It is not that hard to make money, especially in the booming Real Estate Industry of the Philippines. Out of the estimated 2.4 trillion pesos on the 75 flagship projects of the government, 21 projects amounting to 187.6 billion pesos, are projected to be finished by 2022.
As of the second quarter of 2019, the government has already started implementing projects amounting much as 1.6 trillion pesos under the “Build Build Build” program.
What does this mean for the Philippine economy? A massive influx on government spending on infrastructure projects has caused for a demand of jobs for both the construction and the real estate industry. Along with the development of several different locations both inside and outside of the Philippines’ capital, the development caused by these programs has created a competitive market when it comes to quality of living and pricing.
When the opportunity presents itself, you must grab it. There is no better time to start a career in real estate but now.
Whether your goal may be to send your kids to a good school, invest in new properties and create passive income, or to join the lucrative industry and simply raise your income by not having it capped by working hours, the dream can be fulfilled through real estate practice.
The barrier to entry, as to any profession, is educational attainment. Under Republic Act 9646, all Real Estate Service practitioners must have graduated from the course BS Real Estate Management, as well as pass the licensure examinations.
For those who are already seasoned professionals in different practices but wish to enter the industry, one must simply find themselves a broker to affiliate themselves with and be accredited in both HLURB and PRC as the licensed real estate broker’s salesperson.
What is a Real Estate Salesperson?
According to the definition of terms of Republic Act 9646, a real estate salesperson is “a duly accredited natural person who performs service for, and in behalf of, a real estate broker who is registered and licensed by the Professional Regulatory Board of Real Estate Service for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration”
How much can you make?
Depending on the property you are able to sell and the commission rate agreement, you can make more than double your monthly salary in one sale. For instance, a simple property worth 2,000,000 pesos and an average of about 5% commission should give a gross commission computation of 100,000 pesos (pre tax)
Depending on how hard you work, the quality of your connections, and the level of expertise you have, you can earn commissions in the millions.
What are the Requirements to become an accredited Real Estate Salesperson?
- Original and Photocopy of NSO Birth Certificate or Certificate of Live Birth
- Original and Photocopy of NSO Marriage Certificate or Contract (for married females)
- Original and Notarized Certificate of Educational Attainment on the Completion of at least two (2) years of college
- Original (Valid) NBI Clearance
- Original and Notarized Certification of eight (8) credit units on Real Estate Brokerage
- 1×1 photo on white background, with nametag below showing complete name
- Passport-size photo on white background, with nametag below showing complete name
- Community Tax Certificate (CTC) for the current year
- Duly-accomplished application form (Must have the name and consent of Real Estate Broker)
So what are you waiting for? Join the real estate industry and by having yourself accredited as an accredited salesperson and realize a greater earning potential.