1.

Which of the following represents the economic characteris5cs of real

estate?
A scarcity, Improvements, permanence of investment and area preference
B land is immobile, indestruc5ble, land is unique
C land is scars and limited, land is unique and immobile
D scarcity, availability of land, uniqueness of land

2. Which of the following is not a restric5on or limita5ons of ownership

imposed by law?
A Police power
B Escheat
C Taxa5on
D Lease

3. Which of the following is not a limita5on of ownership imposed by

Contract?
A lease
B usufruct
C right of easement
D police power

4. Which of the following defini5ons is appropriate for the term Real

Estate?
A land and anything permanently aMached to the land
B property that is not encumbered by leases
C building and other improvements
D building and Fixture

5. Police Power includes all of the following except

A zoning
B deed restric5ons
C building codes
D subdivision regula5on

6. Which of the following best defines real estate?*

A land and the air above it
B land and buildings permanently affixed to it
C land and all things permanently affixed to it
D land and the mineral rights in the land

7. The bundle of legal rights is included in.*

A land
B real estate
C real property
D trade fixtures

8. All of the following would be considered real estate except

A fences
B buildings
C growing trees
D farm equipment

9. Which of the following is not an economic characteris5c of real estate?*

A indestruc5bility
B improvements
C area preference
D scarcity

10. Real property can be converted into personal property through

A severance
B accession
C conversion
D inference

11. A type of market where there are many sellers and many buyers and
the price is at its lowest.
A Sellers Market
B Buyers Market
C Perfect Market
D Imperfect Market

12. The term non-homogeneity refers to:*

A scarcity
B immobility
C uniqueness
D indestruc5bility

13. The bundle of right includes all of the following except?*

A the right to exclude someone from the property
B the right to enjoy property within the framework of law
C the right to sell or otherwise convey the property
D the right to use the property for any purpose, legal or otherwise

14. Which of the following is not an example of special purpose real

estate?
A a private school
B a public library
C a shopping center
D a house and lot

15. Which of the following are the limita5ons to property ownership

A police power, eminent domain, taxa5on and escheat
B scarcity, improvements, and area preference
C right to enjoy, possess, exclude others, right to dispose
D interest, benefits, ameni5es

16. Can personal property be converted into real property through what
process?
A severance
B accession
C conversion
D annexa5on

17. Real estate refers to the following

A land and improvements whether natural or man made
B land, improvements, rights, benefits, interest
C land and buildings and inherent rights of ownership
D trees, fence, road, drainage system

18. What are the two classifica5ons of proper5es as to ownership under

the Civil Code?
A public domain and private ownership
B movable or personal
C immovable or real property
D within the commerce of man and outside the commerce

19. What are the classifica5on of Proper5es according to mobility and nonmobility?
A movable or personal and immovable or real property
B public domain and private ownership
C present property and future property
D within the commerce of man and outside the commerce of man

20. What is the classifica5on of Proper5es according to use?

A residen5al, industrial, commercial, agricultural, special
B public domain and private ownership
C present property and future property
D agricultural, forest park or 5mber, mineral and park

21. The highest amount in terms of money that a property should

bring given reasonable 5me exposure in the open and compe55ve market:
A Market Value
B Fair market Value
C Salvage value
D Zonal Value

22. The highest price es5mated in terms of money that a real property
is acquired by a buyer who iswilling to buy and a seller who is willing to sell
but is not obliged or anxious to sell; both of whom haveadequate knowledge
of the actual and poten5al use of the property offered for a reasonable 5me
in theopen market and neither par5es under pressure to buy or sell
A Market Value
B Valua5on
C Value in Use
D Value in Exchange

23. The element of value include which of the following*

A scarcity
B an5cipa5on
C balance
D compe55on

24. A Professional Valuer is a person who possesses the following except

A Qualifica5on
B. Ability
C Experience
D Talent

25. Which of the following is not an element of appraisal or valuat

A. As of Specific Date
B. Presenta5on and analysis of data
C Factual Data, Sales or Lis5ngs
D Inspec5on & Property Iden5fica5on

26. The four (4) property types for appraisal or valua5on are the following
A. Residen5al, Commercial, Industrial, Agricultural
B Real Property, Personal Property, Businesses, Financial Interests
C, Land, Buildings, Machineries, Businesses
D. Mineral, Timberland, Real estate, Real Property

27. Which of the following is not a criterion for highest and best use
A legal permissibility
B maximum size of improvement
C physical possibility
D financial feasibility

28. The process of making an es5mate of value of any asset/property

in accordance with the generally accepted standards on a given date
A Appraisal
B Valua5on
C Value in Use
D Value in Exchange

29. It is the process of determining monetary values of the property

rights encompassed in anownership at some specific 5me/period
A Appraisal
B Valua5on
C Value in Use
D Value in Exchange

30. It indicates the value of the property traded in the market which is
referred to as market value:
A Appraised Value
B Valua5on
C Value in Use
D Value in Exchange

31. Appraisal is
A the report conveyed to the client
B a lucra5ve profession
C the act or process of developing an opinion of value
D the act or process of telling the client the market value of the property

32. An appraiser
A determines price
B determines cost
C determines values
D measures and develops an opinion of value

33. The principle of subs5tu5on implies that the value of an ___________

property tends to be indicated by the value of an equally desirable property
A appraised
B repairable
C comparable
D replaceable

