BROKERS'

 BOARD  EXAM
2016  (MOCK)

MODULE 1
1 An owner in fee simple means he/she
a has bought the property
b has a certificate of title
c has the right to sell the property
d has the bundle of rights
It is the power of the state to take private property for the purpose of public use, provided there is payment of just
2 compensation
a Escheat
b Police power
c Expropriation
d Eminent domain
3 When a person speaks of the principle that "all lands of the public domain belongs to the State", this is referred to as
a real estate ownership doctrine
b land ownership doctrine
c state ownership doctrine
d regalian doctrine
4 The government may dispose or alienate lands of public domain provided the classification is
a Industrial
b Residential
c Forested land
d Agriculture
For one to have a property relation to complete separation of property, the future spouse must execute this document
5 before marriage
a Judicial separation of property
b Extra judicial separation of property
c Affidvait of waiver of property
d Pre-nuptial agreement
6 The law that governs the property relations of two people who plan to get marries in 2013 is referred to as
a Family code of the Philippines
b New Civil Code
c The law on family and property
d Property Code of the Philippines
7 Ownership of real estate in the Philippines is primarily governed by
a 1987 Philippines Constitution
b 1935 Philippine Constitution
c The New Civil Code
d Special laws enacted by Congress
Maria inherited a piece of land in 1985 but she got married in 1987 without any prenuptial agreement. The said property is
8 considered as
a Paraphernal property
b conjugal property
c capital property
d community of property
9 It is a parcel of land owned by the city is no longer intended for public use. It is referred to as
a Patrimonial property
b Public domain
c Public reserved property
d Private idle lands
10 Under the Philippines Retirement Authority, a foreigner may reside in the Philippines and will be given a visa referred to as
a Special Residents retiree's visa
b Bi/B2 Visa - Business and tourist visa
c Special Non-immigrant Visa
d Temporary Retiree's visa
11 For a land to be classified as an urban area under BP 185, it means
a An area where there are malls and shopping centers
b A municipality with a population density of 1,000 persons per square kilometer
c Poblacion with a population density of 800 persons per square kilometer
d An area with a complete mass transport system
12 If ABC Corporation decides to lease lands of the public domain, the lease can only be for a period of
a Up to 50 years renewable for another 25 years
b 25 years renewable for another 25 years
c Up to 99 years
d 50 years only
Any Filipino citizen may apply for a free patent title under RA 10023 and in case of first and second class municipalities.
13 The same should not exceed

a 200 square meters

 BROKERS'  BOARD  EXAM
2016  (MOCK)

b 750 square meters

c 1000 square meters
d 500 square meters
14 A child born out of wedlock from minor parents, but who eventually got married, will now be classified as

a Illegitimate
b Legitimate
c Acknowledged Natural child
d Spurious child
A sale of a parcel of land, bought by a foreigner who was not allowed to own land, sold eventually to a Filipino citizen is
15 considered
a Voidable
b Valid
c Void
d No effect
16 A former natural born Filipino may acquire land in a rural area not exceeding 3 hectares for business purpose under
a Batas Pambansa Blg 185
b Foreign Investors Act
c Foreign Investment Act of 1991
d Foreign Trust Investment Act
17 An illegitimate minor child may used the surname of the father who is married to another provided
a The father and mother eventually marries
b The child is not over 7 years of age
c The father executes an affidavit of acknowledgement
d The mother agrees
18 As a real estate broker, one is not required to indicate the professional license number in this document
a Advertisement
b Letterhead
c Deed of Absolute sale
d Calling cards
19 Land acquired thru public auction due to non-payment of delinquent real estate taxes is a grant referred to as
a Private grant
b Public grant
c Involuntary grant
d Foreclosure grant
When a person inherits real estate from a deceased who died with a will but which was declared void would be an
20 inheritance through
a Hederitary succession
b Testamentary succession
c Intestate succession
d Testate succession
21 The practitioner must display the following in their place of business as provided in the Code of Ethics
a Certificate of Registration
b AIPO Receipt
c Surety Bond
d Professional Identification Card
22 The share of an illegitimate child in their father's estate is equivalent to the share of legitimate child, which is
a One-half share
b One-Third share
c Equal share
d One-Fourth share
 BROKERS'  BOARD  EXAM
2016  (MOCK)

