SET NINE

1. A social science that studies and seeks the efficient allocation of scarce resources to satisfy
unlimited human needs and wants
a. Economics
b. Real Estate Economic
c. Real Estate Financing
d. Financial Science
2. The following operational definitions of Economics EXCEPT ONE
a. The essence of economics lies in the fact that resources are scarce, or at least limited
b. And that not all human needs and desires can be met.
c. The principle of supply and demand
d. How to distribute these resources in the most efficient and equitable way is a principal
concern of economists
3. Studies the behavior of specific sectors of the economy, such as companies, industries, or
households; Management of households; The enterprise or firm as economic unit
a. Macroeconomics
b. Ultraeconomics
c. Microeconomics
d. Nanoeconomics
4. The rate of economic growth; The inflation rate; Rate of unemployment are only some of its
Level of observations
a. Macroeconomics
b. Ultraeconomics
c. Microeconomics
d. Nanoeconomics
5. The application of economic techniques to real estate markets.
a. Real estate economics
b. Housing economics
c. Real Estate Market
d. participants in real estate markets
6. Narrower in scope, concentrating on residential real estate markets
a. Real estate economics
b. Housing economics
c. Real Estate Trends
d. participants in real estate markets
7. Focuses on the business and structural changes impacting the industry.
a. Real estate economics
b. Housing economics
c. Real Estate Trends
d. participants in real estate markets
8. It tries to describe, explain, and predict patterns of prices, supply, and demand.
a. Real estate economics
b. Housing economics
c. Real Estate Trends
d. participants in real estate markets
9. Economists refer to both the buyers and the sellers when describing markets in terms of supply
and demand.
 a. Real estate economics
b. Housing economics
c. Real Estate Market
d. participants in real estate markets
10. Real estate professionals consider them as industry
a. Sellers
b. Buyers
c. Speculators
d. Dealers
11. Real estate professionals consider them as the market
a. Sellers
b. Buyers
c. Speculators
d. Dealers
12. These people are both owners as well as tenants. They purchase houses or commercial property
as an investment and also to live in or utilize as a business.
a. Owner /User
b. Facilitators
c. Owner
d. Renter
e. Developers
f. Renovators
13. These people are pure investors. They do not consume the real estate that they purchase.
Typically they rent out or lease the property to someone else.
a. Owner /User
b. Facilitators
c. Owner
d. Renter
e. Developers
f. Renovators
14. These people are pure consumers.
a. Owner /User
b. Facilitators
c. Owner
d. Renter
e. Developers
f. Renovators
15. These people prepare raw land for building which results in new product for the market.
a. Owner /User
b. Facilitators
c. Owner
d. Renter
e. Developers
f. Renovators
16. These people supply refurbished buildings to the market.
a. Owner /User
b. Facilitators
c. Owner
d. Renter
e. Developers
f. Renovators
17. This includes banks, Real Estate Brokers, lawyers, and others that facilitate the purchase and
sale of real estate.
a. Owner /User
b. Facilitators
c. Owner
d. Renter
e. Developers
f. Renovators
18. The physical characteristic of Real Estate where the geographical location of the property
remains the same.
a. Immobility
b. Indestructibility
c. Non-homogenety
d. Homogenety
19. This physical characteristic is also referred to as durability.
a. Immobility
b. Indestructibility
c. Non-homogenety
d. Homogenety
20. means that no parcels of real estate are exactly alike. Even if two parcels of real estate look
exactly alike, they always will be different because of their unique locations
a. Immobility
b. Indestructibility
c. Non-homogenety
d. Homogenety
21. Is a characteristic of land because the supply of usable land in a given area is finite/ limited;
there’s only so much of it.
a. Improvements
b. Scarcity
c. Permanence
d. Area Preference
22. Means that investments in real estate are long term.
a. Improvements
b. Scarcity
c. Permanence
d. Area Preference
23. It is also called “Modification”, parcel of land can be improved in ways that will have a
substantial impact on its use and value, and certain types of improvements will also affect the
use and value of neighboring land.
a. Improvements
b. Scarcity
c. Permanence
d. Area Preference
24. This economic characteristic, sometimes called “SITUS”, does not refer to geographical location
rather to people’s choice and preference for a given area.
a. Improvements
b. Scarcity
c. Permanence
d. Area Preference
25. The value of poorer will increase if it is near better property.
a. Anticipation
b. Comparison
c. Progression
d. Regression
26. The value of better property will be lessened by the presence of poorer properties or non-
conforming uses of the adjoining lots.
a. Anticipation
b. Comparison
c. Progression
d. Regression
e.
