Set ALPHA Real Estate Review Center

A
Real Estate Broker Mock Exam - April 6, 2024

-- General and Fundamentals --

NAME: ______________________________________________ SET: _____________

SCHOOL: ____________________________________________ APPLICATION NO.: __________

INSTRUCTION: Encircle the right letter that corresponds to the answer to the
question. After filling out this test booklet, transfer all your answers to your
answer sheet.

IMPORTANT: DO NOT LEAVE OUT ANY UNANSWERED ITEM AND DO NOT PUT ANY IRRELEVANT MARKINGS
ON YOUR ANSWER SHEET APART FROM WHAT IS REQUIRED.

1. A scale map showing the dimensions of each parcel and related information such as
parcel identifier, survey line easements.
a. Location Map
b. Topographic Map
c. Cadastral Map
d. Sales Map
2. An action to recover properties where the complainant prays for the recovery of the
possession of personal property
a. Replevin
b. Forcible entry
c. Quieting of title
d. Unlawful detainer
3. In what instance can a landowner retain more than five (5) hectares of agricultural
land?
a. When the landowner is married so each couple is entitled to 10 hectares each
b. Homestead grantees or their heirs may retain their original homestead
c. Both a and b
d. None of the above
4. One acquired ownership and other real rights through the lapse of time in the
manner and under the conditions lay down by law
a. Extinctive prescription
b. Extraordinary prescription
c. Acquisitive prescription
d. Ordinary prescription
5. Who among these are qualified CARP beneficiaries?
a. Agricultural lessees
b. Leaseholders
c. Agricultural tenants
d. All of the above
6. Refers to the failure or neglect for an unreasonable and unexplained length of
time, to do that which, by exercising due diligence, one could or should have done
earlier
a. Prescription
b. Estoppel
c. Laches
d. Ownership
7. The following are the modes of acquiring landholdings for distribution allowed
under RA#9700, except –
a. Rice and Corn lands under PD#27 and EO#228 by Operation Land Transfer
b. Voluntary Land Transfer
c. EO#407 as amended by EO#448 and 506 which directs all government
instrumentalities to immediately transfer to DAR all agricultural lands owned
by them
d. Voluntary Offer to Sell
8. A right of ownership which refers to the rights to all civil, natural and
industrial fruits
a. Just vindicandi
b. Just disponendi

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c. Jus abutendi
d. Jus fruendi
9. When are protected areas covered by CARP?
a. Land or a portion of thereof are no longer actually, directly, or exclusively
used as designated
b. When they are suitable for agriculture
c. When they are declared or reclassified as alienable and disposable
d. All of the above
10. Date of the effectivity of RA#6657 or the CARP
a. June 10, 1988
b. June 20, 1988
c. June 15, 1988
d. June 5, 1988
11. It is the kind of ownership where the right to the use and the fruits has
been denied
a. Naked Ownership
b. Full ownership
c. Co-ownership
d. Sole ownership
12. Products harvested out of plantings or sowings are examples of –
a. Industrial Fruits
b. Natural Fruits
c. Civil Fruits
d. Accessory Fruits
13. Any act, omission, establishment or condition of property which
injures/endangers the health or safety of others, shocks, defies, or disregards
decency or morality and annoys or offends the senses.
a. Legal easement
b. Abatement
c. Voluntary easement
d. Nuisance
14. A Real Estate broker walked 80 steps along the lot frontage of a parcel of
land. If the pace factor is 0.65, what is the pace distance of the property?
a. 25 meters
b. 65 meters
c. 52 meters
d. 123 meters
15. Under the CARPER, no Temporary Restraining Order can be issued regarding the
implementation of the CARP, except when issued by –
a. Regional Trial Court
b. The Supreme Court
c. Office of the President
d. Court of Appeals
16. Refers to an international industry consortium participating in a consensus
process to develop publicly available geoprocessing specifications
a. Open Geological Consortium
b. Open Geophysical Consortium
c. Open Geospacial Consortium
d. Open Geographical Consortium
17. In GIS, what does UAV mean?
a. Unmanned Arial Vehicle
b. Unoperable Arial Vehicle
c. Uncontrolled Arial Vehicle
d. Unmotorized Arial Vehicle
18. A taxpayers means of illegally avoiding tax payment
a. Tax avoidance
b. Tax free
c. Tax evasion
d. Tax exemption
19. What quadrant is located on the NE?
a. 1st Quadrant
b. 2nd Quadrant

