REB Mock Exam Part 2

Prepared and Updated by Miguelle L.
Dela Fuente
With suggested answers from group of brokers and appraisers
REB Mock Exam
1. The survey comprising all classes of surveys of isolated parcels of land used for
agricultural, residential, commercial resettlement or other purposes is
_______________.
A. Geodetic Control Survey

B. Private Land Survey
C. Isolated Survey
D. Cadastral Survey
2. The extensive survey made to determine the metes and bounds within the
entire municipality or city for land registration and other purposes is __________.
A. Topographic Survey
B. Relocation Survey
C. Cadastral Survey
D. Public Land Subdivision
3. The survey conducted over a parcel of land in order to determine the contour,
terrain and elevation of the said land is a _________________.
C. Cadastral Survey
4. The survey conducted over a parcel of land in order to identify and re-establish
the boundaries of the said land in accordance with the technical descriptions
inscribed in the certificate of title or approved plans is a ________________.
C. Cadastral Survey
5. The lines in topographic map which indicate the elevation of the terrain at
various sections of the land are ___________________.
A. Azimuth lines
B. Elevation lines
C. Contour lines
D. Long and Curve Lines
Prepared and Updated by Miguelle L. Dela Fuente
6. All original surveys covering alienable and disposable lands which have not
been subjected to private rights nor devoted to public use pursuant to the
provisions of public land laws shall refer to ___________.
A. Public Land Subdivision
B. Private Land Surveys
C. Public Land Surveys
D. Cadastral Surveys
7. Which is not a cardinal direction in map reading?

A. North b. North-East c. East d. South
8. Which is not one of the classifications of Isolated Land Surveys?

a. Public land Surveys c. Government Land Surveys
b. Private Land Surveys d. Conversion Surveys
9. Which is not one of the Reference Monuments?

a.Provincial Boundary Monuments c.Municipal Boundary Monuments
b.Barrio Boundary Monuments d.Barangay Boundary Monuments
10. Indicate the survey symbol of the following:
i. Resurvey
a. Rs
b. Rsrvy
c. Ry
d. Rsrv
ii. Group Settlement Surveys

a. Gss
b. Grs
c. Gssrv
d. Gssrvy
iii. Segregation Surveys

a. Sgs
b. Ss
c. Ssrv
d. Ssrvy
iv. Public Land Subdivision

a. Pls
b. Plsd
c. Plsbd
d. Plsub
v. Homestead
a. H
b. Hmtd
c. Hmstd
d, Hd
vii. Free Patent

a. F
b. Fp
c. FPt
d. Frp
viii. Sales Application: Individual

a. Si
b. Sai
c. Sain
d. Sapi
ix. Sales Application: Corporation

a. Sc
b. Sac
c. Saco
d.Sapc
x. Foreshore Lease Application: Individual

a. Fli
b. Flai
c. Flapi
d. Fleapi
11. Subdivision and or Consolidation of untitled or undecreed property:
i. Subdivision
a. Cad
b. S
c. Sub
d. Subd
ii. Consolidation
a. Ccn
b. C
c. Con
d. Cdn
iii. Consolidation and Subdivision

a. Ces
b. Cas
c. Cs
d. Consub
12. Subdivision and or Consolidation of titled or decreed property:
i. Subdivision
a. Psd
b.Ps
c. PSub
d. PSubd
ii. Consolidation
a. Pcn
b.Pc
c. PCon
d. PCdn
iii. Consolidation and Subdivision

a. Pcs
b. Pcas
c. Pcsub
d. Pconsub
13. How much of the distributable income of a REIT should be given as annual
dividends to its stockholders? (a) 70%; (b) 80%; (c) 90%; and (d) 95%
14. What is the minimum number of shares that all public stockholders of a REIT
should hold? (a) 1; (b) 20; (c) 50; and (d) 100
15. What is the minimum number of public stockholders that a REIT should have?
(a) 500; (b) 1,000; (c) 1,500; and (d) 2,000
16. What is the ceiling of executive compensation that should be given as annual
pay of all directors and principal officers of a REIT in relation?
(a) 10% of the net income before tax;

(b) 15% of the net income before tax;
(c) 1% of the gross income; and
(d) 2% of the gross income ?
17. What is the ceiling of fees that should be paid to fund and property managers
of a REIT?
(a) 1% of the net asset value of assets under their management;
(b) 3% of the net asset value of assets under their management;
(c) 1% of the gross income; and
(d) 2% of the gross income
18. What is the limit of investments of income generating real estate outside of the
Philippines that a REIT can undertake in relation to its deposited property?
(a) Not more than 30% ;
(b) Not more than 40%;
(c) Not more than 50%; and
(d) Not more than 60%
19. A REIT has a governing board composed of 11 directors. How many of these
11 directors should be independent?
(a) 1; (b) 2; (c) 3; and (d) 4
20. What is the minimum paid up capital of a REIT?

(a) P100-million; (b) P200-million; (c) P300-million; and (d) P400-million
21. By how much of the deposited property of a REIT should be invested in

income generating real estate?
(a) 65%; (b) 70%; (c) 75%; and (d) 80%
22. What is the minimum number of years of good track record from date of
acquisition that a real estate should be considered as an allowable investment of a
REIT? (a) 3; (b) 4; (c) 5; and (d) 6
23. Synthetic investment products are derivatives and other securities created
exclusively out of one or more financial instruments to simulate the returns of the
underlying assets or indices. By how much of the investible funds should be
allocated by a REIT on these synthetic investment products?
(a) Not more than 1%;
(b) Not more than 3%;
(c) Not more than 5%; and
(d) Not more than 7%
24. In real estate brokerage, the owner is the principal while the real estate broker
is referred to as
a. Principal
b. Fiduciary Agent
c. Salesman
d. Coordinator
e. Agent
25. The following information may not necessarily be included in the Authority to
Sell
a. Name of the Owner d. Address of the property
b. Shape of the property e. Validity of the ATS
c. Area
26. The following is not a function of a Real Estate Broker

a. To sell the house and lot of the owner
b. To assist the buyer in securing a loan
c. To notarize the Contract to Sell
d. To find a developer for joint venture
e. To assist the buyer during ocular inspect
27. Real Estate Service Practitioners include:

a. Real Estate Consultant d. Real Estate Salespersons
b. Real Estate Brokers e. All of the Above
c. Ral Estate Appraisers
28. To be entitled to a professional fee, the real estate broker must

a. Find a sales associate d. Be registered with DTI
b. Be the procuring cause e. Post the advertisement on facebook
c Find a cash buyer
29. The sharing of the professional fee between brokers should be:
a. Equal sharing d. As agreed between the brokers
b. As agreed with the owner e. As agreed with the downlines
c. As agreed with the buyer
30. The first step in Real Estate Brokerage is:

