RE Fundamentals Quiz RESA

Known as valuer, refers to a person who conducts valuation/ appraisal, specifically one who possess the necessary qualification, license ability and experience to execute or direct the valuation/appraisal of real property.

• Appraiser

• Assessor

• Broker

• Consultant

What is IRR of R.A. 9646 stands for

• The implementing Rules and Regulations of Republic Act 9646

• The implementing Rules of Real Estate of 1946

• The International Rules and Regulations of RA 9646

• None is correct

Refers to the land and all those items which are attached to the land

• Real Estate Development

• Real Estate

• Real Property

• Real Estate Management

An Act regulating the practice of Real Estate in the Philippines

• RA9646

• PD957

• BP220

• RA4696

• none

A duly accredited natural person who performs service for and in behalf of real estate broker who is registered and licensed by the PRBRES.

• Real Estate Assessor

• Real Estate salesperson

• Real Estate agent

• Real estate inhouse Broker

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

• Real estate appraiser

• Real estate assessor

• Real estate broker

• Real estate consultant

Refers to the Board

• PRC

• PRBRES

• COMMISSION

• DEVELOPER

referred to as the Commission

• Philippine Real Estate Commission

• Professional Regulation Commission

• Philippine Regulation Commission

• Philippine Republic Commission

Professional Indemnity Insurance or surety bond for all real estate brokers and private real estate appraisers in no case shall be less than

• Ten thousand pesos

• Forty thousand pesos

• Thirty thousand pesos

• Twenty thousand pesos

An applicant for the licensure examination for real estate consultants must show proof that she has at least number of years as real estate broker

• 10 years as a licensed real estate broker

• 5 years as a licensed real estate broker

• 15 years as a licensed real estate broker

• 2 years as a licensed real estate broker