final coaching q and a

7/25/2019 Final Coaching Q and A

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PART 1: BASIC/FUNDAMENTALS OF PART 1: BASIC/FUNDAMENTALS OF REB

1. A thing which can be transported from place to place without impairment of the real property to which they are fixed is called.

a. Real property b. Movable property

c. Immovable property d. Objects

2. A kind of movable property which cannot be used according to its nature without it being consumed.

a. Consumable b. Non-consumable

c. Fungible d. Non-fungible

3. It is the independent and general right of a person to control a thing particularly in his possession, enjoyment, disposition, and

recovery, subject to no restrictions except those imposed by the state or private persons, without prejudice to the provisions of the law.

a. Possession b.Ownership

c. Disposition d. Right to use e. Right to vindicate

4. This is ownership where the right to the use and the fruits has been denied.

a. Full ownership b. Sole Ownership

c. Co-ownership d. Naked Ownership

5. A plenary action to recover the better right of possession of a real property.

a. Forcible entry b. Accion Publiciana

c. Accionreinvidicatoria d. Unlawful Detainer

6.An action to recover ownership and possession of a real property.

a. Forcible entry b. AccionPubliciana

c. Accionreinvidicatoria d. Unlawful Detainer

7.One of the inherent powers of the state to regulate and restrict personal and real property rights for the common welfare of the

people without just compensation.

a. Taxation b. Eminent Domain

c. Expropriation d. Police Power

8.Power of the state to raise income or revenue to defray necessary government expenses for a public purpose.

a. Police Power b. Eminent Domain

c. Taxation d. Expropriation

9.Right of a property owner to everything which is produced thereby or which is incorporated or attached thereto, naturally or

artificially.

a.Right of Accession b.Right of Accretion

c. Right of Acceleration d. Right to the fruits

10. The process whereby the current of a river, creek, or torrent segregates from an estate on its bank a known portion of land and

transfer it to another estate.

a. Alluvium b. Allovio

c. Avulsion d. Accretion

11. Is the principle of ownership which mandates property owners to use their property in a manner that will promote not only their

interest but also the general welfare.

a. Stewardship b. Tenancy

c. Occupancy d. Guardianship

12. Under the Civil Code it is considered as an object that is or may be appropriated.

a. Property b. Personal property

c. Real property d. Movable Property

13. This property belongs to someone.

a. Res nullius b. Res communes

c. Res alicujus d. Res collares

14. Ownership of real property may be acquired by prescription, although there is bad faith, in ___years.

a. 25 b. 35

c. 30 d. 20



15. Acquisition in bad faith of personal property needs only ___ years.

a. 10 b. 5

c. 8 d. 15

16. Forces of nature which are brought under control by science.

a. Movable property b. Immovable property

c. Real property d. Property

17. If such change in location can be made without injuring the real property to which it may in the meantime be attached is a test by:

a. Destination b. Description

c. Disposition d. Incorporation

18. It is the right of an owner to dispose his property.

a. jus abutendi b. jus disponendi

c. jus vindicandi d. jus possidendi

19. Donation of personal property need not be in writing if less than ____.

a. 6,000 b. 7,000

c. 5,000 d. 3,000

20. Mr. Maagapalso violated the IRR / RESA, his penalty shall be:

a. P200,000.00 fine or no less that 4 years imprisonment or both fine and imprisonment upon the discretion of the court.

b. P100,000.00 fine or no less than 4 years imprisonment or both f ine and imprisonment

c. Imprisonment of 6 years only

d. Doubling the P200,000.00 fine only.

21. Under ___________ , _______________ of RESA, 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.

a. Section 13, Rule III b. Section 9, Rule II

c. Section 39, Rule 5 d. Section 7, Rule II

22. The revocation or suspension of the Certificate of Registration and Professional Identification Card or Cancellation of Special or

Temporary Permit of a real estate practitioner may be given by the Board on any of the following instances except:

a. When charged for estafa before a regular court

b. Unprofessional or unethical conduct

c. Procurement of a certificate of registration and/or professional identification card or special temporary permit by fraud or

deceit

d. Malpractice or violation of any of the provisions of R.A.9646, the IRR and the Code of Ethics and Responsibilities

23. This is an action to recover personal property.

a.Writ of preliminary injunction b. Writ of possession

c.Provisional Remedy of Replevin d.Unlawful Detainer

24. The contract of sale is ___________ because it is perfected by mere consent without any further act.

a.Onerous b.Nominate

c.Principal d.Consensual

25. Superior right of the state to own certain properties under certain conditions

and may be exercised over private properties of cities and municipalities even over lands covered by torrenstitle.

a. Eminent Domain b. Taxation

c. Appropriation d. Police Power

26. Movables are classified as _______________.

a. Tangible and Intangible b. Fungible and Non-fungible

c. Consumable and Non-consumable d. None of the above

27. This is a kind of ownership where the right to the use and the fruits has been denied.

a. Full Ownership b. Sole Ownership

c. Co-Ownership d. Naked Ownership



28. Under the Roman Law this is the right of an owner to recover property.

a. jus fruendi b. jus abutendi

c. jus disponendi d. jus vindicandi

29. This is an action to recover personal property.

a. Replevin b. AccionPauliana

c. AccionInterdictal d. AccionReindivicatoria

30. The right to counter, in certain cases, force with force.

a. Theory of Irrevindicability b. Doctrine of Self-Help

c. RegalianDoctrine d. Merger Doctrine

31. These are the spontaneous products of the soil, and the young and other products of animals.

a. Industrial fruits b. Civil fruits

c. Natural fruits d. None of the above

32. A property that is commonly shared by everybody is referred to as _________.

a. Res nullius b. Res alicujus

c. Res communes d. None of the above

33. A test to determine If the property is capable of being carried from place to place

a. test by destination b. test by description

c. test by incorporation d. test by prescription

34. A type of ownership vested in only one person.

a. Full of Ownership b. Naked Ownership

c. Sole Ownership d. Co-ownership

35. The following are characteristics of a Property except:

a. Utility for the satisfaction of moral and economic wants. b. Susceptibility of appropriation.

