Are you thinking of becoming a Philippine real estate broker?  Here are some some steps on how to become one.  If you are serious about doing the business legitimately, you may want to consider taking the Comprehensive Real Estate Seminar and Review (CRESAR , a.k.a. CRES) classes and testing now, before the first batch of BS Real Estate Management (REM) graduates in the next couple of years.  After they do, all those interested to take the licensing exam in the future need to take the BS REM course, as required by Professional Regulation Commission (PRC).

Stage One – Sign up with an accredited real estate service training provider and take the required 120 credit units of continuing professional education (CPE).  Have your requirements checked to ensure that you’re eligible to take the exam.

You can visit the Professional Regulation Commission of the Philippines (PRC) to download the schedule for the 2013 exams.  The next real estate brokers exam is on March 17, 2013.  

Deadline for the filing of application is by FEBRUARY 25, 2013.  

Stage Two – Prepare all your documents in advance (now is a good time, so you don’t cram!). Here’s a list of the requirements as per the Real Estate Service Act (RESA) needed to take the exam:

” Section 14. Qualifications of Applicants for Examinations

In order to be admitted to the licensure examination for real estate service, a candidate at the time of filing his/her application, shall establish to the satisfaction of the Board that he/she possesses the following qualifications:

(A) Citizen of the Philippines,

(B) A holder of relevant bachelor’s degree from a state university or college, or other educational institution duly recognized by CHED: Provided, That he/she has completed at least one hundred twenty (120) credit units of real estate subjects and training from accredited service providers, as may be determined by the Board; Provided, further, that as soon as a course leading to Bachelor’s Degree in Real Estate Service is implemented by the CHED, the Board shall make this course a requirement for taking the licensure examination,

(C) Is of good moral character, must not have been convicted of any crime involving moral turpitude,

(D) An applicant for the licensure examination for real estate consultants must show proof that he/she has at least ten (10) years experience as a licensed estate broker, or an assessor, or as a bank, or institutional appraiser, or an employed person performing real property valuation, or at least five (5) years experience as a licensed real estate appraiser.

All applicants for examination shall be filed with the Board who shall assess and approve said applications and issue to the qualified examinees the corresponding permits or notices of admission to take such examination upon submission of the following documents:

1. Original and photocopy of Birth Certificate or Certificate of Live Birth (NSO) and/or valid Philippine passport, or any other proof of citizenship,

2. Original and photocopy of transcript of records and/or diploma with scanned picture,

3. Original and photocopy of notarized certification by employer of his/her years of experience or pre-requisite Certificate of Registration (COR) and/or Professional Identification Card (PIC) or DTI license (for real estate consultants).

4. Original and photocopy of NBI clearance,

5. Original and photocopy of duly notarized accredited seminar and/or training certificate,

6. Community tax certificate,

7. Four (4) colored passport size pictures with white background and complete nametag and other documents in accordance with the requirements set by the Commission.“

After this, collate the requirements, visit PRC and pay the required fees.

Stage Three - Take note of the PRC schedule of the REB exam nearest your place

Exam will be held in testing centers in:

Manila
Baguio
Cagayan De Oro
Cebu
Davao
Iloilo
Legaspi
Lucena

According to the Implementing Rules and Regulations  of RESA, or  RA 9646 (Rule III Section 13), the Real Estate Broker’s exam will cover the following topics:

For Real Estate Brokers:

1. Fundamentals of property ownership;
2. Code of ethics and responsibilities;
3. Legal requirements for real estate practice;
4. Real estate brokerage practice;
5. Subdivision development;
6. Condominium concept and other types of real estate holdings;
7. Real estate finance and economics;
8. Basic principles of ecology;
9. Urban and rural land use;
10. Planning, development and zoning;
11. Legal aspect of sale, mortgage and lease;
12. Documentation and registration;
13. Real property laws and taxation; and
14. Any other related subjects as may be determined by the Board.