27. In general, no two lots have the same value although they may adjacent to each other;
a. High Capital Value
b. Immovable
c. Heterogeneous
d. Immovable
e. Investment
f. Space
28. It is immovable or has fixed location; a shortage in one location cannot be compensated by a
surplus in another place; immobility of land places a premium on feasibility studies and analytic
techniques that suggest the ideal land use given the local demands;
a. High Capital Value
b. Immovable
c. Heterogeneous
d. Immovable
e. Investment
f. Space

29. Real estate investment is substantial and for a long period of time because of its durability;
a. High Capital Value
 b. Immovable
c. Heterogeneous
d. Immovable
e. Investment
f. Space
30. The commodity, which is the object of transaction, is control of space;
a. High Capital Value
b. Immovable
c. Heterogeneous
d. Immovable
e. Investment
f. Space
31. Buyers and seller are not as free to enter and leave the real estate market as for other goods
(e.g. housing is the most expensive single purchase of a typical family, and it is very seldom for a
person to purchase a house more than once in his lifetime).
a. High Capital Value
b. Immovable
c. Heterogeneous
d. Immovable
e. Investment
f. Space
32. Buying and / or moving into a home costs much more than most types of transaction
a. Both an investment good and a consumption good
b. Long time delay
c. High transaction costs
d. Low transaction costs
33. The market adjustment process is subject to time delays due to the length of time it takes to
finance, design, and construct new supply, and also due to the relatively slow rate of change of
demand.
a. Both an investment good and a consumption good
b. Long time delay
c. High transaction costs
d. Low transaction costs
34. Real estate can be purchased with the expectation of attaining a return (an investment good), or
with the intention of using it (a consumption good),.
a. Both an investment good and a consumption good
b. Long time delay
c. High transaction costs
d. Low transaction costs
35. Real estate is said to be a “spark plug” which triggers off activities in allied industries, creates
income opportunities for different private sectors, and enhances the market;
a. Multiplier Effect
b. Shelter
c. Collateral
 d. Universal
e. Appreciation
f. Inflation
36. One of the basic needs of man
a. Multiplier Effect
b. Shelter
c. Collateral
d. Universal
e. Appreciation
f. Inflation
37. Investment in real estate is a hedge against inflation;
a. Multiplier Effect
b. Shelter
c. Collateral
d. Universal
e. Appreciation
f. Inflation
g.
38. Real estate is the most preferred collateral and is therefore the major source of capital
formation;
a. Multiplier Effect
b. Shelter
c. Collateral
d. Universal
e. Appreciation
f. Inflation
39. Land generally rises in value;
a. Multiplier Effect
b. Shelter
c. Collateral
d. Universal
e. Appreciation
f. Inflation
40. The combination of the factors of production to produce an improvement or development. It is
the amount of money used to construct improvements plus the value of the land.
a. Demand
b. Cost
c. Value / Market value
d. Price
41. The amount of money or its equivalent given in exchange for real estate property or any interest therein
a. Cost
b. Value / Market value
c. Price
d. Demand
42. The utility or attribute of a property to satisfy human want or to command other properties in
exchange
a. Cost
b. Value / Market value
c. Price
d. Demand
43. For something to have value, it must be desired. Real estate has value because it is a rare
commodity that satisfies human desires. It is in demand because of desirability.
a. Demand
b. Transferability
c. Scarcity
d. Utility
44. Relates to a product or service’s ability to satisfy a want, need, or desire.
a. Demand
b. Transferability
c. Scarcity
d. Utility
45. For an item to have value, it must not be readily available. some degree of rareness &
uniqueness.
