REAL ESTATE ARTICLES

HOW TO BECOME A REAL ESTATE SALESPERSON IN THE PHILIPPINES

According to Republic Act 9646 or the Real Estate Service Act of the Philippines a real estate salesperson is 'a duly accredited natural person who performs service for, and on 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.'

It is also stated on the Real Estate Service Act that real estate salespersons are not required to take any qualifying examination from the Professional Regulation Commission or PRC. Instead of taking an exam the real estate salesperson should be accredited by the board provided or the PRC. To get an accreditation, the salesperson should meet the qualifications and comply with the set of requirements given by the board.

QUALIFICATIONS

1. Filipino citizen

2. Must have completed at least two (2) years or 72 units of college

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.

REQUIREMENTS FOR ACCREDITATION

1. Original and Photocopy of NSO Certificate of Live Birth / Birth Certificate

2. Original and Photocopy of NSO Marriage Certificate / Contract (For married female)

3. Original and Notarized Certificate of Educational Attainment on the Completion of at least two (2) years of college

4. Original NBI Clearance

5. Original and Notarized Certification of twelve (12) credit units on Real Estate Brokerage seminar with an Accredited Real Estate Brokerage Training Provider. (The Board released a memo on Feb. 18, 2019, declaring that aspiring Real Estate Salesperson should attend a Real Estate Brokerage seminar for 12 hours as an entry requirement to be an Accredited Salesperson)

6. Photocopy of Broker's PRC License with 3 signatures (the supervising Real Estate Broker's PRC ID validity must not be less than 6 months upon salesperson's application or renewal)

7. Photocopy of Community Tax / Cedula

8. Duly accomplished application form

9. Passport size photo on white background, with name tag below showing complete name

10. Government issued ID and/or any valid ID

STEPS IN FILING APPLICATION FOR ACCREDITATION AS REAL ESTATE SALESPERSON

1. Fill-out application form together with the required documents for pre-evaluation to the Application Division, at the PRC Central Office and regional offices processing counters.

2. Go to the Legal Division for notarization.

3. Proceed to the cashier for payment of fee at the Central Office or Cashier's Window at the Regional Offices.

4. Proceed to the Customer Service Center for documentary stamp.

5. Submit duly accomplished application form and requirements to the Application Division.

6. Verify status of application at the PRC website: prc.gov.ph

LIMITATIONS AND RESTRICTIONS OF REAL ESTATE SALESPERSON

According to Republic Act 9646, Real Estate Salesperson shall be under the supervision of a Real Estate Broker. A Real Estate Broker, in the Philippines, owns a brokerage firm and is responsible for the management of ventures and activities that include writing contracts, managing a back-office, supervising financial transactions, hiring, and accepting salespersons or agents to represent buyers and sellers of real estate. Real Estate Brokers are more experienced as they can directly transact with the buyers and sellers and have undergone a licensure exam at PRC.

Being under the supervision of a Real Estate Broker, the Real Estate Salesperson as per RA 9646 have the following limitation and restrictions:

1. Real Estate Salespersons cannot by themselves be signatories to a written agreement involving a real estate transaction unless the real estate broker who has 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 the Board.

3. A real estate broker shall be guilty of violating this Act for employing or utilizing the services of a real estate salesperson when he/she has not secured the required accreditation from the Board 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/her, for any service rendered or work done by such salesperson in any real estate transaction.