>B) Municipal Location Monument<br>C) Provincial Boundary Monument<br>D) City Boundary Monument<br>E) All of the above

Back 505

E) All of the above

Front 506

A map that shows the location of the property

Back 506

indicating known landmarks such as church, bridge, school, commercial establishment and name of roadways leading to the property,location map

Front 507

A kind of survey in which photographs are used to determine the configuration of land

Back 507

man-made and natural features,photogrammetry survey

Front 508

In an approved lot plan

Back 508

you will never find a direction described as:<br>A) N 78 deg. 27" E<br>B) S 1 deg. 78" E<br>C) N 92 deg. 37' 40" E<br>D) Due North,C) N 92 deg. 37' 40" E<br><br>directions must be in the range (0, 90),<br>excluding both 0 and 90

Front 509

In some old Spanish titles

Back 509

the unit of measure of 1 are is equivalent to,100 m²

Front 510

To plot a given property

Back 510

the basic data needed are the [...] and distance of the lines indicated in the lot descriptions.,bearing

Front 511

To plot a given property

Back 511

the basic data needed are the bearing and [...] of the lines indicated in the lot descriptions.,distance

Front 512

A tract of agricultural land measuring 2 hectares

Back 512

86 ares and 700 centares has a total area of ___.,29,300 m²<br>2.93 hectares<br>

Front 513

A professional person who determines the shape

Back 513

contour and measurement of land,geodetic engineer

Front 514

[...] refers to a subdivision plan where the resulting blocks are rectangular in shape.

Back 514

Gridiron layout

Front 515

Gridiron layout refers to a subdivision plan where the resulting blocks are [...] in shape.

Back 515

rectangular

Front 516

The first survey undertaken on a piece of land to determine its technical descriptions

Back 516

area and relative location with other lands,original survey

Front 517

The technical description in the TCT of real property can be readily plotted on a sheet of paper by using what kind of data?

Back 517

bearing<br>distances from lot points

Front 518

Lines in a topographic map which indicate the elevation of the terrain at various sections

Back 518

contour lines

Front 519

Methods of identifying the boundaries of a parcel of land by placing stakes or pins in the ground or by pointing marks on stone wall or rocks

Back 519

relocation survey

Front 520

BLLM

Back 520

Bureau of Lands Location Monument

Front 521

Using the 4-3-2-1 rule (depth rule)

Back 521

a 5 hectare belonging to different owners was sold for ₱ 5,000,000.00. What is the share of lot owners owning the first quarter abutting the road?,₱ 2,000,000.00

Front 522

Fixed objects and points established by the surveyors to establish land locations

Back 522

tie point

Front 523

Survey of wide extent

Back 523

within a municipality or a province, for the purpose of locating property lines in connection with existing ownership,cadastral survey

Front 524

A reference point with known geographic position established by the Bureau of Lands

Back 524

tie point

Front 525

BLBM

Back 525

Bureau of Lands Barrio Monument

Front 526

Pls

Back 526

Public Land Subdivision

Front 527

A map showing the configuration of a parcel of land and also the basic information of a survey plan

Back 527

lot plan

Front 528

A plan showing how a property will be subdivided indicating the layout and sizes of the subdivision lots

Back 528

roads, playgrounds, open spaces and other amenities,subdivision scheme

Front 529

The accurate measurement of land to determine its boundaries

Back 529

its area and its contours or elevation,surveying

Front 530

A [...] survey are done by the government

Back 530

public

Front 531

A public survey are done by the [...]

Back 531

government

Front 532

PBM

Back 532

Provincial Boundary Monument

Front 533

The amount of family home equivalent to fair market value considered as allowable deduction from the estate of a decedent

Back 533

₱ 1,000,000

Front 534

In payment of estate tax

Back 534

an allowed deduction to the gross estate of a decedent is funeral expense which is [...] of gross estate or ₱200,000 whichever is lower.,5%

Front 535

In payment of estate tax

Back 535

an allowed deduction to the gross estate of a decedent is funeral expense which is 5% of gross estate or [...] whichever is lower.,₱200,000

Front 536

Real estate brokers with an aggregate income of [...] within a 12-month period are required to register as VAT taxpayers.

