Real Estate Terminologies

A.
B.
C.
D.

1.

Real estate service act

RA 9946
RA 9646
RA 9656
None of the above

2.
Amortization
A. The periodic payment which includes principal
B. The periodic payment which includes interest
C. The periodic payment which includes principal and interest
D.
None of the above
3. Failure to fulfill a duty to an obligation or to perform any act in writing that has been agree
upon
A.
B.
C.
D.

Deficiency
Default
Unearned increment
Multiplier effect
4.
Income approach
A. Process by getting the estimated commercial fair market value of a property by
capitalizing its annual income
B Process by getting the estimated commercial fair market value of a property by capitalizing
. its annual net income
C Process by getting the agricultural, residential, industrial fair market value of a property by
. capitalizing the cost benefit of the income
D.
None of the above
5. A condition where demand is more than supply
A.
Property owners market
B.
Sellers market
C.
Sellers preference
D.
Choice properties
6.
Buyer's full down payment
A.Buyees equity plus miscellaneous expenses such as title transfer and mortgage
registration
B Buyer's equity plus miscellaneous expenses such as fire insurance and mortgage
. redemption
C.
All of the above
D.
None of the above
7.
Earnest money
A.Amount accompanying offer to purchase to show good faith or genuine desire of the buyer
B. Amount accompanying letter of intent to show good faith in the future.-C. Amount of no specified value to show good faith in a given transactions
D.
None of the above
8. An appraisal principle which holds that the value of a property tends to be adversely
A.
B.
C.
D.

affected by association with inferior properties

Principle of regression/
Principle of less value
Principle of diminishing value
Principle of value subtractiory
9.
Sellers market

A Condition prevailing in an area as of a given time when there are few properties for sale
. against many buyers, in which case price will go down
B A condition prevailing in an area as of a given time when there are a few properties for sale
. against many buyers , in which case price will go up
C A conditions prevailing in area as of a given time where there are few properties against
. few buyers, in which case there is no effect on the price
D Condition prevailing in area as of a given time where there a few properties against few
. buyers in which case there is a slight effect on the price
10.
Value in economic sense
A. Refers to the power to satisfy human wants
B. Refers to the right of determining attributes to satisfy human wants
C. Refers to the power or attributes to satisfy human wants
D.
None of the above
11.
Escheat
A. Is the reversion of a private and public property because there is no heir
B Reversion of the private property to the city due to the interstate death of the owner who
. is survived with no legal heir
C
Reversion of the private property due to the interstate death of the owner with no heir
.
D.
None of the above
12.
Balloon payment
A The final payment in an installment plan which is bigger than the previous installments and
. which liquidates part of the obligation
B The final payment in an installment plan which is bigger than the previous installments and
. which liquidates the entire obligation
C The final payment in a financing plan which is almost bigger than the previous installments
. and which liquidates the obligation
D.
None of the above
13 A financing scheme under the unified home lending program to enable residents in
. depressedareas to acquire their lots is called
A. Lending mortgage for depressed areas program
B. Barangay housing assistance program
C.
Community mortgage program
D.
All of the above
14.
Unearned increment
A. Increase in value of real estate with all the efforts or expenses by the owner
B. Increase in value of real estate without any effort and expense by the owner
C.Increase in value and depreciation without any effort and expense by the owner
D.
None of the above
15.
Split of commission with the co-broker
A.
50-50 basis
B.
40-60 basis
C.
It depends
D.
As agreed
16.
Buyer's equity
A. The difference between contract price and loanable amount
B. The difference between the fair market price and the loanable amount
C. The difference between the contact price and the down payment
D. The difference between the contract price and the selling price
17.
Real estate

A.
B.
C.
D.

Refers to land sea air and useful improvements thereon

Refers to land and all improvements thereon
Refers to land and useful improvement thereon
Refers to land and selected improvement thereon
18.
Listing
A The authority given by the principal to the broker for the latter to negotiate the sale within
. a stipulated period and at stated price and terms
B The demand letter given by the broker to the seller to negotiate for payment of
. commission
C. The authority to buy and sell properties
D.
All of the above
19 Infiltration is the displacement of present residents by people of lower economic status
. or ofdifferent cultural or social background
A. Displacement of present residents of various economic status or of similar cultural
background
B Displacement of present and past residents of lower and middle economic status or of
. different cultural or social background
C
Displacement of present residents people of means or of different or social background
.
D Displacement of present residents by people/of lower economic status or of different
. cultural or social background
20.
Set back
A The term refers to the zoning regulations which designates the distance of a building must
. be set back from another property line
B The term refers to the regulation; which designates the distance-from a lot to the other
. property line
C The term refers to the zoning regulations which designates the distance of a house must
. be set back from another house
D.
None of the above
21. An improvement which is not suitable to the site on which it is placed because of
A.
B.
C.
D.
E.

deficient sizeor cost

Below value improvement
Unearned increment
Incidental increment
Under improvement
Under innovations

22.
Default
A.Failure to fulfill a duty and a promise in an instrument in writing that has been agreed
upon
B Failure to discharge an obligation and perform any act in an instrument that has been
. agreed upon
C.
All of the above
D.
None of the above
23.
Parapherna!
A. Refers to the property exclusively owned by a wife and husband
B. Refers to the property exclusively owned by a wife
C. Refers to the property exclusively owned by a husband
D. Refers to the property exclusively owned y the children
24. The philippine regulatory board of real estate services

A.
B.
C.
D.

5 commissioners
4 commissioners
3 commissioners
None of the above
25.
Market study is
A.The study of current supply-and demand conditions in a given area of a specific property
B. The study of past and current demand conditions of a specific property
C. The study of current demand conditions in various areas of properties
D.The study of current supply and demand conditions of various properties in all areas
26.
Value in appraisal sense
A. Refers to the present worth of future benefits arising from the ownership of a property
B. Refers to the present and future benefits from the ownership of a property
C. Refers to the future and past benefits from the ownership of a property
D.
All of the above
27.
Cul de sac
A. A passage with an access in one or two ends
B.
A passage with no end
C. A passage with an access in one end
D.
A passage with two or more ends
28. Increase in value of real estate without any effort or expense by the owner
A.
Add on increment
B.
Unearned increment
C.
Incidental increment
D.
Unforeseen values
29 An appraisal principle which holds that the value of a property tends to be enhanced
byassociation with, superior properties.
Principle of addition
Principle of progression
Principle of value added
Principle of multiplier effect
30.
Just compensation
A Payment of a fair and reasonable amount for a property taken from a private person by the
A.
B.
C.
D.

. government body
B Payment of a fair and reasonable amount for a property taken from a private person by
. another private entity
C Payment of a fair and reasonable amount for a property taken from a private person by
. another non government office
D.
None of the above