11
11
11
91. What is the net commission before tax of a broker who sold a house for P7,500,000.00 if 5% of
the 5% is given to Mr. B as referral fee.
a. P356,250.00
b. P375,000.00
c. P320,625.00
d. P187,500.00
92. An authority granted to two or more brokers to lease a property
a. Non-exclusive listing
b. Multiple listing
c. Authority to lease
d. Exclusive open listing
93. The following is not part of the functions of a real estate broker
a. Look for property listings
b. Advertise the property for sale or lease
c. Transfer the title in the name of the buyer
d. Show the property to prospective buyers
94. The real estate broker may hire real estate salespersons to handle project selling provided the
real estate salespersons are
a. Licensed by PRC
b. Accredited by PRC
c. Licensed by PRC and registered with DSHUD (HLURB)
d. Accredited by PRC and registered with DSHUD (HLURB)
95. A buyer of a house and lot bought it without engaging the services of a real estate broker and
such buyer would be referred to as
a. Unsolicited buyer
b. Direct buyer
c. Chance buyer
d. Independent buyer
96. A real estate broker may engage salespersons to assist in the brokerage practice provided that
they must be at most
a. 20 real estate salespersons
b. 20 accredited real estate salespersons
c. 20 licensed real estate salespersons
d. 20 registered real estate salespersons
97. The practice of a real estate broker may be classified into two general types. One is general real
estate brokerage practice and the other
a. Project selling brokerage
b. Corporate brokerage
c. Real estate valuation
d. Documentation processing services
98. The term FSBO in reference to a sale of property means
a. For sale by broker or owner
b. For sale by owner
c. For sale by others
d. For selling broker only
99. One is referred to as the listing broker when the real estate broker
a. Has an authority to sell a specific property
b. Has a list of the property
c. Has a buyer for the property
d. Has an exclusive authority on the property
100. In a case decided by the Supreme Court, a real estate broker is entitled to the commission
on a sale to his buyer if the person is
a. A licensed real estate broker
b. The procuring cause
c. The first to make an offer to the seller
d. Holding an authorization from the buyer
101. As a real estate broker, one is already considered a practicing broker when he or she is
a. Full time in practice
b. In practice occasionally
c. Selling projects of developers
d. Engaged in all aspects of real estate brokerage
102. In case a real estate broker is not paid commissions due by the owner, the broker, to
demand and claim the commission, will have to go to
a. DSHUD (HLURB)
b. Courts
c. Philippine Regulation Commission
d. Professional Regulatory Board of Real Estate Service