34. Those assets which are not physical and material in nature are called
A intangible assets
B tangible assets
C fixed assets
D liquid assets

35. It includes interests in tangible and intangible items which are not real
estate. Items of tangible personal property are not permanently affixed to
real estate and are generally characterized by their own moveability
A Real estate
B. Real property
C. Property
D. Personal Property
36. These refers to plant, machinery and equipment are tangible or physical
assets which are intended to be used on a con5nuing basis as part of an
enterprise.
A Real estate
B. Real property
C. Property
D. Personal Property

37. It is the loss in value brought about by physical deteriora5on and/or

obsolescence.
A. Deprecia5on
B Obsolescence
C Over-improvement
D Physical Deteriora5on

38. The loss in value due to wear and tear and exposure to the elements is
known as
A. Deprecia5on
B Obsolescence
C Over-improvement
D Physical Deteriora5on

39. The loss in value within the property as a result of the development of
new technology, changes in design or market preferences is called
A. Deprecia5on
B Obsolescence
C Func5onal Obsolescence
D Physical Deteriora5on

40. It is the loss in value resul5ng from external influences.

A. Economic Obsolescence
B Obsolescence
C Func5onal Obsolescence
D Physical Deteriora5on

41. This refers to the amount of money necessary to purchase the finished
goods or item of property manufactured when offered for sale in the open
market.
A Cost
B Price
C Value
D Amount

42. It is an economic concept referring to the amount most likely to be

agreed upon by buyers and sellers in an open market transac5on where its
economic concept reflects the markets’ view of the benefits that accrue to
one who owns the good or receives the services as of the effec5ve date of
valua5on.
A Cost
B Price
C Value
D Amount

43. A use that is not legally permissible or physically possible cannot be

considered as the :
A Highest and Best Use
B Conformity
C Balance
D Compe55on

44. These are proper5es which are designed, constructed and developed for
a specific use or purpose and by its very nature this type of property and is
rarely offered for sale in the open market except as part of a going concern.
A Special Purpose Proper5es
B. Special Assets
C Special Purpose Assets
D Special Purpose Assets Vehicle

45. The Philippine Valua5on Standards are intended to facilitate the use
and adapta5on of interna5onally recognized appraisal standards for
A Taxa5on Purpose
B Valua5on Purpose
C Appraisal Purpose
D Valua5on Process

46. Under the PVS, in order to promote and preserve the public trust
inherent in professional appraisal prac5ce, an assessor/ appraiser must
observe the highest standards of professional ethics. This standard refers
to the:
A. Code of Conduct
B Ethical Code and Standards
C Code of Ethics & Professional Conduct
D Valuers Code of Ethics

47. To perform valua5ons that comply with these Standards and General
Valua5on Concepts and Principles (GVCP), it is mandatory that
Appraisers/Assessors adhere to the Code of Conduct pertaining to, except:

A Competence
B Disclosure
C Repor5ng
D Integrity
48. In developing a mass appraisal, an appraiser must be aware of,
understand, and correctly employ those recognized methods and techniques
necessary to produce and communicate credible mass appraisal. A mass
appraisal includes the following excluding:
A Iden5fying the property to be appraised.
B Iden5fying factors and forces that affect and influence value
C Adjus5ng the differences between the model and market comparable
D Reconciling The Mass Appraisal Results

49. Mass appraisal provides for a systema5c approach and uniform

applica5on of appraisal methods and techniques to obtain es5mates of
value that allow for sta5s5cal review and analysis of results. This
requirement recognizes that this principle which con5nue to affect the
manner in which appraiser perform mass appraisals.

A. Highest and Best Use

B. Conformity
C Change
D Contribu5on

50. In developing a mass appraisal, an appraiser must observe the

following specific appraisal requirements, except:
A iden5fy intended users
B iden5fy the purpose and intended use of the appraisal
C Iden5fy the scope of work necessary to complete the assignment, including any
special limi5ng condi5ons
D Iden5fy the problem and solu5ons involved

51. An extraordinary assump5on in mass appraisal may be used in an

assignment only if:
A it is required to properly develop credible opinions and conclusions;
B the appraiser has a reasonable basis for the extraordinary assump5on; and
C use of the extraordinary assump5on results in a credible analysis.
D the scope of work necessary to complete the assignment

52. In applying a calibrated mass appraisal model an appraiser must*:

A value land with improvements by recognized methods or techniques based on the
cost approach, the sales comparison approach, and income approach, as applicable;
B value sites by recognized methods or techniques; such techniques include but are
not limited to the sales comparison approach, alloca5on method, abstrac5on
method, capitaliza5on of ground rent, and land residual technique;
C reconcile the quality and quan5ty of data available and analyzed within the
approaches used and the applicability or suitability of the approaches used;
D. both A & B
53. In reconciling a mass appraisal an appraiser must, except for one
A reconcile the quality and quan5ty of data available and analyzed within the
approaches used and the applicability or suitability of the approaches used;
B value sites by recognized methods or techniques; such techniques include but are
not limited to the sales comparison approach, alloca5on method, abstrac5on
method, capitaliza5on of ground rent, and land residual technique;
C Employ recognized mass appraisal tes5ng procedures and techniques to ensure
that standards of accuracy are maintained.
D none of the above

