LEGAL REQUIREMENTS FOR REAL ESTATE SERVICE PRACTICE

2. As Freddie decided to be a real estate broker, it is therefore required he must, in the

meantime, be a graduate of
a. A bachelor’s degree in real estate brokerage
b. A bachelor’s degree in real estate management
c. A relevant bachelor’s degree
d. At least two years of college
C. A RELEVANT BACHELOR’S DEGREE

5. In case DD Development Corporation will engage in the development of land for a

memorial park, the corporation shall be referred to under the RESA and defined as a
a. Real Estate Business Corporation
b. Real Estate Dealer
c. Real Estate Development & Memorial Company
d. Real Estate Developer
D. REAL ESTATE DEVELOPER

6. Herbert, as a real estate appraiser, is a person who conducts valuation/appraisal with

the necessary qualifications and experience to direct the valuation of real property, and is
also referred to as
a. Property appraiser
b. Real estate assessor
c. Value estimator
d. Valuer
D. VALUER

7. It refers to the land, improvements and all those attached to the land which are tangible
and physical
a. Real estate
b. Real property
c. Real estate improvements
d. Real property & improvements
A. REAL ESTATE

9. For the assessor, as provided under the RESA it shall refer to the Chief Assessor of the
municipality or city or province and includes the
a. Public government appraiser
b. Assistant assessor
c. Public real estate assessor
d. Government chief appraiser
B. ASSISTANT ASSESSOR

11. A real estate 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
D. GRANDFATHER CLAUSE

13. For its creation, the nomination of members to the Real Estate Service Board is
initially made by the
a. Accredited and Integrated Professional Organization
b. Professional Regulation Commission
c. Professional Real Estate Organization
d. Accredited Professional Real Estate Organization
A. ACCREDITED AND INTEGRATED PROFESSIONAL ORGANIZATION

14. A real estate broker employed a real estate salesperson to help him sell condo units.
In this case, the real estate salesperson must be a
a. Licensed and registered real estate salesperson
b. Licensed real estate salesperson
c. Registered real estate salesperson with HLURB
d. Accredited real estate salesperson
D. ACCREDITED REAL ESTATE SALESPERSON

15. The first national organization which was recognized and appointed to perform duties
prior to the recognition of the official AIPO was the
a. Interim Accredited Professional Organization
b. Interim Integrated and Accredited Professional Organization
c. Accredited and Integrated Professional Organization
d. Interim Accredited Professional Organization
A. INTERIM ACCREDITED PROFESSIONAL ORGANIZATION

18. A real estate salesperson’s registration with the HLURB shall automatically be
terminated upon
a. Termination by the real estate association
b. Termination of his employment by the real estate broker
c. Suspension of the registration of the real estate developer
d. Expiration date January 31 of the year
B. TERMINATION OF HIS EMPLOYMENT BY THE REAL ESTATE BROKER

19. The Professional Regulatory Board of Real Estate Service has the supervisory powers
over the real estate broker and the broker’s license may be suspended under the following
ground
a. Engaging in practice during suspension
b. Unethical practice
c. Violation of his association’s by laws
d. Non registration with HLURB
B. UNETHICAL PRACTICE
20. In case of a vacancy in the Board, it shall be filled up for the position vacated, which
shall be for the period of
a. 3 years
b. 2 years
c. Unexpired portion of the term of member who vacated
d. Not more than 6 years
C. UNEXPIRED PORTION OF THE TERM OF MEMBER WHO VACATED

23. As provided under Presidential Decree No. 957, a real estate salesperson who sells
condominium units for a project must file a bond in the amount of
a. P 1,000.00
b. P 5,000.00
c. P 20,000.00
d. No bond required
A. P 1,000.00

24. The PRBRES shall prescribed the essential requirements as to the curricular 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. Philippine Universities Association
A. COMMISSION ON HIGHER EDUCATION

25. If a complaint was filed by a buyer with the PRBRES for violation of the RESA and
the broker was found liable. He may appeal to the
a. Court of Appeals
b. Professional Regulatory Commission
c. Supreme Court
d. Professional Regulation Commission
D. PROFESSIONAL REGULATION COMMISSION

27. Suspension of a member of the Professional Regulatory Board of Real Estate Service
for grounds under the RESA, shall be made by the
a. Professional Regulatory Commission
b. Ombudsman
c. President of the Philippines
d. Majority vote of the members of the Real Estate Service Board
C. PRESIDENT OF THE PHILIPPINES

