What an Examinee Needs to Know (Qualifications, Requirements, Steps)

So you're taking the PRC Broker's and/or Appraiser's Licensure Examination. 

We believe in the power of positivity so, we'd like to say, CONGRATULATIONS IN ADVANCE!

In the meantime, here are the things that an examinee needs to know first. What are the qualifications, requirements, and application procedure?

 What are the qualifications in taking the exam?

• Filipino citizen
• College graduate of any 4-year bachelor's degree from a state university or college, or other educational institutions duly recognized by CHED
• Has completed 120 hours of seminar/schooling from a PRC-accredited service provider (like CES Academy)
• Is of good moral character and has not been convicted of any crime involving moral turpitude

 What are the requirements in applying for the exam? 

• NSO Birth Certificate
• NSO Marriage Certificate (for married women)
• Valid NBI Clearance
• Transcript of Records with scanned picture and "for Board Exam Purposes/for PRC Exam Purposes" stamp
• Community-tax certificate (cedula) for the year
• Passport-sized and 1x1 colored photos with white background and name tag (must be in complete name)
• 120-hour Comprehensive Real Estate Seminar (CRES) notarized certificate  

Where can I get my 120-hour Comprehensive Real Estate Seminar certificate? Where can I enroll in this program?
For seminar schedule in preparation for the March 16, 2014 Broker's Licensure Exam, click here.

For seminar schedule in preparation for the July 21, 2013 Appraiser's Licensure Exam, click here.
For schedule of seminars in preparation for the March 17, 2013 Broker's Licensure Exam, click here.
For retakers of March 17, 2013 Broker's Licensure Exam, click here. 

I already have current real estate work experience. Can I not have it credited as my first 60 hours, and then just take the remaining 60 hours of seminar?
For real estate licensure examinations beginning year 2013, the Board (PRBRES) has already required all aspiring examinees to complete their 120-hour certification via a full seminar program. Meaning, the 60-60 conversion (seminar + work experience) is no longer applicable or allowed.

What are the steps in applying for the licensure exam?
Click here for a step-by-step guide in applying for the broker's or appraiser's licensure exam at PRC.


What are the subjects included in the Broker's Licensure Examination?
Following the Table of Specifications from the 2011 and 2012 licensure exam, the following are the subjects included in the exam. This is also the basis of our 120-hour comprehensive real estate seminar program.

For Broker's Exam:

• Fundamentals of property ownership
• Code of Ethics
• Legal requirements of real estate service (RA 9646)
• Real estate laws and taxation
• Subdivision development
• Condominium concept and other realty holdings
• Legal aspect of sale, lease and mortgage
• Documentation and registration
• Real estate brokerage practice
• Real estate finance and economics
• Urban and land use
• Basic principles of ecology
• Basic appraisal for real estate brokers  

For Appraiser's Exam:

• Fundamentals of real estate principles and practices;
• Standards and ethics;
• Theories and principles in appraisal;
• Human and physical geography;
• Methodology of appraisal approaches;
• Valuation procedures and research;
• Appraisal of machinery and equipment;
• Practical appraisal mathematics;
• Appraisal report writing;
• Real estate finance and economics;
• Case studies;
• Land management system and real property laws; and
• Any other related subjects as may be determined by the Board. 

When is the deadline of filing/applying for exam permit for the licensure exam?

For the March 16, 2014 Broker's Licensure Exam, deadline is on FEBRUARY 24, 2014.
 

For the July 21, 2013 Appraiser's Licensure Exam, deadline is on JULY 1, 2013.
For the March 17, 2013 Broker's Licensure Exam, deadline is on FEBRUARY 25, 2013.