SET SEVEN

_____ 1. The bachelor’s degree adopted in coordination with the CHED for real estate service and
required under the RESA, is called
a.Bachelor of Science in Real Estate b.Bachelor of Science in Real Estate Management
c.Bachelor in Real Estate Service d. Bachelor of Science in Real Estate Service Practice
_____2. A city official whose purpose is primarily for taxation purposes as provided under RESA is the
a.Real estate appraiser b.Real estate treasurer c.Real estate assessor d.Real estate valuer
_____ 3. Land and all those items which are attached to the land.
a.Real Estate b Real Property c. Real Estate Developer d. Real Estate Project
_____4. Development of land for residential, commercial, industrial, agricultural, institutional,
recreational purposes.
a.Real Estate Project b. Real Estate Developer c. Real Estate d. Real Estate Dev’t. Project.
_____ 5. In case Estatbillo Development Corporation will engage in the development of land for a
condominium, the corporation shall be referred to under the RESA and defined as
a.Real Estate Business Corp. b.Real Estate Dealer c.Real Estate Dev’t Co. d.Real Estate Developer
_____6. All rights, interests, benefits related to ownership of real estate.
a.Real Estate b. Real Estate Project c. Real Property d. Real Estate Development
_____7. A real appraiser who was licensed then under the DTI may still be allowed to register without
examination under the principle of
a.Licensing b.Carryover clause c.Practice exemption d.Grandfather clause
_____ 8. Registered, licensed natural persons who, for a fee, compensation or other valuable
consideration.
a. Real Estate Trader b. Real Estate Developer c. Real Estate Practitioner d. Realtor
_____ 9. The PRBRES shall prescribe the essential requirements as to the curricula and facilities of
schools, colleges or universities in cooperation with the
a.Commission on Higher Education b.Department of Education
c.Private Association of Schools in the Philippines d.Phil Universities Associations
_____10. Accredited person who performs service for a fee, in behalf of a real estate broker for or in
expectation of a share in the commission, or other valuable consideration.
a.Real Estate Broker b. Real Estate Assessor c. Real Estate Appraiser d. Real Estate Salesperson
_____11. Performs or renders services in estimating real estate values, such services of which shall be
rendered by the preparation of the report in acceptable written form.
a.Real Estate Broker b. Real Estate Assessor c. Real Estate Appraiser d. Real Estate Salesperson
_____12.An applicant who wants to be registered and licensed as a real estate service practitioner shall
undergo an examination to be given by the Board excluding the following
a.Real estate broker b. Real estate salesperson c.Real estate assessor d. Real estate concultant
_____ 13. Works . . . to perform appraisal and assessment of real properties, including plants,
equipment, and machinery, essentially for taxation purposes.
a.Real Estate Broker b. Real Estate Assessor c. Real Estate Appraiser d. Real Estate Salesperson
_____14. As provided under PD 957, a real estate salesperson who sells condominium units for a project
must file a bond in the amount of
a.P1,000 b.P5,000 c.P10,000 d.P20,000
_____ 15. Renders professional advice and judgement on (i.) acquisition, enhancement, preservation,
utilization or disposition of lands . . . (ii) the conception, planning, management and dev’t of
real estate projects.
