Step 3 Practice
Every real estate broker must first register with Professional Regulatory Board of Real Estate Service and Housing and Land Use Regulatory Board (HLURB). In addition, he must pay a corresponding professional tax in his place of business. Please click the links below for details of registration.Registration Link for HLURB - Link
Registration Link for PRC - Link
A single act or transaction embraced within the provisions of Section 3(g) or RESA Law hereof, as performed by real estate service practitioners, shall constitute an act of engaging in the practice of real estate service.
Issuance of Special/Temporary Permit. - Upon application and payment of the required fees and. subject to the approval of the Commission, the Board may issue special/temporary permit to real estate service practitioners from foreign countries whose services are urgently needed in the absence or unavailability of local real estate service practitioners for the purpose of promoting or enhancing the practice of the profession in the Philippines.
Real estate service practitioners shall be required to indicate the certificate of registration, professional identification card, PTR number, and APO receipt number, and the date of issuance and the duration of validity on the documents he/she signs, uses or issues in connection with the practice of his/her profession.
Corporate Practice of the Real Estate Service.
(a) No partnership or corporation shall engage in the business of real estate service unless it is duly registered with the Securities and Exchange Commission (SEC), and the persons authorized to act for the partnership or corporation are all duly registered and licensed real estate brokers, appraisers or consultants, as the case may be. The partnership or corporation shall regularly submit a list of its real estate service practitioners to the Commission and to the SEC as part of its annual reportorial requirements. There shall at least be one (1) licensed real estate broker for every twenty (20) accredited salespersons.
(b) Divisions or departments of partnerships and corporations engaged in marketing or selling any real estate development project in the regular course of business must be headed by full-time registered and licensed real estate brokers.
Register at the National Association of Realtors. The National Association of Realtors has a huge database of educational tools to offer real estate professionals for advancement in the real estate industry, including educational programs and certifications and free marketing tools. Some educational certification programs include Certified Commercial Investment Member/CCIM, Certified Real Estate Brokerage Manager/CRB, Certified International Property Specialist/CIPS, and much more. These programs assist you in increasing your skills, proficiency and knowledge.
Step 4 Renewal of License
Licensed Real Estate Service Practitioners shall renew their license once every three (3) years to legally continue practice the profession.
RENEWAL AT PRC CENTRAL AND REGIONAL OFFICES
1. Prepare the following requirements:
Passport-sized photos with nametag on white background
Original and photocopy of any government ID
Original and photocopy of PRC license
Surety bond (premium worth P20, 000.00 valid for 3 years: PRC and HLURB for broker; PRC for appraiser; no surety bond for consultants, assessors and salespersons)
Notarized Continuing Professional Education (CPE) certificate of 60 units from a PRC-accredited CPD provider.
2. Get a renewal stub form from the Standards and Inspection Division of PRC. Fill up the required fields and attach your photo.
3. Go to the Application Division and submit your documents/requirements. Once approved, pay P480 renewal fee to the cashier.
4. Claim your new ID on the scheduled date by presenting your claim stub and official receipt.
RENEWAL AT SM MALLS
Because of some internal concerns, PRBRES has advised the satellite renewal centers in all SM Malls to NOT ACCEPT any renewal for real estate professions: broker, appraiser, consultant, assessor and salesperson. Register at the Housing Land Use Regulatory Board to sell low-cost housing properties and condominium projects. To register, you need to download the application form from their website (see Resources). You will need a copy of the application form, 1 x 1 ID pictures, an updated Real Estate Broker Certificate, Surety Bond Proof of Education Attainment or the latest National Bureau of Investigation or Regional Trial Court clearance Cash Bond and the processing fee (see Resources).
Good Luck!!!
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