8/19/2019 Reb Notes

1/39

FUNDAMENTALS OF PROPERTY OWNERSHIP

* MACHINERIES AND EQUIPMENTS AS REAL PROPERTY 

• BY OWNER

• WORK CARRIED UPON INSTALLATION

• MEET NEEDS OF BUSINESS• ESSENTIAL

* BUILDING AS PERSONAL PROPERTY 

• STIPULATED IN CONTRACT IN CHATTEL MORTGAGE

• BOUGHT FOR DEMOLITION

* COMMON PROPERTY 

• AGREEMENT NOT TO DIVIDE: UP TO 10 YRS

• DIVISION PROHIBITED BY TESTATOR: UP TO 20 YRS

• ALTERATION MUST BE DECIDED BY ALL, EVEN IF BENEFICIAL IT CAN BE

OPPOSED

* STEWARDSHIP PRINCIPLE- THE CONSTI. PROVIDES THAT PROPERTY OWNERS MUST NOT ONLY USE

 THEIRPROPERTIES FOR THEMSELVES BUT ALSO FOR GEN. WELFARE.

* REGALIAN DOCTRINE NATURAL RESOURCES FOUND ARE PROP. OF THE STATE.* PATRIMONIAL PROP. PUBLIC DOMAIN NOT FIT FOR ITS INTENDED PURPOSE ANDNOT USED FOR

  PUBLIC PURPOSE OF THE STATE.

* PUBLIC DOMINION• OUTSIDE COMMERCE OF MAN

• CANNOT BE AC!. BY PRESCRIPTION

• CANNOT BE REGISTERED

• CANNOT BE BURDENED BY EASEMENT

* LANDS OF PUBLIC DOMINION

• A T M NP

• ALIENABLE: AGRI

• PRIVATE CORP. CAN LEASE AGRI 1000 HA. OF LANDS, 2" YRS RENEWABLE 2"

 YRS. "0 YRS MA#

• FILIPINO CAN LEASE$PURCHASE UP TO 12HA AS HOMESTEAD

* FOREIGNER CAN OWN A HOUSE BUT CAN ONLY LEASE THE LAND* CONDEMNATION VALUE EST. VALUE OF PROP. SUB%ECT TO E#PROPRIATION FORPUBLIC USE

8/19/2019 Reb Notes

2/39

* ATTRIBUTES OF OWNERSHIP (ROMAN LAW)

•  %US UTENDI USE

•  %US ABUTENDI ABUSE

•  %US FRUENDI FRUITS

•  %US POSSEDENDI POSSESS

•  %US DISPONENDI DISPOSE, ENCUMBER

•  %US VINDICANDI - RECOVER

* BP 185: RIGHTS OF BALIKBAYANS

• OWN RESI. LAND &1000 S!M URBAN' &10000 S!M RURAL'

• CAN OWN NUMEROUS LAND PROVIDED WITHIN THE LIMIT

•  TOTAL OWNERSHIP OF A COUPLE SUB%ECT TO LIMITATION

* URBAN LAND – 1 PERSONS PER 1KMSQ

* BASES OF CITI!ENSHIP

•  %US SANGUINIS NATIONALITY OF PARENTS

•  %US SOLI PLACE OF BIRTH

*RA "#$# RESA &(-2)-0)'* RA 81%" – FOREIGN IN&ESTMENT ACT OF 1""1

• FORMER NATURAL-BORN FILIPINO

• CAN OWN: "000 S!M URBAN$ HA RURAL

• UP TO 2 LOTS WITHIN LIMITS• CAN OWN ONLY 1 TYPE

* RA %#5' – FOREIGN IN&ESTORS LEASE ACT• "0 YRS RENEWABLE 2" YRS

• CAN ONLY BE USED FOR ITS INTENDED PURPOSE

* FEE SIMPLE DETERMINABLE HAPPENING OF EVENT REVERTS BACK THE ESTATE TO THE GRANTOR* FEE SIMPLE SUB%ECT TO A SUSE!UENT CONDITION HAPPENING OF AN EVENT

 TERMINATES THE

  RIGHT OVER THE ESTATE* FEE SIMPLE SUB%ECT TO AN E#ECUTORY INTEREST HAPPENING OF AN EVENTPASSES TITLE TO A

 THIRD PERSON* LIFE ESTATE ESTATE+S DURATION BASED ON LIFE OF THE RECEIVER

* TENANCY AT SUFFERANCE TENANCY STARTED BY LEGAL MEANS BUT ENDED W$O %USTIFICATION

8/19/2019 Reb Notes

3/39

* ACCION INTERDICTAL

•  TO RECOVER REAL PROPERTY  DUE TO FORCIBLE ENTRY$UNLAWFUL

DETAINER

• FILED W$IN 1 YR.

* ACCION PUBLICIANA

  RECOVER BETTER RIGHT OF POSSESSION OF A REAL PROPERTY 

• FILED W$IN 10 YRS

* ACCION REIN&INDICATORIA

• RECOVER OWNERSHIP OF REAL PROPERTY 

• FILED AT THE RTC W$IN 10 YRS &ORD. PRES.' OR 0 YRS &E#TRAORD.'

* RULES ON HIDDEN TREASURE

• FINDER IS ENTITLED TO IF

• NOT AN AGENT OR CO-OWNER

• DID NOT USE E!UIPMENTS &BY CHANCE'

• NOT HIRED TO LOOK FOR IT &ENTITLED TO WAGES ONLY'

* KINDS OF ACCESSION

• ACCESSION DISCRETA FRUITS

• ACCESSION CONTINUA

REAL PROPERTY: INDUSTRIAL &BLDG' AND NATURAL &ALLUVIUM'

PERSONAL PROPERTY: ATTACHMENT AND MI#TURE

* LITORAL LAND FORMED IN SEA WATER* ALLUVIUM LAND FORMED IN FRESH WATER DUE TO ACCRETION

  &CAN BE OWNED BY ANOTHER THRU 0 YRS PRES.'* AVULSION SUDDEN TRANSFER OF LAND DUE TO WATER CURRENT

* LAND SURFACED DUE TO NATURAL DECREASE OF WATER IS NOT TO BEPRI&ATELY OWNED

* LAND FORMED DUE TO ACCRETION RIPARIAN OWNER AUTOMATICALLY OWNS ITBUT HAS TO APPLY

  FOR ITS REGISTRATION

* LAND FORMED DUE TO AVULSION THE ORIG. OWNER CAN REACQUIRE HIS

LAND WITHIN 'YRS  ON HIS E#PENSE OR LABOR

* UPROOTED TREES MUST RECOVER W$IN #MOSON HIS E#PENSE

* RECLAIMED LAND CAN BE ONLY OWNED BY THE GOVT UNLESS AUTHORIED

* COOWNERSHIP

• NOT A %URIDICAL PERSON

• CANNOT SUE ON ITS NAME

• CO-OWNERS MUST ACT ON THEIR BEHALF

8/19/2019 Reb Notes

4/39

* VOID MARRIAGE CREATES CO-OWNERSHIP

* ACTS OF PERSERVATION A CO-OWNER MUST NOTIFY OTHERS TO DO SUCH ACTS* ACTS OF ADMINISTRATION MUST BE WITH CONCURRENCE WITH CO-OWNERS* ACTS OF ALTERATION NEEDS CONCURRENCE

* ABNORMAL USUFRUCT NO OBLIGATION TO PRESERVE FORM AND SUBSTANCE* BAD USE OF PROPERTY IN AN USUFRUCT IS NOT A MODE OF E#TINGUISHING IT

* CODICIL ADDITION TO THE WILL MADE AFTER THE E#ECUTION

* COLLATION ADDITION OF VALUE OF ALL DONATIONS MADE INTER VIVOS BY THEDECEDENT

* RECONCILIATION RESUMPTION OF RELATIONSHIP BETWEEN TESTATOR ANDDISINHERITED HEIR

* PRETERITION OR PRETERMISSION OMISSION IN THE TESTATOR+S WILL OF ONEOR ALL OF THE

  COMPULSORY HEIRS

* PROBATE PROCEEDING TO ESTABLISH VALIDITY OF WILL

* PARTITION OF ESTATE IS PROHIBITED

• BY TESTATOR, NOT TO E#CEED ' YRS

  BY COHEIRS, NOT TO E#CEED 1 YRS

• BY LAW

• RENDER IT UNSERVICEABLE

* ANIMUS DOMANDI DONATIVE INTENT* DONATION IS PERFECTED AT THE MOMENT THE DONOR KNOWS ABOUT THEACCEPTANCE OF DONEE

* CLASSES OF EASEMENT

• CONTINUOUS NON-STOP W$O INTERVENTION

• DISCONTINUOUS USED IN INTERVALS$DEPENDS ON ACTS OF MAN

• APPARENT MADE KNOWN

• NON-APPARENT NO E#TERNAL INDICATION OF ITS E#ISTENCE

• POSITIVE SHOULD ALLOW SOMETHING TO BE DONE

•

NEGATIVE SERVIENT SHOULD REFRAIN FROM DOING SOMETHING

* MODES OF ACQUIRING EASEMENTS

• 1 YRS PRESCRIPTION, CONTINUOUS AND APPARENT• DEED OF RECOGNITION

•  TITLE

* DETERMINATION OF INDEMNITY 

8/19/2019 Reb Notes

5/39

• PERMANENT &ALUE OF LAND OCCUPIED AS EASEMENT OR DAMAGECAUSED

•  TEMPORARY BASED ON DAMAGE CAUSED

* EASEMENT OF LIGHT AND &IEW

•

POSITIVE MADE IN THE WALL OF AD%OINING TENEMENT• NEGATIVE MADE IN THE WALL OF DOMINANT ESTATE

* EASEMENT OF ROW AND AQUEDUCT CANNOT BE ACQ THRUPRESCRIPTION (DISCONTINUOUS)

* EASEMENT OF LIGHT 0 S! CM WITH GRATING

* EASEMENT OF &IEW

• DIRECT VIEW 2 M BETWEEN WALLS

• OBLI!UE VIEW NOT LESS THAN (0 CM

* CONSTRUCTI&E TRADITION

• SYMBOLICA

• LONGA MANU

• BREVI MANU VENDEE ALREADY HAS POSSESSION THRU ANOTHER TITLE

LESSEE BOUGHT PROPERTY LEASED

• CONSTITUTUM POSSESSORIUM VENDOR CONTINUES POSSESSION BUT IN

OTHER CAPACITY  SALE AND LEASEBACK BY THE OWNER

* PROPERTY OF THE STATE ACCDG TO UNCLOS – ' NAUTICAL MILES

* BOTH HUSBAND AND WIFE CAN ENGAGE IN ANY LAWFUL ENTERPRISE ORPROFESSION WITHOUT THE CONSENT OF THE OTHER, E#CEPT ON CASES WITHVALID SERIOUS AND MORAL GROUNDS.

