FINALS FUNDAMENTALS

1. One of the following is not a current economic indicator in analyzing our country as
discussed in class (Purchasing Power)
2. In the earth's surface, 75% make up the oceans, seas, and lakes (False)
3. In the zoning map, the color code of institutional zoning categories is red(False)
4. One of the functions of brokerage is project selling.( True)
5. There are four (4) bureaus created under DHSUD(False)
6. Real Estate prices tend to go up(Imperfect market)
7. RA 11211 is the law that created DHSUD(False)
8. There are two main types of limitations on the right of ownership over land, one of
which is legal or by The government while the other is(Self-imposed limitation)
9. The best evidence of ownership of a 1-bedroom condominium unit that a person has,
is(Condominium certificate of title)
10. There are five (5) attached government offices/corporations under the National Shelter
Program(True)
11. A person is said to be an owner in fee simple, which means that he/she(Has a bundle of
rights)
12. The opportunity in agricultural properties open to property managers includes raw lands
and farm lots(True)
13. In 2020, bank interest rates for real estate consumer loans ranged intervention________
due to BSP(5 to 6%)
14. In the Zoning Map, the color code of residential zoning categories is(Yellow)
15. One of the following is not a function of a licensed broker as prescribed by RA
9646(Service clients)
16. One of the following is the correct definition of real estate economics(Study of how real
estate goods and services are produced and how they are shared by people)
17. The effectivity date of RA 9646 is(July 30, 2009)
18. The law that governs the relationship between the real estate broker and owner in a
lease transaction is(Law on Agency)
19. The requisites of mortgage are a) Executed to secure loan b) Mortgage, the owner c)
Mortgage with free disposal (false)
20. In real estate, the characteristic of one being different from one another
is(Heterogeneity)
21. The land-use plan only covers the areas devoted to various types, use categories such as
residential, commercial and principle to be applied in the development of such
areas(False)
22. The maximum value of foreign ownership of a trading corporation which intends to buy
land shall be(40%)
23. The lessee shall also be required to make this payment to answer for unpaid utilities or
damages to the premises(Surety Bond)
24. The law that mandates the private developers to comply with the socialized housing(RA
7279)
25. In the new land classification, there are three types of public domain(false)
26. There six (6) specific uses of real estate Financing(false)
27. In case a person owns a piece of land, it can only be used for legal purposes and the
government may exercise its power referred to as(police power)
28. It is the right of the state to take private property for the purpose of public use, provided
there is payment of just compensation(eminent domain)
29. There are five (5) kinds of mortgages(true)
30. The modes of financing real estate development are equity, traditional financing,
syndication, public funding, private sources and pre-selling(false)
31. The unemployment rate last April 2020 went up to(16 to 17%)
32. There are five (5) major roles/objectives of Professional Property Management(False)
33. The differences between lease and rent are except(None)
34. One of the following is the correct definition of economic system as discussed in class(A
structure or plan that the country follows in producing, distributing and consuming its
goods and services)
35. Free Patent covers land which is unappropriated.( True)
36. This is not a factor that affects RE uses(Capital)
37. There are three (3) ways of financing real estate purchases (True)
38. The marketing mix includes the following, except: (Channel and Distribution)
39. OFW Remittance in 2019 amounted to: ($ 33.5 billion)
40. The purchasing of real estate can come with an expectation of a return and intension of
using it or both, this characteristic of RE market, is (Investment and consumption good &
both)
41. The Code of Ethics for real estate practitioners is contained in(PRBRES Resolution no. 39
Series of 2019)
42. It is the physical, tangible entity, together with all the additions or improvements on,
above or below the ground, includes all the rights, interests and benefits related to the
ownership of real estate(Real property)
43. The penal provisions for violations committed by a licensed broker(Fine not less than
P100k or Imprisonment not less than 2 yrs or both)
44. Real Estate business is part of the construction sector(True)
45. There are two (2) kinds of foreclosure procedure(False)
46. Two people entered into a lease contract and to be valid, it is most essential that(It is in
writing)
47. This is not one of the uses of real estate, as discussed in class(Construction)
48. The real estate industry generates 8.3 jobs for three (3) weeks for every house built, as
discussed in class.( True)
49. There are four (4) ways of financing real estate purchases(False)
50. Under Engineering discipline of PMS, there are three (3) functions.( True)
51. If an owner of a residential house will enter into a lease contract with the lessee to
renew the lease, im the owner's obligation to(Make a contract in writing)
52. The purchaser of a house and lot which is being rented may eject the lessee in the
following instance(Expiration of contract of lease)
53. CREBA is the leading real estate organization of developers, brokers, and other real
estate practitioners, carrying the Realtor trademark.( True)
