Real Estate Brokers Mock Board Examination

PART-II: Specialand Technical Knowledge (1 hr and 20minutes)

1. If the document to be notarized is a Corporate Secretarys
Certificate, what notarial act should be performed

a. Acknowledgment
b. Certification
c. Verification
d. Jurat

2. Mr.BAGSAK JUD KO bought a 200 sq.m. Subdivision lot at P3,000/sq.m.
He paid 25% down payment and thereafter proceeded to pay in 120 equal
amortizations at19% interest per annum. He has paid 84 monthly
amortizations totalling P737, 621.84 inclusive of penalty interest of
P32, 000. What is Mr.Lumawags cash surrender value under the Maceda
Law.

a. P513,373 c. 443,811
b. P423,373 d. 442,573

3. When the owners duplicate certificate of title is lost, the
registered owner shall file a petition in court for:

a. judicial reconstitution
b. administrative reconstitution
c. quieting of title
d.issuance of new duplicate certificate of title

4. The decision of the HLURB on cases under its jurisdiction is
appealable to

a. Regional Trial Court c. HUDCC
b.Department of Justice d. Office of the President

5. An act to provide protection to buyers of condominium project
a. RA 7279 c. BP 220
b. PD 957 d. RA 4726

6. Aliens can purchase condominium units not exceeding ____________ of
the total condominium units for sale.

a. 50% c. 40%
b. 60% d. 100%

7. What is the term of existence of a Condominium Corporation?

a. 25 years c. 50 years
b. 30 years d. Co-terminus with the condominium project


8. The Condominium Corporation which is the condominium counterpart of
the Homeowners Association (HOA) in a housing subdivision project
must file its Articles of Incorporation at:

a. Securities and Exchange Commission
b. Housing and land Use Regulatory Commission
c. Housing and Land Use Regulatory Board
d. Housing and Urban Development Coordinating Council

9. Under BP 220, the minimum floor area of a single-detached house in
socialized housing project is:

a. 18 sqm c. 30 sqm
b. 22 sqm d. 42 sqm

10. Under BP 220, firewalls must be of masonry construction and should
be at least _____ in thickness:

a. 100mm c. 180mm
b. 150mm d. 200mm

11. The law that governs the economic and socialized housing projects:

a. BP # 220 c. PD # 957
b. RA # 7279 d. RA # 9646

12. Urban Development and Housing Act (UDHA) of 1992.

a. R.A. 7279 c. R.A. 9279
b. R.A. 7927 D. R.A. 7972

13. As provided by RA # 7279 a developer of a subdivision project is
required to develop at least 20% of the project for:

a. Parks & open space c. socialized housing
b. Low cost housing d. economic housing

14. A stipulation authorizing mortgagee (creditor, lender) to
appropriate the property as his own if the mortgagor fails to pay the
principal obligation at the stipulated time is called:

a. PactoCommissorium c. PactumCommissorium
b. Pacto de Non-Alienado d. TacitaReconducta

15. The owner of a house and lot agreed to lease his house to the
lessee who paid the deposit andthe initial months rent; however, the
agreement was not written in the contract of lease. Thelease is

a. Inexistent c. Valid
b. Unenforceable d. Void


16. Which of the following is not a form of an ownership limitation?

a. Lease c. Mortgage
b. Tenancy d. Easement

17. Ms. Clara is married to Mr. Claro. She stated her marital status
and the name of her husband in the Deed of Absolute Sale, such
information is a requirement under:

a. RA 9225 c. BP 185
b. PD 1529 d. RA 6552

18. Failure to perform a contract

a. Rescission c. Novation
b. Release d. Breach

19. Annotation of Section 4, Rule 74 of the Rules of Court on the title
to the property of a deceased person, a surviving spouse and children,
provides that the property shall be subject to the rights of three of
the following four. Who among the four does not have the right to the
subject property?

a. Heirs
b. Any persons who might have been unduly deprived of his
participation in the estate of the deceased
c. The parents of the deceased
d. Creditors

20. A house and lot with swimming pool which is considered as a
dwelling place was rented by an expatriated in Makati City for the
monthly rental of P150,000 per month. Up to how many months advance
may the owner imposed on the tenant?

a. Two months c. Depending on agreement of the parties
b. Three months d. One month

