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AdGeek

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How to become a Real Estate Broker
« on: June 29, 2014, 11:52:59 AM »
How to become a Real Estate Broker

In view of the effectivity of the Real Estate Service Act of the Philippines, Republic Act No. 9646, last July 30, 2009, the licensing of real estate service practitioners shall now be governed by said RA 9646 under the Professional Regulation Commission.

For details, please read Republic Act No. 9646.

____________________________________________________________________




License Required to Practice.


No person shall directly or indirectly engage in the real estate service, practice, or represent himself as a real estate salesman, broker, appraiser or consultant without having first secured the corresponding license from the Director in accordance with these rules. (Sec. 1, Art. V, DTI Ministry Order No. 39, Series of 1985, as amended )

WHO is a real estate broker ?


A REAL ESTATE BROKER is any person, natural or juridical, who is an agent of another person and for or in expectation of a fee, commission or other valuable consideration, shall perform any of the following acts : offers, advertises, solicits, lists, promotes, mediates, negotiates or effects the meeting of the minds on the sale, purchase, exchange, mortgage or lease of, or joint venture or other transactions in real estate or any interest therein. ( Sec. 3, Article III, MO 39, Series of 1985, as amended )


Is it required that a person who wants to engage in real estate brokerage be licensed before he can sell or lease real estate, or act as a real estate broker ?

Yes, it is required that one must first be licensed before he or she can start selling real estate as provided under the above Sec.1, Art. V of M.O. No. 39, Series of 1985, as amended.


What are the qualifications to be licensed as a Real Estate Broker ?


An applicant for license as a real estate broker must have the following qualifications :

At least 21 years of age
Not convicted of any offense involving moral turpitude
Educational Requirements : He must have satisfactorily completed at least one hundred forty-four (144 ) units of college undergraduate study or must have finished seventy-two ( 72 ) units in college provided he has been a licensed salesman for a period of four years and duly recommended by a licensedbroker.
Must pass the written examinations for real estate brokers
Has or will be able to establish an office with facilities necessary to satisfactorily render the services expected of a broker

Does someone who wants to be a licensed Real Estate Broker have to take any licensure examinations ?


One must take and pass the written broker’s examinations being conducted by the Department of Trade and Industry (DTI) , and which are presently held on the last Sunday of May and November of each year, throughout the Philippines, in selected areas determined by the DTI.

Are there any requirements to take the written real estate broker’s examinations ?

Aside from the above qualifications as to educational attainment, it will now be required that a person who desires to take the examinations should attend an accredited comprehensive seminar and review (also referred to as, CRESAR) which are conducted by different local real estate brokers’ associations. The seminar consists of at least 24 hours and the schedules would depend on the local board or association which are conducting the same.


What are the subjects or topics covered in the real estate broker’s examinations ?

The following subjects are covered by the seminar and review :

FUNDAMENTALS OF PROPERTY OWNERSHIP;
LEGAL REQUIREMENTS FOR REAL ESTATE PRACTICE;
REAL ESTATE BROKERAGE PRACTICE;
SUBDIVISION DEVELOPMENT;
CONDOMINIUM CONCEPT;
REAL ESTATE FINANCING, TAXATION, ECONOMICS;
BASIC PRINCIPLES OF ECOLOGY, URBAN AND RURAL LAND USE, PLANNING, DEVELOPMENT AND ZONING;
LEGAL ASPECT OF SALE, MORTGAGE, LEASE;
DOCUMENTATION AND REGISTRATION.
How long is the real estate broker’s examinations ?

The examinations are normally conducted in the morning from 8 a.m. to 12:00 noon or a 4-hour examination.

Where does one apply for a license as a real estate broker ?

The application is filed with the Department of Trade and Industry, or through its Regional Offices and application forms may be obtained from said offices along with requirements to accompany the application form.


What about if the real estate broker is also selling real estate subdivisions, condominium projects and the like, is a separate license still required?


The license which is issued by the Department of Trade and Industry is sufficient but, in addition, the real estate broker must register with the Housing Land Use Regulatory Board (HLURB) if he or she will also sell subdivision lots or condominium units. Under Sec. 11 of Presidential Decree No. 957 (Subdivision and Condominium Buyer’s Protective Decree), no real estate broker or salesman shall engaged in the business of selling subdivision lots or condominium units unless he has registered himself with the Authority or the Housing Land Use and Regulatory Board.

