Monday, June 16, 2014

Cebu Realtors Board history

The story of CEREB requires us to revisit the yesteryears on the origin of realtorism, touching on the births of the National Association of Realtors Boards (NAREB) and of the Philippine Association of Realtors Boards (PAREB), the ancestors of Cebu Realtors Board (CEREB).

Presently, CEREB has hundreds of licensed real estate brokers and is in its 45th year of existence as they look to more challenging years ahead of them.

The birth of real estate boards started in the Philippines on 7 November, 1938, with the Manila Realty Board as the frontrunner, later incorporated and renamed Manila Board of Realtors, by C.M. Hoskins. NAREB began recognizing the Manila Board of Realtors as a national organization on 3 February, 1953 and accredited them as a member of NAREB, authorizing them to use the term realtor. Federico Calero, then president of Manila Board of Realtors, was elected director of NAREB.

Real estate brokers from all over the Philippines quickly organized realty boards in their respective areas. Alfredo A. Buot Sr, organized the Cebu Realty Board which later officially changed to Cebu Realtors Board, on 31 March 1960. Presently, they are now known as PAREB – Cebu Realtors Board.

Before the 60s, an individual did not have to take a licensure exam to be a real estate broker. In the early months of 1964, the Bureau of Commerce announced that there shall be a licensure examination as a prerequisite to becoming a real estate broker. Preparation was conducted by CEREB for the first examination to be given by the Bureau of Commerce in Cebu City on 31 October 1964. Out of the 64 individuals who took the exam, 18 passed and seven joined CEREB.

Presently, CEREB has hundreds of licensed real estate brokers and is in its 45th year of existence as they look to more challenging years ahead of them.
 


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