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c. 3rd Quadrant
d. 4th Quadrant
20. What is not a kind of Thematic Map?
a. Topographic Map
b. General Base Map
c. Hydrologic Map
d. Infrastructure Map
21. It represents one unit of length in the map to a stated number of the same
units of length on the ground
a. Bearing
b. Magnetic Declination
c. Numerical Scale
d. True Meridian
22. The right to own lands in the Philippines is governed by special laws and by
a. Executive Orders of the President
b. Senate of the Philippines
c. Congress
d. Philippine Constitution
23. It means that tax laws should be capable of convenient, just, and effective
administration
a. Fiscal Adequacy
b. Administrative Feasibility
c. Theory Adequacy
d. Business Tax
24. Docks and fixed floating structures are types of
a. Movable Property
b. Immovable Property
c. Marine-related Property
d. Floating Property
25. Commission refers to
a. Payment for services rendered
b. PRC
c. Professional fee of a Real Estate Broker for selling a property for a client
d. Real estate salesperson cannot receive a commission, only Real Estate Brokers
can receive a commission
26. To the ethical broker, the principle of full disclosure dictates that vital
information that can affect the property or the transaction should be disclosed and
explained to his client. Which one of the following is contrary to an ethical
disclosure?
a. Changes or planned changes in zoning affecting the property
b. Your opinion of future land values in the vicinity of the property
c. Details of the contract
d. Sale of similar properties in the vicinity
27. The chairperson or any member of the Board may be suspended or removed by the
President of the Philippines, upon the recommendation of the Commission and after
due notice and hearing in a proper administrative investigation to be conducted by
the Commission but not on the following ground:
a. Neglect of duty
b. Abuse of power
c. Complaint for murder
d. Unprofessional, unethical conduct
28. A BIR large taxpayer with its head office located in Manila sold its parcel
of land located in Batangas City to a buyer from Lipa City but who was doing
business in Lucena. Where should the tax on the sale be paid?
a. Manila
b. Batangas City
c. Lipa City
d. Lucena
29. Refers to a title formally recognizing the right of possession and ownership
of Indigenous Peoples over their Ancestral Domains identified and delineated:
a. Native Title
b. Certificate of Ancestral Domain Title

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-- General and Fundamentals --

c. Certificate of Ancestral Lands Title

d. None of the above
30. Failure to perform a contract
a. Rescission
b. Release
c. Novation
d. Breach
31. Housing Loan Condonation Act is what RA#?
a. 8501
b. 9000
c. 8555
d. 8506
32. The Torrens system of land registration was established in the Philippines by
virtue of
a. Spanish mortgage law
b. Act 496
c. Presidential Decree 27
d. R.A. 6657
33. Refers to any unknown deposit of money, jewelry or other precious objects,
the lawful ownership of which does not appear -
a. Personal property
b. Hidden treasure
c. Accretion
d. Movable property
34. RESA stands for?
a. Real Estate Service Act
b. Real Estate Service Act of the Philippines 2009
c. Real Estate Service Act of the Philippines
d. Reality Service Act of the Philippines
35. All of the acts enumerated below are considered prohibited acts under
RA#6657 except one
a. The ownership or possession of agricultural lands in excess of the total!
retention limit provided for the purpose of circumventing RA#6657
b. Acts constituting illegal detainer of agricultural tenants
c. Willful prevention or obstruction by any person, association or entity of the
implementation of the CARP
d. The conversion of land from agricultural to non-agricultural with intent to
avoid the application of RA#6657
36. When can a CLOA be cancelled?
a. When there was transfer, lease, or other forms of conveyance after full
payment and after 20 years
b. When the original beneficiary dies
c. Conversion to non-agricultural use
d. Continuous neglect or abandonment over a period of five (5) years
37. An easement is classified as when it refers to those use or maybe incessant
without intervention of any act of man.
a. Positive
b. Apparent
c. Continuous
d. Negative
38. CARPER mandates that all valuation cases pending with the DARAB should be
resolved on –
a. June 30, 2014
b. June 30, 2012
c. July 1, 2014
d. June 29, 2014
39. It is the mode of extinguishing usufruct contract when the rights of
usufructuary and ownership are acquired by one and the same person who becomes the
absolute owner of the property.
a. Renunciation

