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CMO 28: Policies, Standards and Guidelines for Bachelor of Science in Real Estate Management (BS REM)
Republic of the Philippines _
OFFICE OF THE PRESIDENT
COMMISSION ON HIGHER EDUCATION
CHED MEMORANDUM ORDER (CMO)
Series of 2011
SUBJECT: POL| CIES, STANDARDS AND GUlDELlNES FOR BACHELOR OF
SCIENCE lN REAL ESTATE MANAGEMENT (BS REM)
In accordance with the pertinent provisions of Republic Act (RA) No. 7722, othen/ vise
known as the "Higher Education Act of 1994," and RA No. 9646, otherwise known as the
"Real Estate Service Act of the Philippines" and by virtue of the 380* Regular
Commission en Banc Resolution No. 243-2011 dated September 26, 2011 and for the
purpose of offering the Bachelor of Science in Real Estate Management with the end view
of keeping pace with the demands of local and international business environment to
become glcbally competitive, the following policies. standards and guidelines are hereby
adopted and promulgated by the Commission.
Section 1. RA No. 9646, otherwise known as the "Real Estate Service Act of the
Philippines, " recognizes the vital role of real estate service practitioners in the
social, political, economic development and progress of the country by
promoting the real estate market. stimulating economic activity and
enhancing government income from real property-based transactions. The
objective of the Bachelor of Science in Real Estate Management program is
to develop a corps of technically competent, responsible and respected
professional real estate service practitioners whose standards of practice and
service shall be globally competitive and will promote the growth of the real
The Program conforms with the required general education courses,
establishes the foundations for real estate management, includes business
management theories and applications, and focuses on the three major fields
of real estate service management which includes, brokerage, appraisal and
A distinctive feature of the program is the presentation and elucidation of
comprehensive courses which will include actual discussion of cases and
paradigm shift including real estate project feasibility study that will give the
opportunity for the student to apply the problem-solving concepts learned in
the classroom to real situations. Extensive opportunities are available for
students to be involved in the real estate environment to gain pedagogical
experience that they can use after graduation.
AUTHORITY TO OPERATE
Section 2. All higher education institutions (HEls) intending to offer the Bachelor of
Science in Real Estate Management must first secure proper authority from
the Commission in accordance with the existing policies, standards and
guidelines. State Universities and colleges (SUCs) and local colleges and
universities (LUCs) should Iikewise strictly adhere to the provisions in these
policies, standards and guidelines.
ARTICLE | ||
Section 3. Degree
The degree program herein shall be called Bachelor of Science in Real
Estate Management (BS REM).
Section 4. Program Description and General Objectives
The BS REM program aims to prepare the graduates for a career in the field
of Real Estate Management in various corporations and institutions whether
in the practice of salesmanship, brokerage, appraisal and consultancy
including the local government practice of assessors and appraisers. The
program prepares students to be pro-active and responsive to the total
environment by providing technical, interpersonal and conceptual skills in the
areas of real estate management. Theory is blended with practicum activities
to give the students a broad and enriched base for a career in real estate
The objectives of the program are:
4.1 Provide complete understanding of the concepts, principles, theories, and
philosophies of business, management, finance, economics, operations
and marketing as applied to real estate service practice.
4.2 Assist students to seek employment and facilitate the integration process
in the real estate corporate environment and local government so they
can be immediately productive in the workplace.
4.3 Help the students to seek employment and entry level jobs as
entrepreneurs, marketing executives or positions of responsibility as real
estate brokers, appraisers and consultants.
4.4 Prepare students to formulate real estate project feasibility studies and
other related works to build a portfolio attesting to their competence and
ability to pursue appropriate careers in the real estate management
4.5 Prepare civil servants to discharge their functions, duties and
responsibilities as government appraisers and assessors of public domain
for taxation and other public services purposes.
