Real Estate Seminar and Review

People are looking for affordable real estate review schools, because they are preparing for the PRC’s real estate brokers licensure exam which is scheduled for March 27, 2011.

For example, here’s a comment sent in by Mal…

Mal writes:

Am wondering where i could find a real estate review school offers a very reasonable/affordable fees for the reviewees.

Fees of P12,500, P17,500 and P20,000 are too high compared from the usual price paid by the past reviewees during DTI time. I guess the fees was only P3,500 then.

The license is not only for the rich people but its for everybody…dreaming to become a license real estate broker.

I guess we all just need is a good/comfortable place for the seminar, a good speaker who can deliver a quality workshop. Snacks? light meryenda is good enough! Lunch??? kanya kanyang baon maybe.

Thank you for reading my comment. And hoping to get a good feedback VERY soon for this CRESAR review classes for January, 2011.

GOODLUCK! to all of us…. aspiring to become a lic. real estate brokers.

Now let’s clarify a few things…

Before the passage of the RESA Law IRR (RA 9646), the DTI required a minimum of 24 hours attendance in a Comprehensive Real Estate Seminar and Review (CRESAR), before you may apply for an Examination Permit for the REB Exam.

For example, before July 2009, these 24-hour CRESARs cost anywhere between P3,500 and P4,500 (inclusive of snacks, one meal, and a handout).

Now that the RESA Law has been passed, the prerequisite is 120 credits. Some have interpreted this as 120 hours.

So if you extrapolate the P3500 ~ P4500 for a 24-hour CRESAR, that comes out to P17,500 to P22,500 for a 120-hour CRESAR.

How To Find A More Affordable Real Estate Review Seminar

Think of your area, and look for other people who are interested in reviewing for the upcoming real estate brokers exam. Then, get in touch with an association of real estate brokers in your area, and request them to organize a CRESAR for your group.

When you help organize such a CRESAR, this will help drive costs down.

If you will rely only on the efforts of the PAREB, REBAP, PLAREB, or other associations of real estate brokers, then you will need to better understand their costs.

For example, here are things that CRESAR organizers have to consider:

1. How many people will attend the CRESAR?
2. What will be the venue, given the number of attendees?

If you prefer a central location, then be prepared for higher fees. For example, how much will a conference room cost in Makati?

Now assuming you have enough interested reviewees (i.e., at least 20), then perhaps you can reserve a clubhouse in some subdivision for only P5,000 per day. You can also save on food if the attendees will agree to just bring their own lunch.

As for the speaker… Please keep in mind that’s it’s no joke to lecture on real estate concepts for 8 hours a day. And then there’s the staff who will handle payments, set-up of presentation equipment, and logistics.

Anyway, please see a previous post called Real Estate CPE and CRESAR: Why It’s Worth It and find out if a career in real estate brokerage is really for you.

How To Get A CRESAR Review For “FREE”

Here’s a suggestion: Join a property developer (that does not offer such long-term payment plans for house and lot packages), and sell a P2.0 million H/L package.

Your gross commission will be around 2.5%, or P50,000 (P45,000 net of the withholding tax).

You can then use part of your commission to pay for a P20,000 CRESAR.

Here’s another suggestion: Find a broker who can help sponsor your CRESAR, and in exchange offer to help promote his or her projects on the web for the next 12 months.

There are free places you can blog in, such as Blogger.com, as well as online classified ad sites that you can publish ads in, to help promote the projects of your broker-sponsor.

Since you’re here, right now, reading this webpage, that means you already have an advantage over brokers who mainly use the web for email, YouTube, or Facebook.

Please Look At This As A Challenge…

Try to see the P20,000 CRESAR fee as a challenge, and not as a problem. If a person is unable to raise P20,000 then how can other people expect him or her to raise P2.0 million for a real estate project, right?

If someone is completely unable to raise P20,000 then how can that same person get a property buyer to pay a P25,000 reservation fee?

Trace Trajano, in one of his Think Rich Quick seminars, taught his seminar attendees a script which they used to raise funds.

The result: P31 million in 31 minutes.

So here’s the challenge to serious aspiring real estate brokers: Find a way to raise the funds needed for your CRESAR.

Good luck, and may your business succeed in 2011 and in the years to come! 🙂

Tags: CRESAR, CRESR

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