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b. loss of the thing

c. merger
d. prescription
40. Maximum allowable deduction fop funeral expenses is
a. 5% of gross estate or P 200,000 or actual expenses whichever is lower
b. 5% of net estate or P 200,000 or actual expenses whichever is lower
c. 10% of gross estate or P 200,000 or actual expenses whichever is lower
d. 10% of net estate or P 200,000 or actual expenses whichever is lower
41. In CARPER, which of the following statements is true?
a. CLOAs are not considered indefeasible and imprescriptible before the lapse of
10 years
b. It has made the affordability clause mandatory
c. It identified unqualified agrarian reform beneficiaries have usufructuary
rights over land as soon as DAR takes possession of the same pending award of
the Emancipation Patent or CLOA
d. It mandates that the award of the land must be completed within 160 days from
the date of the registration of the title in the name of the Republic of the
Philippines
42. Classification of property that actually exist either physical or legal, like
a building
a. Divisible
b. Future
c. fungible
d. present
43. Classification of property that other things are considered dependent
to subordinated like the lot in which a house was built –
a. principal property
b. fungible property
c. accessory property
d. consumable property
44. Which is not a kind of Thematic Map?
a. Topographic Map
b. General Base Map
c. Hydrologic Map
d. Infrastructure Map
45. It is an approach using of compass, tape or pacing in locating the property.
a. Semi-Technical Approach
b. Layman's Approach
c. Semi-skilled Approach
d. Technical Approach
46. In case of conflict with colleagues, a Real Estate professional has a duty
and responsibility to protect the reputation and credibility of the later. The
following are prohibited acts, except
a. engaged in slanderous and oral defamation
b. sowing discord
c. criticized publicly
d. filed proper complaint to appropriate authority
47. In 1854, what disease did John Snow help end using GIS?
a. Cholera outbreak
b. Malaria outbreak
c. E-coli epidemic
d. Dengue pandemic
48. Google Maps, Wikimapia and Bing Maps refers to
a. Web Mapping software
b. Web Map Service
c. Website Map-making System
d. Web Management System

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49. The Real Estate Service Practitioners shall be developed and nurtured into a
technically competent, responsible and respectable professionals whose standards of
practice shall be
a. honestly competitive
b. competitively realistic
c. domestically viable
d. globally competitive
50. Per sec 31 of IRR RESA, Board may accredit real estate salesperson until July
30, 2011 if they are registered with DTI and in the active practice for at least 3
years as may be certified by a licenses broker or real estate developer prior to
effectivity of RA 9646 and with training hours in real estate brokerage and have
submitted NSO certificate of live birth, NBI clearance, certificate of educational
attainment or its equivalent, notarized certificate of training seminar, and
notarized certificate of their supervising licensed broker as may be required by
the board.
a. 24 units CEP
b. 60 CEP units
c. 120 CEP units
d. 150 CEP units
51. In real estate law, what are the principal sources of the law?
a. Philippine Constitution
b. Laws passed by Congress
c. Treaties
d. All of the above
52. Which of the following is an Acquired Property by both or any of the spouses
during their marriage?
a. Public Property
b. Conjugal
c. Co-ownership
d. Single proprietorship
53. Which refers to a legal right accorded to a person or party that confers the
temporary right to use and derive income or benefit from someone else's property?
a. Rental
b. Usufruct
c. Lease
d. Conveyance
54. What percent is to be paid to the Registry of Deeds upon entry of certificate
in the name of owner or TCT, based on assessed value of land as contribution to
assurance fund?
a. 1/4 of 2%
b. 1/2 of 2%
c. 1/4 of 1%
d. 1/2 of 1%
55. In relation to the client/customer, the realty service practitioner should
endeavor to make his/her client and customer, conclude a fair contract advantageous
to ________.
a. other party
b. him
c. both
d. client/customer
56. What is the term used to refer to anything that affects or limits the title
to a property, such as outstanding mortgages, easement rights or unpaid back taxes?
a. Caveat
b. Notation
c. Encumbrance
d. Limitation
57. Which term refers to the sale wherein the seller has the right to repurchase
the subject property being sold?
a. Pacto de sangre
b. Pacto de retro
c. Pactum commissorium
d. Pacto de retroventa

