July 2026 Real Estate Appraiser Board Exam Results: 1,060 Passed (72.80%)

In 2025, my wife and I bought our first piece of land in Indang, Cavite, a 1,230-square-meter raw agricultural lot priced at ₱1,350 per square meter. Before we signed anything, we hired a licensed real estate appraiser. He spent half a day on-site checking the terrain, access road, and market comps across Indang, Silang, Amadeo, and Tagaytay. The BIR zonal value and highest-and-best use rounded out the report. His appraised value came in slightly higher than the seller’s asking price. That one number gave us the confidence to negotiate and move forward. Without it, we were guessing in a market we did not know.

That experience showed me how much a licensed appraiser’s signature is worth. The REALE scoring rules, pass rate history, and what to do next are all below.

July 2026 REALE results: 1,060 out of 1,456 passed

PRC released the July 2026 REALE results on July 9, 2026, two working days after the exam. The Board of Real Estate Service, chaired by Hon. Ofelia C. Binag, administered the exam. Members include Hon. Estelita D. Patdu, Atty. Cecilynne R. Andrade, and Hon. Jessie B. Doctolero. Examinees sat for the test across eleven centers: N.C.R., Baguio, Butuan, Cagayan de Oro, Cebu, Davao, Iloilo, Legazpi, Lucena, Tacloban, and Tuguegarao. For all PRC board exam results this year, visit our PRC board exam results page.

PRC releases results in two stages. Wave 1 is the PDF passers list, which is what you see in the green box above. Wave 2 is the individual rating update on the LERIS portal at online.prc.gov.ph, which typically takes longer to sync. On results day, thousands of examinees hit LERIS at once and the server crashes within minutes, so if your rating has not appeared there yet, check the official PDF list first.

How is the REALE scored?

Passing the REALE requires two conditions met at the same time. Your weighted general average (GWA) must reach at least 75%, and no single subject can fall below 50%. The REALE has no conditional status. Unlike the CPALE, which allows conditional examinees to retake only their failed subjects, the REALE is outright pass or fail. Fail either condition and you retake both subjects in the next cycle.

Because both subjects carry equal weight, there is no safer one to sacrifice. A strong Fundamentals score cannot fully save you if Professional Appraisal Practice drops below 50%. The 50% floor applies equally to both, and it catches more candidates than most people expect going in.

Case 1: Outright pass

Case 2: Fail (GWA miss)

Both subjects clear the 50% floor, but neither score is strong enough. This is the most common GWA failure in the REALE: acceptable in both, but not solid enough in either.

Case 3: Fail (50% floor knockout)

An 82% in Professional Appraisal Practice cannot save a Fundamentals score of 46%. The floor violation kicks in automatically. As a result, both subjects must be retaken in full with no carry-over.

Mid-year versus year-end: the REALE pass rate gap

Mid-year REALE cycles run significantly higher than year-end ones. July and August exams have cleared 65% to nearly 73% over the past three years. July 2026 set a new high at 72.80%. November 2025 dropped to 55.26%, a gap of more than 17 percentage points from July 2026’s result.

Mid-year batches typically include more fresh graduates and first-time takers who are just off a structured review. November batches carry a higher proportion of retakers and candidates who had a longer, less consistent review period. That said, batch size alone does not explain the gap. The same exam standards apply to both cycles.

What our Indang, Cavite land purchase taught me about real estate appraisers

The appraiser we hired for our 1,230-square-meter lot in Indang was not just someone who signed a form. He spent half a day on-site. He walked the terrain, measured the access road width, and found a comparable lot that had recently sold in Silang. Our seller’s price got cross-checked against the BIR zonal value for the area. When his report came back with an appraised value slightly above the asking price, we stopped second-guessing and moved forward. That is what a credible appraisal does: it removes the guessing.

He also mentors younger appraisers preparing for the REALE. Over several conversations while he worked the Indang property, he shared what actually separates first-time passers from retakers. Those insights shaped the next three sections.

The board exam is law-heavy, not valuation-math-heavy

Almost every review guide emphasizes depreciation formulas, capitalization rates, and “highest and best use” drills. The appraiser said this is the single biggest mismatch between how candidates prepare and what the exam actually tests. Professional Appraisal Practice (50% of the REALE) is loaded with property law questions: PD 957, RA 7279, RA 9646 (RESA Law), agrarian reform laws, zoning ordinances, and BIR zonal value application. First-timers who spend most of their time on valuation math often find the legal and standards questions dominating a subject they thought they had covered.

In actual field work, about 70% of an appraiser’s time goes to local market judgment, client communication, and practical decisions. The board exam barely tests any of that. It tests whether you can read a property law provision and apply it correctly under time pressure. Those are two very different skills, and the exam rewards only one of them.

The 50% floor catches more candidates than the GWA does

Most online REALE content says “you need a 75% average.” Few explain that scoring below 50% in even one subject triggers automatic failure regardless of the other score. A candidate can score 82% in Professional Appraisal Practice and still fail if Fundamentals of Real Estate Appraisal comes in at 46%. That is not a hypothetical scenario. The appraiser has seen it happen to candidates who walked into the exam confident about methodology but underestimated the volume of law-based questions in Fundamentals.

The 50% floor is a hard cutoff. It does not negotiate with your GWA.

What the retake looked like

One of the appraiser’s mentees failed the November 2025 REALE with a 72% GWA, but only 47% in Professional Appraisal Practice. He had focused his entire review on valuation math, cost approaches, and income capitalization. The legal and standards content, which makes up a large portion of Professional Appraisal Practice, received almost no dedicated time.

For the retake, he rebuilt his study plan. Around 60% of review time shifted to property laws, appraisal standards, ethics, and integrated case problems. He also practiced writing complete appraisal reports under timed conditions every week, not just multiple-choice drills. He passed the next cycle with an 81% GWA.

The appraiser’s summary: treat the REALE as a law-and-methodology exam first, and a valuation-math exam second. Most who fail have those two reversed.

Career paths after passing the REALE

Your REALE passing result gives you the legal right to sign appraisal reports as a Registered Real Estate Appraiser (RREA) in the Philippines. That signature is what banks, the BIR, and courts actually accept. The PRC credential is the gate to all of it. Our Architects board exam guide covers a similar licensed professional path if you want to compare career trajectories across PRC-regulated fields.

Most new RREAs start at a bank or appraisal firm for the first year or two. This builds their portfolio and gives them exposure to different property types. The appraiser we hired in Indang started at a bank, then moved to freelance after three years. He now earns significantly more, having built a referral network with brokers, lawyers, and developers across Cavite. CALABARZON demand is strong and growing, with residential and industrial projects continuing to expand across Laguna, Batangas, and Cavite.

The abroad path requires additional credentials depending on the country. However, two to three years of local experience and a solid appraisal report portfolio is typically enough to qualify for offshore roles. The salary jump from local to foreign-currency work is the most significant financial move most RREAs make in the first five years.

What to do after your REALE results

If you passed

Seeing your name on the passers list is step one. For the July 2026 batch, registration for your Professional ID and Certificate of Registration opens online starting August 24, 2026. Do this through the official PRC website, prc.gov.ph. Bring a screenshot of your system-generated Registration Form and a valid government-issued ID. You still need to register and sign the Roster of Registered Professionals in person. An online form alone will not complete the process.

You also need a Surety Bond, valid for three years, with a Certificate of Good Standing from the Insurance Commission. Submit the original copy, with a minimum coverage of ₱20,000 and PRC listed as the Obligee. If you work for a government agency, you are exempt from the bond. Submit instead a notarized Certificate of Employment from your office. It must show that you perform appraisal functions and hold an appraiser license. Once your PRC ID is ready, apply for membership in the Institute of Philippine Real Estate Appraisers (IPREA) or the Philippine Association of Realty Appraisers (PARA). Both provide CPD units, job referrals, and the Certificate of Good Standing that many banks and clients require before they will work with you.

If you need to retake

The next REALE is November 2026, historically around the third week of November (the 2025 exam was held on November 23). The application window opens in September 2026. That gives you roughly four to four and a half months from the July results to the next exam.

Take a complete 10 to 14 day break immediately after results, no books and no review videos. Then do an honest post-mortem. Write down exactly which subject cost you points and why. If Professional Appraisal Practice failed you, the fix is more legal review and integrated case problems, not more valuation formulas. Our piece on the teacher who tried 17 times covers the mindset shift that matters most when you are sitting with a failed result.

REALE results archive by batch

PDF downloads by batch

July 2026

November 2025

July 2025

August 2024

September 2023

Frequently asked questions

How many passed the July 2026 Real Estate Appraiser board exam?

PRC passed 1,060 out of 1,456 examinees (72.80%) in the July 2026 REALE. Results were released on July 9, 2026, two working days after the July 7 exam. You can download all four official PDFs from the green box above.

What is the passing score for the REALE?

Your REALE results will show a GWA and two subject scores. You need a GWA of at least 75% and no subject below 50%. A strong score in one subject cannot save a failure in the other if it drops below the 50% floor. Both conditions must be met at the same time.

Is there a conditional status in the REALE?

No. The REALE is outright pass or fail. Unlike the CPALE, there is no conditional provision. Fail either condition and you retake both subjects in November 2026. No partial carry-over exists under the current rules set by RA 9646.

What are the two subjects in the REALE?

Fundamentals of Real Estate Appraisal (50%) covers real estate principles, appraisal theories, standards, ethics, and property laws. Professional Appraisal Practice (50%) covers appraisal methodology, valuation math, report writing, GIS, and government assessment application. Both carry equal weight and must each clear the 50% floor.

When is the next REALE after July 2026?

The next REALE is November 2026, historically held around the third week of November. The application window opens in September 2026. Failed July 2026 examinees have roughly four to four and a half months to rebuild their review approach before the next cycle.

What to do next

Once the REALE results drop, your path depends on where you land. Passers: attend oathtaking, secure your PRC ID, and join IPREA or PARA within the first month. Retakers: take the break, audit your two subject scores honestly, flip your review ratio toward laws and standards, and target November 2026. For updates on all PRC board exam results and licensing guides, visit our PRC board exam results page.