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Real Estate — Property & Ownership

Real Estate Broker board reviewer: property classification and ownership.

Reviewer for Property and Ownership concepts for the Real Estate Broker board.

1

Classes of Property

TypeExamples
Immovable (real)Land, buildings, things attached
Movable (personal)Vehicles, furniture, money
2

Modes of Acquiring Ownership

Ownership may be acquired by occupation, donation, succession (inheritance), prescription, and sale/tradition.

💡 Exam Hack

Sale alone does not transfer ownership — delivery (tradition) does.

3

Co-ownership & Condominium

Co-ownership exists when several persons own a thing pro-indiviso. The Condominium Act (RA 4726) governs condo ownership and common areas.

4

Foreign Ownership

⚠️ Common Mistake

Foreigners generally CANNOT own land in the Philippines, but may own condominium units (up to the 40% foreign cap of a project).

📌 Quick Recap — Master These

Before your exam, make sure you can confidently explain and apply each of the following:

  • Classes of Property
  • Modes of Acquiring Ownership
  • Co-ownership & Condominium
  • Foreign Ownership

Re-read any section above where you hesitate, then explain it aloud in your own words — if you can teach it simply, you understand it. Focus your final review on the tables, formulas, and the common-mistake warnings, since those are where most points are won or lost.