* SIGNATURE OF PARENTS ARE NEEDED FOR 18'1 YO TO BE MARRIED

* SEPARATION IN FACT OR SEPARATIONDEFACTO – CESSATION OFCOHABITION

* SALE OR DISPO OF CON%UGAL PROP. WIFE+S CONSENT MUST BE SECURED. IFNOT, THE WIFE MAY!UESTION IT WITHIN 5 YRS THEREFORE,CONSENT OF BOTH IS NEEDED

* ADMINISTRATION OF CON+UGAL PROP

• HUSBAND+S DECISION SHALL PREVAIL &!UESTIONING BY WIFE WITHIN 5

 YRS'

8/19/2019 Reb Notes

6/39

• IF THE OTHER IS INCAPACITATED, THE ABLE PARTNER SHALL PERFORM ACTS

OF ADMIN.BUT NOT AOSD.

* 1"8% CONSTITUTION – MAIN LAW GO&ERNING THE RIGHT TO OWN REALESTATE

* E,PROPRIATION PROCEEDING

• IF THERE+S CONFLICT AS TO AMOUNT OF %UST COMPENSATION

•  THE GOVT IS RE!. TO PAY 15- OF THE AMOUNT OFFERED

•  THE REMAINING MUST BE DEPOSITED IN THE BANK 

* RES ALICU%US OWNED BY PERSON* RES ALIENAE BELONGS TO ANOTHER* RES COMMUNES OWNED BY NOBODY, CAN BE USED BY EVERYBODY

* RESCISSION – IF THE TOTAL AREA IN THE CONTRACT IS SMALLER THAN

THE ACTUAL PRO&IDED THE  DIFFERENCE IS NOT LESS THAN 1-

* ABANDONMENT VOLUNTARY RENUNCIATION OF ALL RIGHTS THERBY ALLOWING THIRD PERSON TO AC!UIRE SUCH PROPERTY* ASSIGNMENT TRANSMISSION OF RIGHTS THRU LEGAL MEANS

* LACHES FAILURE OR NEGLECT TO E,ERCISE DUE DILIGENCE IN ANUNE#PLAINED LENGTH OF TIME

* ACTS IN STATE OF NECESSITY THE OWNER OF A PROPERTY CANNOT PROHIBIT THE INTERFERENCE OF OTHERS TO AVOID GRAVE DANGER. THE OWNER CAN

INDEMNIFY HIMSELF.

* DOCTRINE OF SELF-HELP THE RIGHT OF THE OWNER TO E#CLUDE OTHERS FROM THE EN%OYMENT AND DISPOSAPLE OF HIS PROPERTY. HE MAY USE REASONABLEFORCE TO PREVENT INVASION OR USURPATION OF HIS PROPERTY.

* PATRIMONIAL PROPERTY STATE OWNED IN A PRIVATE OR PROPRIETARY CAPACITY

* PERSONAL RIGHT RIGHT TO DEMAND OTHER TO DO OR NOT TO DO

*IN CASE OF SEVERAL CLAIMANTS OF A PROPERTY WE MUST FIRST DETERMINE THEACTUAL AND PRESENT POSSESOR TO KNOW WHO THE RIGHTFUL OWNER

CODE OF ETHICS AND RESPONSIBILITIES

*DUTIES AND RESPONSIBILITIES OF RE PRACTITIONERS TO THE:

• CLIENTS

• GOVERNMENT

• PUBLIC

8/19/2019 Reb Notes

7/39

• COLLEAGUES

• AIPO: PHILRES

*SEC. OF RA )(( THE ACCREDITED AND INTEGRATED ASSOCIATION OF RESP/ARE ASSOCIATION OF NATURAL PERSONS

* PROFESSIONAL FEES MUST NOT BE LOWER THAN THE TARIFF OF PROF. FEESAPPROVED BY PHILRES

* NOT TO USE SERVICES OF ANOTHER PRACTITIONER+S SALESPERSON OREMPLOYEES WITHOUT ITS CONSENT

* E#HAUST FIRST ALL POSSIBLE REMEDIES AVAILABLE AT PHILRES BEFORE TAKING %UDICIAL OR !UASI-%UDICIAL ACTIONS

* ANY FORM OF ELECTIONEERING SHALL DIS!UALIFY THE CANDIDATE FOR ANYPOSITION

* REAL ESTATE BROKERS MUST:

 

AGREEMENTS, STIPULATIONS, CONDITIONS IN WRITING

• NOT ADVERTISE ANY LISTING WITHOUT WRITTEN AUTHORITY FROM CLIENT

  NOT PUT SIGNAGE ON A PROPERTY IF NOT AUTHORIED IN WRITING

* REAL ESTATE PROF SHOULD INDICATE IN SIGNED DOCS LETTERHEAD.ADS

• LICENSE NO.

• PROF. ID NO.

• PTR NO.

• AIPO NO.

• ISSUANCE AND VALIDITY DATES

* SIGN/BILLBOARDS. DRY SEAL: ONLY LICENSE NO

* NOT TO AD&ERTISE ACHIE&EMENTS E,CEPT ON:

• EMPLOYMENT

• AUTHORSHIP

• REPORTS AND STUDIES

• LECTURE PAPERS

* MAINTENANCE OF WEBSITE IS NOT ADVERTISING

* PRBRES – HAS THE POWER TO ADOPT COE PREPARED BY PHILRES

* CODE OF ETHICS FOR RESP – FROM REAL ESTATEBROKERAGE LAW (CA '%'8)

* REAL ESTATE SERVICE PRACTICE IS NOT A BUSINESS UNDERTAKING WITH ANE#PECTATION OF PROFIT

8/19/2019 Reb Notes

8/39

* SANCTIONSA. VIOLATION OF CODE

• 1ST OFFENSE WARNING

• 2ND OFFENSE 2 MOS. PHILRES SUSPENSION

• RD OFFENSE MOS. PHILRES SUSPENSION

•  TH OFFENSE PRC AND PRBRES SUSPENSION• " TH OFFENSE$HABITUALITY PRC AND PRBRES CANCELLATION

B. VIOLATION OF RESA AND ITS IRR• 1ST OFFENSE MOS PHILRES SUSPENSION

• 2ND OFFENSE – PRC AND PRBRES SUSPENSION

• RD OFFENSE$HABITUALITY PRC AND PRBRES CANCELLATION

REAL ESTATE TA,ATION* APPRAISAL DETERMINATION OF VALUE OF LAND OF SPECIFIC USE AND SPECIFIC

 TIME

* ASSESSMENT DETERMINATION OF VALUE OF LAND FOR TA#ATION PURPOSES

* SPECIAL LEVY ON LANDS THE SANGGUNIAN MUST CONDUCT PUBLIC HEARINGAND NOTIFY AFFECTED LANDOWNERS

* PAYMENT OF SPECIAL ASSESMENT:

• NOT TO E#CEED (0 OF COST OF AC! OF LAND AND IMPROVEMENT

• MAY BE PAID IN INSTALLMENT, " 10 YRS.

* DECLARATION OF VALUE OF REAL PROPERTY WITHIN (0 DAYS FROM AC!UISITION* FAILURE TO DECLARE WITHIN (0 DAYS THE PROVINCE$CITY$MUNICIPALITY SHALLASSESS* PROTEST OF ASSESSMENT (0 DAYS FROM RECEIPT OF ASSESSMENT

* LBAA

• CHAIR: ROD

• MEMBERS: ENGR. OR AUDITOR

* FAILURE TO PAY RPT

• 2 INT. FOR EVERY MONTH, BASED ON DELIN!UENT TA#ES

8/19/2019 Reb Notes

9/39

• NOT TO E#CEED ( MOS OR 2

* RPT AND SEF ARE PAID IN ADVANCE, THE SANGGUNIAN MAY GRANT UP TO 20DISCOUNT ANNUALLY

* RPT COLLECTION

• WITHIN " YRS FROM DUE DATE

• WITH FRAUD OR INTENT TO EVADE PAYMENT, WITHIN 10 YRS

* DELIN!UENT REAL PROPERTIES

• AFTER SALE BUT BEFORE REDEMPTION &1YR' THE DELIN!UENT OWNER

SHALL ONLY HAVE USUFRUCTUARY RIGHTS OF THE PROPERTY

* ASSESSORS: REVISION OF RP ASSESSMENT EVERY YRS

* PAYMENT OF TRANSFER TA# IS RE!. BY:

• ROD BEFORE REGISTERING TRANSFER

• ASSESSORS OFFICE BEFORE CANCELLATION OF OLD TD AND ISSUANCE OFNEW TD

* EDUCATIONAL INSTITUTIONS ARE E#EMPT FROM RPT BUT NOT FROM RET&CGT,ET,DT,DST,VAT'

