1.

A noble profession, calling or an occupation dedicated to the promotions, development

and conservation of land and natural resources.
a. Consulting
b. Brokerage Service Practice
c. Realty Service Practice

2. Since realty service practice is an honorable practice, those who practice are bounded to
follow a _____.
a. Code of ethics
b. Code of conduct
c. Government code

3. Utmost fidelity, sincerity, respect for colleagues in the profession, and honesty shall be
observed.
a. Special times
b. At all times
c. Any time

4. Level of knowledge, competence and expertise in real estate development and

management that shall be maintained.
a. Adequate
b. Sufficient
c. Complete

5. Upgrading of the standards of practice shall be effected.

a. When the need arises
b. At all times
c. Even when it is not needed

6. The spirit of camaraderie, cooperation and professional relationship by respecting the

rights of other practitioners shall be _____.
a. Practiced
b. Promoted
c. Observe

7. Level of integrity, honesty and competence in the profession of realty service practice.
a. High
b. Highest
c. Average

8. High level of integrity, honesty and competence in the profession for the best interest of
the community and _____.
a. The country
b. The state
c. The nation

9. Level of professional and respect relationship with colleagues in the Realty Service
Practice.
a. High
b. Highest
c. Average
10. Fair, honest and just dealing of realty service practice with each other.
a. Always
b. All times
c. Anytime

11. Shall be observed in all the dealings and relation of the practitioners with clients, fellow
practitioners, the organization to which they belong, and the general public.
a. Do not treat others as you like them to treat you
b. Treat others as you like them to treat you
c. Treat others as you do not like them to treat you.

12. Threat others as you like them to treat you is known as the _____.
a. Supreme rule
b. Golden mean
c. Golden Rule

13. Shall embrace and include all persons, partnerships or corporations who are duly licensed
by the Department of Trade and Industry.
a. Real estate service
b. Brokerage service practice
c. Realty service practice

14. He should pay any and all taxes.

a. Organization relation
b. Government Relation
c. Public relation

15. The practitioner should secure all the necessary licenses, permits and authority.
a. Organization relation
b. Government Relation
c. Public relation

16. Support government projects & land development activities.

a. Government relation
b. Organization relation
c. Public relation

17. He should not encourage, abet, tolerate or participate in the evasion or illegal reduction in
the payment of all taxes.
a. Government relation
b. Organization relation
c. Public relation

18. He should not offer or agree to pay to, split or rebate any commission, fee or valuable
consideration to unlicensed realty service practitioner.
a. Government relation
b. Organization relation
c. Public relation

19. He should indicate the license number of the certificate issued by the Department of Trade
and Industry in his letterhead.
a. Government relation
b. Organization relation
c. Public relation

20. The practitioner should be imbued with a social conscience for he does not live by himself
and his family alone but he is a part of society with definite social responsibilities;
a. Public relation
b. Client relation
c. Customer relation

21. He should ensure the highest and the best use of the land and the equitable distribution of
ownership.
a. Public relation
b. Client relation
c. Customer relation
22. He should keep himself well informed as to any movement affecting real estate in his
community, city or province.
a. Public relation
b. Client relation
c. Customer relation

23. He should cooperate with the government in protecting the public against deceptive, unfair
and unconscionable acts and practices.
a. Public relation
b. Client relation
c. Customer relation

24. He should ascertain all pertinent facts concerning every property, and avoid error,
exaggeration, misrepresentation or concealment of pertinent facts in dealing with the general
public concerning real estate transactions;
a. Public relation
b. Client relation
c. Customer relation

25. He should not be instrumental in introducing in a neighborhood a certain character or use

of property which will tend to impair or erode property values within that neighborhood;
a. Public relation
b. Client relation
c. Customer relation
26. He should not be a party to the naming of a false consideration in a deed of instrument.
a. Public relation
b. Client relation
c. Customer relation
27. He should keep a special bank account separate and distinct from his own funds.
a. Public relation
b. Client relation
c. Customer relation
28. In his advertisements, brochures or announcements, he should present a true picture of
the property, its improvements, or rights and interests therein including whatever liens or
encumbrances it may have.
a. Public relation
b. Client relation
c. Customer relation

