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PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE ResolutlDn No. 02

Series of 2010 IMPLEMENTING RULES AND REGULATIONS OF REPUBUC ACT NO. %46, KNOWN AS THE ~ REAl ESTATE SERVICE ACT OF THE PHIUPPINES"

Pursuanllo Section S, P), Article Uand Section 42. ArtJde V of Republic Act No. 9646, "An Act Regu!ating ttHl Practice of Rea! Estate ServK:e in the Ptlilippines. Creating for tfJe PulpOSe a Professiona! Re-g'Jlaicry Board of Rea! Estate -Service. Apptopria~ng Funds Th~efOf and for Other Purposes' , the Pro!~ional Regulalory Board of Real Estate Service. hereinafter called as Itle Board, after tM review • and approya! by tt1e Professional Regulation Commission, hereinafter reterred to as the Commrssi01l, . herety adopts , issues. (1M promulgates thrs reso!iIfioo embodying the foUowil19 Implemen~ng Rules anct Regu ~ations to carry out, ister, alid e!lforce the provisions of RA No, 9646,

RULE I TITLE OF THE RULES, DEClARATION OF POLICY & DEFINITION OF SECTION 1. Tit/e.· TIlese Rul~ snan be kflO\'>n as ~THE IMPLEMEN.TING RULES AND REGULATIONS OF REPUBLIC ACT NO. 9646," known as the "Real Estate SeMce Act of the Philippines', in

short, the '"!RR of RA No. 9546', ()( mefe!y ihe IRR. SEC. 2,

[)OO(1liftioll or Policy. - The Slale recognizes the 'lila! role of rea! estata service Ptaclitkl~ in the social. political, economic de'leiopmenl and progress of !he COtir"lUy by promoting the real estate market, $timulating economic activity aM enMncltlg gO'lemrr)efll income 1I'00I real property·based transactloos. Hence, it shall develop and nurture Ihroogh proper and effecUve regulation and supef\oiSion a corps of iech,'1ically competent, responsible and respectoo

professional real esiate sel\lice practilionere whose standards of practice and serliCe shall be globally compeli!ive and will promote the g:owth of !h~ real estate Industry, The 1M sMil be in!efpreted. construe
DsfiniNon of . - As used in the !RR, the following $hal! be undetS:ood to mean as follows:

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·Appraise( also known as valUe!". refers. to Ii perron who cooducts valualion! I appraisal; specifically, one who possesses the necessary qualifications, license, abilit'l I and ~)(~r"lce to execute Of direct the valualiootaPPf'
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'Assessor· fe~ers to an official in the locaI90vemmen1lJni~ '<\t.o performs appraisal and assessment 01 real propertJes, i~cludin9 plants, equipment, a/ld machineries, essenliatly fOf tOX<300n purposes. This definitiofl also im;h.u:les assistant assesscrs.

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"Real

refers to the land and al! !hOse items which are attached to the land. n is the physical, 1a119it:1e entity, together with all the additions or impro\'ements on. abo".-e or be10w the grouf'l
"Rea1 estate develQpnlent · project' means the development of land for residet\bal. commercial, irdus:rial. agrituttural, insblUliooal or recrealkmal purposes. or any combination of sud"l including, but nei liwjted to, lOOns! resorts, redarnatioo projects, building 01 housing projects, wnelher fOf indiVidual Of condominium ownership. memorial parts and olners of !;imilar nature "Rea! estate developer" refers to any n.atural or Juridical person engaged in Jhe Dusir,ess of developing real estate deveiopment prd,ect for hisJher cr lts own accourlt and offering them for sate or lease.

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'Rea! property. includes all the rights, interests and benefits re!ated to the wnership ot reai eslale.

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"Real estate service practitioners' shall refer to and consist of the following:

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(1) Rea! estate crosultant - a duly ed an
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who, for a

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profes.s.iOnaf fee, compensation 0; other '
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(2) Real estate appraiser - a duly ed and licensed natura) pei'SOil who, for a professional fee, oxnpensalicn or other vatuable consideratiOn, p€l"fcrtn$ or renders, or offers to perform S€rvices in estimaliog and arriving at an opinion of 0; acts as an expen on real estate ,
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(3) Real esiule aS5eSSOf - a duly ed and license
(4) Real estate broker - a duly ed and liteflsOO natural pe~OI1 wno. fOf it profess!Onal fee, commissloo or otl'.er valuable consideration, acts as an agent ot a party in a rea! ~tate transactkln to offer, , solicit, lis!. promote, mediate, negotiate Of effect the meeting of the minds on the sa:e, purchase. exchange, mortgage, !ease ¢l t ~'enttJre. m other sil1"1ilat transactiOns on real estate or ~ny interest therein. (5) Real estate salesperson. a duly accredited natural persoo 'htlo pertoons servlt.."e for, and in behalf ci a real estate brokElf .....no is ed and ~cen.m by the Professional Regulatory Board of Rea1 Estate ?erAce for or in expectation of a share in the commlssion, professiooa! fee, compensation or other valuaole considera!lon.

'Accredited and Integrated Professional Organization (AlPOt - the national fllegraled oryanizatm of natural persons duly legis~ed and rlCel'lSed as Real Estate SeMce Practiticlnm Ihallhe Board, subject to tOO approval by the C<muhsioo. s.iaII recognae IX acoedit as !he one
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"lfIterim Acoeiited Professional Ofganizatioo (tAPO)· - !he proI'e$SionaI organizafion accred!ted by the CorrlmissO'l ally 10 operate and perform acbvities Of acts poor to ar.:! unti the 18C('9f1I!i:rl or birth of !he AlPO as defined in h. above. RULE II PROFESstONAL REGULATORY BOARD Of REAl ESTATE SERVICE

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CreBboo and Composit.ioo of I/le Board. - There IS hereby crealed a ProJesslQOal RegtAaIoly

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Board of Real E51ate Serv.ce, hereinafter re(e"ed 10 a5 the Board, u"der the 5ll~eI\isiOIl and adrilistrative conlrol of the Pro.'essionaI RegtJIatioo CoI'M6sion (PRe), heremtler referred 10 as h! Cor'rr'r'issicr. COO1pOSed of a d'lairpersoo and four (4) ...ro Shall be appoilted by !he Ptes rel="nofollow">de<>1 of !he Phiippines !rom .... me (3) ~ choseI! by !tie CmmsSIOfl from a hi of &ve (5) OO'l'tiuees per position submitted by the acctedited and integrated professional organization of real estate seMCe practiOOoe": PlChided, That two (2J of the membeB of !he Board shatI represent the govemmem ass: ,500 and appraisers, who are bcfl ln adiYe gO'llemmel'lt seMc:e.