a. Real Estate Broker b. Real Estate Assessor c. Real Estate Appraiser d. Real Estate Consultant
_____16. It is considered not a ground for the removal of the chairperson of the Professional Regulatory
Board for Real Estate Service
a.Unprofessional conduct b.Immoral conduct
c.Conviction of the crime of minor physical injuries d.Neglect of duty
_____17. Composition of PRBRES5
a.Chairperson plus 4 members b. 5 members c. Chairs plus 3 members d. Chair plus 4 Nominees
_____18. For an examinee for the licensure examinations for real estate broker, he or she must have no
rating in any subject below
a. 50% b.60% c.75 d.70%
_____19. The chair and the other members of PRBRES are appointed by the
a.President b. PRC c. AIPO d. PRBRES
_____20.Renewal of the professional identification card shall be upon satisfying the requirements of the
board such as, but not limited to, attendance in the CPD program and shall be renewed every
a.1 year b. 2 years c. 3years d.5 years
_____21. The appointment of the first board of the PRBRES will serve for a term of
a. 3 years but shall in no case shall serve only one term of office
b.3 years but in no case shall serve more than six years
c.3 years and may be re-appointed for two more terms
d.3 years and may not be re-appointed for a second term
_____22. A real estate broker is required to post a bond in the amount of P20,000 with PRC and P5,000
with DSHUD under PD 957 and P1,000 for salesperson also with DSHUD. How much total
bond
should therefore be posted by the real estate broker as required by the PRC under RESA
a.P20,000 b.P5,000 c.P25,000 d.P26,000
_____23. Upon the recommendation of PRC, the president may suspend or remove the appointment of
the officers on any of the following grounds EXCEPT:
a.Neglect of duty b.Abuse of Power c. Oppression d. Rumor Mongering
_____24. A foreign real estate service practitioner shall be issued special/temporary permit, under
R.A.9646 and the IRR unless
a.He/she passes the licensure examination b.Registered with DSHUD
c.There is foreign reciprocity between their countries d.Pays the bond of P20,000
_____25. Upon the recommendation of PRC, the president may suspend or remove the appointment of
the officers on any of the following grounds EXCEPT:
a.Irregularities in the exams b. Tampering of grades
c.Dishonorable conduct d. Brokering with the government transactions
_____26. A roster of registered professional real estate service practitioners will be made but which will
not include the following information
a.Name of practitioner b.Field of real estate service practice
c.Email address of practitioner d.License number
_____ 27. The following is not under the powers and functions of the board
a.Make policy and guidelines for the real estate industry
b.Adopt national guidelines for real estate practice
c. Conduct licensure exams; prescribe syllabi for subject for exams
 d. Issue, suspend, revoke or reinstate, COR or professional ID cards; due notice and hearing
_____ 28.One of the following will not be considered to be engaged in the practice of real estate service
a.A houseowner who will sell his own lot
b.A developer selling residential lots
c.An attorney-in-fact who sell a lot of the owner and will ask for a professional fees
d. A realty marketing company selling condominium units
_____29. The following is not under the powers and functions of the board
a.Safeguard licensed real estate service practitioners,, monitor ads,eradicate pernicious practice
b.Hear or investigate any violations, issue subpoena and subpoena duces tecum
c.Mandates other government agencies involving real estate service to enforce PRBRES policies
d.Assess and fix the rate of regulatory fees
_____30.The real estate service practitioners must abide by the code of ethics for the practice
promulgated by the board which is referred to as
a.National Code of Ethics
b.National Code of Ethics for Real Estate Service Practice
c.National Code of Ethics and Responsibilites
d. National Code of Ethics for Realty Practice Service
_____31. EXCEPT ONE, the qualifications of the Chairperson and Members of the Board are
a.Bachelor’s Degree related to real estate b. Active practitioner of RES for at least 10 years
c.Not a faculty member, nor have pecuniary interest in any entity conducting review classes
d. Natural born citizen of the Philippines
_____ 32.If one wanted to be qualified to be a member of the Professional Regulatory Board, it is
required that one should have experience as licensed real estate broker for at least
a.One year b.Five years c.Ten years d.Not required
_____33. The general scope of examination for real estate brokers are enumerated as, EXCEPT ONE
a. Real estate finance and consulting; Legal Aspect and Appraisal; Real Estate Code of Conduct
b. Fundamentals of property ownership ; code of ethics, legal requirements; brokerage
c. Subdivision and condominium concept; basic principles of ecology; Urban and Rural land use
d. Planning, development and zoning; legal aspect of sale, mortgage and lease
_____34.It is the power of the board to register or issue a certificate of registration to any successful
examinee if
a.Found to be psychologically fit b. Charged with the crime of murder
c.Convicted of traffic violation d. Being investigated for immoral conduct
_____35. For 35 and 36. Identify which of the documents are not required for the board examination:
a.Original and photocopy, birth certificate (NSO) and/or valid passport, proof of citizenship
b.Original and photocopy, transcript and/or diploma with scanned picture
c. Surety bond from any first class insurance companies recognized and certified by PRC
d. .Original and photocopy, notarized certification by employer or experience
e. Original and photocopy, NBI clearance
_____36. f. Professional Tax Receipt issued by the local government
g. Original and photocopy, notarized seminar training certificate
h. Community tax certificate
i. Colored passport size picture, white background, complete name tag.
