SUMMARY OF EXAM RESULTS
Real Estate Appraiser Result TOP 10 PASSERS
Real Estate Appraiser Result TOP PERFORMING SCHOOLS
The licensure examination encompassed a wide range of subjects, including:
Foundational Aspects of Real Estate Appraisal
Fundamentals of real estate principles and practices
Adherence to standards and ethical considerations
Philippine Valuation Standard
International Valuation Standard
National Code of Ethics (DTI)
Theories and principles relevant to appraisal
Consideration of human and physical geography
Understanding of real estate finance and economics
Knowledge of land management systems and real property laws, including PD 957, BP 220, Family Code, Government Assessment Principles/Taxation (R.A. 7160, Manual on Real Property Appraisal and Assessment Operations, Guide Book on Mass Appraisal), RESA 9646/IRR, RA 7279, Agri-Law, CARPER, Condominium Act/RA 4726, REIT Law (RA 9856), and other laws impacting the real estate domain.
Proficiency in Professional Appraisal Practices
Mastery of appraisal approach methodologies
Skill in valuation procedures and research techniques
Competence in practical appraisal mathematics, encompassing statistics and basic mathematical concepts
Proficiency in crafting comprehensive appraisal reports
Capability to appraise machinery and equipment
Application of knowledge through case studies
Specialized valuation expertise
Proficiency in government assessment principles and taxation (application and computation)
Familiarity with Geographical Information System (GIS), including map reading and plotting
Staying informed about current events relevant to the field.
To initiate the registration process, individuals are recommended to complete their registration online via the official Professional Regulation Commission website, adhering to the provided online registration instructions.
The prescribed registration prerequisites include: the Notice of Admission (solely for identification purposes); the properly filled-out Oath Form or "Panunumpa ng Propesyonal"; two passport-sized ID photographs with a white backdrop and a complete name tag; two sets of documentary stamps; and a single short brown envelope.
Moreover, candidates who have passed the licensure examination are obliged to personally enroll and affix their signature in the "Roster of Registered Professionals."
The Professional Regulation Commission (PRC) announces that 596 out of 849 passed the Real Estate Appraisers Licensure Examination given by the Board of Real Estate Service in N. C. R., Baguio, Butuan, Cagayan de Oro, Cebu, Davao, Iloilo, Legazpi and Tacloban this September 2023.
The members of the Board of Real Estate Service who gave the licensure examination are Hon. Ofelia C. Binag, Chairman; Hon. Rafael M. Fajardo, Hon. Jose Arnold M. Tan and Hon. Pilar M. Torres-Banaag, Members.
The results were released in three (3) working days after the said examination.
From October 23 to October 24, 2023, registration for the issuance of Professional Identification Card (ID) and Certificate of Registration will be done on-line. Please go to www.prc.gov.ph and follow instructions for initial registration. Those who will register are required to bring the following: downloaded duly accomplished Oath Form or Panunumpa ng Propesyonal, notice of admission (for identification only), 2 pieces passport sized pictures (colored with white background and complete name tag), 2 sets of documentary stamps and 1 piece short brown envelope.
All registrants are likewise required to submit an original copy of Surety Bond for three ( 3 ) years (with certificate of good standing from the Insurance Commission), minimum amount of which is P 20,000.00, with the Professional Regulation Commission (PRC) as Obligee. For government employees, no Surety Bond is required, but instead, submission of a notarized original Certificate of Employment showing that such appraiser license is an eligibility requirement of his/her employment from their respective offices.
Successful examinees should personally register and sign in the Roster of Registered Professionals.
The date and venue for the oathtaking ceremony of the new successful examinees in the said examination WILL BE ANNOUNCED LATER.
The PRC may release the September 2023 Real Estate Appraiser Exam results either before or after the anticipated date, and they may do so without advance notification.
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