Prepare for your RESA Law (R.A. 9646) Exam with confidence using this comprehensive set of 120 practice multiple-choice questions! This meticulously crafted resource covers all the essential aspects of the Real Estate Service Act, including the roles and responsibilities of real estate service prac...
R.A. 9646 is also known as the: a) Real Estate Service Act of the Philippines b) Housing and
Land Use Regulatory Board Act c) Comprehensive Agrarian Reform Law d) National Building
Code of the Philippines
The primary purpose of R.A. 9646 is to: a) Promote the development of the real estate industry
b) Protect the rights of real estate buyers and sellers c) Regulate the practice of real estate service
in the Philippines d) All of the above
Which of the following is NOT a real estate service practitioner under R.A. 9646? a) Real estate
broker b) Real estate appraiser c) Real estate consultant d) Real estate developer
The Professional Regulatory Board of Real Estate Service (PRBRES) is composed of: a) A
chairman and two members b) A chairman and three members c) A chairman and four
members d) A chairman and five members
The term of office of the members of the PRBRES is: a) Three years b) Four years c) Five
years d) Six years
Which of the following is NOT a qualification for a real estate broker? a) Filipino citizen b)
Holder of a bachelor's degree c) At least 25 years old d) Completion of 120 hours of continuing
professional development
The minimum capitalization requirement for a sole proprietorship real estate service
practitioner is: a) Php 50,000 b) Php 100,000 c) Php 200,000 d) No minimum capitalization
required
Which of the following is NOT a ground for suspension or revocation of a real estate service
practitioner's license? a) Conviction of a crime involving moral turpitude b) Gross negligence or
incompetence c) Failure to attend a real estate seminar d) Unprofessional conduct
The Real Estate Service Act (RESA) law is known as: a) Republic Act No. 9168 b) Republic
Act No. 9646 c) Republic Act No. 8799 d) Republic Act No. 7160
The government body tasked to enforce the RESA law is: a) Housing and Urban Development
Coordinating Council (HUDCC) b) Securities and Exchange Commission (SEC) c) Professional
Regulation Commission (PRC) d) Department of Trade and Industry (DTI)
A person who acts as an intermediary in real estate transactions, bringing together buyers and
sellers or lessors and lessees, is called a: a) Real estate broker b) Real estate appraiser c) Real
estate consultant d) Real estate salesperson
Which of the following is NOT a core principle of the RESA Code of Ethics? a) Integrity b)
Competence c) Fairness d) Profit maximization
, The act of mixing a client's funds with the broker's personal or business funds is known as: a)
Commingling b) Conversion c) Misrepresentation d) Undue influence
A real estate broker is required to maintain a separate bank account for client's funds, known as
a: a) Trust account b) Escrow account c) Savings account d) Checking account
Which of the following is an essential element of a valid real estate contract? a) Offer and
acceptance b) Consideration c) Legal capacity of the parties d) All of the above
The type of contract where the seller retains ownership until the buyer has fully paid the
purchase price is called a: a) Contract to Sell b) Contract of Sale c) Lease Agreement d)
Mortgage Agreement
Which of the following is a government-imposed charge on real estate to raise revenue for
public services? a) Real property tax b) Capital gains tax c) Value-added tax d) Documentary
stamp tax
The government agency responsible for assessing and collecting real property taxes is the: a)
Bureau of Internal Revenue (BIR) b) Local government unit (LGU) c) Land Registration
Authority (LRA) d) Registry of Deeds
Which of the following is NOT a right included in the bundle of rights associated with real
estate ownership? a) Right of possession b) Right of control c) Right of eminent domain d)
Right of disposition
A legal claim or charge on a property that secures the payment of a debt or the performance of
an obligation is called a: a) Easement b) Lien c) Encumbrance d) Restriction
The process of transferring ownership of a registered land from one person to another is known
as: a) Conveyance b) Registration c) Deed of sale d) Title transfer
Which government agency is responsible for issuing Certificates of Title for registered lands?
a) Bureau of Internal Revenue (BIR) b) Land Registration Authority (LRA) c) Registry of
Deeds d) Department of Environment and Natural Resources (DENR)
Under R.A. 9646, a real estate salesperson must be: a) At least 21 years old b) A Filipino
citizen c) A holder of a high school diploma d) All of the above
The maximum commission that a real estate broker can charge for the sale of a residential
property is: a) 3% of the selling price b) 5% of the selling price c) 7% of the selling price d)
There is no fixed maximum commission rate
Which of the following is an example of a real estate development project? a) Construction of a
single-family dwelling b) Renovation of an existing commercial building c) Development of a
subdivision d) Sale of a vacant lot
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