Policies, Standards and Guidelines for Bachelor of Science in Real Estate Management (BS REM)

October 25, 2011

CHED MEMORANDUM ORDER NO. 028-11

 

In accordance with the pertinent provisions of Republic Act (RA) No. 7722, otherwise 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 380th 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 globally competitive, the following policies, standards and guidelines are hereby adopted and promulgated by the Commission.

ARTICLE I

Introduction

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 estate industry.

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 consultancy.

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.

ARTICLE II

Authority to Operate

SECTION 2. All higher education institutions (HEIs) 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 likewise strictly adhere to the provisions in these policies, standards and guidelines. EICSTa

ARTICLE III

Program Specifications

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 service practice.

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 practice.

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.

SECTION 5. Specific Professions, Careers, Occupation or Trades. —

5.1 Entry-level jobs per area of specialization

 Real Estate Brokerage

 Entrepreneur

 Management Trainee in Real Estate Brokerage

 Marketing Assistant

 Administrative Assistant

 Salesperson

 Executive Assistant

 Real Estate Marketing Assistant

 Real Estate Marketing Management Trainee

 Real Estate Junior Sales Trainee

 Accounts Personnel

 Credit and Collection Assistant

 Real Estate Appraiser

 Entrepreneur

 Management Trainee in Real Estate Appraisal

 Appraisal Assistant

 Administrative Assistant

 Executive Assistant

 Real Estate Junior Appraisal Trainee

 Credit and Collection Assistant

 Real Estate Appraisal Analyst

 Real Estate Consultant

 Entrepreneur

 Management Trainee in Real Estate Consultancy

 Office Assistant

 Administrative Assistant

 Real Estate Consultant Assistant

 Executive Assistant

 Real Estate Junior Consultancy Trainee

 New Account Personnel

 Credit and Collection Assistant

5.2 Entry 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)

 Office Assistant

 Administrative Assistant

 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, Province)

5.3 Advanced Office Positions

Any supervisory, senior or managerial job in their field of specialization whether in government and corporate sectors. cDTHIE

ARTICLE IV

Competency Standards

SECTION 6. Graduates of a BS REM Program should be able to:

6.1 Offer or render professional advice and judgment on: (i) the acquisition, enhancement, preservation, utilization or disposition of lands or improvements thereon; and (ii) the conception, planning, management and development of real estate projects.

6.2 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.

6.3 Perform local government appraisal and assessment of real properties, including plants, equipment, and machineries, essentially for taxation purposes and other public service purposes.

6.4 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, lease or joint venture, or other similar transactions on real estate or any interest therein.

6.5 Perform service for, and in behalf of a real estate broker who is registered and licensed for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration.

6.6 Convey ideas clearly both oral and written in English or Filipino.

6.7 Prepare, analyze, and evaluate reports, proposals and concept papers.

6.8 Demonstrate the values of fairness, transparency, accountability, hardwork, honesty, patience, diligence, innovativeness and risk taking.

6.9 Apply the principles of the different forms of communication.

6.10 Develop the ability to access, retrieve and disseminate information using Information Technology.

6.11 Perform quality real estate service work.

6.12 Understand and apply the concepts and principles of good interpersonal relations.

6.13 Develop a wholesome personality aligned to his/her profession.

6.14 Participate actively in business associations and comply with their policies and regulations.

6.15 Demonstrate leadership qualities, civic-mindedness and responsible citizenship.

6.16 Conduct environmental scanning of the real estate industry and practices.

6.17 Conduct feasibility study and other business research/plan related to real estate.

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.

ARTICLE V

Curriculum

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. aCIHAD

SECTION 8. Curriculum Outline. —

	Units
General Education Courses (GE)	51
Basic Business Core	21
Management Education Core	18
Professional Courses	39
Electives	15
Practicum/Work Integrated Learning	6
PE/NSTP	14
	–––
Total	164
	===

SECTION 9. General Education Courses. —

General education and legislated 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 will be issued by the Office of Programs and Standards (OPS) at such time to show the revised curriculum.