* CGT TA# ON PRESUMED PROFIT REALIED IN S,E,D OF CAPITAL ASSETS

* STOCKS SOLD AT LI!UIDATION UPON DEATH OF HOLDER SHALL BE CONSIDEREDCAPITAL ASSET

* TRANSACTIONS NOT SUB%ECT TO CGT:• SALE TO GOVT & IF INCOME TA# OPTION WAS CHOSEN'

• SALE OF FAMILY HOME

• SALE UNDER SOCIALIED HOUSING

• E#EMPT UNDER SPECIAL LAWS

• DONATIONS

• UNDER CARP

• PARTITION AMONG HEIRS

* SALE OR DISPOSITION TO GOVT OF REAL PROPERTY UNDER CGT OR INCOME TA#AT SELLER+S OPTION

* CONDITIONS TO E#EMPT FROM CGT IN THE SALE OF FAMILY HOME1. SWORN STATEMENT &W$IN 0 DAYS' THAT FULL PROCEEDS SHALL BE USED

 TO AC!UIRE NEW FAMILY HOME WITHIN 1 MOS.2. BRGY CERTIFICATION THAT PROPERTY SOLD IS THE FAMILY HOME. CAN BE AVAILED ONCE IN 10 YRS. UNUTILIED PROCEEDS:

• SUB%ECT TO CGT 3

8/19/2019 Reb Notes

10/39

• 20 INTEREST 3

• 2" SURCHARGE 3

• COMPROMISE TA#

* PAYMENT OF CGT:

•

RDO WHERE THE PROPERTY IS REGISTERED• WITHIN 0 DAYS FROM NOTARIATION OF DEED OF SALE

• LATE PAYMENT: 20 INT, 2" PENALTY, COMPRO TA#

* SALE WITH 2" OR MORE DOWNPAYMENT IS CONSIDERED CASH SALE THEREFORE FULL CGT IS DUE

* DST IS AM E#CISE TA#

* IF A PARTY TO A TA#ABLE DOCUMENT IS E#EMPT, THE OTHER SHALL SHOULDER THE PAYMENT OF DST

* SALE UNDER DEFERRED PAYMENT DST SHALL ACCRUE AT E#ECUTION OF DEEDOF ABSOLUTE SALE

* DST ON SALE OF RP IS DUE AFTER WITHIN " DAYS AFTER END OF MONTH OFFILING SUCH DOCUMENT

* DST ON TRANS OTHER THAN SALE OF RP IS DUE AFTER 10 DAYS AFTER END OFMONTH OF FILING SUCH DOCUMENT

* LIABLE OF DST ISSUER AND TO WHOM THE DOC IS ISSUED

* DOCUMENTS NOT SUB%ECT TO DST:

• DEED OF DONATION &NOTARY IS SUB% TO DST'

• LOAN AGREEMENTS BELOW P2"0 000

• DOCUMENTS WITH TRANS WITH BSP

* EFFECTIVITY OF 12 VAT FEB. 1, 200(

* INITIAL PAYMENT:

•

RECEIVED ON OR BEFORE E#ECUTION OF DEED OF SALE• RECEIVED OR E#PECTED TO BE AT THE YEAR OF SALE

* INSTALLMENT PLANS WITH NMT 2" INITIAL PAYMENT SUB% TO VAT ON ITSINSTALLMENT PAYMENTS INCLUDING INTEREST AND CHARGES

* IF GSP IS BASED ON V OR FMV, IT IS VAT INCLUSIVE* IF VAT IS NOT SEPARATELY STATED, GSP IN SALES DOC IS VAT INCLUSIVE

8/19/2019 Reb Notes

11/39

* LOW-COST HOUSING FOR HOMELESS, LOW INCOME FAMILIES

• BY DEVELOPERS REG UNDER PD )" AND BP 220

• SELLING PRICE CEILING OF P"0 000

* SOCIALIED HOUSING - FOR UNDERPRIVILEGED AND HOMELESS CITIENS

• BY DEVELOPERS UNDER UDHA OF 1))2

• SELLING PRICE CEILING OF P00 000

* WITHHOLDING TA# TA# DUE ON SALE OF ORDINARY ASSETS* FILING IS ON THE 10 TH DAY FF THE MONTH OF TRANSACTION

* HLURB REGISTRATION SHALL RENDER THE SELLER AS HABITUALLY ENGAGED INREAL ESTATE BUSINESS

* WITHHOLDING TA, RATES• HABITUALLY ENGAGED ENGAGED IN SOCIALIED HOUSING H4L NMT P"0K

&0'

• HABITUALLY ENGAGED - SALE OF H4L

I. NMT P"0K &1."'II. P"0K P2M &'III. MT P2M &"'

• NOT HABITUALLY ENGAGED &('

* E#PANDED WITHHOLDING TA# RATES &PROFESSIONALS AND RENTALS'

• REAL ESTATE PROF &10'

• CONSULTANTS,CPA,LAWYERS,PRC PROF

I. GI NMT P20K &10'II. GI MT 020K &1"'

• RENTALS &PERSONAL OR REAL' &"'

* TA# E#EMPTIONS OR INCENTIVES OF DEVELOPERS IN SOCIALIED HOUSING

• CGT ON SALE OF LAND

•  TRANSFER TA# ON SALE OF LAND AND INVTY

• PRO%ECTED INCOME TA#

•  TA# ON DONATED LAND

* DOWRIES TO BE AN ALLOWABLE DEDUCTION

•

GIVEN 1 YR BEFORE OR AFTER CELEBRATION• DONATED BY PARENTS

• DONEE IS CHILD &LEGI,ILLEGI'

• P10 000

* FILING OF DT RETURN SEPARATELY BY H4W WITHIN 0 DAYS FROM DONATION

* ESTATE TA# RULE

8/19/2019 Reb Notes

12/39

•  TA# BASE$PROPERTY VALUE IS WHICHEVER IS HIGHER

• ALLOWABLE DEDUCTION IS WHICHEVER IS LOWER

* FAMILY HOME VALUE &WHICHEVER IS HIGHER' INCLUDED IN GROSS ESTATE WHILEFAMILY HOME VALUE &WHICHEVER IS LOWER, MA# OF P1M' INCLUDED ASALLOWABLE DEDUCTION

* NOTICE OF DEATH TO THE BIR WITHIN 2 MOS* ESTATE TA# RETURN FILING WITHIN ( MOS, E#T NOT TO E#CEED 0 DAYS MAYBEGRANTED BY BIR

CONTRACTS.SALES.MORTGAGE ANDLEASE

* RIGHT TO REPURCHASE MUST BE IN THE SAME DEED OF SALE. IF IN A SEPARATEINSTRUMENT, IT IS A MERE PROMISE TO SELL

* ACCION !UANTI MINORIS AN ACTION TO RETURN PART OF THE PRICE TO THEVENDEE DUE TO DEFECT OF THE PROPERTY SOLD

* E#CLUSIVE PROPERTIES IS NOT RE!UIRED TO HAVE 5WIFE MARRIED TO HUSBAND6IN A DEED OF SALE TITLE

* MORT&DEAD', GAGE&PLEDGE' DEAD OR UNPRODUCTIVE PLEDGE

8/19/2019 Reb Notes

13/39

* REGISTRATION IN THE REGISTRY OF PROPERTY IS NOT NECESSARY IN A REALESTATE MORTGAGE.

* PACTA NON ALIENADO STIPULATION IN REM PROHIBITIONG THE MORTGAGORFROM ALIENATING THE MORT PROPERTY

* ANTICHRESIS A CONTRACT WHERE A PROPERTY IS HYPHOTECATED TO BORROWMONEY AND TO RECEIVE FRUITS AND RIGHT TO USUFRUCT

* AUTOMATIC REDEMPTION CLAUSE

• IN A BLANKET MORTGAGE THE PROPERTY IS RELEASED E!UAL TO THE

 TOTAL PAYMENTS MADE

• NORMAL MORTGAGE PROPERTY IS RELEASED UPON FULL PAYMENT

* DEFEASANCE CLAUSE PROVISION WHERE THE PROPERTY REVERTS BACK TOMORTGAGOR UPON COMPLETION OF PAYMENTS

* UP SET PRICE OR TIPO STIPULATION SETTING THE LOWEST PRICE IN CASE OFFORECLOSURE OF PROPERTY MORTGAGED, IT IS A VOID STIPULATION

* UNREGISTERED MORTGAGE BINDING ONLY TO MORTGAGOR AND MORTGAGEE

* DEFICIENCY %UDGMENT %UDGMENT FOR THE MORTGAGOR TO PAY THEDEFICIENCY OF PROCEEDS FROM FORECLOSURE TO COVER THE OBLIGATION

* E#TRA%UDICIAL FORECLOSURE APPLIED BY THE MORTGAGEE AND PERFORMEDBY THE SHERIFF* %UDICIAL FORECLOSURE A COMPLAINT IS FILED BY MORTGAGEE IN THE COURTWHEREBY OBLIGATING THE MORTGAGOR TO PAY DEBT WITHIN )0 DAYS AND IN THE

FAILURE, THE PROPERTY IS AUCTIONED

* 10 YRS PRESCRIPTION OF RIGHT TO FORECLOSE

* RIGHT OF REDEMPTION 1 YR FROM REGISTRATION OF AUCTION SALE

* E!UITY OF REDEMPTION RIGHT TO REDEEM AFTER DEFAULT BUT BEFOREFORECLOSURE SALE

* MORTGAGED PROPERTY AUCTIONED THROUGH %UDICIAL FORECLOSURE CANNOTBE REDEEMED E#CEPT IF THE MORTGAGOR IS A BANK 

* RA )(" THE RENT CONTROL ACT OF 200)• APPROVED: %ULY 1, 200)

• EFFECTIVE: SEPT. 0, 200)

* THE LESSEE CANNOT ASSIGN HIS RIGHT TO LEASE TO A THIRD PERSON WITHOUT THE WRITTEN CONSENT OF THE LESSOR UNLESS IT IS STATED IN THE CONTRACT OFLEASE

* LIMITATIONS UNDER RA )("

8/19/2019 Reb Notes

14/39

• NO RENTAL INCREASE WITHIN 1 YR FROM THE EFFECTIVITY

• AFTER 1 YR FROM EFFECTIVITY TO DEC 1, 201 RATE CANNOT INCREASE

MORE THAN

• RENTAL INCREASE SHALL NOT BE MORE THAN ONCE A YR FOR STUDENTS

* HUDCC HOUSING AND URBAN DEVT COORDINATING COUNCIL

* RENT SHALL BE PAID WITHIN " DAYS FROM THE START OF THE MONTH OR FROM THE START OF LEASE UNLESS THE CONTRACT PROVIDES OTHER DATE FOR PAYMENT

* LESSOR CANNOT DEMAND MORE THAN 1 MONTH ADVANCE AND 2 MONTHSDEPOSIT WHICH SHALL BE KEPT IN A DEPOSIT, THE INTEREST SHALL BE RETURNED

 TO THE LESSEE UPON E#PIRATION OF LEASE TERM OR WILL BE FORFEITED &DEPOSIT3 INTEREST' IN FAVOR OF THE LESSOR IF THERE+S FAILURE TO PAY RENT ANDOTHER BILLS

* NO LESSOR CAN E%ECT THE LESSEE IF HE SOLD THE LEASED PROPERTY TO A

 THIRD PERSON MAY IT BE A REGISTERED OR NOT.