54. A wriMen report of a mass appraisal must clearly communicate the

elements, results, opinions, and value conclusions of the appraisal. Each
wriMen report of a mass appraisal must:
A clearly and accurately set forth the appraisal in a manner that will not be
misleading; contain sufficient informa5on to enable the intended users of the
appraisal to understand the report properly; When any por5on of the work involves
significant mass appraisal assistance, the appraiser must describe the extent of that
assistance. The signing appraiser must also state the name(s) of those providing the
significant mass appraisal assistance in the cer5fica5on.
B clearly and accurately disclose all extraordinary assump5ons, hypothe5cal
condi5ons, or limi5ng condi5ons that directly affect the appraisal and indicate its
impact on value; Examples of extraordinary assump5ons or hypothe5cal condi5ons
might include items such as the execu5on of a pending lease agreement, atypical
financing, a known but not yet quan5fied environmental issue, or comple5on of
onsite or offsite improvements. In a wriMen report the disclosure is required in
conjunc5on with statements of each opinion or conclusion that is affected; state the
purpose and intended use of the appraisal;
C disregard assump5ons or limi5ng condi5ons that result in devia5on from
recognized methods and techniques or that affect analyses, opinions, and
conclusions;
D. None of the above

55. Based on the PVS, there are only two (2) values, namely Market Value
and:
A. Appraised Value
B Non-Market Value
C Fair Market Value
D. Sound Value

56. These are condi5ons and assump5ons under which appraisal is made
A Limi5ng Condi5ons
B Explana5on
C Waiver
D Assump5ons

57. The environment or loca5on in which goods and services trade

between buyers and sellers through a price mechanism
A Demand
B Market
C Supply
D Trade Area

58. The es5mated amount for which a property should exchange on the
date of valua5on between a willing buyer and a willing seller in an arm’s
length transac5on (a transac5on between independent, unrelated par5es
involving no irregularity) aoer proper marke5ng wherein the par5es had
each acted knowledgeably, prudently, and without compulsion
A Fair Value
B Appraised Value
C Market Value
D Going Concern Value

59. Also known as the Compara5ve Approach, an appraisal procedure in

which the market value es5mate is predicated upon prices paid in actual
market transac5ons and current lis5n
A Cost Approach
B Income Approach
C Residual Technique
D Market Data Approach

60. The process of valuing a group of proper5es as of a given date using

standard methodology, employing common data, and allowing for
sta5s5cal tes5ng.
A Mass Appraisal
B Model Calibra5on
C Income Approach
D Cost Approach

61. A process of analyzing sets of property and market data to determine

the specific parameters of a valua5on model.
A Mass Appraisal
B Model Calibra5on
C Income Approach
D Cost Approac

62. The cost of construc5ng a similar property which is equally desirable

and has the same u5lity as the one under appraisal
A Unit In Place Cost
B Quan5ty Survey
C Replacement Cost
D Reproduc5on Cost
63. The cost of construc5ng an exact replica of the building being
appraised using current prices of labor and materials and contracto’sr
prac5ces
A Unit In Place Cost
B Quan5ty Survey
C Replacement Cost
D Reproduc5on Cost

64. This principle states that the prudent purchaser would pay no more for
real property than the cost of acquiring an equally desirable subs5tute on
the open market.
A Subs5tu5on
B Balance
C Contribu5on
D Supply and Demand

65. This principle states that market value is determined by the interac5on
of the forces of supply and demand in the appropriate market as of the
date of the appraisal.
A Subs5tu5on
B Balance
C Contribu5on
D Supply and Demand

66. A property that by its nature, is percep5ble by the senses which is

generally used in carrying on an enterprise.
A Tangible Property
B Real Property
C Intangible Property
D Real Estate

67. The period of 5me over which the structure may reasonably be expected
to perform the func5on for which it was designed or intended
A Economic Life
B Useful Life
C Normal Life
D Chronological Age

68. In general economic theory, the capacity of an economic good to sa5sfy

human desires or needs is known as:
A Desirability
B Scarcity
C U5lity
D Transferability

69. It is a representa5on in words or an equa5on of the rela5onship between

value and variables represen5ng factors of supply and demand.
A Cost
B Value
C Calibra5on Model
D Valua5on Model

70. The present worth of future benefits arising out of ownership of property
value exists when an item of property has u5lity, is rela5vely scarce, arouses
the desire of poten5al buyer to buy and backed by the purchasing power.
A Value
B Price
C Cost
D Market

71. Non-Market Value refers to:*

A. Liquida5on Value
B Values other than Market
C Special Value
D. PloMage Value

72 This refers to the historical age or chronological age which is the

number of years that have elapsed since building construc5on was
completed.
A Useful Age
B Actual Age
C Economic Age
D Normal Age

73. A person who is paid a referral fee for loca5ng and promo5ng business
opportuni5es for others:
A Flip
B Crack
C Bird Dog
D Swinger

74. Is used when the value of the land can be es5mated with reasonable
accuracy using the market comparables
A Development Approach
B Sales Comparison
C Cost Approach
D Building Residual Technique

75. The added desirability or u5lity of a property due to its frontage to two
streets, which provides beMer ven5la5on for residen5al purposes, easier
accessibility and more commercial display for commercial and industrial
u5liza5on.
A Corner Influence
B Corner Lot
C PloMage
D PloMage Value

76. In real estate law, the property retained when the owner splits off and
conveys part of the property to another party but retains some rights such
as an easement for access (a driveway) or u5li5es.
A Servient Estate
B Dominant Estate
C Right of Way
D Easement