Course	Units
Humanities Cluster	21
Communication Skills, Part I	3
Communication Skills, Part II	3
Sining ng Pakikipagtalastasan	3
Pagbasa/Pagsulat sa Iba't Ibang Disiplina	3
	Philippine Literature	3
	Introduction to Philosophy with Logic & Critical Thinking	3
	Art, Man, and Society	3
Math/Science Cluster	15
	College Algebra	3
	Statistics	3
	Physical Science	3
	Environment and Green Building Technology	3
	Fundamentals of Computer Software and Applications	3
Social Sciences Cluster	12
	Philippine History with Politics and Governance	3
	Introduction to Economics With Land Reform and Taxation	3
	Society and Culture with Family Planning	3
	General Psychology	3
Mandated Course
	Life and Works of Rizal	3

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. In addition to these, Business Communication and Computer II should form part of the Basic Business Core. TADCSE

Course	Units
Management
	Principles of Management	3
	Human Behavior in Organization (HBO)	3
Marketing
	Principles of Marketing	3
Accounting
	Accounting 1	3
Business Communication	3
Finance
	Basic Finance	3
Computer II	3
		–––
Total		21
		===

SECTION 11. Management Education core. —

These courses consist of advanced knowledge in functional areas and applications in business management.

Course	Units
Economics (Micro and Macro Economics)	3
Accounting II	3
Business Law I (Obligations and Contracts with Real	3
Property Laws)
Taxation (Business and Real Estate Taxation)	3
Human Resource Management	3
Corporate Social Responsibility and Good Governance	3
		–––
Total	18
		===

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
Course	Units
PS 1 — Fundamentals of Real Estate Management	3
PS 2 — Real Estate Marketing and Brokerage	3
PS 3 — Legal Aspects of Real Estate	3
PS 4 — Real Estate Consulting	3
PS 5 — Real Estate Planning and Development	3
PS 6 — Real Estate Appraisal and Property Management	3
PS 7 — Real Estate Consulting & Investment Analysis	3
PS 8 — Principles of Ecology	3
PS 9 — Appraisal and Assessment in the Government Sector	3
PS 10 — Property Management System	3
PS 11 — Real Estate Finance	3
PS 12 — Ethical Standards for Real Estate Practice	3
PS 13 — Real Estate Economics	3
		–––
Total		39
		===
Suggested Electives — 15 units
Course	Units
Human and Physical Geography	3
Real Estate Brokerage	3
Housing and Subdivision Development	3
Consulting for Specific Engagements	3
Condominium Concept and other Specialized Development	3
Internet Technology in Real Estate	3
Practicum/Work Integrated Learning — 6 units
Course	Units
Practicum/Work 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. EaHDcS

