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15 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Unpaid real property tax is subject to 2% per month interest, up to a maximum period of
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A. Until Paid
B. 90 DAYS C. 24 MONTHS D. 12 MONTHS E. 36 MONTHS |
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Referred to as the "Citizenship Retention and Re-axquisition Act of 2003" allowing dual citizens.
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A. RA 6552
B. RA 9255 C. RA 9252 D. RA 6225 E. RA 9225 |
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The broker should see to it that agreements, terms and conditions, financial obligations and commitment estate transactions are in writing, duly signed by all parties concerned and properly authenticated by a
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A. BUYER
B. CONSULTANT C. NOTARY PUBLIC D. SELLER E. BROKER |
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For an economic and socialized housing project, how many meters are the minimum right of way for a major road?
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A. 12 meters
B. 10 meters C. 7 meters D. 8 meters E. 6 meters |
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Enumerated below are the advantages of Condominium Concept, which does not belong?
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A. Wider market for it can be sold to a foreigner subject to limitation
B. Economy in land space C. Enhances affordability D. With TCT as proof of ownership E. Easy to maintain |
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If a person is married, she should state her marital status as married and also indicate the name of her husband in a sale of real property. The law that provides this requirement is referred to as?
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a. RA 9225
b. PD 1529 C. BP 185 D. PD 957 E. RA 6552 |
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Krees and James got married last December 1988 with a pre-nuptial agreement of conjugal partnership of gains but after several years they have obtained a judicial separation of property from the regional trial court. What is the property relation governing between Krees and James now?
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A.Complete separation of property
B. Absolute community of property C. Conjugal partnership of gains D. Conditional Separation of property E. Relative Community of Property |
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In the real estate business, another term for the owner is?
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a. Prospect
b. Customer c. Alter ego d. Attorney-in-fact e. Principal |
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The purpose of appraisal is usually to estimate which type of value?
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a. Stock value
b. Investment value c. Market value d. Replacement value e. Value in use |
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The BIR examiner, in case of the sale of a person of a house and lot considered as ordinary asset, must first determing the following before the examiner will be able to know the rate of tax to be imposed:
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a. Whether the property is conjugal or community property
b. The selling price, zonal value or assessors value whichever is higher c. Whether the person is habitually engaged in real estate business or not d. Whether the house and lot is new or old e. Whether the property being sold is above P 2,000,000.00 |
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Complex subdivision is defined:
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a. Subdivision scheme where the resulting blocks are more or less rectangular in shape
b. Subdivision scheme for a rolling terrain c. Subdivision with no streets or open is delineated d. Subdivision scheme for flat terrain e. Subdivision with streets and/or open spaces |
e
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In his advertisements, brochures or announcements, the real estate broker should present a true picture of the following, EXCEPT:
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a. Name and firm
b. Liens or encumbrances on the property c. Field of specialization as a real estate broker d. Rights or interests therein e. The property and its improvements |
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In case of the sale of the parcel of land without any improvements, the seller must pay the capital gains tax on or before?
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a. 30 days after the close of the month of the sale
b. The 5th day of the month after the month of the sale c. The 10th day of the month after the month of the sale d. 30 days after the execution of the deed of sale e. 30 days after the notarization fo the deed of sale |
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License numbers shall be issued to the licensed real estate broker and shall be assigned to each broker, whether natural or juridical and is?
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a. Replaced every 3 years
b. Changed upon request of the broker c. Permanent license number d. Issued a new one after one year e. Changed every renewal of license |
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Traditional ownership is evidenced by?
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a. Condominium Corporation
b. CCT c. Tax Declaration d. TCT e. Master Deed |
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