29. He should see to it that all agreements, terms and conditions, financial obligations and
commitments in a real estate transaction are in writing, duly signed by all parties concerned.
a. Public relation
b. Client relation
c. Customer relation

30. The practitioner, in accepting an appointment or authority to act for and in behalf of a client
or customer, should pledge himself with utmost fidelity and good faith.
a. Practitioner relation
b. Public relation
c. Customer relation

31. For the sake of justice and fairness to his client who have reposed confidence in him, the
Practitioner should endeavor to be well informed of current legislation, policies and programs of
the government.
a. Costumer relation
b. Public relation
c. Practitioner relation

32. He should not accept any commission, fee or any valuable consideration from any party in
any transaction except from his client.
a. Public relation
b. Customer relation
c. Practitioner relation

33. He should charge or collect only such fees or commissions as are fair and reasonable in
accordance with usual schedule of commission.
a. Costumer relation
b. Public relation
c. Practitioner relation

34. He should not advertise any property without authority and in any offering, the price
quoted should be in accordance with the price agreed with the owners as the offering price.
a. Public relation
b. Customer relation
c. Practitioner relation

35. In the event that more than one formal offer on a specific property is made before the
owner has accepted a proposal, all written offers should be presented to the owner for his
decision;
a. Costumer relation
b. Public relation
c. Practitioner relation

36. He should endeavor to make his client and customer conclude a fair contract
advantageous to both;
 a. Costumer relation
b. Public relation
c. Practitioner relation

37. He should assist his customer acquire possession and ownership of the real property
bought in accordance with the terms and conditions agreed upon;
a. Costumer relation
b. Public relation
c. Practitioner relation

38. In case he is called upon to act as witness in a court proceeding he should give his
testimonies in the most unbiased, honest, truthful and professional manner;
a. Costumer relation
b. Public relation
c. Practitioner relation

39. As a real estate appraiser, he should not render an opinion without careful and thorough
analysis and interpretation of all factors affecting the value of the property.
a. Costumer relation
b. Public relation
c. Practitioner relation

40. As an appraiser, he should not undertake to make an appraisal or render an opinion that is
outside the field of his experience and competence.
a. Costumer relation
b. Public relation
c. Practitioner relation

41. He should not solicit a listing which is currently listed exclusively with another broker
unless the listing agreement has expired or revoked by the owner and the owner offers to list
the same to the new broker without soliciting the same;
a. Relation to the organization
b. Relation to the fellow practitioner
c. Relation to costumer

42. When he accepts a listing from another broker, the agency of the broker who offers the
listing should be respected until it has expired.
a. Relation to the organization
b. Relation to the fellow practitioner
c. Relation to costumer

43. Signs giving notice of a property for sale, rent, lease or exchange should not be placed on
any property by more than one broker and only if authorized by the owner;
a. Relation to the organization
b. Relation to the fellow practitioner
c. Relation to costumer

44. He should not use information obtained by him from a listing broker through offers to
cooperate or received through multiple listing services or other sources authorized.
a. Relation to the organization
 b. Relation to the fellow practitioner
c. Relation to costumer

45. He should cooperate with other brokers on property listed and share the commission on
an agreed basis.
a. Relation to the organization
b. Relation to the fellow practitioner
c. Relation to costumer

46. He should not solicit or use the services of an employee or salesman of another
practitioner without the knowledge of the employer;
a. Relation to the organization
b. Relation to the fellow practitioner
c. Relation to costumer

47. He should not criticize publicly a competitor nor volunteer an opinion of a competitor's
transaction.
a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

48. The practitioners should seek no unfair advantage over his fellow practitioners and
should willingly share with them the lessons of his experience and study;
a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

49. He should conduct his business properly to avoid any controversy with his fellow
practitioners.
a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

50. If the controversy is between practitioners belonging to different organizations or

associations, it should be submitted to an Arbitration Board consisting of one member from each
organization or association chosen by each of the parties to the controversy.
a. Relation to costumer
b. Relation to the organization
c. Relation to fellow practitioner