First Year
Semester 1	Lecture	Lab	Units
English I	3		3
Filipino I	3		3
Mathematics I	3		3
Natural Science I (Physical Science)	3		3
Social Science I (Philippine History with Politics and	3		3
Government)
Management I (Principles of Management)	3		3
Computer I (MS Office Applications)	3		3
PE	2		2
NSTP	3		3
	–––		–––
Total	26		26
	===		===
Semester 2	Lecture	Lab	Units
English II	3		3
Filipino II	3		3
Mathematics II (Statistics)	3		3
Natural Science II (Environment and Green Building	3		3
Technology)
Marketing I (Principles of Marketing)	3		3
Computer II (MS Project)	3		3
PE	2		2
NSTP	3		3
	–––		–––
Total	23		23
	===		===
Second Year
Semester 1	Lecture	Lab	Units
Accounting I (Fundamentals of Accounting)	3		3
Social Science II (Introduction to Economics with Land	3		3
Reform and Taxation)
Philippine Literature	3		3
English III (Business Communication)	3		3
Humanities I (Introduction to Philosophy with Logic &	3		3
Critical Thinking)
Finance (Basic Finance)	3		3
PS-1 Fundamentals of Real Estate Management	3		3
PE	2		2
	–––		–––
Total	23		23
	===		===
Semester 2	Lecture	Lab	Units
Accounting II	3		3
Micro and Macro Economics	3		3
Social Science III (Society and Culture with Family	3		3
Planning)
Management II (Human Behavior in Organization)	3		3
Life and Works of Rizal	3		3
Corporate Social Responsibility and Good Governance	3		3
PE	2		2
	–––		–––
Total	20		20
	===		===
Third Year
Semester 1	Lecture	Lab	Units
Humanities II (Art, Man and Society)	3		3
Social Science IV (General Psychology)	3		3
Business and Real Estate Taxation	3		3
PS 2 — Real Estate Marketing and Brokerage	3		3
Business Law (Obligations and Contracts with Real	3		3
Property Laws)
Human Resource Management	3		3
PS 13 — Real Estate Economics	3		3
	–––		–––
Total	21		21
	===		===
Semester 2	Lecture	Lab	Units
PS 3 — Legal Aspects of Real Estate	3		3
PS 4 — Fundamentals of Real Estate Consulting	3		3
PS 5 — Real Estate Planning & Development	3		3
PS 6 — Real Estate Appraisal and Property Management	3		3
PS 7 — Real Estate Consulting and Investment Analysis	3		3
Elective 1	3		3
	–––		–––
Total	18		18
	===		===
Fourth Year
Semester 1	Lecture	Lab	Units
PS 8 — Principles of Ecology	3		3
PS 9 — Appraisal and Assessment in the Government	3		3
Sector
PS 10 — Property Management System	3		3
PS 11 — Real Estate Finance	3		3
Elective 2	3		3
Elective 3	3		3
	–––		–––
Total	18		18
	===		===
		Lab/
Semester 2	Lecture	Field	Units
		Work
PS 12 — Ethical Standards for Real Estate Practice	3		3
Elective 4	3		3
Elective 5	3		3
Practicum/Work Integrated Learning		6	6
	–––	–––	–––
Total	9	6	15
	===	===	===

,/

ARTICLE VII

Administration

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 minimum qualifications: HcTDSA

— A Filipino citizen;

— Holder of at least a Bachelor's degree in Business Administration and a Master's degree in Business Administration/Management, Bachelor's degree in any field but with Master's degree in Business/Management or a Master's degree in another field but with a Bachelor'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.

14.2 The general functions and responsibilities of the Dean or Director of the program are to:

— Exercise academic leadership among the faculty;

— Adopt curricular programs attuned to current trends and developments in education and to practices of the profession;

— Maintain linkages 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 Administration/Management, Bachelor's degree in any field but with Master's degree in Business/Management or a Master's 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 enterprise.

— 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 functions.

ARTICLE VIII

Faculty

SECTION 18. The faculty members should possess the educational qualifications, professional experience, valid professional license and teaching ability for the successful conduct of a school's program(s).

18.1 At least twenty five percent (25%) of business and professional subjects should be taught by faculty members with appropriate master's degrees.

18.2 At least thirty five percent (35%) of general education subjects in the program should be taught by faculty members with appropriate master's degrees.

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.

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 Board.

SECTION 19. At least thirty percent (30%) of the business and professional subjects in the program(s) should be handled by full-time/full-load faculty members. HDAaIS

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 pursuits.

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.

ARTICLE IX

Curriculum Standards

SECTION 24. The curriculum for BS REM program should be consistent with the HEI'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 methodologies, grading systems, textbooks and references should be clearly stated in the syllabi.

SECTION 26. 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.

SECTION 27. Access to computers and CD materials as well as the Internet should be provided to faculty members and students.

SECTION 28. Maximum class size for undergraduate courses should be fifty (50).

ARTICLE X

Library

SECTION 29. Universities and colleges offering the BS REM program business should have library resources that are relevant and adequate in terms of quality and quantity; helpful in serving the needs of scholarship and research; and progressively developing and growing in accordance with the institutional developmental plans.

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

1. At least one full time professional librarian for every 500 students

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. In 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 periodicals.

D. Library Space

1. The library should accommodate at least fifteen (15%) 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. DEICTS

SECTION 30. There should be a universally accepted library classification system with card catalogues or a computer-based system. The open-shelf system is encouraged.

SECTION 31. The library should be conveniently located and open at reasonable hours for use of faculty and students.

ARTICLE XI

Physical Facilities

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 Issuances.