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58. What is the required criteria in order that an examinee may be deemed to have
successfully passed the licensure examination?
a. 75% average in all subjects with rating below 50% in any subject
b. 75% average in all subjects with no rating below 50% in any subject
c. With no rating below 50% in any subject
d. 75% average in all subjects
59. As a real estate practitioner, we should but not:
a. Willingly share the lessons and experiences
b. Not use the service of the salesman of the fellow practitioner without their
knowledge and consent.
c. Not pass a listing to a third broke without the knowledge and consent of the
listing broker
d. Put sign or notice of a property for sale without authority from the owner.
60. Which of the following refers to Each Spouse shall own, dispose, possess, and
administer his/her own separate estate without need of consent of the others.
a. Property Regime of Union
b. Regime of Joint Undertaking
c. Regime of Segregation
d. Regime of separation of Property
61. Which refers to the interest belonging to the tenants created thru leasing of
the property?
a. Economic
b. Leased fee estate
c. Contract rent
d. Leasehold estate
62. What shall be issued to the examinees who passed licensure examination for
real estate service?
a. Certificate of registration and professional identification card
b. Certificate of registration and certificate of membership to an AIPO
c. Certificate of membership to an AIPO and CPD units
d. Professional identification card and certificate of membership to an AIPO
63. it is a mode of acquiring property, rights and obligations to the extent of
the value of the inheritance of a person are transmitted through his death to
another or others either by his will or by operation of law.
a. Donation
b. Succession
c. Intellectual Creation
d. Law
64. What is the basis for the assessment of real property in the Philippines,
regardless of where the property is located, whoever owns it, and whoever uses it?
a. Assessment levels
b. Classifying the property
c. Assessing the property
d. Actual use of the property
65. Choose from among the following where the tax laws should be capable of
convenient, just and effective administration.
a. Fiscal Adequacy
b. Equality
c. Administrative Feasibility
d. Theory Adequacy
66. Which of the following statements is not a valid criterion for ethical
behavior?
a. Ethics is the name we give to our concern for good behavior. We feel an
obligation to consider not only our own personal well-being but also that of
others and of human society as a whole.
b. Ethics is right for right's sake.
c. A code of Ethics is subservient to laws and regulations. Therefore, any act
that is not any law is not a violation of ethical practice.
d. Ethics is having a high moral sense. The capacity to perceive what is right
is measured primarily by the application of the Golden Rule
67. What is to be used by the board upon application and payment of required fees
subject to the approval of the commission to the foreign real estate service

