Ched move to make real estate regular course draws support

THE Philippine Association of Real Estate Board (Pareb) welcomed the move of the Commission on Higher Education (Ched) to make real estate a regular course starting next school year.

Pareb 2012 local board president Eileen Ong Sugaro, in an interview Friday, said making real estate a regular course in universities and colleges will instill ethical standards and professionalism among real estate brokers in the country.

Sugaro admitted that there are many colorum real estate brokers in the Philippines.

She said there are brokers who make transactions without a license from the Professional Regulation Commission (PRC).

"We have to make money the ethical way," Sugaro said.

By the opening of classes in June, the Ateneo De Davao University (ADDU), University of Mindanao (UM), and University of Immaculate Concepcion (UIC) will be opening a Bachelor of Science in Real Estate Management as part of their regular courses being offered.

Also, during the 16th Visayas and Mindanao Joint Regional Conference at the Pinnacle Hotel Davao Friday, a total of 102 passers of Real Estate Brokers Examination from Davao City took oath in the presence of major players of real estate development in the country.

Sugaro said Pareb, with more than 4,000 members in the country, is the largest real estate service organization.

The organization is also celebrating its 52nd year in October, making it the oldest organization in real estate industry.

On the other hand, the local president pointed out that the real estate is booming as the big players such as Ayala Land, Camella Homes, DMC Urban Property Development Inc., and SM Prime Holdings are already here.