Module5 Rec Questionnaire

MODULE 5
REAL ESTATE CONSULTANCY

QUESTIONNAIRE
1. Among other qualifications, an applicant for a Real Estate Consultant’s license, must have at least
how many years of experience as Real Estate Appraiser?
a. 15
b. 10
c. 5
d. 3
2. Real estate problems and objectives that can be the subject of consultation may come from
a. Property Owners
b. Tenants
c. Lenders and Administrators
d. All of the above
3. The Consulting Services may involve any of the following Specific Studies:
a. Feasibility studies
b. Development planning
c. Disposition planning
d. All of the above
4. PARCS means
a. Professional Association of Realtor Consultants and Specialists
b. Professional Association of Realty Consultants and Specialists
c. Philippine Association of Realtor Consultants and Specialists
d. Philippine Association of Realty Consultants and Specialists
5. The realty service practice regulations were revised by Commerce Administrative Order No. 60-1,
issued on __________, which provided for the first time the licensing of Real Estate Appraisers by
requiring written examinations for Real Estate Brokers and Appraisers.
a. April 28, 1960
b. July 29, 1960
c. April 29, 1939
d. July 9, 1939
6. The first licensing regulations were issued on __________, under Commerce Administrative Order
No. 3-6 covering the licensing of real estate brokers.
a. July 29, 1939
b. July 29, 1929
c. July 9, 1839
d. July 9, 1939
7. In order to be admitted to the licensure examination for real estate service, a candidate shall at the
time of filing his/her application, establish to the satisfaction of the Board that he/she possesses
the following qualifications:
a. Citizen of the Philippines;
b. A holder of a relevant bachelor’s degree from a state university or college, or other
educational institution duly recognized by the CHED
c. Of good moral character
d. All of the above
8. The Consultant’s responsibility to the Client includes the following:
a. Assist the Client implement the decision or alternative action recommended as may be
required by the contract on the matter.
b. Know and understand the Client’s business in relation to the subject of consultation.
c. Open the mind of the Client as to the general nature of the client’s problem and the
relevant and related real estate aspects that may require third-party specialists, such as
appraiser, broker, builder, environmentalist, mortgage banker or lawyer.
d. All of the Above
9. It has been the proponent of a Uniform Standards of Professional Realty Consultants Practice
(USPRCP) as adopted by the BTRCP for real estate consultants practitioners.
a. PARCS
b. DSHUD
c. HLURB
d. PRC
10. CPD means

