CRESAT


Comprehensive Real Estate Seminar and Training (CRESAT) is a module designed for those who wish to take the broker, appraiser or consultant’s board examination. It is a major prerequisite when applying and registering for an examination permit in the Professional Regulation Commission (PRC).

The IRR of RA 9646 (Real Estate Service Act) requires that an examinee submits a certification of 120 hours- worth of real estate education through lectures, seminars, workshops and trainings, from PRC-accredited real estate education service providers.

PRC-PRBRES is considerate of those who have actual experience and training in the real estate selling already, so they have stated in the IRR that "the 120 hours seminar and trainings are satisfied, for purposes of compliance of the respective applications, as follows:

a) 60 hours lecture, classroom, and/or seminar hours on real estate subjects, and/or modules under a comprehensive real estate seminar and review (CRESAR) , credit units/hours earned in any accredited seminar, convention, lecture of an accredited service provider;

b) 60 hours of on-the-job training, apprenticeship, and/or workshop as certified by i) a registered and licensed real estate broker; ii) a duly licensed and registered real estate developer; iii) accredited service providers for workshops."

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a.    60-hour CRES Course Outline for the Broker’s Licensure Exam
·         Legal requirements for real estate service
·         RA 9646
·         Opportunities in Real Estate
·         Fundamentals of property ownership and Real Estate
·         Real Estate Brokerage Practice
·         Subdivision Development and Related Laws
·         Joint Venture Concept in Real Estate
·         Condominium Concept
·         Local Taxation (based on Local Government Code of 1991)
·         National Taxation (BIR)
·         Documentation and Registration
·         Basic Appraisal for Real Estate Brokers
·         Real Estate Economics
·         Legal Aspect of Sale, Lease and Mortgage
·         Real Estate-related Laws and References
·         Real Estate Financing
·         Urban and Land Use
·         Basic Principle of Ecology
·         DTI National Code of Ethics
·         Recapitulation and Mock Examination

b.    120-hour CRES Course Outline for the Broker’s Licensure Exam
·         Legal requirements for real estate service
·         RA 9646
·         Opportunities in Real Estate
·         Fundamentals of property ownership and Real Estate
·         Real Estate Brokerage Practice
·         Subdivision Development and Related Laws
·         Joint Venture Concept in Real Estate
·         Condominium Concept
·         Local Taxation (based on Local Government Code of 1991)
·         National Taxation (BIR)
·         Documentation and Registration
·         Basic Appraisal for Real Estate Brokers
·         Real Estate Economics
·         Legal Aspect of Sale, Lease and Mortgage
·         Real Estate-related Laws and References
·         Real Estate Financing
·         Urban and Land Use
·         Basic Principle of Ecology
·         DTI National Code of Ethics
·         Workshops: Documentation and Registration, Putting Up A Real Estate Business, Real Estate Marketing and Brokerage, Due Diligence, Appraisal Process
·         Case Studies and Problem Solving in Appraisal
·         Recapitulation; Review of past broker’s examinations
·         Mock Examination

c.    120-hour CRES Course Outline for the Appraiser’s Licensure Exam
·         Fundamentals of Real Estate Principles and Practices
·         Standards and Ethics (Philippine Valuation Standards, International Valuation Standards, Code of Ethics)
·         Theories and Principles in Appraisal
·         Human and Physical Geography
·         Real Estate Finance and Economics
·         Land Management System and Real Property Laws (PD 957, BP 220, Family Code, RA 7160, RESA 9646, RA 7929, Agri-Law, CARPPER, RA 4726, RA 9856)
·         Methodology of Appraisal Approaches
·         Valuation Procedures and Research   
·         Practical Appraisal Mathematics; Statistics
·         Appraisal Report Writing
·         Appraisal of Machinery and Equipment
·         Specialized Valuation
·         Government Assessment Principles; Local and National Taxation
·         Geographical Information System: map reading, lot plotting
·         Case Studies and Current Events