Guidelines for Accredited Appraisal Companies

The appraisal company must be registered with the SEC and its appraisers licensed by the Department of Trade and Industry (DTI).
The certifying officer must be a professional, DTI-licensed appraiser and an officer/member in good standing of any registered association of appraisal companies.
Both the company and the certifying appraiser must have at least five years of experience in the appraisal business at the time of application.
The company must have provided professional services to a minimum of one commercial bank and two public companies.
Neither the appraisal company nor its directors, partners, or officers should have any adverse judgment in administrative, civil, or criminal cases related to their appraisal business.
Financial soundness is required: current and solvency ratios must be at least 1:1, and the debt-equity ratio must not exceed 3:1.

Submission of a notarized application for accreditation.
Company profile including history, scope of services, and bio-data of executive or certifying officers.
Copy of DTI-issued license.
Certificate of good standing from a registered association of appraisal companies.
List of past and current clients.
Certifications from at least one commercial bank and two public companies confirming engagement of appraisal services.
Notarized certification from the company president affirming compliance with qualification criteria, absence of liability for violations under the Corporation Code or Securities Regulation Code, and absence of adverse judgments.
Latest audited financial statements.

The application fee for initial or renewal accreditation is Five Thousand Philippine Pesos (P5,000.00).
Accreditation is valid for two years and must be renewed before expiration to remain valid.

The SEC may withdraw accreditation after due notice based on reasonable grounds.
Failure to renew accreditation results in automatic delisting after two years.

This accreditation guideline ensures the integrity and reliability of property appraisals in corporate transactions regulated by the SEC.
It aligns with corporate governance standards under Philippine securities laws, particularly for entities issuing stock for property consideration or other transactions requiring appraisals.