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How to register a real estate brokerage company?

argeltibs · 14 · 11815

argeltibs

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 :help: I want to register a sole proprietor real estate brokerage company, any guides available?
 :thankyou:
« Last Edit: Jun 25, 2011, 10:57 PM by FutureGizmo »


turf

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Reply #1 on: Jul 06, 2011, 02:33 AM
i'd like to know too. hope  will actually help us.


sirChris88

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Reply #2 on: Aug 15, 2011, 04:10 PM
very Simple ! register your real estate com. to SEC, BIR, DTI, local goverment and ofcourse you must have a real estate brokers license from PRC itself only..
« Last Edit: Aug 15, 2011, 04:20 PM by FutureGizmo »


battleplan

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Reply #3 on: Aug 30, 2011, 11:51 PM
Hi sir, I want to be your real estate agent if you don't mind.


naldcagape

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Reply #4 on: Sep 01, 2011, 11:43 AM
Hi Argel, hope you post your steps since you already finished your registration.

Anyway, one benefit I just discovered of getting brokers under the PRC is you don't need a sole proprietorship anymore. Yup, just register with the BIR as a professional and you can already get official  receipts under your name.

The sole proprietorship was a requirement during the DTI days. You can still register a sole proprietorship but I don't know the benefits of doing that. If you just register with the BIR as a professional, you don't need to get the local gov't permits.


sneaker23

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Reply #5 on: Sep 20, 2011, 10:25 PM
Hi Argel, hope you post your steps since you already finished your registration.

Anyway, one benefit I just discovered of getting brokers under the PRC is you don't need a sole proprietorship anymore. Yup, just register with the BIR as a professional and you can already get official  receipts under your name.

The sole proprietorship was a requirement during the DTI days. You can still register a sole proprietorship but I don't know the benefits of doing that. If you just register with the BIR as a professional, you don't need to get the local gov't permits.

Thanks for sharing.

Im looking forward on business registration, good thing you pointed it out that there's no need for local gov't permits. May I know how did you learn about this or any govt rulings for professionals?

For me kasi kawawa lang ang mga sole proprietor brokers who registers with local govt where ndi nawawala ang red tape.

Also, isn't it stated in RESA that we need an office?


naldcagape

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Reply #6 on: Sep 23, 2011, 10:15 PM
Thanks for sharing.

Im looking forward on business registration, good thing you pointed it out that there's no need for local gov't permits. May I know how did you learn about this or any govt rulings for professionals?

For me kasi kawawa lang ang mga sole proprietor brokers who registers with local govt where ndi nawawala ang red tape.

Also, isn't it stated in RESA that we need an office?
I found out from a friend who applied for BIR registration. He just showed his PRC credentials. He was no longer asked for local gov't permits. Since all he needed were the receipts, he no longer applied for local gov't permits.

I had to do a double take on the resa law regarding the office. Yes it says you have to have a principal place of business. You have to display your PRC registration. You should be able to use your home address.

SEC. 33. Display of License in the Place of Business. -Every registered and licensed real estate service practitioner shall establish and maintain a principal place of business and such other branch offices as may be necessary, and shall conspicuously display therein the original and/or certified true copies of his/her certificate of registration as well as the certificates of registration of all the real estate service practitioners employed in such office.


sneaker23

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Reply #7 on: Oct 03, 2011, 11:52 PM
I found out from a friend who applied for BIR registration. He just showed his PRC credentials. He was no longer asked for local gov't permits. Since all he needed were the receipts, he no longer applied for local gov't permits.

I had to do a double take on the resa law regarding the office. Yes it says you have to have a principal place of business. You have to display your PRC registration. You should be able to use your home address.

SEC. 33. Display of License in the Place of Business. -Every registered and licensed real estate service practitioner shall establish and maintain a principal place of business and such other branch offices as may be necessary, and shall conspicuously display therein the original and/or certified true copies of his/her certificate of registration as well as the certificates of registration of all the real estate service practitioners employed in such office.

Thanks a lot. Buti na lang ndi pa ako kumuha agad before, sakit sa ulo ang red tape, fire extinguisher requirements, locational clearance, etc.



moremoney01

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Reply #8 on: Nov 11, 2011, 01:38 AM
I found out from a friend who applied for BIR registration. He just showed his PRC credentials. He was no longer asked for local gov't permits. Since all he needed were the receipts, he no longer applied for local gov't permits.
naldcagape,
Sir, I am interested to become real estate broker, ano yon gsinabi  mong PRC credentials yon yong pag pass ng PRC real estate exam? Please tell me. Ano po ba an gprocedure kung gusto kon gmag take ng exam. Salamat po!

