Final Round

Final Round

Professional Development

7 Qs

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Assessment

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Other

Professional Development

Practice Problem

Easy

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Chelsea Joanne Oñate

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to the process when a Seller offers his/her real properties for sale and a Buyer agrees to purchase it?

Authority to Sell

Real Estate Transactions

Deed of Sale with Right to Repurchase

Receipt for Earnest Money Deposit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following legal document transfers full and complete ownership of a piece of real property from the Seller to the Buyer with no strings attached?

Deed of Chattel Mortgage

Deed of Exchange

Deed of Absolute Sale

Deed of Sale under Pacto de Retro

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does DSRR stands for?

Deed of Sale with Right to Repurchase

Deed of Sale with Right to Resell

Deed of Sale with Right to Return

Dili Siya Right or wRong

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This contract refers to outlining the terms under which one party agrees to rent a property owned by another.

Contract of Work

Contract of Agency

Contract to Sell

Contract of Lease

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I own a fully-furnished condo unit. I want to install a shelf in my room. The Condo Corporation is requiring me to sign this type of document stating that “we are not liable for damages incurred during the installation of the shelf.”

Memorandum of Agreement

Waiver

Trust Agreement

Affidavit of Loss

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a legal agreement where a Borrower uses a real property as collateral to secure a loan from a Lender.

Deed of Donation

Deed of Assignment

Chattel Mortgage

Real Estate Mortgage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following legal document transfers property ownership to the Buyer, but allows the Seller to repurchase the property within a specified period.

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