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WorksheetsFinal Coaching Day 1 (AM) MCQ LAMS/RPVARA/ROW
Total questions: 145
Worksheet time: 2hrs 29mins
Which decree codified and updated all prior laws on property registration in 1978?
EO 649
PD 1529
PD 892
RA 1151
The first Public Land Act (Act No. 926) mainly covered which of the following, except:
Homesteading
Lease of timber lands
Sale of public domain
Cadastral surveys
Under Act No. 2874 (Second Public Land Act), judicial confirmation of imperfect title required possession since:
January 1, 1900
July 26, 1894
Time immemorial
Either B or C
The Mortgage Law of 1893 was primarily enacted to:
Grant vast estate to friars
Systematize registration of titles and possessory claims
Abolish communal ownership of ancestral lands
Create cadastral courts
Which agency was placed under the administrative supervision of the Ministry of Justice by EO 649 (1981)?
Land Registration Commission
NLTDRA
LRA
Bureau of Lands
The recording of an instrument gives
Documented notice
Legal notice
Actual notice
Constructive notice
The Torrens system is the present land registration in the Philippines covers:
both voluntary and involuntary involuntary registration of titles
both original and administrative registration of titles
both judicial and administrative registration of titles
both original and subsequent registration of titles
A kind of registration whereby the act is done through the courts:
voluntary
compulsory
judicial
administrative
The administrative reconstitution under RA 6732 of lost or destroyed certificates in the Registry of Deeds may be availed when the number of certificates lost or destroyed is at least __ of all times in the Registry
What percent is to be paid to the Registry of Deeds upon entry of certificate in the name of the owner of TCT, based on assessed value of land as contribution to assurance fund?
1/4 of 2%
1/2 of 2%
1/4 of 1%
1/2 of 1%
An annotation on the title which serves as a notice that the property is being held in reserve for whatever judgment may be rendered against the owner:
Writ of preliminary attachment
Deficiency judgment
Adverse claim
Notice of lis pendens
Defined as the inscription, recording or annotation of an act and contracts resulting to the ownership of and and other rights over land.
Land registration
Land dispute
Land Title
Land Ownerhsip
In ordinary proceedings of registration of title, the application is filed by the ____.
Registry of Deeds
Government
LRA
Owner/claimant
In cadastral proceedings of registration of title, the application is filed by the ____.
Registry of Deeds
Government
LRA
Owner/claimant
The function of the Registry of Deeds is ____.
Ministerial
Judicial
Quasi-judicial
None of the above
Present land registration in the Philippines covers both original and subsequent registration of titles which is more popularly known as:
Torrens system
Land registration
Torrens titling
Title registration
It is the first registration of land whereby and Original Certificate of Title (OCT) is entered in the Registry of Property.
Original registration
Original Certificate of Title
Subsequent registration
Transfer Certificate of Title
Original registration of title is processed in the ____.
Registry of Deeds
Land Registration Authority/DENR
Department of Justice
Department of Agriculture
Land Registration Authority (LRA) is under the administrative supervision of:
Department of Justice (DOJ)
Department of Environment and Natural Resources (DENR)
Office of the President
Department of Agrarian Reform (DAR)
When is publication not necessary whenever there are amendments to the application of registration?
When there is substantial change in boundaries
When there is joinder, substitution, or discontinuance of parties allowed by the court.
When there is inclusion of additional land.
When there is a major inclusion of land.
The form of deed used to return title to real estate to its owner when the debt secured by a deed of trust is paid in full is the:
Warranty deed
Tax deed
Reconveyance deed
Quitclaim deed
When the owner's duplicate certificate of title is lost, the registered owner shall file a petition in court for:
Judicial reconstitution
Administrative reconustituion
Quieting Deed
Issuance of new duplicate certificate of title
Which of the following statements is false?
The court can no longer reverse its decision after the LRA has already issued a decree of registration.
A land registration court has no jurisdiction to adjudge a land to a person who has never asserted any right of ownership thereof.
