Practice Exam 1 Real Estate Planning & Development

NAME : SHERELL G.
ONG DATE: June 10, 2023
PRACTICE EXAM 1 : REAL ESTATE PLANNING & DEVELOPMENT
Instruction: Kindly highlight or encircle the best answer.
1. The following properties are considered “movable” property –
A. Fertilizer actually used on a piece of land;

B. Shares of stock of agricultural, commercial and industrial entities;
C. Machinery intended for an industry in a building
D. Statues and paintings intended for permanent attachment
2. The following properties are “immovables”, except – *
A. Animal houses, pigeon-houses, beehives, fish ponds etc. intended for permanent
attachment;
B. Fertilizer actually used on a piece of land;
C. Mines, quarries, and slag dumps, while part of the bed, and waters either running or
stagnant;
D. Real property which by any special provision of law is considered as personalty;
3. The following properties of government is not part of public dominion
A. Patrimonial property
B. Roads, canals and rivers
C. Ports and bridges
D. Property reserved for some public service
4. Hidden treasure found to be of interest to science or the arts
A. Is required to be donated by the Owner to the National Museum;

B. May be acquired by the State at a just price;
C. Shall be subject to forfeiture;
D. Will be owned 50% by the Owner, 50% to be surrendered to the State.
5. Ownership of property gives this right to everything which is produced thereby or which is
incorporated or attached thereto –
A. Right to Enjoy
B. Civil fruits
C. Right of accession
D. Industrial fruits
6. The following is TRUE for owners of lands adjoining rivers, ponds or lagoons –
A. They shall own land left dry by the natural decrease of waters; B. They shall lose the portion of
land inundated in extraordinary floods; C. They shall own the accretion which they gradually receive
from the effects of waters;
D. They shall own outright a portion of land transferred from another estate by natural
action of water;
7. An action in court to remove any doubt or resolve any claim that is apparently valid but is in
truth invalid.
A. Redemption
B. Adjudication
C. Quieting of title
D. Adverse claim
8. The possession of hereditary property is deemed transmitted to the heir without

interruption and from the moment of the death of the decedent –
A. Subject to approval of the court

B. Only in case the inheritance is accepted
C. Automatically
D. Only after estate taxes have been paid
9. A person is not aware that there exists in his title or mode of acquisition of the property a
flaw which invalidates it. He is –
A. A possessor in bad faith

B. An honest owner
C. A possessor in good faith
D. A legitimate owner
10. A possessor in good faith is not entitled to the following
A. Indemnity for expenses of cultivation that yields natural fruits after his possession ended; B. Portion
of the harvest gathered after his possession is severed;
C. The rentals of the property that will accrue beyond his possession; D. The reimbursement
for expenses for useful things he introduced to the property;
11. A usufructuary is not entitled to the following –
A. The natural fruits of the land he gathered from tree planted by a previous usufructuary;
B. All of the hidden treasure he found in the property;
C. The rentals from a part of the property he sub-leased;
D. The subterranean minerals he uncovered;
12. The usufructuary is not entitled to the following rights
A. To sub-lease the property;

B. To sell his right of usufruct;
C. To alienate his usufruct gratuitously;
D. To pay for expenses of restoration for damage due to wear and tear.
13. The immovable benefitting from an easement established is called the ______.
A. Owner;
B. Dominant estate;
C. Servient estate;
D. None of the above
14. Easements are those which are made known and are continually kept in view by external
signs that reveal the use and enjoyment of the same are called ______________
easements.
A. Apparent easements;
B. Continuous easements;
C. Positive easements;
D. Negative easements;
15. Also known as the “Continuing Professional Development Act of 2016
A. RESA Law
B. RA 11123
C. RA 10963
D. RA 10912
16. The PRC Modernization Act – *
A. R.A. 8981
B. R.A. 8974
C. R.A. 8532
D. R.A. 8435
17. The following activities are entitled to CPD credit units as part of “self-directed learning” ,
EXCEPT – *
A. Real estate training module on the internet

B. Read a new book on real estate service
C. Research paper on real estate industry
D. Relevant short-term post-graduate course
18. The most populous city in the Philippines –
A. Manila
B. Caloocan
C. Davao
D. Quezon City
19. A special court created primarily to try government officials accused of graft and corruption
A. Supreme court
B. Ombudsman
C. Sandiganbayan
D. Regional Trial Court
20. Number of provinces in the Philippines –
A. 40
B. 81
C. 138
D. 17
21. For lands of the public domain, the following agencies are involved in titling, except
A. CENRO
B. National Commission for Indigenous Peoples
C. Land Management Bureau of DENR
D. Department of Agrarian Reform
22. The highest quality classification of a building based on building codes and appraisal
guidebooks –
A. Type I
B. Type II
C. Type III
D. Type IV
23. Assessment level of Agricultural lands –
A. 20%
B. 40%
C. 50%
D.80%
24. The list of properties that are taxable or exempt are maintained by the assessors in the –
A. Property register
B. Assessment rolls
C. Real estate database
D. tax declaration roster
25. Interest rates are vital in controlling money supply. If interest rates are reduced –
A. There will be less money in circulation
B. There will be an increase in investments in time deposits
C. There will be more money in circulation
D. There will be less borrowings
26. Low interest rates will trigger
A. Capital outflows from the country

B. Recession
C. More investment
D. More savings
27. Every peso invested in real estate is converted into multiple transactions –
A. Multiplier effect B. Transactional impact C. Inflation D. Investment
28. Demand for real estate is least affected by
A. Population growth patterns

B. Availability of affordable credit
C. Inflation
D. Bureaucracy
29. An assemblage of various assets or liabilities held by or managed by a single entity
A. Portfolio
B. Aggregate
C. Mutual fund
D. Corporation
30. A survey of a large area of land in which corrections are made to account for the curvature
of the earth.
A. Plane survey
B. Global survey
C. Topographic survey
D. Geodetic survey
--------------------END----------------------

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NAME : SHERELL G.

ONG DATE: June 10, 2023

PRACTICE EXAM 1 : REAL ESTATE PLANNING & DEVELOPMENT

Instruction: Kindly highlight or encircle the best answer.

1. The following properties are considered “movable” property –

A. Fertilizer actually used on a piece of land;

2. The following properties are “immovables”, except – *

3. The following properties of government is not part of public dominion

4. Hidden treasure found to be of interest to science or the arts

A. Is required to be donated by the Owner to the National Museum;

8. The possession of hereditary property is deemed transmitted to the heir without

A. Subject to approval of the court

A. A possessor in bad faith

10. A possessor in good faith is not entitled to the following

11. A usufructuary is not entitled to the following –

A. To sub-lease the property;

15. Also known as the “Continuing Professional Development Act of 2016

16. The PRC Modernization Act – *

A. Real estate training module on the internet

18. The most populous city in the Philippines –

20. Number of provinces in the Philippines –

23. Assessment level of Agricultural lands –

26. Low interest rates will trigger

A. Capital outflows from the country

A. Multiplier effect B. Transactional impact C. Inflation D. Investment

28. Demand for real estate is least affected by

A. Population growth patterns

29. An assemblage of various assets or liabilities held by or managed by a single entity

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