Realty By JM

Salt and Light of Philippine Realty

PAREB’s Position Letter to PRC / PRBRES

 

Filed under: LAW, PAREB e-Bulletin, PRC, Real Estate, RESA IRR, , , , , , , , , ,

PRC Registration Without Examination

This was taken from SEC. 20. of the Implementing Rules and Regulations of Republic Act No. 9646, known as the “Real Estate Service Act of the Philippines”

An applicant for registration without examination must submit the following documents on or before 30 July 2011:

  1. Original and photocopy of Certificate of Live Birth / Birth Certificate (NSO), or valid Philippine passport, or any other proof of citizenship;
  2. Original and photocopy of Certificate of Registration (COR) and / or Professional Identification Card (PIC) or DTI Licenses;
  3. DTI Certification of Rating (for those who passed the examinations but failed to obtain their license);
  4. Original and Photocopy of NBI clearance;
  5. Duly notarized CEP / CPE Certification;
  6. Civil Service Commission Certification, DOP, or any other national government agencies, of GOCC Certification (assessors or government appraisers), or any certification of accredited seminar / training provider;
  7. Appointment papers and service records to prove appraisal or assessment experience (for assessors or government appraisers)/
  8. Original and Photocopy of Marriage Certificate / Contract of Marriage (NSO) (if applicable);
  9. Four (4) passport size colored photos with complete name tag in white background, original and photocopy of community tax certificate (CTC), and surety bond for Real Estate Brokers and private real estate appraisers.

View Application (click here) Courtesy of Realtor Manny Bocaling, PAREB National President

Filed under: LAW, Real Estate Broker, RESA IRR, , , , , , ,

IRR of RESA Law Published

The Professional Regulatory Board of Real Estate Service (PRBRES) / The “Board”, under the Professional Regulation Commission (PRC) / The “Commission” published the much anticipated and heavily talked about Implementing Rules and Regulations of Republic Act No. 9646, Known as The “Real Estate Service Act of The Philippines”.

After reading Realtor Mentor M. Bocaling’s facebook shoutout: ”

To all Real Estate Service Practitioners, the IMPLEMENTING RULES AND REGULATIONS (IRR) of R.A. 9646 is suppose to be out today at the Daily Inquirer and Star. Please grab your copy and go over the IRR.”

I immediately ran out and got myself a copy.

Rule.1.Sec.2 states: …and enhancing government income from real property-based transactions…  After reading this, my initial reaction was: “Oh no!  Does this mean more taxes for me?”

Then I reached: Rule.2.Sec.5.(h) PRBRES to safeguard and protect legitimate and licensed Real Estate Practitioners (RESPRAC) and completely eradicate the pernicious practices of unauthorized or unlicensed individuals;  My take: “I sure do hope so… I pay taxes to hopefully help the government clean the industry.  I’m happy to pay the government because ultimately they are there to protect me and my trade.  So, I encourage other RESPRACs to diligently and honestly do the same.”

What do you think dear brothers and sisters of the trade?  Are you willing to pay more taxes diligently and honestly to help our country and ultimately ourselves?


Filed under: LAW, Real Estate Broker, Real Estate Salespersons, RESA IRR, , , , , , , , ,

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