* FIRST PREFERENCE RULE ONLY APPLIES TO E%ECTION BECAUSE OF REPAIRSMADE TO THE LEASED PROPERTY, IF THE PROPERTY WAS TOTALLY DEMOLISHED THEE%ECTED LESSEE HAS NO FIRST PREFERENCE

* PENALTIES IN VIOLATING RA )("

• P2"000 P"0000

• IMPRISONMENT: 1MO. AND 1 DAY ( MOS

• OR BOTH

* RENT TO OWN SCHEME NO LIMIT AS TO INCREASE IN MONTHLY DUES

* VALID CONTRACT OF LEASE HAS MEETING OF MINDS, WRITTEN OR NOT

* ECONOMIC RENT REVENUE GENERATED FROM USE OF LAND

* TACITA RECONDUCCION IMPLIED RENEWAL OF LEASE AFTER E#PIRATION, IF THELESSEE CONTINUES TO OCCUPY THE PROPERTY FOR ATLEAST 1" DAYS

* VALUE IN E#CHANGE VALUE OF AN OB%ECT RELATIVE TO OTHER OB%ECTS WHICHIT COULD BE E#CHANGED

* THE LESSEE MAY SUBLEASE TO THIRD PERSONS WITHOUT WRITTEN CONSENT

FROM THE LESSOR PROVIDED IT IS NOT E#PRESSLY PROHIBITED IN THE CONTRACT

* IN SALE A RETRO WHERE THE REPURCHASE DEPENDS ON 5THE MEANS6 OF THESELLER, HE CAN RECOVER IT WITHIN 10 YRS

* LEASE FEE ESTATE PROPERTY LEASED SHALL REVERT BACK TO THE LESSOR ATEND OF TERM

8/19/2019 Reb Notes

15/39

* OPEN MORTGAGE CAN BE PAID OFF ANYTIME BEFORE MATURITY

* LEGAL REDEMPTION THE RIGHT TO BE SUBROGATED UNDER SAME RIGHTS AND TERMS BY THE ONE WHO AC!UIRES UNDER ONEROUS TITLE

SUBDI&ISION DE&ELOPMENT ANDMACEDA LAW

*PD "5% OF 1"%#  SUBD AND CONDO BUYER+S

PROTECTIVE DECREE*BP ''  ECONOMIC AND SOCIALIED HOUSING*RA %'%"  URBAN DEVT AND HOUSING ACT*PD 1'1# OPEN SPACES FOR RESI SUBD*RA #55'  MACEDA LAW$REALTY INSTALLMENT BUYERPROTECTION ACT

  - AUG. 2(, 1)2

*THE BUYER CAN REFUSE TO PAY FURTHER INSTALLMENTS IF THE DEVELOPERFAILED TO DEVELOP THE SUBDIVISION AND IT CANNOT FORFEIT THE PAIDINSTALLMENTS

*TOTAL PAYMENTS MADE "00000ADD: INT PAID 20000  LEGAL INT 10000LESS: PENALTY &10000'

 TOTAL AMT TO BE REFUNDED 0000

*POWERS OF HUDCC ARE PARTIALLY DEVOLVED TO THE LGU/

*AMENITIES TANGIBLE AND INTANGIBLE FEATURES THAT ADD VALUE TO THE SUBD

*MASTER PLAN LONG TERM PHYSICAL DEVELOPMENT PLAN FOR SUBD

*UTILITIES BASIC SERVICE SYSTEM &TELEPHONE, ELEC, WATER, GAS'

*UTILITY EASEMENT GROSS EASEMENTS RUNNING ABOVE OR UNDER THEPROPERTY

8/19/2019 Reb Notes

16/39

*PLANS DRAWINGS REGARDING THE DEVELOPMENT

*SIMPLE SUBD DOESN+T NEED A ROAD OR AN OPEN SPACE ALLOCATION

*CLASSES OF SUBD &CARIRI':

• RESIDENTIAL• INDUSTRIAL

• COMMERCIAL

• AGRICULTURAL OR FARM

• INSTITUTIONAL

• RESORT OR RECREATIONAL

*LAND ALLOC. OF SUBD 0 SALEABLE, 0 FOR P4P,COMMUNITYFACILITIES,CIRCULATION SYSTEM

*SUBDIVISION APPROVAL BY LGU, LICENSE TO SELL ISSUED BY HLURB

*CONDOMINIUM APPROVAL AND LICENSE TO SELL ISSUED BY HLURB

*A DEVELOPER THAT WILL SELL LOTS FROM HIS PRO%ECT MUST REGISTER AS REALESTATE DEALER FROM HLURB

*APPROVED DEVELOPMENT PERMIT IS VALID FOR YEARS

*LOW DENSITY SUBD LARGE PARCELS WITH FEWER LOTS

*EO )0 CREATED HUDCC*EO 1 DEVOLUTION TO LGU*EO 2 HLURB AS SOLE REGULATORY BODY FOR LAND USE AND HOUSING DEVT

*THE BUYER WILL BE LIABLE TO REALTY TA# ON THE YEAR FF THE YEAR OFPURCHASE

*HLURB REGISTRATION E#PIRES EVERY END OF YEAR, RENEWAL IN THE SECONDMONTH OF THE FF YR

*ACCEPTANCE OF RESERVATION DEPOSITS LICENSE TO SELL MUST FIRST BESECURED

*ROADS, ALLEYS, SIDEWALKS AND PLAYGROUNDS SHALL BE DONATED TO THELGU OR TO THE HOMEOWNERS+ ASSOC. WITH LGU CONSENT

*OWNER OR DEVELOPER IS RE! TO SECURE A PERFORMANCE BOND APPROVED BYHLURB TO GUARANTEE THE DEVELOPMENT

*IN THE NEGOTIATION OF SALE OF SUBD OR CONDO, THE REB SHALL ACT AS ONEOF THE WITNESSES INDICATING HIS LICENSE NO. AND E#PIRY DATE

8/19/2019 Reb Notes

17/39

8/19/2019 Reb Notes

18/39

• ECONOMIC HOUSING &BP 220'

LOW COST LVL 1B "0K TO "0K 

LOW COST LVL 2 "1K TO 1.2"0M

LOW COST LVL 1.2"1M TO M

• MEDIUM COST &PD )"' - OVER M TO M

• OPEN MARKET - OVER M

*THE PRICE OF SALEABLE LOTS SHALL NOT E#CEED 0 OF THE TOTAL PRICE OFH4L

*DUPLE#$SINGLE ATTACHED 2 OR MORE UNITS SEPARATED BY PARTY WALL*ROW HOUSE OR MORE WITH COMMON WALLS

MA# NO. OF RH IS 20 UNITS NOT TO E#CEED 1007*MA# LENGTH OF SUBD BLOCKS SHALL NOT E#CEED 007 WITH ALLEY FOR EVERY

2"07

*TRAFFIC IMPACT ASSESSMENT FOR SUBD WITH 0 HAS AND ABOVE

*NHA FOR HOMELESS LOW INCOME FAMILIES

*PROCESSING AND APPROVAL OF SUBD PLAN 0 DAYS

*SUB-BASE THE LOWEST PART OF A STRUCTURE

*CERT OF REGISTRATION BY HLURB TO BE SECURED BY DEVELOPERS OF SUBD &IFVIOLATED,10K FINE'

*SUBD PHASES NOT TO BE LESS THAN 10HAS EACH

*S!UARE PLANNING PLAN FOR A FLAT TERRAIN

*LUP A NATIONAL APPROACH OF ALLOC OF LAND TO DIFF USER GROUPS

*VIOLATION OF PD )" FINE NMT 20K AND IMPRISONMENT OF NMT 10YRS*VIOLATION OF MAGNA CARTA FOR HOMEOWNERS AND HO ASSOC FINE OF "-"0K 

*1"0 L PER CAPITA DEEP WELL RESERVE PER DAY

*DISSOLUTION OF HOMEOWNERS ASSOC 2$ VOTES*REMOVAL OF DIRECTOR SIMPLE MA%ORITY

*ECONOMIC HOUSING FOR AVERAGE NCOME FAMILIES*SOCIALIED FOR UNDERPRIVILEGED AND HOMELESS

*SHELL HOUSES MINIMUM HABITABLE DWELLING*MULTI-FAMILY DWELLING DWELLING IN 1 LOT WITH OR MORE FAMILIES

8/19/2019 Reb Notes

19/39

*PURPOSE OF UDHA

• UPLIFT CONDITIONS OF UNDERPRIVILEGED AND HOMELESS

• COST IS P00K MA#

• DEVELOPERS ARE RE!UIRED TO DEVELOP 20 OF THE PRO%ECT FOR

SOCIALIED HOUSING OR LAND E!UIVALENT TO 20 OF E#ISTING SUBD

PRO%ECTS

*URBANIED LANDS WITH PROVINCIAL CHARACTERISTICS BUT WITH METROPOLSUTILITIES AND WITH HIGH PROBABILITY OF BECOMING AN URBAN LAND IN "-10 YRS