51. In case the practitioners in a controversy are not members of any duly recognized
organization or the Arbitration Boards cannot settle the controversy, the Department of Trade
and Industry shall assume jurisdiction over said controversy;
a. Relation to costumer
b. Relation to the organization
c. Relation to fellow practitioner

52. In case a complaint is filed against a practitioner with his organization or association for
unethical or unfair practice, he should voluntarily submit all pertinent facts.
a. Relation to costumer
b. Relation to the organization
 c. Relation to fellow practitioner

53. In the interest of society and his own profession, calling or occupation, the practitioner
should abide by the Constitution and By-Laws of his association or organization and the
National Association to which it is affiliated;
a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

54. Election as officer or member of the governing body of the organization or association
carries with it the moral obligation to serve honorably, unselfishly, diligently and efficiently.
a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

55. He should support his organization morally and financially and actively support its plans,
programs and projects for the benefit of all the members of the organization or association;
a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

56. Any practitioner should first exhaust all administrative remedies available under existing
laws, rules and regulations.
a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

57. Practitioner should indicate in his letterhead, dry seal, signboard, billboard, advertisement
or other announcement.
a. Voter ID number
b. License number
c. CTC Number

58. He should not offer or agree to pay to, split or rebate any commission to _____.
a Unlicensed salesman
b. Unlicensed broker
c. Unlicensed practitioner

59. Should secure all the necessary licenses, permits and authority.
a. The practitioner
b. The broker
c. The appraiser

60. Evasion or illegal reduction in the payment of all taxes, fees, dues, levies or charges that
may be imposed by the government.
a. Should be encourage
b. Should not be encourage
c. Is discourage
61. The practitioner should be imbued with a social conscience for he does not live by
himself and his family alone but he is a part of society with _____.
a. political responsibility
b. ethical responsibility
c. social responsibility

62. Level of use of the land and the equitable distribution of ownership.
a. Best used
b. Highest used
c. Highest and best used

63. In order that he may be able to contribute to public thinking on matters of taxation, land
use, city planning, zonification and other programs of the government.
a He should attend seminar
b. He should keep himself well informed.
c. He should study

64. Protecting the public against deceptive, unfair and unconscionable acts the practitioner
should.
a. Cooperate with government
b. Participate with government
c. Assist the government

65. He should not be ______ in introducing in a neighborhood a certain character or use of

property which will tend to impair or erode property values within that neighborhood.
a. Instrumental
b. Part
c. Participative

66. He should not be a party to the naming of a false consideration in a _____.

a. Official document
b. Deed of instrument
c. Government document

67. All money receive for other person should be put in _____.
a. Seller's bank account
b. Buyer's bank account
c. Separate bank account

68. In his advertisements, brochures or announcements, he should present a true picture of

_____.
a. Building
b. Himself
c. Property

69. He should see to it that all agreements, terms and conditions, financial obligations and
commitments in a real estate transaction are in _____.
a. Order
b. Writing
c. Compliance
70. All agreements, terms and conditions, financial obligations and commitments in a real
estate transaction are duly signed by all parties concerned and if necessary to be properly
authenticated by _____.
a. the Notary public
b. the Broker
c. the Appraiser

71. The practitioner, in accepting an appointment or authority to act for and in behalf of a
client or customer, should pledge himself with utmost fidelity and _____.
a. Faith
b. Good faith
c. Faithfulness

72. Fee or any valuable consideration from any party in any transaction except from his
client unless with the full knowledge and consent of all the parties in the transaction the broker
shall _____.
a. Not accept any commission
b. Shall accept commission
c. Anytime accept

73. He should charge or collect only such fees or commissions as are fair and reasonable in
accordance with usual _____.
a. Fee
b. Schedule of commission
c. Commission

74. An ethical practice describe that practitioner.

a. He should not advertise any property without authority and in any offering
b. He should not charge or collect only such fees or commissions as are fair and
reasonable
c. He should accept any commission, fee or any valuable consideration from any
party in any transaction

