Powered by Mortgage Calculator Mortgage Calculator

Guidelines for the Real Estate Brokers Licensure Examination

 

Philipine Regulatory ComissionThe Professional Regulatory Board of Real Estate Service (PRB-RES) which is under the Professional Regulatory Commission (PRC) had released its guidelines for the crediting of the 120 hours of real estate subjects, seminars, trainings, and workshop for applicants for the Board Licensure Examination on March 27, 2011 in accordance to Rule III Section 14 (b) of the Implementing Rules and Regulation (IRR) of the Real Estate Service Act of the Philippines (RESA Law):

“A holder of a relevant bachelor’s degree from a state university or college, or other educational institution duly recognized by the 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 a 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.”

 

  1. The coverage of all the lectures and seminars shall be the subject prescribed in Section 13 c (Scope of Examination) Rule III of the IRR of RESA Law for real estate brokers.
    • Fundamentals of property ownership
    • Code of Ethics and Responsibilities
    • Legal Requirements for Real Estate Service Practice
    • Real Estate Brokerage Practice; Subdivision Development
    • Condominium Concept and Other Types of Real Estate Holdings
    • Real Estate Finance and Economics
    • Basic Principles of Ecology
    • Urban and Rural Land Use
    • Planning, Development and Zoning
    • Legal Aspect of Sale, Mortgage and Lease
    • Documentation and Registration
    • Real Property Laws and Taxation
    • and any other related subjects as may be determined by the Board
  2. The required 120 Crediting Hours of seminars and trainings is complied with in support of their respective applications as follows:
    • Sixty (60) hours of lecture, classroom and or seminar hours on real estate subjects and modules may include but not limited to:
      For applicants for the Board Licensure Examination: Equivalent or credit units earned in a bachelors degree, post-baccalaureate, masteral degree, doctoral programs; lecture hours in a related certificate courses, seminar hours under a Comprehensive Real Estate Seminar and Review (CRESR), credit units/hours in any accredited seminar, convention, lecture of an accredited service provider.
    • Sixty (60) hours of On the Job Training (OJT), apprenticeship and or workshop as certified by the following:
      1. Registered and licensed real estate brokers, brokers, appraisers and consultants.
      2. Duly licensed and registered real estate developers.
      3. Provincial, city and municipal assessors and other government appraisers.
      4. Accredited service providers for workshop attended as a formal seminar-workshop organized and offered thereby.
    • The licensee, however may opt to take the full 120 hours thru seminars, training, and workshops, as the case may be.

Notwithstanding the foregoing, an applicant shall be deemed to have satisfied and compiled with the required hours upon submission of a notarized certification that he/she has attended seminars, conventions, and or lectures for a total of full 120 hours as stated

 

Any form or certificate indicating the details of the foregoing may be accepted if it is duly notarized.

The PRB-RES has released a new memo Circular No. 2011-04 ( Guidelines for the 120-hours Comprehensive Real Estate Seminar and Review (CRESR) credit)

For the complete file (4 pages), please follow this link: Circular No. 2011-04

View all news

Leave your Comment