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PRC December 2010 Real Estate Exams Postponed?

Some people are saying that the PRC exams for real estate brokers and appraisers originally slated for December 5 and 6, 2010 have been moved to February 2011…

In Real Estate Brokers Exam Postponed… Again?!, you’ll find a message from the REBAP National President.

From that blog post, the new dates are:

Feb. 5, 2011 – Real Estate Brokers Exam
Feb. 6, 2011 – Real Estate Appraisers Exam

This is to give reviewees enough time to earn the 120 credit units (comprehensive real estate seminar and review).

Prior to the passage of the RESA Law (RA 9646), the DTI required 24 credit units for CRESAR, which translated to 24 hours. The cost then was between P3,500 and P4,500.

If we simply extrapolate 120 credit units to 120 hours, that will mean an estimated CRESAR cost of P17,500 to P22,500.

For those who joined the RESAR Online Review in July 2010, when there were rumors that the real estate brokers exams might be held in December 2010, your 180 days’ access (which ends January 31, 2011) is extended to February 28, 2011.

RESAR Online Review for Real Estate Brokers

14 Responses to “PRC December 2010 Real Estate Exams Postponed?”

  1. on 27 Dec 2010 at 9:26 am jheff

    im agraduate of 2 years course of computer programming and not Bachelors degree . im presently employed at financing company as a real estate appraiser for 10 years.i also attend 120 hours of real estate training from para.Do you think im qualified to take the exam for lisence?

    [From the Admin] Hello! Based on the RESA Law IRR (RA 9646), one of the requirements for those who take the Real Estate Brokers Licensure Exams is that they are a graduate of at least a 4-year college course. Thanks!
  2. on 09 Nov 2010 at 1:37 pm clifford carrera

    hi im clifford from tuguegarao city.. i already finished the comprhensive real estate appraiser seminar and review by MR. Cesar Santos last three years. am i qualified to tke the board exam of real estate appraiser using this certificate issued to me?

    [From the Admin] The real estate seminar Certificate of Completion has a life of one year only. It won’t hurt, though, to get in touch with PRC and request for reconsideration. Thanks!
  3. on 04 Oct 2010 at 10:28 am Babie

    what is the meaning of CRESAR

    [From the Admin] Thank you for asking. It stands for Comprehensive Real Estate Seminar And Review.

  4. on 01 Oct 2010 at 2:29 pm Babie

    Im an Industrial Eng’g professional and working in a Real State Developer here in Ortigas. Im plannin to take the Licensure exam for Broker, and will also take the review at accredited review center. Do you think im qualified?

    [From the Admin] Assuming you’re a Filipino citizen, then yes, we think you’re qualified.

  5. on 19 Sep 2010 at 11:36 pm mike marayag

    good morning! ive been in this business for three years now. though im still in my senior year, (B.S. Mech. Eng’g.) i am planning to take the exam this dec. Am i qualified to take the exam? what are the requirements? thanks!

    [From the Admin] Here are the PRC Real Estate Brokers Exam Requirements.

    Some people are saying that the December 2010 exams have been postponed to February 2011. It looks like you’re not qualified to take the exam, because you wouldn’t have earned your college degree yet by January 2011.

  6. on 14 Sep 2010 at 4:11 pm alex

    how can i earn 120 units to qualify for the real estate appraiser exam?

    [From the Admin] We’re waiting for accredited review service providers to announce their schedules for real estate appraisers’ exam review, where you can earn your 120 credit units. We will post the info online as soon as we get hold of their announcement.

  7. on 07 Sep 2010 at 11:32 am VIDO F. YU

    I am presently employed as Local Appraiser in local Government unit, may inquiry is, those seminar and training sponsored by Bureau of Local Government Finance, i attended can be credited on availing the 120 units requirements in order for me to qualify to take the examination in Real Property Appraiser .

    [From the Admin] It would be better if we hear from the PRC or PRB-RES regarding what qualifies as 120 units.

