RESA LAW EXAM STUDY GUIDE
WITH COMPLETE SOLUTIONS
The Real Estate service of the Phils governs the following service practitioners, except : - Answer-a.
real estate salesperson c. real estate assesoor e. real estate dealer b. real estate broker d. real estate
appraisers
2. Under the RESA, ther...
6. In the licensure examination for the applicants for the real estate brokers a subject for examination
common to all real estate service practice is, - Answer✔✔-a. Fundamental of property ownership b.
Legal requirements for Real estate service practice c. Subdivision development d. Real estate finance and
economics e. Basic principle of ecology
7. Upon application and payment of the required fees for the approval of the commission the board may
issue a special /temporary permit to a real estate service practitioner from the foreign countries, whose
services are urgently needed in the absence or an unavailability of local real estate service practitioners
provided that - Answer✔✔-become a dual citizen b. He has 10 yrs. resident in the country c. There is
foreign reciprocity between his country and the Philippines d. He is resident of the Philippines e. He has
taken the examination for licensing
8. The real estate broker shall in a addition to the oath refer to the preceding section be required to post
a professional indemnity insurance or cash or surety bond in an amount to be determined by the board
which in no case shall less than - Answer✔✔-a. 5,000 d. 1,000 b. 10,0000 e. 100,000 c. 20,000.00
9. Under BP 185, a former natural born Filipino may acquire a residential land in the Philippines, even if
already a foreign citizen provided that it should not exceed the following area in case of urban land. -
Answer✔✔-a. 100 sm. d. 3,000sqm b. 500 s.m. e. 5,000sqm c. 1,000 sm.
10. The foreign investment act of 1991, allows the former and natural born Filipino to acquire land for
business purpose in rural area not to exceed an area of - Answer✔✔-a. 1000 sm. d. 1 hectare b. 3000sm.
e. 3 hectares c. 5000 sm.
11. The following are lands of public domain except - Answer✔✔-a. Forest d. Agricultural b. Natural
parks e. Mineral c. Commercial
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