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The first Board shall be organind'loil!un six (6) mootIls fron the elfectMty of RA No. 9646 •

This provision shall be lmpIemenle(! in acccrdaoce 'Mth the guidefmes of Executive 0rtSer No. 496, :

Senes of 1991 on the selection, nomination, teCclItIl£ooalioO. and awanlmenl of those '10M wm fin i up any vacancy in tile Board. '

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and functions:

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PlOvide COI'1lXehensivt! policy guidelines for the pmroolion and development of the real eslaie industry in relation io the regulati01 of :he practice of the real estate SCfVice profession; Conduct licetlsurtl e:(aminalions fry the pr~ of the real estate service profession and prescribe the appropriale syllabi of the subjects for examination with their tables of

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$peci~catloos;

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BoaIrJ. - The Boart! is hereby vested the following SpecifIC poy.ers

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Po~ and Functions of the

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Issue, suspend, revoke or reins tate, afterdlle oolite and hearing, certificates of registration ; or professional identifICation cards for the practice of real esia:(t ,ervice; . (d) Maintain a comprehensive am! updated of licensed real estate service . professionals, (e) Monitor the coodrtiorls affecting the pr8Ctice of leal estate Se!VICe a(llj adopt such measures as may be proper fOl the enhancement of \tie profess!OO and/or the maintenance of high professional, ethical artd technical standards: If) Adopt a national Code of Ethics and Resp::lflSit:ilitieS issued by the AIPO to be Strictly observed by all licensed real estate s(tfVice practiiioners: (9) Hear ()f investigate any violation of RA No. 9646, the IRR and the Code of EtNcs and Responsibifitie$ for real estate service pl8CtWone,s and issue sutpoerul and subpoena duces tecum;o secure !he appearance 01 witnesses and the prodlJdion 01 documeots in conr:-ection therewiit'i;

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Assess and fix the rale of reasonable regulatory fees ; 1m) AdrtWuslel' oaths and atfin'natim5; (n) Adopt an official seal 01 the Boacd oMih \he interpretaDon 01 its symtds at1a,lled 10 !his Resolution and made an integral part thereof asAllnex ·A·; (0) Evaluate periodically the slalUS of teal estate service educatkJl and profP$$ion, and t8Q)!l'llnend ancVor adopt measures 10 upgrade and maiotain its high standard; (pI Prescribe guideines and criteria br Itle Continuillg Professional Education (E) program for real estate SeMCe practitioners ifl consultation with the acaedited and Integrated professional etgaOizaoon of rem estal9 service practitionerS; (q! Screen, issue and monitor penuits 10 organi'zations of real estate professionais in Ihe oorntucl 01 serrinars and accredit such seminars pursuant to the E program, as weiss • the instructors 0( lecturers therein. for the PUfpose of upgrading !he quality and kflowIe
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Safeguard 800 proIect legitimate and licensed real estale service practitioners and, in coordination 'M1h the. accredited and inlegr.t.ed professional organiza5on tAlPO) 01 reci estate service Plac~. l'OOIlitor al forms of actverosemefllS, announcements, . Signboards. billboards parnphfets. broctlures and others of sunilar na\1Jre concerning , real estate and, vAlere necessary, exercise its QU~ aod mislr.lli'ooe PONtI'S to fiIaIt)' and completety etadicatE !he pemciolS pr
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The po:icies, resolutions and rules and regulations issued or promul9ated by llie Board shall be subjecl 10 the review and approval by the Commission . HOWtl~&r, the Board's decisions, resollJlioos or orders wtlfch are net interlocutory. renderen in an fs\raUve case, shali be subject to rsvjew by the Commission only on appeal, in accordance with Republic Act No. 8981 and its Implementing Rules alto Regulations.

QuaUficalions oflr.e Chairperson 8M of the Boord,· The Chairperson and the of the Board shalt at the time cflheir appointment, possess tOe following qualJlcations:

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Term of Ofke.- The dlairperson and the of the Board shali ho~d office for a term 01 Itlree (3) years from the date 01 their poil'lw.ent and ul\!J1 tileir successor,'s sllall have been appoif1!ed: Promed. rnat the 01 !he firs.! appointed Board sha!: hok! office for the follO'Ml19lerms: one i 1) member as Chairperson. to SSM; for three (3) years; two (2) memrers, Ie serve lor two (2) years; and t-NO {2j , to serve for one (1) year.

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SEC, 7,

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Citizen and res~ent of the Philippines; , hokter of a bachelor's d~~ telateO to real estate; An active licensed practitioner of re.al esla!eservice for Aew classes or lectures in preparatoo /0( the litensure examinaton are being offered Of conducted; and Of good mora! characler, and mUSI not have been con'licted by final judgment by a compelent court of a criminal offence invol,ing mora! ru;pitude.

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SEC, 6.

