Group 9

Resa Law Answer and Questions

1. The concurrent President of the Philippine Association of Professional Regulatory Boards (PARB)
is:
a. Hon. Teresita Manzala c. Hon. Jeniffer Manalili
b. Hon. Eduardo G. Ong d. Hon. Alfredo Y. Po

2. From the effectivity date of the Real Estate Service Law, all existing and new positions in the
national and local government whether career, temporary, contractual or permanent and
primarily requiring the services of real estate practitioners shall be filed only by registered and
licensed real estate services practitioners within a period of how many years?
a. 1 c. 3
b. 2 d. 5

3. Article 4 Section 26 specified the Professional Indemnity Insurance/Cash or Surety Bond in the
amount of:
a. At least P20,000.00 c. over P20,000.00
b. P20,000.00 more or less d. not less than P20,000.00

4. No person shall be allowed to practice real estate service unless he complied satisfactorily with
any and all of the following requirements except:
a. Passed all the licensure examinations given by the Board
b. Holder of a valid brokers certificate and ID card
c. Holder of a valid special/temporary permit
d. Filipino-American citizen

5. A duly registered and licensed real estate service practitioner is mandated by the R.A. 9646 to
be an automatic member of the Integrated national organization referred to as the:
a. Accredited Integrated Professional Organization of Real Estate Service
b. Accredited Professional Organization
c. Accredited Integrated Professional Organization
d. Accredited Integrated Professional Organization of Real Estate Service Practitioners

6. R.A. 9646 is referred to as the:

a. Real Estate Service Act of 2008
b. Real Estate Service Act of 2009
c. Real Estate Service Act of 2010
d. Real Estate Service Act of 2011

7. Any violation of R.A. 9646, including that of the IRR shall be meted the penalty of a fine of not
less than:
a. P200,000.00 or imprisonment of 2 years or both
b. P100,000.00 or imprisonment of 2 years or both
c. P100,000.00 or 2 yrs imprisonment or both upon the discretion of the court
d. P200,000.00 or 2 yrs imprisonment or both upon the discretion of the court
8. No partnership or corporation shall engage in the business of real estate service unless it is duly
registered with the ___________.
a. PRC c. PRB-RES
b. SEC d. Stock Exchange

9. In carrying out the provisions of the Real Estate Service Law as well as implementing rules and
regulations and the AIPO shall assist the:
a. PRC c. CHED
b. PRB-RES d. PhilRES

10. Every registered licensed real estate service practitioner shall establish and maintain a principal
place of business and is required to display the following except:
a. Original Certificate of Registration
b. PRC Certificate of Accreditation
c. Professional Identification Card
d. Professional Tax Receipt

11. The Board shall create a CPE Council consisting of the following excluding:
a. A chairperson coming from PRB-RES
b. A member from the AIPO
c. A member from the academe
d. A member from the PRC

12. The Chairman of the PRC shall include in the Commission’s Programs the Implementation of the
Act. The funding of which shall be included in the:
a. General Appropriations Act c. General Program of the Commission
b. General Information Sheet d. General Revenue Act

13. The Real Estate Service Act is consolidation of Senate Bill No. 2963 and House Bill No. 3514 and
was finally passed by the Senate and the House of the representatives on:
a. July 28, 2008 c. June 29, 2009
b. May 12, 2009 d. July 21, 2010

14. The Real Estate Service Act enacted into law on June 29, 2009. It became effective 15 days after
its complete and full publication in the:
a. Official Gazette c. Philippine Daily Inquirer
b. Bulletin Today d. Philippine Star

15. In case the violation of R.A. 9464, including that of the IRR is committed by an unlicensed real
estate service practitioner, the penalty is:
a. P200,000.00 or imprisonment of 2 years or both upon the discretion of the court
b. P100,000.00 or imprisonment of 2 years or both upon the discretion of the court
c. P100,000.00 or 4 years imprisonment upon the discretion of the court
d. P200,000.00 or 4 years imprisonment or both upon the discretion of the court
16. The Board shall not adopt and promulgate the Code of Ethics and Responsibilities for real estate
service practitioners which shall be prescribed and issued by the:
a. PRC c. CHED
b. PRB-RES d. AIPO

