Real Estate Terminologies
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- 1.Amortization
- A.
The periodic payment which includes principal
- B.
The periodic payment which includes interest
- C.
The periodic payment which includes principal and interest
- D.
None of the above
- 2.
- A.
The final payment in an installment plan which is bigger than the previous installments and which liquidates part of the obligation
- B.
The final payment in an installment plan which is bigger than the previous installments and which liquidates the entire obligation
- C.
The final payment in a financing plan which is almost bigger than the previous installments and which liquidates the obligation
- D.
None of the above
- 3.Buyer's Equity
- A.
The difference between contract price and loanable amount
- B.
The difference between the fair market price and the loanable amount
- C.
The difference between the contact price and the down payment
- D.
The difference between the contract price and the selling price
- 4.Default
- A.
Failure to fulfill a duty and a promise in an instrument in writing that has been agreed upon
- B.
Failure to discharge an obligation and perform any act in an instrument that has been agreed upon
- C.
All of the above
- D.
None of the above
- 5.Buyer's Full Down Payment
- A.
Buyees equity plus miscellaneous expenses such as title transfer and mortgage registration
- B.
Buyer's equity plus miscellaneous expenses such as fire insurance and mortgage redemption
- C.
All of the above
- D.
None of the above
- 6.
- A.
Increase in value of real estate with all the efforts or expenses by the owner
- B.
Increase in value of real estate without any effort and expense by the owner
- C.
Increase in value and depreciation without any effort and expense by the owner
- D.
None of the above
- 7.Split of commission with the co-Broker
- A.
50-50 basis
- B.
40-60 basis
- C.
It depends
- D.
As agreed
- 8.
- A.
The authority given by the principal to the broker for the latter to negotiate the sale within a stipulated period and at stated price and terms
- B.
The demand letter given by the broker to the seller to negotiate for payment of commission
- C.
The authority to buy and sell properties
- D.
All of the above
- 9.A financing scheme under the unified home lending program to enable residents in depressedareas to acquire their lots is called
- A.
Lending mortgage for depressed areas program
- B.
Barangay housing assistance program
- C.
Community mortgage program
- D.
All of the above
- 10.Failure to fulfill a duty to an obligation or to perform any act in writing that has been agree upon
- A.
Deficiency
- B.
Default
- C.
Unearned increment
- D.
Multiplier effect
- 11.An appraisal principle which holds that the value of a property tends to be adversely affected by association with inferior properties
- A.
Principle of diminishing value
- B.
Principle of value subtractiory
- C.
Principle of regression/
- D.
Principle of less value
- 12.An appraisal principle which holds that the value of a property tends to be enhanced byassociation with, superior properties.
- A.
Principle of addition
- B.
Principle of progression
- C.
Principle of value added
- D.
Principle Of multiplier effect
- 13.Increase in value of real estate without any effort or expense by the owner
- A.
Add on increment
- B.
Unearned increment
- C.
Incidental increment
- D.
Unforeseen values
- 14.An improvement which is not suitable to the site on which it is placed because of deficient sizeor cost
- A.
Below value improvement
- B.
Unearned increment
- C.
Incidental increment
- D.
Under improvement
- E.
Under innovations
- 15.A condition where demand is more than supply
- A.
Property owners market
- B.
Sellers market
- C.
Sellers preference
- D.
Choice properties
- 16.Value in economic sense
- A.
Refers to the power to satisfy human wants
- B.
Refers to the right of determining attributes to satisfy human wants
- C.
Refers to the power or attributes to satisfy human wants
- D.
None of the above
- 17.
- A.
Refers to the present worth of future benefits arising from the ownership of a property
- B.
Refers to the present and future benefits from the ownership of a property
- C.
Refers to the future and past benefits from the ownership of a property
- D.
All of the above
- 18.
- A.
Displacement of present residents of various economic Status or of similar cultural background
- B.
Displacement of present and past residents of lower and middle economic status or of different cultural or social background
- C.
Displacement of present residents people of means or of different or social background
- D.
Displacement of present residents by people/of lower economic status or of different cultural or social background
- 19.Market study is
- A.
The study of current supply-and demand conditions in a given area of a specific property
- B.
The study of past and current demand conditions of a specific property
- C.
The study of current demand conditions in various areas of properties
- D.
The study of current supply and demand conditions of various properties in all areas
- 20.Sellers Market
- A.
Condition prevailing in an area as of a given time when there are few properties for sale against many buyers, in which case price will go down
- B.
A condition prevailing in an area as of a given time when there are a few properties for sale against many buyers , in which case price will go up
- C.
A conditions prevailing in area as of a given time where there are few properties against few buyers, in which case there is no effect on the price
- D.
Condition prevailing in area as of a given time where there a few properties against few buyers in which case there is a slight effect on the price
- 21.Real Estate
- A.
Refers to land sea air and useful improvements thereon
- B.
Refers to land and all improvements thereon
- C.
Refers to land and useful improvement thereon
- D.
Refers to land and selected improvement thereon
- 22.
- A.
Amount accompanying offer to purchase to show good faith or genuine desire of the buyer
- B.
Amount accompanying letter of intent to show good faith in the future.--
- C.
Amount of no specified value to show good faith in a given transactions
- D.
None of the above
- 23.
- A.
Is the reversion of a private and public property because there is no heir
- B.
Reversion of the private property to the city due to the interstate death of the owner who is survived with no legal heir
- C.
Reversion of the private property due to the interstate death of the owner with no heir
- D.
None of the above
- 24.
- A.
Payment of a fair and reasonable amount for a property taken from a private person by the government body
- B.
Payment of a fair and reasonable amount for a property taken from a private person by another private entity
- C.
Payment of a fair and reasonable amount for a property taken from a private person by another non government office
- D.
None of the above
- 25.Parapherna!
- A.
Refers to the property exclusively owned by a wife and husband
- B.
Refers to the property exclusively owned by a wife
- C.
Refers to the property exclusively owned by a husband
- D.
Refers to the property exclusively owned y the children
- 26.Real Estate Service Act
- A.
RA 9946
- B.
RA 4946
- C.
RA 9656
- D.
None of the above
- 27.The Philippine Regulatory Board of Real Estate Services
- A.
5 Commissioners
- B.
4 Commissioners
- C.
3 Commissioners
- D.
None of the above
- 28.Cul de Sac
- A.
A passage with an access in one or two ends
- B.
A passage with no end
- C.
A passage with an access in one end
- D.
A passage with two or more ends
- 29.
- A.
Process by getting the estimated commercial fair market value of a property by capitalizing its annual income
- B.
Process by getting the estimated commercial fair market value of a property by capitalizing its annual net income
- C.
Process by getting the agricultural, residential, industrial fair market value of a property by capitalizing the cost benefit of the income
- D.
None of the above
- 30.
- A.
The term refers to the zoning regulations which designates the distance of a building must be set back from another property line
- B.
The term refers to the regulation; which designates the distance-from a lot to the other property line
- C.
The term refers to the zoning regulations which designates the distance of a house must be set back from another house
- D.
None of the above
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