1. Unpaid real property tax is subject
Any of the above
to 2% per month interest, up to a
maximum period of?
a. 12 months
b. 24 months
c. 36 months
d. None of the above
2. The capital gains tax due on the sale
of P2,000,000. 00 property with
P500, 000. 00 initial payment is:
Assume tax rate is 6%
a. P100,000.00
b. P120,000.00
c. P20,000.00
d. P30,000.00
3. A principle of ownership which
mandates property owners to use
their property in a manner that will
promote not only their interest but
also the general welfare:
a. Stewardship principle
b. Principle of progression
c. Principle of conformity
d. Principle of social justice
4. Amendment to the master deed of a
condominium project approved by
majority of registered majority unit
owners is based on:
a. Number of condominium
units
b. Total area of condominium
units
c. Floor area of condominium units
d. Any of the above
5. In sale with assumption of
mortgage, the basis of the
documentary stamp on the sale is:
a. The contact price
b. The down payment
c. The selling price
d.
6. At 18% interest per annum, how
much is the interest of P500, 000.
a. P15,000.00
b. P16,250.00
c. P16,027.70
d. P90,000.00
7. Unpaid real property tax is subject
to 2% per month interest up to a
maximum period of:
a. 12 months
b. 24 months
c. 36 months
d. Until paid
8. The priority right of a tenant to buy
the land located is an urban land
reform area is known as:
a. Tenant's incremental right
b. Tenant's retention right
c. Tenant's right of first refusal
d. Tenant's possessory right
9. The following persons are
disqualified to become Lessee,
EXCEPT:
a. Executors and administrators
of properties
b. Lawyers with respect to
property of their clients
under litigation which they
take part
c. Guardian with respect to
property of ward under
guardianship
d. Husband and wife when
there is separation of
property in marriage
settlement and when there is
judicial separation of
property