17. The PRB-RES shall register and issue a certificate of registration to any successful examinee who:
a. Has been convicted by court of any criminal offense involving moral turpitude
b. Was found guilty of immoral/dishonorable conduct after investigation by the Board
c. Is of good moral
d. Was founded to be psychologically unfit

18. Upon the order of the President of the Republic of the Philippines, the Chairperson and the
members of the Board may be suspended or removed from office after due notice and hearing:
a. In a proper professional investigation
b. In a proper judicial investigation
c. In a proper administrative investigation
d. In a proper demonstrative investigation

19. The Chairperson and the member of the Board may be suspended or removed from office after
due notice and hearing in a proper investigation based on the following grounds, except:
a. Neglect of duty and abuse of power c. Conduct of the Board Examinations
b. Oppression and incompetence d. Immoral, dishonorable/unethical conduct

20. Which of the following subjects is not included in the Scope of Examination for Real Estate
Brokers Licensure Examination?
a. Real Estate Laws & Taxation c. Basic Principle of Ecology
b. Documentation & Registration d. Theories & Principles in Appraisal

21. Under Article V Section 42. Implementing Rules and Regulations – After the effectivity of the Act,
the Board together with the AIPO, the Dept. Head of Finance and the CHED, shall within a period
of 6 months, prepare the IRR including the:
a. Implementing Guidelines c. CPE Council
b. Code of Ethics & Responsibilities d. Table of Specifications of Examinations

22. Which of the following subjects is not included in the Scope of Examination for Real Estate
Appraisers?
a. Basic Principles of Appraisal c. Methodology of Appraisal Approaches
b. Real Estate Finance and Economics d. Geographic Information Systems

23. Under the RESA Law, in order that an appraiser candidate may be deemed to have successfully
passed the examination, he/she must have obtained an average of at least;
a. 75% in all subjects
b. 70% in all subjects
c. 75% in all subjects with no rating of less than 50% in any subject
d. 70% in all subjects with no rating of less than 50% in any subject
24. One of the following subjects is not included in the Scope of Examination for Real Estate
Consultants?
a. Fundamentals of Consulting
b. Real Estate Finance and Economics
c. Land Management Systems and Real Property Laws
d. Real Estate Appraisal and Investment Analyses

25. In carrying out the provisions of the Real Estate Service Law as well as implementing rules and
regulations and the AIPO shall assist the:
a. PRC c. CHED
b. PRB-RES d. PhilRES

26. The Realty Service Practice is a noble profession, calling or occupation and those engaged
therein shall abide by and comply with all the:
a. Laws c. Orders
b. Decrees d. Rules and Regulations

27. All real estate practitioners shall maintain adequate knowledge, competence and expertise in
real estate development and management and the upgrading of the standards of practice shall
be effected when the need arises; all these for, and in the interest of the:
a. Social and economic progress of the country
b. Moral upliftment of the profession
c. Upgrading of the real estate industry
d. Continuing profession education

28. Sec. 6 of Art 1 – Declaration of Principles of the Code of Ethics for Realty Service Practitioners
States the Golden Rules as:
a. “Treat others as you want them to be treated.”
b. “Do not do unto others what you want others do unto you”
c. “Do unto others what you want other do unto you”
d. “Treat others as you like them to treat you”

29. In its relation to the Government, the practitioner should do all or any of the following
excluding:
a. Secure all necessary permits and licenses before engaging in the practice
b. Pay all fees, taxes, dues, levies or charges imposed by the government
c. Encourages, tolerates/participates in the evasion or reduction in the payment of taxes
d. Should indicate the license number in the billboard, dry seal and all advertisements in
relation to the practice
30. One of the following is not a violation of the National Code of Ethics,
a. Offer or agree to pay to, split or rebate any commission, fee or valuable consideration
b. Encourage, abet, tolerate or participate in the evasion or illegal reduction in the
payment of all taxes, fees, dues, levies or charges that may be imposed by the
government
c. Pay only any and all taxes, fees, dues, levies or charges that the government discovered
and those that may be imposed in accordance to the law, ordinance, or rules and
regulations
d. Should indicate the license number of the certificate issued by the PRC PRB-RES in its
letterhead, dry seal, signboard, billboard, advertisement or other announcement in
relation to the Realty Service Practice