a. Commercial Project Development
b. Commerce Project Development
c. Continuing Profession Development
d. Continuing Professional Development
11. The Following are the qualifications for an applicant for a Real Estate Consultant’s license
a. must have at least ten (10) years experience as a licensed Real Estate Broker
b. (5) years experience as Real Estate Appraiser
c. must pass an examination for Real Estate Consultant given by the Professional Regulation
Commission (PRC).
d. All of the above
e.
a. Guide the Client in defining the issues involved in the problem, suggest alternatives, and
recommend solutions after adequate analysis and study, including necessary consultations
with other specialists.
b. Implement the engagement and render the report in accordance with generally accepted
standards of consulting practice and ethics and with the contract of consulting engagement.
c. Assist the Client implement the decision or alternative action recommended as may be
required by the contract on the matter.
d. All of the above
e.
13. Among other qualifications, an applicant for a Real Estate Consultant’s license, must have at least
how many years of experience as a licensed Real Estate Broker
a. 15
b. 10
c. 5
d. 3
14. This was passed by the Philippine Legislature in 1938 authorizing the Secretary of Trade and
Industry, then Secretary of Commerce, to promulgate administrative orders to regulate the real
estate practice, under its police power, to protect public interest.
a. Act 2728
b. Act 7282
c. Act 2782
d. Act 2827
15. a group of investors wants to consolidate streets and sites in an old downtown warehouse district
in order to create a high-rise office and hotel site. All the investors agree that a plan should be
worked out to close the streets, create larger parcels, and subdivide the more usable properties
after demolishing the buildings. Some of the investors wish to sell; others wish to enter into joint
ventures.
a. Management Planning
b. Facilities Planning
c. Redevelopment Planning
d. Development Planning
16. the owners of a large collection if the office buildings, hotels, apartment complexes, and industrial
properties want to know what changes they should make in their portfolio to improve its overall
performance without increasing investment risks.
a. Portfolio Review
b. Portfolio Study
c. Portfolio Assessments
d. Portfolio Improvements
17. a community that is contemplating the offer of a property tax abatement in order to attract a new
downtown hotel wants to know whether the anticipated benefits justify the revenue sacrifice being
contemplated.
a. Conflict Resolution
b. Use Study
c. Cost-Benefit Study
d. Forecasting
18. the owners of a downtown office building wonder what effects current trends in office building
construction, office space design, local business patterns, and area population characteristics will
have on their investment. They want to know how long they should hold the property and what will
eventually become of it.
b. Use Study
c. Cost-Benefit Study
d. Forecasting
19. an investor has been offered an income-producing property and wish to know what risks are
involved, what after-tax cash flow is to be expected, how sound the property is, how the purchases
should be financed, and what advantages and disadvantages would be associated with
rehabilitation.
a. Acquired Asset
b. Liquidation
c. Needs Assessments
d. Evaluation
20. an industrial company needs to expand a plant and wants to know what it can expect to get for the
plant in the market, what it would have to pay for a suitable existing facility at another location,
how much it would cost to acquire a site and build a new building, what its moving costs are likely
to be, where suitable sites are likely to be available, where a suitable facility might be rented, what
are the after-tax implications of these various possibilities would be.
a. Management Assistance
c. Redevelopment Assistance
d. Development Assistance
21. a growing law firm requires larger office. Each of its ten partners seems to have a different opinion
about what would be the best office location.
b. Use Study
d. Redevelopment Assistance
22. a distributor of bottled drinking water wants to know where to locate a distribution center in
relation to the total expected market area. This will require an analysis of the alternative sites
realistically available to the client and for each site, an assessment of delivery times, toll fees,
expect growth patterns within the market area, delivery expenses, and the tax structures of each
competing locality.
a. Use Study
b. Location Analysis
c. Assessing space needs
23. A lessee who is in the eighteenth year of a twenty-year lease is required to pay all of the real estate
taxes. He wants professional assistance to determine whether the taxes being charged are
excessive.
a. Professional Tax
b. Property Tax
c. Real Estate Tax
d. Tax Analysis
24. the owner of an apartment complex is concerned about undesirable changes in the neighborhood.
She wants to know whether she should keep or sell the property and whether it should be sold as
an apartment complex or converted into condominium units and then sold.
a. Neighborhood Analysis
25. a city planning board is seeking advice regarding the economic impact of proposed zoning revisions,
particularly with regard to the tax revenue, employment, and business development.
a. Impact Analysis
b. Development Analysis
c. Business Analysis
d. Tax Analysis
26. an apartment development in another city is suffering from high tenant turnover. The owners ask
for assistance in stabilizing the tenancy without reducing rent.
27. the owner of the vacant lot in an urbanizing area wants to know whether he should sell the lot,
enter into a joint venture for development, develop the lot himself, or exchange all or part of the
lot for another property.
a. Consulting
b. Redevelopment Assisstance
c. Sales Consulting
28. a bank requires new quarters. Should the building be adequate for just the bank, or should it
provide additional office space for rental to other businesses? If additional space is provided, how
much should there be, and how should it be designed?
a. Development Assisstance
29. a property owner and a lessee cannot agree on the rental to be paid over the next ten years of a
lease that contains a series of renewal every two years. The property owner and lessee seek a
consultant mutually acceptable to help them ascertain the fair market rent by agreement or
establish a procedure by which they can reach a rental amount without going to court.
b. Use Study
30. an owner of a substantial landholdings in a distant province wants to know whether to sell or hold
the property, the tax consequences of a sale, and how to go about marketing the property if he
decides to sell.
a. Investment advice
b. Expert Advice
c. Assistancee
31. the owners of a vocational training center wish to convert it to a medical building. They need help
in selecting the architect, builder, and management and in arranging the necessary financing.
32. a small investor has acquired an income-producing property. He is uncertain about what the rent
should be or how to draw up leases.
33. an investor planning the purchase of a large tract is concerned about how the property should be
developed, what use or uses should be contemplated, how development should be timed, how the
finished product should be marketed, and the most desirable way to acquire the tract.
34. The trust department of a small bank is required to dispose of an estate that includes several large
properties.
a. Acquired Asset
b. Liquidation
d. Property Taxes
35. a guaranty company has foreclosed on a partially completed residential condominium project.
a. Acquired Asset
b. Liquidation
d. Evaluation
36. May include macroeconomics analyses, microeconomics analyses, or a combination of both.

a. Consulting
b. Appraisal
c. Analysis
d. Valuation
e.
37. is the value in the marketplace.
a. Market Value
b. Investment Value
c. Marketplace Value
d. Commercial Value
38. A person who empower another to act as his or her representative or agent. Client relationship
fiduciary relation.
a. Real Estate Broker
b. Real Estate Appraiser
c. Valuer
d. Client
39. is the specific value of goods or services to a particular investor or class of investors based on
individual investment requirements or objectives.
a. Market Value
b. Investment Value
c. Marketplace Value
d. Commercial Value
40. is generally defined as the provision of advice, guidance, and support in real estate matters on a
fee basis by qualified professionals, who subscribe to a suitable Code of Ethics.
a. Consultancy
b. Real Estate Valuation
c. Real Estate Consulting
d. Expert Opinion
41. It is the giving of competent and objective (disinterested and unbiased) advice and judgment on
diversified problems in the broad field of real estate, delimited only by the client’s needs.
a. Real Estate Consultancy
d. Expert Opinion
42. A duly registered and licensed natural person who, for a professional fee, compensation or other
valuable consideration, offers or renders professional advice and judgment on: (1) the acquisition,
enhancement, preservation, utilization, or disposition of land or improvements thereon, (2) the
conception, planning, management and development of real estate projects.
c. Real Estate Broker
d. Real Estate Consultant
43. is a form of professional service that answers the need for completely detached but well considered
advice harmonized with the interest of the person seeking advice.
a. Consultancy
d. Expert Opinion
44. It is the giving of competent and objective (disinterested and unbiased) advice and judgment on
diversified problems in the broad field of real estate, delimited only by the client’s needs.
a. Consultancy
d. Expert Opinion
45. These are drawn from client objectives involving identification of needed data and tools of analysis
and decision making that might be applicable, resources to carry implement the engagement and
identification of the time and money constraints imposed on the entire process.
a. Alternative courses of action

