REVIEW QUESTIONS: FUNDAMENTALS OF REAL ESTATE BROKERAGE

Encircle the letter of the correct answer.

1) The party involved invests his own money and / or avails of financing in the acquisition,
development or improvement of real estate for subsequent sale, lease or other income-
generating activity. The person involved in this business is known as the
a. REAL ESTATE CONSULTANT b. REAL ESTATE DEALER c. REAL ESTATE BROKER

2) It is defined as the land and / or building or other improvements permanently attached to land
including the rights and interests thereon.
a. SITE DEVELOPMENT b. BROKERAGE c. REAL ESTATE d. REALTY

3) He is any person, natural or juridical, who is an agent of another person and for and in
expectation of a fee, (commission) or other valuable consideration shall perform any of the
following acts: offers, solicits, promotes, negotiates, advertizes, etc.
a. RE CONSULTANT b. RE SALESPERSON c. RE BROKER d. RE APPRAISER

4) The exercise of a calling or a profession, which involves the delivery of a professional service for
or in behalf of a seller, buyer, lessor, in the acquisition, disposition, use and development of real
estate. Persons involved in the delivery of such professional service are called
a. MEDICAL DOCTORS b. RE SERVICE PRACTITIONERS c. RE DEALERS

5) is a natural person who performs for and in behalf of a real estate broker under whom he is
licensed, any of the functions of a real estate broker for and in expectation of a share in the
commission, professional fee, compensation or other valuable consideration
a. RE CONSULTANT b. RE SALESPERSON c. RE BROKER d. RE ASSESSOR

6) a natural juridical person who, for and in expectation of a fee, compensation or other valuable
consideration, offers or renders services in estimating or arriving at an opinion of or act as an
expert on real estate values
a. RE CONSULTANT b. RE DEVELOPER c. RE BROKER c. RE APPRAISER

7) A listing wherein the authority to negotiate is given to two or more brokers.
a. EXCLUSIVE b. NON-EXCLUSIVE c. ORAL d. WRITTEN

8) A Real Estate Broker secures his license from
a. DTI b. HLURB c. PRC d. POEA

9) An authority given by the seller to the broker to look for a buyer and negotiate the sale of the
property.
a. SALES AGENCY b. LEASE AGENCY c. PURCHASE AGENCY d. EXCHANGE AGENCY

10) The Developer must secure the License to Sell from
a. HDMF b. GSIS c. HIGC d. HLURB e. HUDCC




ENUMERATION:

1. Steps in Real Estate Brokerage
a.
b.
c.
d.
e.

2. Sources of Listing
a.
b.
c.
d.
e.


3. Types of Listing
a.
b.

4. A Real Estate Broker does the following functions:
a.
b.
c.
d.
e.
f.

5. Real Estate Practitioners are the following juridical persons:
a.
b.
c.
d.

6. Types of Listing as to Function
a.
b.
c.
d.

7. Types of Listing as to the Basis of Commission (Professional Fee)
a.
b.

8. Requisites to be entitled to a Professional Fee (Commission)
a.
b.
c.

9. Grounds for the Revocation of a Listing Contract
a.
b.
c.

10. Qualities of a Real Estate Service Practitioner
a.
b.
c.
d.
e.

11. Contents of a Listing Contract
a.
b.
c.
d.
e.
f.

12. Distinction between a Real Estate Broker and a Real Estate Developer
a. As to personality -
b. As to income -
c. As to License -
.