c. Individuality or substantivity. d. Dependency on ownership

36. The assessment level of the improvements of a property owned by Ms. Lim will be based on the classification and

a. Fair market value of the improvement of the assessor b. Assessed value of the improvement of the assessor

c. Zonal value of the improvement d. Declared value by the owner x tax rate

37. Effective 2012, a real estate broker shall be subject to VAT if the total income for the year exceeds

a. 1,919,500.00 b. 3,199,200.00

c. 2,500,000.00 d. 1,500,000.00

38. A contract which is enforceable under the Stature of Frauds, and a public document is necessary for its registration in the Registry

of Deeds, the parties may avail of the right when a specific form is required by law.

a. Voidable Contract b. Unenforceable Contract

c. RescissibleContract d. Enforceable Contract

39 Those contracts entered into in the name of another person by one who has no authority or legal representation, or who has acted

beyond his power (eg. selling property w/o authority) are ________.

a. Voidable Contract c. Unenforceable Contract

b. RescissibleContract d. Enforceable Contract

40.Those contract where the consent is vitiated by mistake, violence, intimidation, undue influence or fraud are _____________.


c. Rescissible Contract d. Enforceable Contract

41.Contracts which are considered valid until rescinded; they have extrinsic defects or economic damages or lesion suffered by one of

the party.

a. Voidable Contract c. Unenforceable Contract

b. Rescissible Contract d. Enforceable Contract

42.Those contracts where one of the parties is incapable of giving consent to a contract are _____________.


c. RescissibleContract d. Enforceable Contract



43. _________ is a contract where a person binds himself to render some service or to do something in representation or on behalf of

another, with the consent or authority of the latter. It is based on representation in behalf of the principal

a. Contract of Sale b. Contract of Agency

c. Contract for a piece of work d. Contract of Labor

44. The following are contracts which requires to be in writing except __________.

a. Donations of personal property whose sale exceeds P5,000 b. Sale of piece of land or any interest therein by an agent

c. Contract of antichresis d. Contract for a piece of work

45. Those contracts whose cause or object did not exist at the time of the transaction and cannot come into existence are _________.

a. Void Contracts b. Unenforceable Contracts

c. RescissibleContracts d. Enforceable Contracts

46. Those contracts whose cause, object or purpose is contrary to law, morals, good customs, public order or public policy are

____________.

a. Void Contracts b. Unenforceable Contracts

c. RescissibleContracts d. Enforceable Contracts

47. The following are the legal basis for Real Properties Taxation except _________.

a. Section 5, Article X of the 1987 Constitution b. Section 197 of Local Government Code

c. Section 200 of Administration of Real Property Tax d. Section 149 of Presidential Decree 957

48. _______ is the amount of money needed to acquire, produce, create, or manufacture, an item of property.

a.Market Value b.Cost

c. Price d. Utility

49. _________ is the actual amount of money paid by a buyer to a seller of property for the purchase of goods or item of property.


c.Price d. Utility

50. ___________ the estimated amount for which a property should exchange on the date of valuation between a willing buyer and

willing seller in “Arm’s Length Transaction” after proper marketing wherein the parties had each acted knowledgeably, prudently,

without compulsion.


c.Price d. Utility

51.What is the maximum allowable limit provided by law for lands that may be owned by a former Filipino natural born citizen?

A.1 hectare B.1,000sqm

C. 5,000sqm D. 500sqm

52. Under the Investor’s Lease Act of the Philippines, a foreign national and/or corporation may enter into a lease agreement with

Filipino landowners for an initial period of up to ______ years renewable once for an additional ________ years.

A.50 years; 25 years B. 99 years; 50 years

C. 25 years; 20 years D. 75 years; 25 years

53. Is authorized under the law to provide comprehensive policy guidelines for the promotion and development of the real estate

industry in relation to the regulation of the practice of the real estate service profession:

a. Professional Regulatory Board of Real Estate Service

b. Professional Regulation Commission

c. Accredited and Integrated Professional Organization

d. Philippine Association of Real Estate Boards

54. A former Filipino citizen may acquire or own a land in the Philippines provided that the same shall be used by him as ________.

A.Residential B. Industrial

C. Commercial D. Agricultural

55. The following are modes of acquiring ownership except __________.

A.Donation B.Occupation

C. Prescription D. Contract



56. The following are subject of occupation except _________.

A. Animals without owner B.Abandoned movables

C. Warehouses D. Hidden Treasures

57. The property that belongs exclusively to the husband.

a.Paraphernal property b.Capital property

c. Inherited property d. Property purchased using his own funds

58.The grant of agricultural land to tenant-farmers in the implementation of the land reform program of the government.

a.Emancipation patent b.Land patent

c. Land title d. Original certificate of title

59. ________ is a mode of acquisition by virtue of which the property, rights and obligations to the extent of the value of the inheritance,

of a person is transmitted through his death to another or others either by his will or by operation of law.

A.Succession B.Tradition

C. Donation D. Prescription

60. ____________ is a mode of acquiring ownership and other real rights through the lapse of time in the manner and conditions set forth

by law.

A.Succession B.Tradition


61. Those donation made between persons who were guilty of adultery or concubinageat the time of donation is __________.

A.Unenforceable B.Voidable

C. Void D. Ineffective

62. ________ succession results from the designation of an heir, made in a will executed in the form prescribed by law.

A.Testamentary B.Intestate

C. Mixed D. None of the above

63. Donations made to the priest who heard the confession of the donor during the latter’s last illness, or the minister of the gospel

who extended spiritual aid to him during the same period is ___________.



64. Donations made between husband and wife, directly or indirectly, except moderate gifts on the occasion of family rejoicing is

___________.



65. _________________ is a succession by operation of law. This takes place if the decedent died without living a will or when the will was

invalidated.

A.Testamentary B.Intestate

C. Mixed D. None of the above

66. Who are compulsory heirs?

A. Legitimate children and their descendants B. Legitimate parents and their ascendants

D. Illegitimate parents C. None of the above

67. ____________ is that part of the testator’s property which he cannot dispose of because the law has reserved for certain heirs who

are, therefore, called compulsory heirs.

A.Free portion B.Legitime

C. Half of the estate D. None of the above

68. Who are secondary compulsory heirs?

A. Legitimate children and their descendants B. Surviving spouse

C. Illegitimate children and their descendants D. Legitimate parents

69. ______________ is reasonable belief that the person from whom the possessor received the thing was the owner thereof and could

transmit his ownership and the possessor is ignorant of any flaw which would invalidate his title or mode of acquisition.

A.Good faith B.Just Title

C. Prudent decision D. Innocence



70. There is ______________ when the adverse claimant came into the possession of the real things, but the grantor was not the owner or

could not transmit the right. Such title must be true, must be valid and must be proven.