a. To bless the office d. To go ocular inspection with clients
b. To organize sales group e. To check documents of the client
c. To secure property listing
31. Ms & Mrs Tan gave an authority to REB Santos to sell their Ladislawa lot and
gave another authority to REB Cruz and another one to REB Perez. This kind of
authority is referred to as:
a. Exclusive Listing d. Multiple Authority to Sell
b. Oral Listing e. Limited Authority
c. Open Listing
32. In a real estate transaction the broker gets a

a.. Profit d. Honorarium
b. Dividend e. Stipend
c. Professional Fee
33. A provision in the listing agreement which stipulates that the broker is entitled
to the commission if the subject property, within a certain period after the lapse of
the period of authority, is ultimately old to a prospective buyer that was registered
by the broker with the owner within the period of authority
a. Holdover Clause d. Memorandum of Understanding
b. Extension of time e. Contract to Sell
c. Authority to Sell
34. Mr Pascual told his broker to sell his condo unit and he promised to give 5%
professional fee but no authority in writing was given. The authority is
a. Valid d. A scam
b. Voidable e. Not valid
c. Null and Void
35. Ms. Angela Santos passed the broker's exam and got her license. She must
pay her professional tax to:
a. Bureau of Internal Revenue d. HLURB
b. Department of Justice e. PRC
c. City Treasurer's Office
36. Mr. Cock Roach asked his broker Ms Jinkee to assist him acquire a house, this
type of agency is called
a. Exchange Agency d. Manpower Agency
b. Purchase Agency e. Lease Agency
c. Sales Agency
37. A person, natural of juridical who is engaged in the trade of leasing his own
real properties with the purpose of generating profit is a
a. Real Estate Trader d. Real Estate Consultant
b. Real Estate Dealer e. Real Estate Businessman
c. Real Estate Broker
38. The following are good qualities of a Real Estate Service practitioner, except:
a. Emphatic d. Flexible
b. Intelligent e. Trustworthy
c. Over-confident
39. Only the following can be a Licensed Real Estate Broker

a LPG Realty d ABC Realty & Devt Corporation
b Mr. Jose delos Santos e Ed Sheeran
c Eagles Division
40. Professional fee is due and demandable

a. Upon payment of res. fee d. Upon transfer of title to the buyer
b. Upon submission of documents e. Upon signing of reservation agreement
c. Upon consummation of the contract
41. It is defined as the land and / or building or other improvements permanently

attached to land including the rights and interests thereon.
a. Real Estate d. Property Inheritance
b. Collateral e. Real property ownership
c. Landholding
42. The following is not really a part of the steps in real estate brokerage
a. Presentation/Demonstration d. Securing Listing
b. Registration e. Turnover of Possession
c. Negotiation & Consummation
43. ZBD Realty Corporation is selling its property at San Pedro Street, Davao
City. Mr. Bean, the General Manager was tasked to represent the company in the
transaction. He needs the following to protect his authority:
a. Notarized listing authority
b. Board Resolution from the company affirming his authority as
representative
c. Articles of Incorporation & By-Laws
d. Signature of the Chairman of the Board
e. His 201 file from HRD
56. Real Estate as a business refers to the following, except

a. Leasing d. Financing
b. Buying e. Baking
c. Selling
57. A duly accredited natural persons who performs service for and in behalf of a
real estate broker
a. Real Estate Consultant d. Real Estate Salesperson

b. Real Estate Appraiser e. Real Estate Dealer
c. Real Estate Assessor
58. A duly registered and licensed natural person who works in a local
government unit and performs appraisal and assessment of real properties
including plants, equipment and machineries essentially for taxation purposes
59. A natural or juridical person who for and in expectation of a fee, compensation
or other valuable consideration offers or renders professional advice on the
conception, planning and development of realty projects
60. Any person, natural or juridical, who is an agent of another person and for and
in expectation of a fee or other valuable consideration effects the meeting of the
minds of both parties on the sale, purchase, exchange, mortgage, lease or joint
venture or other transactions in real estate
c. Real Estate Broker
61. After agreeing on the final price, the buyer gave earnest money to the seller.
The earnest money shall be considered
a. Part of the Purchase Price d. Downpayment
b. Not part of the Purchase Price e. Option Money
c. Reservation fee
62. An agreement wherein the consideration of a contract, or a portion thereof, is

entrusted to a third party in a sale transaction
a. Option Contract d. Contract to Sell
b. Listing Agreement e. Earnest Money Agreement
c. Escrow Agreement
63. The authority of the Real Estate Broker and his contract with the owner to
negotiate the sale, lease, purchase, exchange or mortgage of the real estate
property at the price, terms and for a fee or any valuable consideration specified
in the authority within a stated period
a. Option Contract d. Contract to Sell
b. Listing Agreement e. Earnest Money Agreement

c. Escrow Agreement
64. It refers to the compensation / remuneration and/or payment for the service
rendered by the real estate broker
a.. Professional Fee d. Honorarium
b. Talent Fee e. Dividend
c. Reservation Fee
65. Which of the following are modes of terminating an agency

a. By accomplishment of the purpose;
b. By expiration of the period for which the agency was constituted;
c. By revocation;
d. By mutual agreement
e. All of the above
66. Mr Patrick de Jesus is setting up a realty company to market the newest

subdivision project in Davao City. Mr De Jesus should make sure that his
salespersons are :
a. Duly accredited with PRC d. Duly accredited with PDIC

b. Duly accredited with DTI e. Duly accredited with PNOC
c. Duly accredited with HLURB
67. It is given to landowners whose properties were covered under the

Comprehensive Agrarian Reform Program (CARP) pursuant to R.A. 6657 and
means the equivalent for the value of the property at the time of its taking.
A. Disturbance Compensation
B. Just Compensation
C. Retention
D. Right of Redemption
68. Which of the following statement is incorrect?

A. The tenant’s right of pre-emption may be exercised within 180 days from notice
in writing, which shall be served by the owner on all lessees affected and the DAR
B. The right to retain a maximum of five (5) hectares of agricultural landholding
can be exercised by both natural and juridical persons
C. Presidential Decree No. 27 only covers tenanted rice and corn lands
D. Conversion is needed for properties re-classified prior to June 15, 1988.
Broker’s Note. D. Incorrect. As per RA 6657, conversion of. land to non-

agricultural uses can be approved from the date of its effectivity on June 15, 1988.
This means, all lands are already classified before 15 June 1988 no longer need
any conversion clearance
69. Under R.A. No. 3844, the following are causes for terminating leasehold
relation, EXCEPT:
A. Voluntary surrender
B. Abandonment
C. Death or permanent incapacity of the agricultural lessee (tenant)
D. Absence of an heir to succeed the agricultural lessee
(Source: Sec. 8 RA 3844 Code of Agrarian Reform)
70. Mr. Santos owns the following landholdings:

5 hectares devoted to coconuts with no tenant
500 sq. m. in Juna Subdivision
2 hectares granted by DAR to be converted to raising of poultry
5 hectares actually, directly and exclusively used as fishponds
How many hectares, if any, can be covered under CARP?
A. None
B. 5 hectares
C 7 hectares
D. 12 hectares
E. 12.0500 hectares
Note: Retention is 5 hectares. covered areas is 1,000 hectares
71.. What are the two (2) requisites before a Certificate of Land Ownership Award
(CLOA) can be sold?
A. Lapse of 10 years from registration and full payment of amortization
B. Lapse of 5 years from registration and full payment of amortization
C. Full payment of amortization and certification that the property is not subject of
a pending case
D. Certification that the property is not subject of a pending case and lapse of 10
years from registration
72. A tenant is entitled to the following, EXCEPT:

A. Security of tenure
B. Homelot
C. Retention
D. Right of redemption
Basis: Sec. 22 RA 1199 Agricultural Tenancy Act of of the Philippines, Aug 30,
1954
73.If a landowner wants to convert his 50,000-square-meter agricultural

landholding to residential, where will he file his application for conversion?
A. Land Use Cases Division (LUCD) of the Bureau of Agrarian Legal
Assistance (BALA) –formerly Center for Land Use Policy Planning and
Implementation (CLUPPI)
B. Special Agrarian Court (SAC)
C. Regional Land Use Cases Committee (RCLUCC) – formerly Regional Center
for Land Use Policy Planning and Implementation (RCLUPPI)
D. Department of Agrarian Reform Adjudication Board (DARAB)
74. What is the maximum area that can be awarded to a beneficiary of CARP?
A. 5 hectares
B. 2.5 hectares
C. 3 hectares
D. 7 hectares
75. The application for conversion of Mr. Reyes was granted by DAR, allowing his
3-hectare agricultural land to be used as memorial park. However, he developed
the said landholding into a fishpond. By doing so, Mr. Reyes can be held liable for:
A. Illegal conversion
B. Unauthorized conversion
C. Premature conversion
E. All of the above
76. Which of the following landholdings are beyond the scope of CARP?
A.Lands retained by landowners pursuant to PD 27
B. Lands devoted to raising of livestock, swine, and poultry
C. Lands with 18% slope or over and not developed as of June 15, 1988
D. All of the above
77. The owner wants net proceeds of P1,750,000.00 exclusive of capital gains tax,
documentary stamp tax and 5% brokers commission. How much would be the
selling price so that broker can maintain his 5% commission?
A. P2,000,000. 00
B. P1,980,000. 00
C. P1,968,750. 00
D. P1,750,000.00
CGT = 6%, DST = 1.5%, Comm = 5%, Total = 12.5%

Solution: 1,750,000 x 1.125 = 1,968,750
78. Mr. Reyes sold his property at P5,000,000.00 inclusive of capital gains tax,
documentary stamp tax and broker's commission of 5%. What will be his net
proceeds after deduction of expenses?
A. P3,875,000.00
B. P4,250,000.00
C. P4,375,000.00
E. P4,455,000.00
CGT = 6%, DST = 1.5%, Comm = 5%, Total = 12.5%

Solution: 5,000,000 / 1.125 = 4,444,444
79. The DST for the Donor’s tax shall be paid on:
A. After 20th day of the following month from notarization of deed
B. After 10th day of the following month from notarization of deed
C. After 5th day of the following month from notarization of deed
D. None of the above
Broker’s Note: Donors Tax shall be filed within thirty (30) days after the date of
donation is made
80. A deduction the maximum of which is P1,000,000 but the amount claimed may
be less than maximum.
A. Family home
B. Vanishing deduction
C. Standard deduction
D. Medical expenses
81. Mr. Almeda, unmarried, left a house and lot to his parents, which he shared
with them while still alive. He acquired the property for P750,000. The property
qualifies as family home.If at the time of Mr. Almeda’s death, the property has a
fair market value of P1,500,000, the amount that should properly be included as
part of the gross estate is:
a. P1.5M b. P750,000 c. P1M d. P 0
82. From the same problem above, the deduction that may be claimed is:
a. P1.5M b. P750,000 c. P1M d. P 0
83. In the sale of principal residence and exemption thereof, the following shall be
exempted to the seller:
A. CGT
B. CGT and DST
C. DST
D. VAT
84. An owner will rent out a residential apartment this 2021 and will be exempted
from VAT provided the monthly rent does not exceed: 2021 update, not exceed
A. P15,000
B. P10,000
C. P12,800
D. P12,000
85. The amount of exempted CGT in the sale of principal residence shall be:
A. Held by the taxpayer until a new residence is bought
B. Deposited in the account of the seller
C. Put in escrow
D. A tax credit for the seller
86. The following does not have a BIR zonal value:

A. Condominium unit
B. Agricultural land
C. Condominium parking space
D. Building improvements
87. The creditable withholding tax rate for a house and lot sold for P1,800,000 by
developer who is habitually engaged is:
A. 0%
B. 1.5%
C. 3%
D. 5%
88. The owner of a house and lot sold the property owned by him and rented out
to foreigners in the business of leasing in the amount of P4,500,000. The rate of
tax on the sale shall be:
A. 1.5%
B. 3%
C. 5%
D. 6%
89. A real estate broker will be earning a total professional fee in the amount of
P2,500,000, inclusive of VAT. How much will be the net amount to be received by
the broker after deducting the withholding tax if the broker had reported his income
would go beyond P720,000 for the year?
A. P2,250,000
B. P2,008,929
C. P1,897,321
D. P2,125,000
Broker’s Note and Solution: Beyond 720,000 is 15%, and VAT is 12%
Solution: 2,500,000 / 1,12 = 2,232,142.86 vatable
2,232,142.86 /1.15 = 1,940,993.788 net of all taxes
1,94099.788 x 1.12 =2,173,913.043 net com inclusive of VAT
90. The DST for deed of real estate mortgage pursuant to the provisions of RA No.
7660 is: (N.B. 2021 update)
B. P15 for every P1,000 of the mortgage amount
C. P10 for every P1,000 of the mortgage amount
D. P40 for the first P5,000 of the mortgage plus P20 for every P5,000
thereafter
E. P20 for the first P5,000 of the mortgage plus P10 for every P5,000 thereafter
91. Mr. Juan dela Cruz received a down payment of P2,400,000.00 for his
property sold at P3,600,000.00. The balance was secured by REM (real estate
mortgage) with the same property, payable in one (1) year. In order to register the
transaction, compute the documentary stamp tax, as follows: Documentary stamp
on mortgage. 2021 update.
A. P2,510
B. P2,410
C. P2,310
D. P4, 820
Our Solution:
Given
TCP = 3,600,000
Downpayment = 2,400,000
Loanable amount = 1,200,000 basis for DST mortgage
BIR Basis 2021: P40 for the first P5,000 of the mortgage plus P20 for every
P5,000 thereafter
Solution:1st P 5,000 = 40
P5,000 thereafter = ?
1,200,000 – 5,000 = 1,195,000 / 5,000 = 239 x20 = 4,780
Total DST in real estate mortgage payable 2021=?