a. Demand
b. Transferability
c. Scarcity
d. Utility
46. The ability to transfer title/ ownership or use of the property to someone else.
a. Demand
b. Transferability
c. Scarcity
d. Utility
47. Implementing Law on Local Taxation known as Local Government Code of 1991, which took
effect on January 1, 1992.
a. Republic Act No. 7610
b. Republic Act No. 7160
c. Republic Act No. 7016
d. Republic Act No. 7016
48. The following is not a Local Taxing Authority
a. Sangguniang Panlalawigan for Provinces
b. Sangguniang Panlungsod for Cities
c. Sangguniang Bayan for Municipalities
d. Sangguniang Barangay for Barangays
e. Sangguniang Bayan for Barangays
49. Tax Rate on Provinces
a. Not more than 50% of 1% (.005)
b. Not more than fifty percent (50%)
 c. Not more than 75% of 1% or not more than 50% of the maximum rate for provinces
(.0075)
50. Maximum tax rates for cities and municipalities within Metropolitan Manila area
a. Not more than 50% of 1% (.005)
b. Not more than fifty percent (50%)
c. Not more than 75% of 1% or not more than 50% of the maximum rate for provinces
(.0075)
51. Tax Rate on Cities
a. Not more than 50% of 1% (.005)
b. Not more than fifty percent (50%)
c. Not more than 75% of 1% or not more than 50% of the maximum rate for
provinces (.0075)
52. Professional Tax shall not exceed
a. P300.00 per profession
b. P250.00 per profession
c. P200.00 per profession
d. P150.00 per profession
53. Professional Tax is payable annually on or before
a. The end of December
b. 31st of January
c. Not later than 15th of February
d. Lat day of the first quarter
54. Community tax for individuals
a. P1 for every P1,000 of income which in no case shall exceed P5,000
b. P2 for every P5,000 of the assessed value of the real property but not to exceed
P10,000
c. P2 for every P5,000 of the assessed value of the real property
55. Community tax for Corporations
a. P1 for every P1,000 of income which in no case shall exceed P5,000
b. P2 for every P5,000 of the assessed value of the real property but not to exceed
P10,000
c. P2 for every P5,000 of the assessed value of the real property
56. Assessment Level for Residential
a. 20%
b. 40%
c. 50%
d. 60%
57. Assessment Level for Agricultural
a. 20%
b. 40%
c. 50%
d. 60%
58. Assessment Level for Commercial
a. 20%
 b. 40%
c. 50%
d. 60%
59. Assessment Level for Industrial
a. 20%
b. 40%
c. 50%
d. 60%
60. Assessment Level for Mineral
a. 20%
b. 40%
c. 50%
d. 60%
61. Assessment Level for Timberland
a. 20%
b. 40%
c. 50%
d. 60%
62. Land principally devoted to habitation.
a. Timberland
b. Commercial Land
c. Industrial Land
d. Mineral Lands
e. Agricultural Land
f. Residential Land
63. Land devoted principally to the planting of trees, raising of crops, livestock and poultry, dairying,
salt making, inland fishing and similar aquacultural activities, and other agricultural activities,
and is not classified as mineral, timber, residential, commercial or industrial land.
a. Timberland
b. Commercial Land
c. Industrial Land
d. Mineral Lands
e. Agricultural Land
f. Residential Land
64. Land devoted principally for the object of profit and is not classified as agricultural, industrial,
mineral, timber, or residential land;.
a. Timberland
b. Commercial Land
c. Industrial Land
d. Mineral Lands
e. Agricultural Land
f. Residential Land
65. Land devoted principally to industrial activity as capital investment and is not classified as
agricultural, commercial, timber, mineral or residential land.
 a. Timberland
b. Commercial Land
c. Industrial Land
d. Mineral Lands
e. Agricultural Land
f. Residential Land
67. The rational and judicious approach of allocating available land resources.
a. Land Use Map b. Land Use c. Land Use Planning d. Land mapping
68. Refers to the manner of utilizing land, its allocation, and development and management.
a. Land Use Map b. Land Use C. Land Use Planning d. Land mapping
69. In selecting site for commercial, the following criteria are applied EXCEPT
a. Site must contain sufficient land to permit construction facilities
b. Land must be in one piece, free of intervening roadways, right- of-way, easements, major
waterways, etc.
