elect 3 lecture 2

What is the primary goal of a real estate consultant?

What is a characteristic of professional real estate consulting?

What is the basis of a real estate consultant's fee?

What is a key distinction between a real estate consultant and a broker, appraiser, or agent?

What is a characteristic of a real estate consultant's advice?

What is a characteristic of a real estate consultant's report?

What is a key aspect of a real estate consultant's service?

How does a real estate consultant approach each client or problem?

What is the purpose of a mutually acceptable consultant in a property rental dispute?

Why does a growing law firm need a location analysis?

What is the main goal of a location analysis for a distributor of bottled drinking water?

Why does an apartment complex owner need a neighborhood analysis?

What is the main goal of an evaluation for an income-producing property?

What is the primary concern of a facilities planning project for an industrial company?

What is a key consideration in a location analysis for a distributor of bottled drinking water?

What is the main purpose of an evaluation for an investor considering an income-producing property?

What is the concern of the owner of a substantial landholding in a distant province?

A newly formed limited partnership is seeking guidance on acquiring a luxury apartment building. What is their primary concern?

What is the primary concern of a city planning board seeking advice?

What is the main issue faced by an apartment development in another city?

What are the options being considered by the owner of a vacant lot in an urbanizing area?

What is the concern of the owners of a downtown loft building that has been vacated by its principal tenant?

What is the primary concern of a bank that requires new quarters?

What is the main concern of a property owner and a lessee who cannot agree on the rental to be paid over the next ten years of a lease?

What is the main purpose of the Implementing Rules and Regulations (IRR) of R.A. No. 9646?

What is the minimum experience required for an applicant to be eligible for a real estate consultant's license?

What is the purpose of the examination for real estate consultants given by the Professional Regulation Commission (PRC)?

What is the conflict of interest rule for real estate consultants?

When must a real estate consultant disclose their interest in a property subject of consultancy?

What is the role of the Professional Regulation Commission (PRC) in the issuance of the Implementing Rules and Regulations (IRR) of R.A. No. 9646?

What is the name of the law that regulates the practice of real estate service in the Philippines?

What is the purpose of the Code of Ethics & Responsibilities under Section 35 of Article IV of R.A. No. 9646?

What is the primary purpose of the Continuing Professional Education (CPE) program?

What is the qualification required for a candidate to be admitted to the licensure examination for real estate consultant?

Who is responsible for developing and prescribing guidelines on Continuing Professional Education (CPE)?

What is the requirement for taking the licensure examination for real estate consultants, as prescribed by the CHED?

What is the minimum experience required for an applicant to take the licensure examination for real estate consultants?

Who recommended the syllabus outline for the consulting service practice?

Under which provision of the law is the Continuing Professional Education (CPE) program developed and prescribed?

What is the requirement for an applicant to show proof of, in addition to the educational qualifications, to take the licensure examination for real estate consultants?

A ______ company has foreclosed on a partially completed residential condominium project.

The trust department of a small bank is required to dispose of an ______ that includes several large properties.

An investor planning the purchase of a large tract is concerned about how the ______ should be developed.

A small investor has acquired an ______-producing property.

The owners of a vocational training center wish to convert it to a ______ building.

The consultant is asked to provide advice on ______ and alternatives.

The consultant will help the client decide about such ______ as how to develop the property.

The consultant will help in selecting the ______, builder, and management.

The property owner and lessee seek a _______________ mutually acceptable to help them ascertain the fair market rent.

A growing law firm requires larger offices and seeks a _______________ analysis to determine the best location.

A distributor of bottled drinking water wants to know where to locate a _______________ center in relation to the total expected market area.

The owner of an apartment complex wants to know whether she should keep or sell the property and whether it should be sold as an apartment complex or converted into _______________ units.

An investor has been offered an income-producing property and wishes to know what risks are involved, what after-tax cash flow is to be expected, and how sound the property is, and how the purchase should be _______________.

