DECIRES - Activity #1:
Identification:
1. What are the types of trust funds commonly used in real estate transactions?
- Escrow Account
- Title Company Trust Account
- Construction Trust Fund
- Rental Security Deposit trust account
2. Name two prohibited discriminatory practices under fair housing laws in the Philippines.
- Discrimination Based on Race, Color, or Ethnicity
- Discrimination Based on Gender
3. What are three common challenges in renovating and rehabilitating older properties?
- Structural Issues
- Compliance with Building Codes and Regulations
- Hidden Problems and Unknowns
4. List three factors to consider when developing green and sustainable properties.
- Energy Efficiency
- Water Conservation
- Material Selection and Resource Efficiency
5. Define the term "tenant mix" in commercial property management.
- "Tenant mix" in the context of commercial property management refers to the mix and
variety of tenants inhabiting a commercial property or a particular space within one, such as
a mall, office building, or retail complex. In order to create a balanced and harmonious
environment, tenants with a variety of company kinds, sizes, and target audiences are
carefully chosen and placed across the property.
Multiple Choice:
1. Which of the following is NOT a type of trust fund? (B. Rental Income)
a) Escrow account
b) Rental income
c) Security deposit
d) Earnest money deposit
2. Which characteristic is NOT protected under fair housing laws in the Philippines? (C. Age)
a) Race
b) Gender
c) Age
d) Disability
3. What is a key consideration in renovating and rehabilitating older properties? (C. Maintaining
historical integrity)
a) Adding more floors
b) Ignoring building codes
c) Maintaining historical integrity
d) Using low-quality materials
4. Which of the following is NOT a sustainable design feature for green properties? (C. Non-recyclable
materials)
a) Energy-efficient lighting
b) Rainwater harvesting
c) Non-recyclable materials
d) Solar panels
5. What is the primary goal of tenant mix in commercial property management? (B. Minimizing
vacancies)
a) Maximizing rental income
b) Minimizing vacancies
c) Promoting diversity and inclusivity
d) Negotiating lease agreements
6. The process of handling trust funds in a way that complies with legal requirements and avoids legal
liabilities is called: (B. Trust fund administration)
a) Trust fund management
b) Trust fund administration
c) Trust fund compliance
d) Trust fund handling
7. The Fair Housing Act in the Philippines prohibits discrimination based on:(D. All of the Above)
a) Religion and political affiliation
b) Marital status and education
c) Sexual orientation and gender identity
d) All of the above
8. When renovating older properties, one common challenge is: (B. Excessive maintenance costs)
a) Lack of historical value
b) Excessive maintenance costs
c) Limited design options
d) Lack of demand in the market
9. Which factor is NOT considered in developing green and sustainable properties? (B. Costeffectiveness)
a) Energy efficiency
b) Cost-effectiveness
c) Water conservation
d) Use of environmentally friendly materials
10. Tenant screening is an important practice in: (C. Both residential and commercial property
management)
a) Residential property management
b) Commercial property management
c) Both residential and commercial property management
d) None of the above