The judgement in land registration cases becomes final upon the lapse of 15 days counted from the receipt of the notice of judgement but the court continues to retain control over the case until the expiration of 1 year after the entry of decree of registration of the LRA
There is registration of united lands.
An adverse claim lapses after how many days from annotation in the Certificate of Land Title?
15 days
30 days
20 days
120 days
The following are purposes of land registration except:
To vest ownership of real property to an individual
To issue a certificate of title to the owner
To relieve the land of unknown claims
To quiet title
When can the Register of Deeds deny registration?
Where there is more than 1 copy of the owner's duplicate of title and not all are presented
Where there is forgery of the voluntary instrument but is unknown to everyone but the forger
Where the document is notarized 3 years before registration
Where the voluntary instrument bears an infirmity but the same is not apparent.
A kind of land registration whereby the act is instituted by the applicant under the provisions or Act 496 or PD 1529
voluntary
compulsory
judicial
administrative
A record of all instruments, including copies of writs and processes, affecting registered lands, which are entered by the RD in the order of their filing, upon payment of the proper fees.
Primary Entry Book
Day Book
Log Book
Entry Book
Which of the following is not a step to be taken in the release of a mortgage?
Application with the sheriff's office
Payment of the obligation
Execution of the Deed of Release
Registration of the Deed of Release
Lara annotated an adverse claim on 05 May 2025. She filed no court case. On June 6, 2025, the Register of Deeds unilaterally struck it out. Did the Registry of Deeds acted within his power when he erased the annotation motu propio after the 30-day period
True
False
In August 28, 2024, Paolo applied for judicial confirmation of his imperfect title, showing proof of possession of an A & D parcel only since 1998.
Paolo already satisfies the statutory period of possession under the amended CA No. 141.
True
False
A decree dated January 10, 2024 is alleged to have been procured by fraud. The aggrieved neighbor files her petition with the Land Registration Authority on December 15, 2024.
Argument: Her petition is timely and filed in the correct forum.
True
False
Scenario
Ben sold TCT-covered lot to Carla on March 12, 2025, but Carla failed to register the deed. A week later, Ben mortgaged the same property to BPI Bank and the mortgage was registered the same day.
Argument
Carla's earlier (but unregistered) sale prevails over BPI Bank's registered mortgage.
True
False
Scenario
Hugo refiles the same adverse claim every 28-29 days while his civil case is pending in the court.
Argument
Serial renewals are allowed and preserver Hugo's priority.
True
False
Scenario
Kris discovered the fraud five years after the decree but remained in physical possession of the land. She sues for reconveyance.
Argument
Her action is imprescriptible while she retains possession of the property.
True
False
Scenario
After losing the quiet title case, plaintiff Javier received an adverse judgment dated A3 April 2025. The defendant promptly secured a Certificate of Finality from the clerk of court and registered it with the Register of Deeds (RD) asking that the 2019 notice of lis pendens be cancelled. The RD refused, insisting on a separate court order.
Argument
The RD was correct; a distinct court order is still required before a lis pendens can be erased from the title.
True
False
After a minor file in the Registry of Deeds, an inventory showed that 160 Transfer Certificates of Title out of about 25, 000 kept by that registry were totally destroyed, Karen, whose title is among those lost, files an application for administrative reconstitution with the Register of Deeds (RD), attaching her owner's duplicate and other supporting papers.
True
False
Is a rant of public land to persons seeking to establish and maintain agricultural home based on actual, continuous, and personal occupancy of the area as a home, including cultivation and improvement of the land.
(a)
59. Program of LRA’s state-of-the-art information technology to preserve the stability and integrity of land ownership and maintain the trust and confidence of the public in the Torrens System and to enable the quick and secure registration of land titles in the country.
Land Titling Computerization Project
Land Title Computerization Project
Land Computerizing Project
Land Titling Computerization Progran
70. A Certificate from the DENR-CENRO alone ordinarily cannot prove that land is alienable and disposable, courts require the original classification map or a duly certified copy, Senario: Gina’s sole evdence at trial is a CENRO Certification stating the land is A&D.
