CAARTS Review 1-20

Those who had passed the DTI licensure examinations in 2007 and prior years but failed to obtain their license upon effectivity of R.A .No. 9646 may still register upon effectivity of the RESA without examinations provided they have earned CEP or CPE units as follows:

• 120 CEP or CPE credit units
• 12 CEP or CPE credit units
• 15 CEP or CPE credit units
• 18 CEP or CPE credit units

Ownership of land in the Philippines is governed by law such as, the 1987 Philippine Constitution. In addition, it may also be provided by

• Executive Order of the President
• Special laws of the Legislature
• House Bills in Congress
• Special Exemption Orders

The principle that states that all lands of the public domain belong to the state is referred to as

• Public domain doctrine
• Regalian doctrine
• Patrimonial doctrine
• State doctrine

As a real estate practitioner, we should but not:

• willingly share the lessons and experiences with fellow brokers
• solicit a listing currently listed exclusively with another broker
• pass a listing to a third broker without the knowledge and consent of the listing broker
• put sign or notice of a property for sale without authority from the owner

Under the law, private corporations and associations may hold such alienable lands of the public domain only by lease, not to exceed a total area of

• 1,000 has.
• 500 has.
• 12 has.
• 3 has.

The national integrated organization of natural persons duly registered and licensed as Real Estate Service Practitioners is called

• Accredited Practitioners Organization
• Integrated and Accredited Professional Practitioners
• Accredited and Integrated Professional Organization
• Accredited and Integrated National Organization

An idle land consisting of 2.5 hectares valued at P 100 per square meter was being taxed by the municipal assessor and classified as agricultural. If the idle land tax imposed is 4% by the ordinance, how much will the owner pay for idle land tax ?

• P 40,000
• P 100,000
• P 20,000
• P 50,000

The power of the state to regulate the use of one’s property for legal purposes only is referred to as

• Escheat
• Eminent domain
• Police power
• Power to issue permit

In determining the value of the house and the tax declaration being presented was issued 3 or more years, the seller shall submit the following to the BIR

• An updated tax declaration
• The latest tax declaration
• Certification from the Assessor whether the same is still the latest or not
• Certification of improvement by the Assessor

It is the right given to an owner of an adjoining land to pass or have access thru another land is called

• Right of way easement
• Right of way passage
• Right of way for people
• Right o way encroachment