Compiled and updated by Miguelle L.

Dela Fuente with her brokers and appraisers’ friends

Practice Questions – RESA 9646 & IRR, CODE OF ETHICS

& RESPONSIBILITIES (46)
1. The current Chairperson of the Professional Regulatory Board of Real Estate
Service (PRBRES) is:
A. Hon. Pilar M. Torres-Banaag b. Hon. Ofelia C. Binag
c. Hon. Rafel M. Fajardo d. Hon. Jose Arnold M. Tan

2. From the effectivity date of the Real Estate Service Law, all existing and new
positions in the national and local government whether career, temporary,
contractual or permanent and primarily requiring the services of real estate
practitioners shall be filled only by registered and licensed real estate services
practitioners within a period of how many years?
a. 1 b 2
c. 3 d. 5

3. Article 4 Section 26 specified the Professional Indemnity Insurance/Cash or Surety

Bond in the amount of:
a. at least P20,000.00 b. P20,000.00 more or less
c. over P20,000.00 d. not less than P20,000.00

4. No person shall be allowed to practice real estate service unless he complied

satisfactorily with any and all of the following requirements except:
a. passed the licensure examinations given by the Board
b. holder of a valid brokers certificate and ID Card
c. holder of a valid special/temporary permit
d. Filipino-American citizen

5. A duly registered and licensed real estate service practitioner is mandated by the
R.A. 9646 to be an automatic member of the integrated national organization referred to
as the:
a. Accredited Integrated Professional Organization of Real Estate Service
b. Accredited Professional Organization
c. Accredited Integrated Professional Organization
d. Accredited Integrated Professional Organization of Real Estate Service
Practitioners

6. R.A. 9646 is referred to as the:

a. Real Estate Service Act of 2008
b. Real Estate Service Act of 2009
c. Real Estate Service Act of 2010
d. . Real Estate Service Act of 2011

7. Any violation of R.A. 9646, including that of the IRR shall be meted the
penalty of a fine of not less than:
a. P200,000.00 or imprisonment of 2 years or both
b. P100,000.00 or imprisonment of 2 years or both
c. P100,000.00 or 2 yrs imprisonment or both upon the discretion of
the court.
d. P200,000.00 or 2 yrs imprisonment or both upon the discretion of the court
 Compiled and updated by Miguelle L. Dela Fuente with her brokers and appraisers’ friends

8. No partnership or corporation shall engage in the business of real estate service

unless it is duly registered with the .
a. PRC ` b. SEC
c. PRB-RES d. Stock Exchange

9. In carrying out the provisions of the Real Estate Service Law as well as
implementing rules and regulations and the AIPO shall assist the:
a. PRC b. PRB-RES
c. CHED d. PhilRES

10. Every registered licensed real estate service practitioner shall establish and
maintain a principal place of business and is required to display the following except:
a. Original Certificate of Registration
b. PRC Certificate of Accreditation
c. Professional Identification Card
d. Professional Tax Receipt

11. The Board shall create a CPE Council consisting of the following excluding:
a. a chairperson coming from PRB-RES b. a member from the AIPO
c. a member from the academe d. a member from the PRC

12. The Chairman of the PRC shall include in the Commission’s Programs the
implementation
of the Act, the funding of which shall be included in the:
a. General Appropriations Act b. General Information Sheet
c. General Program of the Commission d. General Revenue Act

13. The Real Estate Service Act is a consolidation of Senate Bill No. 2963 and House
Bill No. 3514 and was finally passed by the Senate and the House of the representatives
on:
a. July 28, 2008 b. May 12, 2009
c. June 29, 2009 d. July 21, 2010

14. The Real Estate Service Act enacted into law on June 29, 2009. It became effective
15 days after its complete and full publication in the:
a. Official Gazette b. Bulletin Today
c. Philippine Daily Inquirer d. Philippine Star

15. In case the violation of R.A. 9646, including that of the IRR is committed by an
unlicensed real estate service practitioner, the penalty is:
a. P200,000.00 or imprisonment of 2 years or both upon the discretion of the
court
b. P100,000.00 or imprisonment of 2 years or both upon the discretion of the
court
c. P100,000.00 or 4 yrs imprisonment or imprisonment upon the discretion of the
court.
d. P200,000.00 or 4 yrs imprisonment or both upon the discretion of
the court.
 Compiled and updated by Miguelle L. Dela Fuente with her brokers and appraisers’ friends

16. The Board shall adopt and promulgate the Code of Ethics and Responsibilities for
real estate service practitioners which shall be prescribed and issued by the:
a. PRC b. PRB-RES
c. CHED d. AIPO

17. The PRB-RES shall register and issue a certificate of registration to any
successful examinee who;
a. has been convicted by court of any criminal offense involving moral
turpitude
b. was found guilty of immoral/dishonorable conduct after investigation by the
Board
c. is of good moral character
d. was founded to be psychologically unfit

