Compiled and updated by MLD

SET A MOCK EXAM REA

1. A duly registered and licensed natural person who works in a local government unit
and performs appraisal and assessment of real estate properties, including plants,
equipment, and machineries, essentially for taxation purposes.

a. Real estate appraiser d. real estate assessor

b. Real estate consultant e. real estate salesperson
c. Real estate broker

2. 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: (i) the acquisition, enhancement, preservation, utilization or disposition of
lands or improvements thereon; and (ii) the conception, planning, management and
development of real estate projects.

a. Real estate appraiser d. real estate assessor

b. Real estate consultant e. real estate salesperson
c. Real estate broker

3. A duly accredited natural person who performs service for, and in behalf of a real
estate broker who is registered and licensed by the Professional Regulatory Board of
Real Estate Service for or in expectation of a share in the commission, professional fee,
compensation or other valuable consideration.

a. Real estate appraiser d. real estate assessor

b. Real estate consultant e. real estate salesperson
c. Real estate broker

4. A duly registered and licensed natural person who, for a professional fee,
commission or other valuable consideration, acts as an agent in a real estate
transaction to offer, advertise, solicit, list, promote, mediate, negotiate or effect the
meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture,
or other similar transactions on real estate or any interest therein.

a. Real estate appraiser d. real estate assessor

b. Real estate consultant e. real estate salesperson
c. Real estate broker

5. A duly registered and licensed natural person who, for a professional fee,
compensation or other valuable consideration, performs or renders, or offers to perform
services in estimating and arriving at an opinion of or acts as an expert on real estate
values, such services of which shall be finally rendered by the preparation of the report
in acceptable written form.

a. Real estate appraiser d. real estate assessor

 Compiled and updated by MLD

b. Real estate consultant e. real estate salesperson

c. Real estate broker

6. In corporate practice of real estate service, there shall be at one license real estate
broker for every

a. 25 accredited salesperson d. 35 accredited salesperson

b. 20 accredited salesperson e. 40 accredited salesperson
c. 30 accredited salesperson

7. what is PRBRES

a. Philippine regulating board of real estate service

b. Philippine regulation board of real estate service
c. Philippine regulatory board of real estate service
d. Philippine regulatory board of real estate salesperson

8. Who is the Chairperson of PRBRES

a. Jose Arnold M. Tan d. Rafael M. Fajardo

b. Ofelia C. Binag e. Lovelika T. Bautista
c. Pilar M. Tores-Banaag

9. Who is the Chairman of PRC

a. Jose Y. Cueto d. Eduardo G. Ong

b. Yolanda D. Reyes
c. Teofilo S. Pilando

10. Refers to any natural or juridical person engaged in the business of developing real
estate development project for his/her own account and offering them for sale

a. Real estate person d. Real estate developer

b. Real estate development project e. Real estate consultant
c. Real estate dealer

11. Refers to an official in the local government unit, who performs appraisal and
assessment of real properties, including plants, equipment and machineries for taxation
purposes.

a. Valuer d. Local assessing operation officer

b. Appraiser e. Tax Mapper
c. Assessor
 Compiled and updated by MLD

12. Composition of the board of PRBRES

a. 1 chairperson and 3 members d. 1 chairperson and 4 members

b. 1 chairperson and 2 members e. 1 chairperson and 7 members
c. 1 chairperson and 5 members

13. For Real estate salesperson to be accredited by the board must at least meet the ff.
requirements of (2021_

a. at least high school graduate and 80 credit units of seminar and training
b. at least 1 year of college and 12 credit units of seminar and training
c. at least high school graduate and 12 credit units of seminar and training
d. at least 2 years of college and 8 credit units of CPD seminar

14. Any violation of RA 9464, including violation of IRR shall meted the penalty of a fine
of not less than______ or imprisonment of not less than______ upon discretion of the
court

a. 100,000.00 and 6 months

b. 50,000.00 and 2 years
c. 100,000.00 and 2 years
d. 100,000.00 and 1 year

15. In relation to question number 633. In case the violation is committed by an license
real estate service practitioner, the penalty shall be_______the aforesaid fine and
imprisonment

a. Tripled d. doubled
b. fivefold e. reclusion perpetua
c. one half

16.