23 When soil is deposited through the gradual deposit by the flowing of a river in the property along the river, the deposited soil is called

a Alluvium
b Avulsion
c Accretion
d An owner isRiver bedto utilize the land not only for himslef but also for the general welfare. This is referred as the principle
obliged
24 of

a Steward Concept of Ownership

b Bundle of rights
c Public Welfare's Act
d Stewardship rights
25 An act that can be unethical in dealing with a real property being sold by the owner,
a Refrain from misrepresentation
b Avoid exxageration
c Conceal relevant information
d Ascertain all material facts on the property
The real estate broker should not solicit a listing which is currently listed exclusively with another broker unless the listing
26 agreement has expired and
a the broker knows the contact number of the owner
b the owner offers to list the same to the new broker
c the broker already met with the owner
d solicits the same from the owner
27 If the real estate broker already saw another sign for sale of another broker, under the code of ethics, the broker must be
a put the sign at least 5 meters away
b no longer put his or her sign for sale
c remove the sign before putting his/her sign
d cover the sign of the other broker
Real estate broker Juan accepted a listing from another broker Pedro. The agency of Broker Pedro who offered the
28 listing should be respectd until it has expired and
a Broker Juan is able to contact the owner
b Come to the attention of broker Juan from a different source
c Broker Pedro does not answer his text messages
d Broker Juan solicits the listing from the owner
29 Considered unethical for a real estate broker, to obtain professional fee from both seller and buyer unless
a The buyer was informed ahead of time
b The owner and seller knows and both agreed
c The owner dis not know he will get a fee from the buyer
d This refersthe parties
to the weredeposit
gradual not informed by the
of soil by the river
broker
resulting to an additional land of the owner which is adjacent to the
30 river
a Alluvium
b Accretion
c Reclamation
d Prescription
As provided under PD 957, a real estate salesperson who sells condominium units for a developer must file a surety or
31 cash bond in the amount of

a P 5,000.00
b P 280.00 premium
c P 1,000.00
d P 20,000.00
32 The incumbent PRBRES Chairman is
a Rafael Fajardo
b Florentino Dino
c Teresita Mansala
d Eduardo G. Ong
33 The renewal of the broker's licensed shall be every
a 6 years
b 5 years
c 4 years
d 3 years
34 The expiry of the HLURB registration of a real estate broker is every
a November 30
b Decemer 31
c June 30
d December 30
35 In the PRBRES logo, the color blue represents
a profesionalism
b service
c Ethical practice
 BROKERS'  BOARD  EXAM
2016  (MOCK)

d valor
36 The general classification of property under the Civil Code is movable and
a real property
b personal property
c immovable property
d real estate
37 The PRC chairperson is
a Eduardo G. Ong
b Teresita Mansala
c Rafael Fajardo
d Florentino Doble
As provided under PD 957, a real estate broker on who sells condominium units for a developer must file a surety or cash
38 bond in the amount of

a P 5,000.00
b P 1,000.00
c P 20,000.00
d P 10,000.00
APEC Developent Corporation is selling its lot in the amont of P 1,800,000.00 contract price. The sale shall be subject to
39 creditable withholding tax rate of
a 5%
b 3%
c 10%
d 1.50%
40 The following is not consiered a public grant
a Free Patent issued by the government
b Emancipation Patent
c Sale by City treasurer due to delinquent real estate taxes
d Homestead grant
41 A Filipino who became a Canadian citizen may still buy land in the Philippines for business purposes provided