21. Under the Foreign Investments Act of 1991, a former natural born
Filipino who has become an Australian citizen may not acquire land for
the following purpose.

a. Lease out the land c.Buy and Sell business
b. Agriculture purposes d. Put up a plant

22. What is the minimum lot frontage if single detached corner lot
under BP220?
a.8 b. 12 c. 10 d. 12.5
23. The limitation on the bundle of rights or an owner wherein only
the right to use and possess the property is given away voluntarily is
by virtue of


a. Contract of Lease
b. Deed of Mortgage
c. Right of way
d. Deed of Sale
24. _____________ is a condensed history of the title showing the
various links in the chain of title including liens, encumbrances, and
other conditions affecting the title.
a. Abstract of the title
b. Annotations of the back of the title
c. Consolidation of the title
d. Opinion of the title

25. A contract where the right to receive the fruits of the property
with obligation to apply them to payment of interest and principal.

a. Mortgage
b. Anthecresis
c. Dacion En Pago
d. Usufruct

26. When personal property is recorded in the Registry of Property as
a security for the performance of an obligation, it is called.

a. Real estate mortgage
b. Chattel mortgage
c. Pledge
d. Registration
27. A contract of lease between the lesson and lessee must be duly
notarized for the purpose of.
a. Registration
b. Validity
c. Binding effect on both parties
d. Requirement by law
28. A contract granting a person the privilege to buy or not to buy
certainreal property at any time within the agreed period at a fixed
price.
a.Option
b. Contract to sell
c. Reservation agreement
d. Letter of Intent

29. The law that providesthe redemption period of foreclosed property
of a corporation from a bank for a maximum period of 3 months.

a. Mortgage law
b. General Banking Act
c. BSP Circular
d. Extrajudicial foreclosure Law
30. The rent control law, RA 9653, covers residential apartments and
if located in municipalities, it is covered if the rental at the time
of the effectivity of the law is form.
a. P 1.00 to P 10,000 per month
b. P 1.00 to P12,800 per month
c. P 1.00 to P 5,000 per month
d. P1.00 to P6,000 per month
31. In case the area on a purchase of a lot turns out different form
that stated in the contract, the buyer may rescind the sale provided
the lack in area is at least.
a. 10% b. 20% c. 25% d. 50%
32. A sale of real property which is valid but which may be annulled
on grounds such as vitiation of consent is classified as.
a.Valid b.Voidable c. Unenforceable d. Simulated
33. A 5 year lease over a house and lot was entered into by the
parties and to be valid the same must be.

a.Duly notarized
b.Paid the documentary stamp tax
c. registered with Registry of Deeds
d. With a meeting of minds

34. The Maceda Law is applicable in the following case involving a
residential property.
a. Sale Through pag-ibig loan
b. Sale through bank financing
c.Sale through financing ofpayment from the seller
d. Sale through borrowed money lending company

35. A owner who desires to sell his house and lot and will execute a
Special power of attorney is referred to as the.

a. Seller b. Principal c.Agent d. Vendor

36. The land Registration Authority is directly under theSupervision
of this government agency.


a. Department of Justice
b. Department of Environment and natural Resources
c. office of the president
d. Department of land Registration

37.PD 1529 covers matters governing registration and dealings with
Registered land is referred to as.

a.Decree of land Registration
b.Property Registration Decree
c.Property and Land Registration Decree
d.Registration of Land Decree

38.It shall be the operative act to convey or affect the land in a
Sale insofar as third person are concerned.

a. Act of registration c.Payment of registration fees
b. Notice of registration d.Notarization of deed of sale

39. No voluntary instrument, such as deed of absolute sale, shall be
Registered by the Register of deeds, unless the following is
presented with the deed of sale.

a. Owners duplicate certificate of title
b. Original certificate of title
c. Certified true copy of the certificate of title
d. Owners copy of the deed of sale

40. A land issued a title is evidence of ownership of the land and
Is considered as indefeasible and.

a. Conclusive c.Invincible
b. Imprescriptible d.Unquestionable


41. How many hectares required before a subdivision can be said the
specific land area is phase?

a. 10,000sqms c. 100,000sqms
b. 50,000 sqms d. 1,000sqms

42. The entire parcel of the real property divided or to be divided,
including all structure thereon;

a. condominium unit
b. condominium project
c. common areas
d. condominium

43. The right to own land or real estate in the Philippines is
governed by special laws and


a. Executive Orders of the President
b. Ordinances
c. Congress and Senate of the Philippines
d. Philippine Constitution