Standing alone, GIna’s CENRO Certificate is sufficient to establish the public-land classification.
True
False
Is the confirmation of imperfect title through administrative or judicial procedures. They are acquired by Filipino citizens, who, by themselves, or through their predecessor-in-interest, have been in open, continuous, exclusive, and notorious possession and occupation (OCENPO) of the public domain, under a bona fide claim of ownership, for atleast twenty (20) years.
(a)
The title awarded to the highest qualified bidder, but it may cover only up to 1, 000 square meters of land.
(a)
A public instrument issued by the government confirming the grant by the State of the ownership over a parcel of agricultural land (alienable and disposable) in favor of a grantee.
(a)
76. Under Republic Act No. 730, what is the maximum area (in square meters) of alienable and disposable public land that a qualified applicant may purchase for residential purposes through a Miscellaneous Sales Application (MSA) and receive under a Miscellaneous Sales Patent (MSP)?
Is a legal document or title issued by the government that grants ownership rights to an individual or entity. It is a mode of acquiring public land that is primarily used for residential purposes and allows qualified individuals, specifically those who have been in continuous and exclusive possession of a land for a certain period of time, to apply for ownership and secure titles from the government.
(a)
What court has jurisdiction over the registration certificate of title?
(a)
Common law remedy for the removal of any cloud, doubt, or uncertainty affecting real property. It is an action brought before a court to remove a cloud to real property or any interest therein.
(a)
A notice recorded in the Registry of Deeds that warns all third parties that a parcel of real property is subject to pending court litigation whether to recover possession, quiet, or clear title, partition the property, or in any other proceeding directly affecting its title, use, or occupation.
(a)
Under RA 11231, must an agricultural free-patent owner wait fiver years before mortgaging the property?
Six years after issuance, may the same owner freely sell the land?
The maximum land area that may be covered by a free patent or judicial-confirmation case under RA 11573
How many years of open, continuous, exclusive, and notorious possession now qualify an occupant for judicial confirmation of title?
At which DENR field office must every new agricultural free patent application be filed?
What is the longest period in calendar days that the CENRO/PENRO may take to process a free patent application before forwarding it for approval?
After CENRO review, where is the recommendation sent when the parcel is below 5 hectares?
If the land area is atleast 5 hectares but not more than 10 hectares, who receive the CENRO's recommendation?
For applications covering more than 10 hectares up to the 12 hectare ceiling, which official must act on them?
Once the PENRO, Regional Director, or Secretary receive the recommendation (or the 120-day processing window lapses), within how many days must they approve or deny the free patent application?
Type of land classification is covered by RA 10023
Maximum lot size allowed in a highly urbanized city under RA 10023
(a)
Maximum lot size in all other municipalities
Maximum lot size in other cities
Maximum lot size in 1st and 2nd class municipalities
Minimum period of actual residence and continuous possession an applicant must prove
A residential free patent under RA 10023 may be mortgaged immediately without DENR approval
True
False
Ana occupies a 1200 sq meters residential lot in a second class municipality and is therefore qualified to apply for a free patent title under RA 10023
True
False
What special instrument may be issued for public plazas, schools, or municipal halls occupying public land under Section 4?
(a)
Land ownership and other real rights or obligations may be acquired through lapse of time.
(a)
What is the required proof that the land is alienable and disposable under RA No. 11573?
(a)
A property owner has (a) days from receipt of the Implementing Agency's written price offer to accept it before the IA may proceed to expropriation.
If the owner rejects the offer or fails to submit required documents, the Implementing Agency must immediately initiate the (a) proceedings.
The ____________ agency (IA) shall shoulder, on behalf of the seller/owner, the Capital Gains Tax (CGT), Documentary Stamp Tax (DST), transfer tax, and registration fees, while the _____ shall settle any unpaid real-property tax.
