Real Estate Seminar and Review

People who wish to prepare for the PRC’s upcoming real estate brokers’ exam scheduled for March 27, 2011 are wondering about the P20,000 prices mentioned by other Comprehensive Real Estate Seminar and Review or CRESAR service providers. Some of these organizers even offer a combined CRESAR and CPE Seminar rolled into one.

But what costs are involved in CRESARs, where it looks like attendance is a must before you may apply for a PRC REB Exam Application Permit?

Let’s have a look…

We approached a Reservation’s Officer in a food restaurant. Max’s Restaurant, specifically. [Wow, free plugging!] 🙂

Let’s assume that there will be 15 CRESAR sessions, held from 10:00am to 8:30pm with the following schedule:

10:00am to 10:15am – 15 minute morning merienda
10:15am to 12:15pm – Lecture (2 hours)
12:15pm to 1:15pm – Lunch (1 hour)
1:15pm to 4:15pm – Lecture (3 hours)
4:15pm to 4:30pm – 15 minute afternoon meryenda
4:30pm to 7:30pm – Lecture (3 hours)
7:30pm to 8:30pm – Dinner (1 hour)

NOTE: This is just for illustration purposes only. We’re not saying that CRESARs will actually be run this way.

From the above schedule, we see that there will be total of 8 hours of lecture each day. Multiply this by 15 days and you get your 120 hours of real estate training.

Max’s Restaurant (at least the one we spoke with) will rent out a conference room for P5,000 for three hours, plus P500 per hour after the first three hours.

Given the 10am to 8:30pm schedule, the total cost per day comes out to:

10am to 1pm – P5,000
1pm to 8:30pm – 7.5 hours x P500 = P3,750
Total Consumable Cost = P8,750

Let’s assume a CRESAR class size of 20 people. How much will lunch cost?

The estimate of Max’s Restaurant: P5,000 for lunch for a group of 20 (or about P250 per pax). Same thing for dinner.

So total for lunch and dinner is already P10,000 which practically more than covers the cost of the conference room. Remember, the P8,750 is consumable.

Let’s assume that total morning and afternoon merienda comes out to P150 per pax. That means total merienda is P150 x 20 or a total of P3,000.

So total estimated payment to Max’s Restaurant is P10,000 plus P3,000 or P13,000 per day (two meriendas, lunch, dinner).

Or, given the 20 CRESAR reviewees, that’s a Max’s cost of P650 per reviewee.

At P20,000 for a 120-hour CRESAR that comes out to P1,333 per day. If we remove the P650 food/venue cost, that’s P683 per CRESAR reviewee.

Assuming there’s only one CRESAR speaker or lecturer, 20 pax multipled by P683 comes out to P13,660 per day. Or P204,900 in 15 days.

Not bad for a CRESAR lecturer, right? 🙂

And if the CRESAR service provider charges P15,000 then the CRESAR lecturer ends up with P7,000 per day (assuming a CRESAR review class size of 20 people).

If the CRESAR lecturer is assisted by two people, each earning P500 per day, and each consuming P650 worth of Max’s Resto food a day, the lecturer will be left with P4,700 per day.

(Let’s assume Max’s will feed the CRESR lecturer for free.)

So in 15 days, and assuming a CRESAR total cost of P15,000, the CRESAR Lecturer will make P70,500. And remember, that’s two meriendas, lunch, plus dinner.

Now if the reviewer starts the CRESAR after lunchtime… Well, you can do the math. 😀

This tells us that CRESAR service providers have flexibility when it comes to pricing: Venue choice, food menu choice, working hours, number of staff.

Then again, there are costs we haven’t considered yet, such as Marketing and Communications expenses.

Perhaps you can ask the CRESAR providers for their planned schedule, so that you can easily see how many times you will eat. This is better than just seeing words along the lines of the cost covering snacks, meals, and handouts, right?

For those of you looking for a CRESAR review service provider, here are the top two recommended groups based on past experience prior to the passage of the RESA Law:

• Cesar Santos (CES Real Estate Academy)
• Engr. Enrico Cruz (Urban Institute of Real Estate)

Your CRESAR investment will be worth it, especially if you take the review seriously.

And when you recognize that you need every advantage you can take when preparing for the real estate brokers’ exam, then get the supplementary and highly affordable RESAR Online Review to help you learn faster and retain the information longer.

Tags: CRESAR, CRESR

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