It’s official: The 2nd PRC Real Estate Brokers Licensure Exam will be on March 18, 2012

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The long wait is over, the Professional Regulation Commission or PRC has just released the official PRC Licensure Exam Schedules for 2012 at their website and it includes the licensure exam schedules for Real Estate Brokers, Real Estate Appraisers, and Real Estate Consultants.

Actually, I’ve been hearing a lot of “rumors” pertaining to the date for the next real estate brokers licensure exam since a few months back, from very reliable sources. However, no official announcements followed, which is why I referred to them as “rumors”. Because of this, I decided that I would rather wait and only post the official date of the Real Estate Brokers Exam for 2012 from the PRC.

Now it’s official and you may find the complete 2012 licensure exam schedules for real estate professionals below.

Schedule of Real Estate Brokers Licensure Exam for 2012

(I have also included the schedule for Real Estate Appraisers and Real Estate Consultants)

Name of examination

Date/s of exam

Place/s

Deadline of filing of applications

REAL ESTATE BROKERS LICENSURE EXAMMarch 18, 2012 (SUNDAY)MANILA, BAGUIO, CAGAYAN DE ORO, CEBU, DAVAO, ILOILO & LEGAZPIFEBRUARY 27, 2012 (MONDAY)
REAL ESTATE APPRAISERS LICENSURE EXAMJuly 8, 2012 (SUNDAY)MANILA, BAGUIO, CAG. DE ORO, CEBU, DAVAO & ILOILOJUNE 18, 2012 (MONDAY)
REAL ESTATE CONSULTANTS LICENSURE EXAMDecember 9, 2012 (Sunday), December 10, 2012 (Monday)MANILANOVEMBER 19, 2012 (MONDAY)

Source: PRC Website

 

With the release of the official date of the real estate brokers exam (and other real estate practitioners), I’m sure a lot of you out there will be asking the following questions, which I will try to answer as well below:

What are the real estate brokers licensure exam requirements?

To answer this question, let me quote Section 14 of the RESA Law IRR which is about the qualifications of applicants for examinations:

SEC. 14. Qualification of Applicants for Examinations. In order to be admitted to the licensure examination for real estate service, a candidate at the time of filing his/her application, shall establish to the satisfaction of the Board that he/she possesses the following qualifications:

(a)  A citizen of the Philippines,

(b)  A holder of a relevant bachelor’s degree from a state university or college, or other educational institution duly recognized by the CHED; Provided, That he/she has completed at least one hundred twenty (120) credit units of real estate subjects and training from accredited service providers, as may be determined by the Board; Provided, further, That as soon as a course leading to a Bachelor’s degree in Real Estate Service is implemented by the CHED, the Board shall make this course a requirement for taking the licensure examination,

(c)  Is of good moral character, and must not have been convicted of any crime involving moral turpitude,

(d)  An applicant for the licensure examination for real estate consultants must show proof that he/she has at least ten (10) years experience as a licensed real estate broker, or an assessor, or as a bank, or institutional appraiser, or an employed person performing real property valuation, or at least five (5) years experience as a licensed real estate appraiser.

xxx”

What is the coverage of the Real Estate Brokers Exam?

According to Section 13 (c) of the RESA Law IRR, the coverage for the real estate brokers exam shall be as follows:

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“(c) For real estate brokers

  1. Fundamentals of property ownership;
  2. Code of ethics and responsibilities;
  3. Legal requirements for real estate service practice;
  4. Real estate brokerage practice;
  5. Subdivision development;
  6. Condominium concept and other types of real estate holdings;
  7. Real estate finance and economics;
  8. Basic principles of ecology;
  9. Urban and rural land use;
  10. Planning, development and zoning;
  11. Legal aspect of sale, mortgage and lease;
  12. Documentation and registration;
  13. Real property laws and taxation; and
  14. Any other subjects as may be determined by the Board.
xxx”
Yes, basic principles of ecology is on the list! In addition, you might want to take a look at the past exam’s Tables of Specifications (TOS) for the subjects in the Board Licensure Examination for Real Estate Brokers (BLEREB) which can be found in the following article:

Where can I review for the real estate brokers exam?

