1.

If the owner wants to under value the sale price, the real estate broker is
expected to tell the owner.

a) To under value not lower than the zonal value

2. Funds which comes into the hands of the real estate broker from the client
should be, under the Code of ethics.
a) Placed in a separate bank account

3. An accredited real estate salesperson must be under the supervision of the

real estate broker and should indicate
a) Name and license number

4. As part of the obligation under the code of ethics, the broker must, as much
as possible, see to it that the arrangement are
a) Notarized

5. In accepting an appointment or authority to act for and in behalf of a client or

customer, the broker should pledge himself with utmost fidelity and good faith to
protect and promote the interest of his client which means
a) Loyalty to the client

6. A real estate broker uploaded an advertisement of a property in the internet.

Which one is considered as unethical
a) With nice view of the lake

7. Considered unethical for a real estate broker, with regards to his professional
fee, is to obtain the same from both parties unless
a) The buyer was informed ahead of time

8. For one to put up for a sale sign on the lot of the owner, the real estate broker
must
a) Put a decent design

9. If the real estate broker already saw another sign for sale of another broker,
under the Code of Ethics the broker must
a) Remove the sign before putting his sign
 10. Mr. Yumul decided to sell his lot for P5,500,000.00 although the broker
knew it can be sold for P7,000,000 and the zonal value is P6,000,000. What price
should the broker offer to sell the house?
a) P5,500,000

11. The Code of Ethics provide the real estate appraiser was called to testify and
under the code of ethics he must testify in a manner.
a) Always make sure that the seller is at an advantage

12. In a court case, the real estate appraiser was called to testify and under the
Code of Ethics he must testify in a manner
a) To protect his interest

13. A licensed real estate appraiser can undertake the appraisal of the factory
and plant under the following
a) With assistance with one familiar with the appraisal of such

14. The real estate broker should not solicit in a listing which is currently listed
exclusively with another broker unless the listing agreement has expired and
a) The broker knows the contact number of the owner

15. Real estate broker X accepted a listing from another broker Y the agency of
the broker Y who offers the listing should be respected until it has expired and
a) Broker X is able to contact the owner

16. As to negotiations on a property listed exclusively with one broker, it should

be through the listing broker and not the owner, except
a) With consent of the owner

17. When the client asks the real estate broker for his opinion on a transaction
not being handled properly by another broker, he should
a) Criticize the manner of handling by the other broker

18. A newly passed broker was dealing with a broker already 10 years in the
profession. The more experience real estate broker should
a) Share his experience on the transaction

19. So that no controversy or misunderstanding arises between the two brokers

dealing on the sale of lot, the Code of Ethics requires
a) The two brokers assume the sharing will be 50-50
 20. Broker Y has a complaint against Broker P who belonged to the same real
estate service organization. Broker Y must therefore
a) File the case in the court

21. Real estate service practitioners refer to the following

a) Real estate agent

22. The professional Rules of Ethics of Responsibilities to the Government are

the following, the practitioner shall
a) Secure all necessary licenses, permits and authority as may required by law,
ordinance or rules and regulations

23. The following is the required qualifications for assessor

a) Lawyer