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The Qlairperson aGd the Membefs of !he. Board may be reappdn!ed for a SSCOfiO term 1M in no case shall heJshe serve contiotlousty lor more than SI.J; (6) ye3rs. My vacancy ifllhe Board shan be filled fO!" the unexpired portion of the term 01 the member wnc >I
sec, 8, Compensalion arn1 Allowdnces of /he Chairperson am1 of the $owe.· The chalrperscm and the memhers of the Boord shan recei....e compensaiiOO and al!owances comparable to the

compensation and ;;I!IO'....aflces re<:ei'li!d by !he chairman and tile of exls~ngprcfessional regulatory boards under lhe Commission, as provio:1ed for in the General Appropriations Ac~ the Salary Standardization law. and !heJoifll CifCtllar Issued by theCommissioo and me Department of BOOget and Management 108M).

Removal of the Chairpersoo and of the Boord,· The t:ha:rpersoo 0; any member of Itle Boarel may be suspeflOed or removed by the Presiden: oi the Phi:IPpines. upon the recommendauon of the Commission snd after due notice and nearir,g in a proper istrative invest)galion to be COI\dOC!ed by the Ccmmission on the fOllowing grounds.

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grades, Of For any finaJ judgment Ofcoovlclion 01 any crimJna! offence irwolving moral turpitude

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Neglect of duty. Abuse 01power, Oppressiof"l, Jncompe:ence, Unprofessional, unethical cooducl, IrnlTlOJal or dishonoorable COOClJct Commission or toieratiOtl of irregularities in the cendue! of examination or tsmpeting of the

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sec. 9.

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The Commiss"ion in the conduct of the inves!lg8tI01l shalt be guided by Sec. 7 (s) of RA No. 8981 and ilS rules on is!l'stive investigatiOl'l. Su~rvision of the Boilfd,

CUstodian oJ!1S Records, Secrelariai and SUPPOIt Selvices, - The Boord shall be under the general supervision and adrninistrati"e control of :tie Commisston. All records of !he Board, including applications lot exam;nation, examination papers and results, minutes of delibefd\klfls, istrative and other inl'estiga!j~e cases . involving real estate service practitioners, shall be kepI b~ the Commission The Commission shall d€signate the secretar/ Of lhe Board a! the offi~e, Secretary, PrQfessiooa! Regu;atory Boards and shaU provide the socretari,at and other SiJpport serkes !o impierneni the provisions 01 RA No. 964.j SUbject to !he usual government ing and audiiing rules and reguiabons.

SEC. 11.

Annum RepM.- The Board shall, at the ctose of each ca~end;1( year. sllbmi! an armua! repalt \0 Lt.,e COOlrnissiorl, givillg a detailed actOl/n! of its proceedings and accomplishments durif19 !r,e year and reccmrnendin9 rneaslires 10 be aoop!ed With the end·in-vlew of upgrading aM improvil1l the conditions affecting the practice of rea! estate sef'l"i:e Wi t~e Philippines.

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SEC. 10

RULE III LICENSURE eXAMINATION AND REGISTRATION SEC, 12.

Licellsufe Exami{lalion.· Evt'ry applicant se<:king to be ed and licensed as a rea! estate

service prattikmer, except a real estate salesperson, shall undergo an examination 10 be given by the Board as provided fO!" ifl RA No. 9646. EXaminaCons for the praclice of rea! eslale seP/K:e io. the PhUppines shall be gt'len by the Board in sud1 places and <Jates as. the Ccmmissioo may designate in the Master SchWU le:S of &lard Licensure: Examinaoons for Professlooais for the year as tssuOO by the Commisstorl

SEC. 13. Scope of Examination. - The licensure e~aminatJOn for Ule applICants for real eslate brokers, real estate appraisCfs and rea! elate consuNants snali cover. but not limited to. Ine tollo'hirog

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Fundamentafs of real estate pmcipJes and practices; Slandards and etlIics; Theories and priroDies in appiaisal, ...man.m pl>ysCal_r.

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Fundamentals of real estate CO!lSuttm9: Standards and ethics: Consulting tools and tOChfHQUes. vJllcninclude pto)&ct feasibiil1y study and investment measurement loos; Real estate finance and emnctlt'CS; Real estale COf":sulting and ~1vestmenl analyses; Coosultmg for spedfic engagement, ....ttlch IIlducles coosuiling for a:mnerCla~ industrial. recreatioo and resort and hotel ~, and consultltig for government and corporate and financiallnstiiutions: Land management system and real property laws; and Any OIher related subjuts as may be det€i1l1llE.'d b'lltle Boatel.

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real estate consultants:

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lhluaIion. procedures and resean:tr Appraisal of mac.'1inery and 00Ulpmef!1: Pr3cticaI appraisal rnathemati:s;

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9. """~'" """'" wm1ng; 10. Real. estate frtance and """",·",,,,";' ,lcs". 11. Case studies; 12. land man39,,,er,oelEnl system and real PfOIlarty laws: and 13. Any oCher rel.aled subje.ts as may be delenrined by the Board, and

FUf'ldarnenlals of property ownership; Code Qf ethiCS and responsibities· 3. legal requ~remertts for real emit) seMCe practice, 4. Rea! estale brokerage~: 5. Subc:livision de--.'eIopmeflt 6. Coodornioium cooc:epI and ""ott"",er types of real esla/e ~s' 7 Rea!estate fitla!"lCe and EICOOClI"I'lICS , 8. Basic poncip!es of e<::oIog,; 9. Urban and rural land use; 10. Planning. deo.-elopment and zoning: I. 2.

11 . legal aspect of sale, mortgage and lease; 12. Documentation qnd regls!ration. 13. Real property laws and Ia~ation , and 14. My oittef le!a!ed s~bjects as may be tJelermined by the Board.

