Installing on a whole-disk software RAID 5 is not supported. Real hardware RAID is ok. Avoid motherboard "fake RAID" just turn it off in the BIOS.
Anaconda (the installer) and grub (the boot loader) only support booting from plain disks, hardware RAID disks, or software mirroring (raid 1) (also raid 10 with some hand-holding).
This means that to do software RAID you usually want to create a small RAID 1 partition "/boot". Then you can install the rest of the system "/" on a large RAID 4/5/6 partition.
So if your disks are sda, sdb, sdc. Then partition them all into sda1, sdb1, sdc1 - say 500MB each, and sda2, sdb2, sdc2 - 20 GB each. Make sda1, sdb1, sdc1 a RAID 1 500MB boot partition. Make sda2, sdb2, sdc2 into a 40 GB RAID 5. You will install grub into all 3 disks so any one can die and it can still boot from the other two.
Instructions here:
http://docs.redhat.com/docs/en-US/Re...id-config.html