*RIGHT OF FIRST REFUSAL TENANTS OF LAND HAS THE PREFERENCE IF THELEASED LAND IS BEING SOLD AND LOCATED IN AN URBAN LAND REFORM AREA,LESSEE FOR ATLEAST 10 YRS AND CONSTRUCTED HIS OWN HOUSE

*DEVELOPMENT RIGHTS OR NEW USE RIGHTS RIGHT TO USE AND DEVELOP LAND

*APPROVED PRELIMINARY MEMORIAL PARK PLAN VALID FOR 10 DAYS

*FINAL MEMORIAL PARK PLAN VALID FOR YRS

*REFUND OF CSV IN MACEDA LAW "0 OF THE FIRST " YRS OF PAYMENT PLUS "FOR EVERY YEAR PAID UPTO )0 OF TOTAL PAYMENTS MADE

*NHA AGENCY RESPONSIBLE FOR HOUSING PROGRAM

*HUDCC RESPONSIBLE FOR NATIONAL SHELTER PROGRAM

*A REAL ESTATE DEVELOPER WHO WILL SELL HIS OWN PROPERTY SHALL REGISTERAS R.E. DEALER

*ECONOMIC HOUSING FOR AVERAGE INCOME EARNERS

*RA 2) &UDHA' COVERS LAND FOR PRIORITY DEVELOPMENT SITE

*RA 2( CONDOMINIUM LAW

8/19/2019 Reb Notes

20/39

CONDOMINIUM

CONCEPTS*RA 2( CONDO ACT*DO% OPINION 1" A 100 FOREIGN OWNED CONDO WITH FOREIGN CONDO CORPCAN PUT UP A CONDO PRO%ECT ON A RENTED LAND FOR NMT 10 YRS

MINIMUM FLOOR AREAS

• SINGLE OCCUPANCY

1 S!M

12 S!M STUDENTS$EMPLOYEES$WORKERS IN HIGHLY URBANIED

AREAS

• FAMILY DWELLING ( S!M FAMILY

22 S!M OPEN AND MED COST CONDO

*PRELIMINARY CONDO DEVT PLAN 10 DAYS

*APPROVED CONDO PERMIT YRS

*CONDO PRO%ECT MUST BE COMPLETED WITHIN 1 YR FROM ISSUANCE OF LICENSE TO SELL E#CEPT ON REASONS: FORTITOUS EVENT, LEGAL ORDER, OTHERS

*SELLER OF SUBD AND CONDO PACKAGES MUST REGISTER IN ROD OF CITY ORMUNICIPALITY WITHIN 10 DAYS FROM E#ECUTION OF SALE OR CONVEYANCE

*RIGHTS OF CONDO OWNERS ABSOLUTE OWNERSHIP ON THE UNIT AND CO-OWNERSHIP ON LAND AND COMMON AREAS

*DISPOSITION OF COMMON AREAS RE!UIRES SIMPLE MA%ORITY VOTES OF ALLUNIT OWNERS

*CONDO CORP CANNOT DISPOSE COMMON AREAS W$O APPROVAL OF ALL UNITOWNERS

*COMMON FACILITIES FACILITIES AND STRUCTURES INTENDED TO SERVE COMMONNEEDS &SCHOOLS,CHURCH,HOSPITAL,BRGY CENTER'

*COMMON AREAS SHARING

• E!UALLY

• PROVISION: BASED ON VALUE OR ON AREA

*WALLS BET CONDO UNITS COMMON ELEMENTS

8/19/2019 Reb Notes

21/39

*CONFLICT BET AOI AND MASTER DEED, THE MD SHALL PREVAIL

*AMENDMENTS AND REVOCATIONS OF MASTER DEED

• INSTRUMENT E#ECUTED BY SIMPLE MA%ORITY OF UNIT OWNERS

• PURELY RESIDENTIAL CONDO: PER UNIT OF OWNERSHIP BASIS

• MI#ED USE CONDO: PER FLOOR AREA OWNERSHIP BASIS

• DECIDED AMENDMENTS AND REVOCATIONS MUST BE SUBMITTED TO HLURBBEFORE REGISTRATION

*CLAPBOARD WOOD SIDING IN A CONDO PRO%ECT OR CONSTRUCTION PRO%ECTS

*%OINT VENTURE LANDOWNER AND DEVELOPER

*NON-LIABILITY CLAUSE A PROVISION IN THE CONTRACT WITH BUYERS THATHOLDS THE LANDOWNER FREE FROM LIABILITY IN FAILURE OF THE DEVELOPER TO

DEVELOP THE LAND

*SHARING BET LO AND DEV PRO-RATED OF PROCEEDS OF SALES OR ALLOC OFDEVELOPED LOTS$UNIT

REAL ESTATE IN&ESTMENT TRUST

(REIT)

*RA "85#  REAL ESTATE INVESTMENT TRUST ACTOF 200)

*REIT STOCK CORPO FOR OWNING OF INCOME-GENERATING RE ASSETS

*ASSOCIATE RELATIVE WITHIN  TH DEGREE OF CONSANGUINITY AND AFFINITYWITH DIRECT OR INDIRECT INTEREST OF 2" OR MORE

*PRINCIPAL STOCKHOLDER OWNS MORE THAN 10 OF ANY CLASS OF SHARE

*PUBLIC SHAREHOLDER OWNER OF PUBLICLY TRADED REIT SHARES

*DEPOSITED PROPERTY MARKET VALUE OF ALL PROPERTIES HELD BY THE REIT

*CONSTITUTIVE DOCS AOI3BY LAWS

8/19/2019 Reb Notes

22/39

*MANAGED FUNDS FUNDS SOLICITED FROM INVESTING PUBLIC AND POOLED FORINVESTING SECURITIES

*FUND MANAGER ENGAGED BY REIT TO PERFORM CERTAIN FUNCTIONS

*INDEPENDENT DIRECTOR ATLEAST 1$ OF TOTAL NO. OF DIRECTORS OR TWO

&W$C EVER IS HIGHER'

*INVESTMENT FUNDS$INVESTIBLE FUNDS FUNDS OF REIT THAT CAN BE PLACED INAN INVESTMENT VEHICLE

*INVESTOR SECURITIES STOCKS ISSUED BY THE REIT

*MATERIAL CONTRACT

• " OR MORE OF THE TOTAL DEPOSITED PROPERTY &ORDINARY COURSE OF

BUSINESS'

• ALL CONTRACTS ENTERED &NOT IN ORDINARY COURSE'

•

REGARDLESS OF AMOUNT: AGREEMENT BETWEEN REIT AND FUNDMGR$PROPERTY MGR$SHAREHOLDERS

• DISPOSITION OF REAL ESTATE

• INVESTMENT CONTRACTS

•  %V,MERGER,CONSO

*NET ASSETS VALUE &NAV' FMV OF ASSETS LESS LIAB

*CONTROL MT "0 &PARENT AND SUBSIDIARIES'

*PROPERTY VALUER INDEPENDENT ENTITY ENGAGED FOR CONSEC. YRS, WITH  YRS CURING PERIOD

*PROPERTY MANAGER ADMIN OF RP ENGAGED BY REIT

*SPONSOR$PROMOTER CONTRIBUTES TO ESTABLISH A REIT

*SYNTHETIC INVESTMENT PRODUCTS DERIVATIVES AND OTHER SECU CREATEDFROM A FINANCIAL INSTRUMENT TO SIMULATE RETURNS OF AN ASSET&WARRANTS,OPTIONS,DERIVATIVES'

*TA#ABLE NET INCOME 9 GI-AD-DIV

*DISTRIBUTABLE INCOME NET INCOME AD%USTED FOR UNREALIED GAINS AND

LOSSES

*DIVIDEND DIST OF REIT ANNUALLY FOR ATLEAST )0 OF DIST.INCOME

*SALARY OF FUND AND PROP MGR NMT 1 OF NAV UNDER THEIR RESPECTIVEMANAGEMENT

*REIT SHALL HAVE MIN. PAID UP CAP OF P00M AT INCORPO &CASH AND PROP'

8/19/2019 Reb Notes

23/39

*MIN. PUBLIC OWNERSHIP OF REIT ATLEAST 1000 PUBLIC SHAREHOLDERS WITHATLEAST "0 SHARES OF ANY CLASS OWNED &1$ OF TOTAL OUTS. CAP STOCK'

*E#ECUTIVE COMPENSATION COMP OF ALL DIRECTORS AND PRINCIPAL OFFICERSOF NMT 10 OF NET INCOME BEFORE CORPO TA#

*REIT MAY INVEST IN INCOME GENERATING RE LOCATED OUTSIDE PH PROVIDED ITWILL NOT E#CEED 0 OF TOTAL DEPOSITED PROPERTY AND AUTHORIED BY SEC

*TOTAL BORROWINGS OR DEF PAYMENTS OF REIT SHOULD NOT E#CEED " OFDEPOSITED PROP

*PROPERTY VALUATION BY PROP VALUER &LICENSED REA' ATLEAST ONCE A YEAR

*TA#ES DUE FROM REIT

• INCOME TA# &NOT UNDER MCIT'

• CREDITABLE WH TA# &1'

•  TRANSFER TA# &"0 OF DST'

• DIVIDENDS PAID

• VAT ON GR

*ORGANIATION OF REIT MIN AUTHORIED CAP STOCK IS P.0B*MIN AUTH CAP STOCK OF FUND MGR - P1.(0B, MIN PAID UP CAP IS P100M

*MIN PAID UP CAP P00M*MIN PUBLIC OWNERSHIP 1000 SHAREHOLDERS WITH "0 OR MORE SHARES HELD*MIN OWNED SHARES 1$ OF OUTSTANDING CAP STOCK 

*E#. AUTH CAP STOCK IS P10B, SUBS CAP STOCK MUST BE P2."B &2"', PAID UPP(2"M &2"'.

