How to Get Your Real Estate Broker License In The Philippines: A Complete Guide

Summary: Do you want to become a real estate broker? We’ve made a quick and simple guide to help you secure a realtor license and start closing property deals.

Read Time: 7 minutes

If you’re interested in selling properties and making it big time, you need to apply for a property agent license. Real estate agents make more than ₱20,000 on average, depending on your effort and skills.

Before you become a legitimate real estate agent, you need to acquire a realtor license. This article will help you walk through the process with its complete guide. Read on and check the real estate broker license requirements.

5 Important Steps in Acquiring a Real Estate Agent License

You need to follow specific steps to become a credible office or online real estate agent. It includes how to apply for a real estate license broker course and others. The below procedures should help you get your real estate license in no time.

Step 1: Understand the Real Estate Agent Qualifications

Before becoming a certified real estate broker, you need to obtain a Bachelor of Science Degree in Real Estate Management (BS REM). It’s a prerequisite the Real Estate Services Act (Republic Act 9646) mandated. It states that all individuals who carry out public real estate services should possess the necessary understanding and be government-licensed and government-registered.

Additionally, before taking the exam, you need to get a Bachelor of Science in Real Estate Management (BS REM) based on the memorandum issued by Commission on Higher Education (CHED), also issued Memorandum Order 28. It’s a 4-year degree course offered in some colleges and universities, including De La Salle University, Philippine Christian  University, and STI Colleges, to name a few.

You can also take a real estate broker course under the Technical Education and Skills Development Authority (TESDA). It’s a government agency that manages and oversees technical education and skills (TESD).

Taking a broker course online is one of the many courses they provide to undergraduates or undergraduates. The real estate agent course also serves as a stepping stone to your real estate agent career.

After acquiring your BS REM, you need to pass the Professional Regulation Commission (PRC) exam. Submit the required documents like the ones usually asked from graduates of other fields of study. Note that they will also ask for your email address, contact number, and personal data, including the date you graduated.

Step 2: Register with the Professional Regulation Commission (PRC)

This Philippine government agency is responsible for implementing and enforcing the administrative laws and protocols of the country. After passing laws and protocols of the country. Below are the real estate agent requirements you need to submit:

●     Completely filled-out PRC Application Form

●     Community Tax Certificate

●     NSO/ PSA Marriage Contract (For Married Female Applicants)

●     NSO/ PSA Birth Certificate

●     Four (4) Passport-Sized Pictures (with white background and name tag)

●     Valid NBI Clearance (First Timers & Repeaters)

●     Transcript of Records with Scanned Picture (For Board Examination Purposes)

●     Bachelor’s degree in Real Estate Management (BS REM) Diploma

●     ₱900 Examination Fee

After getting approval, you’ll receive a permit from the agency’s Board of Real Estate Service, allowing you to take the real estate broker license exam.

Step 3: Take and Be Sure to Pass the Real Estate Licensure Exam

You must pass this examination to become a licensed real estate agent. Remember the examinations’ date and time, including the venue. Results are generally published in national newspapers and on the PRC website within 3 to 5 working days after taking the test.

After passing the exam, you can now register online on the PRC website for your Professional Identification Card and Certificate of Registration issuance.

Go to the PRC office where you choose to register and bring the following requirements:

●     Notice of Admission (for identification only)

●     Duly accomplished Oath Form or Panunumpa Ng Propesyonal

●     One (1) short brown envelope

●     Two (2) sets of Documentary Stamps

●     Two (2) Colored Passport Photos (with white background and name tag)

●     Original Surety Bond (P20,000 minimum amount) with the Professional Regulation Commission (PRC)/ Housing and Land Use Regulatory Board (HLURB) as Obligee

After granting your real estate agent certification, your next step is registering with the Land Use Regulatory Board (HLURB) before you can become an authorized real estate broker.

Step 4: Register with the Housing and Land Use Regulatory Board (HLURB)

According to the law, all Filipino Real Estate Brokers must register with the Housing and Land Use Regulatory Board (HLURB). Accomplish all the needed documents to obtain your HLURB Certificate of Registration. This certificate gives you the authority to sell properties, from minor to the largest and the cheapest to the most expensive. You can now apply as a real estate broker.

Step 5: Apply in Realty Companies and Prepare the Needed Documents

Conduct research on a real estate company you would like to work for and where your skills suitably fit. Check for their reputation and how long they have been in the industry. You have to consider these factors when searching for a real estate firm where you want to work.

The real estate industry offers exciting rewards for real estate agents, along with several birth pains along the way. Acquiring your license is but the first step in succeeding in the business, as you’ll learn more things during your journey.