A. Transfer Certificate of Title B. Just Title

C. Original Certificate of Title D. None of the above

71. The following governs the property relations between husband and wife except _____________.

A. Marriage settlements executed before the marriage; B. Provisions of the Civil Code of the Philippines;

C. Local customs. D. Family Code

72. All the property owned by the spouses at the time of the celebration of the marriage or acquired thereafter constitutes

_______________.

A. Conjugal Property B. Community Property

C. Separation of Property D. None of the above

73. ________________ is formed by a husband and wife whereby they placed in a common fund the fruits of their separate property and

the income from their work or industry, the same is divided between them equally upon the dissolution of the marriage or the

partnership.

A. Conjugal Property B. Community Property

C. Separation of Property D. None of the above

74. The following are the exclusive property of spouses under conjugal partnership regime except ____________

A. Properties which is brought to the marriage as his or her own;

B. Those acquired by either or both of the spouses by their efforts or by chance

C. That which each acquires during the marriage by gratuitous title

D. Properties which is acquired by right of redemption, by barter or by exchange with property belonging to only one of the

spouses of the spouses;

75. The following are conjugal properties of the spouses except _____________.

A. the proceeds, products, fruits and income from the separate properties of the spouse.

B. Those acquired by either or both of the spouses by their efforts

C. Those acquired by either or both of the spouses by chance

D. Properties which is acquired by right of redemption, by barter or by exchange with property belonging to only one of the

spouses

76. Who are the beneficiaries of Family Home?

A. husband and wife

B. the unmarried person who is the head of the family

C. their parents, ascendants, descendants , who are living in the family and who depend upon the head of the family for

support.

D. Brothers and sisters even residing abroad

77. Family home shall continue even after death of one or both spouses or of unmarried person for a period of _________ or as long as

there is a minor and the heirs cannot partition the same unless the court finds compelling reasons.

A.10 years B.5 years

C. 20 years D. 3 years

78. Properties during the period of union without marriage shall be governed by _______.

A. Provision of separation of property in the Civil Code B. Provisions of conjugal property in the Civil Code

C. Laws on co-ownership D. None of the above

79. Family home –deemed constituted on a house and lot from the time it is occupied ________.

A. By the family B. As a family residence.

C. Registered under the name of the Head of the Family D. None of the above.

80. Former Filipino natural born citizens cannot acquire more than ______ lots.

A.5 lots B.10 lots

C. 8 lots D. 2 lots

81. Republic Act No. 8179 is otherwise known as _____________.

A. Foreign Investment Act of 1991 B. Condominium Act of the Philippines

C. Philippine Dual Citizenship Law D. Comprehensive Agrarian Reform Law of 1998



82. Republic Act No. 9700 is otherwise known as ______________.

A. Foreign Investment Act of 1991 B. Condominium Act of the Philippines

C. Philippine Dual Citizenship Law D.CARPER LAW

83. What is the date of effectivity of CARPER Law?

A.July 1, 2009 B.July 1, 2000

C. July 31, 2009 D. July 31, 2000

84. Republic Act No. 9225 is also known as ___________.

A.Foreign Investment Act of 1991 B.Condominium Act of the Philippines

C. Dual Citizenship Law of 2003 D. CARPER LAW

85.A relative and comparative term rather than an absolute condition that refers to the degree of usefulness of a property.

a.Utility b.Mobility

c. Usage d. None of the above

86. The conditions for granting tax exemptions on idle lands are the following except ________.

a. Force Majeure b. Civil disturbance

c. Natural Calamity d. Death of the registered owner

87. The composition of the Professional Regulatory Board of Real Estate Service, under the supervision and administrative control of

the Professional Regulation Commission (PRC) shall be:

a. One (1) chairman and three (3) members b. One (1) chairman and four (4) members

c. One (1) chairman and five (5) members d. One (1) chairman and two (2) members

88. Exempted from realty taxes on the basis of ownership are real properties owned by _____________.

a. Registered Cooperatives b. The property is the subject of litigation

c. Registered Agencies d. Registered Labor Unions

89. The following are exempted from realty taxes on the basis of their character except _____________.

a. Charitable Institution b. Non-profit or religious cemetery

c. Establishment owned a Bankrupt Corporation d. Houses and temples of worship

90. Husband and wife cannot sell a property to each other except when there is separation of property regime is agreed upon prior to

the celebration of marriage and ___________.

a. When both spouses are found to be incapable of giving consent to each other

b. When there is a judicial separation of property

c. When they live separately from each other

d. When conjugal property is agreed after the celebration of marriage

91. To take ownership of a private land, residential house and lot, and commercial building and lot, foreigners may set up a Philippine

corporation in the Philippines. This means that the corporation owning the land has less than or up to ______ foreign equity and is

formed by 5-15 natural persons of legal age as incorporators, majority of whom are Philippine residents.

A. 25% B. 45%

C. 40% D. 30%

92. ___________ is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or

render some service in return.

a.Negotiation b.Memorandum

c.Contract d.None of the above

93. A remedy in equity by means of which a written instrument is made or construed so as to express or conform to the real intention

of the parties when some error or mistake has been committed.

a. Reformation of instrument b . Amended Complaint

c. Amended Information d. None of the above

94. A holder of a relevant bachelor’s degree from a state university or college, or other educational institution duly recognized by the

CHED maybe qualified for real estate board examination provided that he has completed at least:

a. 120 credit units of real estate subjects and training b. 60 credit units of real estate training

c. 60 credit units of field real estate training d. 12 units of real estate seminar



95. The professional identification card shall be renewed every _______ years and upon satisfying the requirements of the board such

as, but not limited to attendance in the:

a.3; CEP program b.3; CPD program

c. 3; CRES program d. 3; CPE program

96. Right of an owner to consume (and also to transform or abuse) his property.

a. jus fruendi b. jus vindicandi

c. jus utendi d. jus abutendi

97. Roger did not agree with the assessment made by the assessor on his property. Roger may appeal the same within what period?

a. 30 days from receipt of notice of assessment b. 60 days from receipt of notice of assessment

c. 90 days from receipt of notice of assessment d. 120 days from receipt of notice of assessment

98. The local government shall cause a notice of delinquency and thereafter the property sold at public auction in case of

a. Unpaid delinquent real estate taxes b. Under declaration of value

c. Payment under protest d. Delinquent real estate taxes for at least 5 years

99. The following are owners of Intellectual Creations, except _______.

A. Author B. Composers

C. Scientist D. Professors

100. ____________ is an act liberality whereby a person disposes gratuitously of a thing or right in favor of another, who accepts it.