c. Topography and shape of site must permit advantageous planning
d. Building structure should be in accordance with the building laws
70. Under National Land Use and Allocation scheme, Land Classification means
a. Assessment of unclassified lands under the public domain which include surveying,
classifying, studying and mapping areas into agricultural, forest or timber, mineral and
national parks.
b. The structure must be visible from major thoroughfares
c. The legislative act of delineating areas or districts within the territorial jurisdictions of cities
and municipalities that may be put to specific uses and their regulation, subject to the
limitations imposed by law or competent authority.
d. The act of putting a piece or parcel of land into a type of use other than that for which it is
currently being utilized.
71. The legislative act of delineating areas or districts within the territorial jurisdictions of cities and
municipalities that may be put to specific uses and their regulation, subject to the limitations
imposed by law or competent authority.
a. Land Classification b. Zoning c. Land Use Conversion c. Land of Public Domain
72. The the subsequent classification, allocation and disposition of lands of the public domain,
classified as alienable and disposable into specific uses
a. Land Reclassification b. Zoning c. Land Use Conversion c. Land of Public Domain
73. is the act of putting a piece or parcel of land into a type of use other than that for which it is
currently being utilized
a. Land Reclassification b. Zoning c. Land Use Conversion d. Land Use Classification
74. Cases when the inherent features and characteristics of the land have not been considerably
altered or modified such that the soil horizon, landform, and structure remain intact so that the
land can be reverted to its former use or original condition.
a. Reversible Uses b. Irreversible Uses c Multiple Land Uses d. Compatible Land Uses
75. Combining different land uses, whether reversible or irreversible, in an orderly and desirable
pattern because: Land is finite and supply is finite; Demand is ever increasing; Competition is
there; Land can indeed have more than one use and uses can be combined in different ways.
 a. Multiple Land Uses b. Compatible Land Uses c. Zoning d. Land Uses
76. when land is subject to applications which brought about changes, alteration or modifications so
much so that it preempts the original use or it is physically impossible to restore the land to its
previous state or condition.
a. Compatible and Incompatible Land Uses c. Reversible Uses
b. Irreversible Uses d. Highest and Best Use
77. The use of land which generates the maximum profit without negative consequences especially
on the environment
a. Zoning c. Environmental Compliance Certificate
b. Highest and Best Use of the Land d. Comprehensive Land use Planning
78. a graphical representation of a place or particular phenomena or themes in an area. It is a
convenient visual form of spatial data, their distribution and relationships
a. Cadastral Map b. Topography c. Maps/Mapping d. Geographic Coordinates
79. A document embodying specific proposals for guiding, regulating growth and development of a
city or municipality
a. Multiple Land Uses b. Compatible Land Uses c. Zoning. d. Comprehensive Land Use Planning
80. Shows simple properties of map data
a. Reference Map b. Map Title c. Base Map d. Geographic Coordinates
81. Defines the information and purpose of a map.
a. Reference Map b. Map Title c. Base Map d. Geographic Coordinates
82. Working map for the preparation of various maps
a. Legend b. Graphic Scale c. Reference Map d. Base Map
83. Key to the codes and symbols used in a map
a. Legend b. Graphic Scale c. Reference Map d. Base Map
84. Ratio distance on the map itself and the corresponding distance on the ground.
a. Graphic Scale b. Legend c. Scale d. Geographic Coordinates
85. Geographic grid known as latitudes and longitudes. – Latitude (parallels) – distance measured
north and south of the equator
a. Graphic Scale b. Legend c. Scale d. Geographic Coordinates
86. line or bar marked off in graduated distances representing actual distances on the ground.
