How To Become a Real Estate Broker in the Philippines

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These documents must be submitted to the PRC:

  1. NSO Certificate of birth or Philippine passport
  2. Transcript of records/college diploma
  3. Certificate of Registration, Professional Identification Card, or DTI license
  4. NBI Clearance
  5. Notarized certificate from training provider
  6. Community tax certificate
  7. Four colored passport-size pictures with white background
  8. Real estate brokers exam application form

Buying a house is a life-long dream for many people in the Philippines, but it involves a considerable amount of money. This is why many home-buyers are hesitant to transact with just anybody. This is exactly the reason why the government ensures that the real estate profession is well regulated, and that the people who introduce themselves are real estate brokers or agents are licensed (similar to architects, lawyers, doctors, engineers, etc.). This is the primary objective of the Real Estate Service Act of the Philippines, more commonly knows as the “RESA Law”.

Before the RESA Law was introduced in 2009, all real estate brokers were licensed under the Department of Trade and Industry (DTI). When the law was passed, the role of regulating the profession fell into the hands of the Professional Regulation Commission (PRC). However, those already licensed under the DTI are still eligible to get a license from the PRC without having to undergo the Real Estate Broker Licensure Examination (under the so-called grandfather clause).

Real Estate Broker License Requirements

To be eligible to be a licensed real estate broker in the Philippines, one must meet the following requirements:

  1. A bachelor’s degree in any college or university accredited by the Commission on Higher Education (CHED)
  2. Must have earned 120 units of the required Continuing Professional Education (CPE) at an accredited real estate service training provider
  3. Good moral character as evidenced by not having been convicted of any crime
  4. Completed application with the PRC, who in turn will assess and approve the said application. Upon approval, the Board of Real Estate Service of the PRC will issue the permit to the applicant, in order for him or her to take the exam.
  5. Must take and pass the real estate broker exam.

Documents that Must be Submitted to the PRC

In addition to the above requirements, the applicant must submit the following documents:

  1. Original and photocopy of certificate of birth from the National Statistics Office or a valid Philippine passport
  2. Original and photocopy of transcript of records or college diploma
  3. Original and photocopy of a notarized certification of the applicant’ years of experience by his employer or a prerequisite Certificate of Registration, Professional Identification Card, or DTI license
  4. Clearance from the National Bureau of Investigation (NBI)
  5. Original and photocopy of a duly notarized certificate from the accredited seminar or training provider
  6. Community tax certificate
  7. Four colored passport-size pictures with white background and complete nametag
  8. Real estate brokers exam application form

Note that other documents in accordance with the requirements set by the PRC may be requested.

These documents must be submitted to the PRC in order for the applicant to pay the required fees, after which the PRC will issue a permit to take the exam. The exam is scheduled every March and is held in testing centers in several cities across the Philippines (Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi City, and Lucena).

real estate agent

Real Estate Broker Role and Responsibilities

A real estate broker is most likely the professional a home-buyer will transact with they decide to buy a property. He or she is registered and licensed by the Professional Regulation Commission (PRC) to facilitate the sale, exchange, or lease of a piece of real estate be it a house, a condominium unit, an industrial lot, or a commercial space. A broker’s main task is to act as an agent of either the buyer or the seller in a real estate transaction. Hence, good negotiating skills are absolutely necessary. It is also important to note that a real estate broker must work in their client’s best interest, so being a “double agent” (i.e., working on behalf of both the seller and the buyer) is considered unethical.

In addition, many Filipinos may encounter people who introduce themselves as a real estate salesperson. Although these professionals are not licensed by the PRC, they are accredited to work under a licensed real estate broker. The salesperson usually performs the day-to-day task of a real estate transaction (such as property viewings); however, they are not allowed to sign any legal documents related to the transaction.

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