How to Become a Real Estate Broker in the Philippines
How can you become a real estate broker in the Philippines?
- Obtain A Bachelor’s Degree
- Register with the Professional Regulation Commission (PRC)
- Take and Pass the Real Estate Licensure Examinations
- Register with the House Land Use Regulatory Board (HLURB)
- Find Companies and Prepare the Necessary Documents
Are you interested in selling houses and lots for sale in Cabanatuan? Are you wondering where and how you can start?
To be given the go signal to sell houses and lots, you will need to present a number of certificates to prove your competence. These certificates can be acquired by completing courses and seminars that will train you to become a real estate broker. You will also need to apply for a real estate broker’s license in order for companies to give you permission to sell their properties.
Interested in more? Read on to learn more about how you can become a real estate broker in the Philippines.
Obtain A Bachelor’s Degree
Becoming a real estate broker is no easy feat, it will take time and effort. Before you are allowed to take the Real Estate Licensure Examinations, you will need to complete a set of requirements. One of the requirements needed is a Bachelor of Science Degree in Real Estate Management (BS REM).
Here are a few universities in the Philippines that offer the course:
- De La Salle University – College of St. Benilde (Manila)
- Trinity University of Asia (Quezon City)
- New Era University (Quezon City)
- University of Cebu (Cebu City, Cebu)
- STI Colleges (Jaro, Iloilo City)
- Central Philippine University (Iloilo City)
- Saint Joseph Institute of Technology (Butuan City, Agusan del Norte)
- Holy Cross of Davao College (Poblacion, Davao City)
- Xavier University – Ateneo de Cagayan (Cagayan de Oro, Misamis Oriental)
After graduating with a degree in BS REM, you can then submit the necessary documents to the Professional Regulation Commission for you to take the examination.
Register with the Professional Regulation Commission (PRC)
Take a look at the requirements you need to submit to the Professional Regulation Commission (PRC) for them to allow you to take the Real Estate Licensure Examinations. Make sure that you submit them on time.
Here is a list of requirements you will need to submit to the PRC:
- Bachelor’s degree in Real Estate Management (BS REM)
- NSO / PSA Birth Certificate
- NSO / PSA Marriage Contract (For Married Female Applicants)
- Transcript of Records with Scanned Picture “For Board Examination Purposes”
- 00 Payment
- Valid NBI Clearance (First Timers & Repeaters)
Once you have been approved, the Board of Real Estate Service of the PRC should issue you with a permit, which you will need to use in order to take the exam.
Take and Pass the Real Estate Licensure Examinations
Take note of your scheduled test date and study well. After you pass the Real Estate Licensure Examinations, you will need to submit a set of new documents including:
- Photocopy of Birth Certificate
- Clearance from The National Bureau of Investigation (NBI)
- Community Tax Certificate
- Four Passport-Sized Pictures
After receiving your certification from the PRC, you will need to apply with the House Land Use Regulatory Board (HLURB) before you can officially sell properties.
Register with the House Land Use Regulatory Board (HLURB)
All real estate brokers are required by Philippine law to register themselves to the House Land Use Regulatory Board (HLURB). Fill up and submit the necessary forms for you to receive your HLURB Certificate of Registration. This will allow you to sell low-cost housing properties as well as condominium projects.
Once you have acquired your certificate with the House Land Use Regulatory Board, you can now start to look for real estate companies where you may want to apply.
Find Companies and Prepare the Necessary Documents
Do your research on the professional and well-known real estate developers in order to find the one that you may fit most in. Fill up the seller’s accreditation form of the company and submit it together with the necessary requirements. Take note that these companies will allow you to apply as an individual broker, partnership/corporation, or as a sole proprietorship.
This is simply a summarization of what you need to remember to become a real estate broker in the Philippines. Accomplish each step on the list to become a registered broker.
Before applying to sell houses and lots for sale in Cabanatuan, make sure that you have completed the necessary requirements found above. Take your classes seriously for you to receive your bachelor’s degree and become an efficient and responsible real estate broker. Once you have developed your skills, start applying for the needed PRC and HLURB certificates in order to prove your capabilities.
Once you have everything prepared, it will be time for you to start applying to real estate companies. Take a look at the different developers found around you to find the one best fitted to your skills. Take note that you can apply for real estate companies as an individual broker, under a partnership/corporation, or through sole proprietorship.