40 + 4,780 = 4,820.
92. Mr. Cruz was the lessor of 25 units of residential apartments with equal rental
payments and made a total annual gross receipts of P2,700,000.00 for the year
2021. How much is the value added tax for the year? (N.B. Updated 2021)
A. P245,454.55
B. P289,285.71
C. P378,000.00
Our Solution :
2,700,000 / 25 / units = 108,000 per unit per year / 12 month = 9,000 per unit per
month
BIR Basis: RR 13-2018
Lease of residential units with a monthly rental per unit exceeding P 15,000 but the
annual aggregate of such rentals during the year does not exceed P 3M shall be
VAT exempt.
Monthly rental per unit = 9,000 exempt from VAT

Annual aggreagate = 2,700,000 = exempt from VAT
93. Jake and Rosie sold their house which is their principal residence. You as their
broker have to advice them the transaction is exempt from the capital gains tax if
they spend how many percent of the sales proceeds in acquiring or constructing
their new principal residence?
A. 100%
B. 75%
C. 50%
D. 60%
Broker’s Note: BIR Basis: RR 14-00
94. Your friend Gary has just closed the sale of his 930 sq. m. commercial lot in
Shaw Boulevard. The Selling price agreed upon is P25,000 sq. m. You have to
advise your friend – who has agreed to pay the capital gains tax and documentary
stamps tax – to request for two manager's checks for payment of these taxes.
What amounts would he indicate for the capital gains tax and the documentary
stamps tax? The current BIR zonal valuation of the lot is P30,000 per sq. m.
A. Capital Gains Tax = P1,674,000.00 Documentary Stamps Tax =
P418,500.00
B. Capital Gains Tax = P1,395,000.00 Documentary Stamps Tax = P348,750.00
C. Capital Gains Tax = P1,674,000.00 Documentary Stamps Tax = P418,500.00
D. Capital Gains Tax = P1,395,000.00 Documentary Stamps Tax = P418,500.00
Broker’s Note: which is higher: selling price or zonal value. In this case, zonal
value of 30,000 is the basis for tax computation, CGT 6%. DST 1.5%
95. In case of false or fraudulent estate, donor or capital gains tax BIR form was
willfully made, how much surcharge based on the taxes or deficiency shall be
imposed?
A. 20%
B. 30%
C. 25%
D. 50%
96. The study of animals and plants in relation to their habitat is called ________.
A. autoecology
B. ecology
C. biology
C. synecology
97. Sea anemones contain venom that is used to sting and paralyze their prey.
The clownfish contains an enzyme in their scales that makes them immune to
venom. This allows them to freely live in the sea anemone without being harmed.
This is an example of what type of relationship?
A. Predator-prey
B. Commensalism
C. Mutualism
D. Parasitism
98. These are organisms that can’t make their own food and must feed on other
organisms.
A. Autotrophs
B. Decomposers
C. Heterotrophs
D. Pathogens
99. Where a population lives.

A Biomes
B. Habitat
C. Species
D. Niche
100. The source of all energy is ____________.

A. The Son
B. the sun
C. the supreme being
D. matter
101. Philippine typhoon that caused the greatest damage in terms of cost is
___________.
A. Yolanda
B. Ondoy
C. Glenda
D. Pablo
102. Philippine typhoon that caused the greatest damage in terms of cost known
by its international name as Haiyan is ___________.
A. Yolanda
B. Ondoy
C. Glenda
D. Pablo
103. Autoecology deals with the study of the individual organisms, its life history,
behavior, characteristics, and its adaptation to the environment is also called
___________.
A. community ecology
B. population ecology
C. ecology
D. synecology
104. Defined as a group of organisms which can interbreed and produce a

successful offspring is :
A. organelles
B. species
C. population
D. community
105. A relationship between two organisms where one is usually harmed and the
other gets benefits from the relationship is called, ___________.
A. predator
B. parasitism
C. mutualism
D. one-way relationship
106. Type of heterotroph that can eat plants and other animals are called,
___________.
A. predators
B. omnivores
C. parasites
D. autotrophs
107. Transfer of food from the plants (producers) through a series of organisms
with repeated eating and being eaten is commonly called a ___________.
A. food web
B. food chain
C. food transfer
D. food process
108. The 1978 law that establishes an environmental impact statement system
including other environmental management related measures, is ___________.
A. RA 1586
B. PD 1586
C. RA 21
D. PD 21
109. It is the national agenda for sustainable development. It outlines the

integrating strategies for the country’s overall sustainable development and
identifies the intervention areas, is ___________.
A. RA 21
B. PD 21
C. RA 1586
D. PD 1586
110. It refers to a region of Earth's stratosphere that absorbs most of the Sun's
ultraviolet (UV) radiation.
A. Ozone layer
B. Biosphere
C. Atmosphere
D. Ecosphere
111. The population of the Philippines by the end of December 2020 is estimated
at :
A. Over 110 million
B. 100 million
C. 95 million
112. The Philippines is composed of how many regions?

A. 18 regions
B. 17 regions
C. 13 regions plus ARMM, NCR and CAR
D. 3 major regions (Luzon, Visayas and Mindanao)
113. Negros province (composed of Negros Occidental and Negros Oriental)

belongs to:
A. Region 6 – Western Visayas
B. Region 7 – Central Visayas
C. Region 8 – Eastern Visayas
114. The top three highest Philippine mountain ranges in order from highest, 2nd
highest, 3rd highest are:
A. Mt. Apo, Mt. Dulang-Dulang and Mt. Pulag
B. Mt. Apo, Mt. Mayon and Mt. Pulag
C. Mt. Apo, Mt. Pulag and Mt. Mayon
D. Mt. Apo, Mt. Pulag and Mt. Taal
115. The top three major Philippine lakes in order from largest, 2nd largest, 3rd
largest are:
a.Laguna Lake, Lanao Lake, and Taal Lake
b.Laguna Lake, Lanao Lake, and Lake Mainit
c.Laguna Lake, Lanao Lake, and Lake Lumao
d,Lanao Lake, Laguna Lake, and Taal Lake
116. The study and practice of making maps is called :

a. Cartography
b. Geo-mapping
c. GIS
d. Mapeology
117. The Philippine national institution dedicated to provide information on the

activities of volcanoes, earthquakes, and tsunamis is :
a. PHIVOLCS
b. PAGASA
c. PHILVOLCS
d. NDRRMC
118. Which of the following is not a criteria for Highest and Best Use?
a.Maximum size of improvement
b.Legal permissibility
c.Physical possibility
d.Financial feasibility
119. Market data adjustments are made :

