To become a licensed real estate professional in the Philippines, individuals need to meet the following qualifications:

• Be at least 18 years old.
• Have completed at least two years of college education.
• Successfully pass the Real Estate Broker Licensure Examination conducted by the Professional Regulation Commission (PRC).
• Comply with other requirements set by the PRC, such as submitting the necessary documents, fees, and clearances.

The fees and commissions charged by real estate professionals in the Philippines can vary depending on various factors such as the type of service, the value of the property, and the agreed-upon terms. Common fee structures include:

• Listing fees: Typically a percentage of the property's value, paid by property owners to list their property for sale or rent.
• Brokerage commissions: A percentage of the property's sale or rental price, paid by the buyer or tenant to the real estate professional for facilitating the transaction.
• Property management fees: Usually a percentage of the monthly rental income, paid by property owners to real estate professionals for managing and overseeing their rental properties.

When engaging in real estate transactions in the Philippines, it is important to consider the following legal and regulatory aspects:

• Compliance with the Real Estate Service Act of the Philippines (RESA), which regulates the practice of real estate professionals and protects the interests of consumers.
• Verification of property ownership and the authenticity of land titles through the Register of Deeds.
• Compliance with tax laws and regulations, including payment of capital gains tax, documentary stamp tax, and other applicable taxes.
• Disclosure and transparency in real estate transactions, including the provision of accurate and complete information about the property and any encumbrances.
• Use of written contracts or agreements that clearly outline the terms, conditions, and obligations of the parties involved.