17.

18.

19.
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20. The realty service practice can be performed by juridical persons, except: 8
a. Real estate salesperson d. Real estate consultant
b. Real estate broker e. All of the above
c. Real estate appraiser

21. The national integrated organization of natural persons duly registered and licensed
as real estate service practitioners
a. Accredited and Integrated Professional Organization
b. Professional Regulatory Board of Real Estate Service
c. Professional Regulation Commission
d. Philippine Association of Real Estate Practitioners
e. None of the above

22. Conducts licensure examinations for the practice of the real estate service
procession
a. Accredited and Integrated Professional Organization
b. Professional Regulatory Board of Real Estate Service
c. Professional Regulation Commission
d. Philippine Association of Real Estate Practitioners
e. None of the above

23. The minimum educational requirement for an applicant for a real estate broker’s
license is: (2021)
a. Holder of BSREM degree d. 108 units in college
b. 72 units in college e. 144 units in college
c. 82 units in college

24. A broker’s complaints for non-payments of commission by the developer shall be

filed with:
a. HLURB d. BTRCP
b. HUDCC e. Regular Court
c. NHMFC

25. A licensed real estate practitioner is qualified to be appointed as member of the

Professional Regulatory Board of Real Estate Service provided that prior to his/her
appointment, he/she has been an active licensed practitioner for at least:
a. Twenty years c. Five years
b. Fifteen years d. Three years e. Ten years

26. To constitute negligence or failure to disclose or ascertain to any person with whom
a broker is dealing relative to the property and within his knowledge at the time of the
transaction, what matters must the broker fail to disclose?
a. Previous owner of property or history of title
b. Fair market value of the property
c. Location, topography, and shape of property
d. Material fact, data or information
 Compiled and updated by MLD

e. Whether property is updated in tax payments

27. The scope of brokerage as follows, but not:

a. Authority to look for property
b. Engagement to look for a buyer
c. Procurement of insurance for properties secured by real estate 9
d. Procurement of loans secured by real estate
e. Procurement of tenants for rental properties

28. Any of these acts shall be grounds for revocation of license except:
a. Procurement of Certificate of Registration of real estate service practitioner by fraud
or deceit
b. Unprofessional or unethical conduct
c. Allowing an unqualified person to practice the profession by using one’s certificate of
registration
d. Non-payment of dues
e. Misleading ads

29. Under the Code of Ethics, the following is considered ethical:

a. Negotiate a property listed directly with the owner if the listing broker goes out of town
for a few days and cannot be contacted
b. Should cooperate with other brokers on property listed provided they are members of
any national real estate broker’s association
c. Use the services of the salesman of another broker provided the salesman is paid the
agreed upon commission
d. Willingly share with other brokers the lessons from his experience and study

30. The national integrated organization of natural person duly registered and license as
real estate service practitioner
A. Philippine association of real estate practitioner
B. Philippine realtors board
C. Philippine regulation commission
D. Accredited and integrated professional organization
E. All of the above

30. Any of these acts shall be ground for revocation of license except.
A. non payment of dues
B. engaging in the practice of the profession during the period of ones suspension
C. unprofessional or unethical
D. allowing an unqualified person to practice the profession by using ones certificate of
registrations

31. Realty service practice can be performed by juridical persons except

a. real estate consultant
b. real estate broker
 Compiled and updated by MLD

c. real estate appraiser

d. real estate sales person
e. all of the above

32. What should be indicated by the broker in his letterhead, dry seal, sigh board,
advertisement or other announcement in relation to real service practice
a. price of the property
b. address of the owner
c. ptr number
d. license number
e. house number

33. Real estate broker must not encourage the following act when with a sale
transaction to help the client reduce cost
a. undervalue the amount in the deed of sale
b. pay to BIR where the property is located
c. pay the proper taxes on time
d. register immediately the sale with the ROD
e. pay the taxes on sale on time