A. To the comparables to make them like the subject appraised
B. To the comparables to make them like the market
C. To the subject to make it like the market

D. To the comparables to make it like the comparables
120. The appraisal process defining the value estimated is included in the :
A. Definition of problem
B. Preliminary analysis and data collection and selection
C. Final Estimate of Value
121. The date of the value opinion in an Appraisal Report is :

A. The date the appraiser was on the site (i.e. inspection date)
B. The date the appraiser received the order or assignment (i.e. contract signing)
C. The date the report was first submitted to the client (i.e. first draft)
D. The date the final report was submitted (i.e. final accepted report by the client)
122. Land value can be estimated using the following techniques except?
a. The cost approach
b. The Market and Data Approach
c. The income approach
d. None of the above
123. Value is a word of many meanings, but the general meaning is?
a. Worth of something to someone for some purpose
b. Any price something is sold for
c. The future worth of something
d. The present worth of future benefits of something for someone
124. The Cost Approach results in the most accurate appraisal of :

a. A new building
b. Vacant lot
c. An old building
d. A condominium unit
125. The term Highest and Best Use refers to :

A. The use that results to the greatest net return
B. The greatest value of improvement
C. The use most beneficial to the community
D. The most feasible option
126. The fact that individual properties, neighborhood and others are constantly
changing is called the principle of?
A. change
B. increasing and diminishing returns
C. supply and demand

D. competition
127. Jovi Tupaz has his “dream house” constructed for P6,000,000 in an area
where most newly constructed houses are not as well equipped as his and
typically sell for only P2,000,000. The value of Jovi Tupaz’s house is likely to be
affected by the principle of?
A. Regression
B. Progression
C. competition
D. supply and demand
128. The elements of value include which of the following?

A. Scarcity
B. Balance
C. Competition
D. Supply and Demand
129. The term non-homogeneity refers to :

A. Uniqueness
B. Same as the others
C. Indestructibility
D. Immobility
130. The principle that requires both the land and the improvements to be valued
for the same purpose, even if they are being valued separately.
A. Principle of Conformity
B. Principle of Change
C. Principle of Highest and Best Use
D. Principle of Consistent Use
131. In the Appraisal Process, what is the step that comes after “Data Collection
and Analyses”?
A. Valuation using the three approaches
B. Preliminary Survey and Appraisal Plan
C. Reconciliation of Value
Brokers Note: Next step is HABU

132. What is the recommended minimum buffer zone against ground rupture from
both sides of the fault trace?
a.10 feet
b.10 meters
c. 5 meters
d.15 meters
133. Minimum lot dimensions for a mausoleum are :

A. 6 meters x 5 meters
B. 5 meters x 5 meters
C. 4 meters x 5 meters
D. No implied minimum
Basis: HLURB Rules and regulations for memorial parks / cemeteries
134. FAR in zoning means

A. Field Appraisal Report
B. Not near
C. Floor Area Ratio
D. Forecasted Area Ratio
135. An Act providing for a local government code of 1991 is :

A. RA 6559
B. RA 8160
C. RA 7160
D. PD 7160
136. An Act that provides the mechanism for land use inventory, acquisition,
disposition and provision of socialized housing for the underprivileged and
homeless.
A. RA 6559
B. RA 7160
C. RA 7279
137. Type of land use wherein the inherent features or characteristics of land have
not been considerably altered or modified.
a. Conformity
b. Highest and Best Use
c. Reversible
138. DHSUD stands for

a. Department of Housing and Shelter Use Development
b. Department of Human Setllement and Urban Development
c. Department of Home Settlement and Urban Development
139. Provides that it is the policy of the state to implement and integrated program
of land use developmental control that aims to foster growth and renewal of urban
and rural communities in an integrative manner that promotes optimum land use,
adequate shelter, and environmental protection – all these towards the
development of man as a social being.
A. PD 957
B. EO 72
C. EO 648
140. The National Building Code is also known as :

A. PD 957
B. RA 7279
C. PD 1096
Answer: RA 6541
141. Can a Nursery / Elementary School be placed in an R-1 Zone?

A. Depends on the National Building Code
B. No
C. Yes
D. Both a and b
142. An office manager was paid P1,000 per month plus 1/4 of one percent of all
office sales. In January, she received P2,780. This amount was based on monthly
sales of?
a. P556,000
b.P912,000
c. P1,112,000
d. P712,000
Solution
Payment of manager = 1,000
Remaining is = 1,780 incentive for sales
¼ x 1% = 0.0025
1,780 / 0.0025 = 712,000
143. Minimum lot dimensions for a mausoleum is 4 meters x 5 meters. What is the
minimum area?
A. 24 square meters
B. 30 square meters
C. 20 meters
D. 20 square meters
Solution: 4m x 5m = 20 sqm
144. If the FAR in a CBD is 12 and the lot dimensions are 20 meters x 30 meters,
what is the maximum allowable floor area assuming each square meter will be
counted?
A. 8,200 square meters
B. 6,200 square meters
C. 5,200 square meters
D. 7,200 square meters
Solution: FAR x Lot area

12 x (20 x 30)) = 12 x 600 sqm = 7,200 sqm.
145. The circular rotunda in front of your house is being sold for an astonishingly
low price of only P100 per square meter. The diameter of the rotunda is 10 meters.
It’s a good hedge against inflation in the future. Your 60-year old mother will give
you the money to buy the rotunda if you can solve for the approximate selling price
in 70seconds. The property is worth?
A. P10,854
B. I will ask Mom to buy me a car instead.
C. P17,485
D. P7,854
Solution:
Given: Diameter of a circle (Rotonda) = 10 meters
Price per sqm = P 100
Selling price of Rotondo =
Area of a Circle = π(d/2)^2