Example: 1:1,000 means 1 meter on the map is equivalent to 1,000 meters or 1 kilometer on the
ground.
a. Graphic Scale b. Legend c. Scale d. Geographic Coordinates
87. Depicts one single feature of the earth’s surface representing one or two themes.
a. Thematic Map b. Population Density Map c. Analytical Map d. Cadastral
88. shows concentration of population by class intervals in relation to land area.
a. Thematic Map b. Population Density Map c. Analytical Map d. Cadastral
89. illustrates the derived results from the analysis of two or more variables according to desired
outputs.
a. Thematic Map b. Population Density Map c. Analytical Map d. Cadastral
90. Public record of land ownership.
a. Cadastral Map b. Topography c. Maps/Mapping d. Zoning Map
 91. Analysis of soil and slope of an area.
a. Cadastral Map b. Flooding Hazard c. Soil Suitability Map d. Land Suitability Map
92. The planning, regulatory and quasi-judicial instrumentality of government for land use
development.
a. HUDCC b. DSHUD c. Urban Planning Council d. NEDA
93. One in which the entire tract is carefully planned and divided into smaller lots served by streets
and open spaces
a. Subdivision b. Simple Subdivision c. Complex Subdivision d. Planned Unit Dev’t
94. One in which a parcel of land is divided into smaller parcels but there are no provisions for
streets or open spaces
a. Residential Subdivision b. Simple Subdivision c. Complex Subdivision d. Subdivision
95. A large tract of land that is subdivided into smaller parcels for a specific use
a. Residential Subdivision b. Simple Subdivision c. Complex Subdivision d. Subdivision
96. A special project which requires at least 60 hectares and of which ownership is sold in the form
of membership.
a. Industrial Subdivision b. Golf Course c. Memorial Parks d. Columbarium
97. Large tracts of land that is master-planned to become a mixed-use neighborhood with spaces
allocated for commercial, residential, office and other uses; as well as amenities and open
spaces.
a. Condominium Project c. Residential Subdivision
b. b. Subdivision Plan d. Planned unit development
98. A comprehensive set of studies to determine if the subdivision project is achievable
a. Surveys c. Construction
b. b. Feasibility Study d. Planning, Engineering and Permitting
99. The alteration of Agricultural land into Residential use. This effort entails a lot of bureaucracy,
red tape and corruption. It requires dealing with numerous government agencies both at the
national level and the local government level.
a. Conversion c. Construction
b. b. Feasibility Study d. Planning, Engineering and Permitting
100.The government agency which issues conversion permits

a. DAR b. LGU c. DNER d. LRA

101. The agency in-charge with technical approvals, registration and license to sell
a. LGU b. DSHUD c. DNER d. LRA
102. Prior to development of a project and after approval of required permits,
environmental compliance and clearances is issued by
a. LGU b. DSHUD c. DENR d. LRA
103. The government agency which Issues lot titles.
a. LGU b. HLURB c. DENR d. LRA
105. Issues certification that land is no longer best used for agriculture
a. DA b. DAR c. DENR LRA
106. Governing laws on registration, license to sell, technical guidelines
a. PD 957 b. PD1216 c. BP220 d. RA 7279

107. The law which governs lowered design standards for economic and socialized projects.
 a. PD 957 b. PD1216 c. BP220 d. RA 7279
108. Regulations on registration and license to sell are used
a. PD 957 b. HLURB c. PD 1096 d. RA 7279
109. Refers to an interest in a condominium project consist of absolute ownership of a
condominium unit and co-ownership of the land and common areas of a project.
a. Condominium b. Subdivision c. Socialized Housing d. Low Cost Housing
110. In the condominium concept, the unit owner is the absolute owner of the space within the
interior surface of his unit, but is only a co-owner of the exterior or façade of the unit.
a. Extent of Ownership b. Evidence of ownership c. Capacity to buy d. co-ownership
111. In the traditional concept of ownership, alien acquisition is not allowed except in cases of
hereditary succession or transfer in favor of former natural-born Filipino citizens. In the
condominium concept, alien ownership not to exceed forty percent interest in the project is
legally allowed.
a. Extent of Ownership b. Evidence of ownership c. Capacity to buy d. co-ownership
112. Ownership in the traditional concept is evidenced by condominium certificate of title.
a. Extent of Ownership b. Evidence of ownership c. Capacity to buy d. co-ownership
113. The following are documents in condominium development and marketing EXCEPT
a. Master Deed with Deed of Restrictions
b. Articles of Incorporation and by laws of condominium corporation
c. Deed of assignment of land in favor of condominium corporation
d. Reservation Agreement, Contract to Sell, Deed of Absolute Sale, Buyer’s Acceptance of Unit.
