What to Expect in the 2023 Real Estate Licensure Exams

Last Updated on January 4, 2023 by Lamudi

A lot of professionals would agree that working in the real estate industry is a very rewarding experience. From creating a vast professional network and gaining a competitive salary to pursuing personal growth, the real estate industry surely has a lot to offer. 

Are you ready to start your journey toward becoming a real estate professional? The first step is to take and pass the licensure exam. 

The licensure exam is administered and organized by the Professional Regulatory Board for Real Estate Practice under the Professional Regulation Commission (PRC). As stated in the Real Estate Service Act, more commonly known as RESA law, aspiring real estate practitioners, not limited to consultants, appraisers, and brokers, are required to take the exam. 

With this, taking note of the schedule and coverage of the Real Estate Licensure Exam in 2023 is a vital step in your preparation. 

Schedule of 2023 Real Estate Licensure Exams

Here are the dates to remember for the scheduled exams. These dates are the schedule of this year’s real estate licensure exams. The dates will be updated once the schedule of real estate licensure exams for 2023 has been released by the PRC. 

Name of Examination Date  Place  Opening of Online Processing  Deadline for Filing Applications Target Date of Release of Exam Results
Real Estate Consultants (Revalida) January 9-13 NCR, Baguio, Cebu, Davao, Iloilo, and Legazpi November 2, 2022 December 9, 2022 January 17
Real Estate Brokers  March 16  NCR, Baguio, Butuan, Cagayan de Oro, Cebu, Davao, Iloilo, Legazpi, and Tacloban  January 16 March 16 April 18
Real Estate Appraisers September 6 NCR, Baguio, Butuan, Cagayan de Oro, Cebu, Davao, Iloilo, Legazpi, and Tacloban  June 6 August 7  September 11
Real Estate Consultants (Written) December 6 NCR, Cebu, Davao, and Iloilo  September 6 November 6 To be announced.

Topics to Cover for the Written Exam

The Real Estate Licensure Exam is composed of 13 real estate-related subjects that may be altered by the PRC as they see fit. Here are some of the topics to be covered in the written exam that you can use as a reference when studying.

The questions for the real estate consultant test will primarily involve the following: 

Fundamentals of Real Estate Consulting 

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

On the other hand, the questions in the real estate brokers exam aim to assess your knowledge in the subjects below. You may also follow these tips to be more prepared 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, here are the topics to note for the real estate appraisers’ exams. 

Fundamentals of Real Estate Appraisal 

  1. Fundamentals of real estate principles and practices 
  2. Standards and ethics 
    • Philippine Valuation Standard 
    • International Valuation Standard 
    • 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
    • PD 957 
    • BP 220 
    • Family Code 
    • Government Assessment Principles/Taxation 
    • RESA 9646/IRR 
    • RA 7279 
    • Agri-Law 
    • CARPER 
    • Condominium Act/RA 4726 
    • REIT Law (RA 9856) 
    • 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

List of Schools Offering Real Estate Courses 

Some of the licensure requirements for the Real Estate Broker Board Examination are a Bachelor’s degree in Real Estate Management along with other documents and an entrance fee of PHP 900. 

With this, here are some of the schools that offer real estate courses for aspiring brokers. 

  • LUZON
    • Philippine Christian University – Manila
    • Trinity University of Asia – Quezon City
    • Manila Business College – Manila
    • New Era University – Quezon City
    • St. Dominic College of Asia – Bacoor, Cavite 
    • Batangas Eastern Colleges – San Juan, Batangas
    • Lyceum of Alabang – Muntinlupa
    • National College of Science and Technology – Dasmariñas, Cavite
    • Emilio Aguinaldo College – Dasmariñas, Cavite
    • Angeles University Foundation – Angeles City, Pampanga
  • VISAYAS
    • University of Cebu – Cebu City
    • Southwestern University – Cebu City
    • Central Philippine University – Iloilo City
    • College of St. John – Roxas – Roxas City
  • MINDANAO
    • University of Mindanao – Davao City
    • Saint Joseph Institute of Technology – Butuan City
    • Misamis University – Ozamiz City

During exams, it’s always good to be prepared. Organize your study plans to make the most out of your review sessions. With adequate preparation and confidence, you will surely achieve your aspirations and professional goals. 

Learn more about the steps to becoming a real estate professional through this link

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