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The Appraiser

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The Appraiser

  1. 1. REAL ESTATE APPRAISER PROFESSION Augusto B. Agosto, EnP, REA, REB University of San Carlos, Cebu City June 17, 2015
  2. 2. Qualification of Lecturer  Real Estate Appraiser  Real Estate Broker  Environmental Planner  A.B., Major in Economics  Bachelor of Laws, 2nd Year  MBA, Major in Real Estate & Property Management (12 units)  Appraisal Commissioner, RTC Lapulapu  Former, Managing Partner, Intech Property Appraisal, Inc.  External Appraiser, Cebu CFI Community Coop, Gen.Milling Corp., UP Cebu, Classical Geometry Export, and more.
  3. 3. Discussion Guide 1. Appraisal Profession 2. Types of Appraisal 3. How do Appraisers earn? 4. How to be successful Appraiser ? 5. What are the prospect of the Profession?
  4. 4. What is an APPRAISAL?  The act of rendering an opinion of value.  Real Estate Appraisal is a very important job of real estate services because no two or more properties are alike.  Republic Act 9646, sec. 3 (a) defines “Appraiser, also known as Valuer, refers to a person who conducts valuation/appraisal; specifically , one who possesses the necessary qualifications, license, ability, and experience to execute or direct the valuation/appraisal of real property.”
  5. 5. TYPES OF APPRAISAL  Market value  Retrospective value  Insurable value  Liquidation value
  6. 6. Other Opportunities  Market Study  Highest best use  Land Titling  Tax Declaration Transfer
  7. 7. How an Appraiser Earn?  Professional Fee  Expert witness  Expertise  Salary
  8. 8. Path to Success  Become an appraiser trainee.  Pass the board exam.  Practice the profession.
  9. 9. Prospects and Challenges  Joint Foreign Chambers (JFC) - establish a regulatory framework for valuation of real estate  IFRS 13 Fair Value Measurement  SEC Guidelines on Valuation of Assets
  10. 10.  Thank you.

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