a He/she buys only up to a maximum of 1,000 square meters

b He/she executs an Affidavit under BP 185
c He/she will have to permanently reside in the Philippines
d he/she is a former natural born citizen
42 Two people decide to get married under the family code of the Philippines, it is now required that their ages should be

a 18 years old for both

b 21 years for boys and 18 for girls
c 21 years for both
d 18 years old for boys and 21 years old for girls
A parcel of land was sold at P 8,000,000.00 but the zonal value based on BIR is P 7,500,000.00 while the assessed value
by the local assessor is P 5,500,000.00 and It was appraised at P 8,200,000.00. What will be the basis of the capital gains
43 tax ?
a Appraised value
b Selling price
c Assessed value
d Zonal Value
44 For sale of a property classified as capital asset in the amont of P 3,500,000.00, the tax that will be imposed is

a Creditable withholding Tax

b value added tax
c Capital gains tax
d Percentage tax
45 After full payment of the capital gains tax, the BIR shall issue to the owner the following document

a Certificate of payment of capital gains tax

b Certificate authorizing payment
c Certificate of tax payments
d Certificate Authorizing Registration
46 The creditable withholding tax for the sale of a lot by a developer is also referred to as
a Prepaid income tax
b Final tax
c Advance withholding tax
d Capital gains tax
47 The following does not have a BIR Zonal value
a Condominium
b Building improvements
c Condominium parking space
d Agricultural land
48 The following sale in 2012 shall be subject to value added tax
a Sale by owner of the house at P 5,000,000.00
 BROKERS'  BOARD  EXAM
2016  (MOCK)

b Sale of residential house by developer at P 3,199,000.00

c Sale of condominium units at P 3,500,000.00
d Sale of residential lot of developer at P 1,900,000.00
49 The ceiling price for a lot in socialized housing projects is
a P 450,000.00
b P 100,000.00
c P 225,000.00
d P 180,000.00
A developer sold a condominium unit on Jan 5, had the sale notarized on Jan 7, Up to when should the developer pay the
50 documentary stamps tax
a February 5
b March 5
c Feb 10
d February 4
How much will be the surcharge for the late payment of capital gains tax on the sale of a house and lot in the amount of P
51 3,000,000.00
a P 35,000.00
b P 45,000.00
c P 50,000.00
d P 75,000.00
To avail of exemption on the payment of capital gains tax, for the sale of principal residence, one must inform the BIR of his
52 intention within how many days
a 60 days from date of notarization of sale
b within 12 months from date of notarization
c 30 days from date of notarization of sale
d 30 days from date of appraisal by the Assessor
Mr. Co rented a house which he was also using as his office . What will be the withholding tax on the rent which he has to
53 deduct?
a 7%
b 10%
c 3%
d 5%
54 To avail of exemption of capital gains tax on sale of principal residence, one important requirement is
a Title must be registered under the name of natural person
b must have owned the property for at least 10 years
c must own only 1 residence
d The owner must buy another property within 5 years
55 Mr. Cruz sold his principal residence and he may only awail of this exemption from capital gains tax only once every
a 5 years
b 10 years
c 12 years
d 36 calendar months
56 A real estate broker will earn P 1,800,000.00 for 2015 in professional fees. The broker shall be subject to
a 12% VAT
b 10% vat
c 3% percentage tax
d 5% withholding tax
57 The special education fund tax collected by the municipality shall be allocated to the
a General Fund of the province
b National Education Fund
c Education Fund of the municipality
d Local School Board
58 The assessment level of your property may also be found in the
a Tax Declaration of the property
b Tax Clearance
c Local Government Code of 1991
d Official Receipt of transfer tax
If the land is in a residental area but the building is used for commercial purposes, the assessment level classification shall
59 be based on

a Residential
b commercial
c Mixed residential and commercial
d Predominant use
60 The CARPER primarily extends the land distribution program of DAR by
a 3 years
b 7 years
c 5 years
 BROKERS'  BOARD  EXAM
2016  (MOCK)

d ABC REALTY 10 years

sold 2 adjacent residential lots to Mr and Mrs Mansanas this January. Lot 1 is sold at P 1,900,000.00 and
61 Lot 2 at P 2,100,000.00. What will be the VAT paid by the couple?