34. The following acts are unethical except

a. delaying submission of formal offer that he had received from a prospective buyer in
the hope of securing a higher offer
b. keeping a special bank account, separate and distinct from his own funds, for
all monies received in trust for other persons such as clients money and similar
items
c. disclosing the client confidential personal information to a fellow broker in order to
facilitate the sale of the client
d. encouraging the parties to a sale to indicate a consideration lower than the actual
selling price

35. Renewal of professional id card of resp

a. every year
b. 2 years
c. 3 years
d. 4 years
e. 5years

36. Minimum requirement for applicant for real estate broker exam is
a. 80 units in college
b. 60 units in college
c. Holder of vocational
d. BS REM degree
e. High school graduate
 Compiled and updated by MLD

37. Real estate broker is usually authorized to the following acts except
a. advertise the listing
b. look for the property
c. bind the principal in the contract
d. place for sale sign in the property
e. cooperate with other broker

38. Real estate practitioner to be appointed as member of the PRBRES provided that
the prior his appointment he has been active for at least
A. 5 years
B. 20 years
C. 15 years
D. 10 years
E. 25 years

39. Real estate service practitioner consist of the following except

A. real estate sales person
B. real estate assessor
C. real estate appraiser
D. real estate broker
E. real estate dealer

40.

41. The following subject in the real estate broker exam licensure exam except
a. property management
b. subdivision development
c. real estate laws and taxation
d. fundamentals of property ownership
e. code of ethics and responsibilities

42. Act as agent of a party in a real estate transaction to offer, solicit, list, promotes.
Mediate, negotiate or effect the meeting of the minds on the sale, purchase, exchange,
mortgage, lease or joint venture or other similar transactions in real estate or any
interest therein
A. real estate consultant
B. real estate appraiser
C. real estate assessor
D. real estate broker
E. real estate sales person

43. The board may reinstate any revoked certificate of registration

 Compiled and updated by MLD

A. for reasons deemed proper and sufficient

B. upon application and compliance with the require CPE
C. after the expiration of 2 years from the date of revocation
D. none of the above
E. all of the above

44. Following are restriction of property rights except

A. zoning
B. escrow
C. taxation
D. escheat

45. The best evidence of ownership is

a. Tax declaration d. Vicinity map
b. Torrens title e. None of the above
c. Technical description

46. Refers to the compulsory successional rights granted by the law and the same
cannot be taken by anybody except when alienated during the lifetime of the testator
with consideration
A. Legitime d. intestate
B. Succession e. hier
C. testate

47. Immovable or real property in favor the easement is established

A. servient estate d. fixture
B. dominant estate e. legitime
C. land estate

48. Immovable or real property subjected to the easement established

A. servient estate d. fixture
B. dominant estate e. legitime
C. land estate

49. Buyers who paid installment of less than 2 years are also protected by the Maceda
law and entitled to a grace period of___days from the added their installment become
due and demandable
A. 30 days d. 15 days
B. 20 days e. 25 days
C. 60 days

50. Maceda , how many times the can the buyers exercise his rights
A. once every 10 years d. once every 3 years
B. once every 2 years e. none of the above
C. once every 5 years
 Compiled and updated by MLD

51. Anything which is or maybe the object of appropriation

A. Tax d. asset
B. Equipment e. real estate
C. property

52. Real properties used for family homes or house and lot where the family resides 13

A. life estate d. real estate

B. fee tail e. remainder
C. homestead estate

53. Doctrine which reserve to the state the full ownership of all natural resources or
natural wealth that may be found in the bowels of the earth.
A. public domain d. regalian doctrine
B. res allicujos e. stewardship principle
C. res alienate

54. Right to the state to en act laws and enforce them for the safety, order, health,
morals and general welfare of the public
A. Escheat d. eminent domain
B. police power e. taxation
C. zoning