What happens if someone engages in selling real estate but does not have a license as a real estate broker?

Any person who shall engage in real estate service practice, such as a real estate broker without first having secured a license shall be liable administratively with the Department of Trade and Industry and may be subject to penalties, such as fine and shall likewise be criminally liable. Any person on who is engaging in practice as a real estate broker without the required license may be reported to the DTI Offices.

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How to become a Real Estate Broker
« on: June 29, 2014, 11:52:59 AM »

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Valerie_Cruz

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Re: How to become a Real Estate Broker
« Reply #1 on: April 25, 2017, 06:04:02 PM »
saan po ba pwede mag take ng real estate broker lincensure?

RichPoorDad

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Re: How to become a Real Estate Broker
« Reply #2 on: April 27, 2017, 12:32:54 PM »
saan po ba pwede mag take ng real estate broker lincensure?

Hi, nagrereview ka ba ngayon sa school? Taga san po ba sila?
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CorporateCorps

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Re: How to become a Real Estate Broker
« Reply #3 on: April 27, 2017, 12:33:54 PM »
may mga review centers din ba ang Real Estate Broker? para dn pala syang board ano?

RichPoorDad

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Re: How to become a Real Estate Broker
« Reply #4 on: April 27, 2017, 12:37:11 PM »
may mga review centers din ba ang Real Estate Broker? para dn pala syang board ano?

Yes po.  you can probably check out for review centers REBAP- LMP This stand for. The Real Estate Brokers’ Association of the Philippines (REBAP)

Alam ko lugar nila ay sa..Las Pinas.  -Las Pinas, Muntinlupa, Paranaque (LMP)


Venue: Rm. 205, 2nd Flr. Tia Maria Bldg. C.V. Starr Avenue, Philamlife Village, Las Pinas City
Fee: P18,000.00 (inclusive of food and materials); 10% discount on cash payment; Installment basis available. Only P3,000.00 to reserve!

Contact: 556-3929; 664-3329; 881-5495; 664-5516; 0908-8945899; 0998-5333903; 0917-8069881
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AdGeek

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Re: How to become a Real Estate Broker
« Reply #5 on: April 27, 2017, 12:38:00 PM »
may alam pa ba kayo na review center bukod sa REBAP?

IntraLover

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Re: How to become a Real Estate Broker
« Reply #6 on: April 27, 2017, 12:39:39 PM »
Eto po pwede nyo itry.

1.   REBAP CEBU

Schedules:

(1) Mondays-Wednesdays-Fridays (MWF) Schedule 120 hours:

Time: 5:30 p. m. – 9:30 p. m., 30 days (4 hours/day)

Batch 1 November 9, 11, 13, 16, 18, 20, 23, 25, 27, 30, December 2, 4, 7, 9, 11, 14, 16, 18, 21, 2015, January 4, 6, 8, 11, 12, 13, 14, 15, 19, 20 and 21, 2016.

(2) Saturdays and Sundays Schedule 120 hours:

Time: 8:00 a. m. – 5:00 p. m. 15 days (8 hours/day)

Batch 1 November 14 & 15, 21 & 22, 28 & 29, December 5 & 6, 12 & 13, 19 & 20, 2015, January 9 & 10, 23, 2016.

Venue: REBAP-Cebu Chapter Office and Training Room, Rm. 201 Diez Bldg. F. Ramos cor. V. Ranudo Sts. Cebu City

Fee: Please kindly inquire with the organizers

Contact: Ninia at (032) 4029346; Leo at 0932-207-5879

Info from: Check it here.


3. URBAN INSTITUTE

Venue: Asian Institute of Management (AIM) Conference Center, Legaspi Village, Makati City or

Conference Room 5 & 6, Walter Hogan Conference Center, Institute of Social Order,
Ateneo de Manila University, Katipunan Ave., QC

Contact:  urbanet.ph@gmail.com

FB page: Check it here.

