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COMPREHENSIVE
REVIEWER AND REFRESHER
LICENSURE EXAMINATION FOR
REAL ESTATE APPRAISER (REA)
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ALL RIGHTS RESERVE

No portion of this manuscript may be reproduced, copied or disseminated in any manner without the written
permission of the authors. Any unauthorized reproduction, copying or dissemination of any portion of this book shall
be prosecuted in accordance with law.

Red October Educational and Review Center

ACEBUREAU APPRAISAL
City Realty Holdings
Copyright: 2010 Edition

Foreword
When Republic Act 9646, Known as the Real Estate Service Act of 2009 became
law, The PRC (Philippine Regulation Commission) was tasked to supervised and
regulating the Real Estate Profession. PRC then prescribe the Licensure
Examination for Real Estate Broker, Real Estate Appraiser and Real Estate
Consultant
The state recognizes the vital role of Real Estate Service practitioners in the
social, political, economic development and progress of the country by
promoting the real estate market, simulating economic activity and enhancing
government income from real property based-transactions, hence, it shall
develop and nurture through proper and effective regulation and supervision a
COPYRIGHT 2010:
RED OCTOBER EDUCATIONAL AND REVIEW CENTER; ACEBUREAU APPRAISAL; CITY REALTY HOLDINGS c

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corps of technically competent, responsible and respected professional real

estate service practitioners whose standards of practice and service shall be
globally competitive and will promote the growth of real estate industry (Rule 1,
sec. 2 of the IRR of RA 9646)
To pass any kind of examinations, a thorough study and preparation is very
important indeed.
The Authors
EXAMINATION TIPS AND HELPFUL STRATEGIES
ON TAKING BOARD EXAM
1.cFollow Directions
Since most types of exam are given under time limit, it is indeed a must that you understand and read the
every direction carefully in each part of the exam. This will help your save time and boom your confidence
and when you know that you are on the right tract

2.cSkipping Test Items

Most of the exam questions are arrange such that earlier questions are more difficult to answer than on the
later part, it is advisable to answer the easy one first and go to harder questions later and avoid wasting time
on puzzling questions.

3.cProcess of Elimination
Use an educated and reasonable guess, eliminate to answer choices that are not related to the question. Do
not use random it will work against you and it is not worth at all to guess.

4.cStudy Seriously
This reviewer provides you with a comprehensive review material on the actual board exam. Best effort that
you familiarized all the questions provided.

5.cPray to GOD
The power of faith gives us confidence and enlightenment, Study with prayer.
May GOD bless us All. AD MAJOREIM DEI GLORIAM

TABLE OF CONTENTS
PART I: Fundamentals of Real Estate Appraisal
COPYRIGHT 2010:
RED OCTOBER EDUCATIONAL AND REVIEW CENTER; ACEBUREAU APPRAISAL; CITY REALTY HOLDINGS c

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1.)cFundamentals of Real Estate Principles and practice

2.)cStandards and Ethics
3.)cTheories and Principle of Appraisal
4.)cHuman and Physical Geography
5.)cReal estate finance and economics
6.)cLand Management system and property laws
PART II: Professional Appraisal Practice
1.)cMethodology of Appraisal Approaches
2.)cValuation procedure and research
3.)cAppraisal report writing
4.)cCase studies
PART III: Answer key

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COPYRIGHT 2010:
RED OCTOBER EDUCATIONAL AND REVIEW CENTER; ACEBUREAU APPRAISAL; CITY REALTY HOLDINGS c

c/9c

COPYRIGHT 2010:
RED OCTOBER EDUCATIONAL AND REVIEW CENTER; ACEBUREAU APPRAISAL; CITY REALTY HOLDINGS c

c/c