November 18, 2008

Real Estate Salesman Licensing: TO GET or TO FORGET

 

I often hear stories about real estate deals that went bad, sellers who were charged very high commissions, buyers who were harassed by brokers for a commission, and realty practitioners who were not justly paid for an appropriate commission by the sellers or by their co-brokers.  Now as a realty practitioner how do you protect yourself and your clients from these unhealthy, and often fraudulent, practices? How do you avoid the frustrations of being tricked into a deal which was very promising in the beginning?  How do you gain acknowledgment as a professional in a business that you know you are good at and that is providing you high unlimited income?  The answer is simple—get a real estate salesman license.

The first thing that gets affected when you don’t have a license is your ability to market the properties.  You will be limited to your own means.  You cannot attend exhibits and other developers’ activities that give you the chance to meet prospects because at least a real estate salesman license is required. 

Whatever marketing strategy works best for you, a real estate salesman license will give you a more secure and wider coverage to market your business and thereby gives you a bigger chance of finding potential clients that will respect and acknowledge you as a professional in the business.  Marketing strategies and real estate laws in the Philippines is changing and so should you.  Along with these changes come new rules and regulations set by the authorities which you have to abide by and follow in order to remain successful in this business. 

A real estate licensed salesman, specifically of Land Asia, gets the benefit of being well-informed about his rights and responsibilities in relation to the government, to the public, to the client, to his fellow practitioner, and to his organization, because we are a company that highly supports continuing education of these licensed salesmen.  Securing a license doesn’t end once you get your license card; in fact, it is only the beginning of your education as a professional realty service practitioner. 

Like all other professions, you are bound to a National Code of Ethics for the Realty Service Practice.  A Land Asia real estate licensed salesman doesn’t have an excuse to ignorance of these laws and ethics because we make sure that you are well-educated, updated, and well-informed of new regulations that affect your realty service practice.  We promote highly competitive real estate licensed salesman who knows what he is doing wherever you put him in the globe.

Remember that you are no ordinary person when you are in real estate.  You must be trustworthy—your client’s lifetime investment is in your hands, you must have the skill to negotiate, you must be analytical, you must be patient and persistent. 

As a true-blue Realtor, I encourage my colleagues to get a license to protect them from unfair competition. As a citizen becoming a professional in a field that you love, that you are very good at, a genuine license is also a way of empowering yourself, building high self-esteem, and boosting your self-confidence.  

The qualifications of an applicant for the real estate salesman license are the following:

1.    He is at least 21 years old;

2.    He is honest, truthful and of good moral character;

3.    He has not been convicted of any offense involving moral turpitude. As proof, he shall submit to the Director his clearance either from the Clerk of City or Municipal Court or Regional Trial Court of the locality where he has resided or held office, for at least one year immediately prior to the date of application or from the National Bureau of Investigation.

IN THE CASE OF SALESMAN, HE SHALL SUBMIT A RECOMMENDATION OF THE EMPLOYER BROKER INSTEAD OF THE AFORESAID CLEARANCE.

4.    An applicant for a license as salesman must have satisfactorily completed at least HIGH SCHOOL COURSE OR ITS EQUIVALENT WITHOUT TAKING QUALIFYING EXAMINATION.

Source: Article V, Section 4 of Ministry Order 39

Land Asia with its effort to support its members obtain their real estate salesman license will assist in the processing of the license at no cost at all.  As a Land Asia member all you have to do is to comply the following requirements set by DTI:

1.    Original copy of NBI clearance.

2.    Original copy of Transcript of Records or Diploma.

3.     3 pieces 1×1 picture.

4.     Payment of P2,100.00 license and insurance fee.

Breakdown of payment:

- HLURB fee – P750.00

- DTI fee – P600.00

- Insurance – P750.00

This is your chance to become a professional in your business.  Get it now and forget your worries.