4. PREVAIL

Schedule: December 5-January 24 (8am-5pm)

Venue: Best Western Hotel La Corona Manila, MH del Pilar St. corner Arquiza St. Ermita Manila (near Ermita Church)

Fee: Reserve a slot (with advance copy of review materials) PLUS Avail our Early Bird Rate thru Special Installment Scheme [P1k/session]*

Inclusive of AM-PM Snacks+Lunch, Free-flowing coffee, Seminar Kit and Review Materials.

For more details, please contact:
PREVAIL Inc.
353-7892 | 400-7423
0908-4146328
0916-3588168
0923-9579482

Organized by:
Mr. Romeo Lacsamana, Jr.
Prime Real Estate Values and Integrated Learnings Inc.
PRC Accredited Service Provider No. 016

Info from: Check it here.

Posters:

5. CESAR SANTOS

The CES Academy will be conducting review sessions in the following locations: (1) Cubao, Quezon City, (2) Santiago City, Isabela, and (3) Legazpi, Albay.

Info from: CES Academy website

(1) Cubao, Quezon City

Schedule: Fridays to Sundays, 8am to 5pm (Nov. 13, 2015 to January 17, 2016)

Venue: 3rd Flr., Edsa Hall, Regalia Tower, P. Tuazon, Quezon City

Contact: cesacademy@cesson.com.ph; Ms. Karen or Roal at 941-7929; 0917-4996544; 0905-5640811


Cesar Santos Cubao Quezon City 2016 Real Estate Brokers' Exam Review

(2) Santiago City, Isabela

Schedule: Fridays to Sundays, 8am to 5pm (Nov. 20, 2015 to January 24, 2016)

Venue: NFA FITS Center, Santiago City, Isabela

Contact: cesacademy@cesson.com.ph; Ms. Karen or Roal at 941-7929; 0917-4996544; 0905-5640811

Cesar Santos Santiago City Isabela 2016 Real Estate Brokers' Exam Review

(3) Legazpi, Albay (Bicol)

Schedule: Fridays to Sundays, 8am to 5pm (Nov. 27, 2015 to January 10, 2016)

Venue: Ground Flr., People’s Hall, Albay Provincial Capitol Bldg.

Contact: cesacademy@cesson.com.ph; Ms. Karen or Roal at 941-7929; 0917-4996544; 0905-5640811

Cesar Santos Legazpi Albay 2016 Real Estate Brokers' Exam Review
Cesar Santos Legazpi Albay 2016 Real Estate Brokers’ Exam Review
6. PAREB DAVAO

Schedule: Saturdays and Sundays (Oct. 31, 2015 to January 10, 2016)

Venue: Brokenshire Resort and Convention Center, Madapo Hills, Davao City

Fee: P18,000 full price; Installment: P5,000 downpayment, P2,000 per week

Contact: (082)3006787; 0917-935-3253; 0923-903-0017

Info from: PAREB Davao FB page

Poster:

PAREB DAVAO 2016 Real Estate Brokers' Exam Review

7. NETSCORE REsource Management & Training Center  (NETSCORE)

NETSCORE has announced its final offering of REBUILD (Real Estate Brokerage Integrated Learning & Development seminar), a 120-unit Comprehensive Development Program for prospective Real Estate Brokers planning to take the February 28, 2016 PRC Licensure Exam.

Schedule: Batch 3 Class – December 13, 2015 to February 20, 2016

Venue:  Makati Palace Hotel, P. Burgos cor. Caceres Sts., Makati City

Fee: Regular Seminar Fee is P22,500 but if you pay and register during the Pre-registration period (until Dec. 7, 2015), you can avail of the early bird discounted rate of P19,950 ONLY for installments of just P18,000 for one-time cash payment!! Group discounts for three or more persons and installment plans are also available.
Installment Options:( Applicable for Early Bird Qualifying Registrants only)
Weekly: Pay the P5,000 reservation Fee on or before Sept. 30 [Note: Please confirm if this should be Dec. 7 instead]; (Every Saturday: P1,000-weekly installment)

Contact : 0917-8820657(Globe); 0925-5204063 (Sun) or 414-5262; netscore1@gmail.com

Info from: NETSCORE FB page

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Re: How to become a Real Estate Broker
« Reply #6 on: April 27, 2017, 12:39:39 PM »

 

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