To conform 10 technological and modern developments, the Board may fe·cluster, rearrange, moddy. add to, or exclude any of the fcrl!9D!llg subjects aM Ihel( syllabi \'Jim tables of specifications as may be necessary,

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Oualification of Appficaflts fc< Examinations.- In order to be itted 10 the licensure ~amlflalJcn for re.1! estate service, a camlklate at the time of filing htSihcr application. shalf establish 10 the s.atisfaclion of the Board ihat hef~ possesses the following qualificatiOns:

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A holder of a re!e'lant bachelor's degree from a state unlVSfSlty Of coUege. Of other educabonal institutIOn duly recognIzed by the CHEO: Provided, Tnal helshe !las completed at leas! one hundred twenty (120) credit units 01 real estate subjects and trainIng from accr~:ted service providefs, as may be determined by the Board: ProvIded, further. That as soon as a course leading to a Bachelo(s degree in Real Estate SefV.ce IS lmp!emeOied by !he CHEO. the Board shall make this course a reqUIrement for tak.ng tM licensure ell.amirlation. Is 01 good mcra! character, and must not have been COtWlCted of SOy cnme invdving moral

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All applicarll for the licensurs ex~ tor real ~tale ooosultanis must show proof lhat heIshe has at least len (10) years: ~ as 3 IICeI\Sed real estate bro;;er. or a'l assessor, 01 as a bank, Of irtShtulional appraiSer, ex an empIo~'ed per1OI'I perfolll~ng feal piopely valuaOOn., 01 alleasl flve (5) years mpeliCroc:e as iii licensed real es!a!e ap}lfiltSer

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A citireo of the PhiSppines,

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Onginal and phOlrJCq>y of Birth CertIficate or Celti6cal.e oIllYe BIrth (NSO) and I Of valid Phdtppine pssJXKt, or any oller proof of atizenship, ClBJi'IaI and photlCOp'J' of b
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AI appiica!JOns far eX3flWlatiurl shan be &led ¥Ath the Board WhO shall 3SSE1S and approve said appIicaOOrls aod issue 10 the qualified ~ the corresponding peiiMs or notices of acmssion to take sUCh examination upon submissi:tt oIlhe foIki'X1Ig document!..

SEC. 15. R8(ings in the &aminabotI.- In order Itlal a candidate may be deemed to have soccessfun, ed the exammatlon, he!She ITkJSI have obta..l ed an average of at least sevemy·five percenl (75%) in ail subfects, '*-h no rating below fifty pt'(Ce.1t (50%) in any sub;ect. The Board may adopt its own internal procedure on the irnpIeTenlation of Iflls provision. The reports of raUngs may be disrriQuted to !he successful e:ulmlnees during their mass oarIltaking. SEC. 16, Release of the Results of Exaffll(lsiioo.- The tesults or It!e licensure examination shall be released by the Board ....'thin ten (10)days Iromltlelasl day of Itleexamlnahon. Th~ fesull shall be published in a daily major newspaper of 9enernl cilt!til3tion and PRC website. SEC. 11. /ssuan«l of the C9!fi!lcafe of Regislf8fion and ProfeSSional/dentific811Ofl Cam.- A certificate ct registration shali be issued to e;canljrlee5 who the licensure eX8mt1latlOO for real estate

ServiCe practice. subject to payment of fees prescnbed by the Commission. The certificate of reg1stratioo sha* bear the signature of ihe dlaU'f)er$OO: of the C~sion and !he Chairperson and !he merrbers -of !he Board, stamped Yoilh the oI'idaI seal of the CornrnMion, indicating t1a1 !he petSOn na~ iler.w IS entitled 10 practioe Ihe prow SSilOtl With al !he berdts and pm.,1eges appurtenant there-.o. thIS retlficale of registr<Jtion shaI remain III run force cw:I eI!ed until revoked Cf suspended II acwdance >Mth R.A . No. 9646.

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A Pwlessialalldentif.calion Card beating the reglSlration number. dale of iSSUBflC2 and exPiry date, duly signed by !he chairperson 01 the CoImliSSIon, shan likewise be issued 10 e'iefY ragistrant upoo payment of the required fees The professional idenlll'icallOO cant shal! be renewed every three (3) yealS and upon satislyfrlg the reqUIrements of the Board sllCh as, but not limited to. a!lendanee in the E pro'Jram.

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SEC. 18. RafusBi 10 Regls/W., The Board shaD not and issue a certi~le of regislratkln to any SUCCi" sstu! e~amlnee who has been CO'witted by a·court of canpelent jurisdiction 01 any criminal offense involvltl9 moral turpitude or has been found gu~ty 01 imrTlOlai or dishonorable oondUtI after in~ligation by me Board. Of has been found to be ~ically unfit.

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procurement of a cerufica:e of reglSb'ation and/or professional Identification card, or specia!ltemporary permit by traud or dece~: Allowing an -tlnQualirled person 10 advenise or to practice the profession by using one's certificate of reglSl1300n or professiMaI identificatiorl cart!. or specia!l!~31)' pew lit; UnphJkssional or unethical conduct; Ma!:praciice a violation of any of !he prOVISions of RA. No. 9646, the 1M, and the Code of Eltucs and Respooslbiitles b" real estate 5eMCe pt"acIltioneB: 8ild Engagi1g Ifl the PllII:tio:e of ihe prolesSOl dumg ihe peood of one's SUSpensiOn.

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SEC. 19. Rewcat.ioo Of Suspension of the CetJ6care of Registrafion and I/Je ProfesOOna: Jdentmc.ation C8trJ rx CanceNatioo 01 Pew';:'· The Board may. after giving proper noti<:e and hearing 10 the party cooceme
issued by the Convnissioo: shal ~ the hearing Ot i..owesbgation ollhe case, subted 10 !he appi!¢able pro'o'lSlJOS of RA No 8961 . RA No 9646, aod the Rules of Court; Ptowled, That the suspension or revocation 01 lhe CertJficale of Registration and Pro~essionalldentific2tion Card, or the cancellation of the Tempo:xarylSpeciaI Permii of the resporKfeot professiooal shall not prejudice his /her prosecution tor criffilna) liabilities and the imposi~on of the penalties ul'lder R.A. No. 8981 , AA No. 9646, under the Revised Penal Code, 6r any orner special law.