31. Listed below excluding one are the good relations of the practitioner to his clients and customer,
which the practitioners should always observe:
a. Should undertake to make an appraisal or render an opinion that is within the field of
his experience and competence
b. Pledge him with utmost fidelity and good faith to protect and promote the interest of
his client sacrificing the legitimate interest of the other party in the transaction
c. Accept any commission, fee or any valuable consideration from any party in any
transaction except from his client unless with the full knowledge and consent of all the
parties in the transaction
d. Act as witness in a court proceeding and give his testimonies in the most unbiased,
honest, truthful and professional manner

32. When a practitioner accepts a listing from another broker, the agency of the broker who offers
the listing should:
a. Not be respected until it has expired
b. Not be passed to a third broker
c. Be published in a daily newspaper
d. Not have the knowledge and consent of the listing broker

33. Identify which of the following is not ethical with respect to a realty practitioner’s relations to
his Organization including the National Association to which his Organization is affiliated:
a. The obligation to serve honestly, selfishly, diligently and properly
b. Should support his organization morally and financially and to actively support its plans,
programs and projects for the benefit of all the members of the organization or
association
c. Should exhaust all administrative remedies available under the existing laws, rules and
regulations before taking any judicial or quasi-judicial action
d. Should support other organization morally and financially and to actively support its
plans, programs and projects for own personal growth

34. The National Code of Ethics governs the rules of conduct of all realty practitioners duly licensed
by the:
a. PRC c. PhilRES
b. PRB-RES d. CHED
35. The scope of brokerage are as follows, but not:
a. Authority to look for a property
b. Engagement to look for a buyer
c. Procurement of loans secured by real estate
d. Procurement of tenants for sale purpose

36. A Real Estate Broker licensed over ten (10) years are qualified to be appointed as member of
the:
a. Broker’s Licensure Examination Committee
b. Board of Real Estate
c. CPE Council
d. PRC

37. To assure faithful and honest discharge of duties of a real estate broker renewal of his license,
he is required to secure which of the following:
a. Bond/Insurance, NBI Clearance, 60 hours CPE
b. Bond/Insurance, NBI Clearance, 120 hours CPE
c. Bond/Insurance, NBI Clearance, 180 hours CPE
d. Bond/Insurance, NBI Clearance, 240 hours CPE

38. R.A. 9225 (Citizenship Retention and Reacquisition Act) dated August 29, 2003, provides that
natural born citizens of the Phil’s who have lost their citizenship by reason of their naturalization
as citizens of a foreign country are deemed to have reacquired Philippine citizenship (who shall
thereafter enjoy full civil and political rights) after compliance with what process?
a. Submission of an affidavit of good faith
b. Taking an oath of allegiance
c. Submitting DOJ with sworn statement of five (5) credible, Filipino guarantors
d. Deposit of P1 million with the bid

39. Any of these acts shall be the grounds for revocation of license, except:
a. Misappropriation c. Paying and receiving rebate
b. Misrepresentation d. Non-payment of PTR

40. A broker has just received from a fellow broker’s client/buyer, written offer to purchase a
property of his client/seller, together with a check for earnest money payment. Which of the
following steps is the most proper and ethical for him to take?
a. Call another fellow broker whose client is also interested in the property in the hope
that they can top the offer
b. Call the seller immediately to inform him about the offer and submit it at the soonest
possible time, both the written offer and the earnest money
c. Show the offer to another p (prospective buyer in the hope of getting better price or the
property
d. Reject the first offer outright based on his opinion that the offered price is too low and
tell his fellow broker who submitted the offer to convince the buyer to make a higher
offer
41. Tenancy in severalty refers to
a. Ownership by a married couple c. Ownership by blood relationship
b. Ownership of one person d. Ownership by unrelated people

42. Eminent domain is

a. The right of the government to take private property for public use
b. The power of the government to take private property for future use
c. The ancient form of ownership not common today
d. The right of the people to take government property for housing

43. Real Estate is defined as

a. Land and building c. Land and everything growing in it
b. Land and all permanent attachments to it d. Land only

44. Real property is defined as

a. Real estate owned by someone c. Land plus title
b. Land and all the improvement d. Real estate and the bundle of rights

45. Which of the following is not really

a. Fee simple estate c. Lumber
b. Leasehold for indefinite duration d. Life estate

46. An easement in gross

a. Covers an entire property and all c. Extends to the general public
b. Extend to one person only d. Occurs when the public has used
private land

