Steps in Becoming a Real Estate Broker in the Philippines

Last updated on November 5th, 2024 at 06:21 pm

The interesting thing about being a real estate broker here in the Philippines is that it could just be part-time work you can undertake, but once you become successful in the industry, it could even let you earn a lot better than your regular job. So how can you become a real estate broker in the Philippines? The answer is very simple – you need to be licensed.

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The governing law for the real estate practice is the RESA  Law or RA 9646

Check out the RESA Law or RA 9646 for a comprehensive understanding of the regulations governing real estate brokers, salespersons, and other professionals in the industry.

• https://www.prc.gov.ph/uploaded/documents/PRB_RES%20Reso2016_066_021216_e.pdf
• https://lawphil.net/statutes/repacts/ra2009/ra_9646_2009.html
• https://legacy.senate.gov.ph/republic_acts/ra%209646.pdf

How to become a licensed real estate broker

To become a licensed real estate broker, you must complete a bachelor’s degree related to real estate, pass a government exam, and register with the appropriate regulatory board.

Applying for the Real Estate Broker Licensure Exam

The requirements include a report of rating for the Real Estate Broker (REB) licensure examination.  This means that you need to take the licensure exam for real estate brokers that is conducted annually in different testing centers in the Philippines, including Manila, Baguio, Cagayan De Oro, Cebu, Davao, and Iloilo, among others, through the Philippine Regulatory Commission.  

Once your application for the exam is approved, you will be given an admission slip, which you need to present during the exam day.  You will also be informed of the details for your licensure examination, including the date of your exam, dress code, things to bring, and other special instructions.  

Requirements for Real Estate Broker’s Licensure Examination

1. PSA of Birth Certificate
2. Bachelor of Science in Real Estate Management 
3. Marriage Contract (for married female applicants)
4. TOR with scanned picture and Remarks “For Board Examination Purposes” 
5. Valid NBI Clearance (First Timers and Repeaters)
6. Payment: P900.00 – complete

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• https://www.nowrealtybrokerage.com/one-garden-residences/
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