Two cousins, Ian and Lira, each filed a residential free-patent application over the same 450 square meter lot in a first class municipality. The CENRO discovers the overlap, notes that both sets of affidavits and tax receipts appear genuine, and records the dispute in its endorsement. Because of the conflict, the PENRO cannot approve either patent.
To resolve ownership so the winning party can eventually receive a free patent, what is the proper next step open to Ian and Lira?
Request DENR arbitration under the Public Land Act.
Appeal directly to the Office of the President
Seek the appropriate action in the proper trial court for judicial determination of ownership
Ask the Registry of Deeds to pick the first filer
A ______ is a person who, before lawfully transferring the parcel of land to the applicant, had held and possessed it in his or her own right under color of title acquired through any lawful mode of acquisition.
Predecessor-in-interest
Beneficiary
Transferee
Administrator
Arrange the steps for transferring a Certificate of Title after the Deed of Sale has been notarized.
A. Go to the ROD to register the Deed and obtain new TCT/CCT
B. Secure the eCAR by paying CGT and DST before the BIR
C. Update the Tax Declaration in the buyer's name at the Assessor's Office
D. Pay the Local Transfer Tac at the City or Provincial Treasurer's Office
B-D-A-C
B-C-D-A
B-A-C-D
B-D-C-A
Administrative Titling of Residential Land under RA 10023 (Residential Free Patent). Arrange the following actions in their proper chronological order.
A. CENRO posts the 15-day public notice, inspects the lot, and finishes all verification within the 120-day processing window.
B. Applicant files a complete Residential Free Patent application with the CENRO(Survey plan, A&D proof, tax decs, IDs, fees, etc)
C. PENRO reviews CENRO's recommendation and within 5 days, approves and signs the patent, then transmits it to the ROD
D. ROD registers the Patent and issues an OCT in the name of the applicant
E. WIth the new OCT the owner updates the Tax Declaration at the Assessor's Office
B-A-C-D-E
B-C-D-A-E
B-A-C-E-D
Upon the execution of a Deed of Sale, the IA shall pay the property owner:
__% of the negotiated price of affected land, exclusive of the payment of unpaid taxes remitted to the LGU concerned and
__% of the negotiated price of the affected structures, improvement crops, and trees, exclusive of unpaid taxes remitted to the LGU concerned.
Upon filing the expropriation complaint, the IA (Implementing Agency) must immediately deposit with the court in favor of the owner __% of the land's value, based on the current BIR zonal valuation issued not more than _ years before the complaint is filed.
Administrative Titling of Agricultural Land through Free Patent under RA 11573. Arrange the following actions in their proper chronological order.
A. Register the signed Free Patent with ROD and obtain OCT
B. CENRO or PENRO completes investigation, 15 day notice posting, and full evaluation of the application within 120 days.
C. Applicant or representative files a complete Agricultural Free Patent Application and pays P150 filing fee at the CENRO or PENRO
D. Depending on lot size the PENRO/RED/DENR Secretary reviews and signs or disapproves the patent within 5/25/35 days then forwards the signed patent to the ROD within 5/10/15 days
E. After the receipt of OCT, the owner updates the Tax Declaration at the Assessor's Office
C-B-D-A-E
C-B-A-D-E
C-B-E-A-D
C-B-D-E-A
If the owner is unknown, cannot be found, is deceased with an unsettled estate, there are conflicting claims over the property, the Implementing Agency (IA) must deposit the amount to the ______.
Arrange in chronological order the process of Transferring privately owned agricultural land by sale (Ordinary OCT and not CLOA)
A. Secure a DAR Land Transfer Clearance
B. Present the Deed, owner's duplicate title, DAR Clearance, eCAR, Transfer Tax at the ROD to register the Deed and obtain new TCT
C. Pay the local Transfer Tax at the Treasurer's Office
D. Bring the new TCT to the Assessor's Office and have the Tax Declaration transferred to buyer's name
E. Go to the BIR to file the sale, pay CGT and DST and claim eCAR
E-C-A-B-D
E-C-B-A-D
E-B-C-A-D
E-C-A-D-B
Under Section 112 of CA No. 141, the right of way strip reserved for public use may not exceed (a) meters in width.
