Blog Posts on faq useful to real estate agents
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Possible Bread and Butter of Licensed Real Estate Practitioners by Real Estate Service Coach on Jan 10, 2012I have impending deal with BIR. Kung matutuloy ang plano, baka mag one week stay-in workshop kami ng BIR sa isang resort just to plan the BIR-Capture of the RESPs and to train me so that REIBS/REALTER will become a Model Real Estate Firm in terms of...
Independent Broker Accreditation with Developers by Real Estate Service Coach on Dec 31, 2011QUESTION: Sir John, kanino po ba kami magpa-accredit as Independent Broker, sa Developer or sa Marketing Company ng Developer?ANSWER: Depende sayo. Pag sa Developer ka DIRECT, ang commission at stake dyan eh between 8-12 percent. Kung magkano commiss...
Difference Between Developer and Maketing Company by Real Estate Service Coach on Dec 29, 2011QUESTION: Sir John, what is the difference between a Developer and a Marketing Company?ANSWER: Developr builds projects and sells it for a profit price to a Marketing Company. The Marketing Company in turn sells it to the consumers/buyers at a higher...
Brokers have Exclusive Power to Register and Supervise Salespesons by Real Estate Service Coach on Dec 29, 2011QUESTION: Sir John, bakit po kahit walang Broker endorsement ang Ahente ng developer eh pwede siya maka-register as Salesperson sa PRC?ANSWER: It is because the PRB-RES who is sitting now DON'T KNOW HOW TO READ simple english of the RA 9646. In short...
BIR: Who are Professionals? by Real Estate Service Coach on Dec 26, 2011WHO ARE PROFESSIONALS?By: Bureau of Internal RevenueProfessionals, refer to an individual or a group of individuals who are engaged in thepractice of profession or calling, WITH or WITHOUT LICENSE from a regulatory board or body. Professionals includ...
How to Satisfy the Official Receipt Requirement of BIR by Real Estate Service Coach on Dec 22, 2011QUESTION: Sir John, I am a Broker. I have authority to sell a private and individually-owned house and lot. I found a buyer and am closing the sale tomorrow. The seller requires that Official Receipt for my commission. My problem is, I have no Offici...
Developers who directly accredit Salespersons without Brokers is ILLEGAL by Real Estate Service Coach on Dec 6, 2011QUESTION: Sir John, I work for a Broker, I just finished Salesperson Seminar and will soon be getting my registration in PRC. When I get my PRC Registration, can I sell properties without the participation of my Broker? ANSWER: NO. YOU CAN'T. You ca...
This Agent Don't Need to Register in PRC by Real Estate Service Coach on Dec 6, 2011QUESTION: Sir John, I am a retired teacher, an AVON saleslady, and a colorum agent. I refer potential buyers to a Broker, and the broker does the salestalk and I get my 1/3 share of the commission. In all these, I have no written agreement with the B...
Opportunity for Under Board Architects - The Project Presenter by Real Estate Service Coach on Dec 6, 2011QUESTION: Sir John, I will soon be inheriting a small-size Development Company (with 3 Subdivision Projects) established by my dad. My girlfriend is a licensed Broker and she is the only broker in our company. She works in our office some 5 kilometer...
RATIFICATION - Act Now Get Agency Agreement Later by Real Estate Service Coach on Dec 6, 2011QUESTION: Sir John, I have a neighbor in Quezon City who is selling his house and lot. I saw the signboard, and without authority to become agent of the seller, I offered it to my uncle in USA. My uncle is interested. What will I do to try get a comm...