A= 3.1416 (10 / 2)^2 = 3.1416 (25) = 78.54 sqm.
Selling Price = Lot area x price per sqm = 78.54 x 100 = P 7, 854
146. A 30 hectare rectangular parcel has 600 meters on the street side. What is
the depth of the parcel?
a. 500 square meters
b. 50 meters
c. 5000 meters
d. 500 meters
Solution:
Area = L x W
30 hectares x 10,000 sqm/1 hectare = 300,000 sqm
300,000 = 600 x w
W = 300,000 m^2/ 600 m = 500 m
147. A 30 hectare rectangular parcel measures 495.67 meters on the street side
and is selling for only P20 per square meter. What is the total selling price?
a. P60,000
b. P600,000
c. P6,000,000
d. Information is incomplete
Solution
30 hecctares x 10,000 sqm / ha = 300,000 sqm x P 20 / sqm = P 6,000,000
148. In question no. 147 above, the registered owner is giving a 3.5% commission
directly to you as the licensed real estate broker. If you were able to sell the entire
parcel on December 25, 2015 and the Deed of Sale was notarized on December
27, 2015, how much is your commission?
A. P 101,000
B. P 120,000
C. P 121,000
D. P 210,000
Solution
6,000,000 x 0.035 = 210,000
149. In question nos. 147 & 148 above, the registered is obliged to pay the
standard capital gains tax to the BIR district in Davao City. How much is the
Capital Gains Tax payment?
A. P 360,080
B. P 860,000
C. P 330,000
D. P 360,000
Solution: 6,000,000 x 6%= 360,000
150. In question nos. 147, no. 148 and no. 149 above, when is the deadline for
submission of BIR Form 1706 (Final Capital Gains Tax Return) payment?
A. January 27, 2016
B. January 25, 2016
C. January 25, 2015
D. January 26, 2016
Broker’s Note. Within 30 days from Notary of Deed of Sale
151. In question nos. 147, no. 148 and no. 149 above, where is the property
located?
A. Davao
B. There was no mention
C. Cannot be determined
D. Davao City
151. In question no. 144, if the construction cost is pegged at P72,000 per square
meter, how much is the estimated building cost?
A. Cannot be determined
B. P 374,400,000
C. P 446,400,000
D. P 518,400,000
Solution:
7,200 sqm x 72,000 / sqm = 518,000,000
153. The Current Chairperson of the PRC is (2021 update)

a. Pilar M. Torres-Banaag
b. Rafael M. Fajardo
c. Jose Arnold M. Tan
d. Ofelia C. Binag
154. It refers to a privilege given to a foreign professional who is allowed to

practice his/her profession in the Philippines for a limited period of time.
a. Alien Temporary Permit
b. Special Temporary Permit
c. Temporary Permit
d. Special Travel Permit
155. The period within which to file an appeal before PRC decisions become final
and executory.
a. 15 days from receipt of judgment
b. 15 days from the date of decision
c. 30 days from receipt of judgment
d. 30 days from the date of decision
156. The Real Estate Service Act of the Philippines is mandated under:
a. R.A. 9646
b. R.A. 9656
c. R.A. 9664
d. R.A. 9636
157. Any violation committed by an unlicensed real estate practitioner under R.A.
9646, including that of the IRR shall be meted the penalty of a time of not less
than:
a. P100,000.00 plus imprisonment of 2 years of both
b. At least P200,000.00 plus imprisonment of 4 years or both
c. P 100,00.00 plus 2 years imprisonment or imprisonment upon the discretion of
the court
d. P 200,00.00 plus 2 years imprisonment or imprisonment upon the discretion of
the court
158. The amount of professional indemnity insurance/cash or surety bond for all
real estate brokers and private real estate appraisers.
A. P 15,000.00
B. P 25,000.00
C. P 20,000.00
D. P 40,000.00
E. P 30,000.00
159. The following persons are exempted from the acts constituting the practice of
real estate service except
a. Any receiver, trustee or assignee in bankruptcy or insolvency proceedings;

b. Any person acting pursuant to the order of any court of justice
c. Any person who is a duly constituted attorney-in-fact for purposes of sale,
mortgage, lease or exchange, or other similar contracts of real estate, without
requiring any form of compensation or remuneration;
d. Public Officers in the performance of their official duties and functions
e. Government assessors and appraisers.
160. The government agency authorized under the law to provide comprehensive
policy guidelines for the promotion and development of the real estate industry in
relation to the regulation of the practice of the real estate service profession;
A. Professional Regulation Commission
B. Accredited and Integrated Professional Organization
C. Professional Regulatory Board of Real Estate Service
D. Philippine Association of Real Estate Brokers
E. Interim Accredited Professional Organization
161. The real estate service practitioner who shall be entitled to receive or
demand a fee, commission or compensation of any kind from any person for any
service rendered or work done by a salesperson in any real estate transaction.
A. real estate dealer
B. real estate consultant
C. real estate appraiser
D. real estate broker
E. real estate assessor
162. The membership requirement to the AIPO of a real estate practitioner shall
be (2021 Supreme Court Opinion)
A. Upon approval by the AIPO
B. Upon approval by the PRBRES
C. Upon approval by the PRC
C. Automatic and mandatory
E. Voluntary
163. The following are the elements of a valid contract except

a. consent of the contracting parties
b. specific object
c. subject matter of the contract
d. cause or consideration of the obligations which is established
e. promise
164. The following are contracts or acts which must appear in a public instrument
except
a. sale of real property or of an interest thereof
b. promise to marry
c. the power to administer property
d. transmission of rights
e. renunciation of hereditary rights
165. It is a meeting of minds between two persons whereby one binds himself,
with respect to the other, to give something or render some service in return.
a. subject
b. consideration
c. contract
d. agency
e. consent
166. It is the right of ownership whereby the owner has the right to enjoy,
dispose, exclude others and recover.
a. The bundle of rights
b. The bundle of ownership
c. The power of taxation
d. The right of eminent domain
e. The law of ownership
167. An agreement to cover a down payment for the purchase of real as evidence
of good faith of the part of the purchase.
a.contract to sell
b. deed of assignment
c. binder
d. option contract
e. reservation contract
168. A stipulation which authorizes the mortgagee to appropriate the property as

his own upon failure of the debtor to fulfill the principal obligation.
a. pactum de non aliendo
b. dacion en pago
c. pacto de retro sale
d. pactum commissorium
e. agreement of sale
169. An addition to land from natural causes as, for example, from gradual action
of the ocean or the river waters.
a. accretion
b. avulsion
c. alluvion
d. accession
e. adhesion
170. The right of the government to acquire property for necessary public or quasi-
public use.
a. eminent domain
b. police power
c. escheat
d. taxation
e. easement
171. Right of the original owner to reclaim property sold through judicial
foreclosure proceedings by payment of debt, interests, and cost.
a. redemption
b. equity of redemption
c. equity
d. right of redemption
e. foreclosure
172. The rights of of a homeowner is governed by the law of