a P 261,000.00
b P 460,000.00
c Exemption
d P 480,000.00
62 The principle states that the citizenship of a person of a person shall be on the location of birth of a person is called
a Jus Soli
b Jus Sanguinis
c Jus locandi
d Dual citizenship
The marital consent of the husband is not required in the sale of the following property of a couple who got married in 1986
63 when
a It is inherited property of the husband
b It was bought with exclusive money of the wife
c It was bought after August 3, 1988
d It was bought by the couple during their marriage
For prescription as a mode of acquiring title, it requires that possession must be adverse, continous, actual and if in bad
64 faith, for a period of
a 10 years
b 20 years
c 30 years
d 25 years
A vacant land in Cebu that was escheated to the government because the deceased left no will and no heirs will be
65 classifies as

a Public domain
b Patrimonial property
c Public estate
d National property
A couple married in August 3, 1998 entered into a marriage settlement but was declared void by the court, their property
66 relations shall be
a Absolute Community of Property
b conjugal property
c separation of property
d relative community of property
67 A former natural born Filipini may acquire land in a rural area not exceeding 3 hectares for business purposes under
a Batas Pambansa Blg 185
b foreign investment act of 1991
c foreign investment lease act
d Real Estate Investment Trust
In an auction sale of a foreclosed property lot, Mr Beam won and the property was not redeemed. The documentary stamp
68 tax must be paid within
a Five days after auction sale
b Five days after the month of auction sale
c Five days after the month of expiration of redemption period
d Five days after registratin of auction sale
A broker was to pay the taxes on the sale to the BIR but missed the due date due to sickness. How much will be the penalty
69 surcharge
a 5%
b 10%
c 20%
d 25%
70 The following are exempted from VAT payment, except
a Parking lot worth P 850,000.00
b Economic housing house and lot with a price ceiling of P 1,700,000.00
c Socialized housing house and lot selling at P 450,000.00
d Housing project of NGOs selling at P 350,000.00
71 PRBRES refers to
a Professional Regulations Board of real estate Practitioners
b Professional Regulatory Board of Real Estate Service
c Professional Regulations of the Board of Real Estate Services
d Property Regulations of Brokers in the Real Estate Service
Cindy Hilton, a British national, wanted to but a piece of land in Bonifacio Global City, and to be able to do so, he will have
72 to form a corporation with a minimum Filipino ownership of the outstanding capital stock of at least
a 50%
b 40%
c 60%
 BROKERS'  BOARD  EXAM
2016  (MOCK)

d 25%
73 In case of socialized housing the ceiling for the value of the lot is
a 30%
b 50%
c 25%
d 40%
74 What will be the monthly interest in case the owner fails to pay the basic real estate taxes due in the amount of P 5,000.00

a P 100.00
b P 200.00
c P 300.00
d P 500.00
75 The following are taxable real and other properties except
a Stock Certificates
b House and Lot acquisitions
c parking lot
d Collection of Old coins and Paper Bills in various
The Philippines applies the principle of citizenship based on the citizenship of the parents. This is also referred to as the
76 principle of
a Just citizen
b Jus parentis
c Jus Soli
d Jus sanguinis
77 The following persons may own land in the Philippines for purposes of either residence or business provided the person is
a permanent citizen
b foreigner married to a Filipino
c natural born citizen
d Dual citizen
78 Property reserved for compulsary heirs of the decedent is referred to as
a Free patent
b hereditary succession
c Inhetiance
d legitim
79 It is not required for purpose of becoming a dual citizen under RA 9225
a Execute an Oath of Allegiance
b Petition thorugh the Consular office abroad
c make a renunciation of his foreign citizenship
d Be a former natural born citizen of the Philippines
80 Which one of the following is considered as a voluntary limitation on one's ownership to land
a Police Power
b Zoning regulations
c Right of way Agreement
d Taxation
81 The right of the owner of a parcel of land to receive civil fruits means
a Right toharvest of the land
b Right to receive rent
c Right to sell the produce from the fruits
d Right to receive money in exchange for the harvest
82 A real estate broker uploded an Advertisement of a property in the internet. Which one would be considered unethical