An industrial company needs to expand a plant and wants to know what it can expect to get for the plant in the market, what it would have to pay for a suitable existing _______________ at another location.

An industrial company wants to know how much it would cost to acquire a site and build a new _______________.

The owner of an apartment complex wants to know whether she should keep or sell the property and what are the advantages and disadvantages of _______________.

Pursuant to Section 42, Article V of RESA, the Professional Regulatory Board of Real Estate Service (PRBRES) after the review and approval by the ______ adopts, issues, promulgates the Implementing Rules and Regulations (IRR) to carry out, administer, and enforce the provisions of R.A.No. 9646.

Among other qualifications, an applicant for a real estate consultant’s license must have at least ten years experience as a licensed real estate ______ or five years experience as real estate appraiser.

The ______ for Consultant’s License – Among other qualifications, an applicant for a real estate consultant’s license must have at least ten years experience as a licensed real estate broker or five years experience as real estate appraiser, and must pass an examination for real estate consultants given by the Professional Regulation Commission (PRC).

PRBRES shall develop, prescribe and promulgate guidelines on ______ upon consultation with the accredited and integrated professional organization.

The Code of Ethics & Responsibilities, the engagement of a real estate consultant must not be contingent or dependent upon reporting of pre-determined findings or recommendations to be made, as provided for in the ______ under Section 35 of Article IV.

When the consultant or a relative within the fourth civil degree owns not less than twenty percent propriety interest in the property subject of consultancy, he must disclose such interest before accepting the consultancy ______.

The primary purpose of the ______ is to maintain the high standards and advancement of the real estate profession and.

A candidate shall, at the time of filing his/her application, establish to the satisfaction of the Board that he/she possesses a ______ degree from a state university or college.

The Implementing Rules and Regulations (IRR) of R.A. No. 9646 were adopted on ______ 2010.

An applicant for a real estate consultant’s license must possess the other qualifications at the time of filing of the application for the ______ examinations.

An applicant for the licensure examination for real estate consultants must show proof that he/she has at least ten (10) years ______ as a licensed real estate broker or an assessor, or as a bank or.

The Professional Regulation Commission (PRC) issues the Implementing Rules and Regulations (IRR) to carry out, administer, and enforce the provisions of ______.

The BTRCP, under BUREAU ORDER NO. 03, S. 2006, has prescribed a ______, based on the syllabus outline recommended by Realtor Domingo D.de Vera in 2000.

The qualified applicant shall be a holder of a relevant ______ degree from a state university or college, or other educational institution duly recognized by the CHED.

A candidate shall be of ______ moral character, and must not have been convicted of any crime involving moral turpitude.

PRBRES shall develop, prescribe and promulgate guidelines on CPE upon consultation with the ______ and integrated professional organization of real estate service practitioners.

An owner of a substantial landholdings in a distant province wants to know whether to sell or hold the property, the tax consequences of a ______, and how to go about marketing the property if he decides to sell.

A newly formed limited partnership is interested in acquiring a luxury apartment building for ______ into a residential condominium.

A city planning board is seeking advice on the ______ of a sale.

The owners of a downtown loft building that has been vacated by its principal tenant need to know whether the building should be ______, left vacant, or rented on a temporary basis while redevelopment of the property for other uses is awaited.

A bank requires new ______.

The owner of the vacant lot in an urbanizing area wants to know whether he should sell the lot, enter into a ______ venture for development, develop the lot himself, or exchange all or part of the lot for another property.

An apartment development in another city is suffering from high tenant ______.

A property owner and a lessee cannot agree on the rental to be paid over the next ten years of a ______ that contains a series of renewal every two years.

A real estate consultant provides advice on the acquisition of a property for an agreed fee.

A real estate consultant's report is always oral.

A real estate consultant's service is similar to that of a broker, appraiser, or agent.

A real estate consultant treats each client and problem in a standardized way.

The primary goal of real estate consulting is to provide objective advice.

A real estate consultant's fee is based on the value of the property.

Real estate consulting is a regulated profession in the Philippines.