Back 536

₱720,000 or more

Front 537

Real estate brokers with an aggregate income of ₱720

Back 537

000 or more within a [...] period are required to register as VAT taxpayers.,12-month

Front 538

Real estate brokers with an aggregate income of ₱720

Back 538

000 or more within a 12-month period are required to register as [...] taxpayers.,VAT

Front 539

Documentary Stamp Tax for sale of real estate

Back 539

₱15 for every ₱1,000 or fraction thereof

Front 540

Documentary stamp tax for mortgages

Back 540

₱20 for first ₱5,000<br>₱10 for every ₱5,000 thereafter

Front 541

Documentary tax for lease

Back 541

₱3 for first ₱2,000<br>₱1 for every ₱1,000 thereafter

Front 542

A real estate property with an LTS and classified as ordinary asset was sold for ₱3.6 million. Compute the following:<br>A) creditable withholding tax<br>B) commissionable amount if the commission rate is 6%<br>C) documentary stamp tax<br>D) transfer tax if property is not located in a city

Back 542

A) ₱3,600,000 / 1.12 × 5% = ₱160,714.28<br>B) ₱3,600,000 / 1.12 × 6% = ₱192,857.14<br>C) ₱3,600,000 / 1.12 = ₱3,214,285. 3,215 × ₱15 = ₱48,225<br>D) ₱3,600,000 / 1.12 × 0.5 % = ₱16,071.43

Front 543

During the entire year of 2013

Back 543

monthly rent income of a commercial building is ₱180,000 per month. How much is the output tax if the rent is exclusive of VAT? What if it is inclusive?,exclusive: ₱180,000 × 0.12 × 12 = ₱ 259,200<br>inclusive: ₱180,000 × (1-1/1.12) × 12 = ₱231,428.57

Front 544

A broker sold a subdivision lot priced at ₱5

Back 544

500,000 inclusive of E-VAT. How much is the 5% commission of the broker net of creditable withholding tax?,₱5,500,000 / 1.12 × 5% × (1-10%) = ₱220,982.14

Front 545

BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for individuals earning purely compensation income?

Back 545

BIR Form No. 1700

Front 546

BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for self-employed individuals

Back 546

estates and trusts?,BIR Form No. 1701

Front 547

BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for corporations

Back 547

partnerships and other non-individual taxpayers subject to regular income tax?,BIR Form No. 1702RT

Front 548

BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for corporations

Back 548

partnerships and other non-individual taxpayers exempted under the Tax Code, as amended?,BIR Form No. 1702EX

Front 549

BIR Revenue Regulations No. 2-2014 prescribes new Income Tax Forms. What is the ITR form for corporations

Back 549

partnerships and other non-individual taxpayers with mixed income?,BIR Form No. 1702MX

Front 550

A legal remedy under Philippine law which provides for the protection of one's right to a "balanced and healthful ecology in accord with the rhythm and harmony of nature" as provided in § 16

Back 550

Article II of the Philippine Constitution,Writ of Kalikasan

Front 551

It is compared with the writ of amparo but protects one’s right for a healthy environment rather than constitutional rights

Back 551

Writ of Kalikasan

Front 552

Using the 4-3-2-1 rule (depth rule)

Back 552

a 5 hectare belonging to different owners was sold for ₱ 10,000,000. What is the share of lot owners owning the second quarter abutting the road?,₱3,000,000

Front 553

Using the 4-3-2-1 rule (depth rule)

Back 553

a 5 hectare belonging to different owners was sold for ₱ 10,000,000. What is the share of lot owners owning the third quarter abutting the road?,₱2,000,000

Front 554

Using the 4-3-2-1 rule (depth rule)

Back 554

a 5 hectare belonging to different owners was sold for ₱ 10,000,000. What is the share of lot owners owning the last quarter abutting the road?,₱1,000,000

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Lays out basic requirements for lender underwriting. The originator of the loan must verify all sources of income and assets and verify that the borrower has the ability to repay the mortgage.

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Qualified Mortgage rule

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Based on § 15 of RA 8763

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socialized housing price ceilings are set by [...] and [...],HUDCC NEDA

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RA 9700

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Comprehensive Agrarian Reform Program Extension with Reforms