b. non-quantifiable objectives
c. quantifiable objectives
d. consulting service
46. Consultation advice and opinion are documented with reasoning in what kind of report?
a. Written
b. Oral
c. Verbal
d. None of the above
47. This Society was founded for the purpose of meeting the public need for competent, disinterested,
and independent real estate advice and guidance rendered by qualified experts on a fee basis.
a. Society of Counselors
b. Society of Realtors
c. National Association Realtors
d. National Society of Realtors
48. Consultant’s ability:

a. Identify and define threats and opportunities;
b. Investigate markets and Plan developments;
c. Draw model of investment scenarios;
d. All of the above
49. These are documented with reasoning in a written report (or supported by an oral report), and for
an agreed fee.
a. Consultation
b. Advice and Opinion
c. Consulting service
d. Consultation advice and opinion
50. may be defined as a situation in which-something has gone wrong without explanation.
a. Consultation
b. Problem
51. Also called the specialist and generalist

c. Real Estate Broker
d. Real Estate Consultant
52. CMA Means
a. Competitive Market Analysis
b. Commercial Management Analysis
c. Concrete Management Assembly
d. Conglomerates Malls Assisstant
53. Distinct and sytematic method by which competent consultants apply their knowledge and skills to
the sollution of real estate problems source of standards for practice common to the different
consulting disciplineinto profession.
a. Consulting process
b. Valuation process
c. Appraisal process
d. Business process
54. It is a separate and distinct undertaking, completely distinguished from that of a broker, appraiser
or salesperson; the service he sells is the product of his mind out of right experience and judgment,
supported by facts.
a. Consultation
55. National Association Realtors (NAR) was founded for the purpose of meeting the public need for
competent, disinterested, and independent real estate advice and guidance rendered by
qualified experts on a fee basis in what year?
a. 1953
b. 1935
c. 1954
d. 1945
56. “The Philippine consulting practice is subject to licensing regulations, while that of the U.S.
counterpart is generally not.”
a. True
b. False
c. Any of the above
d. All of the above
57. “The Philippine consulting practice is not subject to licensing regulations.”

a. True
b. False
c. Any of the above
d. All of the above
58. The Consultant is in competition with the broker, appraiser, property manager, or with other realty
specialists.
a. True
b. False
c. Any of the above
d. All of the above
59. The most critical step to the client's decision-making process is to identify precisely the client's
goals or objectives to avoid the vague notion of objectives in his investment decisions
a. True
b. False
c. Any of the above
d. All of the above
60. Violation of the rule on conflict of interest is a ground for revocation of a real estate consultant’s
license.
a. True
b. False
c. Any of the above
d. All of the above
61. The Consultant's significant service objective is to ensure that the client's problem in terms of
objectives is clearly defined and alternative strategies or solutions are suggested and analysed and
a course of action is selected.
a. True
b. False
c. Any of the above
d. All of the above
62. The Consultant’s relationship with his client tends to be more confidential and professional than
that of the other real estate practitioners.
a. True
b. False
c. Any of the above
d. All of the above
63. The Consultant's role, therefore, is more often that of aiding the client in decision making rather
than problem solving
a. True
b. False
c. Any of the above
d. All of the above
64. The goals or objectives elicited from interview with client may require either broadening or
narrowing, refinement or restatement in a more precise manner that may require prioritizing their
relative importance to the client as well as to minimize or eliminate conflict.
a. True
b. False
c. Any of the above
d. All of the above
65. CPE is now CPD

