Name ___________________________ Section __________________ Group No.

_______
(Exam No. 1 with Appraisal, Surveying Brokerage and ethics) remove this when Printing
1. Real Estate Service Act of the Philippines is the title of R.A. ____________
2. The State recognizes the vital role of _____________________ in the social political, economic development and
progress of the country by promoting the real estate market, stimulating economic activity and enhancing government
income from real property-based transactions.
3. ____________________________ means the development of land for residential, commercial, industrial, agricultural,
institutional or recreational purposes, or any combination of such including, but not limited to, tourist resorts, reclamation
projects, building or housing projects, whether for individual or condominium ownership, memorial parks and others of
similar nature.
4. __________________ also known as valuer, refers to a person who conducts valuation/appraisal; specifically, one who
possesses the necessary qualifications, license, ability and experience to execute or direct the valuation/appraisal of real
property.
5. ________________ refers to the land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground.
6. The State shall develop and nurture through proper and effective regulation and supervision a corps of technically
competent, responsible and respected professional real estate service practitioners whose standards of practice and service
shall be _______________ and will promote the growth of the real estate industry.
7. _________________________ refers to any natural or juridical person engaged in the business of developing real
estate development project for his/her or its own account and offering them for sale or lease.
8. ______________ includes all the rights, interests and benefits related to the ownership of real estate.
9. ___________________ refers to an official in the local government unit, who performs appraisal and assessment of
real properties, including plants, equipment, and machineries, essentially for taxation purposes.
10. ______________________ is a duly registered and licensed natural person who, for a professional fee, compensation
or other valuable consideration, performs or renders, or offers to perform services in estimating and arriving at an opinion
of or acts as an expert on real estate values, such services of which shall be finally rendered by the preparation of the
report in acceptable written form.
11. __________________ is a duly registered and licensed natural person who, for a professional fee, commission or
other valuable consideration, acts as an agent of a party in a real estate transaction to offer, advertise, solicit, list, promote,
mediate, negotiate or effect the meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture, or
other similar transactions on real estate or any interest therein.
12. _____________________________ is the national integrated organization of natural persons duly licensed and
registered as Real Estate Service Practitioners.
13. In RA 9646, Board refer to ______________________________________________.
14. The Professional Regulatory Board of Real Estate Service is composed of a __________ and ________ members
15. ______________________ shall refer to and consist of Real estate consultant, Real estate appraiser, Real estate
assessor, Real estate broker and Real estate salesperson.
16. _________________ is 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, and machineries, essentially for
taxation purposes.
17. ______________________________________ is the professional organization accredited by the Commission only to
operate and perform activities or acts prior to and until the recognition or birth of the AIPO as define in (h) above.
18. In RESA, Commission refers to the ___________________.
19. Two (2) of the members of the Board shall represent the government ____________ and ___________.
20. The Board shall Issue, suspend, ________ or reinstate, after due notice and hearing, certificates of registration or
professional identification cards for the practice of real estate service;
21. The Board shall adopt a national ________________________ to be strictly observed by all licensed real estate
service practitioners;
22. The Board is under the supervision and administrative control of __________________
23. ________________________ is a duly accredited natural person who performs service for, and in behalf of. a real
estate broker who is registered and licensed by the Professional Regulatory Board of Real Estate Service for or in
expectation of a share in the commission, professional fee, compensation or other valuable consideration.
24. ______________________ is a duly registered and licensed -natural person who, for a professional fee, compensation
or other valuable consideration, offers or renders professional advice and judgment on: (i) the acquisition, enhancement,
preservation, utilization or disposition of lands or improvements thereon; and (ii) the conception, planning, management
and development of real estate projects.
25. The Board shall Hear or investigate any violation of this Act, its implementing rules and regulations, and the Code of
Ethics and Responsibilities for real estate service practitioners and issue subpoena and _________________ to secure the
appearance of witnesses and the production of documents in connection therewith.
26. The Board is hereby vested the power to _____________________ the registration, licensure and practice of real
estate service in the Philippines;
27. The Board is hereby vested the power to ________, ________, and ________ permits to organizations of real estate
professionals in the conduct of seminars and accredit such seminars pursuant to the CPE program.
28. The chairperson and the members of the Board shall hold office for a term of _________ years from the date of their
appointment and until their successor/s shall have been appointed:
29. The Board may, after the expiration of ____________ from the date of revocation of a certificate of registration and/or
professional identification card, and upon application, compliance with the required CPE units, and for reasons deemed
proper and sufficient, reinstate any revoked certificate of registration and reissue a suspended professional identification
card and in so doing, may, in its discretion, exempt the applicant from taking another examination.
30. Examinations for the practice of real estate service in the Philippines shall be given by the Board at least
___________ in such places and dates as the Commission may designate.
31. The members of the first appointed Board shall hold office for the following terms: one (1) member as chairperson, to
serve for __________ years; two (2) members, to serve for two (2) years; and two (2) members, to serve for ____ year.
32. Any vacancy in the Board shall be filled for the _____________ portion of the term of the member who vacated the
position.
33. The Board is hereby vested the power to _________ and _________ the activities of the accredited and integrated
professional organization and other associations of real estate service practitioners; and
34. The Board is hereby vested the power to ______________ guidelines and criteria for the
________________________ program for real estate service practitioners in consultation with the accredited and
integrated professional organization of real estate service practitioners;
35. The Board shall __________________, in cooperation with the Commission on Higher Education (CHED) or the
concerned state university or college, the essential requirements as to the curricula and facilities of schools, colleges or
universities seeking permission to open academic courses or already offering such courses in real estate service, and to
see to it that these requirements, including the employment of qualified faculty members, are properly complied with;
36. The Board shall _______________________ legitimate and licensed real estate service practitioners and, in
coordination with the accredited and integrated professional organization of real estate service practitioners, monitor all
forms of __________________, announcements, signboards, billboards, pamphlets, brochures and others of similar
nature concerning real estate and, where necessary, exercise its quasi-judicial and administrative powers to finally and
completely eradicate the pernicious practices of ________________ individuals;
37. The chairperson and the members of the Board may be reappointed for a second term but in no case shall he/she serve
continuously for more than ____ years.
38. The professional identification card shall be renewed every _______ years and upon satisfying the requirements of the
Board such as, but not limited to, attendance in the CPE program.
39. All real estate brokers and private real estate appraisers shall, in addition to the oath referred to in the preceding
section, shall be required to post a professional indemnity insurance/cash or surety bond, renewable every three (3) years,
in an amount to be determined by the Board, which in no case shall be less than _______________ without prejudice to
the additional requirement of the client. It will be renewable every__________ .
40. The results of the licensure examination shall be released by the Board within _________ days from the last day of
the examination.
41. In order that a candidate may be deemed to have successfully passed the examination, he/she must have obtained an
average of at least _______________ in all subjects, with no rating below fifty percent (50%) in any subject.
42. On the constitution of the first Board, the chairperson and the members of the Board shall be ______________
registered and issued certificates of registration and professional identification cards. Each member of the Board shall
take the proper oath of office prior to the assumption of duty.
43. The result shall be published in a daily major newspaper of general circulation and __________.
44. Any violation of RA 9656, including violations of implementing rules and regulations, shall be meted the penalty of a
fine of not less than ____________ or imprisonment of ________________, or both such fine and imprisonment upon the
discretion of the court.
45. In case the violation is committed by an unlicensed real estate service practitioner, the penalty shall be _________ the
provided fine and imprisonment.
46. In case the violation is committed, by a partnership, corporation, association or any other juridical person, the
_______________________________ manager who has committed or consented to or knowingly tolerated such violation
shall be held directly liable and responsible for the acts as principal or as a co-principal with the other participants, if any.
47. The Board shall promulgate, administer and ___________ rules and regulations necessary in carrying out the
provisions of this Act;
48. The Board is hereby vested the power to conduct _________________ for the practice of the real estate service
profession and prescribe the appropriate, syllabi of the subjects for examination;
49. To qualify as a member of the Board, applicant must be an active licensed practitioner of real estate service for at least
________________ prior to his/her appointment.
50. To qualify as a member of the Board, applicant must be but not:
a. a bona fide member in good standing of the AIPO b. an officer or trustee of the AIPO
c. of good moral character, d. a holder of a bachelor's degree related to real estate;