GEOGRAPHIC INFORMATIONSYSTEM

*DIGITATION A METHOD OF DATA CREATION WHERE A HARD COPY &MAP ORSURVEY PLAN' IS TRANSFERRED INTO A DIGITAL MEDIUM THRU CAD.

*HEADS UP DIGITATION TRACING GEO DATA FROM THE TOP THRU AN AERIALIMAGERY*HEADS DOWN DIGI TRADITIONAL METHOD

*RASTER DATA TYPE DIGITAL IMAGE THAT IS REDUCIBLE AND ENLARGEABLE

8/19/2019 Reb Notes

24/39

*LINES OR POLYLINES USED TO REPRESENT RIVERS, ROADS, RAILROADS

*TOPOGRAPHIC SURVEY DETERMINES ELEVATION AND UNDULATION

*TOPOGRAPHY DESCRIPTION OF LAND SURFACE &LEVEL,ROLLING,ELEVATED'

*GEO HAARD WIDESPREAD DAMAGE OR RISK 

*USERS OF GIS

• GENERAL PLANNER, SCIENTISTS, ADMINISTRATORS

• SPECIALISTS PROGRAMMERS, DESIGNERS, DEVELOPERS

• VIEWERS CLIENTS, RE PRACTITIONERS, PUBLIC

*DIGITAL GEOGRAPHIC DATA NUMERICAL REPRESENTATIONS OF REAL WORLDFEATURES*GEOGRAPHIC MATRI# GEO DATA DESCRIBED ACCDG TO LOCATION AND

ATTRIBUTES

*E#ACT OB%ECTS MAN-MADE*INE#ACT OB%ECTS NATURAL

*TESSELATIONS GEOMETRIC ARRANGEMENTS THAT COVERS A FLAT SURFACE

SUR&EYING AND MAP READING ANDPLOTTING

*SURVEY INSPECT, REVIEW, STUDY, E#AMINE OR APPRAISING*CARTOGRAPHY STUDY AND MAKING OF MAPS*ATLAS COLLECTION OF MAPS

*PLANE SURVEYING PLANE SURFACE*GEODETIC SURVEY STUDY OF SHAPE OF THE EARTH FOR COMPUTATIONPURPOSES*RECTANGULAR SURVEY SURVEY OF GOVT USING MERIDIANS AND PARRALELS TODETERMINE BOUNDARIES

*GEODETIC ENGR OR SURVEYOR DETERMINES SHAPE, CONTOUR AND MEAS OFLAND

*RELOCATION SURVEY IDENTIFICATION OF BOUNDARIES USING STAKES AND PINSON GROUND*VERIFICATION SURVEY SURVEY OF TITLED LAND WITH OR WITHOUT TECHNICALDESCRIPTION

*GRIDIRON SUBDIVISION SCHEME WITH BLOCKS THAT ARE RECTANGULAR INSHAPE

8/19/2019 Reb Notes

25/39

*REFERENCE POINTS USED IN SURVEYS:

• BUREAU OF LANDS LOCATION MONUMENTS

• BUREAU OF LANDS BARRIO MONUMENTS

• CITY$MUNI. BOUNDARY MONUMENTS

• PROVINCIAL BOUNDARY MONUMENTS

*PLOTTAGE VALUE BONUS OBTAINED FROM CONSOLIDATION OF LOTS

*KINDS OF SURVEY LAND $ TOPOGRAPHIC $ HYDROGRAPHIC $ ROUTE $ MINE $ CITY$CONST $ INDUSTRIAL $ PHOTOGRAMMETRIC $ CADASTRAL

*ELEMENTS IN SURVEYING DISTANCE, ELEVATION, DIRECTION &DED'

*UNTITLED:

• CCN CONSOLIDATION

• CCS CONSOLIDATION AND SUBDIVISION

• CSD SUBDIVISION

*VICINITY OR LOCATION MAP MAP OF THE SEGMENT OF A COMMUNITY TOIDENTIFY LOCATION OF SITE

*LAND SURVEY MAPS CADASTRAL, SURVEY, LOCATION MAPS

*PACING ROUGH DETERMINATION OF DISTANCE USING FOOT STEPS

*PACE FACTOR AVERAGE MEASUREMENT OF A PACE

*METES AND BOUNDS METHOD OF DESCRIBING A PROPERTY AND ITSBOUNDARIES

*MONUMENTS LANDMARKS OR REFERENCE STRUCTURES*TIE LINE IMAGINARY LINES CONNECTING A LANDMARK TO A POINT

*CONTOUR LINES LINES THAT DETERMINES ELEVATION OF LAND IN A TOPOGRAPHIC MAP

*MERIDIAN NORTH TO SOUTH*DATUM REFERENCE SURFACE WHICH IS PARALLEL WITH SEA LEVEL*ELEVATION OF A POINT VERTICAL DISTANCE FROM THE DATUM*EROSION WEARING AWAY OF LAND BY WATER AND WIND

*LATITUDE DISTANCE ABOVE OR BELOW THE E!UATOR

*LONGITUDE EAST OR WEST OF GREENWICH MERIDIAN*SCALE RATIO OF MEAS FROM ITS ACTUAL MEAS*LEVEL SURFACE PARALLEL WITH EARTH+S SPHERICAL SHAPE*TRUE MERIDIAN NORTH-SOUTH LINES PASSING THROUGH POLES*MAGNETIC MERIDIAN PARALLEL WITH THE DIRECTION OF THE COMPASS*MAGNETIC DECLINATION HORIONTAL ANGLE BET MERIDIAN AND TRUE

MERIDIAN*AIMUTH OF A LINE CLOCKWISE ANGLE OF A LINE

8/19/2019 Reb Notes

26/39

*MEAN SEA LEVEL OR SEA LEVEL DATUM MIDWAY OF LOW AND HIGH TIDE

*PHOTOGRAPHIC MAP ASSEMBLING INDIV PHOTOS*THEMATIC MAP MAP WITH USES OF LANDS AND WITH LEGENDS AS TO EFFECTS

OF PHENOMS*PRO%ECTION MAP FROM SUBMITTED CONDUCTED SURVEYS

*CADASTRAL MAP SHOWS ALL LOT DETAILS &NAT+L STD. SPATIAL INDE# MAP'*TOPOGRAPHIC MAP SHOWS CONFIGURATION AND RELIEF SURFACE OF EARTH

&MANMADE AND NATURAL'

*BEARING OF A LINE DIRECTION OF ANY RESPECTIVE MERIDIAN

*PLOTTING A PROPERTY BEARING &ANGULAR DEGREES' AND DISTANCE ARENEEDED

*WAYS OF IDENTIFYING PROPERTY IN A SITE

•  TECHNICAL APPROACH RELOCATION SURVEY

• LAYMAN+S APPROACH KNOWLEADGABLE PERSON DIRECTION

• SEMI-SKILLED APPROACH SKETCH AND PLOT USING COMPASS AND TAPE

AND PACING

*SURVEY BY:

• PSU BY GEODETIC ENGR

• PS PRIVATE SURVEY

• PSU-G BY GOVT GEO ENGR

AGRI LAW AND CARPER*EO 22) PROVIDES THE MECHANISM FOR THE IMPLEMENTATION OF CARPER

*PERSONS AUTHORIED TO CLASSIFY OR RECLASSIFY LANDS

• PRESIDENT FOR PRIMARY CLASSIFICATION &A,M,F,NP'

• CITIES AND MUNICIPALITIES RECLASSIFY AGRICULTURAL LANDS THROUGHORDINANCES BY THE SANGGUNIAN AFTER PUBLIC HEARING

*PRIVATE CORPORATIONS CAN ONLY LEASE ALIENABLE LANDS OF PUBLIC DOMAIN THROUGH

• 1000 HAS FOR 2" YRS RENEWABLE FOR NMT 2" YRS

•FILIPINO CITIENS CAN LEASE NMT "00 HAS

*EO ##5% – CARP (EFFECTI&ITY: +UNE 15.1"88)

*COMPONENTS OF CARP

• LAND TENURE IMPROVEMENT MAKING ACTUAL TILLER THE OWNER

8/19/2019 Reb Notes

27/39

• AGRARIAN %USTICE DELIVERY SPEEDY AND FAIR SETTLEMENT OF DISPUTES

• PROGRAM BENEFICIARIES DEVELOPMENT APPROACH BY DAR TO REINFORCE

SUPPORT TO INCREASING PRODUCTIVITY

*RECLASSIFICATION OF A CITY OR MUNICIPALITY OF AN AGRICULTURAL LAND INTO APRIMARY CLASS CAN BE SUPERSEDED BY THE PRESIDENT+S DECISION

*E#EMPTED FROM CARP IMMUNITY OR PRIVILEGE*E#CLUDED FROM CARP NOT UNDER OR REMOVED FROM CARP

*RETENTION LIMIT OF CARP

• NATURAL OR %URIDICAL PERSON NMT " HAS

NMT HAS IF CULTIVATING THE AREA

NMT HAS IF USED AS HOMESTEAD AND BEING CULTIVATED

• LEASE BY CORPORATION NMT 1000 HAS

• FOREIGN INDIVIDUALS NMT "00 HAS

• INDIVIDUAL LAND OWNER CHILDREN NMT HAS PER CHILD

ATLEAST 1" Y.O. ACTUALLY TILLING OR DIRECTLY MANAGING

NOT AC!UIRED ANY LAND OWNERSHIP

• FOR MARRIED COUPLES

WITH SEPARATION CLAUSE CAN OWN " HAS EACH

UNDER CON%UGAL PARTNERSHIP TOTAL OF " HAS ONLY

*PD 2 PROCLAIMS ENTIRE COUNTRY AS LAND REFORM AREA*EP 22 PROCLAIMS !UALIFIED FARMER BENEFICIARY AS FULL OWNER

*BENEFICIARIES MAY NOT SELL, TRANSFER OR CONVEY LAND FOR 10 YRS E#CEPT: HEREDITARY SUCCESSION, TO THE GOVT OR LBP, OTHER !UALIFIED

