The Philippine Association of Real Estate Board paid a courtesy call to Bangko Sentral ng Pilipinas (BSP) Governor, Nestor Espenilla Jr. PAREB discusses the current situation of real estate appraisers and the need to review the BSP guideline on accrediting appraisal companies. The BSP Governor encouraged PAREB to submit a position paper. PAREB was headed by President Rey Cartojano, Senior Vice-President Moby Arquiza, Appraisal Committee Chairman Gus Agosto and VP Irene Ofrecio. Also present were the San Juan Real Estate Board Officers.

Bangko Sentral ng Pilipinas is the central bank of the Republic of the Philippines.