54. A Filipina got married to a foreigner in August 3, 1998. In such case, the Filipina may still
buy land in the Philippines provided(She has not renounced her citizenship)
55. A person, natural or judicial, who is engaged in the trade of leasing his own real
properties and with The purpose of realizing profit is a(Real estate dealer)
56. Pursuant to RA 9646, The following are the functions of a real estate broker,
except(Transfer the title in the name of the buyer)
57. There are nine (9) uses of real estate(True)
58. Per IRR the new deadline date is BS-REM degree. for the admission on taking the Board
Exam w/o the(July 30, 2011)
59. The following are some uses of real estate: poultry, farm, and memorial(True)
60. Which of the following is not one of the functions of a RE broker as stated in RA
9646(Document the transaction)
61. The main expectations of owners from their real property managers include: Financial
Management expertise, Marketing & Customer Relation Management, Technical &
Operations Management and Security & Safety Management(false)
62. A proceeding which the government undertakes in the exercise of its power to take
private property for road widening and payment of just compensation.( Eminent
Domain)
63. The National Human Settlement Board is the sole policy-making body on housing(True)
64. One of these is not Non-disposable and Non-Alienable land(Mountains)
65. The law that mandates the LGU, to review and approve subdivision plans(RA 7160)
66. One of the major roles of Professional Property Management is to advise on lease
renewal, selection of quality tenant, and appropriate tenant mix(True)
67. The real estate industry is under the Service sector of the economy(True)
68. The penal provisions for violations committed by a licensed broker(Fine not less than
P100k or Imprisonment not less than 2 yrs or both)
69. Which of the following is not really part of the steps in real estate brokerage selling
process(Turnover of Possession of Property)
70. There are five (5) major sources in real estate financing(False)
71. One of the opportunities open to Property Managers is residential properties which
include Residential Buildings, Apartment, and Condominium(True)
72. In the Zoning Map, the color code of commercial zoning categories is(Red)
73. Approval date of RA 9646 is: (June 29, 2009)
74. The law that regulates economic and socialized housing projects(BP 220)
75. The types of a subdivision development with no provision for open space and direct
effect on boundaries(Simple subdivision)
76. A long term contract of lease between the lessor and lessee must be duly notarized for
the purpose of(Binding effect on both parties)
77. There are three (3) methods of payment of real estate loans(True)
78. One of the following is a correct definition of real estate market(One of the following is a
correct definition of real estate market)
79. There are 15 top fastest-growing Metro areas in the Philippines(False)
80. A contract where one of the parties binds himself to give to another the enjoyment or
use of a thing for a price and for a certain period is referred to as(Lease agreement)
81. The law that governs the property relations of two people who plans to get married in
2013 is referred to as(Family Code of the Philippines)
82. One of these may be a professional licensed real estate broker(Mr.Jose Luna)
83. One of these is not a major type of an economic system(Communism)
84. The following act is not considered a function of a real estate broker(To draft the legal
Contract to sell)
85. The housing shortfall in the Philippines is currently 6.8 million houses, as discussed in
class(False)
86. Insurance is one of the ancillary services of real estate(True)
87. Sale with the assumption of mortgage is the transfer of title covered by pre-existing
mortgage wherein buyer pays cash portion, assumes balance, and does not require
permit from a mortgagee,(False)
88. The lessee who rented the house in Alabang for P90,000 per month paid in advance for
1 year, cannot do the following without the written consent of the owner(Sublease part
of the house)
89. There are four (4) functions of Management(True)
90. Sunrise industry in the Philippines are only BPO, call centers, medical tourism, and
retirement, vacation, and lifestyle(False)
91. In this law, priority is given to the homeless, underprivileged in housing and urban
development(RA 7279)
92. The services offered by the Property Managers are: Facilities Management, Estate
Management, Technical Services, and Energy Management(False)
93. There are eight (major disciplines in Professional Property Management(False)
94. One of the following is not a macroeconomic tool brokers can commonly use in his
business.( Fiscal Policy)
95. A long term lease over a property was entered into by the parties and for the protection
of the parties, the same must be(Public domain and Private lands)
96. There are two types of lands in the new land classification system, they are: (Study of
the workings of the economy, the effects of the changes in the national and
international economy on the individual organizations)
97. One of the following is the correct definition of macroeconomic analysis: (Obtain license
from PRC and license from DHSUD)
98. The real estate broker in deciding to sell subdivision projects must undertake the
following before engaging in the practice (Obtain license from PRC and license from
DHSUD)
99. OSHDAP is the leading organization engaged in socialized and economic housing( True)
100. A market with a single buyer and a multiple sellers, is (Monopsony)