how to become real estate broker Archives - Pinoy Business Ideas https://www.pinoybusinessideas.com/tag/how-to-become-real-estate-broker/ Your Pinoy Business Blog talks about Ideas, Guides and Tips Thu, 10 Aug 2017 15:52:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Where to Find Affordable Properties in the Philippines https://www.pinoybusinessideas.com/find-affordable-properties-philippines/ Thu, 10 Aug 2017 15:50:42 +0000 https://www.pinoybusinessideas.com/?p=500 Owning a house can cost you big amount of money. The good thing is that there are affordable and cheap properties for sale that you can find in the Philippines. There are various options where you can find a list of places where you can find cheap houses for sale. Here are some options that […]

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]]> Owning a house can cost you big amount of money. The good thing is that there are affordable and cheap properties for sale that you can find in the Philippines.Where-to-Find-Affordable-Properties-in-the-Philippines

There are various options where you can find a list of places where you can find cheap houses for sale. Here are some options that can help in making your search:

Government Agencies

  • Pag-Ibig Home Development Fund

If you’re looking for affordable and cheap properties, you can turn to government agencies such as PAG-IBIG Home Development Fund. This agency has a list of properties that are scheduled for public auction posted in their website. You can join in the bidding of the properties at a discounted price. However, you should check first the properties before bidding to ensure that it is worth to invest.

Read also: Tips before Buying Real Estate Properties in the Philippines

  • SSS Acquired Assets

The Social Security System is also selling acquired assets. You can visit the official website of the agency and check the list posted on it.

Local Banks in the Philippines

Most of the banks in the Philippines are posting list of acquired and foreclosed properties for sale. Some of the banks where you can find list include the following:

  • BDO
  • BPI
  • PNB
  • Security Bank
  • RCBC
  • Metrobank
  • PSBank
  • Unionbank
  • ChinaBank
  • Maybank Philippines
  • Bank of Commerce
  • Veterans Bank
  • Eastwest Bank
  • DBP
  • Bangko Sentral ng Pilipinas

Real Estate Websites

Searching for affordable properties online is the easiest and most convenient way to own a house. Some real estate websites offer pre-owned properties. You can also find foreclosed properties, house and lots, and condominiums that suit to your budget.

Property/Real Estate Developers

Making inquiries from property developers enables you to find real time information about the properties that you want to obtain. You can either visit their offices, their website or talk personally to their sales agents. Some of the property developers to consider include Ayala Land, Federal Land, Megaworld Corporation, Vista Land, Filinvest Land, SMDC, Century Properties, and Robinsons Land.

Social media

Many sales agents and real estate brokers post their list of properties for sale in their Facebook Pages and Groups. This option allows you to obtain faster response from the sales agents.

Referrals

You can ask referrals from your relatives and friends who have bought properties before.

Read also: Things to Consider to Become a Licensed Real Estate Broker

Whatever option you may choose in looking for affordable properties for sale, you should keep in mind that conducting an independent evaluation of the property is a must.

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]]> Things to Consider to Become a Licensed Real Estate Broker https://www.pinoybusinessideas.com/things-to-consider-to-become-a-licensed-real-estate-broker/ Wed, 09 Aug 2017 10:02:40 +0000 https://www.pinoybusinessideas.com/?p=490 If you possess the skills in sales and marketing, you may have the potential to become a real estate broker. In the past, there’s no specific regulatory board that governs such profession. That’s why anyone who has the skills to do the job can sell properties and the likes. As the real estate market flourishes […]

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]]> If you possess the skills in sales and marketing, you may have the potential to become a real estate broker. In the past, there’s no specific regulatory board that governs such profession. That’s why anyone who has the skills to do the job can sell properties and the likes.Things-to-Consider-to-Become-a-Licensed-Real-Estate-Broker

As the real estate market flourishes and more individuals want to engage in this profitable business, the regulatory board started to set standards to professionalize the practitioners. The Real Estate Services Act or RESA, otherwise known as Republic Act 9646 was initialized to ensure that real estate brokers can implement their jobs ethically and it also makes them taxpaying citizens.

Read also: Tips before Buying Real Estate Properties in the Philippines

The RESA Law was implemented in 2009 that constitutes stricter rules for real estate brokers. This requires those who want to engage in selling real estate to register and pass the licensure exam.

New education mandate

Before an interested individual can take the real estate licensure exam, one must comply the following:

  • Must be a Filipino citizen
  • Must be a graduate of Bachelor of Science in Real Estate Management or BS REM
  • Should have good moral character and never been convicted for any crime

Originally, any bachelor’s degree related to the job was enough for an individual to take the licensure exam for real estate broker. But in 2011, the Commission on Higher Education issued the Memorandum Order No. 28. Cited in the memorandum is the outline of the BS REM degree program including the faculty requirements, course curriculum, and program description. It was also stated that starting 2016 only graduates of the BS REM will be allowed to take the licensure exam.

Read also: Why Buying Pre-Selling Homes is a Good Investment for OFWs

Passing the licensure exam is not the end because the applicant is required to submit documents to the PRC including the following:

  • Photocopy of birth certificate
  • BS REM diploma and transcript of records
  • NBI clearance
  • Community tax certificate
  • 4 pcs. passport sized photos

Thus, the BS REM diploma eliminates the needs to provide training certificates and other experience requirements.

The provisions stated in RESA seem to be disallowing many interested individuals to start a career in the real estate industry. However, the PRBRES submitted a proposal to CHED about the BS REM new curriculum that allows second coursers to take the fast track of the BS REM degree program. Second coursers will be required to take maximum of 40 units of professional subjects.

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