The rules M

istra~ IIW~tigation

SEC. 20. Registration ~ Examina/ion. ~ Upon appHcatioo and paymenl 01 the required fees, the 1dIo-Mng shall be regl$lered. and shall be ISsued by the Board and the Comrntssioo a certificate 01 registratIOn and a proJessionai identificatioo c.aro withoul takilg the prescribed elaITIirIa!lon:

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Those ....tIose. on !he date of the eleclh'ity of RA No. 9&¢6 or as of 30 July 2009, are

as real estate btokers. real estall! ..ppr.n" Of real estate IXlfI5jJltants by !he Oepanmen. " T..... and Industry (On) by wrue " .......try oro.. No. 39. as ~tead,.1iceosed

amended. f'roi,iOed, Thai !hey are In active prac!ice as real estate brokers. real estate 3pp!"<usefS, and real estate consultants, aoo that they have undertalleo relevan( Con~nuing ProIesslOOal Education (E! or Coolil'luing EdtlcOOon Program (eEP) \o:he satisfaction of tt'1e Board: Provided, furth er, ThaI the fo!lcwil"!g practitioners shalt be allowed to

My hOlder of it vaij(i OTllicense.1'AlO has earned fifteen (15) ~lir'!ui~ EdlJCatOO Program (CEP) Of E credit units; Those..m had f
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30,2011. Those ~ had ed the 2009 & 2008 licensure e~minaboo$ g;ven by the on but who haC faied to obtain tfleir license upon the etlecfiv;1y of the RA No. 9646 and ...mo have earned fifteen {lS) CEP Of E cre
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Assessors and aPPl'atSefS who, on the dale of the effectMty of RA NO'. 964S or as 0130 July 2009, hotd pemlBnenl apPO!fltrr,cnts and are performing actual appraisal and assessment furlC!!ons mr tM last 6\'e (5) years. have ed !he Real Prope!'ty AS$e$slng Off!Ql( (RPAO) examiflatiol1 conduded and istered by the eiva Service COmtl1!S$iOfl (eSC) III coordlnahon With the Oe?ar.menl of Finance (OOF), and ~ave undertakef1 relevant E 10 the sal1sfacbon of \tie Board; and

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Aihided. firla/1y. Th8f real estate practitioneB fa!bng under the abo.e de!Clibed categOries wOO fail 10 compty WIth the necessary E requ::ena>'\ts ..,tntn !'M:l (2) years alter the etrec&.'!Iy of RA No 96<:6. 00 Of before 30 July 2011 . shall be requJ'ed :0 take ihe Board iceosure eJ(amlllat;ofj lor real emte service pr.K:titulers:

•

(e)

Assessors and appraJSefS \\1lC. on the date of the etlec:ivily of RA No. 9646 cs as of 30 July 2009 !-,oId peflnaoen! appcwItments and have a1 ~ len (lO) )'eatS actual expenence irI real ptOpefty appr~al Of asSSS'iornent and have COfl'lPle'.ed alleas.l one hundred :wenly (120) !'lours 01 acoedited ~ on real properly appra!S3I oondocted by nabonaf Of Inlemabonal appt31Sa1 organlZ3OOnS Of mtKutlOllsler!t:!le5. dtIy certified by the DepaFtul€\1t of FlOance (DOF) « any Oiher pertinent nalooal govemmeoi agencies or Go~-ernmen! (Mlled and Controlled Cct'poraIlOnS (GOCC) as tne case may be, recognized -oy lIle 8oaro and relevant E cred:1 uflits to the satisfactlon of !he Board

Those falling UI'lOOr calegones (b) and,te) shall registe' Wltlllhe Board atler L'ley sha1 have compiled "";!h !he raquII'9fneOIS for registration as rea! estate appraisers. and ha'-le oompIeled twenty loot (24) E cted-t unItS Premed ThaI \tlose sce~lng to be licensed to a new credeotJalle-.el sha~1 be required 1,0 take the pemne"lt 80atd hcer.sure exatnmaooo for real eslaie SeMCe pracblJOOeJ1 Those SO exertllt unaer the a;orementJOCleCl categOOes shall fife mel!" ~llOO Wlthil MtI (2) yws from the effectMty of RepublIc: Ad No 9646 or unl;i :xl July 2011 . ProvIded, Thallhe renewal of the profess.ooal identiflCalion card IS subtea to ihe p!'OVtSmS 0( Section 17. Art. III of R. A No. 9646

/vi applicant lor registration Y,lMt Willill'lalJO(l mus1 sobr'M me fo!Iowmg oocumenlS'

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port. or any oIhef proof of cruzensh;p; 0Ji0;na1 and photocopy of CerllflCa!e of ReglstJaoon (COR) and 1 or ProfesSlOO3l ldentificalioo Card (PIC) or OTlllcEnses, OTI Certification of Rating (fa those ...tc ed the eGfTinaIions bot {aile j 10 obtain their §wise), Ong;nal and photocopy of rJ81 Clearance, Duiy tlo!arize
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SEC.21, Rewlatemer.t. RrHssuance or Replacement Gf Certificate of RegJstratm Professicmal ldentJ/icatOl Card and SpecJaVTempot1Jfy Petmit.- The Soan:! may, aftef the e~ of I'ItO (2) years /rom !he date cf revocatIOn of a oertJficaIe of 'egJSltaiion and/or pcofessiMalldeoliflcafion card, and upon application and COI'Tllian<::e wth !he required E units, and lor l€asOl'lS deemed ptOpef and sufficient. rl!Vlstate any ~¥Oked ~ficate 0( regiSCJatial and reissue a suspended pofess!Onai tden~§Catm card and Ifl SO doing, may, in its discreoon. exempt !he applicant from. !aIuog am:ther examonallon; Provided, That !he Board shaillSSt)e a resoIutlOll $Ubjed: to the a;.proval of tt)e CcmrrIssl)Il in granting a petibon for jelnsiatemenlto the practice ~ real eslate seMce professat Anew cernfoc.ale of regisll'ation. profess.otlal identifl.~ation card or s~ry pen1lIt may be issued 10 replace Iosl, destroyed or rruiilale
SEC. 23. Issuaoce of Spec;alflemporary Pcrmft ,Upon appl~hO!'l and payment of !he reqUired tees and subject 10 the approval of lhe Comrrussoo. the Board maY 1ssue 5pecjal~ary permit to real eslate service pr3clit.onels from bf6ig'n countries whOse sel'.'ices are urgently needed in the absence or una'laitabilily of local leal estate serYl::e practitioners for the purpose of promoting or enhanctflg the pracbce 0( ltJe profession 11\ L'le Phl~ppmes.

