Here are the requirements for the PRC Licensure Exam (real estate brokers). This is based on Section 14 of the RESA Law IRR (RA 9646)…
People who are interested in preparing for the Real Estate Brokers’ Licensure Examinations will need to qualify first, by complying with the following requirements:
SEC. 14. Qualification of Applicants for Examinations. In order to be admitted to the licensure examination for real estate service, a candidate at the time of filing his/her application, shall establish to the satisfaction of the Board that he/she possesses the following qualifications:
(a) A citizen of the Philippines;
(b) A holder of a relevant bachelor’s degree from a state university or college, or other educational institution duly recognized by the CHED: Provided, That he/she has completed at least one hundred twenty (120) credit units of real estate subjects and training from accredited service providers, as may be determined by the Board; Provided, further, That as soon as a course leading to a Bachelor’s degree in Real Estate Service is implemented by the CHED, the Board shall make this course a requirement for taking the licensure examination.
(c) Is of good moral character, and must not have been convicted of any crime involving moral turpitude.
(d) An applicant for the licensure examination for real estate consultants must show proof that he/she has at least ten (10) years experience as a licensed real estate broker, or an assessor, or as a bank, or institutional appraiser or an employed person performing real property valuation, or at least five (5) years experience as a licensed real estate appraiser.
All applications for examination shall be filed with the Board which shall assess and approve said applications and issue to the qualified examinees the corresponding permits or notices of admission to take such examination upon submission of the following documents.
- Original and photocopy of Birth Certificate or Certificate of Live Birth (NSO) and / or valid Philippine passport, or any other proof of citizenship,
- Original and photocopy of transcript of records (TOR) and / or diploma with scanned picture,
- NOTE: This is not included in the original RESA Law, but we heard that an additional requirement is that your TOR should be stamped with “For Board Examination Purpose Only”
- Original and photocopy of notarized certification by employer of his/her years of experience or pre-requisite. Certificate of Registration (COR) and / or Professional Identification Card (PIC) or DTI license (for real estate consultants),
- Original and photocopy of NBI clearance,
- Original and photocopy of duly notarized accredited seminar and / or training certificate,
- Community tax certificate,
- Four (4) colored passport size pictures with white background and complete nametag and other documents in accordance with the requirements of this provision.
TIP: When you avail of the Comprehensive Real Estate Seminar and Review (CRESAR) sessions offered by accredited real estate review service providers, please check with them if they can help you file your application for the PRC exam.
In some cases, they will assist you for a nominal fee. This will help save you TIME.
At the moment, we are waiting for accredited review service providers to announce the pricing, venue location, and when they will hold their upcoming CRESARs. As soon as we get that info, we will post it online.
We are also waiting for clarifications from the PRC regarding the “at least one hundred twenty (120) credit units of real estate subjects and training from accredited service providers”, because it is not clear if they mean 120 hours.
Prior to the passage of the RESA Law, the DTI required 24 credit units, or 24 hours of CRESAR sessions. Before July 2009, those 24 CRESAR hours cost anywhere from P3,500 to P4,500.