A. Succession B. Tradition




PART 2: SPECIAL & TECHNICAL PART 2: SPECIAL & TECHNICAL KNOWLEDGEKNOWLEDGE

101. Projects intended for the underprivileged and homeless wherein the housing package selling price is within the lowest interest

rate under UHLP.

a. Subdivision Project b. Socialized Housing

c. New Settlement d. Main Subdivision Project

102. A subdivision plan of a registered land wherein a street, passageway or open space is delineated on the plan is

a. Subdivision spaces plan b. Complex subdivision plan

c. Simple subdivision plan d. Approved subdivision plan

103.Proposed residential subdivision or residential condominium project which shall be the basis for computing the 20% requirement

for socialized housing.

a.Subdivision Project b.Socialized Housing

c.New Settlement d.Main Subdivision Project

104. Under PD 957, the minimum right of way for a minor road

a. 6 meters b. 10 meters

c. 8 meters d. 6.5 meters

105. Any new large scale development, consisting of one or several subdivision projects planned to provide housing, workplaces, and

related facilities, and related facilities within a more or less self-contained environment.

a.Subdivision Project b.Socialized Housing

c. New Settlement d. Main Subdivision Project

106. The water connection for subdivisions as provided under PD 957 is

a. 100 liters per capita per day b. 150 liters per capita per day

c. 200 liters per capita per day d. 250 liters per capita per day

107. What is the minimum lot area of single detached in open market housing under PD 957?

a. 120sqm b. 100sqm

c. 72sqm d. 64sqm

108. BP 220 provides that no subdivision or condominium intended for economic and socialized housing shall be sold unless it has

been registered and issued a _________________by HLURB.

a. Development permit b. License to sell

c. Location clearance d. Environment clearance

109. What is the minimum lot area of row house in economic housing under BP 220?

a. 60sqm b. 52sqm

c. 36sqm d. 28sqm

110. As provided for by RA # 7279 -UDHA a developer of a subdivision project is required to develop at ______________ of the project for

economic housing

a. Least 20% b. Least 30%

c. Least 60% d. Least 70%

111. What is the minimum floor area in duplex/Single Attached in medium cost housing under PD 957?

a. 42sqm b. 30sqm

c. 22sqm d. 18sqm

112.Under the Multi-window Lending System of HUDCC, the amortization of a housing loan borrower should not exceed forty (40%) of:

a. Gross family income b. Joint income of 3 family members

c.Average annual income d. Net disposable income

113. The number of row houses shall not exceed ______ per block/cluster and/or ________ in length.

a. 15units, 200m b. 25units, 150m

c. 20units, 100m d. 10units, 250m

114. A passage way with only one outlet.

a. Tie lines b. Cul-de-sac

c. Gridiron d. Contour lines



115. What is the minimum lot area of row houses in socialized housing?

a. 60 b. 50

c. 36 d. 28

116. _______________ is the entire parcel of real property divided or to be divided primarily for residential purposes into condominium

units, including all structures thereon, as defined by PD 957.

a. Complex Subdivision Plan b. Condominium Project

c.Project Area d.Project Cost

117. _____________ refers to cost of the project based on the current market value of the raw land plus estimated land development cost

plus or HIGC preliminary appraisal for projects requiring HIGC guarantee or HIGC appraisal.

a. Complex Subdivision Plan b. Condominium Project

c.Project Area d.Project Cost

118. Under RA. 4726, ___________ means a part of the condominium project intended for any type of independent use or ownership,

including one or more rooms or spaces located in one or more floors (or part or parts of floors) in a building or buildings and such

accessories as may be appended thereto.

a.Condominium Unit b.Condominium Common Areas

c.Project Area d.Divided Unit

119. Under RA 4727, ______________ is defined as the entire project excepting all units separately granted or held or reserved.

a.Condominium Unit b.Condominium Common Areas

c.Project Area d.Divided Unit

120. _____________________ is the central repository of records relative to original registration of lands titled under the Torrens system,

including subdivision and consolidation plans of titled lands.

a.Department of Agrarian Reform b.Provincial Assessor’s Office

c.Land Registration Commission d.None of the above

121. For a row house under PD957 , the minimum lot frontage is

a. 3 meters b. 4 meters

c. 6 meters d. 8 meters

122. Document issued by DENR Secretary that the proposed project will not cause a significant negative environmental impact

a. Environmental impact certificate b. Environmental compliance certificate

c. Environmental impact compliance d. Environmental impact statement

123. An agricultural lot with an area of 9,800 square meters is to be converted and develop into a maximum density socialized housing

subdivision. Under B.P. 220, no fixed ratio between the saleable and non-saleable areas is provided, but for parks and playground the

developer should allocate the following percentage of total lot area:

a. 9.0% c. 7.0%

b. 5.0% d. None of the above

124. Under MacedaLaw, if buyer has paid less than 2 years, when can a cancellation of contract be done?

a. Only upon consummation of grace period b. Notarial notice

c. A and B d. None of the above

125. Under PD 957, penalty for v iolation is:

a. P20,000 or imprisonment of not more than 10 yrs b. P10,000 or imprisonment of not more than 2 yrs

c. P100,000 or imprisonment of not more than 5 yrs d. P200,000 or imprisonment of not more than 2 yrs

126.Republic Act No. 4726 is known as

a.Condominium Act b.Land Reform Act

c.Urban Development and Housing Act of 1992 d.Clean Air Act

127. This means a tract or parcel of land registered under Act No. 496 which is partitioned primarily for residential purposes into

individual lots with or without improvements thereon.

a.Condominium Unit b.Subdivision Project

c.Subdivision Lot d.Condominium Project



128 Refers to the person who develops or improves the subdivision project or condominium project for and in behalf of the owner.

a.Owner b.Broker

c.Dealer d.Developer

129. The _____________ shall have exclusive jurisdiction to regulate the real estate trade and business in accordance with the provisions

of PD 957.

a. National Housing Authority b. Housing and Land Use Regulatory Board

c. Land Registration Authority d. Home Guaranty Corporation

130.If the owner or developer of a subdivision is without access to any existing public road or street, he must secure _____________ to a

public road or street and such must be developed and maintained according to the requirement of the government and authorities

concerned.