So where can you find those accredited service providers where you can get at least one hundred twenty (120) credit units of real estate subjects and training?

To help you out, I will be making another compilation of CRESAR/CRESAT/REBSAT (or whatever it really is called :-) ) schedules of accredited service providers similar to my previous compilation for the March 2011 Real Estate Brokers exam. I invite everyone out there to submit schedules of seminars you may know, along with other important details like seminar fees, exact address of venue, complete schedule, etc, by leaving a comment below.

*Update – The new compilation of CRES providers can be found here “Where can I review for the March 18, 2012 Real Estate Brokers Exam?”

How can I file my application for the real estate brokers exam?

Once you complete all your requirements, I suggest you file your real estate brokers exam application early. My wife created a step by step how-to on this which you can find in the article below. Although this was written for the past exam (March 2011), I believe this should still be applicable for the coming real estate brokers exam on March 18, 2012. Keep in mind that the deadline for the filing of applications is on February 27, 2012.

Where will be the exact venues of the Real Estate Brokers Exam on March 18, 2012?

I expect the PRC to announce the final room assignments a few days before the exams similar to what they did in the past. For the March 27, 2011 exam, I believe they released the room assignments  5 days before the exam, and I also posted the room assignments here. Once this is released by the PRC for the coming exam on March 18, 2012, I will also post it here once again.

I highly suggest that you subscribe to e-mail alerts so that you will be notified once the final room assignments become available.

Lastly, good luck to all aspiring real estate brokers who will take the licensure exam on March 18, 2012!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194
Blog: http://www.foreclosurephilippines.com
Follow me in Twitter: http://twitter.com/jay_castillo
Find us in Facebook: Foreclosure Investing Philippines Facebook Page

Text by Jay Castillo and Cherry Castillo. Copyright © 2011 All rights reserved.

Full disclosure: Nothing to disclose.

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About Jay Castillo

Jay is the founder of Foreclosurephilippines.com where he shares real estate investing tips and foreclosed property listings. He quit his job as an I.T. Manager to focus on Real Estate Investing and Internet Marketing. He is a PRC licensed Real Estate Broker (REB License # 3194)... [Read more]

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  • Marianne

    Hi Sir Jay. Where can we find previous questionnaires for the Brokerage Exam? :-)
    Thank you :-)

  • Omar

    WOW! Amazing content you have here sir Jay! Reading through your articles here, na-renew yung interest ko on real estate. To make it short, now I want to be a licensed broker!

    But let me just clarify po, I have a degree in Nursing, now if I want to take the broker’s licensure all I need to do is to finish any cresar review, then I can go take the exam? I don’t have to have any prior experience in real estate whatsoever to do so?

    Thanks a lot for someone like you! My ultimate dream is in investing, kagaya ng sa inyo, but as of right now I need education first, & the funds to invest. LOL! This is my first step in doing so..

    • http://www.foreclosurephilippines.com Jay Castillo

      Thank you Omar for the kind words, really appreciate it! Yes you are right, all you need to do is to attend PRC accredited 120-unit CRESR, then take the exam, no experience in real estate is needed. Good luck!

  • evelyn castaneda

    hi my friend is only a fourth year student and will finish his course on March can he take the exam? Can the transcript requirement to follow?

  • Andy

    Wanna ask if the NREA will have a review in San Fernando City, La Union for the brokers exam on March 2013…. If there is , kindly give me their contact nos of the people who will conduct the review… tnx

  • seychelle

    Hi Jay!

    I just wanted to ask if it is necessary to have any experienced in the field of Real Estate? Im Bus. Ad graduate and working in an accounting firm. Im planning to have my review in order to take the Brokers Licensure Exam next year. Pls reply coz im really interested to become one. THANK YOU SO MUCH.

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Seychelle, you don’t need to have any prior experience in real estate, good luck!

  • CYNTHIA

    I am from Quezon City, I’m planning of taking the real estate broker’s exam this march 2013, where can I have my review? …In Quezon City please. Thanks.

  • Bruno R. Tadle

    Sir,

    Good day to you….

