Source: http://www.flashcardexchange.com/cards/cresar-reviewer-2011-mock-exam-part-1-2034829
Timestamp: 2013-05-25 00:15:07
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By BriarRose29,
Jan 2012 Subjects: business estate management real Hated It
3rd side (hint) A subdivision scheme where the resulting blocks are more or less rectangular in shape a. GRIDIRON SUBDIVISION
b. COMPLEX SUBDIVISION
c. OPEN MARKET SUBDIVISION
d. SIMPLE SUBDIVISION a. GRIDIRON SUBDIVISION A document issued by the DENR certifying that the proposed project will NOT cause significant environment impact a. environment ecological approval
b. environment impact statement
c. environment positive certificate
d. ENVIRONMENT COMPLIANCE CERTIFICATE d. Environment Compliance Certificate What is that cash or payment in kind given by landowner or developer to tenant's farm workers or bonafide occupants to be affected by the DAR conversion? a. Ejectment compensation fund
b. Tenants share remuneration
c.Disturbance compensation
d. Conversion assistance fund
e. farm workers indemnity assistance c. disturbance compensation It is a factor that triggers varied effects in real estate such as business activities, new income opportunities, environment and an enhanced market for construction materials a. Highest and best use theory
b. Foreclosures and consolidation
c. Multiplier effect of real estate
d. Forces that create value
e. Competition and conformity c. Multiplier effect of real estate Rate of VAT beginning February 1, 2006 a. 12% of selling price before VAT
b. 10% of selling price before VAT
E.11% 12% selling price before VAT The zonal value of a property can be obtained from a. Bureau or Internal Revenue
b. Registry of Deeds
d. Assessor's office
e. LRA e. LRA Land Registration Authority
The creditable withholding tax in the sale of a real estate dealer of a lot priced at Php 220,000.00 is a. 1.5%
e. 5% a. 1.5%
Which price of a house and lot package sold by a dealer is subject ot E-VAT? a. P1M
b. P2.5M
c.P 2M
D.P1.5M
E.P 3M e. P 3M Spouses who were married after the effectivity of the Family code without any pre-nuptial agreement shall be governed by: a. Conjugal Partnership of Gains
b. Partial community of property
e. 50 days b. 30 days A subdivision scheme where the resulting blocks are more or less rectangular in shape a. GRIDIRON SUBDIVISION
d. SIMPLE SUBDIVISION a. GRIDIRON SUBDIVISION In case of sale of agricultural lands not exceeding 5 hectares, aside from clearance from DAR, buyer must also submit what document? a. undertaking to surrender land in excess of retention limits
b. affidavit of compliance with CARL
c. affidavit of total or aggregate landholding
d. Certification from DAR
e. affidavit of waiver c. AFFIDAVIT OF TOTAL OR AGGREGATE LANDHOLDING A document issued by the DENR certifying that the proposed project will NOT cause significant environment impact a. environment ecological approval
e. 50 days b. 30 days In case of sale of agricultural lands not exceeding 5 hectares, aside from clearance from DAR, buyer must also submit what document? a. undertaking to surrender land in excess of retention limits
e. affidavit of waiver c. AFFIDAVIT OF TOTAL OR AGGREGATE LANDHOLDING A subdivision scheme where the resulting blocks are more or less rectangular in shape a. GRIDIRON SUBDIVISION
e. affidavit of waiver c. AFFIDAVIT OF TOTAL OR AGGREGATE LANDHOLDING A provision in financing agreement which renders the remaining principal balance of the loan immediately due and payable upon default in any stipulated installment a. Escalation Clause
c. Open-end Loan Provision
d. Defeasance Clause
e. Break-even point c. Open-End Loan Provision What is legitime? a. An inherited heir
b. An acknowledge heir
c. A process of legitimization
d. Child born or wedlock
e. reserve property for compulsory heirs e. reserved property for Compulsory heirs In the phrase "Save in case of hereditary succession in Sec. 7 Art. XII (National Economy and Patrimony), Philippine Charter, what kind of transferee of private land does it refer to? a. the National Government
b. An heir under Phil. Law on Succession and Inheritance
c. A humanitarian Institution
d. The state of deceased
e. A charitable, religious and education institution b. an heir under Phil. law on succession What land of public domain is alienable and disposable? a. Forest and timber lands
c.Forfeited/escheated lands
d. abandoned private lands
e. agricultural lands e. Agricultural lands A stipulation of authority to sell that entitles the broker to a commission even beyond the period of his authority if he had registered his buyer to his principal before the expiry date of his authority. a. open, non exclusive listing
b. authority to overprice
c. hold over clause
d. exclusive agency agreement
e. first come frist served basis d. exclusive agency agreement A real estate mortgage that cover several properties is called a. CLOSED MORTGAGE
b. Conventional Mortgage
d. Equitable Mortgage
e. OPEN MORTGAGE E. OPEN MORTGAGE A term that refers to reservation or right to buy which is separate from purchase price a. Option
e. Full Down payment a. OPTION The document that grants authorit to any registered owner developer to sell lots or units within an approved subdivision or condo project and providing for the duties and responsiblities of said owner/developer a. Location Clearance
d. License to sell
e. Town Plan d. LICENSE TO SELL Ready to get started?