a.Right of Way b.Easements

c. Right of Road d. Right of Possession

131. When the project is without access to any existing public road, the developer must secure _________ which must be developed and

maintained according to the requirements of the government authorities concerned:

a. Consent of adjoining property b. Right of way

c. Approved alteration plan d. Remapping of lot

132. For an open and medium market under PD 957 the right of way for minor road of the project size above 15 -30 hectares is;

a.12 meters b.8 meters

c.10 meters d. 15 meters

133. Is the mathematical science used to determine and delineate the form, extent, and position of features on or beneath the surface

of the earth for control purposes -that is for aligning land and construction boundaries, and for providing checks for construction

dimensions.

a.Surveying b.Map reading

c.Site inspections d.Cadastral land surveys

134. It refers to an imaginary line connecting from a reference point “1” of any given lot plan.

a.Boundary line b.Azimuth

c.Cardinal direction d.Tie line

135. The area of triangular plot is computed by the formula:

a.Length x width b.1/2 length x width

c.2 x length x width d.Length x width x height

136. Under PD 957, this shall mean any person who, for commission or other compensation, undertakes to sell or negotiate the sale of

a real estate belonging to another.

a.Salesman. b.Dealer

c. Agent d. Broker

137. Refers to the person who develops or improves the subdivision project or condominium project for and in behalf of the owner.

a.Salesman. b.Dealer

c. Agent d. Developer

138. This refers to the registered owner of the land subject of a subdivision or a condominium project.

a.Developer b.Broker

c. Owner d. Agent

139. All contracts to sell, deeds of sale and other similar instruments relative to the sale or conveyance of the subdivision lots and

condominium units shall be registered by the seller in the Office of the _____________ where the property is situated.

a. National Housing Authority b. Housing and Land Use Regulatory Board

c. Registry of Deeds d. Home Development Mutual Fund

140.Refers to the entire parcel of real property divided or to be divided primarily for residential purposes into condominium units,

including all structures thereon.

a.Condominium Unit b. Condominium Project

c. Subdivision Project d. Subdivision Lot



141.The following are types of property descriptions ordinarily used in deeds, contracts, offers to sell and leases, except:

a.Rectangular survey b.Monuments

c.Bearings and azimuth d. Metes and bounds

142.It refers to a grid of north and south (meridians), and east and west (parallel) lines surveyed by the government in identifying

Philippine boundaries:

a.Metes and bounds b.Rectangular survey

c.Cardinal directions d.Monuments

143. Are all original surveys of the public domain classified as alienable or disposable pursuant to the provisions of the public land laws:

a.Public land surveys b.Marshy land surveys

c.Private land surveys d.Isolated land surveys

144. The symbol of cadastral surveys by private enterprise is:

a. Cad b. Lpb

c.Psc d.Lps

145. ______________ shall comprise all surveys of extensive areas that take into account the curvature of the earth to determine the

geographic positions of reference points of cadastral projects and other expansive isolated surveys.

a.Geodetic survey b.Topographic survey

c.Conversion surveys d.Cadastral land survey

146. R.A 7279 is also known as

a. Condominium Act b. Land Reform Act

c. Urban Development and Housing Act of 1992 d. Clean Air Act

147. Section 21 of R.A. 7279 states the basic services for socialized housing and resettlement areas. The following are basic services

except

a. Construction of basic housing foundation

b. Power and electricity and an adequate power distribution system;

c. Sewerage facilities and an eff icient and adequate solid waste disposal system; and

d. Access to primary roads and transportation facilities.

148. This refers to non-agricultural lands urban and urbanized areas on which no improvements have been made by the owner, as

certified by the city, municipal or provincial assessor.

a.Idle Lands b.Improvements

c. Subdivision Lot d. Condominium

149. This refers to the program of the National Housing Authority of upgrading and improving blighted squatters areas within the cities

and municipalities of Metro Manila pursuant to existing statutes and pertinent executive issuances.

a.Land Use Plan b.On Site Development

c.Socialized Housing d.Zonal Improvement Program or ZIP

150. This refers to all cities regardless of their population density and to municipalities with a population density of at least five

hundred (500) persons per square kilometers.

a.Urban Areas b.Urbanizable Areas

c.Private Lands d.Unregistered Lands

151. The following are the points of references in land survey which are defined as political boundary monuments, except:

a. Provincial and City Boundary Monuments (PBM or CBM) b. Municipal Boundary Monuments (MBM)

c. Barangay Boundary Monuments (BBM) d. Bureau of Land Location Monuments (BLBM)

152.Another term used to indicate direction in surveying. It is a clockwise angle measured from south meridian.

a.Azimuth b.Bearing

c.Pacing d.Taping

153. A subdivision scheme where the resulting blocks are more or less rectangular in shape.

a. Contour lines b. Gridiron

c.Tie line d.Tie point



154. A lot adjoining a corner lot and fronting an intersecting street

a.Key lot b.Lot plan

c.Chaplan d.Cardinal directions

155.A survey symbol which mean Homestead Application:

a.H b.HA

c.Hyd-hydrographic / survey d.None of the above

156. Under RA 7279, to qualify for a socialized housing program, a beneficiary must comply with the following criteria except:

a. Must be a Filipino Citizen

b. Must be an underprivileged and a homeless citizen

c. Must not own any real property whether in urban or rural areas

d. Must be a professional squatter or a member of squatting syndicates.

157. This refers to the program of the National Housing Authority of upgrading and improving blighted squatter areas outside of Metro

Manila pursuant to existing statutes and pertinent executive issuances.

a. Slum Improvement and Resettlement Program or SIR b. Zonal Improvement Program or ZIP

c. Socialized Housing d. Urban Development

158. This refers to the acquisition of land at values based on existing use in advance of actual need to promote planned development

and socialized housing programs.

a. Land assembly or consolidation b. Land swapping

c. Land banking d. Land selling

159. This refers to individuals or groups who occupy lands without the express consent of the landowner and who have sufficient

income for legitimate housing.

a. Homeless Citizen b. Informal Settler

c. Professional Squatter d. Squatting Syndicates

160. This refers to the most reasonable price of land and shelter based on the needs and financial capability of Program beneficiaries

and appropriate financing schemes.

a.Affordable Cost b.Consultation

c. Improvements d. Land Banking

161. A survey made for the purpose of securing field data from which a map can be made representing the three-dimensional relations

of the earth’s surface. The feature shown include natural features such as streams, lakes, forests, configuration of the terrain, and

man-made features such as roads, buildings, structures, etc.

a.Hydrographic b.Topographic

c. Photogrammetry d. Relocation -

162. Used for approximate measure of distance.

a.Pacing b.Electronic distance measurement

c. Bearing d. Azimuth

163. Under RA 6732, administrative reconstitution of lost or destroyed original copies of certificates may be availed of when the lost or

destroyed certificates in the registry of deeds consist at least:

a.10% of all titles in the registry b.20% of all titles in the registry

c.30% of all titles in the registry d.50% of all titles in the registry

164.The following are the purposes of land registration, except:

a. To make it public records as to who is the owner of a particular land

b. To make them bind on the land itself

c. To prevent fraud

d. To make the instrument evidencing the transaction valid and binding against 3rdperson.

