Confirmed! At the speech of Mr. Eduardo G. Ong, Chairman of the Professional Regulatory Board for Real Estate Service (PRB-RES) at the iRISE event at the SMX Mall of Asia, he said that there will be another real estate brokers’ exam for those who did not graduate with a real estate management degree. Get more details below.
Unlike in his previous speech in the Oathtaking of the May 2014 real estate brokers’ exam passers, he said that the said exam will be open not only to re-takers but also to those who will still be taking the 120-hour Comprehensive Real Estate Seminar (CRES). Please note that I have not yet seen a formal written announcement about this exam.
Fortunately, Jay was able to take a video of E.G. Ong’s speech during the iRise event at the SM MOA SMX last August 7, 2015. Watch the video below:
I made a transcript of the video, but please forgive me if I misheard some bits and pieces. The main message though is quite clear.
Video transcript:
In the recent examination last May 24 in the brokers’ exam, my heart bled. Because I did not want to see fifty percent passing only! I wanted sixty-seven percent (?). But be that as it may, that’s why, out of our good hearts, of the Board, we are giving those who did not make it, another chance.
Out there, I was approached by I think Phil Coquia, “Chairman, are you only giving a chance to those who flunked? I said, “No.”. Those who did not make it 2011, 2012, 2013, 2014, and 2015, will be allowed to take the exam.
But those who still would like to join the very rewarding career of real estate, you are also welcome. So therefore, (clapping) therefore, there’s still going to be one more CRES!
Or for those who are business-minded, three more CRES! But rest assured, please (be) ensure that the quality of your education, the quality of your teachings, of your instruction, should be at par to what the board expects. Ok ba yon? (Yes) Good.
Where can one take the 120-hour review?
For those who want to take the real estate brokers’ exam and have not yet taken the 120-hour review course previously, so far I have seen two service providers with schedules.
1. Urban Institute by Engr. Enrico Cruz
I got this info from Engr. Cruz’s FB page.
Section 1
MAKATI SATURDAY SECTION
24 sessions of 5 Hours each
September 12 to January 30
Asian Institute of Management (AIM) Conference Center
Legaspi Village, Makati City
Section 2
MAKATI SUNDAY SECTION
24 sessions of 5 Hours each
September 13 to January 31
Asian Institute of Management (AIM) Conference Center
Legaspi Village, Makati City
Section 3
QUEZON CITY PM SECTION
Wednesdays and Fridays 2:00 to 7:30 PMSeptember 13 to January 31
September 18 to January 29.
Conference Room 5 & 6
Walter Hogan Conference Center,
Institute of Social Order,
Ateneo de Manila University, Katipunan Ave., QC
Section 4
MAKATI TUESDAY-THURSDAY AM SECTION
24 sessions, 8:00 AM to 1:30 PM,
September 15, 22, 24, 29, October 6, 8, 13, 20, 22, 27,
November 3, 5, 10, 17, 19, 24, December 1, 3, 8,
January 5, 17, 12, 19, 26.
All these dates are very tentative and may be changed depending on room availability.
Asian Institute of Management (AIM) Conference Center
Legaspi Village, Makati City
Section 5
MAKATI MONDAY–WEDNESDAY EVENING SECTION
24 sessions, 5:30 PM to 10:30 PM,
September 14, 16, 21, 23, 28, October 5, 7, 12, 19, 21, 26,
November 4, 9, 16, 18, 23, 30, December 2, 7,
January 6, 11, 18, 20, 25.
All these dates are very tentative and may be changed depending on room availability.
Asian Institute of Management (AIM) Conference Center
Legaspi Village, Makati City
For details, inquiries and reservation, please email: [email protected]
*I heard that the slots are quickly filling up so if you’re interested, better reserve a slot. I don’t know how much the cost is so please just inquire directly with Urban.
2. PREVAIL
I got this info from their FB page.
Seminar Dates: Sept 26-Nov 8 (Sat-Sun; 8am-5pm)
Seminar Venue: Best Western Hotel la Corona Manila, MH del Pilar St. corner Arquiza St. Ermita Manila (near Ermita Church)
Reserve and Avail our Early Bird Promo + Special Installment Scheme (P993/session)
**NO Tuition Fee Increase**
Inclusive of AM+PM Snacks, Lunch, Seminar Kit and Review Materials!
Limited Seats Available.
For more details, please contact:
PREVAIL Inc.
353-7892 | 400-7423
0916-3588168
0908-4146328
0923-9579482
Organized by:
Mr. Romeo Lacsamana Jr.
Prime Real Estate Values And Integrated Learnings Inc.
PRC Accredited Service Provider No. 016
If you know of other service providers, please do let us know in the comments so we can include them in this list.
For those who have already taken the 120-hour CRES and would like to have a short review only, please refer to our previous post.
It’s Mr. Phil Coquia, past president of Pasay-Makati Realty Board where I am a member. Anyway, this is very good for all aspiring brokers. I already told some of my friends. Our Sr. VP also wanted to take the exam. 🙂
Thank you Mr. Arwin for providing the complete details. I have updated the article accordingly on behalf of my wife Cherry.
Thank you!
May I ask when would the next “Real Estate Brokers’ Exam” be?
Hi John,
Based on the earlier speech of Hon. E. G. Ong, it should be sometime in the first quarter of 2016.
Thank you, Coach Jay 🙂
Wish it was extended… I’d love to catch it. I really do… Perhaps, it’ll be just right after I graduate 🙂
Hi John! I didn’t realize it was you… hehe. Anyway, If there’s enough time after you graduate, it’s worth a shot, although I don’t believe you need to be a broker to become successful with investing. 🙂
Atty. Castillo, we are helping spread the word. I passed the recent board exam and I also heard Dr. E.G Ong said this but wasn’t very clear about it. If having more RE brokers help drive Philippine economy, then let us do it! Thank you for the confirmation.