SECTION 33. All institutions should maintain a campus conducive to promote the quality of its graduates.

SECTION 34. Facilities for support services such as health, guidance and employment/placement services may be shared with other units of the school.

ARTICLE XII

Admission, Retention, Residence, and Graduation 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 institution's 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.

ARTICLE XIII

Research

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.

SECTION 40. 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.

ARTICLE XIV

Transitory Provisions

SECTION 41. 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

ARTICLE XV

Sanctions

SECTION 42. 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 XII and Sections 142-143 of Article XXVI of the Manual of Regulations for Private Higher Education of 2008, and other related laws. acCTSE

ARTICLE XVI

Repealing Clause

SECTION 43. All pertinent rules and regulations of parts thereof that are inconsistent with the provisions of this policy are hereby repealed or modified accordingly.

ARTICLE XVII

Effectivity Clause

SECTION 44. This CMO shall take effect fifteen (15) days after its publication in the Official Gazette or in a newspaper of general circulation. This CMO shall be implemented beginning Academic Year 2012-2013.

Quezon City, Philippines, October 25, 2011.

For the Commission:

(SGD.) PATRICIA LICUANAN, Ph.D.

Chairperson

ATTACHMENT

Article VI

Course Specifications

General Education
Course Name	Communication Skills, Part I
Course Description	This is a study and practice of the principles of correct
	writing and the clear and logical presentation of ideas.
	The course focuses on developing the students' writing
	skills through the introduction of the different types of
	expository writing and other forms of discourse.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Communication Skills, Part II
Course Description	The course is designed to develop the students' oral
	communication skills for effective personal, group, and
	public communication in the various disciplines
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Communication Skills, Part I
Course Name	Sining ng Pakikipagtalastasan
Course Description	Sumasaklaw ang kursong ito sa paglinang ng mga
	kasanayan sa komunikasyong pasalita at pasulat.
	Lilinangin ang apat na makrong kasanayan sa pakikinig,
	pagsasalita, pagbasa at Pagsulat sa pamamagitan ng iba't
	ibang texto and kontexto.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Pagbasa/Pagsulat sa Iba't Ibang Disiplina
Course Description	Ang kursong ito ay magbibigay pokus sa pagbasa at
	pagsusulat bilang instrumento sa pagkatuto. Ituturo sa
	kursong ito ang mga estratehiya sa pagbasa ng iba't
	ibang genre ng mga tekstong nakasulat. Lilinangin din
	ang mga kasanayan sa pagunawa lalo na ang kritikal na
	pagunawa, gayun din ang kasanayan sa pagsulat ng iba't
	ibang sulating akademiko
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Sining ng Pakikipagtalastasan
Course Name	Philippine Literature
Course Description	This course is a study of the literary forms or genres as
	exemplified by selected literary texts from various
	regions of the Philippines written at different periods in
	Philippine literary history
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Communication Skills, Part II
Course Name	Introduction to Philosophy with Logic & Critical
	Thinking
Course Description	This course deals with the various elements and methods
	essential in the development of critical thinking. It
	hones the students' reasoning skills and capacity to
	question, and presents them a wide range of logical
	frameworks with which to effectively analyze and
	evaluate arguments and truth claims, to discover and
	overcome prejudices and biases, to construct strong and
	logical arguments, and to make reasonable and
	intelligent decisions
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Art, Man and Society
Course Description	This course is a general study of art and design, their
	various forms and structures, personal and cultural
	functions, and the roles of artists in society. It also
	includes basic theory and practice in art production,
	aesthetics, art criticism and art history in relation to
	daily life, culture, careers and other learning areas
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	College Algebra
Course Description	This is a course in General Mathematics for First Year
	Students which deals with the Fundamentals Principles
	of College Algebra. Topics include Linear Equations,
	Inequalities, Quadratic Equations, Functions, Systems of
	Linear Equations in two or three variables, Matrices and
	Determinants and Sequences and Series. A review on the
	operations of Polynomial, Fractions and Radicals is also
	included
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Statistics
Course Description	This course provides the student with the fundamental
	understanding of the concepts of probability theory and
	statistical inference necessary to effectively employ
	statistical methods in contemporary business situations.
	Topics covered are: probability concepts, probability
	distributions, sampling and sampling distributions,
	statistical estimation, hypothesis testing, regression,
	correlation, multiple regression, index numbers and time
	series, statistical decision theory (probability rules and
	Bayes' rules). An expected output of the course is the
	ability to use statistical presentation as an aid to
	reporting information such as histograms, pie charts,
