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COMPREHENSIVE REVIEWER AND REFRESHER LICENSURE EXAMINATION FOR REAL ESTATE APPRAISER (REA) c

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

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

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