BE A WISE REAL ESTATE INVESTOR
Home » Real Estate News » PRC Releases Revised Guidelines For Continuing Professional Development (Resolution No. 2013-774)

PRC Releases Revised Guidelines For Continuing Professional Development (Resolution No. 2013-774)

The Professional Regulation Commission (PRC) has released Resolution No. 2013-774, Series of 2013, which contains the Revised Guidelines on the Continuing Professional Development (CPD) Program for all Registered and Licensed Professionals (includes Real Estate Service and Real Estate Sales Persons).

With 21 pages, it could take a long time to read the revised guidelines, but we came up with a summary of its salient features, along with the full text which can be found below.

PRC logo
PRC logo

Salient features

One of the most important part of the revised guidelines is that the number of units required to renew a professional license is now 45 units, instead of 60 units. If a person is taking units only for the sake of compliance, then the reduction in units is a welcome development considering the savings in seminar fees.

Another welcome development is the addition of other ways to earn credit units aside from attending live seminars. For example, one can get units from self-directed learning activities. “Self-directed learning” is defined as “learning activities such as on-line trainings, local/international seminars/non-degree courses, institution/company-sponsored training programs, and the like which did not undergo CPD accreditation but may be applied for and awarded CPD units by the respective CPD Councils.”

Seeing that the internet is really here to stay, I think it’s good that we are allowed to learn from various resources all over the internet world. Personally, though, I still prefer face-to-face interaction.

Post-graduate academic studies and the authorship of books may likewise be awarded CPD units.

Real Estate Salespersons

With regard to real estate salespersons, the number of units for renewal is now  30 units. I was actually confused if the original 12 units required to apply for accreditation as a real estate salesperson has been increased to 30 units, but it appears that for initial application, 12 units are required and for renewal, 30 units.

Full text of PRC Resolution No. 2013-774, Series of 2013

To read the full text of No. 2013-774, Series of 2013, just click on the image below (opens in new window).

Resolution No. 2013-774, Series of 2013, which contains the Revised Guidelines on the Continuing Professional Development (CPD) Program for all Registered and Licensed Professionals (PDF)
Resolution No. 2013-774, Series of 2013, which contains the Revised Guidelines on the Continuing Professional Development (CPD) Program for all Registered and Licensed Professionals (Click to view/download PDF file)

Alternately, you can also download the full text through this link.

Source: PRC Website

What do you think?

I believe this resolution goes back to the essence of continuing professional development programs, and that is to improve the quality of our professionals. Ideally, this need not be imposed and the professionals should have the initiative to pursue continuous learning. However, I understand that a little push to ensure compliance is helpful.

This resolution is also welcome in that the financial burden of paying for seminars is lessened, and there are other ways to get the required credit units without paying anything.

Having said that, for those who need units for renewal and who prefer to have face-to-face interaction with a teacher and classmates, REBAP-LMP still has one last seminar on October 19, 2013. Topics and details may be found here.

What do you think about this development? Let me know in the comments.

Photo of author
About Atty. Cherry Vi Saldua Castillo
Atty. Cherry Vi Saldua Castillo is a Lawyer (Roll of Attorneys No. 55239), CPA (PRC CPA License No. 0102054), Real Estate Broker (PRC REB License No. 3187), and Real Estate Appraiser (PRC REA License No. 6918). She was also the 2013 Internal Education Head of REBAP-LMP and 2015 REBAP National Legal Counsel. She's the 2021-2022 chapter president of REBAP-LMP.
FREE CHECKLIST: IDENTIFY AND AVOID PROBLEMATIC FORECLOSED PROPERTIES BY DOING PROPER DUE DILIGENCE!
Avoid losing money, wasted time and effort caused by buying foreclosed properties that have too many problems, with our free 60-item Property Due Diligence Checklist. Grab your free copy now.
Share

Did you miss buying a foreclosed property because it was too late when you saw the listing/ auction schedule?

Here's the solution...

DON'T BE THE LAST TO KNOW!

GET UPDATES FOR FORECLOSED PROPERTIES VIA EMAIL

Join over 100,000 smart real estate investors who receive

updated foreclosed property listings, auction schedules,

and real estate investing tips via email, it's free!

No thanks / Already subscribed
x
We take privacy seriously and we'll never spam you.
Please refer to our Privacy Policy

X
I'm looking for foreclosed properties in...


Looking for an article?
Click here to search the blog
Share