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Ever since RA 9646, more commonly known as the RESA Law, took effect, getting a real estate license has become a big deal, at least for those who don’t want to violate the RESA Law. But how do you verify if someone has a valid real estate broker license or realtor license? I believe one [...]
RESA law
The guidelines for the PRC accreditation of Real Estate Salespersons was finally published last August 16, 2011, through Resolution No. 13 (Series of 2011), of the Professional Regulatory Board of Real Estate Service or PRBRES. The said resolution is an amendment to Section 31, Rule 4 of PRBRES Resolution No. 2 (Series of 2010), which is the Implementing [...]
This is Part 2 of a series about the questions that were asked during a panel discussion in the recent Manila leg of the Money Summit and Wealth Expo 2011. This post tackles the question on which way to make money in real estate is recommended. If you missed Part 1 of this series, you can [...]
If you are engaging in the practice of real estate service for properties you do not own, and you are not a duly licensed and registered real estate professional, chances are, you are violating the RESA Law. If you want to be sure you are not breaking the law, I urge you to continue reading. [...]
If you are a DTI licensed real estate broker, appraiser, or consultant covered by the “grandfather clause” of the RESA Law, then you don’t need to retake the licensure exam to get your PRC license. You just need to register with the PRC, provided you are qualified, you have all of the real estate license [...]
The “Grandfather clause” of the RESA Law is the basis for the registration without examination of DTI licensed real estate professionals with the PRC. The Grandfather clause is Section 20, Article III of R.A. No. 9646, also known as the “Real Estate Service Act of the Philippines”, and Section 20, Rule III of Board Res. [...]
This is a guest post by Ronald Cagape of LivingCasflow101.com The RESA law is a comprehensive law intended to professionalize the ranks of real estate service providers – brokers, agents, appraisers, assessors and consultants. However, this law has cast some doubt on the practice of buying and selling real estate. Let me share with you [...]
I received information from a very reliable source that the much anticipated real estate brokers exam and real estate appraisers exam which are to be under the PRC have been postponed. The real estate brokers exam schedule was apparently set for December 5, 2010, while the real estate appraisers exam follows on the next day, [...]
The much-awaited Implementing Rules and Regulations of Republic Act No. 9646, known as the “Real Estate Service Act of the Philippines” or RESA Law was finally published last July 24, 2010 in the Philippine Star, and will be effective fifteen days therefrom or on August 8, 2010. Click here for the full text of the [...]
The Professional Regulatory Board of Real Estate Service or PRBRES has announced a public hearing and consultation for the Implementing Rules and Regulations (IRR) of the Real Estate Service Act of the Philippines (RESA)/ R.A. 9646 on June 9, 2010, Wednesday, 8:30 AM, at Hall C, Philippine Trade Training Center (PTTC), Sen. Gil Puyat Ave. [...]
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