RES Questions 61-80
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.
61. 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. 20 Feb 2008
b. 1 Jul 2009
c. 20 Feb 2010
d. 1 Jan 2011
62. Properties acquired before ________ will not be subject to Seller's Stamp Duty when disposed of.
a. 21 Jan 2010
b. 20 Feb 2010
c. 31 Mar 2010
d. 1 Apr 2010
63. Seller's Stamp Duty 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. 15 Jan 2010
b. 20 Feb 2010
c. 15 Jul 2010
d. 30 Aug 2010
64. An Option is usually granted ___________ to purchase his property in consideration for an Option Fee.
a. by the buyer to the seller
b. by the seller to the buyer
c. by the bank to the buyer
d. by the buyer’s lawyer to the seller
65. Certain "norms" in property transactions which are relied on by Lawyers and Property Agents (subject to mutual agreement) include:
a. stakeholders' clause of balance 4% or 9% of the deposit to be held by Property Agent acting for seller
b. 10% Option Fee
c. 4 weeks' exercise period
d. 8 to 10 weeks from the date of exercise of Option for completion of sale and purchase
66. A property held by 2 or more persons as joint tenants means that upon the death of one joint owner:
a. his interest in the property is taken over by his next-of-kin.
b. his interest in the property is taken over by Housing Development Board.
c. his interest in the property is taken over by the surviving owner(s).
d. his interest in the property is willed away to others in his will.
67. The Controller of Housing will consider the approval of applications to change a name in the Option to Purchase if it involves:
a. the deletion of names as long as one of the joint option holders remains as the option holder
b. the addition of names of immediate family members.
c. the substitution of a name in an Option to Purchase with an immediate family member if at least one option holder remains.
d. All of the above.
68. A foreigner may buy a property that is:
a. all the flats or apartments within the same building (including HUDC Phase I or Phase II flats and privatised Phase III or IV flats)
b. an unit in an approved condominium development
c. a leasehold estate in a property defined as "residential property" for a term not exceeding 3 years including any further term which may be granted by way of an option for renewal
d. none of the above
69. “Residential Property” refers to:
a. residential landed properties, including vacant land
b. detached houses, semi-detached houses, terrace houses
c. any land or building zoned or gazetted for residential purposes
d. all of the above
70. A shophouse (mixed commercial and residential use) is a restricted residential property if:
a. it is not strata subdivided
b. it is in an area zoned 'residential' within the meaning of the Residential Property Act
c. All of the above
d. None of the above
71. The purpose of the Central Provident Fund (CPF) Board’s Residential Properties Scheme is:
a. to help CPF members purchase private residential properties for their own occupation
b. to help CPF members purchase private residential properties for rental
c. to help CPF members build private residential properties for their own occupation
d. all of the above
61. 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. 20 Feb 2008
b. 1 Jul 2009
c. 20 Feb 2010
d. 1 Jan 2011
62. Properties acquired before ________ will not be subject to Seller's Stamp Duty when disposed of.
a. 21 Jan 2010
b. 20 Feb 2010
c. 31 Mar 2010
d. 1 Apr 2010
63. Seller's Stamp Duty 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. 15 Jan 2010
b. 20 Feb 2010
c. 15 Jul 2010
d. 30 Aug 2010
64. An Option is usually granted ___________ to purchase his property in consideration for an Option Fee.
a. by the buyer to the seller
b. by the seller to the buyer
c. by the bank to the buyer
d. by the buyer’s lawyer to the seller
65. Certain "norms" in property transactions which are relied on by Lawyers and Property Agents (subject to mutual agreement) include:
a. stakeholders' clause of balance 4% or 9% of the deposit to be held by Property Agent acting for seller
b. 10% Option Fee
c. 4 weeks' exercise period
d. 8 to 10 weeks from the date of exercise of Option for completion of sale and purchase
66. A property held by 2 or more persons as joint tenants means that upon the death of one joint owner:
a. his interest in the property is taken over by his next-of-kin.
b. his interest in the property is taken over by Housing Development Board.
c. his interest in the property is taken over by the surviving owner(s).
d. his interest in the property is willed away to others in his will.