Policies and Slrriultrrrísfoi' BS REM N 2
Section 5. Specific Professions, Careers, Occupation or Trades
5.1 Entry-level jobs per area of specialization
Real Estate Brokerage
Management Trainee in Real Estate Brokerage
Real Estate Marketing Assistant
Real Estate Marketing Management Trainee
Real Estate Junior Sales Trainee
Credit and Collection Assistant
Real Estate Appraiser
Management Trainee in Real Estate Appraisal
Real Estate Junior Appraisal Trainee
Credit and Collection Assistant
Real Estate Appraisal Analyst
Real Estate Consultant
Management Trainee in Real Estate Consultancy
Real Estate Consultant Assistant
Real Estate Junior Consultancy Trainee
New Account Personnel
Credit and Collection Assistant
5.2 Entg level jobs in National/ Local Governments
Local Government Assessor
(plantilla positions according to the Local Government Code and the
Bureau of Internal Revenue/ Department of Finance)
Municipal Government Assessor
Municipal Government Assistant Assessor
City Government Assessor
City Government Assistant Assessor
Provincial Government Assessor
Provincial Government Assistant Assessor
Local Assessor Officer (Municipality, City, Province)
Administrative Assistant in the Assessor's Office (Municipality, City,
5.3 Advanced Office Positions
Any supervisory, senior or managerial job in their field of specialization
whether in government and corporate sectors.
Po/ icictv (md . çltrrrdarr/ _sj/ bl' BS RIC/ ll 3
Graduates of a BS REM Program should be able to:
Offer or render professional advice and judgment on: (i) the acquisition,
enhancement, preservation, utilization or disposition of Iands or
improvements thereon; and (ii) the conceptlon, planning, management
and development of real estate projects.
Perform or render, or offer to perform services in estimating and arriving
at an opinion of or acts as an expert on real estate values, such
services of which shall be finally rendered by the preparation of the
report in acceptable written form.
Perform local government appraisal and assessment of real properties,
including plants, equipment, and machineries, essentially for taxation
purposes and other public service purposes.
Act as an agent of a party in a real estate transaction to offer, advertise,
solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, Iease or joint
venture, or other similar transactions on real estate or any interest
Perform service for, and in behalf of a real estate broker who is
registered and licensed for or ln expectation of a share in the
Commission, professional fee, compensation or other valuable
Convey ideas clearly both oral and written in English or Filipino.
Prepare, analyze, and evaluate reports, proposals and concept papers.
Demonstrate the values of fairness, transparency, accountability, hard
work, honesty, patience, diligence, innovativeness and risk taking.
Apply the principles of the different forms of communication.
Develop the ability to access, retrieve and disseminate information
using information Technology.
Perform quality real estate service work.
Understand and apply the concepts and principles of good
Develop a wholesome personallty aligned to his/ her profession.
Participate actively in business associations and comply with their
policies and regulations.
Demonstrate Ieadership qualíties, civic-mindedness and responsible
Conduct environmental scanning of the real estate industry and
Policies' um¡ SIuirLln/ 'rlsfoi' BS REM 4
6.17 Conduct feasibility study and other business research/ plan related to
6.18 Explain the concepts, approaches, and techniques of environmental
conservation as applied to the real estate industry.
6.19 Know and understand the country's national development thrusts,
concerns, socio-economic and real estate indicators.
6.20 Perform fair market value assessment in the municipal, city and
provincial levels for real estate taxation and public services purposes.
Section 7. Curriculum Description
The curriculum for BS REM covers the foundations for real estate
management, incorporates business management competencies, and
focuses on the three major fields of real estate practice - namely, brokerage,
assessment and consultancy. It prepares the student to actively pursue a
professional career in the real estate service practice,
Section 8. Curriculum Outline
General Education Courses gGE_) 51
Basic Business Core 21
Management Education Core 18
Professional Courses 39
Electives I 15
Practicum/ Work Integrated Learning I 6
P_E_/ l__l_STP | 14
Total l 164
Section 9. General Education Courses
General education and Iegislated courses shall follow existing
requirements. The CHED Memorandum No. 04 series 1997 (GEC-B; 51
units) is the recommended track for the BS REM program.