55. Power of the state to imposed and collect takes and other charges on real estate
A. Escheat d. eminent domain
B. police power e. taxation
C. zoning

56. Reversion of privately owned properties in favor of the state upon the death of the
owner who is not survived with any heir
A. escheat
B. police power
C. zoning
D. eminent domain
E. taxation

57. Power of the state to take private property for public use upon payment of just
compensation
A. Escheat d. eminent domain
B. police power e. taxation
C. zoning

58. Refers to the used of restrictions of a particular areas or delineation of allowable

areas for use
A. Escheat d. eminent domain
B. police power e. taxation
 Compiled and updated by MLD

C. zoning

59. Under the phil constitution that every property owners are bound to used or utilized
their lands in a manner that will promote welfare and benefits not only for themselves
but also for the state
A. public domain d. regalian doctrine
B. res allicujos e. stewardship principle
C. res alienate

60. Owner of the property adjoining or abutting the bank of river

A. Avulsion d. land owner
B. Accession e. land lord
C. riparian owner

61. Property owned by the state in its proprietary or private capacity which is not
devoted to public used or public service and the development of national wealth
A. public domain d. regalian doctrine
B. res allicujos e. stewardship principle
C. patrimonial property

62.. Any and unknown deposit of money, precious object or jewelry and the lawful
ownership thereof is unknown. Its ownership belongs to the land
A. yamasita treasure d. alluvium
B. hidden treasure e. minerals
C. accession

63. System of land registration by which the title is recorded becomes indefeasible,
absolute and imprescriptible
A. Torres system d. Tax declaration
B. Allen system e. Bonds
C. Torrens system

64. The absence of marriage settlements, or when the regime is void what system shall
govern
A. co ownership d. extra judicial
B. judicial settlement e. capital property
C. absolute community of property

65. Exclusive property brought by the husband to the marriage as his own.
A. co ownership d. extra judicial
B. judicial settlement e. capital property
C. absolute community of property

66. Exclusive property brought by the wife to the marriage as his own.
A. co ownership d. extra judicial
B. Paraphernal property e. capital property
 Compiled and updated by MLD

C. absolute community of property

67. Right of common dominion which two or more persons have in spiritual part of the
property or thing which is not physically divided
A. co ownership d. extra judicial
B. Paraphernal property e. capital property
C. absolute community of property

68. Increase in value of real estate without any effort or expense of the owner
A. avulsion
B. accession
C. adhesion
D. erosion

69. Acquisition of alienable land of the public domain by homestead patent, free patent,
sales patent, government awards
A. private grant
B. inheritance
C. involuntary grant
D. public grant

70. The process by which the current of the river, creek or torrens segregated from the
estate a known portion and transfer it to another estate
A. reclamation
B. accretion
C. avulsion
D. alluvium

71. The right of an owner-lessor to receive the contract rent and reversion of the
property at the end of the lease is called:
a. Fee simple c. Leasehold
b. Lease fee estate d. Net lease e. None of the above

72. A legal provision which requires agreement for the sale of real estate to be in writing
and subscribed to by the parties to be enforceable by action
a. Defeasance clause d. Parole clause
b. Statute of Fraud e. Enforceability clause
c. Evidentiary clause

73. Real property consists of

a. Rights in realty
b. Land and all improvements thereon
c. The right to use or occupy real estate
d. Single-family residences
 Compiled and updated by MLD

74. Real property includes

a. Any and all buildings on the subject site
b. All interests, benefits, and rights inherent in the ownership of real estate
c. The physical land and appurtenances affixed to the land
d. Property that is not artificial

75. What are the considerations in determining whether something attached to real
property is a fixture?
a. method by which the item is attached; adaptability of the item for the land’s ordinary
use
b. relationship of the parties; intention of the person in placing the item in the land
agreement of the parties
c. both a and b
d. none of the above

76. The highest form of real property ownership is

a. homestead estate
b. leasehold estate
c. fee simple
d. life estate

77. Jackfruit that fell on the ground are

a. ordinarily real estate c. both of the above
b. ordinarily personal property d. none of the above