Under Presidential Decree No. 635 (January 7, 1975) later enlarged that reserve (20 meters) to a width not exceeding (a) meters.
For sub-surface right-of-way, the government may enter and use the underground portion of a property without the surface owner's consent when the work is carried out more than (a) meters below the surface.
The State may appropriate private land for a "National Government Project" as defined in Section 3 of RA 10752 except for which undertaking below?
Extention of light-rail transit line
Development of a private golf-course resort and clubhouse
Installation of new flood-control and drainage systems
Construction of a government regional hospital
Which valuation term is defined as the "cost necessary to replace the affected structure or improvement with a similar asset based on current market prices?"
fair market value
replacement cost
salvage value
depreciation
Which term means "a part or the entirety of a property, site, or location---within defined physical boundaries---used or required by a national government project"?
Easement Strip
Contruction Corridor
Right-of-way
Servitude Zone
Which of the following does NOT represent a mode recognized by Section 4 of RA 10752 for acquiring real property or right-of-way for national government project?
I. Donation, Negotiated Sale, Expropriation
II. Exchange or Barter, Lease for 25 years (renewable), Easement for ROW
III. Acquisition under CA 141, Acquisition or subsurface ROW
IV. Tax Delinquency Sale
I only
II only
IV only
II and IV
In a negotiated sale, the Implementing Agency (IA) compensates the owner by paying the sum of several items. Which is not one of those mandatory components?
Current Market Value of the Land
Replacement Cost of the existing structure and improvements
Current Market Value of Crops and Trees on the land
Appraised Sentimental Value of the land
When Implementing Agency (AI) needs a valuation to set its price offer for a negotiated sale under RA 10752, which of the following may the IA legally engage--with priority whenever applicable--to prepare the appraisal report?
Private real estate appraiser with proven appraisal experiance selected through competitive process
government financial institution (GFI) with proven appraisal experience, selected through a competitive process
Individual licensed real estate appraiser by the professional regulation commission and not accredited by the BSP
A city assessor's office in the project area hired via emergency procurement
When drafting a Terms of Reference (TOR) for Property Appraisal Services pursuant to RA 10752, arrange the following sections in logical order normally required by procurement guidelines.
1. Standards and Specifications
2. Desired Outputs/ Deliverables
3. Background of the Project
4. Duration of the Service and Timetable for Delivery
5. Objective of the Services
3-5-2-1-4
3-2-5-1-4
5-3-1-4-2
5-3-1-2-4
Arrange the Step-by-step guide for expropriation of ROW for National Infrastructure.
1. File the Case IA files the exproriation complaint.
2. Compute Initial Deposit- Land Value + Replacement Cost of Improvements + Value of Crops and Trees
3. Deposit the Just Compensation in court - AI places the full computed amount with the court
4. Court Issued Writ of Possession - Order to take possession; AI may enter and start the project
5. Court releases the monet presents proof of ownership and received the deposit
6. Transfer the Title to the Republic of the Philippines - title is conveyed to the government
7. Pay taxes - AI pays DST transfer tax registration fees owner settles cgt and any unpaid real property taxes
1-2-3-4-5-6-7
2-1-3-4-5-6-7
1-3-2-4-6-7-5
1-2-3-5-6-7-4
The DPWH needs only a perpetual easement strip (no full taking) across Don Ramon's 2-hectare mango farm for an underground flood contril tunner, a circumstance covered by Section 11(a) of RA 10752's IRR. To fix a fair offer, the IA hires an inderpent property appraiser accredited by the BSP. The appraiser's report sets the market value of the affected land area at P8,000,000. No structures and trees are involved. What case amount should DPWH first offer Don Ramon for the land portion of the perpetual easement?
