Update: PRC Accreditation For Real Estate Salespersons

As promised, I'm back with the update on how to be accredited as a real estate salesperson with the Professional Regulation Commission (PRC).  This is known as PRB-RES (Professional Regulatory Board - Real Estate Service) Resolution No. 13, amendment to Section 31 of the RESA Law IRR (Implementing Rules and Regulations).  The major change is the deadline: from July 30, 2011 to December 31, 2011.  This deadline only applies to those who have been salespersons for 3 years or more AND are not at least 2nd year college level.  There is no deadline for those who want to be salespersons AND are at least 2nd year college level.  Without further ado...

The applicant shall follow these steps:

1. Submit the filled-up or accomplished application with supporting documents for pre-evaluation to the Office of the Secretary, PRBs or of the Assistant Secretary, PRBs (3rd floor, Main Bldg) at the PRC Central Office, or Regional Offices processing counters.
2. Proceed to the cashier for payment of fees - P600.00 (Ground floor, Main Bldg.)
3. Proceed to the Customer Service Center for metered documentary stamp (same)
4. Submit duly accomplished application form to the Office of the Assistant Secretary, PRBs (3rd floor)
5. Verify the status of your application at the PRC website: www.prc.gov.ph

Supporting documents for NEW or existing real estate salesperson with no DTI/HLURB registration:

• Original and photocopy of NSO birth certificate / Certificate of Live Birth
• Original and photocopy of NSO marriage certificate (for married females only)
• Original and notarized Certificate of Educational Attainment on the completion of at least two (2) years of college
• Original NBI clearance (valid for the current year)
• Original and notarized Certification of twelve (12) credit units on Real Estate Brokerage (12 CPE units)

Supporting documents for existing real estate salesperson with DTI/HLURB registration:

• Original and photocopy of NSO birth certificate / Certificate of Live Birth
• Original and photocopy of NSO marriage certificate (for married females only)
• Original and notarized Certificate of Educational Attainment (at least High School diploma)
• Original NBI clearance (valid for the current year)
• Original and notarized Certification from his/her DTI-licensed real estate broker or HLURB-registered real estate developer
• Original and photocopy of DTI/HLURB Certificate of Registration as Salesperson
• Original and notarized Certification of at least One Hundred Twenty (120) hours of training and seminar, to be issued by the employer or provider (60 hours classroom lecture or seminars and 60 hours of training or fieldwork)

Supporting documents for existing real estate salesperson with at least three (3) years of active practice:

• Original and photocopy of NSO birth certificate / Certificate of Live Birth
• Original and photocopy of NSO marriage certificate (for married females only)
• Original and notarized Certificate of Educational Attainment (at least High School diploma)
  
• Original NBI clearance (valid for the current year)
• Original and notarized Certification from his/her supervising licensed real estate broker or HLURB-registered real estate developer
• Original and notarized Certification of at least One Hundred Twenty (120) hours of training and seminar, to be issued by the employer or provider (60 hours classroom lecture or seminars and 60 hours of training or fieldwork)

Some more information about the accreditation:

• The Registration Division shall notify the accredited salesperson to enroll their names in the Roster of Accredited salespersons after they shall have paid the prescribed fee.
• Within a reasonable period, the enrolled accredited salespersons shall be issues their identification cards (ID), containing the data or items that are material to the use thereof in their practice as real estate accredited salespersons.
• The said ID shall be renewable every year for a period of one (1) year from his/her birth month.
• The Board (PRB-RES) and the Commission (PRC) shall have the right to cancel, withdraw, confiscate, or not to renew such ID upon violation of any law or rule or non-compliance with the conditions or obligations set forth therein.

There you have it, the implementing rules and regulations for getting accredited as a real estate salesperson with the PRC.  I'm sure some people will be saddened by the fact that the PRB-RES specified only existing salespeople with a high school diploma are eligible to get registered until December 31, 2011.  We can only hope that they'd see fit to amend it once more and soon, at least until the deadline.

Finally, many thanks to www.foreclosurephilippines.com for this.  For more information about real estate and foreclosures, visit Jay Castillo's site, too.

Happy Selling!
Jon

Focus: The Torii Residences

Okay, so it's time to really gear up and get down to business.  What a lot of you don't know is, I'm an accidental real estate broker.  The truth is, I was on my way to pursuing online marketing and website design, by learning HTML, CSS and Javascript, as well as reading and signing up on everything I can find online about SEO, SEM, article marketing, etc.  You can find evidence of that in this blog, in my earlier posts.  So as luck would have it, I told a high school friend about it, and he told me to help him market his real estate projects online and offline.  The deal?  I had to get licensed as a real estate broker first.  And so I enrolled with the Urban Institute of Real Estate for the CREB (certified real estate broker) course and passed the board exam, and here I am.  My friend did good on his promise and gave me this chance to help him market The Torii Residences, a 38-unit townhouse-designed condo project hidden away in San Juan. 

The Torii Residences will have 5 clusters, from A to E, with a total lot area of almost half a hectare.  The first cluster is under construction now and will be ready for occupancy in the 1st quarter of 2012 with 14 units.  Amenities include a jogging path that is completely safe from motor vehicles within the compound, a swimming pool, and a clubhouse.  For more information about the project, watch this video of The Torii Residences.

We are currently looking for investors who would like to get in during the pre-selling stage; the advantage is really huge (more than a million, so to speak)!  I'm also encouraging other licensed brokers who would like to sell this project to their clients.  If you're interested, as an investor or a broker, shoot me an e-mail.

Let me take the opportunity to show you the flyer for the Torii Residences.  The layout, overall design, as well as the logos were all created by my lovely fiancee; I took care of the ad copy.  I'm now sourcing for people who will do flyering, and looking for places where we can disseminate these beautiful creations.  If you know anybody who would like to do part-time work handing out flyers for P200 a day, for about 5-6 hours, please ask them to get in touch with me.  I'm also on the lookout for real estate salespersons who would like to get accredited with the PRC under me.

I hope you can join us, as an investor or as someone who will market this beautiful condo project.  You're always welcome to visit the site to see how things are progressing, just let me know in advance so I can give you a tour.  You're also very much welcome to send me an e-mail if you have anything to ask.  If you're looking for value, this is it, your gateway to upscale urban living in the heart of Metro Manila - The Torii Residences.


Live beautifully,

Jon Tanpoco
(PRC license no. 4326)