78. A deed should be recorded because

a. Recording gives public notice of the transaction and sets the priority
b. It is required by law
c. Title does not pass until the deed is recorded
d. Recording makes the deed a legal document

79. The addition to the land through processes of nature, such as deposits of soil
carried by streams.
a. avulsion c. alluvium
b. accretion d. usufruct

80. The sudden removal of land from one parcel to another when a body of water, such
as a river, abruptly changes.
a. Avulsion c. alluvium
b. Accretion d. usufruct
 Compiled and updated by MLD

81. The soil gradually deposited by the process of accretion, usually considered to
belong to the owner of he land to which it is added.
a. avulsion c. alluvium
b. accretion d. usufruct

82. Land is unique because

A. No two parcels have the same soil composition
B. No two parcels have the same owners
C. No two parcels have the same tax levies
D. No two parcels can occupy the same space on the face of the earth

83. The supply of land is

A. Increasing all the time c. Infinite
B. Established by the surveyors d. Finite

84. The concepts of land are

A. Land is immobile, durable, finite and useful
B. Social, economic, governmental and legal, geographic and environmental
C. Land, labor, capital, and entrepreneurialism
D. Leasehold, leased fee, and fee simple

85. Knowledge of land value is required for all of the following except
A. property taxation c. fire insurance
B. a ground lease d. a grazing lease

86. Real estate is

A. The rights in realty
B. The physical land and appurtenances affixed to the land
C. What transfers on the day of closing
D. The "bundle of rights"

87. Items that are built to be permanent and intended to be included with real property
are
A. Trade fixtures c. Personal property
B. Real estate d. Chattel fixtures

88. The terms “real estate” and “real property”:

A. Mean exactly the same thing in all cases
B. Are defined to refer to the physical land and the bundle of rights respectively
C. Are both important concepts in appraisal
D. Both (b) and (c)
 Compiled and updated by MLD

89. The value most commonly sought in real estate appraisals is

A. Investment value c. Insurable value
B. Value in use d. Market value

90. The four agents of production are

a. Land, labor, capital, improvements d. Land, improvements, labor, materials
b. Land, labor, capital, entrepreneurship
c. Land, labor, capital, money

91. The value of improved residential real estate is most influenced by

a. Passage of time
b. Brokers opinions of the value of properties
c. Changes in shopping patterns for consumers of goods and services
d. Cost of` construction increases

92. Real property has value because a

a. It is nearby c. It is desirable
b. It is popular d. It provides future benefits

93. When real property is sold by one person to another, the amount of money used to
compensate the seller is called
a. The cost of the real property c. The price of the real property
b. The value of the real property d. The income of the real property

94. A single- family home owner who builds a new and unique structure will commonly
find that
a. The uniqueness will cause the market to like it and pay more for it
b. Properties that do not conform to the popular designs will sell for more
c. By definition, uniqueness means that fewer people will want to bu y it
d. The market will pay as much for this property as any other because of its unique
nature

95. When demand for housing increases, the supply

a. Increases immediately c. Is unaffected
b. Increases slowly d. Will diminish

96. Overproduction of new homes

a. Causes oversupply and lower prices
b. Causes increases in demand
c. Causes prices to increase
d. Causes the market to move toward a state of equilibrium

97. The city planning department indicated a vacant residential lot located in the flood
zone cannot be given a building permit. This site
a. Has lost nearly all utility c. Has lost all desirability
b. Has become scarce d. Has lost any effective purchasing power
 Compiled and updated by MLD

98. Demand for real estate may be affected by

a. Increasing population and employment c. Increases in purchasing power
b. Availability of mortgage financing d. All of the above

99. A less expensive house tends to gain in value because of more expensive
neighborhood houses because of
a. Progression Principle c. Both of the above.
b. Regression Principle d. None of the above.

100. A good’s capacity to satisfy human desires or needs is known as

a. Creative demand c. Functional obsolescence
b. Utility d. Effective demand