Real estate is undoubtedly one of the Philippines' booming markets this 2022. More importantly, this rewarding career will open new doors literally and figuratively for you and your new venture in life. After all, the real estate industry is a great adventure to explore despite unfortunate circumstances that may come like lower lending rates, pandemic, and different market anomalies. If you are considering becoming a broker, you can expect financial stability and the huge fruits of your hard work. However, to become one requires extensive efforts that will undoubtedly be worth it in the end. So if you are trying to answer the question of how to be a real estate broker in the Philippines this 2022, continue reading!
The steps on how to be a real estate broker in the Philippines this 2022
Get a Bachelor of Science in Real Estate Management Degree
Enrolling yourself in a real estate broker course is the first step into entering the world of condo selling. You can take the Bachelor of Science in Real Estate Management or BS REM course at any college or university that the Commission accredits on Higher Education or CHED. This prerequisite will help you learn about the nuts and bolts of how to practice in the real estate industry of the Philippines legally.
Browse through this list to know the universities that offer this course:
- Adamson University
- Pamantasan ng Lungsod ng Maynila
- Philippine Christian University
- De La Salle-College of Saint Benilde
- AMA University
- Lyceum of Alabang
- Trinity University of Asia
- Manila Business College Foundation
- ABE International Business College
- University of Cebu
- University of San Carlos
- Santa Isabel College of Iloilo City
- University of St. La Salle
- Hua Siong College of Iloilo
- Central Philippine University
- ABE International Business College – Iloilo Campus
- Saint Paul School of Professional Studies
- Guimaras State College – Main
- New Era University- General Santos City
- Xavier University (Ateneo De Cagayan)
- Misamis University
- University of Mindanao
- Golden State College
- Saint Columban College
- Southway College of Technology
- Southpoint College of Arts and Technology
- VMC Asian College Foundation
- Saint Joseph Institute of Technology
Register at the Professional Regulation Commission (PRC)
After finishing your degree, you are one step closer to answering the question of getting a real estate broker license in the Philippines. But before registering in PRC, they have a list of qualifications you must exude before they can allow you to take the Real Estate Licensure Examinations. Take note of the following qualifications:
- Must have attended 120 units of the Continuing Professional Development (CPD) at an accredited service training provider
- Good moral character
- Must have a completed application with the PRC, who will assess and approve your application. Once approved, the PRC's Board of Real Estate Service will permit you to take the exam.
- Take and pass all the real estate broker exams in the Philippines
Apart from the qualifications, have all the real estate broker exam requirements in the Philippines prepared:
- An original and photocopy of your certificate of birth from NSO or a valid Philippine passport
- An original and photocopy of your Transcript of Record and diploma
- An original and photocopy of a notarized certification of your years of experience by your employer or a prerequisite Certification of Registration, DTI License, or Professional ID Card.
- A copy of your NBI clearance
- An original and photocopy of your duly notarized certificate from the accredited seminar or training
- Community tax certificate
- Four passport-size pictures with white background and name tag
- Accomplished real estate brokers exam application form
Pass the Real Estate Licensure Exam
Once you have prepared all the real estate broker exam requirements in the Philippines and everything is settled, all you have to do now is stay laser-focused on passing the exam. Make sure to note the date of your upcoming test, and prepare like your life depends on it! Refresh all your learnings from the real estate broker course, and prepare to enter the lucrative world of condo selling!
But in addition to the steps of how to get a real estate broker license in the Philippines, you will have to submit a fresh set of documents after passing your exam. Check out this list:
- NBI Clearance
- Photocopy of your Birth Certificate
- Four passport-sized pictures
- Community tax certificate
Register at HLURB or the House and Land Use Regulatory Board
Woohoo! Pat yourself in the back if you have reached this step because this only means one thing; you have already passed the real estate broker exam! However, before starting your journey as a broker, you must first register and provide all the necessary documents to the HLURB in accordance with the law. And in order to get your HLURB Certificate of Registration and acquire a real estate license, here are the things you will need:
- An accomplished application form
- A photocopy of a 2x2 I.D. picture
- A photocopy of your latest PRC License (I.D. and certificate)
- A letter of endorsement from your employer (must come from a licensed broker)
- A photocopy of your employer's latest PRC and HLURB certificates or company I.D..
- A photocopy of O.R. and surety bond
- 288 pesos for the processing fee
- One thousand pesos cash bond that is subject to change without prior notice.
Finally, Start Selling!
After accomplishing the needed requirements and getting your certificate from the HLURB, you are now eligible to start selling real estate properties like condominium units, low-cost housing, and even lands! However, being a licensed real estate broker does come with responsibilities. For instance, it is crucial to develop excellent negotiation abilities as the role of a broker is to represent and communicate the interests of the buyer or seller. And although this career path involves many risks and challenges, it will be worth it for someone willing to go above and beyond property selling. With everything mentioned, do not settle on becoming an agent. Aim higher and become a real estate broker for better commissions and a brighter path.
At Vista Residences, they care for their clients, agents, brokers, and business partners, so you know you will be in the right hands if you choose to pursue a career with them.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.