ELEC 2A PRE-TEST

A duly registered and licensed natural person who works in a local government unit and performs appraisal and assessment of real properties, including plants, equipment, machineries, essentially for taxation purposes.

• Realtor

• Real Estate Appraiser

• Valuer

• Real Estate Assessor

CPE units to earn to register without examination to those who passed 2006 and prior years given by DTI

• 24 units

• 120 units

• 18 units

• 12 units

Under PD 27, the tenant farmer, whether in land classified as landed estate or not, shall be deemed owner of a portion constituting a family-size farm of

• Five (5) hectares if not irrigated and three (3) hectares if irrigated

• Three (3) hectares if not irrigated and three (3) hectares if irrigated

• Five (5) hectares if not irrigated and five (5) hectares if irrigated

• Seven (7) hectares, regardless of irrigation

An Act authorizing the Ministry of Human Settlements to establish and promulgate different levels of standards and technical requirements for economic and socialized housing

• BP 2

• BP 220

• PD 957

• RA 6552

It is a fundamental document that establishes the existence of and further governs the use and maintenance of a condominium project.

• Master deed

• By-laws

• Articles of incorporation

• Declaration of Restrictions

After agreeing on the final price, the buyer gave earnest money to the seller. The earnest money shall be considered

• Part of the Purchase Price

• Not part of the Purchase Price

• Reservation fee

• Downpayment

It is that price at which the willing seller will sell and the willing Buyer will buy, neither of the

parties under abnormal pressure.

• Sound Value

• Exchange Value

• Appraisal Value

• Fair Market Value

Professional fee of the broker is payable in full upon:

• Consummation of the contract of sale

• Perfection of the contract to sell

• Expiration of the contract to sell

• Rescission of the contract of sale

A duly accredited natural persons who performs service for and in behalf of a real estate broker

• Real Estate Consultant

• Real Estate Appraiser

• Real Estate Assessor

• Real Estate Salesperson

DHSUD stands for

• Department of Housing and Shelter Use Development

• Department of Human Settlement and Urban Development

• Department of Home Settlement and Urban Development

• None of the above