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A proposal to create a four-year formal course for real estate brokers by 2011 is being proposed at the Commission on Higher Education (CHED).
The proposal was in line with the thrust to professionalize the profession, said Daisy J. Kokseng, former president of Cebu Realtors Board, Inc. (Cereb).
? And we are actually way behind schedule already,? said Kokseng, who was national president of the Philippine Association of Realtors Boards Inc. in 2008.
The move to introduce a curriculum was made by the First Professional Regulatory Board of Real Estate Service (PRBRES), a year after Republic Act 9646 otherwise known as Real Estate Service Act (RESA) was signed into law on June 29, 2009.
During the opening of the 2nd Cebu Real Estate Expo at SM City Cebu yesterday, Kokseng said the Philippine Regulatory Commission gave them six months after the law was passed to work out the Implementing Rules and Regulation (IRR).
But she added that they were still finalizing the IRR.
?The IRR will help us in creating the course of course with CHED,? Kokseng said.
Cereb president Emily Amie L. Cabillada said they were looking at naming the course as Bachelor of Science in Real Estate Management.
?The target is to offer the course by year 2011 so that by 2016 we will already have our first graduates who will then be the only people allowed to take the licensure exam to become licensed brokers,? Cabillada said.
She said that as of now, aspiring real estate brokers were required to finish a four-year formal course and accomplish 120 credit hours of seminar from accredited providers or what they call as Continuing Professional Education (CPE )efore they could take the exam.
?Because our aim is really to professionalize the practice, we feel that a formal course will help us achieve that under the RESA,? Cabillada said.
Kokseng said it took them 14 years before Resa was finally signed into law by former President Gloria Macapagal-Arroyo.
?We believe that the law can help improve and promote more growth in the already booming real estate industry because it will ensure the best practices among the brokers including applying best service to our customers,? Cabillada said.
Being the first to respond to the new law, the University of the Philippines Open University (UPOU) tapped by the Land Administration and Management Program Phase 2, launched the Continuing Professional Education Program on Land Valuation (CPEPLV) last May which is designed to develop into a full academic program on land valuation and management.
In an article posted at the UPOU website dated Aug. 24, they informed that the CPEPLV is the first of its kind in the country with four short term courses offered under the program which includes, Introduction to Land Valuation, Development Controls and Construction, Land Laws and Planning for Development, and Statutory Valuation.
To enroll in the course one must have finished a bachelors degree and as of the publication date, there are around a hundred participants already enrolled in Introduction to Land Valuation and Development Controls and Construction.
