i understand that a real estate agent is different from a realtor. am i correct or am i mistaken? can somebody please explain the diiference? furthermore, how to become a realtor in philippines?
all realtors are real estate agents or brokers
not all brokers/agents are realtors.
an agent or broker is a licensee who has passed a state test and
applied for same.
a realtor is a member of the National assn of Realtors {i was a member
and it is the biggest waste of $ in existence and deals in restraint
of trade!]
How to apply for a Real Estate Broker License
New Application:
A. Requirements
1. Filled-up application form
2. Four (4) 1 X I
3. Clearance either from NBI, RTC or City or Municipal Clerk of Court where applicant resides or holds office for one year to the date of application
4. Proof of educational attainment – 144 units College education or 72 units provided license salesman for four (4) years
5. Report of rating – REB examination
6. Surety Bond – P 5,000.00 in favor of DTI and HLURB or certification from a recognized real estate association that it guarantees the faithful and honest discharge by the applicant as well as the salesperson working under him of their duties and shall be liable to any and all persons who may suffer loss by reason of such failure up to the amount of five thousand pesos.
7. If corporation, Board Resolution authorizing a Real Estate Broker to act for and in behalf of the corporation, together with the certified true copy of the Securities and Exchange Commission (SEC) Certificate and Articles of Incorporation.
8. If partnership, partnership agreement authorizing a duly licensed real estate broker who will act for or in behalf of the partners in the realty practice or service, together with the certified true copy of the SEC Certificate and Articles of Partnership.
B. Fees
DTI License fee – P 350.00/year
Housing and Land Use Regulatory Board – P 510.00/year
(HLURB) Registration Fee
Renewal Application:
A. Requirements
1. Filled-up application form
2. Two (2) 1 X 1 I.D. picture
3. Renewed surety bond
C. Fees
• P 350.00/year for DTI; if expired and not renewed within 30 days grace period within the year of renewal, pay surcharge of 50% of the basic fee. If renewed after one or more years, pay the basic license fee for all years of non-renewal plus 50% surcharge on the total basic fee.
• Registration fee of P 510.00 for HLURB; if expired and nor renewed within the 30 days grace period, a surcharge of P 200.
http://sam2007realestateagent.blogspot.com/search/label/Real%20Estate%20Brokers%20%28REB%29%20Licensure%20Exams%20Results
February 4th, 2010 at 1:59 pm
all realtors are real estate agents or brokers
not all brokers/agents are realtors.
an agent or broker is a licensee who has passed a state test and
applied for same.
a realtor is a member of the National assn of Realtors {i was a member
and it is the biggest waste of $ in existence and deals in restraint
of trade!]
How to apply for a Real Estate Broker License
New Application:
A. Requirements
1. Filled-up application form
2. Four (4) 1 X I
3. Clearance either from NBI, RTC or City or Municipal Clerk of Court where applicant resides or holds office for one year to the date of application
4. Proof of educational attainment – 144 units College education or 72 units provided license salesman for four (4) years
5. Report of rating – REB examination
6. Surety Bond – P 5,000.00 in favor of DTI and HLURB or certification from a recognized real estate association that it guarantees the faithful and honest discharge by the applicant as well as the salesperson working under him of their duties and shall be liable to any and all persons who may suffer loss by reason of such failure up to the amount of five thousand pesos.
7. If corporation, Board Resolution authorizing a Real Estate Broker to act for and in behalf of the corporation, together with the certified true copy of the Securities and Exchange Commission (SEC) Certificate and Articles of Incorporation.
8. If partnership, partnership agreement authorizing a duly licensed real estate broker who will act for or in behalf of the partners in the realty practice or service, together with the certified true copy of the SEC Certificate and Articles of Partnership.
B. Fees
DTI License fee – P 350.00/year
Housing and Land Use Regulatory Board – P 510.00/year
(HLURB) Registration Fee
Renewal Application:
A. Requirements
1. Filled-up application form
2. Two (2) 1 X 1 I.D. picture
3. Renewed surety bond
C. Fees
• P 350.00/year for DTI; if expired and not renewed within 30 days grace period within the year of renewal, pay surcharge of 50% of the basic fee. If renewed after one or more years, pay the basic license fee for all years of non-renewal plus 50% surcharge on the total basic fee.
• Registration fee of P 510.00 for HLURB; if expired and nor renewed within the 30 days grace period, a surcharge of P 200.
http://sam2007realestateagent.blogspot.com/search/label/Real%20Estate%20Brokers%20%28REB%29%20Licensure%20Exams%20Results
References :
US RE broker