WorksheetsREB Quiz 1
Total questions: 30
Worksheet time: 15mins
A buyer was found by the real estate broker who was willing to buy the lot but could not afford the price. The buyer may be referred to in the meantime in real estate as
Potential buyer
Suspect
Client
Prospect
The following is not really an essential element of real estate brokerage.
Working knowledge of construction
Honesty
Proficient in English
Tact and diplomacy
In a lease-to-own arrangement, the portion of the rent that goes towards the sale price is considered as____________
Earnest money
Right of first refusal fee
Option money
Reservation fee
The _________ upon recommendation of NEDA may authorize a city/ municipality to reclassify lands in excess of set limits.
President
Governor
Speaker of the House
Mayor
Which lake is shaped liked stylized “W” with two peninsula?
Caliraya Lake
Lake Danao
Laguna de bay
Taal Lake
What is UNCLOS?
United Nations Council on the Law of the Sea
United Nations Convention on the Law of the Sea
United Nations Conference on the Law of the Sea
United Nations Convergence on the Law of the Sea
It is an encumbrance imposed upon an immovable for the benefit of another immovable belonging to a different owner.
Lien
Mortgage
Easement
None of the above
The highest bidder in a foreclosure sale acquires ownership over the foreclosed property after the _________.
lapse of the one year redemption period
foreclosure sale
one year from the registration of the certificate of sale
registration of the certificate of sale
As an additional requirement to avail of the exemption from the capital gains in the sale of the family home, the seller is required, among others, to notify the BIR of his proof of purchase within:
30 days from the date of sale
15 days from the date of sale
60 days from the date of sale
45 days from the date of sale
One of these are not Non-disposable and Non-Alienable land.
National Parks
Mineral lands
Mountains
Forestry land
The law that governs the property relations of two people who plans to get married in 2013 is referred to as
The New Civil Code
Property Code of the Philippines
The Family Law of the Philippines
Family Code of the Philippines
Technically speaking, Pasig river is a __________.
tidal estuary
largest drainage basin
confluence
polluted river
Land use classifications for the entire municipality or city is called
Central business district land use
Urban land use
CLUP
General land use
In the absence of any provision in the master deed of a condominium project, the share of the unit owners in the common area is:
equal to all other units
proportionate to his unit area
base on the value of his unit
decided by majority of the owners
Where can you find ozone layer?
Exosphere
Stratosphere
Thermosphere
Troposphere
It is the proceeding which the state undertakes to take over private property for the purpose of public use, provided there is payment of just compensation
Eminent Domain
Police Power
Condemnation
Expropriation
One of the most important rights of someone who owns agricultural land and which is part of the bundle of rights of an owner is
Right to dispose
Right to harvest
Right to plant
Right to sell the harvest
Primary Compulsory Heirs are _________
Legitimate child, children, or descendants
Surviving spouse
Legitimate parents or ascendants
Brothers and sisters
It is not required for the following practitioner to be a member of the AIPO for real estate service practitioners
real estate appraiser
real estate consultant
real estate broker
real estate salesperson
When a property which has been used for some time for commercial business continues to be used for commerce after its zoning has been changed to residential,
buffer zone use
local exception
nonconforming use
variance
Land is unique because
no two parcels have the same owners
no two parcels have the same tax levies
no two parcels have the same soil composition
no two parcels can occupy the same space on the face of the earth
A structure, either freestanding or part of another building, containing niches for the inurnment of cremated human remains
niche
columbarium
memorial park
mausoleum
. An obligation to the condominium corporation of unit owner
comply with the use restriction
sell the unit
repaint the unit
pay the realty tax on the unit
The condominium corporation may also be dissolved in a general special meeting duly called for the purpose by affirmative vote of
2/3 vote of the members
simple majority of the condominium members
all the members of the condominium corporation
majority of the members of the condominium common areas
The following person is not covered by the Code of Ethics and Responsibilities for real estate service practice.
Real estate salesperson
Real estate appraisers
Real estate consultants
Real estate dealers
The first chairman of the Professional Regulatory Board of Real Estate Service is
Bansan Chua
Eduardo Ong
Darwin Adlawan
Teresita Manzala
In case of an applicant for the examination for real estate consultants, proof must be shown that he/ she has years of experience as a licensed real estate appraiser or as a bank, institutional appraiser of
3 years
5 years
8 years
10 years
Which of the following is an example of the exercise of the sovereign right of police power?
eminent domain
escheat
zoning
taxation
The tax paid to BIR on a sale of a condo unit used a residence by the owner is also considered a _________
final tax
prepaid income tax
transfer tax
withholding tax
The ashes resulting from the cremation of a dead body
remains
cremains
ash remains
ashes