a. True
b. False
c. Any of the above
d. All of the above
66. The Consultant has an obligation to resolve any conflicts that result from more precise statements
of client goals.
a. True
b. False
c. Any of the above
d. All of the above
67. The ability of the client to explain his objectives in precise terms may be so limited that the
Consultant must add precision to client's statements regarding his goals.
a. True
b. False
c. Any of the above
d. All of the above
68. Just as appraisers must distinguish between Valuation and Consulting works, consultants must also
distinguish between market value and investment value.
a. True
b. False
c. Any of the above
d. All of the above
69. Pride of ownership, specific location, design, accessibility and Fung Sui conformance are criteria
that are easily described but are quantifiable.
a. True
b. False
c. Any of the above
d. All of the above
70. The applicant for the licensure examinations must possess the other qualifications at the time of
filing of the application for the examinations as outlined under Section 4 of Rule lll of the
Implementing Rules and Regulation (IRR).
a. True
b. False
c. Any of the above
d. All of the above
71. The impact of such quantifiable objectives may influence the level of cash flow or return, but this is
a consideration the Consultant must decide on.
a. True
b. False
c. Any of the above
d. All of the above
72. the Consultant sets the work plan for establishing desirable action and implementing the decision.
Based on the consultant's knowledge, experience, and judgment as well as the agreed objectives of
the client, decision may range from no action at all to a complete change of the client's investment
position.
a. True
b. False
c. Any of the above
d. All of the above
73. Realty consulting is for persons who will approach the service on a professional basis.
a. True
b. False
c. Any of the above
d. All of the above
74. )The Consultant's area of expertise may be limited to some real estate expertise in the general
areas of marketing, management, or finance.
a. True
b. False
c. Any of the above
d. All of the above
75. The consulting service is a separate and distinct undertaking, completely distinguished from that of
a broker, appraiser or salesperson; the service he sells is the product of his mind out of right
experience and judgment, supported by facts.
a. True
b. False
c. Any of the above
d. All of the above
76. when the consultant or a relative within the fourth civil degree owns not less than twenty percent
propriety interest in the property subject of consultancy, he must disclose such interest before
accepting the consultancy engagement.
a. True
b. False
c. Any of the above
d. All of the above
77. The Consultant must be analytical and intellectually curious about the current and future trends
and changes in the economic, social and political scene, both local and global.
a. True
b. False
c. Any of the above
d. All of the above
78. The consultant treats each client or problem individualistically. His conclusion and opinion are
generally applied, except to the particular client or problem at hand.
a. True
b. False
c. Any of the above
d. All of the above
79. The Consultant's area of expertise may be limited to some real estate expertise in the general areas
of marketing, management, or finance.
a. True
b. False
c. Any of the above
d. All of the above
a. Feasibility studies
b. Highest and Best Use (HBU) studies
c. Development
d. All of the above
81. answer diversified questions related to real estate problems and issues from the standpoint of any
part to a proposed transaction.
a. Consultation
c. Consulting services
82. a newly formed limited partnership is interested in acquiring a luxury apartment building for
conversion into a residential condominium. It seeks guidance with regard to the value and physical
soundness of the building, the tenant policies that should be adopted, the amenities that should be
provided, the pricing of the converted units, and the kind of investment return that can be
expected.
a. Neighborhood Analysis
d. Conversion Analysis
83. Under Section 36 of Article IV, ________shall develop, prescribe and promulgate guideline on CPE
upon consultation with the accredited and integrated professional organization of real estate
service practitioners, affiliated association of real estate service practitioners and other concerned
sectors, and in accordance with such policies may be have been prescribed by the PRBRES, subject
to the approval by the PRC.
a. PARCS
b. PRBRES
c. HLURB
d. PRC
84. A Problem may be defined as a situation in which-something has gone wrong without explanation.
a. Consultation
b. Problem
85. To be a consultant how many years must be an experience broker?

a. 4
b. 1
c. 10
d. 5
86. The Consultant’s______, exposure and track record produce the kind of professional image in the
business community that leads to the enhancement of competency and credibility to wider
clientele. His _______ in the various fields of real estate is all-important, but may not necessarily
draw all the answers and solutions to all real estate problems.
a. Experience
b. Expertise
c. Skills
d. Opinion
87. AIPO stands for

a. Accredited And Integrated Professional Organization
b. Accredited And Integrated Practitioners Organization
c. Association Of Integrated Professional Organization
d. Association Of Intellectual Professional Organization
e.
a. Guide the Client in defining the issues involved in the problem, suggest alternatives, and
recommend solutions after adequate analysis and study, including necessary consultations
with other specialists.
b. Implement the engagement and render the report in accordance with generally accepted
standards of consulting practice and ethics and with the contract of consulting engagement.
c. All of the above
89. USPRCP stands for

a. Uniform Standards of Practitioners Realty Consultants Practice
b. Uniform Standards of Professional Realty Consultantion Practitioners
c. Uniform Standards of Professional Realty Consultants Practice
d. Uniform Standardization of Professional Realty Consultants Practice
90. Legal definition of Real Estate Consultant defined under Article 1, Sec. 3, of
a. R.A. 9646
b. R.A. 6556
c. R.A 2829
d. R.A. 7646
a. Property management review
b. Risk analysis
c. Neighborhood/community analysis
d. All of the above
92. What are the two categories of client objectives about his investment position?
a. non-quantifiable and quantifiable objectives
b. quality and quantity
c. dependent and independent objectives
d. Market and Investment Objectives
93. Its primary purpose is to maintain the high standards and advancement of the real estate
profession and for the realty service practitioners to keep abreast of the development affecting
their interest and of the industry.
a. PARCS
b. PRBRES
c. PRC
d. CPE
94. In the U.S., the Real Estate Consulting practice may have been formally recognized as a distinct real
estate practice by the organization of a Society of Counselors in what year
a. 1973
b. 1963
c. 1953
d. 1943
95. IPREC stands for

a. Institute of Philippine Real Estate Consultants
b. Integrated Professionals of Real Estate Consultants
c. Institute of Professionals Real Estate Consultants
d. Institute of Practitioners in Real Estate Consultancy
96. In consulting, ______ means considered judgment arrived at after careful investigation and
deliberation with the client, never given off-the-cuff, intuitively, gratuitously, or impulsively.
a. opinion
b. advice
c. none of the above
d. All of the above
97. Valuation studies are primarily _________because they focus on valuing identified interests in
specified real estate as of a given date.
a. microeconomic analysis
b. macroeconomic analysis
c. All of the above
98. PRBRES stands for

