The Professional Regulation Commission (PRC) has released the results of the Real Estate Brokers Licensure Examination administered by the Board of Real Estate Service across various locations in the Philippines. Out of the 1,758 hopefuls who took the exam in N. C. R., Baguio, Butuan, Cagayan de Oro, Cebu, Davao, Iloilo, Legazpi, Lucena, and Tacloban this April 2024, 1,337 successfully passed.
The Board of Real Estate Service, led by Chairman Ofelia C. Binag, along with members Rafael M. Fajardo, Jose Arnold M. Tan, and Pilar M. Torres-Banaag, conducted the licensure examination. Their commitment to maintaining professional standards ensures that only qualified individuals enter the real estate industry.
Starting June 17, 2024, successful examinees can register for the issuance of their Professional Identification Card (ID) and Certificate of Registration online. The PRC urges candidates to visit www.prc.gov.ph and carefully follow the instructions for initial registration. As part of the registration process, candidates must bring the following documents:
1. Downloaded duly accomplished Oath Form or Panunumpa ng Propesyonal: This form signifies the individual's commitment to uphold the standards and ethics of the real estate profession.2. Notice of admission (for identification only): Serving as a means of identification, this document confirms the candidate's participation in the licensure examination.
3. Two pieces of passport-sized pictures: The photos should have a colored background with a white background and a complete name tag for identification purposes.
4. Two sets of documentary stamps: These stamps are required for the processing of official documents.
5. One piece of short brown envelope: This envelope is necessary for the safekeeping of documents.
6. Submission of Original Surety Bond: A surety bond with a minimum amount of P 20,000.00 is required, with the Professional Regulation Commission (PRC)/Housing and Land Use Regulatory Board (HLURB) as Obligee. This bond ensures financial accountability and responsibility within the real estate profession.
Upon registration, successful examinees must personally sign in the Roster of Registered Professionals, affirming their status as certified real estate brokers.
This announcement underscores the PRC's commitment to maintaining the integrity and professionalism of the real estate industry in the Philippines. By adhering to rigorous examination standards and providing avenues for continuous professional development, the PRC ensures that licensed real estate brokers contribute positively to the growth and stability of the real estate sector.
The top performing school in the April 2024 Real Estate Brokers Licensure Examination as per Commission Resolution No. 2017-1058(C) series of 2017:
WITH 50 OR MORE EXAMINEES AND WITH AT LEAST 80% PASSING PERCENTAGE
- NOTHING FOLLOWS -
PERFORMANCE OF SCHOOLS
The performance of schools in the April 2024 Real Estate Brokers Licensure Examination in alphabetical order as per R.A. 8981 otherwise known as PRC Modernization Act of 2000 Section 7(m) "To monitor the performance of schools in licensure examinations and publish the results thereof in a newspaper of national circulation" is as follows:
Any
discrepancy in the report is not intentional on the part of the Commission, but
rather due to miscoding of school codes by the examinees themselves. Concerned
schools may write the Commission for correction.
Congratulations to the 1,337 successful examinees of the April 2024 Real Estate Brokers Licensure Examination! Your hard work and dedication have paid off, and we couldn't be prouder of your achievement. Special kudos to the top-performing schools, Information and Communication Technology Academy and University of Cebu, for their outstanding performance in nurturing future real estate professionals.
As you embark on this exciting journey in the real estate industry, remember that this is just the beginning. Your determination and passion will pave the way for a successful career ahead. For the complete list of passers and top 10 achievers, please visit the link below. Take pride in your accomplishments and continue to strive for excellence. We wish you all the best in your future endeavors!
PRC Philippines
The academic content for a Real Estate Broker in the Philippines typically involves a combination of theoretical knowledge, practical skills, legal regulations, and ethical considerations related to real estate transactions and property management. Here's an overview of the key academic content areas for a Real Estate Broker:
1. Real Estate Principles and Practices
- Real Estate Fundamentals: Understanding of real estate terminology, principles of property ownership, and types of real estate transactions.
- Real Estate Market Analysis: Techniques for evaluating market trends, property values, and investment opportunities.
- Property Management: Principles of property maintenance, tenant relations, and lease agreements.
- Real Estate Finance: Basics of mortgage financing, loan calculations, and financial analysis for real estate investments.
2. Legal Aspects of Real Estate
- Real Estate Laws and Regulations: Familiarity with local and national laws governing real estate transactions, property rights, and land use regulations.
- Contracts and Agreements: Understanding of legal contracts, purchase agreements, leases, and disclosures required in real estate transactions.
- Ethical Standards: Adherence to ethical standards and professional conduct in real estate dealings, including fair housing laws and anti-discrimination policies.
3. Property Valuation and Appraisal
- Property Valuation Methods: Techniques for assessing property values, including comparative market analysis, income approach, and cost approach.
- Appraisal Principles: Understanding of appraisal standards, methodologies, and techniques for determining property values.
- Valuation Software: Utilization of valuation software and tools for property appraisal and market analysis.
4. Real Estate Marketing and Sales
- Marketing Strategies: Development of marketing plans, advertising campaigns, and promotional materials for real estate listings.
- Sales Techniques: Effective negotiation skills, client relationship management, and closing strategies for real estate transactions.
- Technology in Real Estate: Utilization of digital marketing tools, social media platforms, and online listing services to reach potential buyers and sellers.
5. Real Estate Investment Analysis
- Investment Principles: Evaluation of real estate investment opportunities, risk assessment, and return on investment analysis.
- Investment Strategies: Portfolio diversification, asset allocation, and long-term wealth building through real estate investments.
- Taxation: Understanding of tax implications and incentives related to real estate investments, including capital gains tax, property tax, and depreciation.
Regulatory Framework and Certification
- Professional Regulation Commission (PRC): The PRC regulates the licensing and practice of real estate brokers in the Philippines.
- Real Estate Broker Licensure Examination: Mandatory examination administered by the PRC for individuals seeking to become licensed real estate brokers.
Continuing Education and Professional Development
- Continuing Professional Development (CPD): Completion of CPD units through seminars, workshops, and training programs to maintain licensure.
- Advanced Certifications: Pursuing specialized certifications in areas such as property management, real estate finance, or real estate law for career advancement.
Industry Engagement and Internship
- Internship Programs: Practical experience through internships with real estate brokerage firms, property developers, or real estate agencies.
- Mentorship: Guidance and mentorship from experienced real estate brokers to learn best practices and industry insights.
By covering these comprehensive academic content areas, Real Estate Broker programs in the Philippines aim to prepare students to become competent, knowledgeable, and ethical professionals capable of facilitating successful real estate transactions and providing valuable services to clients in the real estate market.