28. It is considered not a ground for the removal of the chairperson of the Professional
Regulatory Board of Real Estate Service
a. Unprofessional conduct
b. immortal conduct
c. Conviction of the crime of slight physical injuries
d. Neglect of duty
C. CONVICTION OF THE CRIME OF SLIGHT PHYSICAL INJURIES

30. In order to conform to technological and modern developments, the subjects for
examinations may be re-clustered, modified, added to, or excluded as may be found
necessary by the
a. Professional Regulatory Board of Real Estate Service
b. Commission on Higher Education
c. Accredited and Integrated Professional Organization
d. Department of Education
A. PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE

31. 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 of Science in Real Estate
d. Bachelor of Science in Real Estate Service Practice
B. BACHELOR OF SCIENCE IN REAL ESTATE MANAGEMENT

32. The following is not a requirement to qualify to take the real estate appraiser’s
licensure examination
a. Must be a citizen of the Philippines
b. Must take continuing professional education units
c. Must be a resident of the Philippines
d. Must have NBI clearance
C. MUST BE A RESIDENT OF THE PHILIPPINES

33. In case of an applicant for the examination for real estate consultants, proof must be
shown that he/she has years experience as a licensed real estate appraiser or as a bank, or
institutional appraiser of
a. 2 years
b. 5 years
c. 6 years
d. 10 years
B. 5 YEARS

36. Results of the licensure examination shall be released by the Board from the last day
of the examination within
a. 5 days
b. 10 days
c. 30 days
d. 60 days
B. 10 DAYS

39. Under the RESA, in addition to the certification of registration a successful examinee
shall also be given by the PRC the following
a. Certificate of attendance
b. Professional Identification Card
c. Certificate of oath taking
d. Professional Rating certificate
B. PROFESSIONAL IDENTIFICATION CARD

43. A real estate broker is required to post a bond in the amount of P 20,000 with PRC
and P 5,000 with HLURB under PD 957 and P 1,000 for real estate salesperson also with
HLURB. How much total bond should therefore be posted by a real estate broker
a. P 20,000.00
b. P 5,000.00
c. P 25,000.00
d. P 26,000.00
A. P 20,000.00

44. Upon application and payments of the required fees, subject to the approval of the
PRC, special/ temporary permits may be issued to real estate service practitioner from
foreign countries in case of
a. Specific foreign development projects
b. Unavailability of local practitioners to enhance the practice
c. Government to government realty projects
d. Lack of real estate salesperson
B. UNAVAILABILITY OF LOCAL PRACTITIONERS TO ENHANCE THE
PRACTICE

46. In case of practice involving condominium projects, the following shall not be
required to post a bond with the government
a. Real estate salesperson
b. Real estate broker
c. real estate private appraiser
d. Real estate consultant
D. REAL ESTATE CONSULTANT

48. A successful examinee must, before engaging in the practice of real estate service,
undertake the following
a. Take an oath before the Board
b. Register with HLURB
c. Secure an NBI Clearance
d. Post a bond in the total amount of P 25,000.00
A. TAKE AN OATH BEFORE THE BOARD

49. The following number of acts performed by a real estate service practitioner shall
constitute an act of engaging in the practice of real estate service
a. More than one transaction
b. At least one transaction
c. Several transaction
d. Two consecutive transaction
B. AT LEAST ONE TRANSACTION

53. To engage in practice of the profession of a real estate broker whose office is in
Manila, professional tax must be paid and is payable to
a. Professional Regulatory Board of Real Estate Service
b. City Treasure of Manila
c. Treasurer of the PRC
d. Bureau of Internal Revenue
B. CITY TREASURE OF MANILA

54. A real estate appraiser was found liable by the PRBRES. He may appeal the decision
of the PRBRES to the PRC Commission
a. Within 15 days from receipt of decision
b. Within 30 days from receipt of decision
c. Within 15 days from date of decision
d. Within 60 days from date of decision
A. WITHIN 15 DAYS FROM RECEIPT OF DECISION

55. Upon application and compliance with the required CPE units, and for reasons
deemed proper and sufficient, the Board may reinstate any revoked certificate of
registration and reissue a suspended professional identification card after a period of
a. One year
b. Two years
c. Three years
d. Upon approval
B. TWO YEARS

