The Ultimate Guide to Becoming a Real Estate Broker or Agent in the Philippines
How to Start Your Real Estate Career in the Philippines
How to Start Your Real Estate Career in the Philippines
The real estate industry in the Philippines is rapidly expanding, creating numerous opportunities for individuals who want to establish a career as a real estate broker or salesperson. Whether you’re starting fresh or transitioning from another career, understanding the steps to becoming a professional in the field is crucial.
This guide will walk you through the requirements, licensing process, career paths, earning potential, and challenges of becoming a real estate professional in the Philippines.
Real Estate Broker vs. Real Estate Salesperson: Key Differences
Feature | Real Estate Salesperson | Real Estate Broker |
---|---|---|
License Required? | No (but must be accredited by PRC) | Yes (PRC-issued license) |
Scope of Work | Works under a licensed broker, assists in sales and marketing | Operates independently, manages agents, and closes transactions |
Commission Earning | Earns a commission split with a broker | Earns full commission & can hire salespersons |
Educational Requirement | At least 2 years of college education (72 units) + 12 credit units in brokerage training | Must hold a Real Estate Management (REM) degree |
How to Become a Licensed Real Estate Broker in the Philippines
Step 1: Obtain a Real Estate Management (REM) Degree
The Professional Regulation Commission (PRC) requires aspiring brokers to hold a Bachelor of Science in Real Estate Management (BS REM) degree from a PRC-accredited school.
Step 2: Take the PRC Real Estate Broker Licensure Exam
Once you have completed your BS REM degree, you must:
- Apply for the Real Estate Broker Licensure Exam via the PRC’s online portal.
- Submit the required documents, including transcript of records and good moral certificate.
- Pass the broker’s licensure exam, which covers real estate law, finance, appraisal, and brokerage practices.
Step 3: Secure Your PRC License
After passing the licensure exam:
- Apply for PRC registration and secure your professional real estate broker’s license.
- Attend the oath-taking ceremony and register as a licensed broker.
How to Become a Real Estate Salesperson in the Philippines
A Real Estate Salesperson is an individual who works under a licensed broker to assist in sales and marketing efforts. To be accredited by the PRC as a salesperson, you must meet the following requirements:
Qualifications for Real Estate Salesperson Accreditation:
- At least two years of college education (minimum of 72 units completed).
- Must be a Filipino citizen.
- Possess good moral character (no convictions of moral turpitude).
- Complete 12 credit units of training in real estate brokerage.
Required Documents for PRC Accreditation:
- NSO Birth Certificate (original and photocopy).
- NBI Clearance (valid for the current year).
- Training Certificate (showing completion of 12 credit units).
- Photographs (recent 1×1 ID photos with white background).
- Community Tax Certificate (CTC).
- Duly accomplished PRC application form.
Where to Take Real Estate Salesperson Courses?
Several institutions offer training programs for aspiring salespersons, including:
- Cesar E. Santos Real Estate Academy (CES Academy)
- Online Education (OEd) – Real Estate Management
- iACADEMY – Real Estate Management
Earning Potential: How Much Do Real Estate Professionals Make?
Position | Earning Potential |
---|---|
Real Estate Salesperson | ₱20,000 – ₱80,000+ per month (commission-based) |
Real Estate Broker | ₱50,000 – ₱500,000+ per month (higher commissions & team management) |
Final Thoughts
The Philippine real estate industry offers exciting opportunities for both real estate brokers and salespersons. Whether you want to start as a salesperson or pursue a full broker’s license, understanding the qualifications, licensing process, and career prospects will help you succeed.
Looking for real estate career opportunities? Contact us and let us know how we can help!