Brokers

Application for Registration of NCR-Based Real Estate Brokers and Salesmen

  • LEGAL BASIS:
    HLURB under PD 957 as amended, is empowered to register real estate brokers and salesmen dealing in condominium, farmlots, memorial parks and subdivision projects.
  • GUIDELINES ON APPLICATION:
  1. All applications shall be filed with Records Section.
  2. Only applications with complete requirements shall be accepted for processing.
  3. Follow up shall only be allowed on the date specified in the Official Receipt issued by the Office.
    • During peak season (November – December), fifteen (15) working days
    • During off-season (January-onwards), one (1) week from filing
  • REQUIREMENTS:
Corporation/Individual Applicant New Renewal
Accomplished Application Form 1 copy 1 copy
ID pictures (2 x 2) white background 2 copies 2 copies
Latest HLURB Certificate of Registration (photocopy) 1 copy
Latest PRC License (Certificate & ID card) ) (photocopy) 1 copy 1 copy
Copy of Surety Bond and O.R. 1 copy 1 copy
Processing fee P720.00 (P200/Year of non-renewal)
Sales Agent New Renewal
Accomplished Application Form 1 copy 1 copy
ID pictures (2 x 2) any color 1 copy 1 copy
Latest HLURB Certificate of Registration (photocopy) 1 copy
Latest PRC License (Certificate & ID card) ) (photocopy) 1 copy 1 copy
Copy of Surety Bond and O.R. 1 copy 1 copy
Processing fee 1 copy 1 copy
Letter of Endorsement from a Licensed broker (employer) 1 copy 1 copy
Latest HLURB and PRC certificates or ID of employer 1 copy 1 copy
Processing fee P288.00 (P200/Year of non-renewal)

 

  • DURATION OF REGISTRATION AND ITS RENEWAL:

Every registration under shall expire on the 31st day of December of each year. Renewal of registration for the succeeding year starts in the first working day of November of each year. All applications filed beyond said period shall be penalized as follows:

Period HLURB
If licensee renews the certification within thirty (30) days after its expiry date (within the year). surcharge of P200.00 in addition to the basic fee
If renewal is made after one or more years surcharge of P200.00 for each year of non-renewal plus the basic fee for the current year only
Other Charges HLURB
Change of Address P50.00
Lost I.D./Certificate 50.00
Certified true copy 50.00
Certification 210.00

 

  • CASH BOND OR SURETY BOND:
    • Applicant broker/salesmen shall submit a bond in the amount of P5,000.00/P1,000.00, respectively, in favor of DTI/HLURB. It may either be of the following:
      • Cash bond
      • Surety bond
      • Bonds of the Republic of the Philippines
      • Certification from a recognized real estate association that it guarantees the faithful and honest discharge by the applicant, as well as salesmen 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 P5,000.00.
Issuance of Certificate of Registration for Real Estate Brokers/Dealer/Salesperson (New Registration)
Responsible Party Activity
Applicant 1. Files application with supporting documents.
Records Officer 2. Receives, evaluates completeness of documents. Prepares Assessment Form.
Applicant 3. Receives Assessment Form and proceed to Accounting Section for Order of Payment.
Accountant/Special Collecting Officer 4. Prepares Order of Payment.
Applicant 5. Receives Order of Payment and proceed to Cashier for payment.
Accountant/Special Collecting Officer 6. Accepts full payment of processing fee and Issues Official receipt
Applicant 7. Receives Official Receipt and Submits Photocopy of OR to Records Section.
Records Officer 8. Receives photocopy of Official Receipt and forward documents to Evaluator.
Evaluator/Processor 9. Evaluates documents, notes down additional requirements, if any..
Evaluator/Processor 10. Prepares Certificate/ ID.
HEAD-Planning, Registration & Licensing 11. Reviews/initials Certificate/ID.
Regional Director 12. Reviews and affix signature on Certificate/ ID.
Records Officer 13. Releases Certificate / ID.
Applicant 14. Receives approved Certificate/ ID.