I had to do a double take on the resa law regarding the office. Yes it says you have to have a principal place of business. You have to display your PRC registration. You should be able to use your home address.

SEC. 33. Display of License in the Place of Business. -Every registered and licensed real estate service practitioner shall establish and maintain a principal place of business and such other branch offices as may be necessary, and shall conspicuously display therein the original and/or certified true copies of his/her certificate of registration as well as the certificates of registration of all the real estate service practitioners employed in such office.

Post Merge: Nov 11, 2011, 01:40 AM
I found out from a friend who applied for BIR registration. He just showed his PRC credentials. He was no longer asked for local gov't permits. Since all he needed were the receipts, he no longer applied for local gov't permits.

I had to do a double take on the resa law regarding the office. Yes it says you have to have a principal place of business. You have to display your PRC registration. You should be able to use your home address.

SEC. 33. Display of License in the Place of Business. -Every registered and licensed real estate service practitioner shall establish and maintain a principal place of business and such other branch offices as may be necessary, and shall conspicuously display therein the original and/or certified true copies of his/her certificate of registration as well as the certificates of registration of all the real estate service practitioners employed in such office.

Sir, I am interested to become real estate broker, ano yon gsinabi  mong PRC credentials yon yong pag pass ng PRC real estate exam? Please tell me. Ano po ba an gprocedure kung gusto kon gmag take ng exam. Salamat po!
moremoney01
« Last Edit: Nov 11, 2011, 01:40 AM by moremoney01 »


naldcagape

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Reply #9 on: Jan 14, 2012, 11:40 PM
If you want to become a licensed broker, take a CRESR (CRESAR) seminar. This is the required seminar for all aspiring brokers before taking the exam. This seminar is usually conducted by local broker boards such as PAREB and REBAP. You can also search for Urban Institute of Real Estate and Cesar Santos Real Estate Academy.


felixshelsher

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Reply #10 on: May 15, 2012, 10:37 PM
If you want to do real estate transaction than it needs to have licence of real estate agent and after that we can make brokerage on property.


n1els

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Reply #11 on: Aug 31, 2012, 06:45 PM
I'm not Filipino, so i'm not very familiar with tax laws and other requirements but I was wondering if the following would be possible (and legal, no tax evasion etc.):

Person A invests a sum of money into a company set up by person B.
This money is used by the company of person B to buy an apartment property.
Because persons A & B have a notarized agreement that B must pay back the investment (which is of the same value as the apartment) and that the apartment serves as a collateral there is no real financial risk for person A.

The company will then rent out the apartment to a renter/lessee (it doesn't hold office there). From the rent money VAT is paid to BIR, the rest of the money is used to pay of the investor (person A).

Would this construction make the purchase of the apartment exempt from VAT?

As far as I know, VAT is only charged to end-customers which the company would not be. And because VAT is paid on the collected rent, there is not evasion of tax.

At the same time it becomes cheaper to acquire the property because there would be not VAT paid at that time. (which is 10% of the total value I believe).

Could any of you comment on this plan? Would there be any specific requirements for the company? Does the company have to be a licensed real estate company, or maybe just the person operating it?


Ayala_bacolod_specialist

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Reply #12 on: Oct 03, 2012, 01:21 AM
:help: I want to register a sole proprietor real estate brokerage company, any guides available?
 :thankyou:

First You Should be a license Real Estate Broker. if not review, seminar and pass the Real Estate Brokers Exam but remember you should have at lease 2 sems in college to be qualified.

Second: Secure a DTI business permit since its a single proprietor.
You have to secure your TAX Identification Number and Printed Receipt.

Third: Secure a City Business Permit. Where, at what place would you want to practice your Business.


sheridan

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Reply #13 on: Oct 13, 2012, 03:27 AM

Anyway, one benefit I just discovered of getting brokers under the PRC is you don't need a sole proprietorship anymore. Yup, just register with the BIR as a professional and you can already get official  receipts under your name.

The sole proprietorship was a requirement during the DTI days. You can still register a sole proprietorship but I don't know the benefits of doing that. If you just register with the BIR as a professional, you don't need to get the local gov't permits.

So i can make use of my EXISTING TIN # and simply register as an individual real estate broker?  Aside from my PRC id, is there anything else that I should submit during the registration?  How long does it take for me to get the BIR cert?

So if i don't register a trade name (single prop), confirmed po ba that I don't need to secure the usual govt.permits?  

Saan din po magpapagawa ng receipts?  

Sorry for bombarding you with so many questions. I'm very new in the industry and I am in need of a mentor.  

Thanks.
« Last Edit: Oct 13, 2012, 03:29 AM by sheridan »


 


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