	ogives, pictograms, frequency polygons and the Lorenz
	curve.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	College Algebra
Course Name	Physical Science
Course Description	This course is designed for students with limited
	background and/or aptitude in the Natural Sciences. It
	focuses on basic ideas of modern physics, the chemical
	nature of our physical environment, geological forces
	that build and shape the earth's surface, and the origin
	and fate of the universe
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Environment and Green Building Technology
Course Description	This course will introduce to students to a clear
	understanding and in depth concept of green building
	technology and how it applies to projects, purchases,
	marketing and sales, construction and development
	within the marketplace. It will also cover, among other
	things, the characteristics of green buildings: sustainable
	site, water efficiency, energy and atmosphere, materials
	and resources, and indoor environmental quality,
	conservation techniques, environmental awareness in
	material reuse and energy efficient mechanical systems
	and the impact of green technology to climate change.
	Environmental change will also be emphasized.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Physical Science
Course Name	Fundamentals of Computer Software and Applications
Course Description	This course deals with the fundamentals of computer
	system, data processing concepts, development of
	computing device leading to the networking principles,
	basic web page development using MS Word, E-mail
	and Internet application, up to the complexity of using
	different window-based application programs from the
	latest version of MS Office programs such as Word,
	Excel, and PowerPoint.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Philippine History with Politics and Governance
Course Description	This course is a study of the economic, social, political,
	and cultural development of the Philippines. Emphasizes
	the relevant and recurring issues in Philippine history
	and studies the serious problems that confront the
	country
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Society and Culture with Family Planning
Course Description	This course is primarily intended to provide students
	with an overview on Sociology as a scientific study. This
	course will emphasize the nature, scope, basic concepts,
	theoretical formulations and method of sociology. Focus
	will be given on to analysis of current sociological
	phenomena in the Philippines today.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	General Psychology
Course Description	This course gives an overview on the study of the basic
	principles underlying human behavior, cognition and
	effect. It aims to provide the student with a general
	overview of the field of psychology and focuses on the
	different perspectives in analyzing human development,
	namely; biological, behavioral, cognitive, humanistic,
	psychoanalytic and socio-cultural with emphasis on the
	scientific approach to understanding human behavior
	and mental processes.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Introduction to Economics with Land Reform and Taxation
Course Description	This course seeks to provide students with a thorough
	understanding of the workings of the economy. It also
	aims to give an appreciation of basic economic concepts
	that are covered in Microeconomics, Macroeconomics,
	& International Economics essential to both business &
	non-business majors. Topics include, among others,
	household behavior & consumer choice, firm theory,
	income distribution & poverty, and globalization &
	international trade.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Life and Works of Rizal
Course Description	This course studies the life and works of Jose P. Rizal
	and their influence and relevance in contemporary
	Philippines society. It aims to deepen and to strengthen
	the student's sense of nationalism by making her fully
	realize her worth as a Filipino.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Basic Business Core
Course Name	Accounting I: Fundamentals of Accounting
Course Description	This course will cover introduction to financial
	accounting within the context of business and business
	decisions. It will explore the development of accounting
	information and the use of various types of accounting
	information found in financial statements and annual
	reports. It will emphasize what accounting information
	is, why it is important and how it is used by economic
	decision makers. Specifically, it will cover introduction
	to business and decision making, basic structure and
	development of useful accounting information,
	understanding the basic financial statements cash
	(balance sheet, income statement, statement of owner's
	equity, and statement of cash	flows) forms of outside
	assurance on financial statements; and analysis of
	accounting information.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Finance I: Basic Finance
Course Description	This course will cover an introduction to financial
	management. It will focus on what business firms should
	do to achieve their financial goal, which is to optimize
	the owner's wealth. Specifically the course will include
	discussion of the finance function, the operating
	environment of finance, key concepts such as time value
	of money, risk and return, tools of financial analysis and
	planning, utilization of funds and acquisition of funds.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Marketing I: Principles of Marketing
