RES Questions 1 to 20
These are mock questions and answers related to the Real Estate Salesperson Examinations mandated by the Council of Estate Agents, Singapore and are meant to be used as a guide or reference to you for preparing for the exam. However, please note that this is not exhaustive and does not guarantee the passing of the REA nor RES exam.
1. The title to the House may be:
a. freehold i.e. an absolute title;
b. an estate in perpetuity i.e. an estate forever subject to the payment of a quit rent;
c. Leasehold i.e. for example, a lease for 99 years or 999 years.
d. All of the above
2. The title to the Flat may be a common law lease which is under the:
a. Old conveyancing system
b. Modern conveyancing system
c. Strata title conveyancing system
d. CPF conveyancing system
3. The title to the Flat may be a strata title where the proprietor will have a _____ to the flat with a proportionate share in the land,.
a. loan
b. mortgage
c. title
d. purchase
1. The title to the House may be:
a. freehold i.e. an absolute title;
b. an estate in perpetuity i.e. an estate forever subject to the payment of a quit rent;
c. Leasehold i.e. for example, a lease for 99 years or 999 years.
d. All of the above
2. The title to the Flat may be a common law lease which is under the:
a. Old conveyancing system
b. Modern conveyancing system
c. Strata title conveyancing system
d. CPF conveyancing system
3. The title to the Flat may be a strata title where the proprietor will have a _____ to the flat with a proportionate share in the land,.
a. loan
b. mortgage
c. title
d. purchase
4. Before you decide to purchase a House or Flat you should ensure that you have ____________________.
a. sufficient funds available to complete the purchase.
b. 50% of the funds to complete the purchase.
c. 70% of the funds to complete the purchase.
d. 80% of the funds to complete the purchase.
5. Under the Residential Property Act, only ________________ can purchase Landed 'residential property' as defined in the Residential Properties Act.
a. Singapore citizens (exclusively)
b. Singapore citizens and approved persons
c. Singapore and Malaysian citizens
d. Foreigners
6. Under the Residential Property Act, foreigners are eligible to purchase units in condominiums or apartments which are not _______________.
a. in the Central Business District
b. second-hand
c. more than 10 storeys high
d. landed dwelling houses
7. Generally, legal contracts for the sale and purchase of property take _____ forms
a. three
b. two
c. four
d. six
8. An Option or Agreement/Contract for the Purchase of a House or Flat can be formed in the followings way:
a. by the exercise of an Option
b. by correspondence
c. by the parties signing an Agreement/Contract
d. all of the above
9. An Option or Agreement/Contract for the Purchase of a House or Flat are documents that create legal rights and obligations, dealing particularly with:
a. the title of the property
b. the mode of payment
c. the discharge of encumbrances
d. all of the above
10. An Option or Agreement/Contract for the Purchase of a House or Flat are documents that create legal rights and obligations, dealing particularly with:
a. vacant possession
b. the date of completion
c. the delay in completion
d. all of the above
11. An Option or Agreement/Contract for the Purchase of a House or Flat are documents that create legal rights and obligations, dealing particularly with all of the following except which one?
a. the mode of payment
b. vacant possession
c. the signed conveyance
d. the delay in completion
12. Whatever form the legal contract takes, which of these terms must be present in order for the contract (for the sale of property) to be legally enforceable:
a. Identification of the property offered for sale
b. Price
c. Completion date
d. All of the above
13. Most contracts for the sale and purchase of property in Singapore will incorporate standard terms called the Singapore Law Society's Conditions of Sale ______.
a. 1998
b. 2010
c. 1999
d. 2005
14.___________ developers are not required to comply with the Housing Developers (Licensing and Control) Act or the Rules made thereunder.
a. Unlicensed
b. Disqualified
c. Licensed
d. Discharged
15. The lawyer's fees do not include _________ or disbursements properly incurred by the lawyer.
a. Consultation
b. General administration
c. Litigation
d. Stamp fees
a. sufficient funds available to complete the purchase.
b. 50% of the funds to complete the purchase.
c. 70% of the funds to complete the purchase.
d. 80% of the funds to complete the purchase.
