How to Apply for a Real Estate Broker License
How to Apply for a Real Estate Broker License
New Application
A. Requirements
•Filled-up application form
•Four 1x1 pictures
•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
•Proof of educational attainment - 144 units College education or 72 units provided
license salesman for four years
•Report of rating - REB examination
•Surety Bond - P5,000 in favor of DTI and Housing and Land Use Regulatory Board (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 P5,000. 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.
•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 - P350/year
Housing and Land Use Regulatory Board (HLURB) registration fee - P 510/year
Renewal Application
A. Requirements
•Filled-up application form
•Two 1x1 ID picture
•Renewed surety bond
B. Fees
•P 350/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 P510 for HLURB; if expired and nor renewed within the 30 days
grace period, a surcharge of P 200