165. The law that governs the titling and other transfer of title and encumbrances and other incidents involving the transfer certificate

of title being referred as the TheProperty Registration Decree is :

a.Act 496 b.RA 8424

c.RA 1529 d.RA 7160



166. Refers to the process of upgrading and rehabilitation of blighted slum urban areas with a view of minimizing displacement of

dwellers in said areas, and with provisions for basic services.

a. On site-development b. Socialized Housing

c.Balanced Housing Development d.Urban Development Project

167. This shall include the rehabilitation and development of blighted and slum areas and the resettlement of Program beneficiaries in

accordance with the provisions of RA 7279.

a. Balanced Housing Development. b. On site-development

c. Urban Renewal and Resettlement d. Action Against Professional Squatters and Squatting Syndicates

168. The commission rate for sale of real estate is determined by:

a. Discretion of the seller b. Standard rate approved by PRC/BTRCP

c. Agreement between broker and Seller d. Fixed scale approved by RESCOP

169._________________ goods cannot be the subject matter of a contract of lease, except when they are merely to be exhibited or when

they are accessory to an industrial establishment.

a. Tangible b. Consumable

c. Transferrable d. Non-consumable

170. This refer to any person directly engaged as principal in the business of buying, selling or exchanging real estate whether on a full-

time or part-time basis.

a. Broker b. Dealer

c. Developer d. Owner

171. When the owner’s duplicate copy of title is lost, the registered owner shall file petition in court for:

a. Quieting of title b. Judicial reconstruction of title

c. Administrative reconstitution of title d. Re-issuance of owner’s duplicate of title

172. A kind of registration which takes place when the title to land is made of public record for the first time in the name of its lawful

owner:

a. Original registration b. Administrative proceedings

c. Registration of deeds d. Transcription

173.An annotation on a title which serves a notice that the property is being held in reserve for whatever judgment may be rendered

against the owner

a. Adverse claim b. Writ of preliminary attachment

c. Lis pendens d. Land banking

174.It is re-establishing a Transfer Certificate of Title without the necessity of court proceedings (RA 6732)

a. Judicial Reconstitution b. Administrative reconstitution

c. Mass reconstitution d. None of the above

175. Requirements for administrative reconstitution are, except:

a. An application / petition

b. Owner’s duplicate copy or photocopy or whichever document that will evidence ownership

c. Real estate tax receipts, representing full payment of at least two (2) years prior to filing and certified true copy of tax

declaration

d. Publication official gazette

176. ___________ is the right which the vendor reserves to himself, to reacquire the property sold provided he returns to the vendee the

price of the sale, the expenses of the contract, any other legitimate payments made and the necessary and useful expenses made on

the thing sold and other stipulations which may have been agreed upon.

a.Rebate b. Right of repurchase

c.Conventional redemption d.Rescission of Contract

177. Where the thing is entirely lost at the time of perfection of sale, the contract is _________ and void because there is no object.

a. Inexistent b. Rescissible

c. Conditional d. Intangible



178. It is contract where one party (seller) obligates himself to transfer the ownership of and to deliver a determinate thing, while the

other party (buyer) obligates himself to pay for said thing a price certain in money or its equivalent.

a.Lease b.Sales

c. Mortgage d. Loan

179.One who sells and transfers the thing and ownership to the buyer.

a. Lessor b. Lessee

c. Seller d. Creditor

180. The type of delivery that does not confer physical possession of the thing, but by construction of law, is equivalent to acts of real

delivery.

a. Real Delivery b. Symbolic Delivery

c.Actual Delivery d.Constructive Delivery

181. When a property was sold to two (2) or more buyers, the property goes to the buyer in good faith and _____________________.

a. In actual possession of the property b. Who first registered with the Register of Deeds

c. In good faith and first plant or build house in the property. d. None of the above

182.A notice of adverse claim annotated on a title is valid only for

a.Sixty (60) days b.. Thirty (30) days

c.Forty five (45) days d. Ninety (90) days

183.An application for land registration under the Torrens system desired to be amended for the sole purpose of excluding a portion of

land covered in the original application requires a _________.

a.New publication b.Notarization of the application

c.New registration d.Subdivision plan

184.A condensed history of the title, showing the various links in the chain of title, including liens, encumbrances and other conditions

affecting the title.

a.Writ of execution b.Notice of lispendens

c.Abstract of Title d.Deed of Restrictions

185. A method registration of land titles that is the entering in the registration book by the Register of Deeds of the Original Certificate

of title duly numbered, dated, signed and sealed, issued pursuant to a decree of registration, patent, award or grant.

a.Transcription b.Inscription

c.Publicity d. Priority

186. RA 6652 is also known as

a.Realty Installment Buyer Act b.Condominium Act

c.Land Reform Act d.Urban Development and Housing Act of 1992

187. The aim of this law is to protect buyers of real estate on installment payments against onerous and oppressive conditions.

a.Recto Law b.MacedaLaw

c.Condominium Law d.Subdivision Law

188. Under RA 6652, in case the installments paid were less than 2 years, the seller shall give the buyer a grace period of not less than

_____ days.

a.40 days b.50 days

c.60 days d.70 days

189. MacedaLaw applies to sales of real property while Recto Law applies to _______________.

a.Real Estate Property b.Non-transferrable Property

c.Personal Property d.None of the above

190. The sale is _________ where the sale is not subject to any condition whatsoever and where the title passes to the buyer upon

delivery of the thing sold.

a.Conditional b.absolute

c.Partial d.perfected

191. When is a contract of sale deemed perfected?

a. When there is a contract. b. When there is meeting of the minds.

c. When signatures for binding parties had been affixed. d. When there is an agreement between two parties.