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RULE IV PRACTICE OF REAl ESTATE SERVICE

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SEC. 24, FaJllign ReciprocI1y. No foreign reat estale SeMce piactitior.er shall be adnitted to !he flCef\SUfe ex8!TIInalion. be gi\lE!(! a certlficale of regrstratioo or a professicrull identification card. be issued a SpeCIaIITempool:)' Pemlit. Of be enlltled 10 any of the ptlYiteges under RA No. 9646 and the IRR unless the coonty of v.tIlCh heIshe is a cifzen of speofK:ally aIows ~ real estate ser.iCe practVoolelS to praCtice WlIhI'I its Iemtcr;ailirrits 00 the same basIS as the Clllzens of $uch fCl"6I9'l oountry' Pro'itd:(ld, That the !f<J1de!nes therefor ISSUed by the CoovMsIort. 01 by the 80attI su~!O approval h¥ the Coomssioo. shal 9C_sn Itle prcMsions of the forBgoIng-sec. 23 and of I!ie herem Sec 24.

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SEC. 25. Oitl/t· AI surressful e.l.a!'l"MflEeS QUa~1ied for reg~tralion. all qua/if,ed applicants for registralioo without e:Kaminalion ar.d accredited sa~e5petSOOs slkil be required 10 lake an oath betore any member of the BoarO or any ob of me Commiss:oo duly auttu;lflzed by itIe Commission to l(lister oaths pnor to enlenng .nto the pracl!ce of reaf esla!e semce in !he Phj~PPlfleS . Provided. That the rr.ass oathtakJrlg of the fOfegOOlg mOl)' be in~iated and sUpeMsed by the Board!n coordination with the AIPO.

ProfessionaJ Indemnity IflSurance!Casn or Surely Bond,· All real estate brokers and private real estal(: appraiSers shall, in addItion 10 lhe oalh re~erred 10 in the preceding section, be required to post a plOfessiooal indemnity insu(anceicash .or surety bond, In an amoont \0 be Det.erTnlned by the Board, which If! no case shalJ be less than Twenly thousand pesos (P20.000.00), wl1hout pr~dJCe to the additIOnal requirement or the client It wiU be renewable "'"'Y _ (3) Y""'.

SEC. 21.

Ads Cor.sttvl'Ulg Ihe Prad/Ce 01 Real Estate SeMce.. Any Mgle ad or transaction embraced wilhin tile pn:1VlSioos of Secbon 3(g) Rule II hereof. as Pdformed by real estate seroiCE! practJtiorJets. shal coostitute an ad of ertgaglf'lg mine prat'Aice of teal estate 5eMCe.

SEC. 28.

&empbons from the Acts Constituflng Ifle Practice of Re81 Estate SIt't1ce.• RA No. 9646 and the lRR shaD not apply 10 me 1oIkYMng:

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SEC. 26.

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The provisions of

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ArlY !=~cn a>::i.inr purSuant to the ordCtl' of any court of !us!\:-e; Any persoo who is a duly ccnstituled atlomei~n-fact fur purposes of sale, roortgage, leaS€ or exch<mge, cr olh('.( si~I(lf CM!raClS of real estate, 'l,~!hOlJ! req"mr-e ilny form of oomp<;nsatkr.

or remutum!oon; rum Public OIfu::ers in .IDe performanoo of

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official dl!:ies arK! tJ:!lctom, except govemmeflt

aSS€SSOfS and 8waisefs. ProIlibif,ioo Agai!lst /lIe U,18!s1flcnzed Practice of Real Estate S&'ice.- N-~ P€fSOO sholl practice 01 offer to pradice re2l €S"iale.seMre in the Philippines Of effer r;lmseIDherse.'f asreil: estate service practilioo&. Of use me title, v.urd, letier. figure or any sign j.er.ding -!a C/.X'fYf')j the impression that

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national govemm€'l1\ entty or b::ai govemmem unit, un!€ss r,eis.'le has sailsfaC/ooy j)..'lSSOO !he fcensure exarrir..a!i::;o jven by !tie Board, eXC29t as ct.~ pro'med in RA No. £t45 and !he !RR is a tickler of a '1a1.;C .::eru!i!::<:fe oj regIsi:ation a."ld ;mfessional !der,fification cam or a valid speciait lempaary ~ duly issued to him~ by !tie Boad and the Ccrnmission; and, L'I the case of real estate brokers and priva';e appraisers, me-j ha\'e pak! the required hood as pm'i.ded for in Rp.. No.

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Pos.funs in Government Requkirlg !he Ser.?ces of ed ar:d Licensed Real Es!ate Service PracJilionent - Wi:..~in Itree p) years frtm the e~ectivity· of RA No. 9$45, ali -exlsling and new posilioos

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in me na:ional ar.d local governments, whetne: C holding pe!Tll<.lnenl appoJntments shaN continue io perfurm their funclioos Vl'ithCUl need klr re-appo'ntmellt and wi!h~t diminution of staws, (<¥tk and salary glade, ,;lIld shaH efljoy secUrl~j of tenure. Ho-.vever, they may not be prornoled to 9 highe!' IX)SUon unt:! tl'.ey meet tr"~ qualificatlon requirements 01ihal higher position as herein prescribe:!, NcM'flg i:n RA No. 9646 and the IRR SM:I be cttl"$:tJei to redllce any t·ene-El infe!"est, or right ooiC't'lX! by the irlCumtlents at the~me of the &la:::trr.-eni of RA No. 9646. The appoin~ng 8uUxmly sha:~exercSe his power to appoint the assessor in aa:oroanffi with the provisiom of RA No, 9646 and the JRR only 'tihen a ",acarmy