_____37.The PRBRES may cluster the examination subject for the real estate broker’s licensure
examination, which is clustered into
a.3 subjects b. 5 subjects c. 4 subjects d. 12 subjects
_____38. A candidate may be deemed to have passed the examination, if he/she obtained an average in
all subjects, of
a.50% b.60% c.75% d.85%
_____39.A successful examinee must, before engaging in the practice of real estate service, undertake
the following
a.Take an oath before the Board b. Registered with DSHUD
c.Secure an NBI clearance d.Post a bond in the total amount of P25,000
_____40. The minimum fee that may be imposed on a person who engages in real estate service
practice without a license is
a.P100,000 b.P200,000 c.P10,000 d.P20,000
_____ 41. The concept or mode of providing and effectively utilizing funds for real estate.
a. Real Estate Financing b. Real Estate Expenditure c. Real Estate Funding
_____ 42. The following is not a common source Real Estate Financing
a. In-House financing (most common in real estate acquisitions)
b. Government and Private financing institutions
c. Support agencies in housing (Pag-ibig, SSS, GSIS, Banks)
d. Micro-lending Institutions, Joint-venture financing
_____ 43. The following are methods of payment in loans except
a. Straight or Flat Loan b. Amortizing Loan c. Turn Key Loan d. Short Term Loan
_____ 44. The following are periods of payment for loans except
a. Straight or flat loan b. Short term c. Medium term d. Long Term
_____ 45. The following are the purposes of loan except
a. Personal Loan b. Improvement loan c. Farm Loan d. Industrial Loan
_____ 46. The Following is not considered to be a purpose for real estate loan
a. Property acquisition b. Project loan c. Bank loan d. Farm Loan
_____ 47. Loan as to Security
a. Perfect Loan b. Unsecured Loan c. Contract Loan d. Insurance Loan
_____ 48. Another part of Loan as to Security
a. Perfect Loan b. Insurance Loan c. Contract Loan d. Secured Loan
_____ 49. All are Instruments of Financing but excluding
a. Contract to sell b. Deed of Sale c. Bond Issue d. Sale with Mortgage
_____50. All are Instruments of Financing except
a. Sale and Leaseback b. Prepaid rental arrangement c. Pacto de retro d. Lease
_____51. The following is not an Instrument of financing
a. Contract of Sale b. Stock Issue c. Dacion en Pago d. RE-financing.restructuring
_____52. Gradual paying off a debt by periodic instalment
a. Interest b. Annuity c. Amortization d. Amortization schedule
_____53. It is the cost of the use of the money
a. Interest b. Annuity c. Amortization d. Mortgage
_____54. Table that shows periodic payment, application to interest and principal and remaining balance
a. Interest b. Annuity c. Amortization d. Amortization schedule
_____55. A series of equal or nearly equal periodic payments or receipts
 a. Annuity factor b. Annuity c. Amortization d. Interest
_____56. Usually based on collateral being offered or income of the borrower, whichever is higher is
usually the amount loan.