18. Upon the order of the President of the Republic of the Philippines, the Chairperson
and the members of the Board may be suspended or removed from office after due
notice and hearing:
a. in a proper professional investigation.
b. in a proper judicial investigation,
c. in a proper administrative investigation
d. in a proper demonstrative investigation,

19. The Chairperson and the members of the Board may be suspended or removed
from office after due notice and hearing in a proper investigation based on the
following grounds, except:
a. Neglect of duty and abuse of power
b. Oppression and incompetence
c. conduct of the Board Examinations
d. immoral, dishonorable/unethical conduct

20. Which of the following subjects is not included in the Scope of Examination for
Real Estate Brokers Licensure Examination?
a. Real Estate Laws & Taxation
b. Documentation & Registration
c. Basic Principles of Ecology
d. Theories & Principles in Appraisal

21. Under Article V Section 42, Implementing Rules and Regulations – After the
effectivity of the Act, the Board together with the AIPO, the Dept of Finance and the
CHED, shall within a period of 6 months, prepare the IRR including the:
a. Implementing Guidelines
b. Code of Ethics and Responsibilities
c. CPE Council
d. Table of Specifications of Examinations

22. Which of the following subjects is not included in the Scope of Examination for
Real Estate Appraisers?
a. Basic Principles of Appraisal
b. Real Estate Finance and Economics
c. Methodology of Appraisal Approaches
d. Geographic Information Systems
 Compiled and updated by Miguelle L. Dela Fuente with her brokers and appraisers’ friends

23. Under the RESA Law, In order that an appraiser candidate may be deemed to have
successfully passed the examination, he/she must have obtained an average of at least:
a. 75% in all subjects
b. 70% in all subjects
c. 75% in all subjects with no rating of less than 50% in any subject
d. 70% in all subjects with no rating of less than 50% in any subject

24. One of the following subjects is not included in the Scope of Examination for
Real Estate
Consultants?
a. Fundamentals of Consulting
b. Real Estate Finance and Economics
c. Land Management Systems and Real Property Laws
d. Real Estate Appraisal and Investment Analyses

25. The IRR was signed and approved by the PRB-RES on July 21, 2010 and was
published on July 24, 2010 thus it became effective on:
a. August 6, 2010 b. August 7, 2010
c. August 8, 2010 d. August 9, 2010

26. Under Rule 2 Section 11, Annual Report – At the close of each calendar year an
Annual Report stating the detailed account of its proceeding and accomplishments
and the recommendations to be adopted to upgrade the conditions affecting real
estate service practice shall be submitted by the Board to the:
a. Office of the President of the Republic of the Philippines
b. Office of the Commissioner of the Professional Regulation
Commission
c. Office of the Department of Finance
d. Office of the Department of Budget and Management

27. In carrying out the provisions of the Real Estate Service Law as well as
implementing rules and regulations and the AIPO shall assist the:
a. PRC b. PRB-RES
c. CHED d. PhilRES
28. The Realty Service Practice is a noble profession, calling or occupation and those
engaged therein shall abide by and comply with all the:
a. laws b. decrees
c. orders d. rules and regulations

29. All real estate practitioners shall maintain adequate knowledge, competence and
expertise In real estate development and management and the upgrading of the standards
of practice shall be effected when the need arises; all these for, and in the interest of the:
a. social and economic progress of the country.
b. moral upliftment of the profession
c. upgrading of the real estate industry
d. continuing profession education
 Compiled and updated by Miguelle L. Dela Fuente with her brokers and appraisers’ friends

30. Sec. 6 of Art 1 – Declaration of Principles of the Code of Ethics for Realty
Service Practitioners State the Golden Rules as:
a. “Treat others as you want them to be treated”
b. “ Do not do unto others what you want others do unto you”
c. “ Do unto others what you want others do unto you”
d. “ Treat others as you like them to treat you”

31. In its relation to the Government, the practitioner should do all or any of the
following excluding:
a. secure all necessary permits and licenses before engaging in the practice
b. pay all fees, taxes, dues, levies or charges imposed by the government c.
encourages, tolerates/participates in the evasion or reduction in the
payment of taxes
d. should indicate the license number in the billboard, dry seal and all
advertisements in relation to the practice.

32. One of the following is not a violation of the National Code of Ethics.
a. offer or agree to pay to, split or rebate any commission, fee or valuable
consideration
b. encourage, abet, tolerate or participate in the evasion or illegal reduction in the
payment of all taxes, fees, dues, levies or charges that may be imposed by the
government
c. pay only any and all taxes, fees, dues, levies or charges that the government
discovered and those that may be imposed in accordance to law, ordinance, or rules
and regulations
d. should indicate the license number of the certificate issued by the
PRC PRB-RES in his letterhead, dry seal, signboard, billboard,
advertisement or other announcement in relation to the Realty
Service Practice

33. Listed below excluding one are the good relations of the practitioner to his clients
and customer, which the practitioners should always observe:
a. should undertake to make an appraisal or render an opinion that is within the
field of his experience and competence
b. pledge him with utmost fidelity and good faith to protect and
promote the interest of his client sacrificing the legitimate interest of
the other party in the transaction
c. accept any commission, fee or any valuable consideration from any party in
any transaction except from his client unless with the full knowledge and consent
of all the parties in the transaction
d. act as witness in a court proceeding and give his testimonies in the most
unbiased, honest, truthful and professional manner