77. An appraisal by more than one appraiser, which states common

conclusions of all.
A Lot Appraisal
B Mass Appraisal
C Joint Appraisal
D Joint Review

78. Represents the ownership interest of a lessor owning real estate, subject
to lease to others.
A Lease Fee Estate
B Leasehold Estate
C Lease Interest
D Leasehold Right

79. The interest belonging to the tenants created by the leasing of property.
A Lease Fee Estate
B Leasehold Estate
C Lease Interest
D Leasehold Rights

80. A method investors may use to determine market value. This method
calculates the market value of a property by using the gross rents an investor
an5cipates the property will produce at end of year 1 mul5plied by a given
factor
A Gross Investment Value
B Gross Lease Value
C Gross Income Mul5plier
D Gross Lease Mul5plier

81. Real property which has an easement or other use imposed upon it in
favor of another property, such as right of way or use for access to an
adjoining property or u5lity lines.
A Servient Estate
B Dominant Estate
C Right of Way
D Easement

82. Any of these acts shall be the grounds for revoca5on of license, except
A Misappropria5on
B Misrepresenta5on
C Paying and receiving rebate
D Non-payment of PhilRES dues

83. A licensed Real Estate Prac55oner is qualified to be appointed as

member of the Appraisers Licensure Examina5on CommiMee provided
he/she has been a licensed Real Estate Appraiser for:
A Twenty years
B Five years
C Fioeen years
D Ten years

84. A licensed real estate prac55oner refers to any of the following

except
A Real Estate Broker
B Real estate Appraiser
C Real Estate Consultant
D Real Estate Manager

85. Real estate prac55oners shall be governed by the rules of conduct

and prac5ce of the profession, in rela5on to the following, except
A Government and Public
B Developers and Contractors
C Clients, Brokers, Appraisers, Consultants
D PhilRES

86. Which of the following is not a viola5on of the Na5onal Code of

Ethics?
A offer or agree to pay to, split or rebate any commission, fee or valuable
considera5on
B encourage, abet, tolerate or par5cipate in the evasion or illegal reduc5on 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 regula5ons
D should indicate the license number

87. The following are the good rela5ons of the prac55oner to his clients
and customer that thePrac55oner should always observe, except
A should undertake to make an appraisal or render an opinion that is outside 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 without in any manner sacrificing the legi5mate interest of the other
party in the transac5on
C accept any commission, fee or any valuable considera5on from any party in any
transac5on except from his client unless with the full knowledge and consent of all
the par5es in the transac5on
D act as witness in a court proceeding and give his tes5monies in the most
unbiased, honest, truthful and professional manner

88. Signs giving no5ce of a property for sale, rent, lease or exchange
should not be placed on any Property, by
A more than one prac55oner and only if authorized by the owner
B all accredited brokers and only if authorized by the owner
C both a & b
D none of the above

89. To cons5tute negligence or failure to disclose or ascertain to any

person with whom a prac55oner is dealing rela5ve to the property and
within his knowledge at the 5me of the transac5on, what maMersmust the
prac55oner fail to disclose previous owner of the property or history of 5tle

A fair market value of the property

B Loca5on, topography, and shape of the property
C Material fact, data or informa5on
D none of the above

90. This appraisal principle holds that a commodity is scarce and the
demand is high, hence, its value increases is called as:
A supply and demand
B regression
C balance
D highest and best use

91. A condi5on in the market where there is single seller and mul5ple
buyers;
A Monopoly
B Monopsony
C Oligopoly
D Oligopsony

92. A condi5on in the market where there are few sellers, more buyers or
few buyers, more sellers and prices goes up and down accordingly
A Seller’s Market
B Buyer’s Market
C Perfect Market
D Imperfect Market
93. A condi5on in the market where there is a single buyer and mul5ple
sellers;
A Monopoly
B Monopsony
C Oligopoly
D Oligopsony

94. This is a condi5on in the market where there are few sellers and mul5ple
buyers
A Monopoly
B Monopsony
C Oligopoly
D Oligopsony

95. A condi5on in the market where there are few buyers and mul5ple sellers
A Monopoly
B Monopsony
C Oligopoly
D Oligopsony

96. A type of economy where the private sector and government perform
equal roles in economic decision-making and compe55on with regula5on
A Communism
B Capitalism
C Socialism
D Marxism

97. This is a type of economy where the government decides and drives the
economy, focuses on what is needed rather than what is wanted.
A Communism
B Capitalism
C Socialism
D Marxism

98. Those assets which are not physical and material in nature are called:
A intangible assets
B tangible assets
C fixed asset
D liquid assets

99. The following are determinants of value, except

A u5lity
B scarcity
C Transferability
D price
100. Which of the following is not an element of appraisal or valua5on?
A. As of Specific Date
B. Presenta5on and analysis of data
C Factual Data, Sales or Lis5ngs
D Inspec5on and Iden5fica5on of Property
1

101. The four (4) property types for appraisal or valua5on are the
following:
A. Residen5al, Commercial, Industrial, Agricultural
B Real Property, Personal Property, Businesses, Financial Interests
C, Land, Buildings, Machineries, Businesses
D. Mineral, Timberland, Real estate, Real Property

102. What are the two classifica5ons of proper5es as to ownership under

the Civil Code?
A public domain and private ownership
B movable or personal
C immovable or real property
D within the commerce of man and outside the commerce