a. Collateral b. Loan Value c. Loan Value based on income d. Mortgage
_____57. The property being used as security for loan
a. Collateral b. Loan Value c. Loan Value based on income d. Mortgage
_____58. Termination of Mortgagor’s right but subject of mortgagor’s right of redemption
a. Forfeiture b. Default c. Foreclosure d. Foreclosure sale
_____59. Loss of money or anything else of value because of failure to perform under contract
a. Foreclosure sale b. Default c. Foreclosure d. Forfeiture
_____60. Imaginary line connecting the known geographic position to the corner of the titled property.
a. Square planning b. Map c. Lot Plotting d. Tie Line
_____61. A CPD provider shall submit programs which is valid for
a. 3 years b. 1 year c. 30 days d. 15 days
_____62. Former Filipinos right to own land for business use as amended by RA 8971.
a. RA 6552 b. RA 7652 c. RA 7042 d. PD 471
_____63. Plan showing various elevations of property
a. Square Planning b. Topographic Survey c. Cul-de-sac d. Contour Lines
_____64. Subdivision scheme for flat terrain.
a. Square Planning b. Topographic Survey c. Cul-de-sac d. Contour Lines
_____65. Realty Installment Buyer’s Act
a. RA 6552 b. BP 185 c. RA 7042 d. PD 471
_____66. Former Filipino’s right to own residential land
a. RA 6552 b. BP 185 c. RA 7042 d. PD 471
_____67. A passageway with only one outlet.. A blind alley
a. Square Planning b. Chaplan c. Cul-de-sac d. Contour Lines
_____68. Lines in a topographic plan which indicate the elevation of the land at various sections.
a. Square Planning b. Chaplan c. Cul-de-sac d. Contour Lines
_____69. A written instrument that creates a lien upon real estate offered as security for the loan.
a. Loan value b. Mortgage c. Maceda Law d. Grace period
_____70. The period during which one party may fail to perform without being considered in default.
a. Loan value b. Mortgage c. Maceda Law d. Grace period
_____71. Clause in mortgage that gives the borrower right to redeem property after default, usually
paying the full indebtedness and fees incurred.
a. Defeasance Clause b. Right of redemption c. Maceda Law d. Grace period
_____72. Under R.A. 7742 of June 17, 1994, employees earning below ____ are exempted.
a. P9,000 b. P8,000 P6,000 d. P4,000
_____33. Year HDMF was created under the Marcos government.
a. 1978 June 11 b. 1980 December 18 c. 1994 June 17 d. 1998 Feb 13
_____74. The June 17, 1994 amendment provided maximum contribution to P___.
a. 450 b. 300 c. 100 d. 200
_____75. First ever Housing Loan Condonation Act of 1998 was enacted in ____
a. June 11 b. December 18 c. June 17 d. Feb 13
_____66. HDMF Law of 2009 of “An Act Further Strengthening the HDMF and for Other Purposes
a. RA 9679 b. RA. 9769 c. RA 7742 d. RA 7724
_____77. Mandated Chairman of the board of trustees for HDMF law of 2009
a. Chairperson of NHA b. Chairperson of HUDCC c. Chairperson of DBM d. Chair of DTI
_____78. Regular members of HDMF
 a. 4 b. 5 c. 6 d. 7
_____79. Under section Sec. 5 of HDMF Law of 2009, coverage of the fund shall not be mandatory for
a. Employees covered by SSS and GSIS and their employers
b. Uniformed members of AFP, BFP, BJMP, and the PNP
c. Overseas Filipino Workers (OFWs) & Filipino foreign based employers deployed locally
d. Non-working spouses of Pag-ibig members
_____80. The following is not considered HDMF short Term Loan
a. Savings b.Calamity Loan c. Multi-purpose Loan
_____ 81. The Real Estate Service Act adopts and promulgates the code of conduct for the real
estate service practice known hereunder as
a. National Code of Ethics and Responsibilities
b. Real Estate Service Code of Ethics
c. Code of Ethics for Real Estate Service
d. Code of Ethics of R.A. 9646
_____ 82. EXCEPT ONE, The vital role of the real estate service practice for the development of
the country is in
a. Social b. Political c. Economic d. Academic
_____ 83. The real estate service practitioners are bound by a code of conduct, morals, and values
in the performance of their duties to the following, EXCEPT
a. Client b. Public c. Government d. Fellow Practitioners e. Associates
_____ 84. Real estate consultant, appraiser, assessor, broker, and salesperson are referred to as
real estate service practitioners as defined under
a. Section 3(d) of RA 9646 b. Section 3(f) of RA 9646 c. Section 3(g) of RA 9646
_____ 85. Under the General Provisions and Declaration of Principles, the Real Estate Service is
a. Noble Profession b. Calling c. Obligation d. Occupation
_____ 86.Under section 2 of Article II of the General Provisions and Declaration of Principles,
service practitioners shall perform their duties and responsibilities with utmost
a. Integrity and Responsibility c. Respect and Courtesy
b. Fidelity and Sincerity d. Honest and Competent
_____ 87. Section 3 of Article II states that Real Estate Service Practitioners shall maintain a
professional character and personality by upholding the generally accepted standards
of the practice. It is therefore require for them to have
a. adequate education c. knowledge e. camaraderie & cooperation
b. value formation d. competence and expertise
_____ 88. As required in Article II section 1(a), the practitioner shall secure the necessary
requirements from the Commission and other gov’t agencies, such as EXCEPT
a. licenses b. certification c. permits d. authority
_____ 89. Section 2 Article III states that the practitioner shall be imbued with ____ being part of
society with duties and responsibilities for the promotion of the common good.