44.Part of a condominium project intended for any type of independent
use or ownership.

a. Condominium
b. Condominium unit
c. Condominium project
d. Common area
45. In a contract of lease of a house with a monthly rental of P20,000
per month, the following shall be grounds for judicial ejectment,
except:

a. misuse of leased property which has resulted in its deterioration
b. payment of rental in check
c. lack of payment of the rent stipulated
d. Expiration of stipulated period of lease

46. If there is no prohibition, the lessee of a house and lot may do
the following without the consent of the owner:

a. build additional floors on the house
b. assign contract of lease
c. mortgage the house and lot
d. Sublease the property

47. This law provides for the right to refund when developer fails to
complete the development project within the required period and
entitled the buyer a refund of 100% of the total payments less penalty
interest plus legal interest of money.

a. RA 6552 c. BP 558
b. RA 3844 d. PD 957

48. What legal doctrine of property ownership presupposes concomitant
obligations to the state and the community are that property is
supposed to be held by the individual only as trust for people in
general.

a. Property obligations concept
b. Steward concept
c. Acquisition concept
d. Property acquisition Doctrine

49. Refers to weight bearing walls, columns and beams, stairways,
hall, elevators, etc.
a. condominium project
b. condominium
c. condominium unit

d. common areas

50. What is the contract document executed by both the seller and
buyer where seller promises and binds himself to sell to the buyer a
certain property upon the occurrence of several conditions to be
fulfilled by the buyer, or both the seller and buyer, non fulfilment
of which release both from their respective obligations under the
terms of the contract.

a. Contract of Sale
b.Deed of Absolute Sale
c. Contract to Sell
d. Sales Document

51. Housing Loan Condonation Act is what RA#?

a.8501
b.9000
c.8555
d.8506

52. The book that contains among others the entry number, name of the
parties, nature of document and time and date, it was presented and
received is called as the:
a. registration book
b. primary entry book
c. entry logbook
d. registration logbook

53. The required number of votes of registered owners to authorize a
condominium corporation to dispose of common areas in a condominium
projects is:

a. 2/3 c. simple majority
b. d. unanimous

54. Traditional ownership is evidenced by:

a. master deed and deed of declaration
b. CCT
c. TCT
d. Tax declaration

55. Complex Subdivision is defined:

a. subdivision schemes for flat terrain.
b. Subdivision with no streets or open is delineated.
c. subdivision with streets and open spaces.
d. Subdivision scheme where the resulting blocks are more or less
rectangular in shape.


56. A developer has 12 hectares to develop, the land allocation for
non-saleable portion is:

a. 100,000 sqms
b. 40,000 sqms
c. 36,000 sqms
d. 50,000 sqms

57. It refers to an area reserved exclusively for parks and
playgrounds, roads, etc.

a. open space
b. community facilities
c. frontage
d. water system

58. If the gross area to develop is 10 hectares and has 20 dwelling
units per hectare, the percentage of gross area allocated for parks
and playgrounds is?

a. 4400sqms c. 3500sqms
b. 5000sqms d. 4000sqms

59. The assessment levels to be applied to the fair market value of
real property to determine its assessed value shall be:

a. exact c. fixed
b. current d. it depends

60. Individual septic tank shall conform to the standards and design
of sanitation code of the Philippines also known as:

a. PD856 c. RA 9000
b. PD 1216 d. EO 55

61. A dwelling unit with one side attached to a firewall.

a. Single Detached
b. Single Attached
c. Duplex
d. Row House

62. The side of lot which abuts a street.

a. Set back c. frontage
b. Rear yard d. regular lot

63. Who issue a License to sell and Development Permit?

a. HLURB
b. HUDCC
c. NHA

d. SEC

64. A lot situated at the intersection of two or more streets.

a. Through lot
b. Irregular lot
c. Corner lot
d. Regular lot

65. What is the arbitrary agency regarding with the complaints or
proceedings against owners, developers, dealers, brokers ad salesmen.