192. The recording on the certificate of the title of a memorandum or an abstract of the instrument sought to be registered.

a.Transcription b.Inscription

c.Publication d.Registration

193. Means pending litigation.

a.Lis pendens b.Writ of preliminary attachment

c.Writ of execution d.Adverse claims

194. If the TCT has an annotation that says “subject to Rule 74, Section 4 of the Rules of Court”, it means that the property is an

inherited property and any heir unduly deprived of his lawful participation in the estate has ________c.________ to assert his rights over

the said property.

a. 10 years c. 5 years

b. 3 years d. 2 years

195. A holder of a relevant bachelor’s degree from a state university or college, or other educational institution duly recognized by the

CHED maybe qualified for real estate board examination provided that he has completed at least:

a. 120 credit units of real estate subjects and training

b. 60 credit units of real estate training

c. 60 credit units of field real estate training

d. 12 units of real estate seminar

196. The owner of the house and lot, Mr. Marusagreed to lease to Ms. Connie his H & L for two (2) years who paid the deposit and the

initial month’s rent, but did not write down the agreement on the lease. The lease is therefore:

a. Voidable c. Unenforceable

b. Valid d. Inexistent

197. Refers to the sale wherein the seller has the right to repurchase the subject property being sold.

a.Pactode retro sale b.Escrow

c.Redemption d. Sale with mortgage

198. It refers to property alienation or sale to the creditor to satisfy debt in money or in payment of the loan. It is the conveyance of

real property in payment of a financial obligation.

a.DacionenPago b.Redemption

c.Pactode retro sale d. Escrow

199. It refers to the automatic appropriation of the property mortgage upon the maturity of the loan. It also refers to the stipulation of

a mortgage contract which authorizes the mortgagee to appropriate automatically the mortgages property as his own upon failure of

the debtor to pay the principal obligation.

a.Pactumcommissorium b.Pactanon alienado

c.Pactode retro d.Dacionenpago

200. Litamarried Litoin 1999. On 2009, Litasurviving parent died and she inherited two (2) hectare lot in Makati. After the settlement of

the estate, Litasold the property without the consent of Litoand over the objection of Art. Is the sale valid?

a. Yes, because the property is paraphernal or exclusive property of the wife.

b. No, because the property turned to be conjugal after the marriage.

c. No, because Art’s signature is needed in the document

d. Yes, because the sale was already consummated.



PART 3: PROFESSIONAL PRACTICE

INVESTMENT ANALYSIS TOOLS

Payback Period (PP)

Return on Investment (ROI)

Net Present Value (NPV)

Net Operating Income (NOI)

271.The subject property is a 10,000sqm office building encumbered by a full-service lease with a contract base rent of P1.25 per sq.m.

monthly. Stabilized vacancy/credit loss allowance for similar properties within the market area is 7% of PGI. The operating expense

ratio for similar properties is 30% of EGI, plus reserves for replacement of P0.15 per sqm. Based on these facts, what is the projected

net operating income?

a.97,650 c.P93,000

b. P96,150 d. P94,500

GIVEN:

FloorArea:10,000sqm Rent:P1.25/sq.m.

Vacancy = PotentialGrossIncome - 7%

OPEX ratio -30% of Effective Gross Income

WHAT IS ASKED:

SOLUTION:

Potential Gross Income (PGI) P12,500.00 (10,000sq.m.xP1.25/sq.m.)

Less Vacancies/CreditLoss 875.00 (P12,500x7%)

Effective Gross Income(EGI) P11,625.00 (P12,500-P875)

Less Operating Expenses P3,487.50 (P11,625x30%)

Net Operating Income(NOI) P8,137.50 (P11,625-P3,487.50)

Annual NOI P97,650.00 (P8,137.50x12months)



REAL ESTATE TAXATION

316. Mr. Nonato, a licensed real estate broker obtained this net listing; a residential lot with an area of 400 sq.m. For sale at

P12,000/sq.m. He therefore has to sell the property at a price that would be inclusive of the capital gains tax, documentary stamp tax

and the broker’s commission of 3%. Compute the net listing.

a. P4,800,000.00 b. P5,303,868.00

c. P5,500,000.00 d. P5,256,000.00

LAND AREA = length x widthSELLING PRICE = area x price/sqm

SALE TRANSACTION COSTS

Brokers Commission –5%

CGT –6%DST –P1.5%, TT –0.5% -0.75%

Notarial –2% Tax –10%VAT –12%

COST OF SALES = BC 5% + CGT 6% = 11%

GROSS SELLING PRICE

= Owners Net Price/ 100%-Costs

= Owners Net Price/89%

GIVEN:

Land Area: 400 sqm

Selling Price: P12,000/sq.m. Brokers Commission: 3%

WHAT IS ASKED: Compute Net Listing Price

SOLUTION:

Step 1: Determine Net Listing Price

400 sq.m. X P12,000 per sq.m = P4,800,000

361. A 50’ x 75’ retail space is leased for P3,000 per month. What is the annual rate per square foot?

a. P17.63 c. P9.60

b. P 11.00 d. P 73.63

GIVEN:

Dimension = 50 x 75

Monthly rent = P3,000

WHAT IS ASKED: What is the annual rate per square foot?

SOLUTION:

Step 1: Determine floor area = 50 x 75 = 3,750 square foot

Step 2: Determine annual rent = P3,000 x 12 months =P36,000/year

Step 3: Solve rate per square foot by dividing Annual Rent by Floor Area = 36,000/3,750 = P9.60

318. Based on the question above, compute the gross selling price.

a. P5,363,128.00 b. P4,800,000.00

c. P6,500,000.00 d. P5,256,000.00

Step 2: Determine all costs to add on price

= CGT6% + DST 1.5% + BC3% = 10.5%

Step 3: Determine Gross Selling Price by dividing 100% less all costs percentage

= P4,800,000.00 / 89.5% (note: 100% -9.5%)

= P5,363,128.48



319. A property with P100,000.00 in commission was sold on a cooperative basis. The brokers agreed to split the commission on a

60/40 sharing in favor of the listing broker. The listing broker incurred expenses of P12,000.00 and the selling broker incurred expenses

of P8,000.00. How much net commission will each broker receive?