Course Description	This course is designed to familiarize the students with
	the principles and practices in marketing of goods and
	services. It is divided into five parts, namely: marketing
	and the Filipino consumer, products, price and the
	factors affecting price, place; and promotion of goods
	and services.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Management 1: Principles of Management
Course Description	This course deals with the fundamentals of business
	organizations and management. The theories and
	principles of organization and management, as well as
	their application in business and industry are thoroughly
	discussed. The functions of management (Planning,
	Organizing, Staffing, Directing and Controlling) and the
	different forms of business ownership with their
	strengths and weaknesses form part of the course
	coverage. The course covers the benefits derived from
	entrepreneurship and importance of social responsibility
	as another goal of business.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Management 2: Human Behavior in Organizations
Course Description	The course introduces the students to the factors
	affecting the behavior of individuals and groups in
	organization focusing on the specific factors that tend to
	explain behavior of individuals, groups, and
	organizations. Various theories and models of
	organizational behavior work group behavior,
	motivation in life and work, and human relations among
	others are discussed and related to organizational
	practices and phenomena.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Business Communication
Course Description	The course covers the different terms of communication
	used in business transactions. Students are taught to
	prepare business reports, memoranda, business
	proposals, minutes of the meeting, economic briefs, and
	executive summaries.
	Formal styles of communication are also covered in the
	course.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	English II
Course Name	Computer II-Business Applications
Course Description	This course covers introduction to basic programming,
	business applications and accounting enterprise systems.
	This will also cover an introduction to E-Business.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Computer I
Management Education Core
Course Name	Economics (Micro and Macro Economics)
Course Description	Introduction to the concepts and tools of micro-
	economic analysis. Micro-economics is concerned with
	individual economic units including representative
	consumers, firms, and markets. Topics include resource
	allocation, income distribution, and price, wage, and
	quantity determination in competitive and
	noncompetitive markets. Microeconomic analysis, based
	in models of the rational decision-making behavior, is
	applied to selected current economic issues.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Introduction to Economics with Land Reform
Course Name	Accounting II: Fundamentals of Accounting
Course Description	This is a continuation of the first course in accounting. It
	deals with transactions, financial statements, and
	problems peculiar to the operations of partnerships and
	corporations as distinguished from sole proprietorships.
	Topics include: partnership formation and operations
	including accounting for the admission of partners,
	changes in capital, and profit- and loss-sharing ratios;
	the conversion of an unincorporated enterprise into a
	corporation; accounting for incorporated enterprises,
	including corporate organizations, paid-in capital,
	accumulated earnings (loss), dividends and treasury
	shares. It will also cover the preparation of financial
	statements for internal and external purposes,
	accounting information systems manual and
	computerized special journals; understanding balance
	sheet, income statement, statement of cash flows and
	statement of changes in equity; financial statements of
	companies in the service, manufacturing and trading
	industries; and analysis of accounting information and
	decision making
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Accounting I: Fundamentals of Accounting
Course Name	Business Law I — Law on Obligations and Contracts
	with Real Properties
Course Description	This course gives the student an understanding of the
	legal concepts and rules governing the law of obligations
	and contracts and application of these concepts to
	practical problems. It covers principles of law regarding
	real estate with micro perspective on contracts, sales and
	transactions regarding transfer of ownership, mortgages,
	land use, development, rental and professional legalities.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Business and Real Estate Taxation
Course Description	This course covers accounting concepts, rules,
	regulations, and reporting requirements applied to real
	estate properties and development. It also discusses
	related tax tools and requirements for real estate
	transactions to include among financial statements and
	real estate investments.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Human Resource Management
Course Description	The course presents the various theories, practices, and
	practical application of human resource management as
	applied in real estate practice. It examines the role of the
	human resource professional as a strategic partner in
	managing today's business organizations.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	Corporate Social Responsibility and Good Governance