e. Technical description of the land
114. In a disposition of common areas in a condominium, the following shall prevail, EXCEPT
a. The condominium corporation shall not, during its existence, sell exchange, lease or otherwise
dispose of the common areas owned or held by it in the condominium project unless authorized
by the affirmative vote of a simple majority of the registered owners. Prior notification to all
registered owners is required.
b. The condominium corporation may expand or integrate the project with another upon the
affirmative vote of a simple majority of the registered owners, subject only to final approval of
the HLURB.
c. The master deed may be amended or revoked upon registration with the Register of deeds
with an instrument executed by a simple majority of the registered owners.
115. EXCEPT ONE, the rest are the rights of a condominium owner
a. Absolute ownership of his unit.
b. Non-exclusive easement of the space of his unit
c. Co-ownership of land and common areas.
d. Exclusive easement of the space of his unit.
e. Right to sell, lease, or mortgage his unit.
f. Right to repair, paint, decorate the interior surface of his unit
g. Right to participate and vote in condominium corporation meetings
116. The following is not an obligation of the unit owner
a. Pay the realty tax of his unit
b. Share the real tax on the land and common areas
c. Pay the insurance on his unit
d. Share the insurance on the common areas
e. Comply with use restrictions
 f. Pay dues and assessments
g. Give other unit owners the priority right to buy his unit (right of first refusal), if so required by
the master deed.
h. Rent out the unit to another party
117. Term of Corporation
a. Th life of the condominium project is 75 years unless the corporation is earlier dissolved
b. The life of the condominium project is 50 years unless the corporation is earlier dissolved
c. The life of the condominium project is 25 years unless the corporation is earlier dissolved
d. The life of the condominium corporation shall be coterminous with the life of the
condominium project unless the corporation is earlier dissolved
118. Save in cases of hereditary succession, private lands shall be transferred or conveyed to acquire or
hold lands of the public domain EXCEPT
a. Individuals
b. Corporations
c. Associations
d. Government
119. Alienable lands of the public domain shall be limited to agricultural lands. Citizens of the
Philippines may lease not more than five hundred hectares, or acquire not more than twelve
hectares thereof, by, EXCEPT
a. purchase,
b. exchange
c. homestead,
d. grant
120. As a general rule, only Filipino citizen can own real property in the Philippines. EXCEPT
for the following, these are citizens by, EXCEPT
a. By birth or naturalization
b. By repatriation
c. Dual citizens or by act of Congress
d. A foreigner married to a Filipina or a refugee living in the Philippines by not less than 10
years.
121. Citizens by birth under Section 1 Art. 4 of 1987 Constitution (jus sanguini or right of
blood principle) are those
a. Those who are citizens of the Philippines at the time of the adoption of this Constitution;
b. Those whose fathers or mothers are citizens of the Philippines;
c. Married Filipinos who conform to the citizenship of their spouses
d. Those born before January 17, 1973, of Filipino mothers, who elect Philippine Citizenship
upon reaching the age of majority; and
e. Those who are naturalized in the accordance with law.
122. Judicial act of adopting a foreigner and clothing him with the privileges of a native-born
citizen.
a. Citizens by birth
b. Citizen by naturalization
c. Filipinos by repatriation
d. Filipinos by Act of Congress
123. Are those who are citizens of the Philippines from birth without having to perform any
act to acquire or perfect their Philippine citizenship. Those who elect Philippine citizenship in
accordance with paragraph (3), Section 1 hereof shall be deemed natural-born citizens.