67. The Controller of Housing will consider the approval of applications to change a name in the Option to Purchase if it involves:
a. the deletion of names as long as one of the joint option holders remains as the option holder
b. the addition of names of immediate family members.
c. the substitution of a name in an Option to Purchase with an immediate family member if at least one option holder remains.
d. All of the above.
68. A foreigner may buy a property that is:
a. all the flats or apartments within the same building (including HUDC Phase I or Phase II flats and privatised Phase III or IV flats)
b. an unit in an approved condominium development
c. a leasehold estate in a property defined as "residential property" for a term not exceeding 3 years including any further term which may be granted by way of an option for renewal
d. none of the above
69. “Residential Property” refers to:
a. residential landed properties, including vacant land
b. detached houses, semi-detached houses, terrace houses
c. any land or building zoned or gazetted for residential purposes
d. all of the above
70. A shophouse (mixed commercial and residential use) is a restricted residential property if:
a. it is not strata subdivided
b. it is in an area zoned 'residential' within the meaning of the Residential Property Act
c. All of the above
d. None of the above
71. The purpose of the Central Provident Fund (CPF) Board’s Residential Properties Scheme is:
a. to help CPF members purchase private residential properties for their own occupation
b. to help CPF members purchase private residential properties for rental
c. to help CPF members build private residential properties for their own occupation
d. all of the above
72. The Central Provident Fund (CPF) can be used to finance the purchase of a property if:
a. the property is in Singapore
b. the property is on freehold land
c. the property has remaining lease of not less than 60 years
d. all of the above
73. After selling the property, the seller:
a. is required to return only his CPF savings withdrawn, if he has not yet qualified for withdrawal of CPF savings under Section 15 of the CPF Act
b. is required to return his CPF savings withdrawn plus accrued interest, if he has not yet qualified for withdrawal of CPF savings under Section 15 of the CPF Act
c. can hold as cash the CPF funds that have been withdrawn
d. none of the above
74. CPF savings may be used to repay a housing loan if:
a. the housing loan is for a fixed term and is secured by a mortgage which resulted from a transfer of the initial housing loan from one lender to another, provided that the initial housing loan was secured by a mortgage on the property
b. the housing loan is obtained from a bona fide employer and is secured by a mortgage on the property and the member is required to repay the loan by monthly instalments as stipulated in the agreement entered into with the employer
c. the housing loan is granted on a non-checking overdraft account by a bank in Singapore and is secured by a mortgage on the property
d. all of the above.
75. During the construction of the house, Central Provident Funds savings ___________________.
a. can be used to pay directly for the land cost
b. can be used to pay directly for the construction costs of the house
c. cannot be used to pay directly for the land cost and the construction costs of the house
d. none of the above
76. With effect from 1st February 2003, legal fees on conveyancing matters are:
a. negotiable, i.e. mutually agreed between the Law Firm and the client
b. negotiable, i.e. mutually agreed between the buyer and the seller
c. negotiable, i.e. mutually agreed between the property agent and the client
d. non-negotiable
77. A property owner, who is away from Singapore for an indefinite period, can:
a. engage a Lawyer to draft and prepare a Power of Attorney to grant his attorney such powers in accordance with the property owner’s wishes to act on his behalf in respect of his real estate transactions
b. engage a property agent to draft and prepare a Power of Attorney to grant his attorney such powers in accordance with the property owner’s wishes to act on his behalf in respect of his real estate transactions
c. engage a bank to draft and prepare a Power of Attorney to grant his attorney such powers in accordance with the property owner’s wishes to act on his behalf in respect of his real estate transactions
d. none of the above
78. Foreign person, as defined in the Residential Property Act, refers to:
a. person who is not a Singapore citizen
b. a foreign company
c. a foreign society
d. all of the above
79. Seller of a residential property must pay Seller’s Stamp Duty (SSD) if the property was acquired (or purchased) on or after 20 Feb 2010 but before 30 Aug 2010 and disposed of (or sold) within ____ year(s) from the acquisition date.
