PRC releases its program for the July 31 Appraiser's Exam
Kudos, PRC!
Because today's (June 25) seminar was cancelled (blame it on that "angry bird"), we kept ourselves busy by sending out as many additional reference materials as we can to our dear CRES Appraisal Batch 1 and 2 students.
On top of our list is the Program for the Appraiser's Licensure Exam on July 31, 2011. It has been running at the then-Downloadables section of the PRC website for almost 2 weeks already. Lately, their website was not accessible, I thought it was poor internet connection or firewall-ing. Turns out they have upgraded their site- simpler and more user-friendly. I should have taken a screen cap of the former layout, so I can make a before-and-after comparison.
Anyhow, here's how the PRC website looks like NOW:
Neat, huh?
The best part is, the DOWNLOADS portion now lets you download documents as PDF FILE that you can save AND share! As a matter of fact, I quickly disseminated the file to everyone in our Appraisal CRES directory. GOOD JOB PRC!
MOVING FORWARD......It's crucial to highlight the two most important information stated in the program: SCHEDULE and SUBJECTS.
SCHEDULE:
7:00-7:45am - General Filling of Information
8:00-12:00noon - Fundamentals of Real Estate Appraisal (50%)
1:00pm-5:00pm - Practical Appraisal Practices
SUBJECTS:
Because today's (June 25) seminar was cancelled (blame it on that "angry bird"), we kept ourselves busy by sending out as many additional reference materials as we can to our dear CRES Appraisal Batch 1 and 2 students.
On top of our list is the Program for the Appraiser's Licensure Exam on July 31, 2011. It has been running at the then-Downloadables section of the PRC website for almost 2 weeks already. Lately, their website was not accessible, I thought it was poor internet connection or firewall-ing. Turns out they have upgraded their site- simpler and more user-friendly. I should have taken a screen cap of the former layout, so I can make a before-and-after comparison.
Anyhow, here's how the PRC website looks like NOW:
Neat, huh?
The best part is, the DOWNLOADS portion now lets you download documents as PDF FILE that you can save AND share! As a matter of fact, I quickly disseminated the file to everyone in our Appraisal CRES directory. GOOD JOB PRC!
MOVING FORWARD......It's crucial to highlight the two most important information stated in the program: SCHEDULE and SUBJECTS.
SCHEDULE:
7:00-7:45am - General Filling of Information
8:00-12:00noon - Fundamentals of Real Estate Appraisal (50%)
1:00pm-5:00pm - Practical Appraisal Practices
SUBJECTS:
Fundamentals of Real Estate Appraisal
1. Fundamentals of real estate principles and practices
2. Standards and Ethics
a. PVS
b. IVS
c. Code of Ethics (DTI)
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
a. PD 957
b. BP 220
c. Family Code
d. Government Assessment Principles/ Taxation (RA 7160, Manual on Real Property Appraisal and Assessment Operations, Guide Book on Mass Appraisal)
e. RESA 9646
f. RA 7279
g. Agri-law
h. CARPER
i. Condominium Act RA 4746
j. REIT Law (RA 9856)
k. Other laws affecting real estate
Professional Appraisal Practice
1. Methodology of appraisal approaches
2. Valuation procedures and research
3. Practical appraisal mathematics (statistics and basic mathematics)
4. Appraisal report writing
5. Appraisal of machinery and equipment
6. Case Studies
a. Specialized valuation
7. Government assessment principles/ taxation (application/computation)
8. Geographical Information System (GIS; map reading, plotting)
9. Current events
Make sure you have all these topics covered in either your Appraisal CRES, group studies, or reference materials. It is always better to expect the worst, and hope for the best.
GOOD LUCK AND GOD BLESS!
