REAL ESTATE

APPRAISERS
PRACTICE
EXAMINATION

PREPARED BY:
MEIDY JOICE N. DIONEDA
2ND BATCH BS-REM
11. Identify the branch of science which deals with the study
of processes and patterns in the natural environment like the
atmosphere, hydrosphere, biosphere and geosphere, as
opposed to the cultural or built environment.

A. Human geography C. Environmental

science

B. Physical geography D. Geological science

 B
Physical geography
 Human geography or anthropogeography
is the branch of geography that studies spatial
relationships between human communities,
cultures, economies, and their interactions
with the environment, examples of which is
studied in schools are urban sprawl, urban
redevelopment etc.

Environmental science is the study of the

interactions between physical, chemical and
biological components of the Earth's natural
environment.

Also known as geoscience or earth science,

Geology is the primary Earth science and
looks at how the earth formed, its structure
and composition, and the types of processes
acting on it. Geology is concerned with the
history of the earth over the course of its 4.5
billion year life.
12. Which of these is not part of the PVS Code
of Conduct for appraisers?

A. Confidentiality C. Conflict of
interest

B. Integrity D.
Collaboration
 D
Collaboration
Confidentiality
• A Valuer or appraiser must deal with client's affairs with
proper discretion and confidentiality
• A Valuer or appraiser must not disclose sensitive factual data
obtained from a client or the results of an assignment
Integrity
• A Valuer must not act in a manner that is misleading or fraudulent
• A Valuer must not knowingly develop and communicate a report that
contains false, inaccurate or biased opinions and analysis
• A Valuer must not contribute to, or participate in, a valuation service
that other reasonable valuer would not regard to be ethical or justified
• A Valuer must act legally and comply with the laws and regulations, local
or international where an assignment is undertaken
• A Valuer must not claim, or knowingly let pass, erroneous interpretation
of professional qualifications that he does not possess
• A Valuer must not knowingly use false, misleading or exaggerated claims
or advertising in an effort to secure assignments
• A Valuer must ensure that any staff person or subordinate assisting with
the assignment adheres to the code of conduct
Conflict of interest
• A Valuer or appraiser must not act for 2 or more parties in the same
manner, except with the written consent of those concerned
• A Valuer or appraiser must take all reasonable precautions to
ensure no conflict arise between the interest of his clients and those
of other clients, the Valuer, his firm or relatives, friends or associates
• A Valuer or appraiser must disclose potential conflict of interest IN
WRITING before accepting instructions
• If the valuer has a conflict of interest, he must disclose this where
before accepting instructions
• A Valuer or appraiser must disclose within reasonable time conflict
of interest ascertained after the completion of the assignment
13. In the sale or disposition of conjugal property,
the wife's consent must be secured. If 'her consent
was not secured, the wife may question the sale or
disposition from the date' of sale. within what period
can it be contested?

A. 3 years C. 2 years
B. 4 years D. 5 years
D
5 years
14. Provided below are non-exhaustive list of
circumstances that commonly include an" intangible asset
valuation component. Identify these purposes.

I. Valuations of intangible assets are often required in

connection with accounting for business combinations,
assist acquisitions and sales, and impairment analysis.

II. Valuations are frequently needed for transfer pricing

analyses, estate and gift tax planning and reporting; and ad
valorem taxation analysis ,

III. Intangible assets may be the subject of litigation,

requiring valuation analysis in circumstances such as a
shareholder disputes; damage calculations and marital
dissolutions (divorce).
IV. Other statutory or legal events may require the
valuation of intangible assets such as compulsory
purchases/eminent. domain proceedings.

V. Valuers are often asked to value intangible assets

as part of general consulting, collateral and transactional
support engagements.

A. I, IV, III, V only C. II, III, IV, V only

B. I, II, III, IV, V D. I, II, III, only
 B
I, II, III, IV, V
15. Regions in the Philippines came into
existence because of________.

A. B.O. 1 C. B. P. 1

B. R.A. 1 D. P. D. No. 1
 D
P. D. No. 1
 Regions first came to existence on
September 24, 1972, when the provinces
of the Philippines were organized into
eleven regions under Presidential Decree
No. 1 as part of the Integrated
Reorganization Plan of President
Ferdinand Marcos.
16. It a comparable was sold for P3.OM and
a has two-car garage valued value at
P150,000 and the subject property has a
garage, the indicated value of the Subject can
be computed by_________.

A. adding 175, 000 to the comparable sale

B. subtracting P75, 000 from the Subject
property
C. subtracting P75, 000 from the comparable
sale
D. adding P75,000 to the Subject property
 C
Subtracting P75, 000 from the
comparable sale
17. Identify these Assets representing the value of rights that
arise from contractual agreements, like licensing and royalty
agreements, service or supply contracts, lease agreements,
permits, broadcast rights, servicing contracts, employment
contracts and non-competition agreements and natural
resource rights.

A. Marketing-related Customer-related
B. Technology-based Contract-related
C. Customer-related
D. Contract-related
 D
Contract-related
Marketing-related Customer-related
• Customer relationship marketing is a product marketing strategy that
companies use to center their business and product marketing efforts around
customer relationships, customer needs, and customer loyalty. The approach
focuses on using customer feedback and data to optimize product marketing.

Technology-based Contract-related
• What is a Technology Agreement? A technology agreement, sometimes called
a technology service agreement, is a legal document usually used between a
company and a technology service provider to outline the rights and
responsibilities of both parties as they enter into a business relationship.

Customer-related
• Customer relations refers to the methods, strategies, and processes a
company uses to build and maintain customer relationships. Every customer
interaction has an impact, and it's more important than ever for companies
to consistently meet expectations.
18. To whom this Professional Rules of Ethics
and Responsibilities applies? "The
Practitioner shall fully and truthfully disclose
all pertinent and material facts involved in the
engagement".

A. The general public

B. The government
C. Fellow practitioners
D. The client
D
The client
19. The implementing rules and regulations of
the Republic Act Number 9646 was issued
through PRBRES Resolution
Number_____________.

A. 03 C. 01
B. 02 D. 04
B
02
20. Identify the cost-estimate envisioned for
modern equivalent of comparable utility,
employing the design, technology and
materials that are currently used in the
market.

A. Appreciation C. Reproduction
B. Replacement D. Depreciation
 B
Replacement
THANK YOU!