  8. on 05 Sep 2010 at 9:30 pm Ellen

    I’m a graduate of BS Mechanical Engineering and also a Real estate salesperson. I think I’m qualified pa rin naman since Bachelors degree naman yung course ko , malayo nga lang sa Real Estate career. Ask ko lang what particular review center will you recommend for me.

    [From the Admin] We have heard good things about Cesar Santos (Cesar Santos Real Estate Academy) and Engr. Enrico Cruz (Urban Institute of Real Estate).

  9. on 02 Sep 2010 at 10:54 pm liza

    it is stated in sec 14 of irr, to qualify for the examination if ur a bs graduate, you need 120 credit units of real estate service subjects and trainings, does this review have an equivalent credit unit?

    if none, how to gain that units coz i still lack training hours? please help

    thank you very much

    [From the Admin] Some review service providers are waiting for clarificatory guidelines from the PRC on what they mean by “120 credit units” (i.e., do they mean 120 hours?).

    You need to earn your credit units via regular, face-to-face live CRESARs (Comprehensive Real Estate Seminar and Review) handled by accredited review service providers (e.g., Cesar Santos Real Estate Academy, Urban Institute of Real Estate) if you plan to take the Real Estate Brokers’ Licensure Exams.

    The RESAR Online Review, on the other hand, is a supplementary tool that helps you learn faster and retain your real estate learnings longer. It is not accredited by the PRC.

  10. on 02 Sep 2010 at 9:08 pm liza

    is this review has an equivalent cpe credit units?

    [From the Admin] The review in preparation for the real estate brokers’ exam does not include CPE credit units. CPE units are usually earned by those who have already passed the real estate broker’s licensure examinations.

  11. on 30 Aug 2010 at 10:20 pm Charles

    Review prices even though an estimate are just too much and prohibitive. That is unreasonable. Are we limiting the number of real estate practitioners in this country? Well, are we selling enough and that is why, we only need few brokers? Will there be arrests and prosecutions for those who are not licensed? What is the assurance that those who will be licensed will be protected? They were not that protected even under the old law. What will be done to make the review affordable?

    [From the Admin] We are waiting for clarifications from the PRC on what they mean by 120 units, and also from the accredited review service providers on how they intend to price upcoming comprehensive real estate seminar and review or CRESAR sessions.

    The CRESARs conducted prior to the passage of the RESA Law (RA 9646) covered real estate topics over 24 hours. If the new requirement is 120 hours (assuming 1 credit = 1 hour), these accredited review service providers will probably need to adjust their curriculum and expand it by a factor of 5. Anyway, let’s wait for the updates.Thanks!

  12. on 26 Aug 2010 at 2:53 pm princess

    hi, can i ask how much is the cost for review for real estate broker? pls email me in case their is seminar for broker license? tnx

    [From the Admin] Prior to the passage of the RESA Law (RA 9646), DTI-accredited review service providers would offer Comprehensive Real Estate Seminar and Review or CRESAR sessions, for around P3,500 to P4,500. That was good for 24 units, or 24 hours of lectures.

    With the RESA Law IRR increasing the requirement to 120 hours of real estate training, we are now waiting for accredited review service providers to come out with their announcements regarding the price of their upcoming CRESAR.

    Once we get that info, we will post it online. Thanks!

  13. on 25 Aug 2010 at 7:27 pm Carl Obregon

    17,500 for a review is too much. authorities should thing about it.

    [From the Admin] That’s just a pricing guesstimate. Let’s wait for the clarificatory guidelines from the PRC. Thanks!

  14. on 24 Aug 2010 at 4:28 pm Aldrin

    Is this true!!! the exam dates for Real Estate Brokers Exam? please enlighten me coz I want to take the exam.tnx

    [From the Admin] While some people have been talking about the Feb 2011 exams, we haven’t seen any official announcement yet from the PRC. Thanks!

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