a. Listing broker -P48,000.00; Selling Broker -P32,000.00

b. Listing broker -P60,000.00; Selling Broker -P40,000.00

c. Listing broker -P40,000.00; Selling broker -P60,000.00

d. None of the above choices

GIVEN:Gross Commission - P100,000

Expenses: P12,000

SOLUTION:

Step 1: Determine Net Commission

= P100,000 - P12,000 - P8,000 = P80,000

Step 2: Solve for listing broker commission

= P80,000 x 60% = P48,000

Step 3. Solve for selling broker commission

= P80,000 x 40% = P32,000

323. Mr. Dom Capistrano wanted to buy a new residence and so he sold his personal residence in Quezon City at P4,000,000.00. The

BIR zonal valuation is P4,000,000.00. While looking for the new residence, he escrowed to an authorized agent bank of BIR the 6%capital gains tax. How much is the escrowed CGT?

a. P240,000.00 b. P300,000.00

c. P375,000.00 d. P75,000.00

Step 1: Get the 3 values

- Selling Price

– FMV

- Zonal Valuation

Step 2: Determine Tax Base = (highest of the 3 values)

Step 3: Determine tax by multiply rate with tax base

GIVEN:

Selling Price - P4,000,000.00

Zonal Valuation - P4,000,000.00

SOLUTION:

Step 1: Determine the Tax Base = P4,000,000

Step 2: Solve for CGT = 6% x P4,000,000 = P240,000



324. Based question above Mr. Dom was able to buy a new residence after 15 days in the amount of P3,000,000.00? How much is the

capital gains tax on the unutilized portion of the selling price of his old residence?

a. P60,000.00 b. P180,000.00

c. P240,000.00 d. None

SOLUTION:

Step 1: Determine the Unutilized Portion -P4,000,000 - P3,000,000 = P1,000,000

Step 2: Solve for CGT = 6% x P1,000,000 = P60,000

374. Louie, a licensed real estate broker has a listing where the seller agreed to shoulder capital gains tax, and broker’s 5% commission.

At how much should the broker sell the property in order that the seller will realize a net proceeds of P4,895,000.00?

a. P5,895,000.00 b. P5,139,750.00

c. P5,500,000.00 d. P6,500,000.00

SOLUTION:

Step 1: Determine total costs to add to price = CGT 6% + BC 5% = 11%

Step 2: Divide net proceeds by total percentage cost = P4,895,000 / 89% = P5,500,000

Alternative Computations with DST

Step 1: CGT6%+DST 1.5%+ BC5% = 12.5%

Step 2:P4,895,000 / 87.5% = P5,500,000 = P5,594,285.71

333. How much will be the quarterly tax payment for a residential parcel of land valued at P1,800,000.00 if the tax rate is 2%?

a. P7, 200.00 b. P1, 800.00

c. P3, 600.00 d. P4, 500.00

LOCAL TAXATION

Step 1: Get the FMV of land & building

Step 2: Find the classification, assessment level and tax rate

Step 3: Determine tax by multiply rate with tax base

Land Assessment Levels

Residential = 20%

Timberland = 20%

Agricultural = 40%

Commercial = 50%

Industrial = 50%

Mineral = 50%

Building and other structures assessment levels



GIVEN:

Value -P1,800,000.00

Tax rate - 2%

SOLUTION:

Step 1: Get the Assessed Value = value x assessment level = P1,800,000 x 20% = P360,000

Step 2: Get the tax due = assessed value x tax rate = P360,000 x 2% = P7,200

Step 3: Get the quarterly tax payment = P7,200/4 = P1,800

374. Mr. Juan de la Cruz bought a parcel of land, paying monthly amortization of P108,200.00. The amortization factor for 5 years at21% interest is 0.02705. He paid a down-payment of 30% of the contract price, compute for contract price.

a. P 5,700,000 b. P 5,750,000

c. P 5,714,285.71 d. P 5,702,288.88

GIVEN:

Monthly Amortization of P108,200.00

Amortization Factor - 5 years at 21% interest is 0.02705.

Downpayment - 30%

SOLUTION:

Step 1- Get the loan amount

Loan Amount = Amortization/ Amortization Factor

P108,200/0.02705 = P4,000,000

Step 2 - Compute Contract Price

Contract Price = Loan Amount/ 70%

= 4,000,000/70% = P5,714,285

377. Javier bought a 200 sq.m. Subdivision lot at P3,000/sq.m. He paid 25% down payment and the balance payable in 120 equal

amortizations at 21% interest per annum. He has paid 84 monthly amortizations totaling to P737,612.60 inclusive of penalty interest of

P32,000.00 Compute for his cash surrender value under the Maceda Law.

a. P413,367.32 b. P368,806.30

c. P737,612.50 d. P513,367.32

Downpayment (200 sq.m. X P3,000/sqm. X 25%) = P 150,000.00

Add: Monthly amortizations = P 737,612.60

Total = P 887,612.60

Less:

Penalty interest = P 32,000.00

Basis of refund of 60% = P 855,612.60

Cash surrender value is (855,612.60 x 60%) = P 513,367.32

How did you get the 60%

- 84 periods/ 12months = 7years

- Maceda Law states 5years is 50% + 5% for every year, hence: 50% + 5% +5% = 60%

378. The monthly net income on an investment of P315,000,000 if the rate of return is 12 1⁄2 percent, is _____. (Round your answer to

the nearest peso)

a. 2,520,000 b. 39,375

c. 3,937 d. 3,281

GIVEN:

Investment - P315,000,000

Rate of Return - 12.50%

SOLUTION:

Step 1: Get annual Net Income

P 315,000,000 x 12.5% = P39,375,000

Step 2: Solve for monthly net income

P 39,375,000/12 = P3,281.250



398. In a sale of condominium unit the following information were gathered:

Value per Deed of Sale: P3,000,000.00

Zonal value of the condominium unit: P22,500.00 / sq.m.

Market value of condominium unit: P1,500,000.00

Assessor value of land where the condominium unit was built: P2,500/sq.m.

Zonal value of land where condo project was built: P5,000/sqm.

Floor area of the condominium unit sold: 150 sq.m.

Compute for the capital gains tax on the above transaction.

a. P202,500.00 c. P202,005.00

b. P253,125.00 d. P503,125.00

SOLUTION:

Step 1: Determine Tax Base

Selling Price P3,000,000

Zonal Value P3,375,000 (150sqm x P22,500)

Market Value P1,500,000

Step2: Compute capital Gains tax

P3,375,000 x 6% = P202,500

final coaching q and a

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