Showing posts with label real estate brokeer. Show all posts
Showing posts with label real estate brokeer. Show all posts

Wednesday, September 28, 2011

When a degree isn’t enough



By b

 1share7 4
I started work as a temporary employee in a realty firm and was absorbed as permanent employee after three months.  Having some experience in dealing with commercial leasing, I thought my knowledge was sufficient to help me do my job well.  When I began joining team meetings and was caught tongue tied in most of the discussions, I realized that what I knew was not enough.
A colleague suggested that if I really would like to stay in this field, I should consider taking some courses to enhance my knowledge.  Although I am familiar with some of the basic concepts on leasing and property management, applying them at work here in Canada is entirely different.
I started looking into several designations offered by some leading organizations in property and facilities management.  I came across Building Owners and Managers Institute (BOMI), which offers professional designation programs through self-study, online courses and classroom courses. I decided to pursue the Real Property Administration (RPA) designation.  I needed to finish seven mandatory courses and one elective course.  Throughout the study program, I also need to gain some experience in property management.
Since I am not confident about taking the courses via self study, I started the first one by enrolling in the classroom course which normally requires students to read the textbook before the classes start.  The classroom course is a four-day accelerated program whereby the instructor goes over the important items in the textbook and gives additional information on topics that need further discussion or clarifications.  The textbook is normally composed of 15 chapters so I read one chapter a day before the classroom discussions.
I realized most of the people enrolled in the class came from the same industry so a few of them were already acquaintances.  Some had been in the industry for quite some time; others were property managers while some were building operators.  The good thing about being around these people who were well informed in the field was that I learned a lot from them during the discussions.  In that class, I was the neophyte having the least experience and knowledge on building operations and management.
My manager told me that in preparation for the exam, I needed to focus on the key items, review questions and practice exam in the textbook because 90 percent of the test questions would be taken from them.  We were given another two weeks to review.  This time, I made it a point to go over the key items of three chapters per day.  The following week I did the same thing and a day before the exam, I took a day off and reviewed the whole day.  True enough when the results came out after a month, I did not just pass the test but did so with flying colors.
I realized that I could do three courses in a year giving myself a month’s break in between.  I took mostly the classroom courses so I could be enlightened on some topics that were not clear to me. When they stopped doing the classroom courses, I opted for the self study program since I had no time for the online courses.  With a lot of sacrifice and self discipline, I passed each course with a grade not lower than 90 percent.  I even scored 100 percent in one of the courses I took.
After two and a half years, I finally received my designation and can now affix the initials RPA after my name.  A colleague from Montreal convinced me to continue studying and do the Facilities Management Administration (FMA) since I would only need to take three more courses to get it.
So far, I have done the first course and passed the exam and am now enrolled in the second one.  Hopefully in the first quarter of 2012, I would have received my second designation.

Friday, July 23, 2010

Continuing Professional Education

The past three Saturdays was a tremendous and educational days for me since I again tried to relive the memories of studying and working in an office. Since I retired, I have been working at home and trying to understand the ways of a retired person. How to use the energy left and still be functional, and to stave off the boring life of doing nothing i.e. to be called "wala ng silbi".

But luckily, I can still consider myself as part of the rat race, so still trying to earn a living and be of service to the immediate members of my family. I'm happy to say that in a year or so, I was able improve my knowledge with respect to internet marketing, particularly blogging and my future on line store.

As I have said above, the past three Saturdays of July 2010 was spent in Cebu attending the required continuing professional education which is a requirement to being issued a license to practice in the profession of a Real Estate Broker. The thought of not learning a new thing crept into my mind, but wonder of wonders, the seminar seems to be new to me since it has been a long three years when I took the exams and granted a license to practice the said profession.