However, the GE courses shall automatically be considered as revised
once a new CMO on General Education is issued by CHED, without the
need for additional action on the part of the concerned Technical Panel. An
amendment to this CMO wiII be issued by the Office of Programs and
Standards (OPS) at such time to show the revised curriculum.
Course I Units ~
Humanities Cluster 21
Communication Skills, Part l
Communication Skills, Part Il
Sinlng ng Pakikipagtalastasan I I
Pa basa/ Pa sulat sa Iba't lban Dis¡ lina
Policies and S/ (IH(Í(ll'(Í. S'_/ t)I“ BS REM 5
introduction to Philosoply with Logicià Critical Thinking
Art, Man, and SocietL
Math/ Science Cluster
Environment and Green Buildipgjechnology
r Fundamentals of Computer Software and Applications
Social Sciences Cluster
Philippine Histog with Politics and Governance
introduction to Economics With Land Reform and Taxaticn
Society and Culture with Family Planning
Life and Works of Rizal
Section 10. Business Core Courses
These courses consist of the four functional areas of business. A student
of business and management has to have basic knowledge on these four
functional areas. ln addition to these, Business Communication and
Computer ll should form part of the Basic Business Core.
Princi les of Mana ement
Human Behavior in Or anization HBO
Principles of Marketing
Section 11. Management Education core
These courses consist of advanced knowledge in functional areas and
applications in business management.
Economics (Micro and Macro Economics
Business Law l (Obligations and Contracts with Real
Taxation Business and Real Estate Taxaticn
Human Resource Mangggment
Cororate Social Resonsibili
and Good Governance
Policies mui' S/ tindurdsfol' BS REM 6
Section 12. Professional Courses
The following are the professional courses of the BS REM curriculum.
These courses lay the fundamental concepts that every real estate
management administration student has to know in the field of brokerage,
consultancy, appraisal and assessment.
HEIs may enhance the curriculum by providing electives based on the
vision and mission of the college or school. A school may offer other
electives that may help a student pursue his or her specialization.
Professional Courses - 39 units
PS 1 ~ Fundamentals of Real Estate Management
PS 2 - Real Estate Marketing and Brokerage
PS 3 - Legal Aspects of Real Estate
PS 4 - Real Estate Consulting
PS 5 - Real Estate Planning and Develppment
PS 6 - Real Estate Appraisal and Propepullanagement
PS 7 - Real Estate Consulting & Investment Anal sis
PS 8 - Principles of Ecology __
PS 9 - Appraisal and Assessment in the Government Sector
PS 10 - Pro ert Mana ement S stem
PS 11 - Real Estate Finance
PS 12 - Ethical Standards for Real Estate Practice
PS 13 - Real Estate Economics
Sgggested Electives - 15 units
l Human and Physical Geography 3
Real Estate Brokerage 3
Housing and Subdivision Development 3
Consulting for Specific Engagements
Condominium Concept and other Specialized
Internet Technology in Real Estate 3
Practicum/ Work Integrated Learning - 6 units
_PracticumNVork Integrated Learning 6
Section 13. Sample Program of Study (Minimum Units)
The program of study herein is only an example. HEIs may use this sample
and modify it according to their needs provided that the minimum
requirements as specified in Section 8 Article 5 are met. They may also add
other courses that would enrich the program.