75. In the event that more than one formal offer on a specific property is made before the
owner has accepted a proposal, all written offers should be _____.
a. Not presented at all
b. Presented to the owner for his reference
c. Presented to the owner for his decision

76. He should endeavor to make his client and customer conclude a _____.
a. Fairest contract
b. Equitable contract
c. Fair Contract

77. Practitioner should _____ his customer acquire possession and ownership of the real
property bought in accordance with the terms and conditions agreed upon.
a. Help
b. Assist
c. Support
78. In case he is called upon to act as witness in a court proceeding he should give his
testimonies in the _____.
a. Unbiased manner
b. Most unbiased manner
c. Objective manner

79. He should not render an opinion without careful and thorough analysis and interpretation
of all factors affecting the value of the property.
a. The appraiser
b. The seller
C. The broker

80. As a real estate appraiser, he should not render an opinion without careful and thorough
____.
a. Weighing of all factors
b. inspection of all factors
c. analysis and interpretation of all factors

81. Should not undertake to make an appraisal or render an opinion that is outside the field of
his experience and competence.
a. The appraiser
b. The broker
c. The buyer

82. In case when an appraiser undertake to make an appraisal or render an opinion that is
outside the field of his experience and competence he should.
a. obtains the assistance of another practitioner familiar with such type of property
b. obtains assistance of another buyer familiar with such type of property
c. obtains assistance of another seller familiar with such type of property

83. In case when practitioner solicit a listing which is currently listed exclusively with another
broker he should not accept it unless.
a. Agreement did not expire
b. owner did not revoke the agreement and the owner offers to list the same to the
new broker without soliciting the same.
c. owner revoke the agreement and the owner offers to list the same to the new
broker without soliciting the same.

84. Signs giving notice of a property for sale, rent, lease or exchange should not be placed
on any property by more than _____.
a. One broker
b. Two broker
c. Three broker

85. He should not solicit or use the services of an employee or salesman of another
practitioner _____.
a. Without informing the employer
b. Without knowledge of the employer
c. Without permission of the employer
86. If his opinion is sought, it should be rendered with
a. Without bias
b. objectivity
c. professional integrity and courtesy

87. The practitioners should seek no unfair advantage over his fellow practitioners and
should willingly share with them the lessons of his _____.
a. Study
b. experience and study
c. experience

88. In the event of a controversy between practitioners belonging to the same organization
or association, such controversy should be submitted for arbitration to _____.
a. PRC
b. Organization
c. court

89. If the controversy is between practitioners belonging to different organizations or

associations, it should be submitted to _____.
a. DTI
b. PRC
c. Arbitration board

90. In case a complaint is filed against a practitioner with his organization or association for
unethical or unfair practice, he should voluntarily submit all pertinent facts before an
investigating body that may be formed by _____.
a. Organization
b. PRC
c. Court

91. Any practitioner should first exhaust all administrative remedies available under existing
laws, rules and regulations before taking any _____.
a. Judicial action
b. judicial or quasi-judicial action
c. quasi judicial action

92. The Real Estate Service Practitioners shall adhere to the strict compliance to the _____.
a. Laws
b. Organization Code of Ethics
c. National Code of Ethics and Responsibilities

93. To have adequate education, value formation, knowledge, competence and expertise in
real estate service.
a. Required
b. Not required
c. It depends
94. The spirit of unity, harmony, camaraderie, cooperation and professional relationship
among the practitioners is essential, and shall be promoted under the principle of _____.
a. Harmony
b. Unity
c. Solidarity

95. The Practitioner shall be imbued with a social responsibility and conscience being part of
society with duties and responsibilities for the promotion of the _____.
a. Common benefit
b. Common welfare
c. Common good

96. The Practitioner shall abide the articles of incorporation and by-laws of the _____.
a. Organization
b. AIPO
c. Corporation

97. The one who will assume jurisdiction in case the APO arbitration body cannot settle the
controversy.
a. Court
b. PRBRES
c. Organization officer

