How to Become a Licensed Real Estate Broker in the Philippines

The Philippines is experiencing boom in property development. New buildings constructed to accommodate demand for office spaces, shop stalls, residential dwellings and even parking spaces. All of these signals point to a flourishing career in real estate.

If you’re fed up with your job or simply wish to change lifestyles or acquire new knowledge, becoming a licensed real estate broker is not a bad decision.

What is a Real Estate Broker?
A real estate broker is a person authorized to represent another person in performing functions, specifically offering, advertising, soliciting, promoting, mediating, and negotiating during sales, purchases, exchanges, mortgages or leases of real estate or any interest therein.

Does a Person Need a License Prior to Real Estate Brokerage Practice?
Yes, a license is necessary. This is stipulated in the Philippine constitution.

What are the Requirements to Become Licensed Real Estate Broker?
A person applying for real estate brokerage license must meet the following qualifications:

• You must be at least 21 years old.
• You must not be convicted of any offense.
• You must have completed at least 144 units of college undergraduate studies, or 72 units in college provided that you have been a licensed salesman for a period of 4 years and duly endorsed by a licensed broker.
• You must pass the written exam for real estate brokers.
• You must be able to establish an office with amenities needed to deliver the services expected of a broker.




Do I Need to Take a Licensure Exam Prior to the Grant of License?
Yes. You must pass the exam for real estate brokers administered by the Department of Trade and Industry (DTI). The exam is annually administered every last Sunday of May and November, throughout selected testing centers determined by DTI.

realestate-agent-house-keyWhat are the Requirements For the Written Real Estate Broker’s Exam?
• You must be at least 21 years old.
• You must not be convicted of any offense.
• You must have completed at least 144 units of college undergraduate studies, or 72 units in college provided that you have been a licensed salesman for a period of 4 years and duly endorsed by a licensed broker.
• You must have attended a 24-hour accredited seminar and review (CRESAR) conducted by various local real estate brokers’ organizations.

What is the Coverage of the Real Estate Broker’s Exam?
The following subjects are discussed during the seminar and review:

• Basic Principles of Ecology, Urban and Rural Land Uses, Preparation, Improvement, and Zoning;
• Basics of Property Ownership;
• Concept of Condominium;
• Development of a Subdivision;
• Legal Aspects of Real Estate Leases, Mortgages, and Sales;
• Legal Prerequisites and Requirements for Real Estate Practice;
• Real Estate Brokerage System;
• Real Estate Economics, Financing, and/or Taxation
• Registration and Documentation

How Long is the Real Estate Broker’s Exam?
The exam usually concludes after 4 hours, and usually administered from 8 a.m. to 12n.n.

Where to Submit the Application?
The application is filed at DTI, or through their regional offices. Application forms may also be obtained from these offices with prerequisites to supplement the application forms.

What if the Real Estate Broker also Sells Condominium Projects Real Estate Subdivisions, Is a Separate License Necessary?
The real estate brokerage license is sufficient. However, the real estate broker needs to be registered with the Housing Land Use Regulatory Board if he/she wishes to sell.

What if an Unlicensed Person Engages in Real Estate Sales?
That person will face administrative charges and may be penalized. He/she shall face criminal liability and be charged with fines.