REB-FC14

The legal right of the state to acquire property of a decedent who died without a will and without heirs is referred to as what?

• Escheat

• Abandonment

• Succession

• Intestate

Under BP 220 IRR minimum floor line to ceiling

• 1.5 METERS

• 2 METERS

• 2.5 METERS

• 3 METERS

An existing site has an improvement on it such as a building. Which of the following statements BEST describes the highest and best use of that site?

• It may be different from the current use

• It must remain as it is currently used

• It should be used for residential purposes only

• It is best used for commercial development

In considering the highest and best use of a parcel of land to be improved with an office building, the appraiser determines the optimal land to building ratio for the parcel. Which of the following economic principles does this illustrate?

• Balance

• Supply and Demand

• Opportunity Cost

• Diminishing Returns

Bathroom windows shall have an area of no less than _______ of its floor area.

• 1/10

• 1/15

• 1/20

• 1/25

Withholding tax rate of sale of a socialized housing project registered with the HLURB amounting to.

• 0%

• 5%

• 10%

• 15%

The term holding period usually refers to the __________

• Time span of ownership

• Duration of investment

• Length of market exposure

• Period of asset depreciation

The maximum numbers and area of row house units per block

• 15 UNITS, 80m

• 20 UNITS, 100m

• 25 UNITS, 120m

• 10 UNITS, 60m

The process of changing the use of a building from an apartment complex to a condominium form of ownership is normally referred to as a (n) __________

• Conversion

• Transformation

• Modification

• Renovation

Law which discontinue the Spanish Mortgage Law system of registration

• PD 892

• PD 123

• PD 456

• PD 789