Property Management quiz#2

The priority right of a tenant to buy the land located in an urban land reform area is

known as

• Tenant’s possessory right

• Tenant’s incremental right

• Tenant’s right of first refusal

• None of the above

In real estate brokerage, the owner is the principal while the real estate broker

is referred to as

• Principal

• Fiduciary Agent

The sharing of the professional fee between brokers should be:

• as agreed with the buyer

• equal sharing

• as agreed with the owner

• as agreed between the brokers

It is defined as the land and / or building or other improvements permanently

attached to land including the rights and interests thereon.

• Real Estate

• Property Inheritance

• Collateral

• Real Property Ownership

ZBD Realty Corporation is selling its property at San Pedro Street, Davao

City. Mr. Bean, the Property Manager was tasked to represent the company in the

transaction. He needs the following to protect his authority:

• Notarized listing authority

• Board Resolution from the company affirming his authority as

  representative

• Articles of Incorporation & By-Laws

• His 201 file from HRD

A tenant is entitled to the following, EXCEPT:

• Security of tenure

• Homelot

• Retention

• Right of Redemption

AN ACT TO ORDAIN AND INSTITUTE A NATIONAL BUILDING CODE OF THE PHILIPPINES

• RA6541

• PD957

• RA7279

• RA6501

Right of the original owner to reclaim property sold through judicial

foreclosure proceedings by payment of debt, interests, and cost.

• Right of Redemption

• Equity of redemption

• Equity

• foreclosure

The rights of of a homeowner is governed by the law of

• Magna Carta for Subdivision Owners

• Magna Carta for Homeowners and Homeowner’s Association

• Magna Carta for Subdivision

• Magna Carta for Homeowners

AN ACT PROVIDING FOR A MAGNA CARTA FOR HOMEOWNERS AND HOMEOWNERS’ ASSOCIATIONS, AND FOR OTHER PURPOSES

• RA 9904

• RA6541

• PD1096

• RA9275