Real Estate Brokers April 2024: Complete List of Passers in the Licensure Examination

In a momentous stride for the real estate sector in the Philippines, the Professional Regulation Commission (PRC) has unveiled the results of the April 2024 Real Estate Brokers Licensure Examination. Among the 1,758 determined individuals who undertook the challenging examination across various regions including N. C. R., Baguio, Butuan, Cagayan de Oro, Cebu, Davao, Iloilo, Legazpi, Lucena, and Tacloban, a remarkable 1,337 candidates have emerged victorious.

Conducted under the discerning oversight of the Board of Real Estate Service chaired by Ofelia C. Binag and composed of distinguished members Rafael M. Fajardo, Jose Arnold M. Tan, and Pilar M. Torres-Banaag, the examination upheld the highest standards of professionalism and competency.

Highlighting this achievement are the top-performing schools, showcasing excellence in nurturing future real estate professionals. Leading the ranks is the Information and Communication Technology Academy, boasting an outstanding pass rate of 94.83%. Following closely is the University of Cebu, securing the second position with an impressive 80.95% pass rate.

Furthermore, in acknowledgment of the exceptional performance displayed by individual examinees, the Professional Regulation Commission (PRC) extends recognition to the top ten achievers in the April 2024 Real Estate Brokers Licensure Examination.

Leading the prestigious list is John Joseph Zosa Kagatan, whose outstanding performance secured him the coveted first rank. Hailing from the University of Mindanao-Davao City, Kagatan exhibited remarkable expertise, earning an impressive rating of 92.25%.

Following closely is Zheerex Faron Villero, attaining the second rank with an impressive rating of 91.75%. Villero, representing the University of Cebu, demonstrated commendable knowledge and skill in the real estate domain.

Securing the third position is Mary Ann Yambot Roque, a standout performer from the Information and Communication Technology Academy. With a rating of 91.25%, Roque's dedication and proficiency underscore her promising potential in the real estate industry.

These exceptional individuals have demonstrated outstanding knowledge, skills, and dedication, positioning themselves as future leaders in the real estate industry.

The successful examinees, along with their respective schools and mentors, deserve commendation for their unwavering commitment and hard work. Their success not only reflects their personal achievements but also contributes significantly to the advancement and professionalism of the real estate sector in the country.

Moving forward, the PRC encourages all newly licensed real estate brokers to uphold the highest ethical standards and continue their professional development. With their expertise and dedication, they play a pivotal role in shaping the landscape of the real estate industry and driving sustainable growth.

SOURCE:
PRC Philippines

Functions Overview of the Real Estate Broker Profession

Real estate brokers are licensed professionals who facilitate transactions involving the sale, purchase, or rental of real property. They act as intermediaries between buyers and sellers, helping clients navigate the complexities of the real estate market. Here’s an overview of their functions:

1. Property Sales and Purchases

Listing Properties: Representing sellers to list their properties for sale on the market.
Market Analysis: Conducting market research and analysis to determine appropriate listing prices for properties.
Property Showings: Arranging and conducting property viewings for potential buyers.
Negotiation: Negotiating sales agreements and purchase offers on behalf of clients to achieve favorable terms and prices.
Closing Transactions: Facilitating the closing process, including coordinating with attorneys, title companies, and other professionals involved in the transaction.

2. Buyer Representation

Needs Assessment: Understanding the needs and preferences of buyers to help them find suitable properties.
Property Search: Searching for properties that match buyers' criteria, including location, size, features, and budget.
Property Tours: Organizing and conducting property tours for buyers to view potential homes or investment properties.
Offer Preparation: Assisting buyers in preparing and submitting purchase offers, including negotiating terms and contingencies.
Due Diligence: Guiding buyers through the due diligence process, including property inspections, appraisals, and financing arrangements.

3. Rental Services

Rental Listings: Assisting landlords in listing rental properties for lease on the market.
Tenant Screening: Screening prospective tenants by verifying employment, income, credit history, and rental references.
Lease Negotiation: Negotiating lease terms and conditions, including rental rates, lease duration, and security deposits.
Lease Signing: Facilitating lease signings and ensuring that all parties understand their rights and responsibilities.

4. Market Analysis and Valuation

Comparative Market Analysis (CMA): Analyzing recent sales data and market trends to determine the market value of properties.
Property Valuation: Providing accurate valuations for properties based on factors such as location, condition, amenities, and market demand.
Price Recommendations: Advising clients on pricing strategies to maximize the sale or rental potential of their properties.

5. Marketing and Advertising

Property Marketing: Developing and implementing marketing strategies to promote properties to potential buyers or tenants.
Online Listings: Creating and managing online listings on multiple platforms, including real estate websites, social media, and listing services.
Print Advertising: Designing and placing advertisements in newspapers, magazines, and other print media.
Open Houses: Hosting open houses and property tours to showcase properties to prospective buyers.

6. Client Representation and Advocacy

Fiduciary Duties: Acting in the best interests of clients and upholding fiduciary duties of loyalty, confidentiality, and disclosure.
Client Advocacy: Advocating for clients' interests during negotiations and transactions, including protecting their legal rights and financial interests.
Professional Advice: Providing expert advice and guidance to clients on real estate matters, including market conditions, legal issues, and investment strategies.

7. Legal and Regulatory Compliance

Licensing Requirements: Ensuring compliance with state licensing requirements for real estate brokers and agents.
Contract Compliance: Reviewing and ensuring compliance with legal contracts, purchase agreements, and lease agreements.
Disclosure Obligations: Advising clients on legal disclosure requirements related to property defects, environmental hazards, and other material facts.

8. Networking and Relationship Building

Networking Events: Attending networking events, industry conferences, and professional organizations to build relationships and expand professional networks.
Referral Networks: Cultivating relationships with other real estate professionals, including agents, lenders, attorneys, and inspectors, to facilitate referrals and collaborations.
Client Retention: Building long-term relationships with clients through exceptional service, communication, and follow-up.

9. Continuing Education and Professional Development

Continuing Education: Participating in ongoing education and training programs to stay updated on changes in real estate laws, regulations, and industry best practices.
Certifications and Designations: Pursuing certifications and designations such as Certified Residential Broker (CRB) or Certified Commercial Investment Member (CCIM) to enhance professional credentials.

10. Market Research and Trends Analysis

Market Monitoring: Monitoring local, regional, and national real estate markets to identify emerging trends, opportunities, and challenges.
Industry Analysis: Analyzing economic indicators, demographic data, and housing market reports to inform clients and make strategic decisions.
Investment Analysis: Providing investment analysis and advice to clients interested in real estate investment opportunities.

Real estate brokers play a vital role in facilitating real estate transactions and helping clients achieve their property-related goals. Their expertise, professionalism, and market knowledge are essential in navigating the complexities of the real estate market and ensuring successful outcomes for buyers, sellers, landlords, and tenants.

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