OREP- Organization of Real Estate Practitioners

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OREP based in Riyadh, Saudi Arabia is a non-profit & non-religious group of Real Estate Practitioners formed in the Kingdom of Saudi Arabia to promote Filipino connection and its function as a licensed real estate practitioners.

Part 3 ResultsπŸŽ‰ Congratulations to Our Top Performers! πŸŽ‰We are proud to recognize the outstanding achievements of our to...
02/06/2026

Part 3 Results

πŸŽ‰ Congratulations to Our Top Performers! πŸŽ‰

We are proud to recognize the outstanding achievements of our top performers in the third part of our OREP 1,000 Mock Exam Challenge.

Your hard work, dedication, and commitment to excellence truly set you apart. Keep up the great momentum as you continue striving for success!
πŸ‘ Well done to each and every one of you!

β€œRA 3765 ensures that borrowers understand the true cost of credit.Real estate appraisers contribute by ensuring that th...
02/06/2026

β€œRA 3765 ensures that borrowers understand the true cost of credit.

Real estate appraisers contribute by ensuring that the property value used in the loan is fair and accurate making the disclosures truthful and meaningful.”

Remember the idea of this law!
- Accurate Appraisal
- Reliable Loan Amount
- Proper Disclosure
- Informed Borrower

πŸŽ‰ Congratulations to Our Top Performers! πŸŽ‰We are proud to recognize the outstanding achievements of our top performers i...
01/06/2026

πŸŽ‰ Congratulations to Our Top Performers! πŸŽ‰

We are proud to recognize the outstanding achievements of our top performers in the second part of our OREP 1,000 Mock Exam Challenge.

Your hard work, dedication, and commitment to excellence truly set you apart. Keep up the great momentum as you continue striving for success!
πŸ‘ Well done to each and every one of you!

WHAT IS A SINKING FUND?A sinking fund is a fund created by setting aside money periodically to accumulate a specific amo...
01/06/2026

WHAT IS A SINKING FUND?
A sinking fund is a fund created by setting aside money periodically to accumulate a specific amount in the future, usually for debt repayment or asset replacement.

FORMULA OF SINKING FUND
S=RΓ—(((1+i)^n-1))/i

Where:
S = Future Value (Target Fund)
R = Periodic Payment
i = Interest Rate per period
n = Number of periods

CASE SCENARIO
A company wants to accumulate β‚±500,000 in 5 years by depositing money annually into a sinking fund that earns 6% interest per year.
Find: Annual deposit (R)

STEP-BY-STEP SOLUTION
Step 1: Identify the given values
S = 500,000
i = 6% = 0.06
n = 5

Step 2: Substitute into formula
500,000=RΓ—(((1.06)^5-1))/0.06

Step 3: Calculate
(1.06)^5β“œ=1.338226─
1.338226-1=0.338226
0.338226/0.06=5.6371

Step 4: Solve for R
R=500,000/5.6371
R=88,696.50

FINAL ANSWER:
The company must deposit β‚±88,696.50 annually.

SPLE REAL ESTATE APPRAISER EXAM UPDATEOne of our reviewees who took the Real Estate Appraiser Examination today in Singa...
31/05/2026

SPLE REAL ESTATE APPRAISER EXAM UPDATE

One of our reviewees who took the Real Estate Appraiser Examination today in Singapore through the Special Professional Licensure Examination (SPLE) shared that the REA exam was significantly different and more challenging compared to previous examinations.

Please be prepared for a new level of challenge under PRBRES.

Review thoroughly, stay focused, and be ready for possible changes in exam coverage and question formats.

Stay confident. Stay prepared. Give your best. Join our next review session on June 12 at 6PM Philippine Time

As you prepare for the Real Estate Appraiser Licensure Examination this coming July 2026, remember that every long night...
29/05/2026

As you prepare for the Real Estate Appraiser Licensure Examination this coming July 2026, remember that every long night of study and every sacrifice has led you to this momentβ€” .

May courage steady your heart, wisdom guide your mind, and discipline reward all the effort you have poured into this journey.Believe that your knowledge, integrity, and perseverance are more than enough to carry you through the exam.

We lift our prayers for clarity, confidence, and peace for all examinees, trusting that God will honor your hard work.Step into the exam room with faith and determination, knowing that this challenge is shaping the professional you are becoming. .

27/05/2026

Part2 of our 5th discussion, the Problem Solving (Computation)

The flowchart of government assessment principles is highly important because it transforms legal provisions into a syst...
27/05/2026

The flowchart of government assessment principles is highly important because it transforms legal provisions into a systematic and standardized process that ensures uniformity, fairness, legality, and accuracy in property valuation for taxation. By following this structured framework, appraisers are able to produce defensible and equitable assessments, avoid errors, and ensure that tax obligations are based on correct property values, thereby supporting both public revenue generation and taxpayer protection.

27/05/2026

Part1 of our 5th Discussion Government Assessment Principles and Taxation

Congratulations to our Top 3 Reviewees who recently completed the first part of the OREP 1,000 Mock Exam Challenge! πŸŽ‰πŸ†Yo...
27/05/2026

Congratulations to our Top 3 Reviewees who recently completed the first part of the OREP 1,000 Mock Exam Challenge! πŸŽ‰πŸ†

Your hard work, dedication, and commitment to excellence continue to inspire the entire OREP community. This achievement reflects your perseverance and determination on your journey toward becoming licensed real estate appraisers.

Keep pushing forward, stay focused, and continue aiming highβ€”the best is yet to come!

OREP Family is proud of you

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Manila And Riyadh
Riyadh
12232

Telephone

+966565628491

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