a. Practitioners Regulatory Board of Real Estate Service
b. Professional Regulatory Board of Real Estate Service
c. Professional Regulatory Board in Real Estate Service
d. Practitioners of Regulatory Board in Real Estate Service
99. is measured by the extent of acceptance and utilization of his services by the client.
a. Consulting
b. Consulting Process
c. Consulting Success
a. Conflict management
b. Technical analysis
c. Financial planning
d. All of the above
101. The period over which a property will yield a return on the investment, over and above the
economic or ground rent to land
A. Economic Life
B. Economic Yield
C. Economic Age
D. Economic Stage
102. one way of how an agency relationship is created. It means that if the principal makes third persons
to believe that someone is his agent and that third party deals with the agent, then the principal cannot
deny the agency relationship even though it did not exist in fact.
A. Fiduciary
B. Ratification
C. Estoppel
D. Dacion En Pago
103. The proof or act of proving at a court that a last will and testament is actually that of the deceased
person
A. Condemnation
B. Probate
C. Estoppel
D. Dacion En Pago
104. The exercise of police power by the municipality or city and regulating and controlling the character
and use of property .
A. Zoning Ordinance
B. Police Power
C. Eminent Domain
D. Just Compensation
105. is the money paid by the State when a public agency takes private property and converts it as public
use.
A. Zoning Ordinance
B. Police Power
C. Eminent Domain
106. The broker's "stock in trade" or the property being handled by the broker: it can be referred to also
as the contract between the owner and broker: or the authority of the broker to negotiate the transaction of
a property for a commission.
A. Listing
B. Lis pendens
C. Tacita reconducta
D. Multiple Listing
107. Any conditions revealed by a title search which affect the title to property; usually relatively
unimportant items but which cannot be removed without a quit claim deed or court action
A. Lien
B. Lis pendens
D. Cloud on the title
108. The right of the state to enact laws and enforce them for the order, safety, health, morals and
general welfare of the public
A. Zoning Ordinance
B. Police Power
C. Eminent Domain
109. The loss of money or anything of value, due to failure to perform, such as under an agreement to
purchase
A. Forfeiture
B. Ratification
C. Estoppel
D. Dacion En Pago
110. Means "let the buyer beware" (The buyer is duty-bound to examine the property he is
purchasing and he assumes conditions which are readily ascertainable on the face of the title)
a. Dacion en pago
B. Caveat emptor
C. Ad valorem
D. Cul de sac
111. Anything which affects or limits the fee simple title to property, such as mortgages,
easements, or restrictions of any kind. Liens are money encumbrances which make the property
security for the payment of a debt or obligations, such as mortgages and taxes.
A. Encumbrance
B. Dacion en pago
C. Ad valorem
D. Easement
112. An agreement whereby the seller promises to sell a thing in consideration of the buyer's
compliance to the terms and conditions of the contract and that only after the buyer's compliance
will the seller be obligated to transfer or convey the ownership of the thing subject of the contract.
A. Contract to sell
B. Contract of sell
C. Contract of sale
D. Contract to sale
113. An agreement between a buyer and a seller whereby there is transmission of ownership on
the object of the contract
A. Contract to sell
B. Contract of sell
C. Contract of sale
D. Contract to sale
114. Payment in kind. Payment of the debt or obligation with a property
a. Dacion en pago
B. Caveat emptor
C. Ad valorem
D. Cul de sac
115. The transferring of property to another; the transfer of property and possession of lands, or
other things, from one person to another.
A. Appurtenance
B. Binder
C. Alienation
D. Lien
116. It means property held by the taxpayer (whether or not connected with his trade or
business), but does not include - (a) Stock in trade of the taxpayer or other property of a kind which
would properly be included in the inventory of the taxpayer if on hand at the close of the taxable
year; or (b) Property held by the taxpayer primarily for sale to customers in the ordinary course of
his trade or business; or (c) Property used in the trade or business of a character which is subject to
the allowance for depreciation provided in subsection (F) of Sec. 34 of the Code; or (d) Real
property used in trade or business of the taxpayer
A. Capital gains tax
B. Capital asset
C. Capital property
D. Capital tax
117. Reversion of property to the state owing to lack of any heirs capable of inheriting; or due to
other causes provided by law
A. Escrow
B. Escheat
C. Estoppel
D. Dacion En Pago
118. The clause in a mortgage that gives the mortgagor the right to redeem his property upon
the payment of his obligations to the mortgagee
A. Escalation clause
B. Holdover clause
C. Automatic redemption clause
D. Defeasance clause
119. A hold or claim which one person has upon a property of another as security for a debt or
charge judgments, mortgages
A. Lien
B. Lis pendens
C. Adverse claim
120. A mortgage which can be paid off at any time even before its maturity.
A. Mortgage
B. Open mortgage
C. Open-end mortgage
D. Closed mortgage
121. A lease of a property in which the rental is based upon the volume of sales made upon the
leased property
A. Lease
B. Percentage lease
C. Paraphernal lease
D. None of the above
122. The rights of ownership whereby the owner has the right to enjoy, dispose, exclude others
and to recover
A. Propery right
B. Property ownership
C. Bundle of rights
123. the right, advantage or privilege which an individual has in land of another, such as a right of
way
A. Escrow
B. Escheat
C. Estoppel
D. Easment
124. The means by which title to real estate is transferred