BENE

*E#PROPRIATION RIGHT OF GOVT OT TAKE THE LAND, MINERAL RIGHT AND OTHERPROPERTY

*IDLE OR ABANDONED LAND AGRI LAND THAT ARE NOT CULTIVATED FORCONTINUOUS YRS

*METHODS OF AC! LANDS FOR CARP BY GOVT. :

•COMPULSORY AC!UISITION &CA' MANDATORY AC! OF LAND BY STATE OFALL PRIVATE AGRI LANDS

• VOLUNTARY OFFER TO SELL &VOS' A LANDOWNER WHO VOLUNTARILY

OFFER THEIR AGRI LAND TO BE UNDER CARP

• DIRECT PAYMENT SCHEME &DPS' OR VOLUNTARY LAND TRANSFER &VLT'

LANDOWNERS DIRECTLY NEGOTIATES WITH THE !UALIFIED CARPBENEFICIARY

• LANDHOLDINGS AC! UNDER PD 2 RICE AND CORN LANDS

8/19/2019 Reb Notes

28/39

8/19/2019 Reb Notes

29/39

8/19/2019 Reb Notes

30/39

*LICENSE$TA#

• BROKERS PRC$OCCUPATION

• DEALERS HLURB$INCOME

*STAGES IN BROKERAGE1. SECURING LISTINGS2. LOOKING FOR PROSPECTS. PRESENTATION AND DEMONSTRATION. NEGOTIATION". CLOSING OR CONSUMMATION(. REGISTRATION IN THE BUYER+S NAME

*WHEN THE PROPERTY WAS DIRECTLY SOLD BY THE SELLER TO THE BUYER BUT THEBROKER PREVIOUSLY LISTED THE BUYER THROUGH WRITING, THE BROKER IS STILLENTITLED TO THE PROF FEE PROVIDED THERE+S A HOLD-OVER CLAUSE

*THE BROKER MUST NOT HAVE AN INTEREST WITH THE PROPERTY BEING SOLDWITHOUT FULL DISCLOSURE TO THE PRINCIPAL

*THE BROKER IS PROHIBITED FROM ACTING IN BEHALF OF BOTH SELLER ANDBUYER UNLESS WITH FULL DISCLOSURE THAT HE WILL BE RECEIVING 2 PROF FEES

 TO BOTH SELLER AND BUYER

*SUSPECT WILLING BUT DO NOT HAVE THE CAPACITY TO BUY*PROSPECT WILLING AND CAPACITATED TO BUY

*RESIGNATION OR TERMINATION OF SALESPERSON MUST BE REPORTED TO PRBRESOR PRC WITHIN 1" DAYS FROM ITS EFFECTIVITY

*REA AND REB ARE RE! TO POST A P20,000 BOND

*A SALESPERSON CANNOT BE A SIGNATORY UNLESS HIS BROKER IS A SIGNATORY TOO

*THE BROKER IS NOT LIABLE TO THE ACTIONS OF THE SALESPERSON UNLESS HEHAS KNOWLEDGE OR BENEFITED WITH THE TRANSACTION

*COST 9 10M, GP 9 2", BF 9 (OF SP10M # 1.2" 9 12."M12."M # .0( 9 "0K 

*TOTAL SP IF THE SELLER WANTS BROKERS FEE ON TOP OF SP AND NOT AFFECTING THE GP:12."M $ .)

8/19/2019 Reb Notes

31/39

REAL ESTATE FINANCE ANDECONOMICS*ECONOMIC VALUE ECONOMIC UTILITY AND MOST PROBABLE PRICE IN AN OPENMARKET

*LAWS OF PRICE VARIATIONS

• ON NORMALITY OF PRICES DEMAND 9 LISTINGS

• INCREASE OF PRICES DEMAND LISTINGS

• FALLING OF PRICES DEMAND ; LISTINGS

*CAPITALIST PRICES ARE DETERMINED BETWEEN SUPPLY AND DEMAND

*CAPITALISM$FREE$LAISSE FAIRE BASED ON PRIVATE PROPERTY*COMMUNISM$CLASSLESS MANAGED BY STATE*FEUDALISM TRADITION*MERCANTILISM GOVT DISTRIBUTE RIGHTS TO DO*SOCIALISM CAPITALISM 3 COMMUNISM$ MA%OR IND OWNED BY STATE, MINOR BY

INDIVIDUALS*INDUSTRIAL DURING 1 TH AND 1) TH CENTURY

*VALUE DESIRABILITY OF A PROPERTY BASED ON ITS USE

*VALUE IN USE USE OF PROPERTY IF PUT IN SERVICE

*SEASONAL FLUCTUATIONS SHORT TERM AND OCCUR WITHIN THE YR RESULTINGFROM WEATHER OR CUSTOMS

*PURE MONOPOLY ONLY ONE SUPPLIER OR SELLER*OLIGOPOLY FEW SUPPLIERS AND HOMOGENOUS PRODUCTS

*

*TURN KEY LOAN LENDER HAS CONTROL OVER THE PRO%ECT AND INCOME

*COMMERCIAL BANK SAFE KEEPING OF FUNDS

*RA (( ABOT-KAYA PABAHAY FUND

8/19/2019 Reb Notes

32/39

*RA " SHELTER AND URBAN DEVTFINANCING*PD 12( NHMFC OR PAG-IBIG

*PROGRAMS BY PAG-IBIG

• COMMUNITY MORTGAGE PROGRAM &CMP'

1. P0K MA# LOAN, 2" YRS, " BY NHA2. ENABLES S!UATTERS AND SLUM DWELLERS TO AC! LAND WHERE

 THEYRE RELOCATED

• UNIFIED LENDING PROGRAM &ULP'

1. BY HUDCC THRU NHMFC OR PAGIBIG

*E!UITY DIFF BETWEEN SP AND LOANABLE AMT

*PAG-IBIG ASSISTS IN AC! FULLY DEVELOPED LOT NMT 1000 S!M*PAG-IBIG BONDS IS AT 20*PAG-IBIG FINANCING MINIMUM INT IS (*PAG-IBIG MA# LOAN IS PM

*BALLOON PAYMENT LUMP SUM PAYMENT AFTER INSTALLMENTS IN A PERIOD OF TIME

*IN HOUSE FINANCING PROVIDED BY DEVELOPERS*BRIDGE FINANCING A FINANCING MOMENTARILY AVAILED WHILE WAITING FORAPPROVAL OF LONG TERM LOAN

*A BANK WILL DETERMINE THE LOANABLE AMT THRU THE VALUE OF PROPERTYSECURED AND CAPACITY TO PAY

*RESERVATION FEE IS AN EARNEST MONEY OR PART OF TOTAL PRICE

*GEN. BANKING ACT THE LOAN GRANTED SHOULD NOT BE MORE THAN 0 OF THE APPRAISED VALUE OF THE PROPERTY SECURED

*FACTORS OF PRODUCTION

•

LAND• LABOR

• CAPITAL

• ENTREPRENEUR

*ELEMENTS OF INVESTMENT

•  YIELD

• SAFETY

8/19/2019 Reb Notes

33/39

• LEVERAGE

• CONTROL

*SOURCES OF INVESTMENT RISK 

• LOSS OF CAPITAL

•

LOSS OF RETURN ON CAPITAL• OPPORTUNITY COST

*MARGINAL UTILITY ADDL SATISFACTION IN CONSUMING 1 MORE UNIT OF SAMEGOOD

*ADAM SMITH FREE COMPETITION PROMOTES WELFARE OF THE INDIVIDUALS*THOMAS MALTHUS POPULATION GROWTH WILL OUTRUN FOOD SUPPLY*KARL MAR# LABOR FORCE IS THE PROLETARIAT, OWNERS OF LAND AND TECHARE THE  CAPITALIST$COURAGEOUS*DAVID RICARDO LABOUR THEORY OF VALUES

*%OHN KEYNES LEAD A REVOLUTION IN ECONOMIC THINKING

*GDP TOTAL VALUE OF ALL GOODS AND SERVICES PRODUCED BY A COUNTRY IN A YEAR & IN 2011'

*NATL INCOME TOTAL OUTPUT OF CITIENS IN A YR

*SHORT TERM FINANCING INSTRUMENTS ARE MONEY MARKET

*CAUSES OF VALUE

• PRO#IMATE CAUSE DESIRE OF MEN TO HAVE FOR A THING

• REMOTE CAUSE UTILITY TO SATISFY WANTS AND ITS SCARCITY

ECOLOGY• RELATION BETWEEN PLANTS AND ANIMALS WITH ITS INORGANICPHYSICAL ENVIRONMENT AND CULTURE

• OIKOS 9 HOUSE &GREEK'