59. Arnold, a licensed real estate broker anted to set up a real estate marketing group and
he may engage the services of
a. 20 real estate salesperson
b. 20 accredited real estate salesperson
c. No limit
d. 20 licensed real estate salesperson
B. 20 ACCREDITED REAL ESTATE SALESPERSON

60. Jules just passed the real estate brokers’ examinations and rented out an office space
for her practice. It is required tat se must display in her place of business the following
a. Professional Identification card
b. Business name
c. Certificate of Registration
d. APO Receipt Number
C. CERTIFICATE OF REGISTRATION
62. Aling Meding used to sell lots in a subdivision but only finished high school. Under
the IRR of the RESA se could have continued to practice so long as she takes continuing
education program for
a. 60 hours real estate seminar
b. 120 hours real estate seminar and training
c. 120 hours on the job training
d. 60 hours on the job training and seminar
B. 120 HOURS REAL ESTATE SEMINAR AND TRAINING

63. As required under the IRR of the RESA the following practitioner should be full time
in his or her work
a. Real estate broker
b. Division Manager
c. Unit manager
d. Real estate salesperson
B. DIVISION MANAGER

64. For violation of the provisions of the RESA and its IRR by a real estate partnership,
the following may be made liable for violation
a. The president
b. The Director of the corporation
c. The partner
d. The chief Operating Officer
C. THE PARTNER

65. If one wanted to be qualified to be a member of the Professional Regulatory Board, it

is required that one should have experience as a licensed real estate broker for at least
a. One year
b. Five years
c. Ten years
d. Not required
C. TEN YEARS

66. It is the power of the Board not to register and issue a certificate of registration to any
successful examinee if
a. Found to be psychological unfit
b. Charged with the crime of murder
c. Convicted of traffic violation
d. Being investigated for immoral conduct
A. FOUND TO BE PSYCHOLOGICAL UNFIT

67. For the renewal of the professional identification card of a real estate consultant, it is
required that the practitioner must
a. Post a bond for P 20,000
b. Be under a real estate broker
c. Be a member in good standing of the AIPO
d. Be a member in good standing of his/her association
C. BE A MEMBER IN GOOD STANDING OF THE AIPO

68. In order for a person aspiring to be city assessor or to a higher credential level, under
the RESA, the person must be
a. A licensed real estate assessor
b. A licensed real estate appraiser
c. Experience as a real estate broker for ten years
d. Been in government for at least 15 years
B. A LICENSED REAL ESTATE APPRAISER

69. A current assessor who, on the date of the effectivity of R.A. No.9646 shall be
allowed to register without examination among others, provided they hold permanent
appointments and are performing actual appraisal and assessment functions for the last
five (5) years, and have passed the
a. PRC licensure examination for assessors
b. Real property assessing officer ( RPAO) examinations
c. Civil Serviced Examination
d. Real estate appraiser’s examinations
B. REAL PROPERTY ASSESSING OFFICER ( RPAO) EXAMINATIONS

70. A person who wants to engage in real estate service practice shall be required to post
a bond in the amount of P 20,000 if he will be a
a. Real estate salesperson
b. Real estate consultant
c. Real estate private appraiser
d. Real estate public appraiser
C. REAL ESTATE PRIVATE APPRAISER

71. Marie wanted to sell condo projects as a real estate salesperson, she must register
with HLURB and post a bond in the amount of
a. P 1,000.00
b. P 2,000.00
c. P 5,000.00
d. P 20,000.00
A. P 1,000.00

72. The expiry of the registration with HLURB of real estate broker expires every
a. December 31 of the year
b. 3 years
c. On the birthdate of the real estate broker
d. Every 2 years
A. DECEMBER 31 OF THE YEAR

73. In addition to the license number and PTR, the broker must also indicate in the
documents he sign the following
a. Address of the broker
b. AIPO Receipt Number
c. Email address
d. Date of release of Professional Identification Card
B. AIPO RECEIPT NUMBER

74. The required membership to the AIPO of a real estate practitioner shall be
a. Upon approval by the AIPO
b. Automatic and mandatory
c. Upon approval by the PRBRES
d. Upon approval by PRC
B. AUTOMATIC AND MANDATORY

79. One of the following is exempted from the coverage of the real estate service practice
in case of selling the property of a private owner
a. Real estate salesperson
b. Real estate broker
c. Attorney in fact who does not require compensation
d. A person appraising a property of another person
C. ATTORNEY IN FACT WHO DOES NOT REQUIRE COMPENSATION