    I plan to take a Board Examination for Licensed Real Estate Broker. Do you know, where I can take a review. Thank you & GOD BLESS.

    Boy Tadle

  • krys

    Hi jay, kelangan ba bachelors degree ang natapos to take the exam? I only took civil engineering technology in tup way back in college, i want to be pa naman one of the brokers. thanks

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Krys, as per RESA Law, you need to be a college graduate to be able to take the real estate brokers licensure exam.

  • khriezha

    Hi! I’m looking for the real estate broker review this year. Do you have next schedule this coming July or August?

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Khriezha, I am about to post some details about Urban Institute’s upcoming CRESR. They are already accepting reservations for their next Comprehensive Real Estate Seminar and Review for the 2013 real estate brokers exam (I’m not sure if there will be another one in 2012). This first CRESR batch should be around August 2012. I suggest you subscribe to email alerts so you will be notified through email when I publish the article. Cheers!

      • khriezha

        ok thank u so much..! God Bless! :)

  • Rey

    Hi Jay,

    Once a year lang ba ang broker’s exam? May schedule na ba para sa susunod?

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Rey, so far that has been the trend for PRC, only one exam per year. Although there are no official announcements that I have heard, expect the next brokers exam in March 2013. Good luck!

  • Ehumangit_23

    mr. castillo

    i just want to ask other requirements for real estate appraiser licensure examination?let say i am already license real estate broker last year, is it true that before i am qualified to take that exam(appraiser) i must be 5 yrs in practice as a real estate broker?

    thank you very much & god bless

    epie/ehumangit_23@yahoo.com

  • Dansipin

    Mr. Castillo,
    I’m a licensed real estate person in California since 1994. I’ve recently met someone from Ormoc City and because of her ties, we have decided to stay close and Cebu seems like an ideal location. I’am a dual citizen and wishes to become a real estate broker in Cebu. Are the real estate practice courses mandated by the state of California, such as Ethics, Property Management, Real Estate Law, Real Estate Finance, etc. transferable in the Philippines? Would you define for me the licensing requirements in the Philippines?
    Your kind advice in this regard will be much appreciated.

    Dan Sipin
    Remax Top Team
    dansipin@remaxtopteam.com
    CADRE#01175613

  • Ric_dabomb48

    IS the March 18 exam the last day of the Broker’s licensure exam the last exam ever before turning it into a 4 yr course?

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Ric, personally I doubt this will be the last exam, although this is just my opinion.

  • orejet

    Hi Mr. Jay,

    I’m BSC Management Graduate & currently in qatar…would like to ask if I’m capable of being a license brokers agent? & where i could start?

  • Zleeb_1406

    Hi Mr. Jay,
    I’m BSC Management graduate & currently in qatar for 5 years…i read your blog and its quite interisting for me. would like to ask if i’m applicable for a license broker agent? & where i can start?

  • S_sittie

    hi sir jay.                                                                                                                                                                                 I’m a graduate BSBA finance management student last October. i just want to ask if i can get an examination as a licensure brokers agent. Thank you so much!

  • Pingback: “Where can I review for the March 18, 2012 Real Estate Brokers Exam?” — Foreclosure Investing Philippines

  • allan santiago

    jay,

    Good day!

    we took the exam last year but unfortunately failed the exam…can i still use the the certificate that i take last year for 2012 exam?thanks!

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Allan, I heard some “rumors” before that it can be used again but I am not entirely sure. I would suggest you ask your CRESR provider. They should be able to assist you with this. Good luck on the March 2012 exam!

    • http://www.foreclosurephilippines.com Jay Castillo

      Good news, according to Engineer Cruz of Urban Institute, pwede daw! According to him, the RESA and its IRR did not mention any expiration period for the CPE units earned!

  • Carlsant

    Hello po! I’m planning to take the exam on March 18, 2012…Saan po ba pinakamagandang mag-review at an affordable cost? May mabibigay po b kayong mga tips pra makapasa?

  • Azil

    Hi Sir Jay,

    I’m a graduate of Civil Engineering without work experience and I wanted to take the Real Estate Professional Examination, what are the requirements to pass and to where I would take my review for the exam? Thanks.