Course Description	This course is designed to inform and stimulate thinking
	on issues of ethics and social responsibility encountered
	in business. The material covered is intended to prepare
	students to recognize and manage ethical and social
	responsibility issues as they arise, and to help them
	formulate their own standards of integrity and
	professionalism. The overall course objectives are to
	increase awareness of the ethical dimension of business
	conduct, to contribute insight into the professional
	standards and responsibilities of students in their future
	careers; to develop analytical skills for identifying and
	resolving ethical and social responsibility issues in
	business; and to practice decision making about ethical
	and social responsibility issues
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Principles of Management
Professional Courses
Course Name	PS 1 — Real Estate Marketing and Brokerage
Course Description	This course covers the fundamentals of real estate
	transactions in practice and theory. This course includes
	basic principles for those planning to buy, sell or own
	real estate. Brokerage administration of a real estate
	business including appropriate Philippine real estate law
	and licensure, listings, title search, forms for closing,
	contract forms, and the broker-salesperson relationship.
	The concept of project selling and its actual
	operationalization will also be covered.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Principles of Marketing
Course Name	PS 2 — Legal Aspects of Real Estate
Course Description	This course covers contracts and conveyances in real
	estate including deeds, fixtures, contracts, real estate
	closings, foreclosure and redemption, land use controls,
	landlord/tenant relationship, cooperatives, and
	condominiums.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Business Law 1 — Obligations and Contracts with Real
	Estate
Course Name	PS 3 — Fundamentals of Real Estate Consulting
Course Description	The course will establish the key factors that influence
	the performance of the property sector and valuate how
	property as an asset class has performed historically and
	how it compares with other asset classes i.e., in terms of
	risk, return and correlations. Students will be able to
	identify the finer points in securing optimal performance
	from property investment by delving in depth into
	financing options and landlord-tenancy strategies.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Principles of Management
Course Name	PS 4 — Real Estate Planning and Development
Course Description	The course aims to promote understanding of the
	urban/rural real estate market structure, the process of
	real estate development, and the techniques of project
	planning and feasibility analysis. It emphasizes methods
	and procedures of size assessment, market analysis and
	financial analysis of proposed property developments,
	i.e., the various key stages of a developer's planning and
	decision making. The focus of this course will be the
	development of new income generating projects rather
	than the analysis of the potential acquisition of existing
	real estate assets. The course addresses the analytical
	tools employed into the two distinct steps that comprise
	feasibility evaluation: market analyses and financial
	feasibility.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite
Course Name	PS 5 — Real Estate Appraisal and Property
	Management
Course Description	This course is an introduction to basic appraisal
	principles including real property concepts and
	characteristics, legal considerations, influences on real
	estate values, types of value, economic principles, and
	overview of real estate markets and analysis. It also
	examines the ten Uniform Standards of Professional
	Appraisal Practice, ethics rules, and advisory opinions.
	Management of real property including fundamentals of
	tenant-management relationship, property
	modernization, property maintenance, leases, real
	property insurance, commercial property, industrial
	property, and advertising.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Accounting II
Course Name	PS 6 — Real Estate Consulting & Investment Analysis
Course Description	Students will learn how to identify how property as an
	asset class may fit into the investment portfolio of
	clients and analyze the risk and return potential of
	properties through case studies of property type and
	location.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Finance I
Course Name	PS 7 — Principles of Ecology
Course Description	This course introduces the environmental processes,
	issues, concerns and problems befitting companies,
	agencies and professionals in their ecological sphere
	both in micro and macro views and topics on
	environmental laws and regulations impact assessments
	on our natural resources. This course covers the
	Philippine real estate environment and its subsystems. It
	will also conduct comparative analysis of the ecological
	subsystems in Asia and world.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	None
Course Name	PS 8 — Appraisal/Assessment in the Government Sector
Course Description	Examination and evaluation of the exterior and interior
	components of buildings, structures and residential real
	property, which includes plumbing, electrical, Heating,
	Ventilation, Air Conditioning (HVAC), structural,
	foundation, roof, masonry or any other real property
	components.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Finance I
Course Name	PS 9 — Property Management System
