PRC Real Estate Broker Exam Practice Questions - PRC Real Estate Broker Licensure Examination Exam

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Under Section 26 of RA 9646, a real estate broker must post a professional indemnity insurance / cash or surety bond in an amount set by the Board, but in no case less than what minimum amount, and how often is it renewed?

Not less than ₱20,000, renewable every three (3) years Not less than ₱5,000, renewable annually Not less than ₱50,000, renewable every five (5) years Not less than ₱100,000, renewable annually

Correct Answer:

Not less than ₱20,000, renewable every three (3) years

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