RESAR on Apr 23 2009 | Filed under: Real Estate Seminar Tips
Here are some quick notes about the Documentary Stamp Tax or DST: Accrues only upon FULL payment. DST on Sale = 1.5% of Tax Base DST on Mortgage Look at the amount of the mortgage. P20 for the first P5,000 P10 for every P5,000 (or a fraction thereof) of the remaining amount of the mortgage […]
RESAR on Apr 23 2009 | Filed under: Real Estate Review
As a real estate broker, you basically have to consider two kinds of assets when determining taxes which have to be paid to the BIR: 1. Ordinary Assets (pay Creditable Withholding Tax) 2. Capital Assets (pay Capital Gains Tax, 6%) Ordinary Assets are: Assets acquired by the bank Depreciated Stock in trade Used in business […]
RESAR on Apr 23 2009 | Filed under: Real Estate Brokers' Exam
In the October 2008 Real Estate Brokers’ Exams, 615 out of 1,322 people passed. In other words, about 46.5% passed. The Top 5 Real Estate Brokers (as far as the October 2008 Real Estate Brokers Licensure Examination is concerned) has scores ranging from 79% to 86%. Let’s make that Top 5 positions, since there were […]
RESAR on Apr 23 2009 | Filed under: Real Estate Seminar Tips
There are three basic kinds of Realty Tax: 1. Basic Realty Tax – 1% to 2% of the Assessed Value (Provincial – 1%; Metro Manila – 2%) 2. Special Education Fund (SEF) – 1% of the Assessed Value 3. Idle Land Tax – not to exceed 5% of the Assessed Value These taxes are paid […]
RESAR on Apr 23 2009 | Filed under: Real Estate Seminar Tips
Here is a quick summary of due dates for the payment of taxes related to real estate in the Philippines. This makes for a handy review for those who want to pass the Real Estate Brokers’ Exam conducted by the DTI. DST – on or before the 5th day of the following month (based on […]
RESAR on Apr 23 2009 | Filed under: Real Estate Brokers' Exam
Here are the requirements that you need to submit to the DTI if you want to take the Real Estate Brokers’ Exam: 1. Signed Application Form (get the form from the DTI) 2. Original and photocopy of your Transcript of Records or your Diploma. NOTE: I heard that you can also submit your Certified True […]
RESAR on Apr 23 2009 | Filed under: Real Estate Review
There are a lot of people who want to become licensed real estate brokers in the Philippines. You’d be surprised at how jampacked all these comprehensive real estate seminar and review (CRESR) sessions can be. The main challenge of reviewees, however, is TIME. What with the traffic, our hectic full-time jobs… when will we have […]