After those long three years of not having to show something to prove that I deserved to be called a broker, I begin to realize that I am wasting so much time in not taking advantage of the situation, where many of my co-Realtors are cashing in on the booming market in real estate.Well, no need to "cry over spilled milk", it is about time that I took advantage also about my knowledge of the real estate business and be a part of the thriving and still booming industry.
I just want to share with my readers some of the highlights of the seminar which include but not limited to Real Estate Taxation, Real Estate Planning, and Settlement of Estate shared to us by Atty. Jonathan P. Capanas, Dean of the College of Law, USJR, and former RDO of BIR.

Another interesting topic was about the Legal Requirements for Real Estate Practice like Property Ownership, Contract Documentation, and Registration by Atty. Paterno Acabodillo, Sr. former Register of Deeds, Mandaue City, Cebu.

We were supposed to be given a lecture on the Code of Ethics by Josh Carol Ventura, Chief of the Trade and Industry Regulatory Division, DTI, Visayas Region  but was not able to arrive due to some important commitments, so instead the new Geographic Information System being used by the City of Cebu was shared by Mr. Rene B. Sanapo, Asst. City Administrator, Cebu City Government.

Our second day was also fruitful since the topic How to Put Up a Real Estate Business was too important to be missed. An added bonus was Appraisal for Real Estate Brokers all given  by Real Estate Consultant Herbert E. Buot, Past President of PAREB-CEREB. Engr. Senen D. Catingub, Jr. Chief of Division, Housing Loan PAG-IBIG Fund, Cebu Regional Office also talked about Institutional Loans and Pag-ibig Updates.
In the afternoon, Antonio V. Osmena, Realtor and Past President of CEREB, gave some highlights on the topic Condominium Concept and something about Joint Venture Agreements. While Mr. Tedelino E. Guillermo and Engr. Francis Ordaliza talked about Subdivision Rules and Procedures. Both are from the HLURB Central Visayas Region.

Ms. Leizl C. Gonzaga, Assistant Assessor-Administration of the Cebu City Government gave us some pointers on the Assessment and Real Property Tax which by the way will be going up to keep pace with the times and as required by the new Real Estate Service Act or RA 9646.

But the highlight of the seminar was the topic Real Estate Trends and Forecast given by Mr. Boler Binamira, Realtor and Assistant Sales Head of FILINVESTLAND, INC. who assured the participants that the trends and forecast shows a robust and still booming real estate industry in five to seven more years or even beyond the Aquino administration.

The last day July 17, 2010 was also the highest point should I say, since Atty. Ariel T. Martinez was the speaker and most of his topic was always a hit among the three hundred participants coming from different places of Visayas and Mindanao area. There is no boring topic for him, since he knows how to get the attention of everybody and almost always adds humor to his topic every now and then. Included in his almost day long presentation were Laws Relating to Real Estate, Implementing Rules and Regulations, Real Estate Service Act, Family Code and Its Effect on Real Estate Transactions, Basic Power of Attorney, Foreign Ownership of Land and Dual Citizenship Law.

Engr. Rey Sususco, a former HLURB project officer gave some pointers on Site Location and Map Reading, while Atty. Alvin L. Arante, Chief Legal Division of the DAR, Visayas Region talked about Agrarian Reform and Its Impact on Urban Development. The three day long activities was ably emceed by Mr. Ron S. Tan a Realtor in his own right.

 For those who are interested to be a Real Estate Broker and Real Estate Appraiser, I would like to announce that on December 5 & 6, 2010 respectively, the Professional Regulations Commission will be giving examinations, after a review conducted by accredited reviewers such as PARED-CEREB, CREBA, NREA and others before the said examination date. Schedule in Cebu City will be on September or October this year. An orientation course will also be conducted by the Palompon Realty and Brokerage located at 43 Rizal St., Central I, Palompon, Leyte. 

For those who are interested to have a second degree without the usual four years studying in a classroom type education, and before the full implementation of the Real Estate Service Act or RA 9646 where only those who have a degree of Bachelor of Science in Real Estate Service can practice the profession.as a broker, assessor, appraiser, and consultant can contact Realtor GREG M. ELEP at Tel. 555-84-64 or Cell # 09164422611 or Email gregmelep_087417@live.com for more particulars..