  • Jpanis2001

    jay , you have a list of caloocan city hall latest delinquent real estate for auction?

    • http://www.foreclosurephilippines.com Jay Castillo

      Wala pa as of now Lito. Luma na yung meron ako.

  • Lito Panis

    Jay, musta na, dito pa rin ako sa saudi, sana makakuha ako ng exam, kaso wala akong makitang seminar sa isang buwan lang ang 60 units para makuha ko sa loob ng vacation ko na 28 days sa January, meron k bang alam na pwede kong kunin na seminar in1 month only sa january 2011?

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Lito, diyan ka magpapasko sa Saudi? Anyway, may nakita ako na schedule sa Urban Institute pero lumafpas siya ng January, abot siya ng February 2012 as follows:

      Comprehensive Real Estate Seminar (CRES)MONDAY & THURSDAY  SECTIONEvery Monday and ThursdayJanuary 5, 9, 12, 16, 19, 23, 26, 30 February 2, 6, 9, 13  12 sessions, 1:15 PM to 6:45 PMAsian Institute of Management (AIM) Conference CenterLegaspi Village, Makati City

      I’ll post more details in a blogpost where I am compiling CRESARS…

  • wondering

    Hi Jay.  We are interested in going into the real estate business as developers.  We were considering whether or not to take CRESAR for added knowledge on developing properties for selling.  But it is a bit costly so we were wondering if it is a good idea to take for would-be real estate developers or are the topics discussed too specific real estate brokers only?  Would love to here your advice on this.  Thanks.

    • http://www.foreclosurephilippines.com Jay Castillo

      As a soon-to-be developer, I believe it is a definite edge because you will learn the nitty-gritty of doing real estate in the Philippines. You only need one person to attend the CRESAR as your company would only one licensed broker (alternately you can just hire one).

      Another way to look at this would be as follows:  since you are going to get brokers to sell your properties, wouldn’t it be an advantage if you knew how brokers should conduct their practice in an ethical, legal, not to mention morally correct way?

      I hope this helps!

  • Engr. Rey John F. Tantay

    Hi Jay.
    I just want to know if the CPE units earned recently for the Appraisers can still be used for the upcoming R.E. Brokers exam.

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Engineer Rey,

      Honestly, I’m not sure. Technically I see no reason it will not be credited but I have yet to confirm something similar. I’ll ask around with regards to this.

      Thanks for the question!

  • Victor Anastacio

    Hi Jay, I’m taking the CRES under Engr. Enrico Cruz and he’s a great teacher. Wish me luck on the exam!
    Victor Anastacio

    • http://www.foreclosurephilippines.com Jay Castillo

      Good luck Vic, You are in good hands!

  • Tina

    Hi Sir Jay,

    Thank you for this informative blog.
    Quick question:
    1. If I want to become a real estate investor, Is it necessary OR will I give me any edge when closing/finding great deals if I become a licensed real estate broker?

    2. Since I am actually based here in Singapore, what will be the most effective way for me to get around with real estate investing in the Phils? I won’t be able to buy newspapers, or inspect the units should there be a need to.

    My sincere apologies for too many quend want to know more. I’ve worked in several real estate companies in the Phils and I know how real estate investing can lead you to financial freedom.
    Thank God I found your blogsite! More power & Godbless.

    • http://www.foreclosurephilippines.com Jay Castillo

      HI Tina,

      First of all, you’re welcome and thanks for the compliment. Let me try to answer your questions below:

      Being a licensed broker is not necessary if you want to be an investor, but it can certainly give you an edge. Imagine all the properties of other investors that you can sell if you are licensed.

      With regard to being based in Singapore, I believe you will need a partner that can do the legwork for you throughout the process of looking for, buying, and managing your investment properties. Just make sure your partner is trustworthy and competent.

      As for getting listings, all you need to do is to subscribe to http://www.foreclosurephilippines.com. :-)

  • Maves Angeles

    galing i will share this to others sir Jay. God bless you 

    • http://www.foreclosurephilippines.com Jay Castillo

      Thanks Maves! God bless you din!

