The Selling Price of A House and Lot Is P800,000.00. If Its Appraised Value of P720,000.00 and Loan
The Selling Price of A House and Lot Is P800,000.00. If Its Appraised Value of P720,000.00 and Loan
The Selling Price of A House and Lot Is P800,000.00. If Its Appraised Value of P720,000.00 and Loan
26. The selling price of a house and lot is P800,000.00. If its appraised value of P720,000.00 and loan
to collateral ration is 80%, what is its loan value?
a. P640,000.00
b. P576,000.00
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c. P720,000.00
d. P648,000.00
27. What is the cost of the fence with total length of 75 meters, with height above the ground of 2
meters and ½ meter below, if cost per square is P1,500.00?
a. P225,000.00
b. P281,250.00
c. P140,625.00
d. P112,500.00
28. The maximum area of residential land (urban area) which a former natural born Filipino citizen
may acquire
a. 10,000.00 sq. m
b. 500.00 sq. m
c. 100.00 sq. m
d. 1,000.00 sq.m
29. The collateral value of a house and lot package is determined by applying the
a. Economic value
b. Assessed value
c. Appraised value
d. Lone to value ratio
30. The use of borrowed funds to increase purchasing power is ideally to increase the profitability of an
investment is
a. Limited liability
b. Debt coverage
c. Leverage
d. Interim financing
31. The estate tax return shall be filed and paid with the BIR within
32. Under the Urban Land reform law, (PD 1517) an area is considered urban when it has a
population density of at least __________ and where at least 50% of economically active
residents are engaged in non-agricultural activities.
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33. An appraisal technique in which comparative estimates are made between prices paid in actual
transactions and the current listings
a. Cost approach
b. Income approach
c. Market approach
d. Economic approach
34. The maximum term of loan under PAG-IBIG loan amounting to P3 million
a. 20 years
b. 25 years
c. 15 years
d. 30 years
35. A subdivision plan needs only the approval of the Land Registration Authority or Land
Management Bureau to effect segregation of titles when the resulting number of lots are
a. 9 or less
b. 10 or less
c. 12 or less
d. 15 or less