a. One
b. Three
c. Five
d. Seven
80. Seller's Stamp Duty will be payable on residential properties which are bought or acquired on or after 30 Aug 2010 but before 14 Jan 2011 and sold or disposed of within _____ years of acquisition.
a. Three
b. Five
c. Seven
d. Ten
a. the property is in Singapore
b. the property is on freehold land
c. the property has remaining lease of not less than 60 years
d. all of the above
73. After selling the property, the seller:
a. is required to return only his CPF savings withdrawn, if he has not yet qualified for withdrawal of CPF savings under Section 15 of the CPF Act
b. is required to return his CPF savings withdrawn plus accrued interest, if he has not yet qualified for withdrawal of CPF savings under Section 15 of the CPF Act
c. can hold as cash the CPF funds that have been withdrawn
d. none of the above
74. CPF savings may be used to repay a housing loan if:
a. the housing loan is for a fixed term and is secured by a mortgage which resulted from a transfer of the initial housing loan from one lender to another, provided that the initial housing loan was secured by a mortgage on the property
b. the housing loan is obtained from a bona fide employer and is secured by a mortgage on the property and the member is required to repay the loan by monthly instalments as stipulated in the agreement entered into with the employer
c. the housing loan is granted on a non-checking overdraft account by a bank in Singapore and is secured by a mortgage on the property
d. all of the above.
75. During the construction of the house, Central Provident Funds savings ___________________.
a. can be used to pay directly for the land cost
b. can be used to pay directly for the construction costs of the house
c. cannot be used to pay directly for the land cost and the construction costs of the house
d. none of the above
76. With effect from 1st February 2003, legal fees on conveyancing matters are:
a. negotiable, i.e. mutually agreed between the Law Firm and the client
b. negotiable, i.e. mutually agreed between the buyer and the seller
c. negotiable, i.e. mutually agreed between the property agent and the client
d. non-negotiable
77. A property owner, who is away from Singapore for an indefinite period, can:
a. engage a Lawyer to draft and prepare a Power of Attorney to grant his attorney such powers in accordance with the property owner’s wishes to act on his behalf in respect of his real estate transactions
b. engage a property agent to draft and prepare a Power of Attorney to grant his attorney such powers in accordance with the property owner’s wishes to act on his behalf in respect of his real estate transactions
c. engage a bank to draft and prepare a Power of Attorney to grant his attorney such powers in accordance with the property owner’s wishes to act on his behalf in respect of his real estate transactions
d. none of the above
78. Foreign person, as defined in the Residential Property Act, refers to:
a. person who is not a Singapore citizen
b. a foreign company
c. a foreign society
d. all of the above
79. Seller of a residential property must pay Seller’s Stamp Duty (SSD) if the property was acquired (or purchased) on or after 20 Feb 2010 but before 30 Aug 2010 and disposed of (or sold) within ____ year(s) from the acquisition date.
a. One
b. Three
c. Five
d. Seven
80. Seller's Stamp Duty will be payable on residential properties which are bought or acquired on or after 30 Aug 2010 but before 14 Jan 2011 and sold or disposed of within _____ years of acquisition.
a. Three
b. Five
c. Seven
d. Ten
Answers
61. c
62. b
63. d
64. b
65. d
66. c
67. d
68. b
69. d
70. c
71. d
72. d
73. b
74. d
75. c
76. a
77. a
78. d
79. a
80. a
61. c
62. b
63. d
64. b
65. d
66. c
67. d
68. b
69. d
70. c
71. d
72. d
73. b
74. d
75. c
76. a
77. a
78. d
79. a
80. a
We hope that Mister Exam has been useful for your exam preparation. If you would like to leave us a note, please write to us here.
