REAL ESTATE BROKERS LICENSURE EXAMINATION COVERAGE

GENERAL/FUNDAMENTALS

1. Fundamentals of Property Ownership

a) 1987 Philippine Constitution
 Doctrines on Land Ownership
b) Civil Code of the Philippines (R.A. 386)
 Doctrines on Land Ownership
 Limitations on the Right to Ownership
 Property; Obligations and Contracts; Prescription; Real Estate Forms

2. National Code of Ethics and Responsibilities for Real Estate Service Practice

3. Legal Requirements for Real Estate Service Act

a) Real Estate Service Act of the Philippines / RESA (R.A. 9646) & IRR

4. Real Estate Laws

a) Agriculture Laws
b) Comprehensive Agrarian Reform Law of 1988 (R.A. 6657)
 Land Classification, Reclassification & Conversion
c) Comprehensive Agrarian Reform Program Extension with Reforms / CARPER
(R.A. 9700)
d) Local Government Code of 1991 (R.A. 7160)
 Town Planning & Zoning; Assessment Principles
e) Water Code of the Philippines (P.D. 1067)

5. Taxation on Real Estate Transactions

a) Tax Reform Act of 1997 (R.A. 8424)
b) Capital Gains Tax / CGT
c) Creditable Withholding Tax / CWT
d) Value-Added Tax / VAT
e) Documentary Stamps Tax / DST
f) Transfer Tax
g) Real Property Tax / RPT
h) Donor’s Tax
i) Estate Tax
j) BIR Zonal Values

SPECIAL AND TECHNICAL KNOWLEDGE

1. Subdivision Development
a) Subdivision & Condominium Buyers’ Protective Decree (P.D. 957) & IRR
b) Economic & Socialized Housing (B.P. 220) & IRR
 c) Urban Development & Housing Act of 1992 (P.D. 7279) & IRR
 HLURB Jurisdiction, Registration, Adjudication, Monitoring & Clearances
d) Magna Carta for Homeowners & Homeowners Associations (R.A. 9904) & IRR
 Intra-Corporate Dispute
e) Family Code of the Philippines (E.O. 209)

2. Condominium Concept and Other Types of Real Estate Holdings

a) Condominium Act (R.A. 4726)
b) Amendment to the Condominium Act (R.A. 7899)
c) Real Estate Investment Trust / REIT (R.A. 9856) Time Sharing, Cooperatives
d) Realty Installment Buyer Protection Act / Maceda Law (R.A. 6552)

3. Legal Aspect of Sales, Mortgage, Lease, and Joint Ventures

a) Civil Code of the Philippines (R.A. 386)

4. Documentation and Registration of Land Transactions at LRA/RD

a) Land Registration Law (Act 496)
 Land Registration Systems: Titles, Patents & Deeds
b) Property Registration Decree (P.D. 1529)
c) Special Procedure for the Reconstitution of Torrens Certificates of Title Lost or
Destroyed (R.A. 26)
d) Land Registration Commission (R.A. 1151)
e) Rules of Court – Civil Procedure (Rule 39 and Provisional Remedies)
f) Requirements for Certificate Authorizing Registration (BIR Revenue
Memorandum Order [RMO] 15-03)

PROFESSIONAL PRACTICE

1. Real Estate Brokerage Practice

2. Real Estate Finance and Economics

3. Urban and Land Use

 Urban Land Reform (P.D. 1517) & IRR

4. Planning, Development, and Zoning

 Comprehensive Land Use Plan / CLUP Guidebook

5. Basic Principles of Ecology

6. Basic Appraisal for Real Estate Brokers

 Philippine Valuation Standards

PRC Licensure Exam Requirements

SEC. 14. Qualification of Applicants for Examinations. In order to be admitted to
the licensure examination for real estate service, a candidate at the time of filing
his/her application, shall establish to the satisfaction of the Board that he/she possesses
the following qualifications:

(a) A citizen of the Philippines;

(b) A holder of a relevant bachelor’s degree from a state university or college, or

other educational institution duly recognized by the CHED: Provided, That he/she has
completed at least one hundred twenty (120) credit units of real estate subjects and
training from accredited service providers, as may be determined by the Board;
Provided, further, That as soon as a course leading to a Bachelor’s degree in Real Estate
Service is implemented by the CHED, the Board shall make this course a requirement for
taking the licensure examination.

(c) Is of good moral character, and must not have been convicted of any crime
involving moral turpitude.

(d) An applicant for the licensure examination for real estate consultants must
show proof that he/she has at least ten (10) years experience as a licensed real estate
broker, or an assessor, or as a bank, or institutional appraiser or an employed person
performing real property valuation, or at least five (5) years experience as a licensed
real estate appraiser.

All applications for examination shall be filed with the Board which shall assess and
approve said applications and issue to the qualified examinees the corresponding permits
or notices of admission to take such examination upon submission of the following
documents.

1. Original and photocopy of Birth Certificate or Certificate of Live Birth

(NSO) and / or valid Philippine passport, or any other proof of citizenship,

2. Original and photocopy of transcript of records (TOR) and / or diploma

with scanned picture,

3. NOTE: This is not included in the original RESA Law, but we heard that an
additional requirement is that your TOR should be stamped with “For Board
Examination Purpose Only”

4. Original and photocopy of notarized certification by employer of his/her

years of experience or pre-requisite. Certificate of Registration (COR) and / or
Professional Identification Card (PIC) or DTI license (for real estate consultants),

5. Original and photocopy of NBI clearance,

6. Original and photocopy of duly notarized accredited seminar and / or

training certificate,

7. Community tax certificate,

8. Four (4) colored passport size pictures with white background and
complete nametag and other documents in accordance with the requirements of this
provision.