103. What are the classifica5on of Proper5es according to mobility and

non-mobility?
A movable or personal and immovable or real property
B public domain and private ownership
C present property and future property
D within the commerce of man and outside the commerce of man

104. What is the classifica5on of Proper5es according to use?

A residen5al, industrial, commercial, agricultural, special
B public domain and private ownership
C present property and future property
D agricultural, forest park or 5mber, mineral and Parks

105. Since lakes do not allow access to seaborne trade, Rizal province
and another province are s5ll considered to be landlocked which is
A Laguna
B Cavite
C Calamba
D Batangas

106. It is the only region in the Philippines that has separate local
government.
A NCR
B Socksargen
C CAR
D ARMM

107. Provinces are further subdivided into ci5es and municipali5es. The
Philippines has a total of how many provinces?
A 71
B 75
C 78
D 81

108. Train services are provided by three main railway networks that
serve different areas of Metro Manila and parts of Luzon except.
A Manila Light Rail Transit System (LRT)
B Manila Metro Rail Transit System (MRT)
C Philippine Na5onal Railways (PNR)
D North Rail Transit (NRT)

109. The largest lake in Philippine archipelago is Laguna de Bay in the

Province of Laguna and Rizal. The smallest lake that is in Agusan province is
A Lake Lanao
B Taal Lake
C Naujan Lake
D Lake Lumao

110. Manila, Jaro, Vigan and Nueva Caceres were chartered ci5es during
the Spanish 5me. One of these chartered ci5es is now called Naga City,
which is

A Manila
B Jaro
C Vigan
D Nueva Caceres

111. Since Philippine Independence in 1946 more ci5es were chartered

under U.S. administra5on. In 1948 one city, which was chartered in 1939
became the capital of the Philippines. This city is
A Manila
B Pasay City
C Caloocan City
D Quezon City

112. This city was made again the capital city of the Philippines in 1976,
which is
A Manila
B Pasay City
C Caloocan City
D Quezon City

113. The first individual to accurately calculate the conference of the

earth
A Eratosthenes
B Aristotle
C Einstein
D Mozart

114. First geographic reference was publishedin1650. This reference

con5nued as the standard geographic reference for about a number of years,
which is
A. 1,000 years
B 100 years
C 50 years
D 25 years

115. He is a geographer who first suggested that the discipline of

geography could be divided into three dis5nct branches.
A Bernhardus Varenius
B Fredrich Ratzel
C Carl RiMer
D Alexander von Humboldt

116. Geography is divided into three dis5nct branches. The first branch is
all about
A Forms and dimensions of the earth
B Tides, clima5c varia5ons, and space
C Other variables influenced of sun and moon cyclical movements
D None of the above

117. The way human changed their environment to survive and make life
comfortable and convenient:
A Survival
B Adapta5on
C Moderniza5on
D Transforma5on

118. The total land area of the Philippines is 115,800 square miles. In
square kilometers the total land area equivalent is?
A. 250,000 square kilometers
B 300,000 square kilometers
C 330,000 square kilometers
D 350,000 square kilometers
119. The largest lake in the Philippines is in Luzon, which is also the 3rd
largest fresh water lake in Southeast Asia.

A Manila Bay
B Laguna de Bay
C Caliraya Lake
D Taal Lake

120. Many of our mountains are densely forested. In northern Luzon the
principal mountain tree is
A Narra
B Acacia
C Mahogany
D Pine

121. It is the aboriginal inhabitants of our island also called Aetas or

Balugas. They now cons5tute only a small percentage of the total popula5on.
A Negritos
B Malays
C Indonesians
D Tinggues

122. It is the largest lake in Mindanao. It is also the second largest lake
in the country.
A Lake Lanao
B Lake Buluan
C Lake Mainit
D Lake Sebu

123. Even before the arrival of Spaniards, Philippines had already its own
seMlement paMern. Filipinos lived in a small independent villages ruled of a
peMy king datu called
A Poblaciones
B Barangay
C Si5o
D Barrio

124. The Philippine cons5tu5onal framework was governed under three

cons5tu5ons on the three following period except
A 1935 Cons5tu5on
B 1973 Cons5tu5on
C 1987 Cons5tu5on
D 1992 Cons5tu5on
125. The phenomena studied in Human Geography, except:
A Land form
B Plants
C Transporta5on
D Animals

126. The phenomena studied in Physical Geography

A Agricultural system
B Poli5cal system
C Urban system
D Environment

127. A descrip5on of Philippines as a tropical climate country falls for a theme

A Place
B Region
C Loca5on
D Movement

128. The Philippines is the only Asian Catholic country; It is a descrip5on

that categorize the Philippines;
A Place
B Region
C Loca5on
D Movement

129. Korean Novel’s ranked 1st in the evening show is a statement

showing cultural diffusion and is in the following theme of study in human
and physical geography
A Place
B Region
C Loca5on
D Movement

130. Under the new Window Lending System of HUDCC, the loan amount
for socialized housingPackages, based on collateral value shall be:
A 70% of the appraised value of the property
B 80% of the appraised value of the property
C 90% of the appraised value of the property
D 100% of the appraised value of the property