a. Social responsibility and conscience c. promoting the interest of the client
b. Economic and social development d. community and social harmony
_____90. Right of the buyer to exercise such grace period once every ___
a. 5 years b. 25 YEARS c. $50M d. URBAN LAND e. ESCHEAT
_____91. Maximum period for the duration of leases of private lands to aliens.
a. 5 years b. 25 YEARS c. $50M d. URBAN LAND e. ESCHEAT
_____92. For foreign tourism investors, they must invest __ or 70% infused within 3 years
a. 5 years b. 25 YEARS c. $50M d. URBAN LAND e. ESCHEAT
_____93. When it has a population density of at least 1000 persons per sqm, the land is considered
 a. 5 years b. 25 YEARS c. $50M d. URBAN LAND e. ESCHEAT
_____94. The proceeding used by the National Government in the forfeiture of such land
a. 5 years b. 25 YEARS c. $50M d. URBAN LAND e. ESCHEAT
_____95. The following are Steps in Handling Specific Sales Transaction EXCEPT
a. Documentation c. Determine an appropriate market strategy
b. Finding prospects d. Registering prospects to sellers
_____96. The following are Steps in Handling Specific Sales Transaction EXCEPT
a. Make Contact and qualify by phone, email or other means
b. Formal presentation
c. Salary investigation
d. d. Closing the deal
_____97. Represents Life and light
a. Sun and Rays b. Green c. Land d. Rising Sun
_____98. Inculcation of advance knowledge, skills, and ethical values in a post-licensure or in an inter or
multi-disciplinary field of study.
a. CPE b. CPCD c. CPD d. CPED
_____99. a. Make Contact and qualify by phone, email or other means
a. Formal presentation b. Salary investigation d. Closing the deal
_____100. When the broker is entitled to the broker’s commission even after the expiration of authority
of, say, 90 days.
a. Grandfather’s Clause b. Hold-over Clause c. Extension Clause
_____101. The symbol in the official seal that represent Real Estate.
a. Land b. Structure c. Trees and Fruits d. Map of the Philippines
_____102. EXCEPT for one, the broker represents a party in a transaction to
a. Offer, advertise, list, promote, mediate,
b. Negotiate the sale, purchase, exchange, mortgage, lease or joint venture
c. Develop, construct, build, lease, or mortgage
_____103. Represents the vital role of the real estate service practitioners in the social, political,
economic development and progress of the Philippines
a. Sun and Rays b. Green c. Land d. Rising Sun
_____104. The color of service
a. Sun and Rays b. Green c. Blue d. Rising Sun
_____105. Not included in the Basic pointers in Map Reading
a. Cardinal Direction (north, east, west, south)
b. Plotting and mapping (shape and area)
c. Bearings and Azimuth (tech’l description)
_____106. Not included in the Basic pointers in Map Reading
a. Scale (say 1:200) b. Reference Points (BLLM, BLBM, etc.) c. boundaries (end lines)
_____107. A set of activities undertaken In a sequence in order to achieve a goal.
d. Land Acquisition b. Project development c. Project d. Planning
_____108. A development of a property either for sale, lease, or for a specific business purpose.
a. Land Acquisition b. Project development c. Project d. Planning
_____109. An outline of which is to determine the type of real estate project that will be undertaken
a. Project feasibility studies b. Planning Stage c. Procurement d. Marketing
_____110. An outline of which the purpose is to hire consultants and prepare project.
a. Project feasibility studies b. Planning Stage c. Procurement d. Marketing
_____111. Under procurement and construction stage, this management process begins with bidding,
negotiation, award.
