Best Schools for Real Estate Appraisers in the Philippines



Land is one of the most valuable resources in any country. It allows for the creation of residential, commercial, and agricultural areas which produce tremendous economic value. Thus, determining the value of land is a critical and important task. This role makes the job of a Real Estate Appraiser extremely vital.

Real Estate Appraiser Licensure Examination

In the Philippines, the Real Estate Appraiser Licensure Examination is usually conducted once every year, usually in August. However in 2016, an examination was conducted in April as well.

To be qualified as a Real Estate Appraiser test-taker, one must meet the following criteria:

  1. Filipino Citizen;
  2. With good moral character;
  3. Graduate of a Bachelor’s degree in Real Estate Management (BS REM) course. (Previously, the Professional Regulation Commission or PRC allowed a graduate of any course relevant to Real Estate, with at least 120 units of Real Estate topics, to take the board exam. However, the PRC now requires takers to be graduates of BS REM.)

If you are interested to be a Real Estate Appraiser soon, take note of the following general topics which are included in the Real Estate Appraiser Board Exam:

  • Standards, Ethics, and Practices in Real Estate
  • Appraisal Approaches
  • Valuation
  • Reporting Appraisals
  • Financial and Economic Topic in Real Estate

A passer of the Real Estate Appraiser Licensure Examination must have an overall score of 75% while scoring 50% or higher in the two (2) board exam subtests below.

Coverage and Scope of Real Estate Appraiser Board Exam

I. Fundamentals of Real Estate Appraisal (50%)

1. Fundamental of real estate principles and practices

2. Standards and Ethics

  • Philippine Valuation Standard
  • International Valuation Standard
  • National Code of Ethics (DTI)

3. Theories and principles in appraisal

4. Human and physical geography

5. Real estate finance and economics

6. Land management system and real property laws

  • P.D. 957
  • B.P. 220
  • Family Code
  • Government Assessment Principles/Taxation (R.A. 7160, Manual on Real 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

II. Professional Appraisal Practice (50%)

1. Methodology of appraisal approaches

2. Valuation procedures and research

3. Practical appraisal mathematics (statistics and basic mathematics)

4. Appraisal report writing

5. Appraisal of machinery and equipment

6. Case Studies

  • Specialized Valuation

7. Government assessment principles/taxation (application/computation)

8. Geographical Information System (GIS) (map reading, plotting)

9. Current events

Best Real Estate Appraiser Schools in the Philippines

Are you interested to find out the top schools that train the highest number of passers in the Real Estate Appraiser exam? We identify them below.

These data were compiled from previous Real Estate Appraiser Licensure Examinations to find out the schools with the highest Real Estate Appraiser Licensure Examination passing rates. Is your university one of the best schools?

Schools ranked by Real Estate Appraiser Board Exam Passing Rate

RankSchoolPassing RateNumber of PassersTotal Number of Takers
1University of the Philippines Visayas, Miagao97%208213
2Mindanao State University - Naawan, Naawan73%4156
3Central Luzon State University, Science City of Munoz71%92129
4Mindanao State University - Gensan, General Santos City63%91144
5Mindanao State University - Main Campus, Marawi City59%4474
6Iloilo State University of Science and Technology - Main Campus, Barotac Nuevo58%4272
6Western Philippines University - Puerto Princesa, Puerto Princesa City58%4068
7Southern Philippines Agri-Business and Marine and Aquatic School of Technology, Malita50%918
8Pangasinan State University in Binmaley, Binmaley46%49106
9University of Southern Mindanao, Kabacan45%920
10Bicol University - Tabaco, Tabaco City42%68159
11Mariano Marcos State University - Main, Batac City40%1332
11Surigao del Sur State University - Tago Campus, Tago40%410
12University of Antique - Tibiao, Tibiao38%513
12Samar State University, Catbalogan City38%513
13Romblon State University - San Agustin Campus, San Agustin37%616
14Cagayan State University - Aparri Campus, Aparri36%47130
15Mindanao State University - Maguindanao, Datu Odin Sinsuat35%1542
15Mindanao State University - Tawi-Tawi, Bongao35%617
16University of Eastern Philippines, Catarman34%823
17Davao del Norte State College, Panabo City33%2163
17Southern Leyte State University - Bontoc Campus, Bontoc33%824
18Don Mariano Marcos Memorial State University - South, Agoo32%2061
19Bohol Island State University - Calape Campus, Calape30%1136
19Ilocos Sur Polytechnic State College - Narvacan Campus, Narvacan30%413
20Aklan State University - New Washington Campus, New Washington29%1241
21Laguna State Polytechnic University - Los Baños Campus, Los Banos28%1863
21Sorsogon State College - Magallanes Campus, Magallanes28%1760
21Mindoro State College of Agriculture and Technology - Bongabong, Bongabong28%1657
22Partido State University - Sagñay Campus, Sagñay26%726
22Isabela State University - Roxas Campus, Roxas26%623

Note: The table above only ranks the passing rates of First-time takers; repeaters are not included in the passing rate. All figures are based on the four (4) previous Real Estate Appraiser Licensure Examination, specifically the ones held in June in the year 2017, August and April in the year 2016, and August during the year 2015.

Information Sources: PRC Philippines (www.prc.gov.ph); Lamudi.com.ph

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1 thought on “Best Schools for Real Estate Appraisers in the Philippines”

  1. Good day.
    I am presently enrolled at UP Open University taking up Land Valuation Management. Is the course if completed can I be qualified to take the board exam for appraiser?
    Thank you

    Reply

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