Php 800,000
Php 1,600,000
Php 2,000,000
Php 8,000,000
During the widening of a National Hiway, the government needs 800 sqm of Mr. Juan Dela Cruz roadside lot for the expansion of road. Instead of receiving cash, Mr. Cruz asks DPWH to transfer him an old unused 800sqm governement lot located right beside his remaining property. Records show that the government lot was originally donated to the State 10 years ago for road purposes.
Under the rules on exchange or barter in RA10752 and its IRR the DPWH may grant Mr. Dela Cruzs request only if:
the two lots are of equal market value and original deed of donation contains no conditions that bars the government from disposing of the donated lot to private persons.
the government lot is bigger than the portion taken from Mr. Cruz regardless of market values or donor restrictions
the donor of the government lot consents, even if the two properties differ in market values
Mr. Dela Cruz agrees to shoulder all taxes and registration fees waiving any right to contest valuation later on
The National Waterworks Authority (NWA) must lay an underground pipeline that will cross only 30sqm of Mr. Dela Cruz's 1 hectare farmland. A Geodetic Engineer estimates that segregating and titling the 30sqm strip would cost nearly five times the strips current BIR Zonal value. Mr. Dela Cruz's therefore agrees to let NWA acquire area through an easement of right-of-way instead of a full purchase.
Under section 10 of IRR of RA 10752, NWA complies correctly with the law only if:
it executes a written ROW Agreement with Mr. Dela Cruz, pay gum the BIR Zonal Value of the 30sqm plus replacement cost of any affected improvements and causes the agreement to be annotated on the title within the prescribed period of 10/7 days.
files and expropriation case deposits 100% of the land's current market value in the court and waits for the writ of possession before entering the land
takes immediate possession of the 30 sqm strip without prior payment because the area needed is minimal and for the public welfare
pays Mr. Dela Cruz annual rent equal to 10% of the lands assessed value but need not register the easement since ownership remains with him
When the parcel of land is wholly affected by the national government right of way acquisition under RA 10752, the remaining 50% of the negotiated land price must be paid to the owner__________.
At the time the title is transferred to the Republic of the Philippines
At the time the Deed of Sale is merely annotated on the title
Upon issuance of Writ of Possession by the Court
After completion of the infrastructure
When an owner files an outstanding claim for ROW payment, the government offer must be based on ______________.
the price the property at the time of taking plus legal interest until fully paid.
the latest provincial assessment value adjusted by the consumer-price index
the current market value determined at the time of payment
zonal value published by the BIR on the date of fund release
Which of the following refers to the information system developed and to manage land records efficiently and deliver land related services and transactions to the public more effectively.
Land Distribution
Land Administration
Land Administration and Management System
Land Registration System
Identify the primary goal of the Land Administration and Management System (LAMS)
Automate real property tax collection for local governmetns
Improve access to land records and enhance the quality of land administration services
Digitize cadastral maps solely for use by private surveryors
Create a national title insurance program
183. Which component serves as the spatial reference backbone for the Land Administration and Management System (LAMS)?
Digital Cadastral Database (DCDB)
Transaction Tracking System (TTS)
First In, First Out (FIFO) Queue
Client Transaction Monitoring (CTM) Module
184. All of the following are operational benefits touted by LAMS except:
Prevention of double titling
Built in transaction tracking for transparency
Automatic computation of capital gains tax for land transfers
Cheaper access to land information for LGUS and the public.
185. Which Department Administrative Order formally adopted LAMS an mandated its use to safeguard land-data integrity and speed up land-transaction processing?
DAO 2008-12
DAO 2010-18
DAO 2015-05
DAO 2016-01
Type the year of the milestone roadmap of LAMS
191. DOF issues D.O. 37-09 adopting Philippine Valuation Standards PVS
192. Type the year of the milestone roadmap of LAMS
VGGT- based update of the PVS under UN FAO
193. Type the year of the milestone roadmap of LAMS
Executive Order No. 467 sets implementation rules for LAMP 2
211 - 212. It is the policy of the State to promote the sustainable development and maintenance of a just, _________, _________ and nationally consistent real property valuation based on international valuation standards, concepts, principles, and practices.