Filipino | 3
Mathematics l 3
Natural Science I ; Physical Science) 3 3
Policies and Standards for BS REM 7
' Social Science l (Philippine History with Politics and j 3 3
l Government) _
“ Management l (Principles of Managemept) __ 3 3
' Computer l (MS Office Applications) 3 3
PE 2 T 2
NSTP 3 _L 3
Total 26 _ 26
Semester 2 Lecture Lab! Units
English ll i 3 p' Í 3
Filipino Il _ 3 ; 3 _
Mathematics II (Statistics) 3 j 3
Natural Science ll (Environment and Green Building 3 3
Technology) _p_ j
Marketing l (Principles of Marketing) 3 3
Computer_ll (MS Project) __ a 3 3
PE 2 j# 2
NSTP 3 3
Total 23 "E 23
l Fundamentals of Accountin
Social Science ll (Introduction to Economics with Land 3
Reform and Taxaticn)
__ia_r›__: ___. : 3
Finance (Basic Finance)
English llI (Business Communication) 3
Humanities I (Introduction to Philosophy with Logic & Critical
F PS-1 Fundamentals of Real Estate Management
Manaement ll Human Behavior in Oranization
Life and Works of Rizal
Corporate Social Responsibi| i_ty and Good Governance
Total 23 23
Semester 2 Lecture Lab #Units
. 'r-É m**
Accounting ll 3 3
y Micro and Macro Economics , '- 3 3
Social Science Ill (Society and Culture with Family 3 3
Humanities lI Art, Man and Societ
Social Science IV General Ps cholo
Business and Real Estate Taxaticn
PS 2 - Real Estate Marketin
Business Law l(Obligations and Contracts with Real
Policies and Standards for BS REM
Property Laws) T
Human Resource Management L 3 3
PS 13 - Real Estate Economics 3 3
Total 21 21
Semester 2 Lecture Lab Units
PS 3 - l: _e_gal As_pects of Real Estate 3 L 3
PS 4 - Fundamentals of Real Estate Consulting 3 _ l 3 _ _
PS 5 - Real Estate Planning & Development 3 3
PS 6 - Real Estate Appraisal and Property Management 3 J 3
PS 7 - Real Estate Consultirlg and Investment Analysis _l 3 3
Elective 1 3 g 3
Total 18 18
Semester 1 Lecture Lab Units
PS 8 - Principles of EcoIogL "T 3 " _[ 3
PS 9 - Appraisal and Assessment in the Government 3 3
PS 10 - Pro ert Management System 3 3
PS 11 - Real Estate Finance 3 1 g 3
Elective 2 3 + 3 J
Elective 3 j 3 A 3
Total 18 18
PS 12 - Ethical Standards for Real Estate Practice
Elective 5 l
PracticumNVork Inte rated Learnin l
Section 14. The minimum qualifications and the general functions and responsibilities of
the head of the unit that implements the degree program are the following:
14.1 The Dean or the Director of the program should possess the following
- A Filipino Citizen;
- Holder of at least a BacheIor's degree in Business Administration
and a Master's degree in Business Administration/ Management,
Bachelors degree in any field but with Master's degree in
Business/ Management or a Masterks degree in another field but with
a Bache| or's degree in Business/ Management;
- At least five (5) years of teaching experience at the tertiary level;
- At least five (5) years of experience in administrative or supervisory
capacity in an educational institution or a business enterprise.
- Possess a valid professional license under the Professional
Regulatory Board - Real Estate Service Practice
Policies and . Wanda/ dv foi' BS REM 9
14.2 The general functions and responsibilities of the Dean or Director of
the program are to:
- Exercise academic Ieadership among the faculty;
- Adopt curricular programs attuned to current trends and
developments in education and to practices of the profession;
- Maintain Iinkages with relevant industry, academic entities,
communities and sectoral organizations;
- Promote research and scholarly pursuits.
14.3 The dean/ department chair must be a full time administrator.
14.4 The teaching load of the dean/ director should not exceed twelve (12)
units per term/ semester.
Section 15. Chairs or coordinators may be appointed to help in the administration of
specific fields or disciplines in the program.
