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Real Estate Appraisers Board Exam 2012



The  Real Estate Appraisers Board Exam, also known as the Real Estate Appraisers Licensure Examination, is a board exam facilitated by the Board of  Real Estate Services under the Professional Regulatory Commission to assess the competency of  aspiring real estate appraisers.

As per R.A. 1080, individuals who passed the board exam need not take the civil service exams to be eligible for the following positions:

  • Real Estate Appraiser

Review Courses for Real Estate Appraisers Board Exam

There are review courses that you can take to prepare for the board exam. The content of these review courses may vary depending on the review centers, but they’re mostly based on the examination scope released by the Professional Regulatory Commission which includes:

Fundamentals of Real Estate Appraisal

  • Fundamentals of real estate principles and practices
  • Standards and ethics
    • Philippine Valuation Standard
    • International Valuation Standard
    • National Code of Ethics (DTI)
  •  Theories and principles in appraisal
  •  Human and physical geography
  •  Real estate finance and economics
  • Land management system and real property laws
    • P.D. 957
    • B.P. 220
    • Family Code
    • Government Assessment Principles/Taxation (R.A. 7160, Manual onReal Property Appraisal & Assessment Operations, Guide Book on Mass Appraisal)
    • RESA 9646/IRR
    • R.A. 7279
    • Agri-Law
    • CARPER
    • Condominium Act/RA 4746
    • REIT Law (RA 9856)
    • Other Laws Affecting Real Estate

Professional Appraisal Practice

  • Methodology of appraisal approaches
  • Valuation procedures and research
  • Practical appraisal mathematics (statistics and basic mathematics)
  • Appraisal report writing
  • Appraisal of machinery and equipment
  • Case Studies
    • Specialized Valuation
  • Government assessment principles/taxation (application/computation)
  • Geographical Information System (GIS) (map reading, plotting)
  • Current events

TAKING THE EXAM

Licensure exams for Real Estate Appraisers are usually held once a year. Below are the date and testing locations for the 2012 Real Estate Appraisers Board Exam:

DATE  DAY/s  PLACE DEADLINE OF FILING
July 8, 2012 Sun / Manila, Baguio, Cagayan de Oro,
Cebu, Davao & Iloilo
June 18, 2012

NATIONAL PASSING RATE

The table below shows the number of board passers in the Licensure Exam for Real Estate Appraisers in the last 2 years:

EXAM EXAM TAKERS BOARD PASSERS PASSING RATE
July 2011 955 541 56.64%
October/November 2010 ————- 58 (Approved for registration without examination) ————-

 

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