223. The BLGF must revise the PVS every (a) years or as needed.
Tasked with overseeing all valuation activities and supervising every schedule of market value (SMV) within its jurisdiction, this office carries out its mandate through the Regional Director
(a)
Select the item that is not considered real property under RA 12001
Land
Building
Franchise rights
Improvements
A new service that is responsible for developing and updating the Philippine Valuation Standards (PVS) and related regulations, assisting in policy formulation, and planning for real property valuation and providing LGUs with technical assistance and capacity-building in appraisal work.
Revenue Integrity Service
Real Property Valuation Service
Asset Management Service
Real Property Valuation Unit
Section of RA 12001 that grants real property tax amnesty
19
26
30
34
Non submission of transaction data to the BLGF can lead to fines and suspension up to (a) year(s)
Under the RPVARA, when are all provincial, municipal, city assessors required to update their respective Schedule of Market Values (SMVs)?
Within 1 year from the approval of the Act or not later than July 5, 2025
Within 2 years from the approval of the Act/not later than July 5, 2026
Within 3 years from the approval of the act/ not later than July 5, 2027
Within 6 months from the approval of the Act/ not later than December 31, 2025
The Commissioner of Internal Revenue shall use the ____ or ____ in consideration, as stated in real property transaction documents, whichever is higher, in computing any internal revenue tax.
Zonal Value or the SMVs
Zonal Value or the Selling Price
SMVs of the Selling Price
SMVs only
Who provides free ICT equipment and connectivity to LGUs for valuation automation?
Department of Informations and Communications Technology
Department of Information and Communications Technology
Department of Info and Communications Technology
Department Infographic and Communications Technology
A BLGF issuance dated January 6, 2025 which reiterated the RPVARA tax amnesty program. That memorandum circular is numbered:
001-2025
002-2025
003-2025
004-2025
The BLGF is currently headed by
Ma. Chalomel L. Robles
Consolacion Q. Agcaoili
Bayani H. Agabin
Rosario O. Manasan
Total time allowed for drafting, publishing, and consulting on a new SMV after BLGF notice?
(a)
Minimum posting period before the first public consultation.
(a)
All consultations must occur within (a) days before submission to the BLGF
BLGF Regional Office must review and endorse within (a) day of receipt
After regional endorsement, the BLGF Head/RPVS has __ days to forward to the Secretary of Finance
Select the factor that would generally not be considered important in the appraisal of a cemetery
Location relative to urban centers
Population trend and predominant religious affiliation
Decorative style of the cemetery’s entrance gate
Fiscal operations, including sources of income and expenses
Marked by stone memorials like churchyard burial grounds
Cemeteries
Monument Cemeteries
Lawn Cemetery
Garden Memorial Park
Stretches of land, almost bare except for markers
Cemeteries
Monument Cemeteries
Lawn Cemetery
Garden Memorial Park
Modification of the lawn cemetery. It is distinguished by sculptural and architectural features centered in its section or garden which achieves individuality and removes the monotony of long stretches of lawn.
Cemeteries
Monument Cemeteries
Lawn Cemetery
Garden Memorial Park
Appraisal of cemeteries, being investment properties is best valued using what approach
Cost Approach
Market Data
Comparative Approach
Income Approach
Valuing individual plots in a cemetery or memorial park can be valued using what approach?
Cost Approach
Market Data/Comparative Approach
Income Approach
Cost Approach and Income Approach
Hospital beds and hospital equipment are considered part of the hospital building
True
False, hospital beds and equipment are furniture
Maybe
No
In valuing land of gasoline stations, what approach is being used?
