Mak­ing un­li­censed real es­tate agents le­git

PAREB’S INI­TIA­TIVES

Cebu Daily News - - PROPERTY - By Vic­tor An­thony V. Silva RE­PORTER

The Philip­pine As­so­ci­a­tion of Real Es­tate Boards (Pareb) is un­der­tak­ing ini­tia­tives to le­git­imize the prac­tice of un­li­censed real es­tate agents in the coun­try.

Sa­muel Lao, Pareb na­tional di­rec­tor and vice pres­i­dent for the Visayas, called on un­li­censed agents to come to reg­is­tered bro­ker or­ga­ni­za­tions to be ac­cred­ited.

To be­come a li­censed real es­tate agent or sales­per­son, one must have com­pleted 72 units or at least two years in col­lege.

Train­ing mod­ule

Lao said Pareb has tapped the Tech­ni­cal Ed­u­ca­tion and Skills De­vel­op­ment Au­thor­ity (Tesda) to come up with a train­ing mod­ule for those who do not meet this re­quire­ment, which they ex­pect to launch in the early part of 2018.

“They will no longer have a rea­son not to be li­censed. We’re just ask­ing them to par­tic­i­pate,” he said at a re­cent press con­fer­ence in Cebu City.

Pub­lic warned

Pareb and other real es­tate or­ga­ni­za­tions have warned the pub­lic against deal­ing with un­li­censed real es­tate prac­ti­tion­ers, say­ing that half of the trans­ac­tions all over the coun­try are still con­trolled by this sec­tor.

The group ear­lier en­cour­aged the pub­lic to only deal with le­git­i­mate and li­censed real es­tate prac­ti­tion­ers since they will find it hard to go af­ter un­li­censed ones if trans­ac­tions even­tu­ally turn out bad.

“If you want to buy prop­erty, check first if they are li­censed. If not, then do not deal,” said Lao.

Pro­fes­sion­als who want to go be­yond the agent level, mean­while, can pur­sue fur­ther ed­u­ca­tion to be­come a bro­ker as a sec­ond course.

Real es­tate bro­ker

A real es­tate bro­ker is a per­son who has taken ed­u­ca­tion be­yond the agent level as re­quired by state laws and has passed a bro­ker’s li­cense exam. Bro­kers can work alone or they can hire agents to work for them.

Lao said they are cur­rently in talks with the Pro­fes­sional Reg­u­la­tory Com­mis­sion (PRC) to al­low col­lege grad­u­ates to take up a Bach­e­lor of Science in Real Es­tate Man­age­ment (BSREM) de­gree within one to two years in­stead of the usual four years.

He said they tar­get to im­ple­ment this plan by next year as well.

In Cebu City, only the Univer­sity of San Car­los and Univer­sity of Cebu of­fer a BSREM pro­gram.

The Univer­sity of San Jose-Reco­le­tos (USJ-R), mean­while, of­fers a Masters pro­gram in real es­tate man­age­ment.

“We’re not af­ter un­li­censed agents just to pros­e­cute them. We want to ed­u­cate them,” Lao said.

Pareb cov­ers 68 boards all over the coun­try, trans­lat­ing to at least 5,000 mem­bers na­tion­wide.

Pareb-Cebu Real Es­tate Board (Cereb), ac­cord­ing to its web­site, has over 400 mem­bers.

LAO

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