The Rental Property Investment Bible: Budget Limited but Ambition Unlimited: The Reference Book for Investing Intelligently, Generating Passive Income and Achieving Financial Independence
Any violation of the RESA Law shall be meted the penalty of a fine of not less than
_______________ or imprisonment of not less than ____________, or both for non-licensed
real estate service practitioner. 0/1 Php 200,000 ; 4 years Php. 200,000; 2 years Php. 100,000 ; 2 years
Php. 500,000 ; 5 years Correct answer Php 200,000 ; 4 years
This provision of the RESA Law allowed DTI licensed real estate practitioners to become registered and licensed real estate service practitioner (without examination) under the supervision of the Professional Regulation Commission 1/1 Separability Clause Effectivity Clause Repealing Clause Grandfather clause
A duly registered and licensed natural person who, for a professional fee, compensation or other valuable consideration, offers to perform services in estimating and arriving at an opinion of or act as an expert on real estate values 0/1 Real Estate Salesperson Real Estate Appraiser Real Estate Consultant Real Estate Broker
Correct answer Real Estate Appraiser
The following are members of PRBRES, except: 1/1 Engr. Arnold Tan Hon. Pilar Banaag Dr. Eduardo G. Ong Hon. Rafael Fajardo
The Rental Property Investment Bible: Budget Limited but Ambition Unlimited: The Reference Book for Investing Intelligently, Generating Passive Income and Achieving Financial Independence