47. If government takes a private property it must

a. Make just compensation c. Both A and B
b. Require the property for public use d. Neither A and B

48. An item of personally that is affixed to realty so as to be used as a part of it is

a. Trade Fixture c. Personal property
b. Chattel d. Fixture

49. The right of the state to take title to a real estate for which no legal owner can be found is called
a. Policy power c. Eminent domain
b. Tenancy d. Escheat

50. Which of the following has the right of survivorship?

a. Joint tenant c. Tenancy in common
b. Tenancy in severalty d. Life tenant

51. Escheat is
a. The right to cross someone else’s land to get to the road
b. A variety of fraud exclusive to real estate
c. The right to inherit if there is no will
d. None of the above
 52. The largest “bundle of rights” to real estate is a __________ estate
a. Leasehold c. Life
b. Fee simple d. Homestead

53. Which of the following is NOT a test of a fixture?

a. Manner of attachment c. Time of attachment
b. Intent of the person who put it d. Custom in the community

54. As long as the life tenant is alive, the remainderman has

a. An easement in gross c. Fee simple estate
b. Reversionary interest d. Renewing leasehold estate

55. Which of the following is a nonfreehold estate?

a. Fee simple estate c. Life estate
b. Leasehold estate d. Qualified fee simple

56. A person who owns an undivided interest in real estate with at least one other person without
the right of survivorship is called
a. Tenant in severalty c. Tenant in common
b. Life tenant d. A life estate

Code of Ethics and Responsibilities

57. A broker must keep all earnest money deposits in

a. Her office sale c. An escrow or trust account
b. Her business checking account d. A savings account of her business

58. What is the golden rule?

a. Treat others as you want others to trust you
b. Do unto others what you want others do unto you
c. Do not do unto others what you want others to do unto you
d. Treat others as you want them to be treated

Legal Requirements for Real Estate Service (RESA)

59. A broker’s license is suspended for six (6) months. The broker’s salesperson
a. Also lose their licenses for 6 months
b. May continue to operate the broker’s business
c. May upon proper application, transfer their licenses to another broker
d. Must place their licenses to another broker

60. The Real Estate service of the Phils. Governs the following service practitioners, EXCEPT:
a. Broker c. Assessor
b. Appraiser d. Consultant e. Dealer
61. Under the RESA, there must be one broker for every
a. 100 c. 50
b. 20 d. 25

62. There is created a professional regulatory board of real estate service, hereinafter referred to as
the Board under the supervision and administrative control of the
a. DTI c. DOF
b. DOLE d. DOJ

63. Any violation of RA 9646 of the IRRR committed by a licensed real estate appraiser, shall be
meted the penalty of a fine of not lower than
a. P100,000.00 c. P10,000.00
b. P200,000.00 d. P20,000.00

64. The real estate service practitioner shall be required to indicate on the documents he/she signs,
uses or issues connections with the practice of his or her professional the following, except
a. License number c. APO
b. PTR d. CTC

65. In the licensure examination for the applicants for the real estate brokers a subject for
examination common to all real estate service practice is
a. Human and physical geography c. Real Estate Finance and Economics
b. GIS d. Brokerage Practice

66. Upon application and payment of the required fees for the approval of the commission the
board may issue a special/temporary permit to a real estate service practitioner from the
foreign countries, whose services are urgently needed in the absence or an unavailability of local
real estate service practitioners provided that
a. There is reciprocity between his country and the Philippines
b. There is the need of the developer for foreign practitioners
c. The foreigner are more expert
d. NOTA

67. The real estate broker shall in a addition to the oath refer to the preceding section be required
to post a professional indemnity insurance or cash or surety bond in an amount to be
determined by the board which in no case shall less than
a. 10 thousand
b. 20 thousand
c. 40 thousand
d. 15 thousand

68. Within _____ days from the effectivity of R.A. 9464, the DTI-BTRCP shall transfer all pertinent
records, documents and other materials to PRB-RES
a. 30 days c. 60 days
b. 45 days d. 90 days
69. The ______________ of the commission shall act as prosecutors against illegal practitioners and
other violators of R.A. 9646 and its IRR
a. Chairperson c. Secretary of PRB-RES
b. Lawyers d. Members

70. The CPE Council Chairperson should come from the _______________.
a. PRBRES Board c. Academe
b. AIPO d. Realty Service Organization

