QUESTION: Sir John, I want to earn money in real estate. Kailangan ba ako kumuha ng license?
ANSWER: Dalawa lang naman yan eh, either you EARN or you SPEND. EARN or SPEND. EARN or SPEND. Those two will determine if you make profit or loss. My dear, LICENSE is under the category of SPEND, and it is very expensive to maintain a license (lalo na pag PHILRES ang Interim AIPO). Kung gusto mo lang magkaroon ng PRC Card, magpa license ka, but that won't guarrantee that you will earn. In fact, the moment you show to the buyers that you have a PRC Card, they will get scared because of the general perception that Brokers are "gahaman middleman". So, remember, LICENSE is an EXPENSE ITEM.
QUESTION: Sir John, I already have a Broker License, but I have no office yet. Part-time ko lang kasi ang pagiging Broker. Bakit wala akong na close na transaction?
ANSWER: You have a license, but no office. In short, you are an opportunistic FLY-BY-NIGHT. We are advocating against fly-by-nights because it is a hazzard to consumers. Useless yang license mo pag hindi mo kaya mag maintain ng office.