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Exam (elaborations)

Fundamentals 2nd Comprehensive Exam – Complete Practice Questions & Solutions

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Prepare effectively for the Fundamentals 2nd Comprehensive Exam with this complete study guide. Includes practice questions and fully solved answers covering key topics, concepts, and procedures. Designed for students seeking structured exam preparation, focused review, and mastery of fundamental principles to improve understanding and performance on the official exam.

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FUNDAMENTALS
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FUNDAMENTALS











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Institution
FUNDAMENTALS
Course
FUNDAMENTALS

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Uploaded on
January 22, 2026
Number of pages
37
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS




FUNDAMENTALS.2ND.COMPREHENSIVE
.EXAM.SETA.2024
Total points 70/100

2024.REA.REVIEW.FUNDAMENTALS


The respondent's email () was recorded on submission of this
form.



70 of 100 points


NAME (Last name, First name, M.I) *

SAID, ASMALIAH A.




1. The right of the non-renouncing heir to have the generally renounced shares *1/1
of his co-heirs all to himself arises from the contract among them


a. True

b. False

c. Maybe




featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS

,featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS



2. Statement 1: An RESP who chose to be taxed and is qualified under the 8% *0/1
gross income taxation of the TRAIN, is not liable to pay percentage tax.

Statement 2: An RESP, who aside from his practice owns a small business
both of which earns a total of Php2,500,000.00 income annually, may avail of
the Php250,000.00 exemption under the TRAIN Law’s 8% gross income
taxation scheme.


a. Only Statement 1 is true

b. Only Statement 2 is true

c. Both are true

d. Both are false




3. What is the rate of creditable withholding tax on an RESP who has an *0/1
annual income below Php3,000,000.00?


a. 10%

b. 5%

c. 3%

d. 1%




4. A real estate consultant shall * 1/1



a. Not offer or agree to pay/split or rebate any professional fee or compensation with
an unlicensed individual or unauthorized person

b. Both discriminate against person(s) based on race, color, religion, sex, disability,
familial status, or national origin

c. All of the choices

d. Live and always cooperate in upholding the integrity and honor of the profession



featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS

,featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS



5. In Ethics and Standards, the Real Estate Consultant shall not accept *0/1
contingent fees or dependent upon reporting of a pre-determined findings or
recommendations to be made. Is the statement CORRECT?


a. No

b. Maybe

c. With Options

d. Yes




6. What shall be issued to the examinees who pass the licensure examination *1/1
for real estate service


a. Certificate of Registration and Professional Identification Card

b. Certificate of Registration and Certificate of Membership to an AIPO

c. Certificate of Membership to an AIPO and CPD Units

d. Professional Identification Card and Certificate of Membership to an AIPO




7. Which of the following refers to each spouse shall own, dispose, possess, *1/1
and administer his/her own separate estate without need of consent of the
others?


a. Property Regime of Union

b. Regime of Joint Undertaking

c. Regime of Segregation

d. Regime of Separation of Property




featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS

, featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS



8. The code of ethics is based on the concept of: * 0/1



a. Let the buyer beware

b. Let the seller beware

c. Let the public be served

d. Let the public fend for themselves




9. As to their relation with the government, the practitioner is NOT required to *1/1
secure the following:


a. Permits

b. License

c. Authority to pay surety bond

d. Required registration




10. Attendance in a continuing professional education is provided also in the *1/1
code of ethics under the following provision:


a. Adequate knowledge, competence and expertise in real estate development and
management shall be maintained.

b. The spirit of camaraderie, corporation and professional relationship of other
practitioners shall be promoted.

c. Their dealings with each other shall be fair, honest and just.

d. A high level of respect relationship with colleagues in the Realty Service Practice
shall be maintained




featuring complete and verified questions
FUNDAMENTALS
and answers 2ND
designed
COMPREHENSIVE
to strengthenFUNDAMENTALS
FUNDAMENTALS
EXAM SETA
2ND2024
COMPREHENSIVE
2ND
ANSWERS.pdf
COMPREHENSIVE
EXAM EXAM
SETA 2024
SETAANSWERS.pdf
2024 ANSWERS

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