131. A branch of finance which deals with inves5ng money or wealth in

real estate is called:
A Real Estate Finance
B Real Estate Investment
C Real Estate Investment Trust
D Real Estate Development Corp.
132. The provincial, city, or municipal assessor shall undertake a general
revision of real property assessments:
A. Every Year
B Every two (2) years
C Every three (3) years.
D None of the above

133. All assessments and re-assessments made aoer January 1 of any

year shall take effect on
A January 1 of the next year
B January 31 of the same year
C January 1 of the same year
D January 31 of the following year

134. Valua5on of Assessor may be appealed to the Local Board of

Assessment Appeals within:
A. 30 days counted from receipt of the no5ce of assessment
B 60 days counted from receipt of the no5ce of assessment
C 90 days counted from receipt of the no5ce of assessment
D 120 days counted from receipt of the no5ce of assessment

135. Decision of Local Board of Assessment Appeals - may be

appealed to the Central Board of Assessment Appeals, within:
A. 30 days from receipt of the decision
B 60 days from receipt of the decision
C 90 days from receipt of the decision
D 120 days from receipt of the decision

136. Which of the following rules in the appraisal of urban lands for
taxa5on purpose is not true?
A Stripping method and standard depth – applies only to residen5al lots
B Stripping method shall not be applied on commercial and industrial proper5es.
C Stripping method shall not apply to corner lots.
D Stripping method shall apply to commercial lots

137. Lands bounded by 2 streets are known as

A Key lots
B Thru lots
C Corner lots
D Special lots

138. Corner lots shall be valued with percentage increment (corner

influence) as determined by the local assessor per:
A SMV
B FMV
C Tax Roll
D Tax Registry

139. Roads and streets, unless donated or turned over to local

authori5es shall be valued on the basis of the cost of cemen5ng,
asphal5ng, or paving with gravel and sand per square meter and shall be
listed in the name of:
A Homeowner Associa5on
B Subdivision Owner
C Local Government Unit
D Barangay Council

140. The valua5on of all commercial lots fron5ng streets/roads are

applied by mul5plying the length of frontage in linear meters by 50% of the
applicable unit base value and shall be added as:
A. Adjustment value for frontage
B Adjustment value for taxa5on
C Adjustment value for the coml. lot
D Adjustment value for assessment

141. Value adjustments based on factors not specified in the SMV,

adversely affec5ng the value of the property, shall be applied, except for:
A Shape
B Blighted status
C Topography
D Size

142. The Rule for adjustment of Triangular lots with its base on the
street is:
A Compute as a rectangular lot then take 2/3 of the resultant value.
B Compute as a rectangular lot then take 1/3 of the resultant value
C Compute the value of the rectangular and triangular por5ons separately according
to the rules hereof, then get the summa5on.
D Reduce the irregular lot to the nearest equivalent rectangular, triangular and
trapezoidal sectors and apply the foregoing rules.

143. The Rule for adjustment of Triangular lot with its apex on the
street is:
A Compute as a rectangular lot then take 2/3 of the resultant value.
B Compute as a rectangular lot then take 1/3 of the resultant value
C Compute the value of the rectangular and triangular por5ons separately according
to the rules hereof, then get the summa5on.
D Reduce the irregular lot to the nearest equivalent rectangular, triangular and
trapezoidal sectors and apply the foregoing rules.
144. The Rule for adjustment of Irregular lot is:*
A Compute as a rectangular lot then take 2/3 of the resultant value.
B Compute as a rectangular lot then take 1/3 of the resultant value
C Compute the value of the rectangular and triangular por5ons separately according
to the rules hereof, then get the summa5on.
D Reduce the irregular lot to the nearest equivalent rectangular, triangular and
trapezoidal sectors and apply the foregoing rules.

145. The Rule for adjustment of Trapezoidal lot is:*

A Compute as a rectangular lot then take 2/3 of the resultant value.
B Compute as a rectangular lot then take 1/3 of the resultant value
C Compute the value of the rectangular and triangular por5ons separately according
to the rules hereof, then get the summa5on.
D Reduce the irregular lot to the nearest equivalent rectangular, triangular and
trapezoidal sectors and apply the foregoing rules.

146. According to the Rule in the appraisal of agricultural lands for

assessment purpose, RA 7160 has no specific provisions on the valua5on
and assessment of:
A Plants and trees
B Farm lands
C Agricultural lots
D Rawlands

147. Agricultural lands conver5ble into residen5al subdivisions or

industrial use shall be classified and valued un5l such 5me that they shall
have been actually converted and developed into such, as:
A Residen5al
B Industrial
C Agricultural
D None of the Above

148. Timber and forest lands belonging to RP or any or its poli5cal

subdivisions, the beneficial use of which has been granted to a taxable
person, shall be appraised and assessed against the beneficial user at the
market value based on the marketable volume of 5mbera “ctually cut”
annually from the opera5onal area during the preceding year; regardless of
the annual total “allowable cut” in the lease agreement and shall be:
A exempted
B Be subject to real property tax
C Excluded
D Re-classified

149. Mineral lands shall be appraised annually against the beneficial

user or concessionaire on the basis of:
A The value of extracted material
B The size of concession
C the value of the type of minerals
D the date of extrac5on of the mineral

150. The Rule in the appraisal of machinery and equipment with respect
to the pricing and es5ma5ng the cost of reproduc5on includes all or any of
the following, but not
A Cost of machine, auxiliaries and/or op5onal accessories
B Freight, Insurance, Bank charges
C Cost of demobiliza5on
D Brokerage, arrastre, heavy lios, Customs du5es, taxes and installa5on