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SEC. 30,

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d Real EsbJe S'!5 .. e~· Fa- real esta:e ~ no ~ shall be g...en, but they shaI be acoer:tae by h! Boafd. prot.!4ed Iha: tley ~ OOnplCl9O' alleasll'A(l !2) yeasd CCr.Ege and hao'e urdei!p1e bai WIQ and serrwwrs of at msi ~'lC11'E! (12) cedi tn!S III real estate btoia'8ge. Those saIesper5CJlS ~ ate ed with be On'HlURB or (bl£f saIespetsms ...00 ere il l'le active ",alICe b' at least three (3) yeaIS. as may be t:eItified by a licensed W-ef a a real: estale ~, ptlr 10 fte eftedriity 01 RA No. 9646 may also be aued!ted by lhe Board anti 30 Juty 20'1. ACL'tJed, tuIler. Thal. 1L'I both cases. sudl Real Es!ale Sa!espersoos ~ I\a'o'e un6:wgooe at ~ ere hurded t !ate broker shall be guilty of vida~ RA No_ 9646 ~ the IRR b emplo~og or utilillflg It!e Ser¥lCeS of a real estate salespernon \\fIen heishe has not secured !he t9Q1Ji!'OO oc.cre:!it
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No saIespetsoo sha'! be entitled <0 receive ordemaod a lee, ~ Cf~aIion 01 arly kild from any ~. oItler trt3/l1he duly licensed real esllte troker ~ has Qrect con:rnt .MlCI superv.sic1l over hin. b- any serwice rf!Ildered«~ done try SUCh salespEfSOfl ll 1!lrf real es:ate Iransaclicn

CotpQlKe AClG<'i:eolthe Rea Fsrate Semce. No~CI caw f"flshal ergage n

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SEC. 32.

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No violation oIlhlS ptO\1SIM ShaB; be a cause b- rEMX.aIICIIl « suspensi(I'I (j Irie certifica:e of regrsratKn of II'le real estate bdler I.i!1Iess tl'Iefe was adl :' kno~ of $Jd'I ~ CK !he I::r.:lker fela!ns !he beI1efus. ptt,15 IX procaeds d a 114151.. 11.... oo:,n;;fuIy negOIia!ed by tle sa$esp:tsoo

In case of resignatloo Of termination from employment of a teal es12!e service ptactitiOll(>tf the same shan be reported by Ihe emploYe! to the Board withlo a pericd not to exceed fifteen (15) days from the date 01 etlocb-.;ity of Ole fcsignalloo or terTnlnabon. Sub)E<:l to me pro'l'isions o! the Labor Code, a corpor.tlkln or partner!hlp may hire !he service! of regiSlered and licensed real estate brolo:ers, appf'alSefS Cf consultants 011 cotnm)5sion basis to perform real estate set'-1ces aod the latle! shall be deemed Ifldependent contractors and not employees 01 sUCh corporabons. •

, SEC. 33. ()splay of L.ICellse in lhe PJace of BusItJess.. Every reg;stered arod licensed rea! estate seMce prac&1ioner shall estabksh and malf\ta!n a pnncip3t place of business and such OCher bra.'ICh ofIices as may be necessary, and shall conspicuously ~1 !hell"" Ule a'lg!l'ial andior certified !rue copies of hisi'her certificate of tegtStra'.ion
SEC. 34. AccJ&dllalion and lJl!egratkm of Real Es!ale Ser<.7re AssociatiOns.· All real estate sernce associations shall be integra~ed imo OIle (1) national OI'ganization , which snaU be recognaed by the Boom, sobjec!: to L.,e approval of !he Commission, as !he only ac(redited and integrated professional orgalllza\K)(1 of rea! estate servICe practlttooers pursuant io PRe Res. No. 20(}4. \78, 5efies or 2004 Areal estateSCl'o'lCepI'aClltJontrdulyreglstered wlih the Boardshallautanatical!ybecoo'le amember of the acaedited and int:egfated ptOtessional orgar..zalion of real csta'.e serviCe pcacti!icr.ers and shaD I'eCelYe !he benefits and pmi!eges awurtenanl therelo; ProYided Thai the Board. subject 10 approval by the Cornfr6s!On. shall ISSue a ResoIutlCr! 00 !he membt'fshlp an
practitioners. Code 01 Ethics and Responsibiibes (OT Real Eslale Sef\'Ice PractiJonefS.- The Beard shall adopt and pt'l)InJIgate the CQ$e of E!hIt::s and ResponshWies for real estate ~ praclilloners wtuch shall be prescribed and issued by the accredited and Ltltegfale
SEC. 36.

Continumg ProtsssiOrlsl fdlJl"...aIion rE) Program.- The Board shaii i!.eveIop. prescribe and promulgate gUldelmes 0I"l E upon ccflsultation ....llh the accredIted and inlegtaled professIonal organization of real estate service practmoners, d asSOCIation of rea~ estate seNice practillOflers and olher conceme-d sedor~, and III accordance with suCh po!ic:es as may have tlee!1 pte$C11000 by tile Board, subject 10 the appro>'al 01 the CommISSIon The Soard shall create a E Cooocil that shall be composed of a chalr~oo comll"lg from ,he Board, a member from the accredited and integrated professiooal organization of real estate service practitioners and a

Enforcemenl A,ssistan«J 10 ·the Board.- The Board shaU be assisted by tr.'t! Com:mSSIOl'l in carf)'iOg out the provISions of RA No. 9646 and the IRR and other pokdes. The lawyers of the CommISsiOn shall act as pfClSECJlors aga.~t Illegal ptaCtitioners and o:;er violators of RA No. 9646 hi the tRR. The duly constMed au:horities of the governmel1l ~ bkewise assISt the Board and the ComnJssron IfI enforo,'lg toe prOVlSIOOi of R.A. No.. 9646anrl the 1M.

