MCJR Realty & Development Incorported

FREQUENTLY ASK QUESTIONS

I. The Real Estate Transaction

   A. Competence of the Parties
     1. Citizenship
     2. The Age of Majority or the Age of Emancipation
     3. Marriage
     4. Absolute Incapacity

   B. The Object of Transaction
     1. Real Estate Definition
     2. Classification of Real Estate
     3. Price or Consideration

II. The Main Real Estate Contracts

   A. Purchase and Sale
     1. Type of Sales Agreement
     2. Perfection and Consummation of Sale
     3. Transfer of Ownership

   B. Mortgage
     1. Nature of Mortgage
     2. Essential Requisites
     3. Assignment of Mortgage
     4. Cancellation of Mortgage
     5. Foreclosure of Mortgage
     6. Redemption and Equity of Redemption

   C. Lease
     1. Property Subject to Lease
     2. Obligation of the Parties
     3. Lease Period is not Fixed
     4. Registration of the Lease Contract
     5. Asssignment of Lease Policy
     6. Expiration and Renewal of the Lease
     7. Lease of Private Lands by Foriegn Investors

   D. Rent Control Law

BASIC REAL ESTATE COMPUTATIONS

REAL ESTATE - RELATED DOCUMENTS AND LEGAL PROCESSES

REALTOR'S CODE OF ETHICS