A. Conveyance
B. Tacita reconducta
C. Estoppel
D. Ad valorem
125. A provision in a listing agreement which entitles the broker to commission even when the
sale was closed after the period of the authority provided that the buyer was registered by him
with the seller and with whom he has negotiated during the period of his authority
A. Escalation clause
B. Holdover clause
C. Automatic redemption clause
D. Defeasance clause
126. Largest estate of ownership in real property in which the owner holds all rights not reserved
by society. Absolute ownership.
A. Appurtenance
B. Ownership
C. Fee Simple
D. Lien
127. A mortgage which can be paid off on its maturity
A. Blanket Mortgage
B. Open mortgage
D. Closed mortgage
128. The right of the government to acquire property for necessary public or quasi-public use
A. Zoning Ordinance
B. Police Power
C. Eminent Domain
129. the filling of submerged land by deliberate act such as reclamation of Manila Bay.
A. Appurtenance
B. Accretion
C. Reclamation
D. Accession
130. one wherein the authority to negotiate is given to two or more real estate brokers. The sale
made by one of the brokers autotically terminates the contract of all concerned brokers. The broker
who is the procuring cause of the sale receives the professional fee.
A. Listing
B. Exclusive Listing
C. Multiple Listing
D. Open Listing / Non Exclusive
131. is the increase or addition of land by the deposit of sand and soil washed up naturally from a
river or lake or sea
A. Appurtenance
B. Accretion
C. Reclamation
D. Accession
132. includes all the rights and benefits related to the ownership of real estate.
A. Real Estate
B. Real Property
C. Bundle of Rights
D. Ownership
133. is one way of how an agency relationship is created. It means that if a person having no
authority whatsoever purports to act as an agent and the purported principal later adopts the acts
of that agent, an agency relationship has retroactively been created.
A. Forfeiture
B. Ratification
C. Estoppel
D. Dacion En Pago
134. An annotation in the title which serves as notice that the property is subject to a pending
litigation. It is Latin for "suit pending."This may refer to any pending lawsuit or to a specific situation
with a public notice of litigation that has been recorded in the same location where the title of real
property has been recorded.
A. Lien
B. Lis pendens
135. Usually refer to real estate properties that were previously mortgaged to the bank, by which
because the owner failed to pay the mortgage, the ownership of the property transferred to the
bank through a judicial foreclosure proceeding. It is also called Foreclosed Properties.
A. Best Asset
B. Ordinary Asset
C. Capital Asset
D. Acquired Asset
136. The act or process by which a person procures property.

A. Adverse Claim
B. Conveyance
C. PROCURING
D. Acquisition
137. A condensed history of the title, consisting of the various links in the chain of title, together
with a statement of all liens, charges or encumbrances affecting a particular property.
A. Lien
B. Quieting of Title
C. Abstract of Title
138. refers to a government official who conducts appraisal and assessment of real properties for
taxation purposes.
A. Appraiser
B. Valuer
C. Evaluator
D. Assessor
139. A mortgage that has two or more properties pledged as security for a debt
A. Blanket Mortgage
B. Open mortgage
D. Closed mortgage
140. property owned in common by the husband and wife
A. Joint Property
B. Conjugal Property
C. Common Property
D. Paraphernal lease
141. generally refers to person without representation involved in the transaction involved in the
transaction. All agents and brokers have a duty to treat customers fairly.
A. Customer
B. Client
C. Buyer
D. Prospect
142. A person in a position of trust and confidence, as between a principal and a broker; the
broker as fiduciary owes certain loyalty which cannot be breached under rules of agency.
A. Fiduciary
B. Ratification
C. Estoppel
D. Dacion En Pago
143. A procedure where by property pledged as security for a debt is sold to pay the debt in the
event of default in payments or terms. It is a process instituted by a mortgagee by which the
mortgaged property is sold at public auction to satisfy the principal obligation which the debtor
failed to fulfill. The property that has been transferred to the bank through a foreclosure
proceeding is called a Foreclosed Property, which is also known as Bank Acquired Asset.
A. Condemnation
B. Probate
C. Foreclosure
D. Fiduciary
144. Delay or negligence in asserting one's legal right

A. Latches
B. Escheat
C. Escrow
D. Easment
145. A lien created by law which exists in favor of persons who have performed or furnished
materials in the erection or repair of a building
A. Latches
B. Lien
C. Probate
D. Mechanics Lien
146. A contract of sale with the stipulation that the vendor shall have the right to buy back the
property within the agreed period
A. Pactum de non aliendo
B. Pactum commissorium
C. Pacto de retro sale
D. Tacita reconducta
147. refers to the land and all those items which are attached to the land. It is the physical,
tangible entity which can be seen and touched, together with all the addition on, above or below
the ground.
A. Real Estate
B. Real Property
C. Bundle of Rights
D. Ownership
148. It means that if at the end of the period of lease, the lessee continues to enjoy the thing
leased with the acquiescence of the lessor, it is understood that there is an implied new lease.
A. Pactum de non aliendo
B. Pactum commissorium
C. Pacto de retro sale
D. Tacita reconducta
149. a contract between an owner and a tenant on thing worth conditions of use
A. Lease
B. Paraphernal lease
C. Rent
150. only one broker is authorized to negotiate for the property.