Cost Approach
Market Data/Comparative Approach
Income Approach
Rental Income
A group of commercial establishments, planned, developed, owned, and managed as a unit with street parking provided on the property
Retail Shop
Shopping Center
Wet Market
Estates Development
Below are the elements to be given special emphasis in appraising of shopping malls, except:
A market survey must be prepared
Sale of commercial properties in the vicinity can be used as basis of valuation
Valuation of land must be based on capitalization of annual residential net income
The property must be valued as an aggregate (whole)
Each separate unit in a condominium project should be appraised
Independently
As a whole
per floor
per square meters
When valuing an individual condominium unit, the most appropriate appraisal approach is:
Cost approach
Market Data/Comparative Approach
Income Approach
Cost Approach and Income Approach
To test the economic soundness of a condominium investment property, the appropriate formula is:
Value = net income/capitalization rate
Value = net income x capitalization rate
Value = gross income/capitalization rate
Value = gross income x capitalization rate
When appraising a specialized property such as a hotel or hospital, the valuer should:
combine business and real estate interests into one undivided value
allocate separate values to the business interest and to the real estate interest
ignore the business component because it is intangible
value only the land and exclude the building improvements
For real property tax purposes, the annual assessment on a private lessee of public timber or forest land must be based on:
the market value of the marketable timber actually cut during the preceding year
the total allowable cut specified in the lease agreement
the zonal land value issued by the BIR
the replacement cost of any forest-management improvements
In appraising mineral or quarry land, the extraction rate is critical because it determines the:
remaining life of the quarry, the volume of income, and the speed at which that income is realized
only the depreciated replacement cost of processing equipment
zonal land value published by the BIR
Salvage value of site improvements
A quarry type property is most appropriately valued by:
computing the present value of future net income and adding a residual land value at the end of the quarry’s productive life
adopting the latest provincial assessment schedule without adjustment
applying the sales comparison approach using nearby agricultural land sales
estimating replacement cost new less the depreciation of the processing plant
When appraising an operating gasoline station, the assessor must:
treat the monthly fuel sales volume as part of the real estate interest
apply the estimated replacement cost of pumps and canopies as the soles basis
separate the business value tied to fuel sales from the underlying real estate value
value the property purely on land area using comparable vacant sites
Identify the property type that is not classified as special purpose property
Hospital
Mineral or Quarry Land
Unique Single family residence
Gasoline station
Which of the following is not a component of the Land Administration and Management System (LAMS)?
Inspection, Verification and Approval of Surveys (IVAS)
Digital Cadastral Database (DCDB) Cleansing Tool
Public Land Application (PLA)
Client Transaction Monitoring (CTM)
eSurvey Plan
What are the purposes of RPVARA?
I. Establish and maintain standards, based on the Philippine Valuation Standards (PVS), to govern real property valuation nationwide.
II. Adopt market values as single valuation base for real property taxes and for the government transactions involving real property.
III. Promote the fiscal autonomy of LGUs by enhancing their capacity to generate local revenues from real property.
IV. Provide a comprehensive and up-to-date manual database of all real property transactions
V. Promote the use of innovative digital technology in local and real property tax administratio
I, II, III, IV, V
I, II, III, V
V, IV, III, I
IV, III, II, I
What are the functions of the RPVS (Real Property Valuation Service)?
I. Develop and maintain the Philippine Valuation Standards (PVS) and related regulationsand ensure LGU Compliance
II. Provide technical assistance and capacity-building interventions to LGU on real property valuation
III. Conduct monitoring, evaluation, and review of the SMVs submitted by the LGUs to ensure adherence to the PVS, valuation policies, and standards.
IV. Implement the Real Property Information System in coordination with the DICT
V. Authorize and approve all real property tax rates set by LGU
I, II, III, IV, V
I, II, III, IV
V, IV, III, I
IV, III, II, I
Which of the modes of publishing and posting is not necessary in disseminating the certified SMV?
newspaper of general circulation
official gazette or in the DOF Official Website
official website of the province, city, or lone municipality of the Metro Manila or tghe PHIVIDEC-IA
Two (2) conspicuous public places or principal office of the PHIVIDEC-IA
