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SAMPLE ONLY Mock Exam 1 Special and Technical Knowledge

This document provides an overview of the coverage, schedule, and sample questions for an examination on special and technical knowledge related to real estate. The coverage includes topics like subdivision development, condominium concepts, legal aspects of real estate transactions, and documentation and registration. The examination is scheduled for December 16, 2017 from 11:00 AM to 1:00 PM. Sample multiple choice questions are provided to review condominium definitions, property types, ownership interests, title reconstitution, liens, and deeds.

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Joshua Armesto
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277 views2 pages

SAMPLE ONLY Mock Exam 1 Special and Technical Knowledge

This document provides an overview of the coverage, schedule, and sample questions for an examination on special and technical knowledge related to real estate. The coverage includes topics like subdivision development, condominium concepts, legal aspects of real estate transactions, and documentation and registration. The examination is scheduled for December 16, 2017 from 11:00 AM to 1:00 PM. Sample multiple choice questions are provided to review condominium definitions, property types, ownership interests, title reconstitution, liens, and deeds.

Uploaded by

Joshua Armesto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Special and technical Knowledge 25% Day 1

Coverage of Examination:
1. Subdivision Development (incl. P.D. 957, BP 220, PD7279 etc.)
2. Condominium Concept and Other Type of Real Estate Holding
3. Legal Aspect of Sale, Mortgage or Lease
4. Documentation and Registration

Schedule: December 16, 2017


Time: 11:00 AM – 1:00 PM

TEST 1 Sample Questions for Review Purpose:

Section 2 of RA 4726 defines as an interest in real property consisting of a separate interest in a


unit in a residential, industrial or commercial building and an undivided interest in common directly, in
the land on which it is located and other common areas of the building.
a. Condominium Project
b. Condominium
c. Condominium Corporation
d. Condominium unit

It shall mean the entire parcel of a real property divided or to be divided primarily for residential
purposes into units, including all structures thereon.
a. Condominium Project
b. Condominium Corporation
c. Condominium Unit
d. Condominium Association

Condominium shall mean a property consisting of a separate interest in a unit in a residential,


industrial or commercial building and an undivided interest in common directly or indirectly, in the
land on which it is located and other common areas of the building.
a. Undivided Interest
b. Owner's Interest
c. Common Ownership
d. Limited Ownership

When the owner's duplicate certificate of title is lost, the registered owner shall file a petition in court
for:
a. Judicial Reconstitution
b. Quieting of title
c. Administrative reconstitution
d. Issuance of new duplicate certificate of title

A hold or claim that one person has on the property of another to secure payment of debt or other
obligation is called
a. Encumbrance
b. Lien
c. Lis Pendens
d. Chattel
___________ laws give anyone who has furnished labor or materials for the improvement of land the
right to place a lien against those improvements and the land if payment has not been received.
a. Judgment Lien
b. Mechanic's Lien
c. Mortgage Lien
d. Involuntary Lien

_____________ arise from law suits for which money damages are awarded. The law permits a hold to
be placed against the real and personal property of the debtor until the judgment is paid.
a. Judgment Lien
b. Mechanic's Lien
c. Mortgage Lien
d. Involuntary Lien

A____________is created when property is offered by its owner as security for the repayment of debt. If
the debt secured is not repaid, the creditor can foreclose and sell the property.
a. Judgment Lien
b. Mechanic's Lien
c. Mortgage Lien
d. Involuntary Lien

The party holding the lien is called ___________. Examples of which are mortgage lenders, judgment
holders, and tax authorities
a. Lienor
b. Lienator
c. Lienee
d. Lienatee

The party whose property is subject to the lien is called .


a. Lienor
b. Lienator
c. Lienee
d. Lienatee

It is a written legal document by which ownership of a real property is conveyed from one property to
another. Deeds were not always used to transfer real estate.
a. Deed
b. Judicial Order
c. Memorandum
d. License Permit

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