A. Listing
B. Exclusive Listing
C. Multiple Listing
D. Open Listing / Non Exclusive
151. Real Estate Consultants perform extensive research in order to help guide clients’ decision-making
during every step of a project. Rather than focusing on a transaction, their job is to ensure overall
investment success for the client.
a. True
b. False
c. Any of the above
d. All of the above
152. Real estate consultants typically work for a large consulting firm or as an independent consultant.
Their compensation depends on the type of work they do, but most real estate consultants are paid a flat
or hourly fee.
a. True
b. False
c. Any of the above
d. All of the above
153. A real estate consultant provides a variety of services to help maximize the potential return on
investment of a real estate investment.
a. True
b. False
c. Any of the above
d. All of the above
154. Property developers, builders, real estate investors, and investment banks rely on real estate agents
for professional advice.
a. True
b. False
c. Any of the above
d. All of the above
155. Some examples of common types of real estate consulting
a. Consulting firms
b. Real Estate Investors
c. Property Development
d. All of the above
156. Real estate consultants are hired to advise on commercial and real estate development projects from
start to finish. This may involve researching potential sites for the development, conducting feasibility
reports, and running competitive analyses.
a. Residential Clients
d. Consulting firms
157. Consultants who work for developers usually have a background in sales or marketing. Developers
look to consultants to provide insight on buyer trends to produce a property that is both competitive and
unusual in the market. Some real estate consultants also work with interior designers.
a. True
b. False
c. Any of the above
d. All of the above
158. In this role the real estate consultant conducts economic analysis to ensure the investment is a sound
financial decision for the buyer. This may start with an analysis of the pricing, supply, and demand of the
property type or location. The consultant then evaluates the marketability of the property to determine
profits under current market conditions. The outcomes of this research are used to estimate the risk to the
buyer and the potential return on investment. The consultant may also review property appraisals and
insurance policies. What type of Real estate consulting
d. Consulting firms
159. They provide real estate consulting services to real estate investment trusts (REITs), other investors,
lenders, business owners, and corporate real estate groups. Real estate consultants who work for
consulting firms perform due diligence, conduct market studies, and offer lease advisory and portfolio
services. They also assist with real estate portfolio positioning, strategy, and financial analytics and
modeling
d. Consulting firms
160. In this case the consultant would help the buyer determine whether a purchase was a good
investment. They will consider the buyer’s goals and look at all aspects of a potential transaction. As they
are not working for commission, the consultant is able to provide advice that is completely objective and
unbiased.
d. Consulting firms
161. A buyer's agent or listing agent is involved more with helping investors make decisions about what to
do with their real estate assets, a real estate consultant is more involved in managing the day-to-day
processes necessary for completing a real estate transaction.
a. True
b. False
c. Any of the above
d. All of the above
162. They utilize their expertise and experience to advise businesses on immediate or future decisions
regarding a piece of property or asset portfolio.
a. Real Estate Advisor
b. Real Estate Services Provider
c. Real Estate Consultancy
d. Real Estate Investors
163. They offer support or are put in charge of tasks that fall under real estate development on a property
a. Real Estate Advisor Commented [A1]:

164. Consultancy is not necessarily a sales job but more of a servicing job where the consultant needs to
understand in detail what the customer wants and sees to it that it is provided promptly
a. True
b. False
c. Any of the above
d. All of the above
165. They are those who buy properties or land, try to maximize their profits, and then sell their
investment
a. Real Estate Advisor
166. Real estate agents help people sell or buy properties. Meaning, you can either be a buyers’ agent or a
sellers’ agent. You can also be either a residential or a commercial agent
a. True
b. False
c. Any of the above
d. All of the above
167. facilitate the home buying process between sellers and buyers. You can be even more specialized by
focusing on specific kinds of property like single-family homes, condos, luxury homes, vacation homes, or
foreclosures.
a. Residential Real Estate agents
c. Commertial Real Estate agents
168. They are similar to residential agents, but they work in the commercial sector of the real estate
industry. So, instead of houses, commercial real estate agents sell properties to businesses. Moreover, this
type of real estate careers requires you to have analytical knowledge in business and finance.
a. Residential Real Estate agents
c. Commertial Real Estate agents
169. are those who buy land and build a real estate property on it. This includes everything from a 4-
bedroom house for a family to office buildings. A real estate developer is responsible for planning and
coordinating the construction of these buildings, financing it, and bringing in a team to execute the plan.
This means that real estate developers also work with architects, engineers, contractors, construction
teams, leasing agents, lawyers, and other professionals surrounding the different aspects of the property.
a. Property Manager
c. Real Estate developers
170. ensure the financial and physical well-being of the real estate property. You’ll also have to ensure the
tenants of the rental property are satisfied, and you’ll have to work with the property owner to ensure
everything is functioning smoothly.
a. Property Manager
c. Real Estate developers
171. one who offers an opinion or suggestion as worth following

a. Expert
b. Advisor
c. Developers
d. Investors
172. makes specialized recommendations

a. Expert
b. Advisor
c. Developers
d. Investors
173. Real Estate consulting is not a discipline.

a. True
b. False
c. Any of the above
d. All of the above
174. Real Estate consulting is a process, act of advising, fee-based, analytical.
a. True
b. False
c. Any of the above
d. All of the above
175. Any provision added to a contract, or an addition to a contract that expands modifies or enhances the
clarity of the agreement. To be part of the contract and legally enforceable, an addendum must be
referenced within the contract.
a. Addendum
b. Adenddum
c. Adendum
d. Addenndum
176. Property used to produce income such as office buildings or shopping centers.
a. Commercial Property
b. Residential Property
c. Personal Property
d. Industrial Property
177. A master plan to guide the long term development of a government subdivision, such as a city or
county, to ensure that social and economic needs are balanced against environmental and aesthetic
concerns.
a. Environmental Plan
b. Economic Plan
c. Development Plan
d. Comprehensive Plan
178. A dead-end street that widens at the end creating a circular turnaround area.
a. ESCROW
b. CUL-DE-SAC
c. ESCHEAT
d. ADDENDUM
179. The legal document conveying title to a property.

