A Complete Guide on How to Be a PRC-Accredited Real Estate Salesperson in the Philippines
As per Section 3-g-(5) of the RESA Law IRR, a Real estate salesperson is referred to as: – duly accredited natural person who performs service for, and in behalf of a real estate broker who is registered and licensed by the Professional Regulatory Board of Real Estate Service for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration.
No examination is required by real estate salespersons under RESA, but as a minimum requirement, the applicant must possess the ff:
4 Qualifications for Real Estate Salesperson Applicants
1. Filipino citizen;
2. Must have completed at least two (2) years or 72 units of college education;
3. Must be of good moral character and must not have been convicted with any crime involving moral turpitude; and
4. Must have undergone training and seminars of at least twelve (12) credit units in real estate brokerage.
10 Documents Required For Real Estate Salesperson
1. Original and Photocopy of NSO Certificate of Live Birth / Birth Certificate
2. Original and Photocopy of NSO Marriage Certificate / Contract (For married female only)
3. Original and Notarized Certificate of Educational Attainment on the Completion of at least two (2) years of College
4. Original NBI Clearance (Valid)
5. Original and Notarized Certification of twelve (12) credit units on Real Estate Brokerage seminar.
“In a reiteration of PRC-PRBRES Resolution 13 of 2011, the Board released a memo dated February 18, 2019, stating that attendance to Real Estate Brokerage seminar for 12 hours is an entry requirement to be an Accredited Salesperson while CPD requirement is for the renewal of Accreditation or Professional Identification Card of the Real Estate Professionals.
Also, all interested parties aspiring to be an accredited Real Estate Salesperson must take a 12-unit/ 12-hour Real Estate Brokerage seminar with an Accredited Real Estate Brokerage Training Provider.” – PREVAIL update as of Monday, March 25, 2019.
6. Photocopy of Broker’s PRC License with 3 signatures (- supervising REB’s PRC ID validity must not be less than 6 months upon application of SPs application/ renewal)
7. Photocopy of Community Tax / Cedula
8. Passport size photo on white background, with name tag below showing complete name.
9. Documentary stamp
10. Duly accomplished Application for Accreditation as Real Estate Salesperson form.
6 Steps In Filing Application For Accreditation as a Real Estate Salesperson
1. Fill-out application form together with required documents for pre-evaluation to the Application Division, (4th Floor Annex Building) at the PRC Central Office and regional offices processing counters.
2. Go to the Legal Division (2nd Floor, Main Bldg) for notarization
3. Proceed to the cashier for payment of fee P600.00 (Ground Floor, Main Building) at the Central Office or Cashier’s Window at the Regional Offices.
4. Proceed to the Customer Service Center for the documentary stamp. (Ground Floor, Annex Building) / designated counter at the Regional Offices.
5. Submit the duly accomplished application form and requirements to the Application Division (4th Floor Annex Building) / designated counter at the Regional Offices.
6. Verify the status of the application at the PRC website: prc.gov.ph (news & event).
Mainly, real estate salespersons are under the direct supervision and accountability of a real estate broker. As a sub-agent under the agency of a licensed real estate broker, there are other pertinent points in the RESA Law IRR concerning real estate salespersons that can be found in Section 31.
4 Limits and Restrictions of the Practice of a Real Estate Salesperson:
1. Real estate salespersons cannot by themselves, become signatories to a written agreement involving a real estate transaction unless the real estate broker who had direct supervision and accountability over them is also a signatory thereto.
2. No real estate salesperson, either directly or indirectly, can negotiate, mediate or transact any real estate transaction for and in behalf of a real estate broker without first securing an authorized accreditation as a real estate salesperson for the real estate broker, as prescribed by PRB-RES.
3. A real estate broker shall be guilty of violating the new real estate law for employing or utilizing the services of a real estate salesperson whom he/she has not secured the required accreditation from PRB-RES prior to such employment.
4. No salesperson shall be entitled to receive or demand a fee, commission or compensation of any kind from any person, other than the duly licensed real estate broker who has direct control and supervision over him, for any service or work done by such salesperson in any real estate transaction.
Thinking of posting your listings on Hoppler? Click here. Looking for properties to push? Check out our listings:
- Makati condos for sale / for rent / office space for rent
- BGC condos for sale / for rent / office space for rent
Sources: prc.gov.ph | prevailinc.blogspot.com | megaflowrealestate.com