5. Under the Residential Property Act, only ________________ can purchase Landed 'residential property' as defined in the Residential Properties Act.
a. Singapore citizens (exclusively)
b. Singapore citizens and approved persons
c. Singapore and Malaysian citizens
d. Foreigners
6. Under the Residential Property Act, foreigners are eligible to purchase units in condominiums or apartments which are not _______________.
a. in the Central Business District
b. second-hand
c. more than 10 storeys high
d. landed dwelling houses
7. Generally, legal contracts for the sale and purchase of property take _____ forms
a. three
b. two
c. four
d. six
8. An Option or Agreement/Contract for the Purchase of a House or Flat can be formed in the followings way:
a. by the exercise of an Option
b. by correspondence
c. by the parties signing an Agreement/Contract
d. all of the above
9. An Option or Agreement/Contract for the Purchase of a House or Flat are documents that create legal rights and obligations, dealing particularly with:
a. the title of the property
b. the mode of payment
c. the discharge of encumbrances
d. all of the above
10. An Option or Agreement/Contract for the Purchase of a House or Flat are documents that create legal rights and obligations, dealing particularly with:
a. vacant possession
b. the date of completion
c. the delay in completion
d. all of the above
11. An Option or Agreement/Contract for the Purchase of a House or Flat are documents that create legal rights and obligations, dealing particularly with all of the following except which one?
a. the mode of payment
b. vacant possession
c. the signed conveyance
d. the delay in completion
12. Whatever form the legal contract takes, which of these terms must be present in order for the contract (for the sale of property) to be legally enforceable:
a. Identification of the property offered for sale
b. Price
c. Completion date
d. All of the above
13. Most contracts for the sale and purchase of property in Singapore will incorporate standard terms called the Singapore Law Society's Conditions of Sale ______.
a. 1998
b. 2010
c. 1999
d. 2005
14.___________ developers are not required to comply with the Housing Developers (Licensing and Control) Act or the Rules made thereunder.
a. Unlicensed
b. Disqualified
c. Licensed
d. Discharged
15. The lawyer's fees do not include _________ or disbursements properly incurred by the lawyer.
a. Consultation
b. General administration
c. Litigation
d. Stamp fees
"
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16. One can sell a house or flat by:
I. granting an Option to the Purchaser
II entering into an Agreement/Contract
a. I only
b. II only
c. I and II
d. Neither I or II
17. Options (which are often prepared by brokers) and Agreements/Contracts are documents that create legal rights and obligations, dealing particularly with:
a. title
b. discharge of encumbrances
c. liability for property tax
d. all of the above
18. GST is not payable on residential property at present.
a. This statement is true
b. This statement is false
c. GST is payable for some residential properties
d. GST is payable for residential properties more than 30 years old
19. Seller of a residential property must pay Seller’s Stamp Duty (SSD) if the property was acquired (or purchased) on or after __________ but before 30 Aug 2010 and disposed of (or sold) within one year from the acquisition date.
a. 31 Jan 2010
b. 14 Feb 2010
c. 20 Feb 2010
d. 1 Mar 2010
20. Seller's Stamp Duty (SSD) will be payable on residential properties which are bought or acquired on or after _________ but before 14 Jan 2011 and sold or disposed of within 3 years of acquisition.
a. 14 Jul 2010
b. 30 Jul 2010
c. 9 Aug 2010
d. 30 Aug 2010
Answers
1. d
2. a
3. c
4. a
5. b
6. d
7. b
8. d
9. d
10. d
11. c
12. d
13. c
14. a
15. d
16. c
17. d
18. a
19. c
20. d
I. granting an Option to the Purchaser
II entering into an Agreement/Contract
a. I only
b. II only
c. I and II
d. Neither I or II
17. Options (which are often prepared by brokers) and Agreements/Contracts are documents that create legal rights and obligations, dealing particularly with:
a. title
b. discharge of encumbrances
c. liability for property tax
d. all of the above
18. GST is not payable on residential property at present.
a. This statement is true
b. This statement is false
c. GST is payable for some residential properties
d. GST is payable for residential properties more than 30 years old
19. Seller of a residential property must pay Seller’s Stamp Duty (SSD) if the property was acquired (or purchased) on or after __________ but before 30 Aug 2010 and disposed of (or sold) within one year from the acquisition date.
a. 31 Jan 2010
b. 14 Feb 2010
c. 20 Feb 2010
d. 1 Mar 2010
20. Seller's Stamp Duty (SSD) will be payable on residential properties which are bought or acquired on or after _________ but before 14 Jan 2011 and sold or disposed of within 3 years of acquisition.
a. 14 Jul 2010
b. 30 Jul 2010
c. 9 Aug 2010
d. 30 Aug 2010
Answers
1. d
2. a
3. c
4. a
5. b
6. d
7. b
8. d
9. d
10. d
11. c
12. d
13. c
14. a
15. d
16. c
17. d
18. a
19. c
20. d
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