MIDTERM EXAMINATION (COMPRE)

Total points90/100

Answer each question fully, showing your understanding of housing and subdivision
development.
Passing Score 80/100.
Developer WC may publish the advertisement of their project even without a
license to sell provided that:
*2/2
It has started development of the project
It is duly registered with HLURB
It is for announcement purposes only
It is only for pre-selling
Evidence of ownership in a condominium unit.
*2/2
Condominium certificate of title
Original certificate of title
Certificate of ownership

Established birth of the condominium project.

*2/2
Master deed
By laws
Articles of Incorporation
Homeowner’s Association must register presently with this government
agency:
*2/2
Department of Human Settlement and Urban Development
Securities and Exchange Commission
Home Guaranty Corporation
Philippine Homeowner’s Association Agency
It refers to housing programs and projects covering houses and lots or home
lots only undertaken by the Government or the private sector for the
underprivileged and homeless citizens which shall include sites and services:
*2/2
Socialized Housing
Economic Housing
Homeless Housing Project
Low Cost Housing
When it shall appear that a person about to engage in any act or practice
which constitute or will constitute a violation of provision of PD 957, it may
upon due notice and hearing, issue a:
*2/2
Revocation Order
Cease and Desist Order
Temporary restraining order
Cancellation of performance bond order
What should not be included in the advertisements of the developer of a
high-end subdivision project?
*2/2
Future development not covered by license to sell
Project area and location
Subdivision proposed amenities and facilities
Project completion date

The law governing the protection of buyers who are buying subdivision
lots/house and lots and condominium units is referred to as:
*2/2
DHSUD rules and regulations
Buyer’s protection decree
Subdivision and Condominium Buyers Protective Decree
Subdivision and Condominium Buyers Protection Decree
Maybe amended or revoke upon registration of instrument executed by
simple majority of the registered owners of the property.
*2/2
By-Laws
Master deed
Articles of Incorporation
Established the birth of the condominium corporation.
*2/2
Articles of incorporation
By-laws
Master deed
A license to sell issued to a developer may be suspended Motu Propio by the
DSHUD or by:

*4/4
Verified complaint by buyer
Complaint by a real estate broker
Written complaint by buyer
Written complaint by at least majority of the buyers
Real estate tax and assessment on a lot or unit as long as the title has not
passed the buyer shall be paid by.
*2/2
Developer
Buyer
Seller
Shall mean a natural or a juridical person.

*2/2
Person
Corporation
Partnership
The developer of a subdivision project shall for purposes of promoting their
mutual interest of the buyers, initiate the organization of
*2/2
Condominium Corporation
Homeowner’s Association
Management Committee
Property Management Committee
The performance bond required under PD 957 from a developer shall be
made payable to:
*2/2
HUDCC
Homeowner’s Association
Republic of the Philippines
Local Government
The following is not an attached agency of the Housing and Urban
Development Coordinating Council:
*2/2
Pag-ibig Fund
National Housing Authority
Housing and Land Use Regulatory Board
Subdivision and Housing Development Association
Entire parcel of real property divided or to be divided into condominium.
*2/2
Project
Building
Common unit
The condominium act.
*2/2
RA 4726
RA 4276
RA 8799
It is defined under PD 957 as a parcel of land primarily partitioned for
residential purposes into individual lots, with or without improvements:
*2/2
Residential Subdivision
Simple subdivision
Complex Subdivision Plan
Subdivision Project
Everest Realty obtained a written authorization to develop in a certain area
based on an approved land use plan or ordinance referred to as:

*2/2
Development Permit
Locational Clearance
Authority to develop
Certificate of Registration
Any person who shall violate any of the provision of PD 957 shall upon
conviction, may be punished by:
*2/2
Imprisonment of not more than 5 years
A fine not more than 50,000 pesos
Fine not more than 20,000 pesos
Fine not more than 10,000 pesos
Manuel bought a lot on installment for 10 years but after 6 years failed to
pay his monthly amortization. His rights shall be governed by:
*2/2
Maceda Law
Subdivision and Condominium Buyers Protective Decree
Contract to Sell
Realty Financing Act
Document showing that developer is authorized to sell any subdivision lot or
condominium unit in the registered project.
*2/2
License to sell
Project permit
Permit to sell
The following is exempted from getting a registration certificate and license
to sell from DSHUD:
*2/2
Sale of memorial lots
Sale of a subdivision lot by the original purchaser thereof
Sale of purely residential condominium units
Sale of farm lots by a developer
It refers to housing programs and projects covering houses and lots or home
lots only undertaken by the Government or the private sector for the
underprivileged and homeless citizens which shall include sites and services:
*2/2
Socialized Housing
Economic Housing
Homeless Housing Project
Low Cost Housing
A developer may divide the development and sale of the subdivision into
phases, each phase to cover not less than:
*2/2
5 Hectares
10 Hectares
15 Hectares
20 Hectares
Maximum non saleable area of open market and medium cost subdivision.
*2/2
30 %
40%
20%

Hold title on the land of the condominium project.