15.1 Chairs or Coordinators should possess the following qualifications:
- A Filipino citizen;
- Holder of at least a Bachelor's degree in Business Administration
and a Master's degree in Business Adm¡nistration/ Management,
Bachelor's degree in any field but with Master's degree in
Business/ Management or a Masters degree in another field but
with a Bachelor's degree in Business/ Management;
- At least three (3) years of experience in administrative or
supervisory capacity in an educational institution or a business
- Possess a valid professional license under the Professional
Regulatory Board under the Professional Regulatory Board - Real
Estate Service Practice
Section 16. Schools are encouraged to enter into consortium arrangement and share
facilities and personnel with other schools in the locality/ region giving rise to
an international network of schools working together.
Section 17. There should be an adequate number of support and service personnel to
assist the administration and faculty in the performance of their duties and
Section 18. The faculty members should possess the educational qualifications,
professional experience, valid professional license and teaching ability for
the successful conduct of a schools program(s).
18.1 At least twenty five percent (25%) of business and professional
subjects should be taught by faculty members with appropriate
18.2 At least thirty five percent (35%) of general education subjects in the
program should be taught by faculty members with appropriate
18.3 All faculty members teaching accounting courses should be CPA's. All
taxation subjects should be handled by either CPA's or lawyers while
business law courses should be handled by lawyers.
Policies ami Stmrzlurztlj/ br' BS REM i0
18.4 All faculty members teaching the real estate professional courses
should be handled by brokers, consultants, assessors and appraisers
that possess a valid licensed under the Professional Regulatory
Section 19. At least thirty percent (30%) of the business and professional subjects in the
program(s) should be handled by full-time/ full-Ioad faculty members.
Section 20. The school should have an effective system of recruiting and selecting
qualified faculty members.
20.1 Schools are encouraged to invite qualified business practitioners
and entrepreneurs to teach in the program.
Section 21. A system of ranking and evaluating faculty members should be instituted
and implemented. The publication of a faculty manual for the purpose of
formalizing faculty policies and standards is required.
Section 22. There should be opportunities for faculty development to enable faculty
members to keep up with developments and techniques in their field,
improve their teaching skills and course materials, continue their
professional growth, and contribute to research and other scholarly
Section 23. The teaching load of faculty members should be as follows:
23.1 Faculty members should be assigned to teach courses only in their
field of specialization.
23.2 The regular teaching load of full-time academic teaching personnel
shall be determined by the institution but in no case shall exceed 24
units per semester or term.
23.3 Faculty members teaching in more than one school must give formal
notice of their teaching assignment in all schools concerned.
23.4 Licensed real estate professionals who are working as full-time
government employees are encourage to share their knowledge and
expertise as part-time instructors, subject to government approval.
23.5 Faculty members should not be assigned to teach more than four (4)
different preparations in any one term/ semester.
Section 24. The curriculum for BS REM program should be consistent with the HEl's
philosophy, mission and vision statement.
24.1 The curricular requirement for BS REM should follow the minimum
number of units prescribed herein.
24.2 The school is free to enhance and to follow different patterns and
modalities based on the needs of its clientele.
24.3 As a general rule, courses should be offered as a three (3) unit course
equivalent to a minimum of 18 contact hours per unit.
Section 25. All schools should have prepared course syllabi. These should be made
available to students at the beginning of each term. Teaching
Policies una' . Siuntla/ 'zlsj/ bl' BS RE/ ll l l
methodologies, grading systems, textbooks and references should be
clearly stated in the syllabi.
All undergraduate courses should have prescribed textbooks, which should
be selected on the basis of acceptable criteria, preferably by an
independent textbook board or committee. The intelligent use of other
instructional aids and resources should be encouraged.
Access to computers and CD materials as well as the internet should be
provided to faculty members and students.
Maximum class size for undergraduate courses should be fifty (50).
