Does being a Real Estate Broker sound like a good profession to you? Are you open to selling affordable houses and lots in any part of the country? Do you know how and where to start? In the Philippines, like in many parts of the globe, you need certain certifications and expertise to be authorized to sell house and lots. Buying a house and lot is one of life’s biggest decisions, and it should be entrusted to someone who is up to the task.
Certifications can be obtained when one finishes courses and seminars to become a real estate broker. Real estate companies even make it compulsory for their real estate brokers to be licensed before they can sell their vast array of properties.
If you are keen on becoming a real estate broker yourself, here are some things to do before your dream comes into fruition:
1. Learn about the eligibility requirements
Before becoming a true-blue real estate broker, you will have to acquire a Bachelor of Science Degree in Real Estate Management (BS REM). This is due to the fact that Republic Act 9646, also known as the Real Estate Services Act, states that all individuals practicing real estate services to the public must have the required knowledge and be duly licensed and registered with the government.
The Commission on Higher Education (CHED) also issued Memorandum Order 28, implementing Bachelor of Science in Real Estate Management (BS REM) as the new educational attainment required before taking the licensure exam. Not all universities offer this course, and here are some educational institutions that offer REM in Luzon, Visayas and Mindanao.
Once you are armed with a BS REM degree from the aforementioned learning centers, you can proceed to the next step, which is being a licensed real estate broker. You can acquire a license by passing the licensure exams given by the Professional Regulation Commission (PRC). The PRC shall require you to submit certain documents first before you can take the exams, like it does with graduates of other fields of study
2. Register with the Professional Regulation Commission (PRC)
As mentioned earlier, the PRC shall ask from you certain documents. Here are such requirements:
a. Completely filled-out PRC Application Form
b. Bachelor’s degree in Real Estate Management (BS REM) Diploma
c. NSO/ PSA Birth Certificate
d. NSO/ PSA Marriage Contract (For Married Female Applicants)
e. Transcript of Records with Scanned Picture “For Board Examination Purposes”
f. P900 Examination Fee
g. Valid NBI Clearance (First Timers & Repeaters)
h. Community Tax Certificate
i. Four (4) Passport-Sized Pictures (with white background and name tag)
It is of paramount importance that you submit these documents promptly. Once PRC approves and gives you the go signal, the Board of Real Estate Service of the PRC shall grant you a permit that is necessary for you to be able to take the real estate broker licensure exams.
3. Take and Pass the Real Estate Licensure Examinations
This is the most important step or obstacle you must hurdle to achieve your dream of being a licensed real estate broker. As with all examinations, you must take note of the date and time of the exams, and the place where the exams will be held. Testing centers will be scattered across key cities in the Philippines. You must also allot ample time to study and review for the exams, to increase your chances of passing, and who knows, maybe even garnering a high score!
Exam results are published in leading newspapers of national circulation, and on the PRC website usually within 3-5 working days. After passing the licensure exams, you may now start your initial registration online on the PRC website for the issuance of your Professional Identification Card and Certificate of Registration.
Prior to going online, please be sure that you have the following:
a. Email Address
b. Mobile Number
c. Personal Data (Including Date of Graduation)
d. Photo ID in .jpg format saved on your computer/ phone/ tablet that you are using
e. Community Tax Certificate or Cedula
f. Printer (for the Oath Form)
You may now go to the PRC office which you selected to register, and bring these requirements:
a. Duly accomplished Oath Form or Panunumpa Ng Propesyonal
b. Notice of Admission (for identification only)
c. Two (2) Colored Passport Photos (with white background and name tag)
d. Two (2) sets of Documentary Stamps
e. One (1) short brown envelope
f. Original Surety Bond (P20,000 minimum amount) with the Professional Regulation Commission (PRC)/ Housing and Land Use Regulatory Board (HLURB) as Obligee
Once the PRC grants you your certification, you will have to register with the Housing and Land Use Regulatory Board (HLURB) before you can legitimately commence your career in selling real estate properties.
4. Register with the Housing and Land Use Regulatory Board (HLURB)
The law requires all Filipino Real Estate Brokers to register with the Housing and Land Use Regulatory Board (HLURB). To receive your HLURB Certificate of Registration, you should accomplish all the required forms. Your HLURB Certificate of Registration should permit you to sell a cornucopia of real estate properties, from the more affordable house and lots to the more expensive condominiums.
Once you are armed with a HLURB Certificate of Registration, the next logical step would be to apply for a job as a real estate broker of one of the existing real estate companies in the Philippines.
5. Find Companies and Prepare the Necessary Documents
When trying the find a real estate company you would like to work for, you must first conduct your own research on which companies you think offers the best fit for you and your skills. Examine all the real estate companies around you, such as Bria Homes.
Bria Homes has been one of the most trustworthy companies in the Philippine real estate industry. Since its formation, Bria Homes Inc. puts premium on the establishment and development of affordable, reasonably priced house and lots and affordable condominium units that provides opportunities for ordinary Filipino families whose main dream is to have a home they can call their own. Bria Homes is the most suitable choice for normal Filipino workers and OFWs who desire to invest in a home of high, reputable quality that is also relatively inexpensive.
With the topnotch quality and affordability of the homes that it offers, Bria Homes seeks to be a part of the solution in the Philippine government’s quest to mitigate and alleviate the housing problem that has existed for decades. Bria Home employees are motivated by this lofty and noble goal. They derive ultimate joy from the happy and fulfilled faces of clients moving into their new Bria Homes.
Real estate companies have seller’s accreditation form that you must accomplish and attach to your other required documents. Some companies will permit you to be their broker or partner. You can even have a sole proprietorship if you wish to go solo and start on your own.
Needless to say, you should study hard to get your degree and reap all the benefits. There are review centers which can help you ace the exams. Of course, learning does not end after you graduate and become licensed. Work experiences will teach you to become more efficient, responsible, and reliable as a real estate broker. You also need to sharpen skills continually.
The aforesaid five steps is just a lowdown on the things you need to keep in mind to be a Filipino real estate broker. This can act as a checklist if you will, if being a real estate broker is on your life’s bucket list.
BRIA Homes is a subsidiary of GOLDEN MV Holdings, Inc., .one of the largest real estate companies in the country. BRIA Homes is primed to bring quality and affordable house and lot packages and condominium units closer to ordinary Filipino families. This is the goal that drives every single employee in the company, for which the ultimate fulfillment is seeing a client happily moving into BRIA’s homes.
To know more, visit their website at www.bria.com.ph, like and follow “Bria Homes, Inc.” on Facebook, Twitter, Instagram, YouTube, Pinterest, Spotify, Viber Community, Telegram Channel, Kakao Talk, LINE and WhatsApp, or call 0939-887-9637.