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practitioner whose services are urgently needed in the absence of local real estate
service practitioners?
a. License to sell
b. Broker's license
c. Sales Person's Accreditation
d. Temporary Permit
68. What is the distribution of the collected real property tax proceeds in case
of provinces?
a. Province-35%, Municipality-40%, Barangay-25%
b. Province-40%, Municipality-40%, Barangay-20%
c. Province-35%, Municipality-35%, Barangay-30%
d. Province-30%, Municipality-40%, Barangay-30%
69. Under the Foreign Investments Act of 1991, a former natural born Filipino who
has become an Australian citizen may not acquire land for the following purpose.
a. Business purpose
b. Lease the land
c. Put up a plant
d. Agriculture purpose
70. Three of the four enumerated acts of a broker are considered unethical. Which
act is not unethical?
a. Encouraging the parties to a sale to indicate a consideration lower than the
actual selling price
b. Keeping a special bank account, separate and distinct from his own funds, for
all money receive in trust for other person such as client's money and
similar items
c. Disclosing his client confidential person information to a fellow broker in
order to facilitate the sale of his client's property
d. Delaying submission of a formal offer the had received from a prospective
buyer in title hope of securing a higher offer
71. Republic Act Number 11213 which aims to enhance revenue administration and
collection by granting an amnesty on all unpaid internal revenue taxes imposed by
the national government for taxable 2017 and for prior years with respect to estate
tax other internal revenue taxes, and taxes on delinquencies is known as _______.
a. National Tax Amnesty Act
b. General National Amnesty Act
c. General Tax Amnesty Act
d. Tax Amnesty Act
72. Choose the GOCC that provides meaningful and appropriate compensation to
workers and/or beneficiaries who met work-related sickness, injuries or death.
a. Government Service Insurance System
b. Occupational Safety and Health Center
c. Employees' Compensation Commission
d. Social Security System
73. The Incorporation documents should be filed with the ___________.
a. Securities and Exchange Commission (SEC) of the Philippines
b. Board of investments (BOI)
c. Bureau of Internal revenue (BIR)
d. Department of Trade and Industry (DTI)
74. When is the effectivity of the new IRR of the Republic Act No. 10912?
a. April 1, 2018
b. March 1, 2018
c. March 1, 2019
d. April 1, 2017
75. What is the percentage applied to the FMV to determine the taxable value of
the property?
a. Commercial Assessment level
b. Schedule of Assessment Level
c. Residential Assessment Level
d. Assessment Level
76. The Commission shall be composed of _____ commissioners appointed by the
President.
a. 5

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b. 4
c. 3
d. 2
77. In an auction sale of a foreclosed lot, Mr. Benetti won and the property was
not redeemed. The documentary stamp tax must be paid within:
a. Five (5) days after auction sale
b. Five (5) days after the month of auction sale
c. Five (5) days after month of expiration of redemption period
d. Five (5) days after registration of auction sale
78. In case of unpaid or delinquent taxes, pursuant to the Local Government Code,
the local government shall thereafter sell the property at public auction but with
the right of the owner to redeem the property within:
a. 6 months from the date of sale
b. 1 year from the date of sale
c. 2 years from the date of sale
d. 1 year from the date of annotation of auction sale
79. The various regulatory boards under the PRC are grouped into an association
referred to as the
a. PAPRB
b. PARBR
c. PABRES
d. PRBRES
80. Unused tax credit certificates (TCC) for more than _______ shall be converted
to cash as per BIR RR 14-2020.
a. 1 year
b. 2 years
c. 3 years
d. 5 years
81. A Tax Credit Certificate issued in accordance with the pertinent provisions
of the Tax Code of 1997, as amended, which shall remain uncashed or unclaimed
within _____ from the date of issue, mailing or delivery, whichever comes later,
shall be forfeited in favor of the Government and the amount thereof shall revert
to the general fund.
a. 1 year
b. 2 years
c. 3 years
d. 5 years
82. TRAIN Law took effect on:
a. Jan 1, 2019
b. Jan 1, 2018
c. Feb 14, 2019
d. Feb 14, 2018
83. Due to TRAIN Law, Funeral Expenses, Judicial Expenses and medical expenses
are lumped into this threshold amount for Standard deduction.
a. P 1,000,000
b. P 5,000,000
c. P 2,500,000
d. P10,000,000
84. Family Home deduction for estate is now increased to:
a. P 1,000,000
b. P 5,000,000
c. P 2,500,000
d. P10,000,000
85. A statement of (----) of estate has to be duly certified by a Certified
Public Accountant (CPA) if the amount is equal or more than to P5,000.000.
a. gross value
b. net value
c. zonal value
d. assessed value
86. As part of the administrative procedures on estate settlement, the filing of
notice of death of by the administrator/executor must be done within (----) from
the death of the decedent.