Magna Carta for Subdivision Owners
Magna Carta for Homeowners and Homeowner’s Association
Magna Carta for Subdivision
Magna Carta for Homeowners
Magna Carta for Homeowner’s Association
173 It is the government agency which is tasked in the registration of homeowners’

association
Housing Guaranty Corporation
Housing and Land Use Regulatory Board
Housing and Urban Development Coordinating Council
Securities and Exchange Commission
National Housing Authority
174. The following are the rights of an association member except

a. To avail of and enjoy all basic community services and the use of common
areas and facilities;
b. To inspect association books and records during office hours
c. To participate, vote and be eligible for any elective or appointive office of the
association
d. To demand and promptly receive deposits required by the association as soon
as the condition for the deposit has been complied with or the period has expired.
e. To compel the association to participate in civic and charitable activities
175. The maximum amount covered in highly urbanized cities under the Rent
Control Law is
a. P 5,000.00
b. P 15,000.00
c. P 10,000.00
d. P 20,000.00
e. P 25,000.00
176. The maximum rate per annum after the moratorium of one year from the
effectivity of the Rent Control Law?
a. 10%
b. 7 %
c. 8%
d. 9%
e. 11%
177 . Under RA 10023 the requirement of any Filipino citizen who is an actual
occupant of a residential land may apply for a Free Patent Title in highly urbanized
cities in which the land should not exceed
a. 100 sq.m.
b. 200 sq.m.
c. 300 sq.m.
d. 400 sq.m.
e. 500 sq.m.
178. Under RA 10023 the period of eligibility for titling is

a. 5 years
b. 10 years
c. 15 years
d. 20 years
e. 30 years
179. The law which protects buyers of real estate on installment payments against
onerous and oppressive conditions.
a. Buyer Protection Act
b. Installment Buyer Protection Law
c. Realty Installment Buyer Protection Act
d. Realty Protection Act
e. Realty installment Protection Law
180. The following are the types of sale which are not covered by Maceda Law
except
a. sale of commercial buildings
b. residential condominium apartments
c. sale of industrial lots
d. sale with mortgage
e. sale of industrial farm lots
181. The REIT grants incentives in order to achieve the following objectives
except:
To make large-scale, income-producing real estate investments
To be accessible to ordinary investors
To develop the capital market;
To help finance and develop infrastructure projects; and
To protect the interest of the government
182. The following personnel’s comprise the Anti-Money Laundering Council

except:
a. The Commissioner of the Securities and Exchange Commission
b. The Commissioner of the Bureau of Internal Revenue
c. The Governor of the Banko Sentral ng Pilipinas
d. The Commissioner of the Insurance Commission
183. The development of land for the following purposes: residential,commercial,

industrial, agricultural, institutional or recreational purposes, or any combination of
such including, but not limited to, tourist resorts, reclamation projects, building or
housing projects, whether for individual or condominium ownership, memorial
parks and others of similar nature.
A. Real Estate Development
B. Real Estate Development Project
C. Real Estate Project
E. Realty Development Project
184. It refers to all the rights, interests and benefits related to the ownership of
real estate.
A. Real Estate
B. Real Property
C. Real Property Development
D. Real Estate Project
185. It measures the value of all goods and services produced within the country
regardless of the nationality of the persons supplying such goods and services.
a. Gross Domestic Product
b. Gross National Product
c. Gross National Income
d. Gross Domestic Income
186. It measures the value of all goods and services produced by a country in a
given year, regardless of whether such goods and services are produced within
or outside the country.
187.. The final transaction between a buyer and seller of real property.
a. Tripping
b. Servicing
c. Closing
d. Following up
188. In real estate, the term is used to identify the efforts used to find or cultivate
potential buyers and sellers of real property.
a. Suspect
b. Prospect
c. Client
d. Buyer or Seller
189. The following are the criteria to find the right prospects except
a. money
b. authority
c. desire to buy
d. consent
190. A good prospect is someone who can open doors for you to other prospects.
a. center of influence
b. center of attraction
c. influential person
d. network of influence
191. Under RESA, Real estate service practitioners shall be required to indicate
on the documents he/she signs, uses or issues in connection with the practice of
his/her profession except
a. The certificate of registration,
b. Professional identification card,
c. Community Tax Certificate(CTC) number
d. Association of Professional Organization (APO) receipt number, and the date of
issuance and the duration of validity
192. It is a calculation that measures the total income generated by an economy.

193. This document will determine to what extent the unit owners are liable with
regards to the tax obligation on the condominium project’s land and common
areas and the individual units.
A. Title
B. Realty Tax
C. Tax Declaration
D. Master Deed
194. Land which has not had improvements such as buildings and other structures
added to it. Such land is often left in a subdivision by a developer or stipulated by
a local authority for recreational use or for personal use by the owner
A. Open Space
B. Common Usage Area
C. Easement
195. A legal claim against a property that must be paid off when the property is
sold.
A. Leasehold
B. Liens
C. Liabilities
196. An impediment to the use or transfer of the property in the form of an interest
or right in the property.
A. Encumbrance
B. Liens
C. Liabilities
197. A drawing or map showing the precise legal boundaries of a property, the
location of improvements, easements, rights of way, encroachments, and other
physical features.
A. Zoning
B. Survey
C. Title
198. This is the evidence or proof of one’s ownership of the condominium unit
(compared to the transfer certificate of title for land ownership)
A. Condominiun Certificate Title
C. Transfer Certificate Title
D. Tax Declaration
199. How much is the required OPEN SPACE in residential subdivisions ?

A. 25 %
B. 15%
C. 30 %
200. Is the act of securing a certified true copy of the title and tax declaration to
support a buyer’s decision in buying a property and investing a huge amount of
money.
A. Tax Mapping
B. Title Verification
C. Zoning
201. It is a process in a real estate transaction, wherein the buyer should know all
information, details and status of a property before consummation of a sale.
A. Due Diligence
B. Zoning
C. Title Verification
202. Local authority guidelines for the permitted use of land.

A. Surveying
B. Zoning
C. Tax Mapping
203. A written contract between an owner and a real estate, authorizing the agent
to perform services for the principal involving the owner’s property. The property
so listed.
A. Contract to Sell
B. Listing
C. Acknowledgement Receipt
204. A person qualified by education, training, and experience to estimate the

value of real property and personal property.
A. Appraiser
B. Sales Agent
C. Broker
205. A proportion (usually a percentage) of the sale price of a property paid to a

real estate agent for negotiating a real estate transaction.
A. Income
B. Commission
C. Withholding Tax
206. A legal document evidencing a person’s right to or ownership of a property.

A. Deed
B. Contact
C. Title
207. What is the tax imposed on all forms of real property (land, building,
improvements, and machinery)?
A. Capital Gains Tax
B. Real Property Tax
C. Documentary Stamp Tax
208. This service help clients to retrieve their titles or documents of ownership,
including their history and current status
A. Title Research
B. Transfer of Title
C. Title Verification
209. It is a tax on the right of the deceased person to transmit his/her estate to
his/her lawful heirs and beneficiaries at the time of death and on certain transfers,
which are made by law as equivalent to testamentary disposition.
A. Capital Gains Tax
B. Estate Tax
210. A certification issued by the BIR attesting that the transfer or conveyance of
land, buildings, improvement or shares of stock arising from sale, barter or
exchange had been reported to the BIR and that taxes due thereon have been
fully paid.
A. Tax Declaration
B. Tax Clearance
C. Certificate Authorizing Registration ( Car )
211. It is a form of consumption tax. From the perspective of the buyer, it is a tax
on the purchase price. From that of the seller, it is a tax only on the value added to
a product, material or service.
A. VALUE ADDED TAX ( VAT )
B. Capital Gains Tax
212. The most common way by which estates are settled by the heirs.
A. Transfer of Title
C. Extra Judicial Settlement
D. Conversion
213. What is the applicable tax rate of Capital Gains Tax under the National
Internal Revenue Code of 1997 for Real Properties ?
A 12%
B. 10%
C. 6%
214. A process to officially put in writing and of record any information or

