Real estate is a lucrative industry in the Philippines, but to practice legally, real estate brokers and salespersons must obtain a license from the Professional Regulation Commission (PRC). This guide provides a detailed breakdown of the licensing process, requirements, and expert insights to help you navigate your path to becoming a licensed real estate professional.

Why Get a PRC License?

The Real Estate Service Act (RESA) of 2009 requires real estate brokers, appraisers, consultants, and salespersons to be duly licensed before engaging in transactions. Practicing without a license can result in penalties and legal consequences.

Step-by-Step Guide to PRC Licensing

1. Educational Requirement

To qualify as a real estate broker, you must complete a Bachelor’s Degree in Real Estate Management (BS REM) or hold a related degree with at least 120 hours of real estate training from an accredited institution.

For real estate salespersons, a four-year degree is not required, but they must complete a minimum of 12 credit units in real estate education.

2. Apply for the PRC Real Estate Licensure Exam

Prospective brokers must pass the PRC-administered Real Estate Brokers Licensure Exam. The exam covers:

• Fundamentals of Real Estate
• Real Estate Laws & Regulations
• Real Estate Practice & Brokerage
• Property Appraisal

For exam schedules and application details, visit the Legal Requirements & Compliance section.

3. Submission of PRC Licensing Requirements

After passing the exam, applicants must submit the following to the PRC:

• PRC Exam Result
• Notarized Application Form
• Transcript of Records (TOR) with Special Order
• Two passport-size ID photos
• Payment of the PRC licensing fee

4. Registration & Oath-Taking

After completing the requirements, brokers must register with the PRC, pay the necessary fees, and take the oath to become fully licensed real estate professionals.

5. Accreditation with the DHSUD

Licensed brokers must also register with the Department of Human Settlements and Urban Development (DHSUD) to legally transact property sales and leases.

How About Real Estate Salespersons?

Unlike brokers, real estate salespersons do not take the PRC board exam. Instead, they must work under the supervision of a licensed broker and register with the PRC and DHSUD.

Renewal of PRC Licenses

PRC licenses are valid for three years and require renewal. Brokers must complete a Continuing Professional Development (CPD) program to be eligible for renewal.

Final Thoughts

Obtaining a PRC license as a real estate broker or salesperson is a crucial step in establishing credibility and compliance in the industry. Whether you’re starting out or looking to advance your career, understanding these licensing requirements will help you build a successful practice.

For more resources and professional guidance, explore our Real Estate Guides & Resources.