71. Refer to a person who conducts valuation/appraisal

a. Appraiser c. Consultant
b. Broker d. None of the above

72. Refers to an official in the LCM, who performs appraisal and assessment of Real properties
a. Assessors c. Consultant
b. Appraiser d. Broker

73. Refers to the land, all these items which are attached to the land
a. Real Property c. Real Estate Broker
b. Real Estate d. None of the Above

74. The development of land for Residential, Commercial, Industrial, Agricultural, Institutional or
Recreational purposes
a. Real Estate Development Project c. Real Estate
b. Real Estate Developer d. All of the Above

75. Includes all the rights, interests, and benefits rebated to the ownership of Real Estate
a. Real Estate c. Real Property
b. Real Estate Developer d. None of the Above

76. A duly registered and licensed natural person who for a professional fee, compensation or other
valuable consideration, offers or readers professional advice and justment
a. Real Estate Assessor c. Real Estate Consultant
b. Real Estate Appraiser d. Real Estate Broker

77. Acts as an agent of a party in a real estate transaction

a. Real Estate Broker c. Real Estate Consultant
b. Real Estate Appraiser d. Real Estate Assessor

78. Accredited natural person who performs service for and in behalf of Real Estate Broker
a. Real Estate Salesperson c. Both A and B
b. Sales Agent d. None of the Above

79. For Real Estate Salesperson, no examination shall be given, but they shall be accredited by the
board
a. True
b. False
80. All incumbent assessors holding appointments shall continue to perform their functions without
need for re-appointment
a. True
b. False

81. The law that governed the real estate service practice prior to the RESA, was
a. DTI Code of Commerce
b. DTI Ministry Order No. 39, Series of 1985
c. DTI Ministry Order No. 85, Series of 1989
d. Real Estate Service Act of the Philippines

82. A real estate appraiser who was licensed then under the DTI may still be allowed to register
without examination under the principle of
a. Licensing c. Practice exemption
b. Carryover clause d. Grandfather clause

83. The Professional Regulatory Board of Real Estate Service shall be under the supervision of this
government agency
a. Professional Regulation Commission
b. Professional Regulatory Commission
c. Professional Commission of Professionals
d. Professional Regulation Board

84. A real estate salesperson’s registration with the HLURB shall automatically be terminated upon
a. Termination by the real estate association
b. Termination of his employment by the real estate broker
c. Suspension of the registration of the real estate developer
d. Expiration date of January 31 of the year

85. The Professional Regulatory Board of Real Estate Service has the supervisory powers over the
real estate broker and the broker’s license may be suspended under the following ground
a. Engaging in practice during suspension
b. Unethical practice
c. Violation of his association’s by laws
d. Non registration with HLURB

86. In case of a vacancy in the Board, it shall be filled up for the position vacated, which shall be for
the period of
a. 3 years
b. 2 years
c. Unexpired portion of the term of member who vacated
d. Not more than 6 years
87. Lyn was going to sell subdivision lots of a project and become a real estate salesperson but
would need the educational requirement of
a. At least high school graduate
b. At least 2 years of college
c. At least 144 units of college
d. At least a bachelor’s degree

88. As provided under Presidential Decree No. 957, a real estate salesperson who sells
condominium units for a project must file a bond in the amount of
a. P 1,000.00
b. P 5,000.00
c. P20,000.00
d. No bond required

89. The PRBRES shall prescribe the essential requirements as to the curricula and facilities of
schools, colleges or universities in cooperation with the
a. Commission on Higher Education
b. Department of Education
c. Private Association of Schools in the Philippines
d. Philippines Universities Associations

90. If a complaint was filed by a buyer with the PRBRES for violation of the RESA and the broker was
found liable. He may appeal to the
a. Court of Appeals
b. Professional Regulatory Commission
c. Supreme Court
d. Professional Regulation Commission

91. If a real estate broker failed to renew his license before the effectivity of the RESA the broker
was required to take the following Continuing Professional Education Units
a. 12 CPE Units
b. 15 CPE Units
c. 24 CPE Units
d. 120 CPE Units

92. Suspension of a member of the Professional Regulatory Board of Real Estate Service for grounds
under the RESA, shall be made by the
a. Profession Regulation Commission
b. Ombudsman
c. President of the Philippines
d. Majority vote of the members of the Real Estate Service Board