a. HUDCC
b. Regular Court
c. HLURB
d. NHA

66. In PD 957 and BP 220 IRRs, they shall act as one of the witnesses
to the sales document which negotiated the sale of a subdivision lot
or condominium unit indication their certificate of registration
number and renewal date.

a. Broker b. principal borrower c. developers employee d. co-borrower

67.The property in alienation or sale the creditor to satisfy, a debt
in money or in payment of the loan is called:

a. Pacto de Retro Sale
b. Deed of Sale With Mortgage
c. Dacion En Pago
d. Sale With Assumption of Mortgage

68. It is a mortgage which covers two or more properties.
a. Blanket Mortgage
b. Open Ended Mortgage
c. Anthecresis
d. Real Estate Mortgages

69. Refers to the automatic appropriation of the property or object of
the mortgage upon the maturity of the loan.

a. PactumCommisorium
b. Pactum Non-Alienado
c. Anthecresis
d. Blanket Mortgage






70. It is a stipulation in the mortgage which prohibits the mortgagor
from alienating the mortgaged property subject to the mortgage within
the mortgage period.

a. PactumCommisiorium
b. Pactum Non-Alienado
c. Anthecresis
d. Blanket Mortgage

71. It is a contract by virtue of which the creditor acquires the
right to receive the fruitsof an immovable of his debtor, with the
obligation to apply them to the payment of the interest, if owing and
thereafter to the principal of his credit.
a. PaclumCommisorium
b. Paclum Non-Alienado
c. Anthicresis
d. Blanket Mortgage

72. It is one by which the mortgage property shall be sold at public
auction and the proceeds of the sale shall be applied for the
satisfaction of the obligation on the debt.

a. Automatic Redemption Clause
b. Hold-over Clause
c. Escalation Clause
d. Foreclosure Proceeding

73.A provision in the blanket mortgage that the property whose loan
value has been fully paid shall be released from the mortgage.
a. Automatic Redemption Clause
b. Hold-over Clause
c. Escalation Clause
d. Foreclosure Proceeding

74. It refers to the right of the owner-lessor to receive the contract
rent and the reversion if the property at the expiration of the lease
contract.

a. Lease Fee Estate
b. Leave
c. Lease Contract
d. Economic Rent

75. The revenue derived from the use of the land and of the forces
inherent in the land called as:
a. Lease Fee Estate
b. Lease Money
c. Lease Contract
d. Economic Rent



76. A contract between an owner and a tenant selling forth the
conditions of the use referred to as:

a. estate
b. Lease
c. Lease Contract
d. Economic Rent

77. A contract between the Buyer and the Broker which stipulates that
if the Broker succeeds in procuring the property and negotiates the
purchases, a fee will be paid by the Buyer.

a. Purchase Agency
b. Lease With Option To Buy
c. Real estate Mortgage
d. Contract of Lease
78. It is one whereby the owner leases his property to the lessee-
buyer with the privilege to exercise the right to buy thereof at a
specific date at an agreed price and the agreed rental may be
considered as part at the purchase price when the lessee-buyer
exercise the option.

a. Purchase Agency
b. Lease With Option To Buy
c. Real estate Mortgage
d. Contract of Lease

79. It is define as an accessory contract whereby the debtor
guarantees the performance of the principal obligation by subjecting
the real property or rights thereto as security in case non-payment of
the obligation within the agreed period.

a. Purchase Agency
b. Lease With Option To Buy
c. Real estate Mortgage
d. Contract of Lease

80. A sale where portion of the purchase price is paid in cash, and
the balance is converted into a loan in favour of the seller in which
the object of the sale or the property is mortgage to secure payment
of the loan to the seller.
a. Patio de Retro Sale
b. Deed of Sale With Mortgage
c. Dacion En Pago
d. Sale With Assumption of Mortgage

81. Refers to the sale where portion of the purchase price is paid in
cash and the balance is paid by the buyer through an assumption of an
existing mortgage of the subject property.
a. Pacto de Retro Sale
b. Deed of Sale With Mortgage
c. Dacion En Pago

d. Sale With Assumption of Mortgage

82. It is a type of mortgage which permits barrowing additional funds
at a later date against the same collateral.

a. Blanket Mortgage
b. Open Ended Mortgage
c. Anthecresis
d. Real Estate Mortgages

