60-HOUR CRES: What to Expect

It's barely three weeks before the start of our third batch of Comprehensive Real Estate Seminar (CRES) for the 2012 Broker's Examination, and a lot are asking, WHAT CAN I EXPECT IN THE 10-DAY, 10 HOURS PER DAY SEMINAR?

We've prepared for you a 60-hour Course Outline, based on the Table of Specifications last March 27, 2011 Broker's Licensure Examination. Note that these subjects are, in our opinion, the "most probable subjects" that will come out, and additional topics that the PRC-PRBRES might want to add will definitely be covered during the General Review.

First day:

1. Legal requirements for Real Estate Service
2. Opportunities in Real Estate (as practice, as business)
3. Fundamentals of Property Ownership in Real Estate (Title, Torrens System, LRA, RD, Assessor's Office, Lot plotting, Due Diligence)

Second day:

1. Real Estate Brokerage practice (Marketing process, Legal forms, General Brokerage vs. Project Selling, Computations)
2. Subdivision Development and related laws (PD 957,BP 220, RA 6552, Computations in installment rights and refund, Project costing)
3. Joint Venture concept in Real Estate (Manner of sharing, tax aspect, rights and undertakings, Forms)
4. Condominium Concept (Forms of ownership, Rights of unit owner, Tax, Dissolution, Acquisition of foreign citizen)

Third day:

1. Local Taxation: Local Government Code of 1991 (Fundamentals, Kinds of taxable real estate, Assessor's Office, Treasurer's Office, Assessment levels, Penalties for late payment, Auction of real estate, Computations)
2. National Taxation: BIR (Doc Stamp on sale and mortgage, CGT, CWT, Ordinary asset vs. Capital asset, Installment vs. Deferred sale, Sale of personal residence, BIR market value, BIR zonal value, Percentage tax, VAT, Donor's Tax, Estate Tax - rates, due dates, penalties)
3. Documentation and Registration (purposes, conveyances, processes, BIR, Treasurer's Office, RD, Assessor's Office)

Fourth day:

1. Basic Appraisal for Real Estate Brokers (fundamentals, Real Estate Economics - Principles of Value, Forces that Influence Value)
2. Legal Aspect of Sale, Lease and Mortgage
3. Real Estate- related Laws

Fifth day:

1. Real Estate Financing (forms, terminologies, computations, simple interest, diminishing balance, Mathematics of Investment Formulas, Pag-ibig Fund financing)
2. Urban and Land Use (RA 7279, CARL, CARPER)
3. Basic Principle of Ecology
4. Code of Ethics

Sixth day: 

1. Recapitulation of real estate subjects
2. Mock examination (2 parts)
3. Graduation and issuance of Certificate of Attendance


INTERESTED IN TAKING A FULL 120-HOUR PROGRAM? INQUIRE THROUGH OUR CONTACT DETAILS.