PERFORMANCE OF SCHOOLS: August 2024 Real Estate Appraiser Licensure Exam (REALE)

The Professional Regulation Commission (PRC) announces that 941 out of 1,440 passed the Real Estate Appraisers Licensure Examination given by the Board of Real Estate Service in N. C. R. this August 2024.

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 two (2) working days after the said examination.

Summary of Results

Performance of Schools
REAL ESTATE APPRAISER LICENSURE EXAM
Held on August 8, 2024
Released on August 12, 2024

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Top Performing Schools
REAL ESTATE APPRAISER LICENSURE EXAM
Held on August 8, 2023
Released on August 12, 2023

Follow us on Facebook, Instagram & Twitter for real-time updates!

Initial Registration for New Professionals

The schedule of Online Registration of new passers/successful examinees for the issuance of their licenses will be held on the following dates:

Starting October 10, 2024, 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.

Initial registrants are advised to register online via PRC Official Website (Online Registration Page) and follow the steps in online registration. Here are the registration requirements:

Notice of Admission/NOA (for identification purposes only)
Duly accomplished Oath Form or Panunumpa ng Propesyonal
Two (2) pieces of passport-sized ID photos in white background and with complete name tag
Two (2) sets of documentary stamp
One (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.

Verification of Rating

The verification of ratings and test results for the August 2024 Real Estate Appraiser Licensure Exam (REALE) will be available online few working days after the posting of results.

Successful takers can refer to PRC Official Website and use the Verification Page to know their board examination passing rate.

As posted, a passer shall only provide the exam name, the date of examination, the application number, first name and last name and the birth-date.

Oath-Taking Ceremonies

The date and venue for the oathtaking ceremony of the new successful examinees in the said examination WILL BE ANNOUNCED LATER.

All successful examinees interested in attending the face-to-face mass oath-taking shall register no later than 12:00 NN of the day before the date of the oath-taking at http://online.prc.gov.ph to confirm their attendance. The exact date, of whether the oath-taking will be conducted face-to-face or virtual, will be provided here once announced.

Further, inductees shall bring ANY of the following on the day of the oath-taking:

Vaccination Card
Negative RT-PCR results taken within 48 hours before the oath-taking

Inductees are advised to register and confirm their attendance in the regions where they took their licensure examination and intend to register as professionals.

Meanwhile, those who will not be able to attend the scheduled face-to-face mass oath-taking may attend the online oath-taking or request for a special oath-taking.

Exam Coverage

The August 2024 Real Estate Appraiser Licensure Exam (REALE) covered the following topics:

Fundamentals of Real Estate Appraisal

Fundamentals Real Estate Principles and Practices; Standards and Ethics (Philippine Valuation Standard; International Valuation Standard; National Code of Ethics); 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 on Real 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 Effective Real Estate Service);

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; and Current Events

Exam Statistics and Passing Rate

Exam Date	No. of Examinees	No. of Passers	Passing Rate
September 2023	849	596	70.20%
September 2022	626	356	56.87%
September 2021	167	134	80.24%
August 2019	259	163	62.93%
September 2017	1,501	555	36.98%
July 2017	16	12	75.00%
April 2016	3,794	1,271	33.50%
August 2015	4,731	2,462	52.04%

PRC Regional Offices Directory

If you have concerns and you need help from the Professional Regulation Commission, you can now access their office address, contact number and email address through this link: PRC Official Directory

PRC LERIS Account Assistance

If you have technical concerns with the with your LERIS account, including resetting your password, mismatched record edit, and other related concerns, you may email the Licensure Exam Division through the following emails:

licensure.division@prc.gov.ph
licensure.office@prc.gov.ph

Exam Updates

To keep updated on the official results and other updates regarding the conduct of the August 2024 Real Estate Appraiser Licensure Exam (REALE), we advise our visitors to bookmark this page, visit PRC’s official website, follow us on our social media pages:

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