 a. Natural-born citizens or citizens by birth
b. Citizen by naturalization
c. Filipinos by Act of Congress
d. Filipinos by repatriation
124. Foreign nationals who were born outside of the Philippines to a Filipino parent. Also
those born under P.D. No. 725 wherein it allows a Filipino woman who marries an alien to retain
her Philippine citizenship unless by her act or omission, she is deemed under the law to have
renounced her Philippine citizenship, such provision of the new Constitution does not apply to
Filipino women who had married aliens before said Constitution took effect;
a. Natural-born citizens or citizens by birth
b. Citizen by naturalization
c. Filipinos by Act of Congress
d. Filipinos by repatriation
125. Grants citizenship to specific foreigner. Example that granted to Frederick William
Nathannielz and Rev. Fr. Ulrich H. Schlecht, Svd,
a. Natural-born citizens or citizens by birth
b. Citizen by naturalization
c. Filipinos by Act of Congress
d. Filipinos by repatriation
126. The following are exceptions to General Rule where Foreign Ownership of Real property
is allowed:
a. Acquisition before the 1935 Constitution
b. Acquisition thru hereditary succession if the acquiree is a legal heir.
c. Purchase of not more than forty percent interest in a condominium project. (RA 4726)
d. Purchase by former natural born Filipino citizens subject to limitations prescribed by
B.P. 185 (residential lot) and R.A. 8179 (commercial lot).
e. Former Natural Born Citizen under the “Citizenship Retention and Re-acquisition Act of
2003” (R.A. 9225)
f. Those foreigners who had chosen the Philippines their second home under The Special
Resident Retiree's Visa (SRRV)
127. Not inclusive in the provision under BP 185 (for establishing residence), by size or area
of coverage.
a. maximum of 1,000 sq. meters for urban land
b. maximum of one (1) hectare for rural land
c. maximum of 5,000 sq. meters for rural land
128. Land Acquisition for Both Spouses under BP 185
a. either of the spouses may avail of the privilege
b. in case both spouses wish to acquire lands for this purpose, the total area acquired should
not exceed the maximum allowed
c. each of the spouses may avail of such privilege

129. Additional Land Acquisition is allowed under BP 185

 a. In case he/she already owns urban or rural lands for residential purposes, he/she may
acquire additional urban or rural lands, which when added to those he/she presently
owns shall not exceed the authorized maximum area.
b. In case he/she already owns urban or rural lands for business purposes, he/she may acquire
additional urban or rural lands, which when added to those he/she presently owns shall not
exceed the authorized maximum area.
c. In case he/she already owns urban or rural lands for residential purposes, he/she may
acquire additional urban or rural lands, which when added to those he/she presently owns
shall not exceed the authorized maximum area.
130. Limits to the Acquisition of Land under BP 185.
a. A person may acquire not more than two (2) lots which should be situated in different
municipalities or cities anywhere in the Philippines, provided that the total area of these
lots do not exceed 1,000 sq. meters for urban land or one (1) hectare for rural land for use
as residence.
b. An individual who has already acquired urban land shall be disqualified from acquiring
rural land and vice versa.
c. Acquisition of lands by both spouses shall be allowed, provided individual acquisition
shall not exceed 1000sqm each in case of urban land and 1 hectare for rural land
d. An individual who has already acquired urban land shall be disqualified from acquiring
rural land and vice versa.
131. The use of land under BP 185
a. The acquired land should not be used for any purpose other than for residence.
b. The acquired land should not be used for any purpose other than for business.
c. The acquired land should not be used for any purpose other than for residence and
business only.
132. Provisions under RA 7042 as amended by RA 8179 (for investment) by size or area of
coverage
a. maximum of 5,000 sq. meters for urban land
b. maximum of 1000sqm and 1 hectare for residential purposes
c. maximum of three (3) hectares for rural land
133. Land acquisition for both spouses
a. either of the spouses may avail of the privilege
b. in case both spouses wish to acquire lands for this purpose, the total area acquired should
not exceed the maximum allowed
c. each of the spouses may avail of the privilege
134. An act authorizing the ministry of human settlement to establish and promulgate
different levels of standards and technical requirement for economic housing projects in urban
and rural areas.
a. BP 220
b. PD 957,
c. PD 1216,
d. PD 1096
e. PD 1185.