93. It is considered not a ground for the removal of the chairperson of the Professional Regulatory
Board of Real Estate Service
a. Unprofessional conduct
b. Immoral conduct
c. Conviction of the crime of slight physical injuries
d. Neglect of duty
94. An applicant who wants to be registered and licensed as a real estate service practitioner shall
undergo an examination to be given by the Board excluding the following
a. Real estate broker
b. Real estate salesperson
c. Real estate assessor
d. Real estate consultant

95. In order to conform to technological and modern developments, the subjects for examinations
may be re-clustered, modified, added to, or excluded as may be found necessary by the
a. Professional Regulatory Board of Real Estate Service
b. Commission on Higher Education
c. Accredited and Integrated Professional Organization
d. Department of Education

96. The bachelor’s degree adopted in coordination with CHED for real estate service and required
under the RESA, is called
a. Bachelor of Science in Real Estate
b. Bachelor of Science in Real Estate Management
c. Bachelor of Science in Real Estate Service
d. Bachelor of Science in Real Estate Service Practice

97. The following is not a requirement to qualify to take the real estate appraiser’s licensure
examinations
a. Must be a citizen of the Philippines
b. Must take continuing professional education units
c. Must be a resident of the Philippines
d. Must have NBI Clearance

98. In case of an applicant for the examination for real estate consultants, proof must be shown that
he/she has years experience as a licensed real estate appraiser, or as a bank, or institutional
appraiser of
a. 2 years c. 6 years
b. 5 years d. 10 years

99. To take the licensure examinations for real estate brokers, he/she must have completed how
many units of real estate subjects and training from accredited service providers, as may be
determined by the Board
a. 12 units c. 60 units
b. 24 units d. 120 units

100. A candidate may be deemed to have passed the examination, if she obtained an average
in all subjects, of
a. 50% c. 75%
b. 60% d. 85%
101. Results of the licensure examination shall be released by the Board from the last day of
the examination within
a. 5 days c. 30 days
b. 10 days d. 60 days

102. As she passed the real estate broker’s examinations, Agnes will be given a certificate of
registration by the Professional Regulation Commission which will be valid
a. For 1 year c. until revoked
b. For 3 years d. until renewed

103. For an examinee for the licensure examinations for real estate broker, he or she must
have no rating in any subject below
a. 50% c. 75%
b. 60% d. 70%

104. Under the RESA, in addition to the certification of registration, a successful examinee
shall also be given by the PRC the following
a. Certificate of attendance
b. Professional Identification Card
c. Certificate of Oath taking
d. Professional Rating Certificate

105. As of the present, the PRC Chairperson in charge of the Professional Regulation
Commission is
a. Jenifer Manalili
b. Teresita Manzala
c. Eduardo G. Ong
d. Ramon Cuervo

106. Renewal of the professional identification card shall be upon satisfying the requirements
of the Board such as, but not limited to, attendance in the CPE program and shall be renewed
every
a. 1 year c. 3 years
b. 2 years d. 5 years

107. The required bond for the private real estate appraiser to practice real estate service
shall be in the amount of
a. P5,000.00 c. P20,000.00
b. P10,000.00 d. P25,000.00

108. A real estate broker is required to post a bond in the amount of P20,000 with PRC and
P5,000 with HLURB under PD 957 and P1,000 for real estate salesperson also with HLURB. How
much total bond should therefore be posted by a real estate broker
a. P20,000.00 c. P25,000.00
b. P5,000.00 d. P26,000.00
109. Upon application and payment of the required fees, subject to the approval of the PRC,
special/temporary permits may be issued to real estate service practitioners from foreign
countries in case of
a. Specific foreign development projects
b. Unavailability of local practitioners to enhance the practice
c. Government to government really projects
d. Lack of real estate salesperson

110. Renewal of the professional identification card issued to a real estate service
practitioner shall be every
a. Year c. other year
b. 3 years d. until revoked

111. In case of practice involving condominium projects, the following shall not be required
to post a bond with the government
a. Real estate salesperson c. Real estate private appraiser
b. Real estate broker d. Real estate consultant

112. A foreign real estate service practitioner shall be issued a special/temporary permit,
under R.A. No. 9646 and the IRR unless
a. He/she passes the licensure examinations
b. Registered with HLURB
c. Pays the bond of P20,000.00
d. There is foreign reciprocity between the countries