151. The Rule in the appraisal of buildings shall be in accordance with

the
A Base Unit Construc5on Cost (BUCC)
B SMV
C Tax Roll on Buildings
D Assessment Roll

152. When real property is assessed for the first 5me or when an
exis5ng assessment is increased or decreased, the P/C/M assessor shall,
within 30 days, on such new or revised assessment to the person in whose
name the property is declared, shall give a:
A Electronic Mail
B Telephone Call
C WriMen No5ce
D Personal Visit

153. All assessments made aoer the 1st day of January of any year
shall take effect on the 1st day of the succeeding year, provided, however,
that the reassessment of real property due to its par5al or total destruc5on,
or to a major change in its actual use, or to any great and sudden infla5on
or defla5on of real property values, or to the gross illegality of the
assessment when made, or to any other abnormal causes, shall be made
within:
A. 30 days from the date any such cause or causes occurred; the same to take effect
at the beginning of the quarter next following the reassessment
B 60 days from the date any such cause or causes occurred; the same to take effect
at the beginning of the quarter next following the reassessment
C 90 days from the date any such cause or causes occurred; the same to take effect
at the beginning of the quarter next following the reassessment
D 120 days from the date any such cause or causes occurred; the same to take
effect at the beginning of the quarter next following the reassessment

154. The distribu5on of the collected real property tax proceeds in case
of provinces shall be:
A Province, 30%: Municipality, 40%: Barangay, 30%
B Province, 35%: Municipality, 40%: Barangay, 25%
C Province, 35%: Municipality, 35%: Barangay, 30%
D Province, 30%: Municipality, 35%: Barangay, 35%

155. The distribu5on of the collected real property tax proceeds in case
of ci5es shall be:
A City, 70%; Barangay, 30%
B City, 75%: Barangay, 25%
C City, 80%: Barangay, 20%
D City, 85%; Barangay, 15%

156. The distribu5on of the collected real property tax proceeds in case
of MM/Municipality shall be:
A MMDA, 35%; Municipality 30%; Barangay, 35% where 50% to host barangay
B MMDA, 35%; Municipality 30%; Barangay, 35% where 50% to host barangay
C MMDA, 35%; Municipality 35%; Barangay, 30% where 50% to host barangay
D MMDA, 30%; Municipality 35%; Barangay, 35% where 50% to host barangay

157. GIS requires management and it must establish procedures, lines

of repor5ng, control points, and other mechanisms for ensuring that its GIS
ac5vi5es stay within budgets, maintain high quality, and generally meet the
needs of the organiza5on.
A People
B Organiza5on
C Data
D Data Management

158. Digital representa5on of selected aspects of some specific area of

the Earth’s surface or near surface, built to serve some problem solving or
scien5fic purpose.

A People
B Organiza5on
C Data
D Data Management

159. It is when data volume becomes large database management

system (sooware) to store, organize, and manage data are stored
conceptually as a collec5on of tables.
A People
B Organiza5on
C Data
D Data Management

160. It is the art of determining the posi5on of points on or near the

earth’s surface by means of measurement in the three elements of space,
namely: distance, direc5on and eleva5on. It is the science and art of
determining the area and configura5on of por5ons of the surface of the
earth and represen5ng them on maps.
A Surveying
B Mapping
C Cadastral
D Planning

161. An established land monument at a par5cular site or loca5on,

such as: BLMM, BBM, LM, BM, MBM, FH, etc.)
A Tie Line
B Contour Line
C Line & Grid
D Reference Point

162. Fixed object point established by surveyor to establish land

loca5on:
A Boundary mark
B Monument
C Post
D Cylindrical concrete

163. A person who determines the shape, contour and measurement of

land:
A Architect
B Accountant
C Geode5c Engineer
D Civil Engineer

164. The area of a triangular plot is computed by the formula:

A Length x width
B ½ x length x wide
C 2 k x length x width
D Length x width x height

165. The technical descrip5on in the TCT of real property can readily be
ploMed on a sheet by using the following data:
A Bearing and lot points (monuments)
B Distance and lot points (monuments)
C Bearing and 5e line
D Distance and bearing from lot points

166. A scale of 1:500 in surveying means:*

A 1 cm is equal to 500 meters
B 1 cm is equal to 5 meters
C 1 meter is equal to 500 meters
D 1 meter is equal to 50 meters

167. A kind of survey where the shape of the earth is taken into account
in compu5ng results is known as:
A Plane survey
B Geode5c survey
C Topographic survey
D Cadastral survey

168. A land survey always uses a reference point. It could be: *

A Bureau of Lands Loca5on Monument
B Bureau of Lands Barrio Monument
C Provincial Boundary Monument
D Any of the above

169. A subdivision plan needs only the approval of the Land

Registra5on or Land Management Bureau to effect segrega5on of 5tles
when the resul5ng number of lot is:
A Nine (9) or less
B Ten (10) or less
C Twelve (12) or less
D Fioeen (15) or less

170. It refers to a grid of north and south (meridians), and east and
west (parallels) lines surveyed by the government in iden5fying Philippine
boundaries.