135. Refers to housing units which are within the affordability level of the average low-
income earners which is thirty (30%) percent of the gross family income as determined by the
National Economic and Development Authority from time to time. It shall also refer to the
government-initiated sites and services development and construction of economic and
socialized housing projects in depressed areas.
a. Socialized Housing
b. Cluster housing
c. Shell house
d. Multi-family dwelling
136. A single-family detached dwelling containing three or more separate living units
grouped closely together to form relative compact structures.
a. Shell house
b. Cluster housing
c. Rowhouse
d. Single attached/Semi-detached/duplex

137. A dwelling for one family which is completely surrounded by permanent open spaces,
with independent access, services and use of land.
a. Single Detached
b. Cluster housing
c. Rowhouse
d. Single attached/Semi-detached/duplex

138. A dwelling containing two or more separate living units each of which is separated from
another by party or lots lines walls and provided with independent access. Includes duplexes,
quadruplexes, or terraces, and cluster housing
a. Multi-family dwelling
b. Cluster housing
c. Rowhouse
d. Single attached/Semi-detached/duplex
139. A single-attached dwelling containing three or more separate living units assigned in
such a way that they abut each at the sides, as in a row, and are separated from each other by
party walls, provided with independent access, services and use of land.
a. Multi-family dwelling
b. Cluster housing
d. Rowhouse
e. Sanitary Core
140. A dwelling on one lot containing separate living units for three or more families, usually
providing with common access, services and use of land.
a. Multi-family dwelling
b. Cluster housing
d. Rowhouse
e. Sanitary Core
141. A basic minimum sanitary facility which may not include wall enclosure but should
include the following features: (a) a system of human waste disposal acceptable to the
 Department of Health or other proper regulatory entity; (b) roughing-ins for sanitary and water
lines; (c) slabs for toilet and bath.
a. Multi-family dwelling
b. Cluster housing
c. Rowhouse
d . Sanitary Core
142. A habitable dwelling unit which met the minimum requirements for a housing core.
a. Shell house
b. Cluster housing
c. Rowhouse
d. Single attached/Semi-detached/duplex
143. A habitable dwelling unit which met the minimum requirements for a shell house with
the following additional component as part thereof: (a) all windows and doors, (b) partitions
walls for separating functional areas.
a. Socialized Housing
b. Cluster housing
c. Complete house
d. Multi-family dwelling
144. A type of housing projects provided to moderately low income families with lower
interest rates and longer amortization periods.
a. Economic/Socialized Housing
b. Cluster housing
c. Complete house
d. Multi-family dwelling
145. A public way intended to break a block and to serve both pedestrian and emergency
vehicles, both ends always connecting tom streets.
a. Pathwalk/footpath
b. Alley
c. Hallway
146. A public way intended for pedestrian to provide access to adjacent streets or property
with maximum length of 50 meters
a. Pathwalk/footpath
b. Alley
c. Hallway
147. Development permits shall be valid with a stipulated condition that an ECC shall be
secured prior to actual development and should activity not be commenced within said period,
the grantee of the permit may apply for its revalidation within the next succeeding year.
a. for a period of one (1) year under the old law
b. now three years under the new law
c. for a period of three (3) years (now one year)
148. No subdivision or condominium intended for economic and socialized housing shall be
sold unless it has been registered and issued a ___in accordance with these Rules.
a. License to sell
b. Development permit
c. Approved registration
d. Land use plan
149. The BOARD may, in its discretion or upon notice and hearing immediately suspend the
owner’s license to sell and issue a Cease and Desist order pending investigation and hearing of
the case for the following reasons, EXCEPT
a. misleading, incorrect, inadequate or incomplete
b. the sale or offering for sale of the project may work or tend to work a fraud upon
prospective buyers
c. the sale to the public of the subdivision project shall neither be fraudulent nor result
in fraud
150. EXCEPT ONE, The BOARD may, motu, proprio, or upon verified complaint, filed by a
buyer, revoke, the registration and license to sell of any subdivision project or subdivision
lot/house in said project or condominium unit if upon examination of the affairs of the owner or
dealer, a hearing conducted,, it shall appear that there is prima facie evidence that the said
owner or dealer is:
a. insolvent; or
b. has completed all required documents for development under BP 220
c. has violated any of the provisions of the law and its rules and regulations or any
undertaking of his/its performance bond;
d. or has been or is engaged in fraudulent transaction