34. When a practitioner accepts a listing from another broker, the agency of the broker
who offers the listing should:
a. not be respected until it has expired
b. not be passed to a third broker
c. be published in a daily newspaper
d. not have the knowledge and consent of the listing broker
 Compiled and updated by Miguelle L. Dela Fuente with her brokers and appraisers’ friends

35. Under the Code of Ethics, which of the following is considered unethical:
a. negotiate a property listed directly with the owner if the broker goes out of
town after proper communication
b. cooperate with other brokers on a property listed provided they are
members of national real estate organization
c. willingly share sales experiences with other brokers
d. to inform and criticize among fellow brokers not handling the
property.

36. Identify which of the following is not ethical with respect to a realty practitioner’s
Relations to his Organization Including the National Association to which his
Organization is affiliated:
a. the obligation to serve honestly, selfishly, diligently and properly.
b. should support his organization morally and financially and to actively support
its plans, programs and projects for the benefit of all the members of the
organization or association
c. should exhaust all administrative remedies available under the existing laws,
rules and regulations before taking any judicial or quasi-judicial action.
d. should support other organization morally and financially and to
actively support its plans, programs and projects for own personal
growth.

37. The National Code of Ethics governs the rules of conduct of all realty
practitioners duly licensed by the:
a. PRC b. PRB-RES
c. PhilRES d. CHED

38. The scopes of brokerage are as follows, but not:

a. authority to look for a property b. engagement to look for a buyer
c. procurement of loans secured by real estate
d. procurement of tenants for sale purpose

39. A Real Estate Broker licensed for over ten(10) years is qualified to be
appointed as member of the:
a. Broker’s Licensure Examination Committee
b. Board of Real Estate
c. CPE Council
d. PRC

40. To assure faithful and honest discharge of duties of a real estate broker
renewal of his license, he is required to secure which of the following:
a. Bond/Insurance, NBI Clearance, 60 hours CPE
b. Bond/Insurance, NBI Clearance, 120 hours CPE
c. Bond/Insurance, NBI Clearance, 180 hours CPE
d. Bond/Insurance, NBI Clearance, 240 hours CPE
 Compiled and updated by Miguelle L. Dela Fuente with her brokers and appraisers’ friends

41. R.A. 9225 (Citizenship Retention and Reacquisition Act) dated August 29, 2003,
provides that natural born citizens of the Phil’s. who have lost their
citizenship by reason of their naturalization as citizens of a foreign
country are deemed to have reacquired Philippine citizenship (who shall
thereafter enjoy full civil and political rights) after compliance with what
process?
a. Submission of an affidavit of good faith
b. Taking an oath of allegiance
c. Submitting DOJ with sworn statement of five (5) credible, Filipino
guarantors
d. Deposit of P1 million with the bid

42. Any of these acts shall be the grounds for revocation of license, except:
a. Misappropriation b. Misrepresentation
c. Paying and receiving rebate d. Non-payment of PTR

43. A broker has just received from a fellow broker’s client/buyer, written offer to
purchase a property of his client/seller, together with a check for earnest money
payment. Which of the following steps is the most proper and ethical for him
to take?
a. call another fellow broker whose client is also interested in the property in the
hope that they can top the offer.
b. Call the seller immediately to inform him about the offer and submit
it at the soonest possible time, both the written offer and the earnest
money.
c. Show the offer to another p [prospective buyer in the hope of getting better
price for the property.
d. Reject the first offer outright based on his opinion that the offered price is too
low and tell his fellow broker who submitted the offer to convince the buyer to
make
a higher offer

44. To constitute negligence or failure to disclose or ascertain to any person with

whom a broker is dealing relative to the property and within his knowledge at the
time of the transaction, what matters must the broker fail to disclose?
a. previous owner of the property or history of title
b. fair market value of the property.
C. Location, topography, and shape of the property.
d. Material fact, data or information.

45. The real estate broker must not encourage the following act when with a sale
transaction to help the client reduce cost.
a. Employ cost effective measures in the deed of sale
b. pay to the BIR where the property is located.
c. Pay the other taxes at the same time.
d. pay the property taxes on time
 Compiled and updated by Miguelle L. Dela Fuente with her brokers and appraisers’ friends

46. After the buyer's offer was accepted by the seller, the broker cashed the buyer's
deposit check and put the money in his office safe pending the close of escrow. The seller
demanded the deposit money but the broker refused to give it to him. Assuming only the
above facts:

a. The broker needs to look out for the best interest of the seller at all times, even if that
means performing acts against the sellers will.
b. This conduct would probably subject the broker by disciplinary action by
the PRC.
c. The broker had legal justification to hold only one-half of the deposit; he must give the
their half to the seller
d. The broker had legal justification to refuse to give the deposit money to the seller