a "with nice view of Manila Bay"

b "property to appreciate in value within a year"
c "located in a gated subdivision"
d "with wifi connection"
83 In a court case, the real estate appraiser was called to testify and under the code of ethics he must testitfy in a manner
a to protect his interest
b to testify in a truthful manner
c to protect the interest of his client
d to protect the interest of his client and himself
84 The expiration of the 3-year license of a real estate broker shall be
a on the broker's birthdate
b December 31
c 3 years after date of oath of office at Manila Hotel
d at the start of the calendar year
85 Under the RESA Law, the licensed broker found to have violated the law shall be penalized the amount of
a P 100,000.00
b P 20,000.00
c Surety bond
d dependent on the penalty incurred by the licensed broker
86 The value indicated in the Tax Declaration is
 BROKERS'  BOARD  EXAM
2016  (MOCK)

a Assessed value
b Zonal Value
c fair market value
d Appraised value
87 Capital Gains and Doc Stamp taxes shall be remiited to BIR while transfer tax shall be with
a Assessor's Office
b Provincial Treasurer's Office
c Office of Vice Mayor
d Office of the Mayor
88 In case of socialized housing the ceiling value for the lot is
a P 250,000.00
b P 200,000.00
c P 180,000.00
d P 150,000.00
89 In the transfer of ownership in real estate transactions, the basic taxes are as follows , except
a Capital gains tax
b Documentary stamps tax
c Transfer Tax
d Idle land tax
90 Thesole property of the husband is is also called
a conjugal property
b community property
c capital property
d separate property
A property acquired by beneficiaries of the agrarian reform program can not be conveyed/sold the same within the 10-year
91 prescription, except

a through hereditary succession

b returned to the government
c through the Land Bank of the Philippines
d all of the above
A proceeding which the government undertakes in the exercise of its power to take private property must be with payment
92 of just compensation and for the purpose of

a Road widening
b public use
c land banking for the government
d socialized housing
93 The type of tax which needs to be paid once a parent or both parents passes away is
a Withholding Tax
b Capital gains tax
c Estate tax
d Donors tax
A 300 sqm lot located in Sta Rosa, Laguna was bought by a foreigner who by Philippine laws is not allowed to own a piece of land . The
94 same was eventually sold to a Filipino Citizen and this is considered

a valid
b void
c voidable
d no effect
95 Under the law, the following cannot acquire land of the person under whom the administration of the property is given
a Legal guardian
b Eldest sibling
c relative to the first degree of consanguinity
d real estate property manager
Manong German occupied an agricultural land way back in the 1950s under adverse and continuous possession. He may
96 acquire title to the land if he was in good faith and if he has been in possession for at least
a 50 years
b 10 years
c 25 years
d 20 years
97 The evidence of ownership of a 1-bedroom condo unit that a person has is
a Original certificate of condo title
b Original certificate of title
c Condominium certificate of ownership
d transfer certificate of title
98 In addition to the process of naturalization, a foreigner may also become a Filipino citizen through
a Marriage to a filipino
b residency in the Philippines for 10 years
c born before the1935 Philippine Constitution
d Acts of the Legislature
 BROKERS'  BOARD  EXAM
2016  (MOCK)

99 For violations of the RESA and its IRR by a real estate partnership, the following may be made liable for violation
a The President
b Director of the company
c The COO
d The partner
100 How much will be the quarterly tax payment for a residential lot valued at P 1,800,000.00 if the tax rate is 2%
a P 5,000.00
b P 3,500.00
c P 2,500.00
d P 4,500.00