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Qualification of Applicants for Real Estate Examinations
RESAR on Apr 24 2010 | Filed under: Real Estate Brokers' Exam
Who are qualified to take the real estate brokers’ licensure examinations? Let’s look at the applicable section of RA 9646 (RESA Law)…
SEC. 14. Qualification of Applicants for Examinations. – In order to be admitted to the licensure examination for real estate service, a candidate shall, at the time of filing his/her application, establish to the satisfaction of the Board thathe/she possesses the following qualifications:
(a) A citizen of the Philippines;
(b) 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 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; and
(c) Of good moral character, and must not have been convicted of any crime involving moral turpitude: Provided, That an applicant for the licensure examination for real estate consultants must show proof that he/she has at least ten (10) years experience as a licensed real estate broker or an assessor, or as a bank or institutional appraiser or an employed person performing real property valuation, or at least five (5) years experience as a licensed real estate appraiser.
All applications for examination shall be filed with the Board which shall assess and approve said applications and issue to the qualified examinees the corresponding permits to take such examination.
So there you have it. You need to have graduated from college. What needs to be clarified though is: “What is a relevant bachelor’s degree?”
It’s rather open-ended and will probably be subject to many interpretations. For example, I would imagine that relevant courses that equip graduates with skills needed by real estate brokers would include Business Administration, Economics, Engineering, Math, or various courses that Law schools will consider as sufficient pre-law courses.
But that’s just my opinion. Let’s see what will be clarified in the PRC’s Implementing Rules and Regulations (IRR).
Hello Sir:
I am a graduate of a 4-yr. course in college. I’m interested to take the Real Estate Broker Licensure exams. I’m now working as real estate agent for less than a year.
Is there a “minimum number of years- Work Experience” required by PRC for me to qualify to take the Real Estate BROKER Licensure Exams?
Will appreciate your reply. Thank you very much.
Aida
[From the Admin] No, there is no work experience requirement for aspiring real estate brokers, based on the RESA Law IRR (RA 9646).
sir;
i want to take the license examination for real state broker.where can i apply on line because i am far from the examination center because i live in leyte. Where can i apply on line and how much is the fee? where can i possibly review.i hope i can have my problem be answered before its too late for the examination comes.
thank you and more power !!!
[From the Admin] Hello! We haven’t seen any online registration facility yet for an exam. Are there licensed real estate brokers in Leyte? Perhaps they can organize a live, face-to-face review class.
Dear Sir/Madam: Greetings! I am a college graduate and a holder of Bachelor’s Degree in Accountancy. I just want to know if you would conduct CRESAR here in Batangas City and the fees for that seminar and review. In addition, I would like to clarify some issues about taking the Real Estate Broker’s Licensure Exam, I heard that I need P 25,000.00 in order to get the exam. Is that true? I hope you would help me on this matter. Thanks!
Sincerely Yours,
Shieryl
[From the Admin] When we get announcements from review service providers, we will post the details of their CRESARs here. About that P25,000 you’ve been hearing… that’s just a guess made by some people who are trying to interpret what the RESA Law IRR means by “120 credit units” so please wait for clarificatory guidelines in the future. Thanks!
Dear Sir:
I would like to take the licensure exam and i wish to attend the review classes both online and review classes.Its just that I dont have the 10 years experience as an assessor and 5 years experience as a real estate appraiser.can I still take the licensure exam.Where can I get such experience? Im currently on a different field of work right now but I do believe I have a great potential for this real estate field.Hoping for your prompt response.
[From the Admin] Hi, Girlie! The requirement of 10 years of assessor experience (or 5 years as real estate appraiser) applies to those who wish to become real estate consultants. Since you don’t have those requirements, perhaps can aim for the real estate brokers exam instead? Thanks.
Follow up question re: qualification for the exam….I don’t meet the qualification even the required units of at least 72 units earned from college…but I am already practicing real estate for more than 5 yrs. in a prestigious Companies but i have neglected to finish my studies. I have already attended training and workshop given by the company. an awardee and worked as Manager and performed well….So can i use this experience and certificate of Training to present instead of Diploma ? just like in earning eligibility in the government…..I really wanted to take the exam and get a Licensed as Real Estate Broker….Nimfa
[From the Admin] The RESA Law draft IRR shows that applicants for the real estate brokers’ licensure examination need to have earned a degree from a relevant four-year college course. Still, you may wish to consider writing the PRC regarding your situation. Thanks.
Hello Po. just want to inquire re: real estate exam qualification…what if under grad and don’t meet the said requirement as stated here but has more years of experiences in real estate agent with position as manager. has attended of many kind of training in real estate selling, has good performance as well
..the only thing she dont have the License to perform the Real Estate profession….can the board consider the certificates of training and experiences as the requirement to take the exam..? Alice
[From the Admin] If the PRC will strictly follow Section 14, then a four-year college degree is required. That doesn’t stop people, however, from filing for reconsideration with the PRC. Who knows? They might even formalize their position regarding such cases. Thanks.
hi sir
i am interested in taking the real estate examination, may i ask how to go about attending a review class or online review? how much is the fee? thank you and hoping for your reply.
[From the Admin] Face-to-face real estate exam reviewers are waiting for guidelines from the PRC, before they officially announce their class offerings. In previous years, the review seminars cost anywhere from P3,500 to P4,500.
An online review will be launched if enough people are interested. The initial promo fee will be P500, and you will have access to the online materials for three months.
@Shirley – This is what we found at DTI / PRC issues Joint Announcement on Expired Licenses:
Sir, I am a college graduate and I have passed the comprehensive real estate exam for brokers sometime in 1997. But after getting my license first time, I never renewed it because I changed career. But I am thinking of going back to being a real estate broker again. Will I need to pass the examination again? Thank you for any clarification, please also include your opinion about my query.