113. A successful examinee must, before engaging in the practice of real estate service,
undertake the following
a. Take an oath before the Board
b. Registered with HLURB
c. Secure an NBI Clearance
d. Post a bond in the total amount of P25,000.00

114. The following number of acts performed by a real estate service practitioner shall
constitute an act of engaging in the practice of real estate service
a. More than one transaction c. Several transactions
b. At least one transaction d. Two consecutive transactions

115. A roster of registered professional real estate service practitioners will be made but
which will not include the following information
a. Name of the practitioner
b. Field of real estate service practitioner
c. Email address of practitioner
d. License number
116. For a real estate marketing corporation that will sell subdivision projects, it is required
that there should be licensed real estate brokers with the following maximum number of real
estate salesperson each
a. 20 PRC licensed real estate salespersons
b. 20 PRC accredited real estate salespersons
c. 20 HLURB licensed real estate salespersons
d. 20 PRC accredited and HLURB registered real estate salespersons

117. The minimum fine that may be imposed on a person who engages in real estate service
practice without a license is
a. P100,000.00 c. P10,000.00
b. P200,000.00 d. P20,000.00

118. To engage in practice of the profession of a real estate broker whose office is in Manila,
professional tax must be paid and is payable to
a. Professional Regulatory Board of Real Estate Service
b. City Treasurer of Manila
c. Treasurer of the PRC
d. Bureau of Internal Revenue

119. A real estate appraiser was found liable by the PRBRES. He may appeal the decision of
the PRBRES to the PRC Commission
a. Within 15 days from receipt of decision
b. Within 30 days from receipt of decision
c. Within 15 days from date of decision
d. Within 60 days from date of decision

120. One of the following will not be considered to be engaged in the practice of real estate
service
a. A houseowner who will sell his own lot
b. A developer selling residential lots
c. An attorney in fact who sell a lot of the owner and will ask for professional fees
d. A realty marketing company selling condominium

121. It is not required for the following practitioner to be a member of the AIPO for real
estate service practitioner
a. Real estate broker
b. Real estate salesperson
c. Real estate appraiser
d. Real estate consultant

122. The penalty to be imposed on an unlicensed real estate appraiser is

a. At least P100,000.00 fine
b. At least 2 years imprisonment
c. At least P200,000.00 fine and/or 4 years imprisonment
d. At least P100,000.00 fine and/or 2 years imprisonment
123. Arnold, a licensed real estate broker wanted to set up a real estate marketing group and
he may engage the service of
a. 20 real estate salespersons c. No limit
b. 20 accredited real estate salespersons d. 20 licensed real estate salesperson

124. Jules just passed the real estate broker’s examinations and rented out an office space
for her practice. It is required that she must display in her place of business the following
a. Professional Identification Card
b. Business name
c. Certificate of Registration
d. APO Receipt Number

125. For violation of the provisions of the RESA and its IRR by a real estate partnership, the
following may be made liable for violation
a. The President c. The Partner
b. The Director of the Corporation d. The Chief Operating Officer
ANSWER KEY

1. B 47. C 93. C
2. C 48. D 94. B
3. D 49. D 95. A
4. D 50. A 96. B
5. C 51. D 97. B
6. B 52. B 98. B
7. C 53. C 99. D
8. B 54. B 100. C
9. B 55. B 101. B
10. B 56. C 102. C
11. D 57. C 103. A
12. A 58. A 104. B
13. B 59. C 105. C
14. A 60. E 106. C
15. D 61. B 107. C
16. D 62. B 108. A
17. C 63. A 109. B
18. C 64. D 110. B
19. C 65. C 111. D
20. D 66. A 112. D
21. B 67. B 113. A
22. A 68. D 114. B
23. C 69. B 115. C
24. A 70. A 116. D
25. B 71. A 117. B
26. A 72. A 118. B
27. B 73. B 119. A
28. D 74. A 120. A
29. C 75. C 121. B
30. D 76. C 122. C
31. B 77. A 123. B
32. B 78. A 124. C
33. D 79. A 125. C
34. A 80. A
35. D 81. B
36. A 82. D
37. B 83. A
38. B 84. B
39. D 85. B
40. B 86. C
41. B 87. B
42. A 88. A
43. B 89. A
44. D 90. D
45. C 91. C
46. B 92. C