*2/2
Condominium Corporation
Project owner
Association
BJC properties wanted to borrow from the bank for development and may do
so only with the approval of:
*2/2
Development of Human Settlement and Urban Development
All the lot buyers
Home Guaranty Corporation
All the lot owners who are fully paid
Amor wanted to sell condominium units in a condo project near her house,
she must therefore:
*2/2
Get a license from DHSUD
Register directly with DHSUD
Work under a real estate broker and register with DHSUD
Be accredited by a real estate developer
A subdivision plan of a registered land wherein a street passageway or open
space is delineated on the plan is a:
*2/2
Complex subdivision Plan
Subdivision open spaces plan
Simple subdivision plan
Approved subdivision plan
In case, a developer mortgaged the project without approval from the
DHSUD and a buyer complained, the mortgaged shall be:
*2/2
Void as to the whole mortgage
Void as to the lot of the complaining buyer
Valid but subject to administrative fine from DHSUD
Voidable as the instance of the DHSUD
Mary Ann brought a house and lot in a subdivision and Real estate tax
assessment on the house and lot shall be paid by the developer:
*2/2
For as long as title has not passed to the buyer
Until the buyer occupies the house
Until the buyer has paid at least 50% if on installment
Until there is proper turnover of the house
Foreigner can own up to how many of the total number of units in a
condominium.
*2/2
40%
60%
50%
Ownership consisting of individual co-owners residing in multiunit structures
who have joint ownership in common areas.
*2/2
Corporation
Subdivision
Condominium
It is the National government agency tasked to provide responsive housing
programs primarily to homeless low-income families with access to social
services and economic opportunities is the:

*2/2
Social Housing Finance Corporation
National Housing Authority
Housing and Land Use Regulatory Board
National Home Mortgage Finance Corporation
A certificate of registration of the developer may be revoked by DSHUD
except in the following instances:
*2/2
Developer is of bad business repute
Misinterpretation in brochures or advertisements
Violations of provisions of PD 957
Developer has another pending case with DHSUD
Under the present set-up, the highest policy making body for housing is:
*2/2
National Housing Authority
Housing and Land Use Regulatory Board
Housing and Urban Development Coordinating Council
Department of Housing
PD 1216 requires subdivision owners to provide adequate roads, alleys,
sidewalks and reserved open spaces for parks or recreational use of the total
area of subdivision project equivalent to at least:
*2/2
25%
35%
30%
20%
When the developer intends to donate the roads and open space to the local
government, it will have to provide the following to the LGU?
*2/2
Certificate of Completion
Consent of the buyers of the lots
Certificate of Occupancy
Development Permit
An act amending section four and section sixteen of RA 4726.
*2/2
RA 7899
RA 4726
RA 8799
It shall mean any person directly engaged as principal in the business of
selling or exchanging real estate whether on full time or part time basis:
*2/2
Real Estate Dealer
Real Estate Broker
Real Estate Developer
Real Estate Businessman
Conflict of provision between article of incorporation and master deed, which
shall prevail.
*2/2
Article of Incorporation
Association
Master deed
The rights of the buyer in the event of his failure to pay the installments due
for reasons other than the failure of the owner or developer to develop the
project shall be governed by.*2/2
RA 6552
RA 5662
RA 6523

WRONG ANSWER
1.Under PD 957, a corporation which intends to develop a subdivision must
first obtain the following from DHSUD?
*0/2
Certificate of Registration
Certificate of Development
License to Sell
Development Permit

Correct answer
Certificate of Registration
2.The following are required to register with DHSUD to sell subdivision lots or
condominium projects:
*0/2
Real Estate Salesperson
Real Estate brokers and real estate salespersons
Licensed Real salespersons
Licensed Real Estate and Accredited real estate salespersons

Correct answer
Licensed Real Estate and Accredited real estate salespersons
3.If one wants to venture into socialized housing, the ceiling amount for
socialized housing consisting of house and lots shall be:

*0/2
300,000 pesos
225,000 pesos
400,000 pesos
500,000 pesos
Correct answer
400,000 pesos

Section 18 of Republic Act 7270 requires subdivision developers to provide

for socialized housing based on project area or cost in the amount of:
*0/4
20%
15%
30%
10%

Correct answer
30%