98. Authority in putting signages or notices on a property for sale, rent or lease should be in
_____.
a. Writing
b. Need not written
c. Verbal or oral

99. Only undertake consulting services or engagements in a conduct that is legal, ethical and
_____.
a. Fair
b. Ethical
c. Moral

100. Publication of announcement is permitted only.

a. New office
b. Old office
c. It depends

101. Violating any provision of the Code of Ethics and Responsibilities for First Offense.
a. Suspension
b. Reprimand or Warning
c. Cancellation

102. Violating any provision of the Code of Ethics and Responsibilities for second offense.
a. Suspension of APO membership for Two (2) months
b. Suspension of APO membership for three(3) months
c. Cancellation
103. Violating any provision of the Code of Ethics and Responsibilities for third offense.
a. Cancellation
b. Suspension of APO membership for Four (4) months
c. Suspension of APO membership for Five (5) months

104. Violating any provision of the Code of Ethics and Responsibilities for fourth time.
a. Recommended for Suspension of License at the Professional Regulatory Board of
Real Estate Service (PRBRES) and at the PRC
b. Suspension of APO membership
c. Cancellation

105. Violating any provision of the Code of Ethics and Responsibilities for fifth time.
a. Recommendation for the Cancellation of License at the PRBRES and at the PRC.
b. Recommended for Suspension of License at the Professional Regulatory Board
of Real Estate Service (PRBRES) and at the PRC.
c. Suspension of APO membership for Five(5) months

106. Violating any provision of the Real Estate Service Act and its implementing rules and
regulations for first offense.
a. Cancellation
b. Recommended for Suspension of License at the Professional Regulatory Board
of Real Estate Service (PRBRES) and at the PRC
c. Suspension of APO membership for Four (4) months

107. Violating any provision of the Real Estate Service Act and its implementing rules and
regulations for second time.
a. Recommended for Suspension of License at the Professional Regulatory Board
of Real Estate Service (PRBRES) and at the PRC;
b. Suspension of APO membership for Four (4) months;
c. Cancellation

108. Violating any provision of the Real Estate Service Act and its implementing rules and
regulations for third time.
a. Recommended for Suspension of License at the Professional Regulatory Board
of Real Estate Service (PRBRES) and at the PRC
b. Recommendation for the Cancellation of License at the PRBRES and at the PRC.
c. Suspension of APO membership

109. It is unethical for a professional _____ to review the work of another Appraiser if
he/she does not possesses the competency pertaining to the nature of the work being reviewed.
a. Peer reviewer
b. Appraiser
c. Consultant

110. It is unethical for a professional _____ to review the work of another consultant if
he/she does not possess the competency pertaining to the nature of the work being reviewed.
a. Appraiser
b. Peer reviewer
c. Consultant
 ANSWER KEYS
1 C
2 A
3 B
4 A
5 A
6 B
7 A
8 C
9 A
10 A
11 B
12 C
13 C
14 B
15 B
16 A
17 A
18 A
19 A
20 A
21 A
22 A
23 A
24 A
25 A
26 A
27 A
28 A
29 A
30 C
31 A
32 B
33 A
34 B
35 A
36 A
37 A
38 A
39 A
40 A
41 B
42 B
43 B
44 B
45 B
46 B
47 A
48 A
 [Type the document title]

49 A
50 C
51 C
52 C
53 A
54 A
55 A
56 A
57 B
58 C
59 A
60 B
61 C
62 C
63 B
64 A
65 A
66 B
67 C
68 C
69 B
70 A
71 B
72 A
73 B
74 A
75 C
76 C
77 B
78 B
79 A
80 C
81 A
82 A
83 C
84 A
85 B
86 C
87 B
88 B
89 C
90 A
91 B
92 C
93 A
94 C
95 C
96 B
97 B
98 A
99 C

Academic Use Only. No sharing or reselling. Visit www.prcreviewers.com for more info.
 [Type the document title]

100 A
101 A
102 A
103 B
104 A
105 A
106 C
107 A
108 B
109 A
110 B

Academic Use Only. No sharing or reselling. Visit www.prcreviewers.com for more info.