 a. Project feasibility studies b. Planning Stage c. Procurement d. Marketing
____112. Under R.A. 7742 of June 17, 1994, employees earning below ____ are exempted.
a. P9,000 b. P8,000 P6,000 d. P4,000
____113. Year HDMF was created under the Marcos government.
a. 1978 June 11 b. 1980 December 18 c. 1994 June 17 d. 1998 Feb 13
____114. The June 17, 1994 amendment provided maximum contribution to P___.
a. 450 b. 300 c. 100 d. 200
____115. First ever Housing Loan Condonation Act of 1998 was enacted in ____
a. June 11 b. December 18 c. June 17 d. Feb 13
____116. HDMF Law of 2009 of “An Act Further Strengthening the HDMF and for Other Purposes
a. RA 9679 b. RA. 9769 c. RA 7742 d. RA 7724
____117. Mandated Chairman of the board of trustees for HDMF law of 2009
b. Chairperson of NHA b. Chairperson of DSHUD c. Chairperson of DBM d. Chair of DTI
____118. Regular members of HDMF
a. 4 b. 5 c. 6 d. 7
____119. Under section Sec. 5 of HDMF Law of 2009, coverage of the fund shall not be mandatory for
a. Employees covered by SSS and GSIS and their employers
b. Uniformed members of AFP, BFP, BJMP, and the PNP
c. Overseas Filipino Workers (OFWs) & Filipino foreign based employers deployed locally
d. Non-working spouses of Pag-ibig members
____120. The following is not considered HDMF short Term Loan
a. Savings b.Calamity Loan c. Multi-purpose Loan
_____121. Known as Subdivision and Condominium Buyers Protective Decree Promulgated July 12, 1976
a. PD 957 b. PD 597 c. BP 202 d. BP 220
_____122. Section 4 Article III provides that the practitioner shall ____ of the employee of
another practitioner without the written consent by the latter.
a. not charged fees from the commission c. not transact with the client
b. not use or solicit the services d. engage in a deceptive services
_____123. Under the old code of ethics, the realty service is considered the following, and not a
a. Calling b. Profession c. Business d. Occupation
_____124. As per the definition of real estate service practitioners under the RESA, the code of
ethics no longer cover the following
a. Real estate salesperson c. Real estate Consultant
b. Real Estate brokerage and partnerships d Real estate appraiser
_____125. As to the relation to the government, the practitioner is not required to secure the ff.
a. License b. Permits c. Authority to pay surety bond d. required registration
_____126. The owner requested the broker on how to reduce the capital gains tax to be paid. It is
unethical for the broker to recommend the following
a. Undervalue sale price b. pay CGT on time c. pay transfer tax to the city treasure
_____127. If one participates in the undervaluation of the sale, the broker is deemed to have
violated his relation to the
a. Client b. Public c. Government d. Organization he belongs
_____128. As a real estate broker, one is not required to indicate the professional license no, in the
following documents
a. Advertisements b. Letterhead c. Deed of Absolute Sale d. Calling Cards
_____129. Acts of treating others irrespective of political beliefs, cultural background, sect,
religion or class is to have no
a. Discrimination b. Religion c. Partisan politics d. foreign friends
_____130. An act that can be said to be unethical is dealing with a real property being sold by the owner
a. Avoid exaggeration c. Refrain from misrepresentation
b. Conceal relevant information d. Ascertain all material facts on the property
_____131. A real estate broker bought a residential lot in a subdivision, and it would be unethical
for him to construct on the property the following
a. Residential house b. his professional office c. piggery d. duplex apartment
_____132. In accepting an appointment or authority to act for and in behalf of a client or
customer, the broker should pledge himself with utmost fidelity and good faith to
protect and promote the interest of his client which means
a. Loyalty to the client c. Be only working to the advantage of the client
b. Be loyal to the client at all cost d. Be unfair to the buyer in favor of the seller
_____133. For one to put up a for sale sign on the lot of the owner, the real estate broker must
a. Put a decent sign b. Use only a tarpaulin signage c. Be authorized by the owner
_____134. If the real estate broker already saw another sign for sale of another broker, under the
code of ethics, the broker must
a. Remove the sign before putting his sign c. Put the sign at least 3 meters away
b. No longer put his sign for sale d. cover the sign of the other broker
_____135. Mr. Yumul decided to sell his lot for P5.5M although the broker knew it can be sold to
P7M and the zonal value is P6.5M. What price should the broker offer to sell the
house?