a. CONTRACT
b. CUL-DE-SAC
c. DEED
d. PROPERTY TITLE
180. The transfer of title to real estate by will.
a. DEVISE
b. DEVISOR
c. DEVISEE
d. DEVICE
181 An improvement that intrudes illegally on another’s property.
a. PRECEDENT
b. ENCROACHMENT
c. DEVISEE
d. LACHES
182. A homeowner’s financial interest in a property. It is the difference between the fair market value of
the property and the amount still owed on its mortgage.
a. ESTATE
b. EQUITY
c. INTEREST
d. FMV
183. The ownership interest of an individual in real property. The sum total of all the real property and
personal property owned by an individual at the time of death.
a. ESTATE
b. EQUITY
c. INTEREST
d. FMV
184. The highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller,
willing but not compelled to sell, would accept.
a. HIGHEST AND BEST USE
b. MARKET VALUE
c. FAIR MARKET VALUE
d. MARKET PRICE
185. That possible use of land that would produce the greatest return and thereby develop the highest
land value. The optimum use of a site, as used in appraisal.
b. MARKET VALUE
d. MARKET PRICE
186. A nonprofit association that manages the common areas of a planned unit development (PUD) or
condominium project. In a condominium project, it has no ownership interest in the common elements. In
a PUD project, it holds title to the common elements.
a. CONDOMINIUM ASSOCIATION
b. PROJECT ASSOCIATION
c. HOMEOWNER ASSOCIATION
d. HOMEOWNERS’ ASSOCIATION
187. A defect in the chain of title of a particular parcel of real estate, a missing document or conveyance
that raises doubt as to the present ownership of the land
a. GAP
b. LIEN
c. DEFECT
d. DOCUMENT DEFECT
188. The fee charged for borrowing money.

a. ESTATE
b. EQUITY
c. INTEREST
d. FMV
189. The condition of a property owner who dies without leaving a valid will. Title to the property will pass
to his or her heirs as provided in the state law of descent.
a. JURAT
b. DEVISOR
c. LIEN
d. INTESTATE
190. A person signing a document swears before a notary that the information in the document is true and
correct and signs the document in the presence of the notary.
a. JURAT
b. DEVISOR
c. LIEN
d. INTESTATE
191. In law, the requirements established by prior court decisions.
a. PRECEDENT
b. ENCROACHMENT
c. DEVISEE
d. LACHES
192. A meeting in an announced public location to sell property to repay a mortgage that is in default.
a. PRIVATE AUCTION
b. PUBLIC AUCTION
c. AUCTION
d. PROPERTY AUCTION
193. A process of acquiring additional properties through refinancing properties already owned and then
reinvesting the loan proceeds in additional property.
a. PRECEDENT
b. ENCROACHMENT
c. PYRAMIDING
d. LACHES
194. The actual selling price of a property.
b. MARKET VALUE
d. MARKET PRICE
195. The highest price a ready, willing and able buyer would pay and the lowest price a ready willing and
able seller would accept neither being under any pressure to act.
b. MARKET VALUE
d. MARKET PRICE
196. That part of state law that requires certain instruments, such as deeds, real estate sales contracts and
certain leases, to be in writing to be legally enforceable.
a. STATE OF FRAUDS
b. FRAUDS
c. STATUE OF FRAUDS
d. STATUTE OF FRAUDS
197. A pledge of real estate instead of cash as security for bail.
a. SURETY BAIL BOND
b. PROPERTY BOND
c. REALTY BOND
d. SURETY BOND
198. An agreement by insurance or bonding company to be responsible for certain possible defaults, debts
or obligations contracted for by an insured party, used to ensure that a particular project will be completed
at a certain date or that a contract will be performed as stated.
a. SURETY BAIL BOND
b. PROPERTY BOND
c. REALTY BOND
d. SURETY BOND
199. The largest real estate professional organization in the world, representing all branches of the real
estate industry. Active members are allowed to use the trademark Realtor®.
a. NATIONAL ASSOCIATION OF REAL ESTATE PRACTITIONERS
b. NATIONAL ASSOCIATION OF REALTORS
c. NATIONAL ASSOCIATION OF CONSULTANTS
d. REALTOR®
200. A real estate broker or an associate who holds active membership in a local real estate board that is
affiliated with the National Association of Realtors®.
a. PRECEDENT
b. CONSULTANT
c. PRACTITIONERS
d. REALTOR®

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MODULE 5

REAL ESTATE CONSULTANCY

10. CPD means

36. May include macroeconomics analyses, microeconomics analyses, or a combination of both.

a. Alternative courses of action

48. Consultant’s ability:

51. Also called the specialist and generalist

57. “The Philippine consulting practice is not subject to licensing regulations.”

65. CPE is now CPD

85. To be a consultant how many years must be an experience broker?

87. AIPO stands for

89. USPRCP stands for

95. IPREC stands for

98. PRBRES stands for

124. The means by which title to real estate is transferred

136. The act or process by which a person procures property.

144. Delay or negligence in asserting one's legal right

150. only one broker is authorized to negotiate for the property.

b. Real Estate Services Provider

171. one who offers an opinion or suggestion as worth following

172. makes specialized recommendations

173. Real Estate consulting is not a discipline.

179. The legal document conveying title to a property.

188. The fee charged for borrowing money.

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