A Metes and bounds

B Rectangular survey
C Cardinal Direc5on
D Monument

171. Refers to the rights which are inherent or appurtenant to

ownership and includes the right to possess, to use, to recover and to
collect the fruits.
A Right of Ownership
B Title
C TCT
D Torrens System

172. It is the evidence of a person’s right over a real property or right of

ownership by which he is able to assert and maintain possession
A Right of Ownership
B Title
C TCT
D Torrens System

173. A proof of ownership issued by the Register of Deeds to a

landowner.
A Right of Ownership
B Title
C TCT
D Torrens System

174. A system of land registra5on by which the 5tle is recorded and

becomes absolute, indefeasible and imprescrip5ble
A Right of Ownership
B Title
C TCT
D Torrens System

175. It is an encumbrance imposed upon an immovable property

belonging to another real estate. It is the right given to the owner of an
adjoining land to use or to have access through another land
A Easement
B Right of Way
C Dona5on
D Prescrip5on

176. The act of verifying the abstract of 5tle using the owne’sr duplicate
cer5ficate copy in the rela5on with that of the original copy filed with the
Registry of Deeds.
A Verifica5on
B Title Verifica5on
C History Verifica5on
D History Checking

177. An act of conduc5ng inves5ga5on on the abstract of 5tles with

reference to the links of the previous 5tles issued including but not limited
to the Original Cer5ficate of Title.
A Verifica5on
B Title Verifica5on
C History Verifica5on
D History Checkin

178. A no5ce reflected at the back of the 5tle which is valid only for a
period of 30 days.
A Lis Pendens
B Adverse Claim
C Dona5on
D Prescrip5on

179. An act of liberality whereby a person dispose gratuitously a

property or right in favour of another who accepts it.
A Lis Pendens
B Adverse Claim
C Dona5on
D Prescrip5on

180. A mode of acquiring property ownership and other real rights

through the lapse of 5me in the manner and condi5ons provide by law.
A Lis Pendens
B Adverse Claim
C Dona5on
D Prescrip5on

181. A legal provision which requires agreements for the sale of real
estate to be in wri5ng in order to be enforceable.
A Lis Pendens
B Adverse Claim
C Statute of Fraud
D Prescrip5on

182. It refers to a no5ce that the property has a pending li5ga5on

A Lis Pendens
B Adverse Claim
C Dona5on
D Prescrip5on

183. A court ac5on to remove cloud on the 5tle.*

A Lis Pendens
B Pe55on to Quiet Title
C Adverse Claim
D Prescrip5on

184. A list of all realty property located within the territorial jurisdic5on
of the local government unit concerned, prepared and maintained by the
Provincial/City/ Municipal Assessor.
A Register of Deeds
B Registry of the Property
C Registry of Deed
D Register of Property

185. An annota5on on the 5tle which serves as a no5ce that the

property is being held
A Garnishment
B Adverse Claim
C Writ of Preliminary AMachment
D Expropria5on

186. A tax imposed on the sale, dona5on, barter, or any other mode of
transferring real property ownership or 5tle.
A Ad Valorem Tax
B Transfer Fee
C Capital Gains Tax
D Donors Tax

187. Title Verifica5on is done with the concerned;*

A Register of Deeds
B Assessor’s Office
C Registry of Deeds
D Registry of Property

188. A simple test of the red seal on the Owner ’s duplicate and or red
printed words “OWNER’S DUPLICATE” may be considered as a poor
reproduc5on of the authen5c and original copy if it will:
A blot when wet
B stain when wet
C black and stain when wet
D blot and stain when wet

189. A recons5tuted 5tle may be determined by a prefix

A “TR”
B “RT”
C “RX”
D None of the above

190. A right to develop the space above a piece of property, building, or

other structure, such as a highway
A Air Space
B Air Rights
C Transfer Development Rights
D Floor Area Ra5o

191. This refers to the actual allowable floor area that could be
constructed on the land.
A Air Space
B Air Rights
C Transfer Development Rights
D Floor Area Ra5o
192. The right to build a taller building by buying unused air rights from
other property owner and geyng the right to build a skyscraper to a
maximum height, without demolishing the building
A Transfer Air Space
B Transfer Air Rights
C Transfer Development Rights
D Transfer Floor Area Ra5o

193. A hea5ng system based on hot water refers to:*

A Hydronic system
B Cogenera5on system
C Convector system
D Hydraulic system

194. A “Romex” is a type/brand of

A Roofing
B Door
C Steel
D Wire

195. The term “riprap” relates and best describes:

A Soil Preven5on
B Soil Fencing
C Erosion preven5on
D Rock and stones installa5on

196 This is a clay-based unglazed or glazed ceramic, where the fired body
is porous.
A Shingles
B “Terra CoMa”
C Balluster
D “Tegula”

197. One acre is equivalent to:*

A 15,280 sq. o.
B 10,560 sq. o.
C 5,280 sq. o.
D 43,560 sq. o.

198. The acronym HVAC is known as:

A Hea5ng Ven5la5ng Air Cooling
B Hea5ng Ven5la5ng Air Condi5oning
C Heated Vacuum Air Carrier
D Heated Vacuum Air Condi5oning

199. The equivalent of one (1) square meter is:

A 10.578 sq. o.
B 10.758 sq. o.
C 10.857 sq. o.
D 10.785 sq. o.

200. A building’s en5re founda5on structure which is below grade or

ground and include such founda5on supports such as foo5ngs, slabs, piles,
beams, piers and columns is the:
A Foo5ngs
B Infrastructure
C Substructure
D Superstructure