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Tag: real estate service professional

  • THE FINAL STEP: PREPARE A BUSINESS PLAN

    “Plan carefully and you will have plenty; if you act too quickly, you will never have enough.”

     – Proverbs 21:5, Good News Bible [Today’s English Version]

    By Ernesto C. Perez II

    You would think that having a creative and distinguished business name as well as an appropriate business vehicle chosen will bring us one step closer to registering our business with DTI and BIR.

    Unfortunately, we still have one more step to go. It is a long process but a necessary step to take. The next step is writing a business plan.

    You may think that preparing a business plan doesn’t apply to you because of the experience you have in the brokerage business. But for those who are still new and inexperienced or those who are engaged full-time because this is the only source of income they have then preparing and having a business plan is essential.

    I am not experienced in preparing business plans. In fact, I have several ventures that have failed mainly because of the lack of such a plan.

    There are numerous websites that guide you through the preparation of a business plan. You can hire a professional to assist you in preparing one. No matter what method you choose the important thing is to make a plan that is thoroughly researched.

    A final note if you will permit me. In the book of Donald Trump and Robert Kiyosaki entitled “Mida’s Touch: Why Some Entrepreneurs Get Rich And Why Most Don’t” they discussed their failures and how they learned from their numerous failures that made them succeed.

    In preparing your business plan, I would suggest that you plan to fail. This is not to say that you have to set small goals for yourself.

    By all means, think big! Plan for your outright success. But temper it with the knowledge that the best laid-out plan does not usually go according to what is written.

    There will be numerous bumps on the road. I am still on the bumpy part. Therefore, plan to make adjustments so that you will not be heavily frustrated when things do not happen as planned.

    Facing disappointments and experiencing failures when you thought you have covered all bases is the worst feeling of all. I am well acquainted with such failures and disappointments.

    You need a business plan that is flexible to give you room to adjust your goals accordingly and know what to do when faced with adversities. Once you have made your business plan you are now ready to register your business.

    I have outlined what requirements are needed when you are ready to register your business with the various agencies of the local and national government. You can read it in my previous post.

    Best of luck to everyone. Kung Hei Fat Choi!!

  • CPE Seminar of MUNREB

    The Board of Trustees of MUNREB regrets to inform everyone that the CPE scheduled on June 22 – 24, 2011 at the Alabang Country Club, Ayala Alabang Village, Muntinlupa City is CANCELLED. Please be guided accordingly. Thank you for your understanding.

    MUNREB will conduct a Continuing Professional Education Program for licensed brokers on June 22, 23, and 24, 2011 (Wednesday to Friday) at the Alabang Country Club, Ayala Alabang Village, Muntinlupa City.

    We are still in the process of finalizing the topics and roster of speakers for this year’s CPE.

    Those who have yet to file their applications for registration with PRC and who require additional CPE units for this purpose are strongly encouraged to attend on June so as to meet the July 30, 2011 deadline for PRC Registration Without Examination under the grandfather clause of RESA.

    The following is the table of units offered and the corresponding fees:

    Pre-reg fee:

    Php3,000 (for 8 units)

    Php6,000 (16 units)

    Php8,000 (24 units)

    On-site fee:

    Php4,000 (8 units)

    Php8,000 (16 units)

    Php10,000 (24 units)

    Pre-registration is on June 8, 9, and 10 from 10am to 12noon ONLY.

    Those interested to pre-register may proceed to 703 Common Goal Tower Madrigal Business Park Ayala Alabang, Muntinlupa City on any of the dates and time specified. Look for the Treasurer of MUNREB, Ms. Maricar Sison.

    Registration beyond June 10 will be considered on-site registration, and will thus be subject to the regular fees on the table above.

    For further details you can go to the MUNREB POST – the official site of PAREB – Muntinlupa Realtors Board.

    See you all there.

  • Real Estate Practitioners Took Oath

    CONGRATULATIONS to everyone who took their oath yesterday during the 3rd Oathtaking Ceremonies of Real Estate Service Consultants, Appraisers and Brokers (under Section 20 of RA 9646) and the 1st Oathtaking Ceremonies of New Real Estate Brokers at the Philippine International Convention Center in Pasay City yesterday.

    Although the time indicated in the souvenir program was 1:00PM, the actual ceremonies officially started at 2:37PM (according to my watch). We thank Hon. Eduardo G. Ong, Chairman of the Board of Real Estate Service for welcoming the inductees and giving us an update of the latest activities of the Board in service for all of us professionals.

    According to our Chairman, as of March 31, 2011 the numbers of licensed real estate professionals are as follows: Consultants – 24; Appraisers – 552; and Brokers – 4,033. And just this week, the Board of Real Estate Service signed Resolution No. 6, Series of 2011 approving 1,202 applications of the individuals for registration without examination as Real Estate Consultants, Appraisers and Brokers.

    Add to these numbers, 3,185 new licensed real estate brokers who passed the first Real Estate Broker Licensure Examination given by the Board of Real Estate Service last March 27, 2011.

    Chairman Ong also announced the upcoming schedule of licensure examinations for Real Estate Appraisers – on July 31, 2011; and for Real Estate Consultants – on October 2 and 3, 2011. Most importantly, the chairman confirmed that there will be another Real Estate Broker Licensure Examination on November 27, 2011.

    Finally, Chairman Ong reported that the Board of Real Estate Service will be releasing the implementing guidelines for the recognition of the Accredited and Integrated Professional Organization (AIPO) by the Board, subject to the approval of the Professional Regulation Commission (PRC), sometime in the month of May 2011.

    These guidelines have been very much anticipated by existing associations of real estate service practitioners. We hope for the immediate release of the said guidelines sooner rather than later.

    The ceremonies officially ended at 5:02PM. However, the poor planning and lack of organization by the PRBRES and the PRC became manifest again. After enduring more than 90 minutes of disorganized queuing system to gain entry to the venue, the releasing of the PRC Identification Card proved to be more disastrous than the previous early afternoon chaos.

    It took more than 120 minutes before we (my father, my wife and I) received our PRC ID card from the poor PRC staff that was over-matched against brokers who were tired and hungry at that time.

    Maybe next time, the Board will better plan the release of the ID cards by (1) increasing the number of PRC staff manning the tables that release the ID cards; or (2) releasing the ID cards at the PRC office based on a pre-determined schedule – date and time, like what PRC did when it registered the 3,185 passers of the 1st Real Estate Broker Licensure Exam.

    If there is a lack of staff to man the distribution points of the ID card after the oath taking ceremony then I am sure that the various local boards of PAREB can find some volunteers to assist in the releasing process to minimize if not eradicate the chaos that we experienced yesterday. All the Board has to do is to ask.

    We hope that the same will not be repeated in the succeeding oath taking ceremonies. Other than the chaos before and after the event, we laud the Board for its efforts and hard work in making the oath taking ceremonies a success.