evidence, desires and agreed terms and conditions of contracting party or parties,
and other texts , messages, annotations, photographs, etc.
A. Documentation
B. Transfer of Title
C. Surveying
215. It is a tax imposed on tax on the sale, donation, barter, or any other mode of
transferring ownership or title of real property at the maximum rate of 50% of 1%
(75% of 1% in the case of cities and municipalities within Metro Manila) of the total
consideration involved in the acquisition of the property or of the fair market value
in case the monetary consideration involved in the transfer is not substantial,
whichever is higher.
A. Documentary Stamp Tax
B. Transfer Tax
C. Capital Gains Tax
216. It is a tax on documents, instruments, loan agreements and papers

evidencing the acceptance, assignment, sale or transfer of an obligation, right or
property incident thereto.
A. Documentary Stamp Tax
B. Transfer tax
C. Capital Gains Tax
217. It is a legal document that clearly indicates the location of all improvements
relative to a property's boundaries. It generally contains an illustration of the
physical features of the property and a written report detailing the surveyor's
opinions and concerns.
A. Digital Mapping
B. Survey Report
C. Deed of sale
218. The SM Group will continue to build ________________ around its shopping
malls. This would include apartments , offices and hotels to maximize the value of
its property holdings .
A. Subdivision
B. Township
C. Micro Cities
219. It is a national government agency tasked as the planning, regulatory and

quasi-judicial body for land use development and real estate and housing
regulation. These roles are done via a triad of strategies namely, policy
development, planning and regulation.
A. Department of Human Settlement and Urban Development (DHSUD)
B. Pag-IBIG Home Mutual development Fund
C. Department of Trade & Industry
220. Who is the Chief Executive Officer of Pag-IBIG Home Mutual Development
Fund ?(2017 to present)
A. Atty. Antonio M Bernardo
B. Atty. Darlene Marie B. Berberabe
C. Hon. Acmad Rizaldy P. Moti
221. RESA LAW is an act regulating the practice of real estate service in the
Philippines, creating for the purpose a Professional Regulatory Board of Real
Estate Service appropriating funds therefor and for other purposes.What is the
Republic Act number of this law ?
A. Presidential Decree 442
B. Republic Act 9262
C. Republic Act 9646
222. Who is the Secretary of DHSUD ?

A. Menardo A. Sabili
B. Atty. Marilyn M. Pintor
C. Eduardo D. Del Rosario
223. It is the Queen City of the south which is forecasted as the next best haven
for property investment in Visayas according to Philippine Star ?
A. Iloilo
B. Cebu
C. Davao
224.. It is one of the two major fault segments of the Valley Fault System which
runs through the cities of Marikina, Pasig and Muntinlupa and moves in a
dominantly dextral strike-slip motion.
A. East valley Fault
B. West Valley Fault
C Ring of Fire
225. Who is the Chairman of HUDCC ?

A. Atty. Antonio M Bernardo
B. Eduardo D. Del Rosario
C. Hon. Chito M. Cruz
226. What is the Condominium Act of the Philippines ?

A. Presidential Decree 442
B. Republic Act 4726
C. Republic Act 9646
227. It is an interest in real property consisting of separate interest in a unit in a

residential, industrial or commercial building and an undivided interest in common,
directly or indirectly, in the land on which it is located and in other common areas
of the building.
A Subdivision
B. Townhouse
C. Condominium

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REB Mock Exam Part 2

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Prepared and Updated by Miguelle L.

REB Mock Exam

A. Geodetic Control Survey

7. Which is not a cardinal direction in map reading?

8. Which is not one of the classifications of Isolated Land Surveys?

9. Which is not one of the Reference Monuments?

10. Indicate the survey symbol of the following:

ii. Group Settlement Surveys

iii. Segregation Surveys

iv. Public Land Subdivision

vii. Free Patent

viii. Sales Application: Individual

ix. Sales Application: Corporation

x. Foreshore Lease Application: Individual

11. Subdivision and or Consolidation of untitled or undecreed property:

iii. Consolidation and Subdivision

12. Subdivision and or Consolidation of titled or decreed property:

iii. Consolidation and Subdivision

(a) 10% of the net income before tax;

20. What is the minimum paid up capital of a REIT?

21. By how much of the deposited property of a REIT should be invested in

26. The following is not a function of a Real Estate Broker

27. Real Estate Service Practitioners include:

28. To be entitled to a professional fee, the real estate broker must

30. The first step in Real Estate Brokerage is:

32. In a real estate transaction the broker gets a

39. Only the following can be a Licensed Real Estate Broker

40. Professional fee is due and demandable

41. It is defined as the land and / or building or other improvements permanently

56. Real Estate as a business refers to the following, except

a. Real Estate Consultant d. Real Estate Salesperson

62. An agreement wherein the consideration of a contract, or a portion thereof, is

b. Listing Agreement e. Earnest Money Agreement

65. Which of the following are modes of terminating an agency

66. Mr Patrick de Jesus is setting up a realty company to market the newest

a. Duly accredited with PRC d. Duly accredited with PDIC

67. It is given to landowners whose properties were covered under the

68. Which of the following statement is incorrect?

Broker’s Note. D. Incorrect. As per RA 6657, conversion of. land to non-

70. Mr. Santos owns the following landholdings:

72. A tenant is entitled to the following, EXCEPT:

73.If a landowner wants to convert his 50,000-square-meter agricultural

CGT = 6%, DST = 1.5%, Comm = 5%, Total = 12.5%

CGT = 6%, DST = 1.5%, Comm = 5%, Total = 12.5%

86. The following does not have a BIR zonal value:

Total DST in real estate mortgage payable 2021=?

BIR Basis: RR 13-2018

Monthly rental per unit = 9,000 exempt from VAT

Broker’s Note: BIR Basis: RR 14-00

99. Where a population lives.

100. The source of all energy is ____________.

104. Defined as a group of organisms which can interbreed and produce a

109. It is the national agenda for sustainable development. It outlines the

112. The Philippines is composed of how many regions?

113. Negros province (composed of Negros Occidental and Negros Oriental)

116. The study and practice of making maps is called :

117. The Philippine national institution dedicated to provide information on the

119. Market data adjustments are made :

C. To the subject to make it like the market

121. The date of the value opinion in an Appraisal Report is :

124. The Cost Approach results in the most accurate appraisal of :

125. The term Highest and Best Use refers to :

C. supply and demand