82. As the AIPO, the accredited and integrated professional organization approved by the
PRC last 2011 is called
a. Institute of Real Estate Professional
b. Institute of Philippine Real Estate Service Practitioners
c. Philippine Institute of Real Estate Service Practitioners
d. Philippine Institute of Real Estate Professionals
C. PHILIPPINE INSTITUTE OF REAL ESTATE SERVICE PRACTITIONERS

83. The various regulatory boards under the PRC are grouped into an association referred
to as the
a. PAPRB
b. PARBR
c. PABRES
d. PRBRES
A. PAPRB

84. As of December 2012, the total number of real estate service practitioners approved
for registration without examination and those who passed the broker exams in 2011 and
2012 is estimated at
a. More than 16,000
b. More than 20,000
c. More than 10,000
d. More than 25,000
B. MORE THAN 20,000
85. The following is not issued a separate license for the practice of their specified
profession
a. Real Estate Broker
b. Real Estate Assessor
c. Real Estate Appraiser
d. Real Estate Consultant
B. REAL ESTATE ASSESSOR

86. The total number of regulatory boards in the country supervised by PRC is estimated
at
a. More than 30
b. More than 40
c. More than 50
d. More than 100
B. MORE THAN 40

87. Prior to the Professional Regulation Commission, the same was referred to as
a. Office of the Board Examiners
b. Professional Regulation Authority
c. Professional Board Examiners
d. Office of the Professional Board of Examiners
A. OFFICE OF THE BOARD EXAMINERS

89. There are four sectors categorized under the PRC for the various profession, which
one is not a sector
a. Medical and Health
b. Business, Education an Management
c. Engineering
d. Vocational Technology
D. VOCATIONAL TECHNOLOGY

90. The law governing the Professional Regulation Commission is called

a. Professional Regulation Act
b. Professional Modernization Act of 2000
c. Professional Modernization Law
d. Professional Regulatory Act of 2000
B. PROFESSIONAL MODERNIZATION ACT OF 2000

91. The Real Estate Service Practice is classified under the PRC as belonging to this
sector
a. Real Estate Sector
b. Business, Education and Management Sector
c. Technology Sector
d. Business and Services Sector
B. BUSINESS, EDUCATION AND MANAGEMENT SECTOR
92. The term of office of the commissioners of the Professional Regulation shall be
a. 2 years
b. 3 years
c. 5 years
d. 7 years
D. 7 YEARS

93. Under the PRC law, a Practicing Professional is defined to be a person who
a. Passed the licensure examination
b. Name is entered in the PRC registry book
c. Name and license are entered in the PRC registry book
d. Paid the fees for professional license
C. NAME AND LICENSE ARE ENTERED IN THE PRC REGISTRY BOOK

94. The PRBRES may cluster the examination subjects for the Real Estate Brokers
Licensure examinations, which is clustered into
a. 3 subjects
b. 5 subjects
c. 4 subjects
d. 12 subjects
A. 3 SUBJECTS

95. Aside from RA 9646, the law that governs the current practice of real estate service is
a. Ministry Order No. 39 Series 1985
b. Subdivision and Condominium Buyer’s Protective Decree
c. Local Government Code of 1991
d. HLURB Rules of Procedures
B. SUBDIVISION AND CONDOMINIUM BUYER’S PROTECTIVE DECREE

96. The real estate broker, aside from the license, is required to pay yearly professional
tax which is due for payment every year on or before
a. January 30
b. January 31
c. February 28
d. April 15
B. JANUARY 31

97. A community tax must be paid by the real estate broker to the treasurer of the local
government which should not be later than
a. January 31
b. February 28
c. Last day of January
d. Last day of February
D. LAST DAY OF FEBRUARY
98. The First Professional Summit was held by the PAPRB in cooperation with the PRC
in Manila last
a. October 2012
b. October 2010
c. November 2011
d. December 2012
A. OCTOBER 2012

99. A judgment or decision of the Professional Regulation Commission becomes final

and executory within a period of
a. 10 days from receipt of judgment
b. 15 days from receipt of judgment
c. 15 days from date of decision
d. 30 days from receipt of decision
B. 15 DAYS FROM RECEIPT OF JUDGMENT

100. President Noynoy Aquino has declared the “ Philippine Professionals

Competitiveness Week” every year during the period
a. 1st week of October
b. 2nd week of October
c. 3rd week of October
d. 4th week of October
C. 3RD WEEK OF OCTOBER