*GEOGRAPHY STUDY OF EARTH+S SURFACE AND ITS RELATION TO MAN  - GEOGRAPHIA GREEK FOR EARTH+S DESCRIPTION

8/19/2019 Reb Notes

34/39

*ECOSYSTEM INTERACTING SYSTEM BETWEEN A COMMUNITY AND ITS HABITAT

*SYSTEM COLLECTION OF PARTS AND EVENTS THAT IS INTERDEPENDENT

• OPEN SYSTEM DEPENDS ON OUTSIDE ENVIRONMENT

• CYBERNETIC SYSTEM USE FEEDBACK MECHANISM TO REGULATE

 THEMSELVES

• ECOLOGICAL SYSTEM BOTH OPEN AND CYBERNETIC

*POPULATION GROUP OF SAME SPECIES THAT INTERBREEDS*BIOMES A MA%OR REGIONAL GROUPINGS OF PLANTS AND ANIMALS*ORGANISM CONTIGUOUS LIVING SYSTEM*HABITAT ENVIRONMENT WHERE A KNOWN SPECIES OCCURS*ENVIRONMENT PHYSICAL AND CHEMICAL SURROUNDINGS OF AN ORGANISM

*TUNDRA NEAR POLAR REGION*TAIGA BELOW TUNDRA*CHAPARRAL COASTAL*SAVANNA GRASSLAND

*EIA EVALUATES IMPACT OF A PRO%ECT TO THE ENVIRONMENT*ENVIRONMENTAL CRITICAL PRO%ECT &ECP' HAS NEGATIVE IMPACT*CERT OF NON COVERAGE NOT COVERED BY EIA AND DOES NOT RE!URE AN ECC

*ANAEROBIC ORG THAT DOES NOT RE!UIRE O#YGEN*PHYSIOLOGY STUDY OF FUNCTIONS OF LIVING SYSTEMS*ETHOLOGY STUDY OF ANIMAL BEHAVIOR*COMMUNITY DIFFERENT POPULATIONS LIVING IN AN AREA

*GRAING ONE SPECIES USES A PART OF THE OTHER AS FOOD*DETRITUS REMAINS

*NICHE FUNCTIONAL ROLE OF AN ORGANISM

*LOTIC RUNNING WATER*LENTIC STAGNANT WATER*LIMNOLOGY STUDY OF FRESHWATER

*PYRAMID OF ENERGY REDUCES UP TO 10 ON EACH STAGE UP

*SUPRATIDAL HIGH TIDE*INTERTIDAL MID*SUBTIDAL LOW TIDE

*BEHAVIORAL GEOGRAPHY STUDY OF HUMAN BEHAVIOR AND ITS COGINITIVEPROCESSES IN RESPONSE TO ITS ENVIRONMENT

*CLIMATOLOGY 4 METEOROLOGY STUDY TO UNDERSTAND THE PHYSICAL EFFECTSOF GREENHOUSE GASSES TO THE ATMOSPHERE

*TERRESTRIAL ECOSYSTEM HAS THE LARGEST BIOMES

8/19/2019 Reb Notes

35/39

*ACTIONS ENVIRONMENT ACTS UPON THE ORGANISM &TEMPERATURE,WIND,LIGHT'*INTERACTION ORGANISM REACTION TO THE ENVIRONMENT &POLLUTION'*CO-ACTION EFFECT OF ORGANISMS+ ACTION TO THE OTHER&PREDATION,COMPETITION'

*PD ) POLLUTION CONTROL LAW OF 1)(*PD 11"1 ENVIRONMENTAL IMPACT ASSESSMENT FOR COVERED PRO%ECTS OF1)*PD 1"( PHIL ENVI IMPACT STATEMENT SYSTEM OF 1)*RA ()() TO#IC SUBSTANCES AND HAARDOUS AND NUCLEAR WASTE CONTROLACT OF 1))0*RA "( NATIONAL INTEGRATED PROTECTED AREAS SYSTEM &NIPAS' ACT OF1))2*RA ""0 FISHERIES CODE OF 1))*RA ) PHIL CLEAR AIR ACT OF 1)))*RA )2" PHIL CLEAN AIR ACT OF 200*RA )00 ECOLOGICAL SOLID WASTE MGT ACT OF 2000 &RESPONSIBILITY OF LGU'

*CERT OF CONFORMITY ISSUED BY DENR TO THE VEHICLE MANUFACTURERS

*ECO-PROFILE GEOGRAPHIC INST FOR PLANNING AND DECISION MAKING WHICHPRESENT THE !UALITY AND CARRYING CAPACITY OF AN AREAS*SIGA SMALL SACALE COMMUNITY SANITATION

*CARBON CYCLE COMBUSTION OF VEHICLES AND INDUSTRIES*TRANSPIRATION WATER FROM PLANTS AND SOIL TO THE AIR

*LEED LEADERSHIOP IN ENERGY AND ENVI DESIGN &RATING SYSTEM'

*OONE HOLE MONTREAL PROTOCOL OF 1)

*ATMOSPHERE NITROGEN $ 21 O#YGEN $ 1 OTHERS

*AGRICULTURAL WASTE WASTE FROM PLANTING, HARVESTING, TRIMMING

*CONTROLLED DUMP DISPOSAL SOLID WASTE SITE

*LEACHATE TO#IC CHEM THAT IS PRODUCED WHEN WASTE UNDERGOESDECOMPOSITION

*HETEROTROPH AN ORG THAT CANNOT FI# CARBON AND USES ORGANIC CARBONFOR GROWTH*PHYTOPLANKTON AUTOTROPHIC COMPONENT OF PLANKTON COMMUNITY

*GENETICS SCIENCE OF GENES, HEREDITY AND VARIATIONS OF LIVING ORGS

*WATER ) SALTWATER $ 2 FRESH WATER $ 1 ICE AND SNOW

8/19/2019 Reb Notes

36/39

*WEST VALLEY FAULT 1) KMS &MARIKINA TO PASIG'*EAST VALLEY FAULT 10 KMS &SAN MATEO AND RODRI!UE, RIAL'*MARIKINA VALLEY FAULT AURORA, !UEON, MARIKINA, TAGUIG, LAGUNA, CAVITE

LEGAL RE!UIREMENTS, RA )((,IRR*RA )(( RESA &%UNE 2), 200)'*APPRAISER OR VALUER POSSESSES !

8/19/2019 Reb Notes

37/39

*CHAIR AND MEMBERS CAN BE REAPPOINTED FOR A SECOND TERM BUT SHALL NOTSERVE CONTINUOUSLY FOR ( YRS

*FUNCTIONS OF PRBRES

• GUIDELINES AND POLICIES

• CONDUCT E#AMS

• ISSUE, SUSPEND, REVOKE, REINSTATE LICENSES

• HEAR AND INVESTIGATE VIOLATIONS

• FI# RATES AND FEES

• ADMINISTER OATHS

*CHAIR: EDUARDO ONG*MEMBERS: RAFAEL FA%ARDO $ FLORENCIO DINO II

*PRBERES IS UNDER SUPERVISION OF PRC*THE PRES CAN SUSPEND OR REMOVE CHAIR OR MEMBERS UPON

RECOMMENDATION OF PRC

*CONSULTANT+S E#AM RE! 10 YRS FOR REB, ASSESSOR, BANK APPR AND " YRSFOR REA

*RE BROKERAGE WAS UNDER DTI BEFORE*PARTNERSHIP,CORPO,ASSOC, COOPS MUST BE REGISTERED WITH SEC OR COOPDEV AUTH

*INDEMNITY BOND FOR REB AND REA 20K VALID AND RENEWABLE EVERY YRS

*MUST REG WITH HLURB IF SELLING CONDO OR SUBD PRO%ECTS

*COR FOR HLURB E#PIRES EVERY DEC 1 AND RENEWABLE IN FEB

*TERMINATION OR RESIGNATION OF RESPS MUST BE REPORTED TO PRBRES WITHIN1" DAYS

*RE SALESPERSON:

• ATLEAST 2 YRS IN COLLEGE

• 12 CREDIT UNITS OF TRAINING IN REB

• ACCREDITATION VALID FOR 1 YR RENEWABLE AT BIRTHMONTH

• 1K BOND

RA )(( EFFECTIVITY: %ULY 0 200)

8/19/2019 Reb Notes

38/39

8/19/2019 Reb Notes

39/39

*PRBRES OFFICIAL SEAL

• LAND AS REAL ESTATE

• STRUCTURES IMPROVEMENTS

•  TREES $ FRUITS AGRI PRODUCE

• GREEN LINES THE RESPS

• RED,WHITE,BLUE,YELLOW FLAG

• BLUE SERVICE

• GREEN ENVI AND ECOLOGY

• SUN AND RAYS LIFE AND LIGHT

• RISING SUN VITAL ROLE OF RESPS

• GOLD ETHICAL STDS AND PROSPERITY

• MAP PHIL ARCHIPELAGO

*RE!UEST FOR CPE PROGRAM ACCREDITATION MUST BE FILED TO THE CPECOUNCIL AT LEAST 0 DAYS PRIOR TO THE CONDUCT OF PROGRAM

*SELF ACCREDITATION RE!UEST FOR RECOG OF CREDIT UNITS IF PROGRAM WASCONDUCTED BY ORG WITHOUT ACCRED FROM CPE COUNCIL

*RENEWAL OF ID (O CU/ EVERY YRS, 20 FOR EVERY YEAR

*E#CESS CU/ CANNOT BE CARRIED OVER TO THE NE#T YR E#CEPT FOR CU/ FROMDOCTORAL AND MASTERAL DEGREES

*FELLOWSHIP COMPLETION OF POST DOCTORAL TRAINING PROGRAM

*REGISTERED PROF WITH COR BUT NOT RENEWED ID*REG AND LICENSED PROF WITH COR AND ID

*CONVENTIONS GATHERING FOR SYMPOSIA, ASSEMBLIES AND DISCUSSIONS*SEMINARS GATHERING WITH TRAINING AND WORKSHOP

*CPE PROVIDER VALID LICENSE FOR YRS

*PARTICIPANT 1 CU PER HOUR

*RESOURCE SPEAKER " CUS*PANELIST CUS*FACILITATOR 2 CUS

*MASTERS DEG 1 CU PER ACADEMIC UNIT 3 0 CU UPON COMPLETION*DOCTORAL DEG 2 CUS PER AU 3 " CUS UPON COMP