Universities and colleges offering the BS REM program business should
have library resources that are relevant and adequate ln terms of quality
and quantity; helpful in serving the needs of scholarship and research; and
progressively developing and growing in accordance with the institutional
29.1 Library Personnel
A. Qualifications of Head Librarian;
1. Registered Librarian;
2. At least a masters degree holder;
3. With appropriate or relevant professional training
B. Number of library staff
l. At least one full time professional librarian for every 500
2. A ratio of 1 librarian to 2 staff/ clerk
29.2 Library Collection
A. Basic Collection
1. 3,000 volumes for start-up school (50% of the holdings should
be distinct titles)
2. A total of not less than 5,000 volumes after two years of
operation (50% of the holdings should be distinct titles)
3. Basic collections should include: General References,
Cultural, Filipiniana, Humanities, Social Science, Science
and Technology and General Education courses should
have at least five (5) titles per course
B. Professional Holdings
1. At least five (5) titles per professional course published within
five (5) years.
C. Periodical Collection
1. ln addition to reference books, the library shall maintain a
regular annual subscription to at least two (2) international and
two (2) local appropriate professional publications such as
Journals and Bibliographies. The school is encouraged to
subscribe to Magazines, Newspapers, Monographs and other
Policiex and . Slr/ Ilzlz/ ruls' foi' BS REM i2
D. Library Space
1. The library should accommodate at least fifteen (15°/ o) percent
of the total enrolment at any one time
E. Non-Print Materials
1. The library should be able to provide non-print materials such
as CDRoms, internet Access, etc.
Section 30. There should be a universally accepted library classification system with card
catalogues or a computer-based system. The open-shelf system is
Section 31. The library should be conveniently located and open at reasonable hours for
use of faculty and students.
PHYS| CAL FAC| L|TIES
Section 32. Colleges and Universities offering the BS REM program should provide
adequate physical facilities for their courses in accordance with the
requirements found in the eight (8th) edition of the Manual of Regulation
(MOR) for private schools; Batas Pambansa Blg. 232, “ The Education Act
of 1982; Republic Act (RA) 8981, “ PRC Modernization Act of 2000", RA
6541, "The National Building Code of the Philippines", Presidential Decree
856, “ The Code of Sanitation of the Philippines" , the laws governing
various profession and CHED lssuances.
Section 33. All institutions should maintain a campus conducive to promote the quality of
Section 34. Facilities for support services such as health, guidance and employment
/ placement services may be shared with other units of the school.
ADMISSlON, RETENTION, RESlDENCE, AND GRADUATlON REQUIREMENT
Section 35. Schools that offer the BS REM program may formulate the admission,
retention and graduation requirements for their programs.
Section 36. Admission, Retention and Graduation requirements will be governed by the
institutions policy on the program.
Section 37. As a general rule, transfer of student shall be governed by the institutional
policy on residence and transfer.
Section 38. For students who go on leave, re-admission to the program will be subject
to the school's re-admission policies.
Section 39. The institution should undertake research in Real Estate Practice and
Management and other related fields and should have a competent and
qualified research staff.
Policies and Sltllillüülffül' BS REM i3
The administration should encourage and support research among its
students and faculty and promote the utilization of research findings.
Publication of research output should be undertaken in an in-house journal
or other academic journals.
TRANS| TORY PROVISIONS
All HEIs, including SUCs and LUCs, with existing authority for the BS in
Real Estate program are hereby given a period of three (3) years from the
effectivity thereof to comply with all the requirements in this CMO
For violation of this CMO, the Commission may impose administrative
sanction as it may deem appropriate pursuant to the pertinent provisions of
RA 7722 in relation to Section 68-69 of Batas Pambansa Blg. 232,
otherwise known as the Higher Education Act of 1982, Section 63 of Article
XlI and Sections 142-143 of Article XXVI of the Manual of Regulations for
Private Higher Education of 2008, and other related laws.
All pertinent rules and regulations of parts thereof that are inconsistent with
the provisions of this policy are hereby repealed or modified accordingly.
This CMO shall take effect fifteen (15) days after its publication ln the
Official Gazette or in a newspaper of general circulation. This CMO shall be
implemented beginning Academic Year 2012-2013.
Quezon City, Philippines, 001701391' 25 a 2011.
For the COMMlSSlON:
PATRlCIA LICUANAN, Ph. D.
Policies and Standards for BS REM l4