1.

It is a plan showing the general features and layout of a subdivision including block
and lots and opens spaces
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A. Vicinity plan
B. Subdivision plan
 
C. Approved survey plan
D. Location plan

 
2. A common point of reference is seen in the technical description as BLBM which
means
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A. Bureau of Lands Barrio Monument

 
B. Barrio Location Boundary Monument
C. Bureau Location and Barrio Monument
D. Bureau of Lands Boundary Monument

 
3. Surveys whose principal purpose is the determination of data relating to bodies of
water are referred to as
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A. Marine survey
B. Aquatic survey
C. Hydrographic survey
 
D. Aquagraphic survey

 
4. These involve the classification of the country's unclassified public forests into
alienable or disposable lands
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A. Geodetic survey
B. Land classification survey
 
C. Tax mapping
D. Public domain land survey

 
5. The shape and details of a lot may be more accurately plotted using the description
found in the
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A. Transfer certificate of title

 
B. Tax declaration
C. Subdivision map
D. Deed of Absolute sale

 
6. In a title, the letters "Psu" appears which would mean
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A. Private subdivision
B. Private survey
 
C. Public survey
D. Private land survey

 
7. In case several lots were acquired to be developed into a subdivision, the survey
would be a private consolidation subdivision survey indicated by the letters
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A. Psu
B. Pcn
C. Pcs
 
D. Pcss

Correct answer
B. Pcn

 
8. A private subdivision survey is indicated using the letters
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A. Pss
B. Psu
 
C. Psd
D. Psds

Correct answer
C. Psd

 
9. A lot buyer wanted to have the 6 parcels of land he just bought all adjacent to each
other into one title. He will have this survey undertaken
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A. Private consolidation survey

 
B. Private survey
C. Private assembly survey
D. Public consolidation survey

 
10. In order for Mr. Eneer to plot the shape and details of the lot he just bought from the
transfer certificate of title, he must have at least the following data
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A. Tie line measurement

B. Bearings and lot points
C. Bearings and distance from lot points
 
D. Bearings and tie line

 
11. It is the relationship between a thing desired and a potential purchaser
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A. Price
B. Value
 
C. Cost
D. Counter offer
Feedback

The correct answer is B - Value.

Value refers to the perceived worth of an item or service, based on its desirability and market price.
It is a measure of how much someone would be willing to pay for something based on its benefits
relative to its cost. This could include both financial and non-financial factors such as convenience,
quality, and availability. Value is the exchange of what someone would buy for a certain price, and
this is why it is an important element in the pricing process.

 
12. An observation in the principles of appraisal is that the desire for property to be
effective must be backed by
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A. Effective demand
B. Sufficient supply
C. Purchasing power
 
D. Immediate need

 
13. It is not a value factor in the appraisal of a parcel of land
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A. Sun orientation
B. Frontage
 
C. Depth
D. Shape

Correct answer
A. Sun orientation

 
14. It reflects the loss in value brought about by the wear and tear and the action of
natural elements
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A. Natural obsolescence
B. Deterioration
 
C. Economic obsolescence
D. Functional obsolescence

 
15. The subdivision plan of a parcel of land which has been subdivided into several lots
will have to be approved by this government agency
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A. Registry of deeds
 
B. Department of Lands
C. Bureau of Lands
D. Local government

Correct answer
C. Bureau of Lands

 
16. A city assessor, under the RESA, after taking the licensure examination and passing
the same will be given a license as
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A. Licensed real estate assessor

B. Licensed government assessor
C. Licensed real estate appraiser
 
D. Licensed public assessor

 
17. Generally referred to as a surveyor, a function of which is to undertake land surveys
to determine their metes and bounds and prepare the plans thereof for titling and for
other purposes
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A. Survey engineer
B. Geodetic engineer
 
C. Land surveyor
D. Land survey engineer

 
18. In order to mark the lot plan boundaries on the parcel of land, the following is used
as the marker
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A. Land monument
B. Cylindrical concrete monument
 
C. Concrete lot marker
D. Concrete monument

 
19. Market data approach in appraisal is also called
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A. Sales comparison approach

 
B. Survey approach
C. Market survey approach
D. Cost approach

 
20. The cost to create a virtual replica of an existing building using the same design and
similar building materials is referred to as
*
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A. Reproduction cost
 
B. Replacement cost
C. Estimated similar cost
D. Rebuilt cost

 
21. A financial modeling technique based on explicit assumptions regarding the
prospective cash flow (income and expenses) to a property or business
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A. Cash flow analysis

B. Value discounting analysis
C. Discounted cash flow analysis
 
D. Financial modeling analysis
Feedback

The correct answer is C: Discounted Cash Flow Analysis.

Discounted Cash Flow Analysis (DCF) is a financial modeling technique used to estimate the
present value of future cash flows by discounting them to the present day using an appropriate rate
of return. It takes into account all expected income and expenses associated with a property or
business over a specified period of time. In other words, DCF is a method for valuing an asset or
business by projecting the expected future cash flows and discounting them back to their present
value based on a predetermined rate of return.

