Practice question
Government-acquired tax real estate is to be disposed of by private sale under 216. What prior approval does that route require?
- Only the buyer's own approval.
- Only an unrelated real-estate broker's signature.
- No approval because it is private.
- Approval of the Secretary of Finance.
- Only a neighborhood survey.
Legal references
- NIRC Sections208-210,215-219: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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