PRC and DTI joint announcement for real estate service practitioners' renewal of licenses

Last Updated on by Jay Castillo | Filed under: - 29 Comments

Recently, the PRC and DTI issued a joint announcement on the filing of application for registration without examination with the PRC, for those whose licenses issued by the DTI have expired on December 2008 and onwards. This is good news for affected real estate service practitioners that include real estate appraisers, real estate brokers, and consultants. Please see below a copy of the announcement.


MEMORANDUM

For : ALL REGIONAL AND PROVINCIAL DIRECTORS/CARETAKERS

From : VICTORIO MARIO A. DIMAGIBA – Director

Date : 14 January 2010

Re : Announcement to Real Estate Developers and Real Estate Practitioners

_________________________________________________________

In reference to the attached self-explanatory announcement issued by PRC Chairman Nicolas P. Lapena and the above-signed, please disseminate the same for the information and guidance of all concerned.

Thank you very much.

ANNOUNCEMENT

TO ALL REAL ESTATE DEVELOPERS

& REAL ESTATE SERVICE PRACTITIONERS

“Pending the appointment of the Chairman and Members of the Professional Regulatory Board of Real Estate Service (PRBRES), pursuant to Republic Act No. 9646, all Real Estate Brokers, Real Estate Appraisers and Real Estate Consultants, whose licenses issued by the Department of Trade and Industry (DTI) expired on December 31, 2008 and onwards, are required to file their application for registration without examination under Section 20, Article III of R.A. No. 9644 [sic? 9646] from January 12, 2010 to July 30, 2011, stamped received by the Professional Regulation Commission and/or the PRBRES. Such application shall be deemed proof of authority for the lawful exercise of their profession until such time that the PRC and the PRBRES shall have approved it.

For the guidance of all concerned, the contact address of the PRC is P. Paredes St., Sampaloc, Manila,

Attention : Office of the PRB Secretary

________________________________

________________________________

Manila, 12 January 2010

(Sgd. ) NICOLAS P. LAPE?A, JR.      (Sgd.)VICTORIO MARIO A. DIMAGIBA
Chairman                                            Director
Professional Regulation Commission  Bureau of Trade Regulation
–                                                         & Consumer Protection
–                                                        Department of Trade and Industry

I am quoting below Section 20, Article III of R.A. No. 9646

SEC. 20. Registration Without Examination, Upon application and payment of the required fees, the following shall be registered, and shall be issued by the Board and the Commission a certificate of registration and a professional identification card without taking the prescribed examination:


(a) Those who, on the date of the effectivity of this Act, are already licensed as real estate brokers, real estate appraisers or real estate consultants by the Department of Trade and Industry (DTI) by virtue of Ministry Order No. 39, as amended: Provided, That they are in active practice as real estate brokers, real estate appraisers and real estate consultants, and have undertaken relevant CPE to the satisfaction of the Board;


(b) Assessors and appraisers who, on the date of the effectivity of this Act, hold permanent appointments and are performing actual appraisal and assessment functions for the last five (5) years, have passed the Real Property Assessing Officer (RPAO) examination conducted and administered by the Civil Service Commission (CSC) in coordination with the Department of Finance (DOF), and have undertaken relevant CPE to the satisfaction of the Board; and


(c) Assessors and appraisers who, on the date of the effectivity of this Act, hold permanent appointments and have at least ten (10) years actual experience in real property appraisal or assessment and have completed at least one hundred twenty (120) hours of accredited training on real property appraisal conducted by national or international appraisal organizations or institutions/entities recognized by the Board and relevant CPE to the satisfaction of the Board.


Those falling under categories (b) and (c) shall register with the Board after they shall have complied with the requirements for registration as real estate appraisers: Provided, That those seeking to be licensed to a new credential level shall be required to take the pertinent licensure examination.

Those so exempt under the aforementioned categories shall file their application within two (2) years from the effectivity of this Act: Provided, That the renewal of the professional identification card is subject to the provisions of Section 17 hereof.

While the announcement above is indeed very welcome news to those whose licenses have expired December 31, 2008 onwards, we still have a lot of questions left unanswered.

How about those who passed the most recent licensure exams but were unable to secure their licenses on time? How about those who want to get their new licenses as real estate service practitioners?

Your guess is as good as mine. I suppose we just have to patiently wait for the release of the implementing rules and regulations or IRR of RA 9646 which should be soon.

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
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Text by Jay Castillo. Copyright © 2010 All rights reserved.

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