51. Practitioners who had failed to renew their DTI License prior to 30 July 2009 but who have earned ____________
CEP credit units from accredited service providers as per MO 39 or CPE credit units from CPE Council Accredited
Providers from 2007 to July 30, 2011 shall be allowed to register without taking the prescribed examination.
52. The subjects for the real estate brokers licensure examination includes the following except:
a. code of ethics and responsibilities b. basic principles of ecology
c. methodology of appraisal approaches d. real property laws

53. Practitioners who hold valid DTI license as of ____________ who has earned fifteen (15)Continuing Education
Program (CEP)or CPE credit units shall be allowed to register under RESA without taking the licensure examination.;
54. Practitioners who hold valid DTI license as of July 30, 2009 and who has earned _____________ Continuing
Education Program (CEP)or CPE credit units shall be allowed to register under RESA without taking the licensure
examination.;
55. The subjects for the real estate brokers licensure examination includes the following except:
a. subdivision development b. condominium concept
c. real estate consulting and investment analyses d. documentation and registration

56. Those who had passed the 2009 and 2008 licensure examinations given by DTI but who had failed to obtain their
license upon the effectivity of RA 9646 need _______ CEP or CPE credit units to be registered without taking again the
licensure examination.
57. Those who had passed the 2007 licensure examinations given by DTI but who had failed to obtain their license upon
the effectivity of RA 9646 need ________ CEP or CPE credit units.
58. To be not qualified as a member of the Board, applicant must be except:
a. a bona fide member in good standing of the AIPO b. an officer or trustee of the AIPO
c. a member of the faculty of an institute where review classes or lectures in preparation for the licensure examination
are being offered or conducted.
d. convicted by final judgment by a competent court of a criminal offense involving moral turpitude.

59. Those who had passed the DTI examinations in 2006 and prior years but who had failed to obtain their license upon
the effectivity of RA 9646 need _____________ CEP or CPE credit units.
60. Real estate practitioners who were qualified to register without taking the licensure examination shall comply with the
necessary CPE requirements within two (2) years after the effectivity of RA 9646, or before ______________, otherwise
they shall be required to take the Board licensure examination again.