83. Refers to the sale where the seller has the right to repurchase
the property being sold.

a. Pacto de Retro Sale
b. Deed of Sale With Mortgage
c. Dacion En Pago
d. Sale With Assumption of Mortgage

84. It is an agreement where the consideration of the contract is
deposited with a third party who is authorized to release said
consideration or payment to the seller after he/she has complied or
completed with certain conditions.

a. Escrow
b. Escheat
c. Down payment
d. Contract To Sell

85. A kind of sale whereby payment of the contract is made at some
future date and that the ownership of the property shall be retained
by the owner until full payment is made.

a. Deed of Absolute Sale
b. Contract of sale
c. Down payment
d. Contract To Sell

86. Refers to a notice that the property has a pending litigation.

a. LisPendens
b. Adverse Claim
c. Court Case
d. Petition To Quiet Title

87. Is a court action to remove cloud on the title.

a. LisPendens
b. Adverse Claim
c. Court Case
d. Petition To Quiet Title


88. An adverse claim lapses after how many days from annotation in the
certificate of land title.

a. 100 days
b. 30 days
c. 60 days
d. 120 days

89. It is a list of all realty property located within the territorial
of the local government unit concerned, prepared and maintained by the
Provincial/City/MinicipalAssesor.

a. Registry of Deeds
b. Registry of the Property
c. Provincial Registry
d. Municipal Registry

90. 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 owner.

a. Writ of Preliminary Attachment
b. Deficiency Judgement
c. Adverse Claim
d. Notice of LisPendens

91. A judgement for the mortgage to pay the balance of an obligation
if the proceeds of the foreclosure sale are not sufficient to cover
the mortgage obligation.

a. Writ of Preliminary Attachment
b. Deficiency Judgement
c. Adverse Claim
d. Notice of LisPendens

92. The regulation of standards in BP 220:
a. Economic and Socialized Housing
b. Economic Housing Only
c. Open and Medium Cost Housing
d. All type of housing classification

93. In mixed used condominium project, the master deed may be amended
by a simple majority vote of unit owners. Majority is based on:
a. number of condominium units
b. total area of ownership
c. floor area of ownership
d. only one unitto be considered in voting




94. A law that is no longer effective after August 16, 1976 by virtue
of P.D. 982 that disallowed the use of Spanish titles for titling and
registration:

a. Spanish Registration Law
b. Spanish Mortgage Law
c. Spanish Registration Act
d. Spanish Mortgage Act


95. It is the first Registration of land whereby an Original
Certificate of Titles is entered in the Registry of Property.

a. Original Registration
b. Original Certificate of Title
c. Subsequent Registration
d. Transfer Certificate of Title


96. A kind of land registration whereby the act is instituted by the
applicant under the provision of Act 496 or P.D. 1529.

a. Voluntary
b. Compulsory
c. Judicial
d. Administrative

97. A kind of registration whereby the acts is done through the
courts:

a. Voluntary
b. Compulsory
c. Judicial
d. Administrative

98. The designation of the Register of Deeds has been changed to:

a. Registrar of Land Titles and Deeds
b. Register of Land Titles and Deeds
c. Registrar of Deeds
d. Registrar of land Titles


99. It is one whereby the estate has a limited duration on the life of
the property owner or the lives of the designated persons.

a. Life Estate
b. Homestead Estate
c. Life Insurance
d. none of the above


100. For Residentialand Commercial Condominium Projects, the minimum
building parking slot requirement shall be:
a. one for every 4 studio units
b. based on the National Building Code of the Philippines
c. 1 storey of the building is equal to 6 parking slots
d. 1 parking slot per 1 condominium unit


---END---
WARNING: FAILURE TO SUBMIT YOUR TEST QUESTIONS COMPLETE SET WILL CAUSE
THE CANCELLATION OF YOUR TEST RESULTS FOR THE SUBJECT.


Prepared by:

ROLANDO A. DARAQUIT, JR., REA, REB, MBA
Real Estate Broker PRC License # 0014558
Real Estate Appraiser PRC License # 0004579
Member, Davao Board Education Committee
Member-PAREB-Davao Board of Realtors Foundation, Inc.
c/oPag-IBIG Fund Davao Branch
email add: propertydavao@rocketmail.com
mobile number:09215747966/09076227087/09322722182