[ RESLE 4 ] Philippine Real Estate Service Licensure Exam Reviewer IV

Philippine Real Estate Service Licensure Exam Practice Test

Instructions:

Please answer each question to the best of your ability. Each question is multiple choice, and only one answer per question is correct. Select the most appropriate answer from the options provided. There are 20 questions in total.

When you have completed all questions, click the "Submit" button at the bottom of the page to see your score. Good luck!

A real estate agent in Cebu is representing a seller who is motivated to sell quickly. What should the agent prioritize to achieve a fast sale?

A) Setting a competitive asking price and marketing aggressively.
B) Waiting for the market to improve.
C) Offering the property without a proper listing.
D) Reducing the property’s visibility to avoid lowball offers.

A couple is considering buying a property in Quezon City. They have concerns about the neighborhood's safety. What should they do before purchasing?

A) Research crime statistics and visit the area at different times.
B) Rely solely on the seller's comments about the neighborhood.
C) Ignore the concerns and proceed with the purchase.
D) Ask neighbors only about their experiences.

A landlord in Davao wants to evict a tenant for non-payment of rent. What is the correct legal procedure they must follow?

A) Provide a formal notice and follow local eviction laws.
B) Change the locks without notice.
C) Force the tenant to leave immediately.
D) Ask the tenant to leave without any formalities.

A developer in Pampanga wants to build a residential complex. What is one of the first steps they should take regarding local regulations?

A) Obtain the necessary zoning and environmental clearances.
B) Start construction without permits.
C) Consult with friends for advice.
D) Focus only on the marketing plan.

A buyer in Iloilo is interested in a property but is unsure about its fair market value. What should they do?

A) Hire a qualified appraiser to assess the property's value.
B) Assume the listed price is fair based on gut feeling.
C) Only compare it to similar properties online.
D) Rely on the seller's information exclusively.

A homeowner in Batangas discovers that their property has been partially built on an easement. What should they consider doing?

A) Consult with a lawyer about the implications of the easement.
B) Ignore it, as it won’t affect them.
C) Sell the property immediately without disclosing it.
D) Attempt to build over the easement.

A buyer is looking at properties in Makati and sees one listed at a very low price. What should they investigate further?

A) The reason for the low price and any underlying issues.
B) The listing photos and descriptions only.
C) The opinions of friends and family.
D) Whether the seller is desperate.

A seller in Quezon City receives multiple offers on their property. What should they consider when evaluating these offers?

A) The terms of each offer, not just the price.
B) The highest offer without other considerations.
C) Personal connections to the buyers.
D) The timing of each offer.

A tenant in Davao has complained about maintenance issues in their apartment. What is the landlord's responsibility?

A) To address and fix maintenance issues promptly.
B) To ignore tenant complaints.
C) To raise the rent immediately.
D) To blame the tenant for the issues.

A couple is selling their home in Iloilo and wants to attract buyers. What strategy could they implement to enhance the property’s appeal?

A) Make necessary repairs and stage the home for showings.
B) Keep everything as-is, including clutter.
C) Offer the property without any viewings.
D) Increase the price significantly.

A property in Batangas is being sold "as-is." What should the buyer be cautious about?

A) Hidden defects or necessary repairs that may be costly.
B) The aesthetics of the current decor.
C) The seller's reason for selling.
D) The property's location only.

A real estate agent in Makati is negotiating a sale and realizes the buyer has a lower budget than expected. What is a good strategy for the agent?

A) Present alternative properties within the buyer's budget.
B) Dismiss the buyer and focus on higher-budget clients.
C) Try to convince the buyer to exceed their budget.
D) Keep the buyer informed about the market but not assist further.

A developer plans to build a new housing project in Cavite. What community engagement strategy should they consider?

A) Host community meetings to gather feedback and concerns.
B) Ignore community input and proceed with plans.
C) Focus solely on marketing without community involvement.
D) Only engage with local government officials.

A buyer in Cebu wants to purchase a condominium. What should they ensure before signing a contract?

A) That the condo has clear title and complies with local regulations.
B) That the price is the only consideration.
C) That they have only seen online listings.
D) That they ignore homeowner association rules.

A real estate agent is preparing to list a property in Tagaytay. What marketing strategy should they employ to reach potential buyers effectively?

A) Utilize online platforms, social media, and virtual tours.
B) Only rely on traditional newspaper ads.
C) Keep the listing information vague to intrigue buyers.
D) Focus solely on word of mouth.

A homeowner in Manila is considering renting out a room in their house. What is one important step they should take?

A) Check local rental laws and regulations.
B) Rent out the room without informing authorities.
C) Assume they can set any price they want.
D) Neglect to screen potential tenants.

A property owner in Zamboanga is facing challenges with a neighbor who has encroached on their land. What is their best course of action?

A) Consult a lawyer to address the encroachment legally.
B) Confront the neighbor aggressively.
C) Ignore the issue and hope it resolves itself.
D) Build a fence without discussing it with the neighbor.

A buyer is interested in purchasing a property in Baguio. What should they check regarding property taxes before finalizing the deal?

A) Outstanding property tax obligations of the seller.
B) The aesthetic appeal of the neighborhood only.
C) The seller's opinion on taxes.
D) Whether the property is located in a tourist area.

A landlord in Quezon City wants to increase rent for an existing tenant. What must they do to comply with Philippine law?

A) Provide a written notice of the rent increase within the legal timeframe.
B) Increase the rent immediately without notice.
C) Ignore tenant agreements and raise it at any time.
D) Wait for the tenant to agree verbally.

A group of investors in Cebu wants to purchase a commercial property. What should they analyze to ensure a good investment?

A) The potential return on investment and market trends.
B) The aesthetics of the property only.
C) The opinions of non-investors.
D) The property’s history without any future projections.

Result

If you want to improve your score, there are more practice tests available here.