Here’s the 2022 Schedule of Real Estate Licensure Exams

With the potential to secure a competitive salary, create a wide professional network, and seize personal growth, a lot of people are drawn to a real estate career. These perks, however, come with challenges, which are meant to test one’s competence. If you aspire to join this prestigious field, the first challenge you’ll take is a literal test: the licensure exam. 

Under the Real Estate Service Act, more commonly referred to as RESA law, those who want to be registered and licensed as a real estate service practitioner must undergo an examination. This covers real estate consultants, appraisers, and brokers.

Aside from studying smart, part of preparing for the exam is knowing the schedule for your test. 

Schedule of 2022 Real Estate Licensure Exams

Take note of the dates below for the scheduled exams.

Name of Examination Date  Place  Opening of Online Processing  Deadline of Filing Applications Target Date of Release of Exam Results
Real Estate Consultants (Revalida) January 17-21 

February7-11, 14-18, 21-25 

NCR March 1
Real Estate Brokers  April 12  NCR, Baguio, Cagayan de Oro, Cebu, Davao, Iloilo, Legaspi and Tacloban  January 12  March 14  April 18
Real Estate Appraisers September 7 NCR, Baguio, Cagayan de Oro, Cebu, Davao, Iloilo, Legaspi and Tacloban  June 7 August 8  September 12
Real Estate Consultants (Written) December 7 NCR and Cebu  September 7 November 7 December 14

Coverage of the Written Exam

As you plan your study time around the mentioned dates, take note of the topics that will be covered in the written exam. The Professional Regulation Commission (PRC) provides an outline of matters included in the assessment.

For the real estate consultants test, the questions will revolve around these topics:

Fundamentals of Real Estate Consulting 

  1. Fundamentals of consulting 
  2. Standards and ethics 
    1. USPRCP (Uniform Standard of Professional Realty Consultant Practice) 
    2. National code of ethics and responsibilities
  3. Real estate finance and economics 
  4. Land management system and real property laws 
    1. P.D 957, B.P. 220, Family Code, Civil Code, Commercial Laws, National Internal Revenue Code, RESA 9646/IRR 
    2. Condominium Law, Real Estate Investment Trust (REIT), Time Sharing, Cooperatives 

Professional Consultancy Practice 

  1. Consulting tools and techniques, which include project feasibility study and investment measurement tools 
  2. Real estate consulting and investment analysis 
  3. Consulting for specific engagement, which includes consulting residential, commercial, industrial, recreation and resort and hotel properties, and consulting for government and corporate and financial institutions 
  4. Consulting for distressed properties 
  5. Leasing and buying analysis of properties 
  6. Business communication/Technical writing 
  7. Environmental Impact Assessment (EIA) Study 
  8. Current Events 
  9. Cases Studies

As for the real estate brokers exam, the questions will test your understanding in the areas written below. Take note of these application procedures, requirements, and tips as you prepare for the exam.

General/Fundamentals 

  1. Fundamentals of property ownership 
  2. Code of ethics and responsibilities 
  3. Legal requirements for real estate service (RA 9646/IRR) 
  4. Real estate laws and taxation (Agri Law, CARPER, RA No. 7160/8424, etc) 

Special and Technical Knowledge 

  1. Subdivision development (incl., P.D. 957, B.P. 220, P.D. 7279) 
  2. Condominium concept and other types of real estate holding 
  3. Legal aspect of sale, mortgage, and lease 
  4. Documentation and registration 

Professional Practice 

  1. Real estate brokerage practice 
  2. Real estate finance and economics 
  3. Urban and land use 
  4. Planning, development, and zoning 
  5. Basic principles of ecology 
  6. Basic appraisal for real estate brokers

Meanwhile, if you’re planning to take the real estate appraisers exam, these topics should be part of your review:

Fundamentals of Real Estate Appraisal 

  1. Fundamentals of real estate principles and practices 
  2. Standards and ethics 
    1. Philippine Valuation Standard 
    2. International Valuation Standard 
    3. National Code of Ethics 
  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
    1. PD 957 
    2. BP 220 
    3. Family Code 
    4. Government Assessment Principles/Taxation 
    5. RESA 9646/IRR 
    6. RA 7279 
    7. Agri-Law 
    8. CARPER 
    9. Condominium Act/RA 4726 
    10. REIT Law (RA 9856) 
    11. Other Laws Affecting Real Estate 

Professional Appraisal Practice 

  1. Methodology of appraisal approaches 
  2. Valuation procedures and research 
  3. Practical appraisal mathematics 
  4. Appraisal report writing 
  5. Appraisal of machinery and equipment 
  6. Case studies (including Specialized Valuation)
  7. Government assessment principles/taxation (application/computation) 
  8. Geographical Information System (map reading and plotting) 
  9. Current events

A career in the real estate industry offers a lot of life-changing opportunities. But before you’re able to live the dream career, prove yourself knowledgeable and competent by passing the licensure exam. These tips should help you study smart and make the most of your preparation time.

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