 
22. The estimated period over which a building or machinery is anticipated to be
profitably utilized
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A. Economic life
 
B. Useful life
C. Remaining life
D. Utility

 
23. A loss in value within a structure due to changes in tastes, preferences, technical
innovations, or market standards
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A. Depreciation
B. Functional obsolescence
 
C. Physical depreciation
D. Utility value loss

 
24. It is referred to as the discount rate that equates the present value of the cash flows
of a project to the present value of the capital investment
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A. Internal rate of return

B. Rate of return
C. Net present value
 
D. Return on investment

Correct answer
A. Internal rate of return

 
25. The practice of appraising multiple properties as of a given date by a systematic and
uniform application of appraisal methods and techniques
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A. Market data approach

B. Averaging appraisal
C. Mass appraisal
 
D. Benchmarking appraisal

 
26. The measure of the difference between the discounted or inflows, and the costs, or
outflows, in a discounted cash flow analysis
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A. Net present value

 
B. Discounted value
C. Net income
D. Profit
Feedback

The correct answer is A. Net Present Value (NPV).

NPV is an analytical tool used to calculate the profitability of a project or investment by taking into
account both the current and future cash flows. It calculates the present value of these cash flows,
which are discounted at a discount rate that equates them to the present value of the capital
investment. This rate is known as the Internal Rate of Return (IRR) and is equal to the interest rate a
company would earn if it were to invest in a project. In short, NPV is used to measure how much
money an investment or project will make over time by taking into account both the current and
future cash flows discounted at the IRR. If the NPV is positive, the project is deemed to be profitable,
and if it is negative, then it is not.

 
27. The value corresponding to the remaining useful life of an asset, commonly used in
regard to the machinery
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A. Remaining value
B. Useful life value
 
C. Salvage value
D. Utility value

Correct answer
A. Remaining value

 
28. The estimated amount that an entity would currently obtain from disposal of an
asset, after deducting the estimated costs of disposal, if the asset were already of the
age and in the condition expected at the end of its useful life
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A. Salvage value
 
B. Scrap value
C. Depreciated value
D. Residual value

Correct answer
D. Residual value

 
29. A highly accurate method of field operations for identifying real property, defining
property boundaries, determining actual use, and discovering undeclared properties for
taxation purposes
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A. Real property tax administration

B. Property identification system
C. Tax mapping
 
D. Assessment operations

 
30. A transaction freely arrived at in the open market, unaffected by abnormal pressure,
or absence of normal competitive negotiation as might be true in the case
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A. Fair market value

 
B. Open market transaction
C. Arm's length transaction
D. Regular transaction

Correct answer
C. Arm's length transaction

 
31. The act or process of determining the value of a property subject to tax, including
discovery listing, classification and appraisal of property
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A. Appraisal
B. Property identification
C. Assessment
 
D. Real property tax administration

 
32. The increase in value of the other interests of the property owner that can be
attributed to the new use to which his former property will be put by the expropriating
authority
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A. Appreciation
 
B. Beneficial increase
C. Market value appreciation
D. Consequential benefits.

Correct answer
D. Consequential benefits.

 
33. The assigning of new assessed values to property particularly real estate
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A. Revaluation
B. Reassessment
 
C. Re-appraisal
D. Reclassification

 
34. The cost of constructing an exact replica of the building being appraised based on
current prices of labor and materials and contractor's practices
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A. Reconstruction cost
B. Replacement cost
C. Reproduction cost
 
D. Renovation cost
Feedback

The correct answer is C. Reproduction cost.

Reproduction cost - exact replica

 
35. It is the cost of constructing a similar property which is equally desirable and has the
same utility as the one under appraisal
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A. Reproduction cost
B. Replacement cost
 
C. Similar cost
D. Replica cost
Feedback

The correct answer is B. Replacement cost.

Replacement cost - same utility

 
36. A graphic representation of an LGU drawn to scale on standard drawing material,
having property lines showing all parcels of real property and identifying each separate
real property ownership by a unique number
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A. Cadastral map
B. Land map
C. Tax map
 
D. Property identification map

 
37. The value remaining after deducting depreciation from the replacement cost
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A. Depreciated value
B. Useful life value
C. Salvage value
 
D. Utility value

Correct answer
A. Depreciated value

 
38. Refers to catchments area or drainage basin from which the water of a stream or
stream system is drawn
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A. Dam
B. Water reservoir
C. Water catchment
 
D. watershed

Correct answer
D. watershed

 
39. It is provided that before any general revision of real property assessment is made,
the following should first be prepared by the city or municipality
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A. Historical record of values

B. Survey of real properties
C. Schedule of Market Values
 
D. Census of real properties

 
40. An open-sided roofed automobile shelter that is usually formed by an extension of
the side of a under the MRPAAO is referred to as
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A. Carport
 
B. Garage
C. Parking space
D. Car shelter