a. P5.5M b. P6M c. P6.5M d. P7M
_____136. The code of ethics provides that the real estate broker in a real estate transaction should
a. make sure the seller is at an advantage c. have the buyer & seller conclude fair deal
b. Be in favor of the seller always d. be inclined to think of the commission
_____137. As to negotiations on a property listed exclusively with one broker, it should be through the
listing broker
and not the owner, except
a. With consent of the owner c. The listing broker just knew
b. The listing broker has consented d. the listing broker is not knowledgeable
_____138. When a client asks the real estate broker for his opinion on a transaction not being
handled by another broker, he/his
a. should criticize the manner of handling by the other broker
b. should simply say “No Comment”
c. opinion should be done with courtesy and professional respect
d. point out the errors committed by the other broker
_____139. So that no controversy of misunderstanding arises between the two brokers dealing on
the sale of the lot, the code of ethics requires
a. the two brokers assume the sharing will be 50-50
b. to discuss and clear the commission arrangement beforehand
c. discuss the sharing only when the professional fee is received
d. the broker who transferred the title to the buyer should get more
_____140. Which of the following acts can be considered unethical for a real estate broker
a. the broker should cooperate with other brokers on property listed
b. the broker should share the commission on an agreed basis
c. the broker should seek no unfair advantage over his fellow broker
d. the broker can use the services of the salesperson of another broker provided he pays the
salesperson a commission
_____141. Several offers for the purchase of the property were submitted by the real estate broker to
the owner and then another offer to purchase was received by the real estate broker. What should the
real estate broker do?
a. Wait for the owner to decide first before giving the latest offer
b. Tell the purchaser that his offer will have to wait till the owner decides
c. The latest offer should be presented to the owner for his decision
d. The real estate broker should tell the buyer to revise his offer
_____142. In his brochures, advertisements, or announcements, the real estate broker should
present a true picture of the property and is not required to indicate the following
a. Rights or interest of the property c. Name and firm name
b. Liens/encumbrances of the property d. Field of specialization as real estate broker
_____143. The following is considered unethical for the real estate broker to do when selling a
house and lot
a. To have the house is cleared before bringing the buyer
b. To tell the buyer there are many buyers interested although there are actually few
c. To open the windows of the house before bringing the buyer
d. To pass through a better road instead of the road with squatters
_____144. If a broker is a member of an organization, the real estate broker should not engage in
the following
a. Be an officer and serve as elected c. Support the programs of the organization
b. Electioneering during the annual election d. Pay on time the dues of an organization
_____145. In case a real estate broker is also a real estate appraiser, he may not appraise the
property of his client if
a. he will not be paid a professional fee c. the owner wants a predetermined price
b. he will also sell the property after appraising it d. he is a new real estate appraiser
_____146. As to the following acts of a real estate broker, which one can be considered within the
bounds of the code of ethics?
a. Delay the submission of an offer of another broker
b. Encourage the seller to undervalue the sale price
c. Willingly share his experience with new brokers
d. Criticize publicly another broker for his manner of selling
_____147. As a real estate broker, it is ethical to do the following acts. Which one, however, is not
ethical?
a. Share professional fees as agreed with the other broker
b. Engage services of the salesperson of another broker w/o informing the other broker
c. Publish a listing of another broker only with his consent
d. Not give rebates or split commission with an unlicensed real estate broker
_____148. Also known as the privilege tax. The receipt is called the PTR and PTR number is usually
indicated when signing documents.
a. Idle land tax b. Annual Professional Tax c. Transfer Tax d. Basic Realty Tax
_____149. A tax paid whenever a property is sold. This is required before sale can be recorded and title
transferred to the new owner at the Register of Deeds.
a. Idle land tax b. Annual Professional Tax c. Transfer Tax d. Basic Realty Tax
_____150. Tax paid annually by all property owners.
a. Idle land tax b. Annual Professional Tax c. Transfer Tax d. Basic Realty Tax