Course Description	The course will enable students to learn approaches,
	tools and techniques in the preservation of property
	value and usable life, maintenance of its marketability
	and the optimal use of the land for profit.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Principles of Management
Course Name	PS 10 — Real Estate Finance
Course Description	Financing of real estate including types of financing,
	sources of financing, mortgages, mortgage documents,
	closing a mortgage, interest, liens, foreclosure, real
	property insurance, mortgage risk, principle of property
	value for mortgage credit, mortgage analysis, and
	construction loans. Implementation and practice of the
	Real Estate Investment Trust Law and securitization of
	real estate financial receivables including bond flotation
	and equity offering of real estate companies.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Finance 1
Course Name	PS 11 — Ethical Standards for Real Estate Practice
Course Description	The course will impart to students the established
	ethical/professional standards of practice and the duties
	of the real estate broker, appraiser, consultant and
	assessor to their clients, customers, general public,
	government and their fellow in the service practice.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Human Behavior in Organizations
Course Name	PS 12 — Real Estate Economics
Course Description	The course focuses on developing an understanding of
	the macroeconomic factors that shape and influence
	markets for real property. We will develop the theory of
	land markets and locational choice. The material
	covered includes studies of changing economic
	activities, demographic trends, transportation and local
	government behavior as they affect real estate.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Economics
Suggested Electives
Course Name	Human and Physical Geography
Course Description	The course is divided into two equal sections — Human
	and Physical geography.
	Human; — population, rural, urban and industry, case
	study on world development and health.
	Physical; — biosphere, lithosphere, atmosphere and
	hydrosphere, case study on urban and rural land
	resources.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Natural Science II
Course Name	Real Estate Brokerage
Course Description	The course will define the areas for brokerage namely,
	for consideration, sales, rental, exchange, negotiation for
	refinancing and options including the law of agency,
	creation of agency, types of listing, duties of an agent,
	termination of agency, commissions, salesman recourse
	to broker not principal, commission splits, office
	management and common violation and its subsequent
	penalties.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Real Estate Marketing and Brokerage
Course Name	Housing and Subdivision Development
Course Description	The course will cover the process involved in creating or
	evaluating proposals and applications for land
	subdivision, zoning alterations, servicing and utilities,
	access to public roads and other issues related to the
	improvement and development of land.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Property Management System
Course Name	Consulting for Specific Engagements
Course Description	The course will enable students to learn how to identify
	commercial, industrial, recreational and resort/hotel
	properties fit into the investment portfolio of clients.
	Techniques in analyzing the risk and return potential of
	properties through case studies of property type and
	location will also be discussed.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Real Estate Consulting & Investment Analysis
Course Name	Condominium Concept and other Specialized
	Development
Course Description	The course covers the conceptual considerations in
	building condominiums and special development
	projects including the matching of price offering to the
	target market, unit functionality, space maximization,
	projected construction timetable, on-time delivery of the
	project, sources and terms of financing, features and
	amenities and sales strategy.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Property Management System
Course Name	Internet Technology in Real Estate
Course Description	This course will introduce the student to many
	marketing uses of the Internet. Featured are both
	discussions of E-Marketing strategy and practice with
	Web page authoring skills. Projects range from solving
	e-marketing problems to interviewing a professional and
	creating a Web site. The student will be exposed to the
	development or evaluation of a strategic marketing plan
	for a real estate project or project mix offering on the
	Internet and development or evaluation of the company's
	e-strategy and web site.
Course Credits	3 units
Contact Hours/week	54 hours
Prerequisite	Computer 2 — Business Applications
Course Name	Practicum/Work Integrated Learning
Course Description	The course supports students embarking on their first
	applied practicum course in preparation for professional
	work as business practitioners. The primary instructional
	strategies used are self-directed learning, self-
	assessment, peer teaching and reflective practice. These
	concepts are woven together using sound instructional
	design methodology. The course is framed around
	carefully considered course goals and specific,
	achievable learning outcomes that focus on the higher
	level learning competencies.
Course Credits	3 units
Contact Hours/week	250 hours of on-the-job training
Prerequisite	Completion of All Professional Courses