Comments on: Real Estate Service Act of the Philippines (RESA) Signed Into Law, Real Estate Brokers’ Licensure Exam Postponed

By: Hsyhkjhkhas

Hsyhkjhkhas — Wed, 11 Jan 2012 07:45:00 +0000

Hi, I just want to ask regarding the real estate salesperson. It says that the deadline was January 2, 2012. Does this mean that I can no longer apply as a salesperson? Or those deadlines was only for the real estate agents who has DTI? Just asking. TY

By: RESA LAW IRR published last July 24, 2010 — Foreclosure Investing Philippines

RESA LAW IRR published last July 24, 2010 — Foreclosure Investing Philippines — Mon, 19 Dec 2011 06:31:03 +0000

[...] and published RESA Law IRR. For a brief background, please also refer to my husband’s previous post for a copy of the full text of the RESA Law and its salient points.The main goal of the RESA Law [...]

By: bed and breakfast

bed and breakfast — Fri, 28 Oct 2011 08:08:39 +0000

@taxconsultantdavao, Will their be other seminars other than davao? How about seminars here in Luzon? I wanted to attend seminar like this, but your location is somewhat far from me.

By: taxconsultantdavao

taxconsultantdavao — Tue, 11 Oct 2011 01:11:00 +0000

DAVAO REAL ESTATE BROKERS SEMINAR (VENUE: DAVAO CITY)

for those who are interested in joining a real estate seminar for brokers in davao city, please be informed that DACAREPI will be conducting a seminar in davao city this coming November 5, 2011 and for 8 saturdays thereafter. ( venue for the seminar in davao city will be announced Next week).

** For those who are planning to take the PRC LIcensure exams for real estate brokers next year, Please keep in mind that you will need to attend
a face-to-face real estate review in order to get
a notarized Certificate of Attendance. The PRC
requires this before they will process your
Examination Permit. ( 120 UNITS REQUIRED)

you may contact her directly for reservations and inquiries.
Mrs. Genoveva (Kayking) Pajes
Cel no. 09276857252

By: Real estate brokers exam postponed… again?! | Foreclosure Investing Philippines

Sat, 10 Sep 2011 05:31:43 +0000

[...] 2009, the real estate brokers licensure exam scheduled for October 2009 was postponed when the RESA was signed into law. This time around, I can only assume that the brokers exam was postponed to give more time for [...]

By: carlos

carlos — Tue, 06 Sep 2011 04:25:17 +0000

Hi, I work for a Real Estate Development Company. I am their Marketing/Commercial Manager. The owners are not Licensed Real Estate Brokers and according to RA 9646, our company must have a licensed real estate broker, however, I read also that we may hire the services of LREB. So is there a need for any of us to be LREB or can we just hire services every time we have transactions?

Please clarify

By: John Petalcorin

John Petalcorin — Sat, 04 Jun 2011 22:57:01 +0000

Every real estate marketing place of business (office or branch) must be “manned” by at least one Licensed Broker. The maximum number of salesperson a broker can have in a single office is twenty.

Reference:

RA 9646 SEC. 32. Corporate Practice of Real Estate Service. (C) Branch offices of real estate brokers, appraisers or consultants must be manned by a duly licensed real estate broker, appraiser or consultant as the case may be.

SEC. 33. Display of License in the Place of Business. Every registered and licensed real estate service practitioner shall establish and maintain a principal place of business and such other branch offices as may be necessary, and shall conspicuously display therein the original and/or certified true copies of his/her certificate of registration as well as the certificates of registration of all the real estate service practitioners employed in such office.

By: Riaan

Riaan — Fri, 03 Jun 2011 16:50:57 +0000

hi jay! I recently converted my license with prc. I had been a registered broker since 1999 although recenly I have not been active in selling properties because of my day job. I’d like to ask if I could make extra money out of my license just like what our pharmacists do? They just sell their licenses to drugstores so the drugstores can operate. Can I use my license for the same purpose, using it for real estate offices to operate?

By: Jay Castillo

Jay Castillo — Sat, 21 May 2011 16:11:06 +0000

Hi Bhevs, the Real Estate sales person should file a complaint with the PRC and/or HLURB if his broker violates the code of ethics and/or the law. With regards to the status of the release of the commission, I don’t see any reason for a salesperson to be unable to know if a buyer has already paid the required downpayment for the release of the corresponding commission, and he can also talk to the person-in-charge with the release directly right?

By: bhevs

bhevs — Fri, 20 May 2011 04:58:23 +0000

Hi Sir ,

Regarding that RESA Law i think the benefits will goes all through out to the broker .
The Real Estate Salesperson dont have access to update about the status of the buyer as well as the status of commission release .
What will happen to those Licensed Real Estate Salesperson if their broker is dishonest
most specially to commission release? Where can they seek for help?