A real estate consultant can provide advice on the development of a property.

The Professional Regulation Commission (PRC) is responsible for reviewing and approving the Implementing Rules and Regulations (IRR) of R.A. No. 9646.

An applicant for a real estate consultant's license must have at least five years experience as a licensed real estate broker or ten years experience as a real estate appraiser.

The Code of Ethics & Responsibilities under Section 35 of Article IV of R.A. No. 9646 provides guidelines for real estate consultants on conflict of interest.

A real estate consultant must disclose their interest in a property subject of consultancy before accepting the engagement.

The examination for real estate consultants is given by the Professional Regulatory Board of Real Estate Service (PRBRES).

The Implementing Rules and Regulations (IRR) of R.A. No. 9646 were adopted on 21 July 2015.

The Real Estate Service Act of the Philippines is also known as R.A. No. 9654.

The Professional Regulation Commission (PRC) has no role in the issuance of the Implementing Rules and Regulations (IRR) of R.A. No. 9646.

The first licensing regulations for real estate appraisers were issued on April 28, 1960.

According to DOJ Opinion No. 113, Series of 1995, foreigners can be accredited as realty service practitioners.

The real estate service practitioners were governed by the Department of Trade and Industry until 2009.

The realty service practice regulations were codified under Ministry Order No. 39 in 1985.

Commerce Administrative Order No. 60-1 was issued on July 29, 1939.

The Professional Regulation Commission (PRC) has been governing real estate service practitioners since 1995.

The realty service practice is not considered a profession.

The regulations for real estate service practitioners were revised by Trade Administrative Order No. 75-1.

A real estate consultant's skill is based on their ability to perform a series of precise steps, assignment after assignment.

A real estate consultant's fee is based on their ability to perform a specific task.

The principal difference between a real estate specialist and a real estate consultant lies in the outcome of their work.

Licensing Regulation Act 2728 was passed in 1938 to regulate the real estate practice in the Philippines.

A real estate consultant's role is limited to facilitating transactions.

A real estate consultant is a specialist in a particular field, such as brokerage or appraisal.

The Secretary of Trade and Industry is responsible for promulgating administrative orders to regulate the real estate practice.

A real estate consultant's advisory service is limited to the real estate service practice and industry.

A college degree in Real Estate Service is a requirement to take the licensure examination for real estate consultants.

The PRBRES develops guidelines on CPE upon consultation with the accredited and integrated professional organization of real estate service practitioners only.

A real estate consultant applicant must have at least five years of experience as a licensed real estate broker or an assessor.

The syllabus outline for the consulting service practice was recommended by the PRBRES.

The primary purpose of the CPE is to maintain the high standards of the real estate profession.

An applicant for the licensure examination for real estate consultants must show proof of at least five years of experience as a licensed real estate broker or an assessor.

The PRBRES develops guidelines on CPE upon consultation with the PRC only.

The BTRCP, under Bureau Order No. 03, S. 2006, has prescribed a syllabus based on the syllabus outline recommended by the PRBRES.

Match the following with the required qualifications for taking the licensure examination for real estate consultants:

Match the following with the purpose of the Implementing Rules and Regulations (IRR) of R.A. No. 9646:

Match the following with the role of the Professional Regulation Commission (PRC) in the issuance of the Implementing Rules and Regulations (IRR) of R.A. No. 9646:

Match the following with the name of the law that regulates the practice of real estate service in the Philippines:

Match the following with the purpose of the Code of Ethics & Responsibilities under Section 35 of Article IV of R.A. No. 9646:

Match the following with the primary purpose of the Continuing Professional Education (CPE) program:

Match the following with the requirement for taking the licensure examination for real estate consultants, as prescribed by the CHED:

Match the following with the minimum experience required for an applicant to take the licensure examination for real estate consultants:

Match the following with the person who recommended the syllabus outline for the consulting service practice:

Match the following with the provision of the law under which the Continuing Professional Education (CPE) program is developed and prescribed: