Free Practice Questions for PRC Real Estate Consultant

Exam-style questions and explanations by OpenExamPrep.

✓ No registration✓ No credit card

100+ Questions

100% Free

Loading practice questions...

Same family resources

Explore More PRC Philippines Real Estate

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

PRC Real Estate Appraiser Licensure Examination

Practice Questions100 questions

PRC Real Estate Broker Licensure Examination

Practice Questions100 questions

Sample PRC Real Estate Consultant Practice Questions

Try these sample questions to review concepts for the PRC Real Estate Consultant exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Section 3 of Republic Act No. 9646 (RESA), which practitioner is defined as one who offers professional advice and judgment on the acquisition, enhancement, preservation, utilization, or disposition of land or improvements?

A.Real estate consultant

B.Real estate broker

C.Real estate appraiser

D.Real estate assessor

Explanation: Section 3(g) of RA 9646 explicitly defines a real estate consultant as a licensed professional who offers professional advice and judgment on the acquisition, enhancement, preservation, utilization, or disposition of land or improvements, distinguishing this role from transactional brokerage or pure appraisal.

2What is the composition of the Professional Regulatory Board of Real Estate Service (PRBRES) under RA 9646?

A.One Chairperson and two members

B.One Chairperson and three members

C.One Chairperson and four members

D.One Chairperson and five members

Explanation: Section 4 of RA 9646 dictates that the PRBRES shall be composed of a Chairperson and four members, who are appointed by the President of the Philippines from a list of nominees submitted by the PRC.

3What is the minimum number of years of experience required for a licensed Real Estate Broker to qualify to take the Real Estate Consultant Licensure Examination?

A.3 years

B.5 years

C.7 years

D.10 years

Explanation: Section 14 of RA 9646 and its IRR specify that to qualify for the Real Estate Consultant Licensure Examination, a candidate must have at least ten (10) years of experience as a licensed real estate broker.

4What is the minimum experience requirement for a licensed Real Estate Appraiser to qualify for the Real Estate Consultant Licensure Examination?

A.3 years

B.5 years

C.7 years

D.10 years

Explanation: Under the implementing guidelines of RA 9646, a licensed real estate appraiser must have at least five (5) years of active experience in property appraisal to qualify to take the consultant board exam.

5According to the Uniform Standards of Professional Realty Consultant Practice (USPRCP), which professional principle is compromised when a consultant accepts an assignment with a fee contingent on the valuation outcome?

A.Confidentiality

B.Competence

C.Objectivity and Independence

D.Professional Behavior

Explanation: Objectivity and Independence require that a consultant's judgment remains unbiased. A contingent fee linked to a target valuation or transaction outcome introduces a direct financial incentive that compromises this independence.

6Under the National Code of Ethics and Responsibilities (COER) for real estate service practitioners, what is the primary duty of a consultant when a conflict of interest arises?

A.Decline the assignment immediately without explanation

B.Proceed with the assignment but charge a lower fee to offset bias

C.Disclose the interest in writing and obtain written consent from all affected parties

D.Assign the project to a subordinate to avoid direct personal involvement

Explanation: The COER mandates that if a conflict of interest arises, the practitioner must make full written disclosure to the client and secure written consent from all affected parties before proceeding with the advisory services.

7What is the term of office for the Chairperson and members of the PRBRES under RA 9646?

A.Two years

B.Three years

C.Four years

D.Five years

Explanation: Section 5 of RA 9646 states that the Chairperson and members of the PRBRES shall hold office for a term of three (3) years from the date of their appointment and until their successors shall have been appointed and qualified.

8Which of the following is considered an unethical practice for a real estate consultant when dealing with client information?

A.Refusing to accept a project outside the consultant's field of competence

B.Disclosing client acquisition plans to a third party without written consent, even if it benefits the client

C.Charging a professional fee based on hourly rates or a lump-sum agreement

D.Discussing public zoning laws that affect the client's property in a professional seminar

Explanation: The fiduciary duty of confidentiality prevents the disclosure of non-public client plans to third parties without prior written consent, regardless of whether the consultant believes the disclosure is beneficial.

9Under RA 9646, who is responsible for nominating candidates for the PRBRES to the Professional Regulation Commission (PRC)?

A.The President of the Philippines

B.The Secretary of the Department of Finance

C.The Accredited Integrated Professional Organization (AIPO) of real estate service practitioners

D.The Commissioner of the Bureau of Internal Revenue

Explanation: Section 4 of RA 9646 provides that candidates for the PRBRES are nominated by the AIPO (officially PhilRES), which submits three nominees for each vacancy to the PRC for selection.

10What is the status of a real estate consultant who practices without a valid Certificate of Registration and Professional Identification Card under RESA?

A.A registered practitioner in good standing, provided they pay the annual dues

B.A licensed practitioner under temporary suspension

C.Engaging in unauthorized practice, subject to criminal penalties and fines

D.An exempt practitioner if working for a government agency

Explanation: Section 29 and 39 of RA 9646 state that practicing real estate service without a valid registration and license constitutes unauthorized practice (colorum), which is a criminal offense punishable by fines and imprisonment.

About the PRC Real Estate Consultant Exam

The PRC Real Estate Consultant Licensure Examination (RECLE) is the highest level of professional real estate licensing in the Philippines. It validates the capability of advanced practitioners to provide strategic advisory services, feasibility study evaluations, and investment consulting. To qualify, candidates must have at least 10 years of experience as a licensed broker or 5 years as an appraiser. The examination requires passing a written MCQ board test, followed by an oral defense (revalida) of a self-prepared Project Feasibility Study (PFS) before the PRBRES board members.

Exam sponsor: Professional Regulation Commission (PRC) & Professional Regulatory Board of Real Estate Service (PRBRES). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

The licensure exam has a written part consisting of 120 multiple-choice questions testing fundamentals of consulting and professional practice, followed by the submission and oral defense (revalida) of a Project Feasibility Study (PFS).

Time Limit

4 hours (written portion)

Passing Score

A general average rating of at least seventy-five percent (75%) across the written and practical/defense parts of the exam.

Exam / Certification Fees

₱900.00 (plus notary and document processing fees)

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

30%

Fundamentals of Real Estate Consulting

Scope of practice under RA 9646, code of ethics, USPRCP standards, real estate finance/economics, and property laws.

30%

Professional Consultancy Practice

Strategic advisory tools, location and site selection analysis, due diligence audits, and project development consulting.

20%

Project Feasibility Study (PFS)

Core feasibility structures (technical, market, financial, socio-economic, and organizational viability).

20%

Oral Defense / Revalida

Defending the submitted feasibility study and answering technical consulting and valuation questions before the board.

Preparing for the PRC Real Estate Consultant Exam

What You Need to Know

Passing score: A general average rating of at least seventy-five percent (75%) across the written and practical/defense parts of the exam.
Assessment: The licensure exam has a written part consisting of 120 multiple-choice questions testing fundamentals of consulting and professional practice, followed by the submission and oral defense (revalida) of a Project Feasibility Study (PFS).
Time limit: 4 hours (written portion)
Exam / certification fees: ₱900.00 (plus notary and document processing fees) Official sources

Using Our Practice Resources

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

PRC Real Estate Consultant: Suggested Study Strategy

1Memorize the structural components of the Project Feasibility Study (PFS) and be ready to justify your financial metrics (NPV, IRR, Payback Period, WACC) during the oral revalida defense.

2Understand the statutory differences between a consultant, broker, and appraiser under RA 9646 (RESA). Review the AIPO (PhilRES) functions and code of ethics (COER) regarding client conflict disclosure.

3Practice financial calculations under the Income Approach, particularly Direct Capitalization and Discounted Cash Flow models, as well as cost depreciation types (physical, functional, economic obsolescence).

Frequently Asked Questions

What are the eligibility requirements for the Real Estate Consultant Licensure Examination in the Philippines?

Applicants must be Filipino citizens, possess a relevant bachelor's degree, and have at least ten (10) years of experience as a licensed real estate broker OR five (5) years of experience as a licensed real estate appraiser. A clean criminal record and submission of a Project Feasibility Study are also required.

What is the structure of the PRC Consultant exam?

It is divided into two phases: first, a written examination containing 120 multiple-choice questions covering consulting fundamentals and professional practice; second, a scheduled oral revalida where the candidate defends their submitted Project Feasibility Study (PFS) before the PRBRES board members.

What is the passing rate and score required for the consultant license?

To pass, a candidate must obtain a general average rating of at least seventy-five percent (75%) across the written and practical/oral defense components, without scoring below fifty percent (50%) in any individual subject.

Which laws are most critical to study for the consultant exam?

Key legislations include RA 9646 (RESA Law) and its IRR, the Condominium Act (RA 4726), the REIT Act (RA 9856), PD 957 (Subdivision and Condominium Buyer's Protective Decree), BP 220 (Socialized Housing Standards), the Local Government Code (real property taxation), and tax regulations governing capital gains, documentary stamps, and VAT.