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SEC. 31.

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member 1/0!'I1 the acarJeme .

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SEC. 35.

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SEC. 38. Indica/lon of the CertifIcate of Regis(talJO(l . ProfessmaIldefItif1cafian Carl:M.icense 1Wmbet. Pn'iJege Ta.( Re<:8fpf (PTR) t./l.Jmbef, and kaedJ1ed lIJIegrated ~ (Xganlzabon (AJPO) Mmtber - Real esb!e service prar::litiorIers sha1 be reGuired io indule the certificate of regisua!icn. protesslonal identiflcat.oo card, PTR 1)U'T()er, and AtPO member'stlIp and lot receipt numbe:, and !he date of ISSUance and the duraoon of vaIid.ty on the dcoJ!!'lefI~ hefshe slgOs. uses or issues $I'! conne : IlO/'l with the practice of hlSffier profesSion RULE Y PENAL AND FINAL PROVISIONS

SEC. 39. Penal Provisions.- A!ty vioIatio."1 of RA 9546, indudIng violations oj \tIiS IRR. shall be meted the petlalty of a line 01 001 less !ha!l one hundred thousand pesos {P'OO,OOO OO} or lrI'1p1'1SOfImenl 01 nolless than!'Ml (2) years, or both suCh fine and IlllPf/Sonment upon the discretioo of the court. In case !he >'ioIatlOl'l ls commllled by an unlicensed real estate SetV1Ce pr8Cf!tior:er, !he penalty shall t>e.oouble the aforesaid fll'le and impnro;l1l16!ll.

If! CflSe Inf! Vloialion is committed, by a parmmhip, corpora60n, association or any other Juridical p€fSon. the partnel, DresK.lent. directOf Of manager who has commiUe
SEC. Ml.

ApproprIatIOns.· The chall'pefSOO of the Profes5looal RegulatIOn Corr.mISS!(l(! shali tmme<1!3!e1)' inClude in lie Commrs!lOrl'S programs the Iffiplementalloo 01 RA No 96d6 and tr'Ie IRR /tie funding of whtdI shal be II'Iduderl If! !he annual General Appropnabons Act afld !hereafter.

SEC. '1.

days ~ the e~J".ity of RA No. 96016, !he OTi . Bureau of Trade RegtJla!Jon and Consumer ProtectlOO {BTR} shall transfer aft pert:nenl records documents and omer ;natenals 10 troe Professional Regu;atory Soard of Real Estate

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Implementing Rtie:s and Regt.Jlatioos.. \'{l".h!n 511: (6) monlhs afta' the elfectvily of R.A. No, 9646, Ihe ~ioo . Iogettoef Wl'JI the Board and the accredited artd inteQraled professional organizauon 01 real estate seMce pracutioners, !he Oeparimenl of Fmance, and the CHED. shall prepare the neCE'Ssary rules and regulallO!lS, iod ..diog !he Code of ElIlieS ar.d Respcr1S:OiIrties lot reill eslale ~ pracllliorlers. ~ed to Implement the proislOflS of RA No. 9G46 The Board shall issue and promulgate a resoIuiion for the 1M subject to review aoo appl'O'lai by the

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Separability Clause.- If any cl.a:;s.e, sentence, paragraph or part of the IRR shall 00 declared uncons6lUhcoa! Of !l'\valid, SlJch jtidgrr.e;t shan not affett, inva~date or impair any other pan the-roof

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SEC. 43.

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NOthing in RA. No. 9646 and 1M IRR shan be COI1.SlfUed Of inlefl)t"e-ted to effect Of pre\'ent the pracoc.e of any other profession ~al!!, leg.dated by an'j other profess!OIlal regulatcry !aw.

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SEC. 44. Repealing CJ8Use. 1

Secbons 3{e) and (eel of Act No. 2728, as amended by Act No. 3715 and AcI No 3969, SeCbiJ,'\S and 413 of Itle local GovemmenI Code of 1991 (Republ';cAct No 7160). and p€!rIlnenl provtSIOOS or L"Ie Civil Serw::& Law ill"e hereby mo::!lfOE!d actofd;ngjy. All laws, decrees, execullve CIders. depart.'l1e!'l1 Of memorandum O!dem aod other adrTllllstratr..e tssuances or pa~ thereof wh.ch are iru:UWs!en1 w.th tre pI'OVISQ'IS of RA No. 9646 an1 ! 01 the IRR a:e hereby iOOIfdied. superseded Of tept'8'2 j aa:ordin.gly.

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SEC. 45. ElfedMy' ThelRR shallilke effedafter fifteen (15) days IoIIcIWlg i'.s tuB aod~ete puhlra!Jon itllhe Off'.aaI Gazer.e Of ItI a rr,a-p dar/ newspaper of gene!a! On::ula1lOn in the PiliIippines

Done in me City o~ Manila this 21*' day of July, 20H).

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C;,~

,-----

eDUARDO GuTieRREZ /ONG

Chairman

SANC.CHOA

MON C.F. CUERVO III Member

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RLOS G. ALMELOR

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Professional Re9ulatoly Boards

APPROVED:

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~r~l:ary.

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ATTESiED BY:

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LR~::~

CommissIoner

NPLJfASAlNlRJEGOiRCFCIBCCfRMf!FCDtCGAlClE:belh

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OFHCIALSEAL ()f'TIlK PROFFM<;i:iJONAl. Rf!.GUl.XrORY BOARO

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or It:(AL ~"'TAT£ SER.VICf: (PR.IJRIi:S)

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R~idmUaI. Il¥Iustr~L

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p:'aC!lti<>Dcn 1..:h U 1'Q1 owe oomuttants. ,ul ~ app'3$cn,. real C$!a\C "d"sC$SOf$. and real e5!a!C broten &:

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