How to become a Real Estate Appraiser in the Philippines

Real Estate Appraiser

Now that everyone is interested in investing in properties, the real estate industry is booming. As a result, a lot of opportunities are open for those who want to pursue a career in this field. And one of the most popular job positions is a Real Estate Appraiser.

This article will discuss what you need to do to become a real estate appraiser. We will also provide information on the average salary and job outlook for this profession. So if you are looking for a career change or simply curious about real estate appraising, keep reading!

Responsibilities of a Real Estate Appraiser

Appraiser

A real estate appraiser is someone who estimates how much a property is worth. This can be done by conducting a market analysis, comparing similar properties that have been sold in the prior years, and taking into account the property’s current condition.

To develop an accurate estimate, appraisers must be familiar with the property’s area. They should also have a good understanding of how different factors can affect the value of a property. These factors could include things like:

  • Zoning Changes
  • Construction Projects
  • Economic Trends

What are the Requirements to Become a Real Estate Appraiser?

Requirements

In the Philippines, Professional Regulation Commission (PRC) regulates the Real Estate Appraisers. To get your license, you must follow these steps.

  1. Obtain a bachelor’s degree in business administration, economics, or accounting.
  2. Pass the Philippine Real Estate Appraisers Board (PRAB) exams. 
  3. Submit the following requirements to the PRC:
    • Official Transcript of Records
    • Diploma
    • Birth Certificate
    • Marriage Certificate (if applicable)
    • Passport-sized photos
    • PRC license fee
    • Take and pass the oath of professional before a notary public or officer authorized by the Commission.

After completing all of the requirements, you will be issued a professional license and photo identification card.

What is the Average Salary of a Real Estate Appraiser?

The average salary of a Real Estate Appraisers in the Philippines is PHP 20,000 to PHP 30,000 per month. Salaries will vary depending on experience, education, and location. Appraisers who work in Metro Manila earn more than those in the province.

The Job Outlook for Real Estate Appraisers

The job outlook for Real Estate Appraisers in the Philippines is positive. The demand for qualified appraisers is expected to grow as more and more people invest in property. 

With hard work and dedication, you can achieve your goal of becoming a licensed Appraiser. And once you have your license, you can start enjoying the many benefits of this profession!

real estate appraiser benefits

This wraps up our guide on becoming a real estate appraiser in the Philippines. We hope that this article gave you a better understanding of what this profession entails and what it takes to become one.

If you have any questions or comments, please feel free to leave them below. Thank you for reading!

Jane

Jane

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