  • Marlyncatapang

    Hi sir,

    Thank you for the continuous update…

    For those who are asking of a review on REB up here in the north, the National Real Estate Association (NREA) will be conducting a comprehensive review:

    Baguio — starting on December 3 — every saturday and sunday (15 sessions) for 15,000 … 

    San Fernando La Union — starting on November 26 (sat & sun)  – 15sessions for 15k

    For those interested…

    Thank you and God bless!

    • http://www.foreclosurephilippines.com Jay Castillo

      Thanks Marlyn! Since this one started already, I just want to ask if NREA will have another schedule in the future. Please let me know so I can add it in my compilation. Thanks!

  • Significant_other31

    hi there, i heard a rumor from other banks that there is a leakage for eal estate appraiser exam that can be bought in recto, how’s true is that? seems its unfair for us (bank appraiser)’whose devoting our career & time to review our own notes and someone distributing / selling it to someone who is not elligble appraiser..

    • http://www.foreclosurephilippines.com Jay Castillo

      If someone can get a hold of a copy of the leaked appraiser exam, that would be the best way to determine if this was true. And if warranted, this should be investigated by the PRC, anyway Recto Avenue is just nearby the PRC office.

  • Rose Bernabe

    Sir Jay! Good morning!

    Please include PALPP for the CRESAT/CRESAR…that’s Philippine Association for Licensed Real Estate Professionals based in MUntinlupa City.  Here are the details:

    Venue:       Filinvest Marketing Office, near Festival Mall Alabang (walking distance from
                          Save More, which is inside Festival Mall).

    Fee:             P16,500 course fee for Filinvest employees/accredited agents
                          P17,000 course fee for Others

    Schedule:  November 19 (Saturday) 8:00 a.m. – registration and kick-off review
                          November – December 2011 – January 2012 – ALL SATURDAYS, starts 8:00am
                          FEbruary – March 2012 – may be held 2x a week

    For more details, interested persons may get in touch with me via e-mail:
                         (1)  einards4mom@yahoo.com or
                         (2)  belawinke_realty@live.com.ph

    Thank you and more power!

    Rose Bernabe, REB

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Rose,  I just want to ask if PALPP will have another schedule in the future. Please let me know so I can add it in my compilation. Thanks!

  • Jon Manilenio

    Thank you for the quick info, Jay.  You never cease to amaze me with your content that’s always relevant to us in the real estate industry.  Much as I’m happy with this news, I’m also dismayed.  Dismayed at the PRB-RES for the lingering issues that hound the industry.  There are still unlicensed people out there selling real estate.  There are even freelance accredited agents!  There is no way for us to report these irregularities, and there is no enforcement of the RESA Law to protect legitimate practitioners.  So after March 18, 2012, there will be more licensed brokers, more professionals wondering “Why did I even bother?”  Anyway, sorry for the long post, and again thanks for the information.  Keep up the great work!

    • http://www.foreclosurephilippines.com Jay Castillo

      Hi Jon, you’re welcome and thank you for the feedback, much appreciated!

      I understand you when you said you are dismayed, the PRBRES really has a lot of things on their plate that they need to finish. As you said, there needs to be a means to report irregularities, and they need to set this up fast, among other things (like the approval of the application of registration w/o examination of thousands of DTI registered brokers yet to be approved, registration of sales persons, etc)

      Well, just because there remains to be unlicensed people selling real estate, it does not mean we will just give up and abandon the law. I would rather we continue doing what is right, not just in terms of legality, but also in terms of ethics and morals. If there are people who will continue to deal with unlicensed practitioners, then let them do so, and maybe they will realize in the long run that it is better to work with licensed real estate professionals when they encounter problems down the road.

      No, I do not wish they have problems when they work with the unlicensed, I sincerely hope they won’t lose their hard earned money. But I also would not want to say “I told you so…” to them when they do.

      While it is no guarantee that by working with licensed professionals, a real estate transaction will be 100% okay, there is a greater chance than with unlicensed brokers, at least that is what I believe in. I also believe that the only way people will realize the difference is if we, as licensed real estate professionals, will do our part and show them the difference, so that they will not have second thoughts and only work with licensed professionals.

      Thanks again Jon for dropping by. Cheers!