RESA LAW EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS

RESA LAW EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS The Real Estate service of the Phils governs the following service practitioners, except : - Answer-a. real estate salesperson c. real estate assesoor e. real estate dealer b. real estate broker d. real estate appraisers 2. Under the RESA, there must be one broker for every : - Answer-a. Five (5) real estate sale persons b. Ten (10) accredited real estate sales persons c. Twenty (20) real estate salespersons d. Fifty (50) real estate salespersons e. Twenty (20) accredited real estate salespersons 3. There is created a professional regulatory board of real estate service, hereinafter referred to as the Board under the supervision and administrative control of the; - Answer-a. HLURB c. PRBRES b. PRC d. HUDCC 4. Any violation of RA 9646 of the IRRR committed by a licensed real estate appraiser, shall be meted the penalty of a fine of not lower than. - Answer-a. 50,000 c. double the amount of 100K b. 100,000 d. double the amount of 200K e. 20,000 5. The real estate service practitioner shall be required to indicate on the documents he/she signs, uses or issues connections with the practice of his or her professional the following , except : - Answer-a. The certification of Registration b. Professional identification card c. Community of tax cert d. Privilege tax receipt number c. IPO receipt number EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISH SEPTEMBER 2024 Page 2/5 6. In the licensure examination for the applicants for the real estate brokers a subject for examination common to all real estate service practice is, - Answer-a. Fundamental of property ownership b. Legal requirements for Real estate service practice c. Subdivision development d. Real estate finance and economics e. Basic principle of ecology 7. Upon application and payment of the required fees for the approval of the commission the board may issue a special /temporary permit to a real estate service practitioner from the foreign countries, whose services are urgently needed in the absence or an unavailability of local real estate service practitioners provided that - Answer-become a dual citizen b. He has 10 yrs. resident in the country c. There is foreign reciprocity between his country and the Philippines d. He is resident of the Philippines e. He has taken the examination for licensing 8. The real estate broker shall in a addition to the oath refer to the preceding section be required to post a professional indemnity insurance or cash or surety bond in an amount to be determined by the board which in no case shall less than - Answer-a. 5,000 d. 1,000 b. 10,0000 e. 100,000 c. 20,000.00 9. Under BP 185, a former natural born Filipino may acquire a residential land in the Philippines, even if already a foreign citizen provided that it should not exceed the following area in case of urban land. - Answer-a. 100 sm. d. 3,000sqm b. 500 s.m. e. 5,000sqm c. 1,000 sm. 10. The foreign investment act of 1991, allows the former and natural born Filipino to acquire land for business purpose in rural area not to exceed an area of - Answer-a. 1000 sm. d. 1 hectare b. 3000sm. e. 3 hectares c. 5000 sm. 11. The following are lands of public domain except - Answer-a. Forest d. Agricultural b. Natural parks e. Mineral c. Commercial EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISH SEPTEMBER 2024 Page 3/5 12. Which of the following lands from the public domain will be alienated or dispose of by the government. - Answer-a. Forest d. Agricultural b. Natural parks e. Mineral c. Timberland 13. For a person to acquire title to land on the basis of prescription there must be open, continuous, adverse and uninterrupted possession of the person in good faith , for a period of at least - Answer- a. At least 1 yr d. 20yrs b. 5 yrs e. 30yrs c. Ten years 14. The property relation of married couples, are provided under the family code which became effective of - Answer-a. August 1, 1988 d. August 8, 1988 b. August 1, 1998 e. August 3 1998 c. August 3, 1988 15. The property relation of a couple who will get married on 15. Dec. 1, 2009 may be agreed upon by the spouses before marriage and is also referred to under the family code as - Answer-a. Absolute community of property d. Marriage Settlement b. Conjugal partnership of gains e. Marriage Contact c. Separation of property 16. A couple that married on august 3, 1996 without any marriage settlement or prenuptial agreement in such case their property relations shall govern by - Answer-a. Absolute community of property d. Marriage Settlement b. Conjugal Partnership of Gains e. Marriage Contract c. Co- ownership 17. The Husband and Wife got married last June 1, 1980 without any pre nuptial agreement and using the salary of the husband thereafter bought a house and lot; the house and lot s