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a. 6 months
b. 2 years
c. 2 months
d. 1 year
87. The withdrawal limit from the bank account of the decedent has been removed
but is now subject to (---) final withholding tax under the amendments made by RA
10963.
a. 6%
b. 5%
c. 30%
d. 1.5%
88. Which of the following is not VAT-exempt under RA 10963?
a. Sale of gold to any financial intermediary
b. Sale of drugs and medicines for diabetes and hypertension beginning January
1, 2019.
c. Association dues and any special assessments made by homeowner’s association
and condominium corporation.
d. Transfer of property under merger or consolidation
89. If the land is tenanted after 1972, emancipation patent maybe sold only after
____ years from date of recognition of tenant.
a. 5 years
b. 8 years
c. 10 years
d. 15 years
90. PD 27 shall apply to tenant-farmers of private agricultural lands primarily
devoted to rice and corn under a system of sharecrop or lease-tenancy.
a. Whether classified as landed estate or not
b. Whether classified as government or public
c. For lands only classified as landed estates
d. For lands only classified as not landed estates
91. Republic Act No. 8532 strengthened further the implementation of CARP by
providing augmentation fund from Agrarian Reform Fund until 2008 an amount not to
exceed:
a. P 50B
b. P 50M
c. P 20B
d. P 20M
92. Under PD 27, The tenant farmer, whether in land classified as landed estate
or not, shall be deemed owner of a portion constituting a family-size farm of:
a. five (5) hectares if not irrigated and three (3) hectares if irrigated
b. three (3) hectares if not irrigated and three (3) hectares if irrigated
c. five (5) hectares if not irrigated and five (5) hectares if irrigated
d. seven (7) hectares, regardless of irrigation
93. Which of the following is FALSE about PD 27?
a. No title to the land owned by the tenant-farmers under this Decree shall be
actually issued to a tenant-farmer unless and until the tenant-farmer has become
a fully paid of the cost of the land. Full payment of the land qualifies the
tenant-farmers for title issuance.
b. The government shall guaranty such amortizations with shares of stock in
government-owned and government-controlled corporations.
c. Title to land acquired pursuant to this Decree or the Land Reform Program of
the Government shall not be transferable except by hereditary succession or to
the Government.
d. In case of default, the amortization due shall be paid by the farmers'
cooperative in which the defaulting tenant-farmer is a member, with the
cooperative having a right of recourse against him.
94. For the purpose of determining the cost of the land to be transferred to the
tenant-farmer pursuant to PD 27, the value of the land shall be equivalent to
______ times the average harvest of three normal crop years.
a. 2 ½
b. 2
c. 3 ½

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d. 6
95. Minimum paid-in capital of a REIT company:
a. Php 300m
b. Php 200m
c. Php 100m
d. Php 50m
96. Chaitali Anis, Filipino and resident of Manila, earned pure compensation
income from his employer amounting to P20, 000.00 a month with aggregate earnings
for the preceding year of P260,000 which includes his 13th month pay. The community
tax due for Mr. Anis would be:
a. P 260
b. P 265
c. P 130
d. P 135
97. Mr. Xie, a resident Filipino in Caloocan, professional income from amounting
to an aggregate for the preceding year of P10,000,000. The community tax due for
Mr. X would be:
a. P 10,000
b. P 10,005
c. P 5,000
d. P 5,005
98. Ms. Marmalade bought 3 residential lots from VYNZ Development. Due to
favorable soil condition and location, she chose Lot A amounting to P 1,550,000.00.
She also purchased adjacent Lots C and D amounting Php 300,000.00 and Php
1,000,000.00 respectively. Based on guidelines on Consolidated VAT Regulations of
2015 and applying the latest VAT-threshold amendment of BIR. How much is the Value-
Added Tax?
a. P 138,000
b. P 342,000
c. P 186,000
d. P 156,000
99. It represents the vital role of the real estate service practitioners in the
social, political, economic development and progress of the Philippines.
a. Rising sun
b. Sun and rays
c. Map of the Philippines
d. Green lines
100. Under sec 32 on corporate practice of the real estate service, developer
shall regularly submit to the commission and to SEC a list of:
a. Real estate service practitioner's
b. Brokers
c. Salesmen
d. Sub-agent

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