A Real Estate Investment Trust or REIT (pronounced /ˈriːt/) is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may…
hi Mike since all Phil. Real Estate matter including licensing was transferred from DTI to PRC - Phil. Regulation Commission due to the new law (Real Estate Service Act Law REP. ACT 9646) we are waiting for the Implementing guidElines from the board…
Exactly Mike. Accountability is the first thing we are striving for here and the new RESA Act is just our opening punch. It will be up to our elected officials to enforce this new law and all the contents of it. Open Forums, Blogs and all other form…
Thank you Maris.
Here's my take on this issue and I hope others can add to it.
A license is not a guarantee of character but it promotes accountability. A licensed broker will at least think twice to do bad things since it may cost him his license…
If real estate clients will deal with Realtors or certified real estate licensed brokers with the newly Real Estate Service Act - Rep. Act. 9646 they are seccured and protected by our government to finalzied scrupulous licensed brokers with certain…
We are inviting all Real Estate Unlicensed agents to apply licensed at Philippine Regulation Commission soon coz this is already a LAW and we are required to abide this law and be part of us as a Licensed practitioner.....we welcome unlicensed agent…
hi, before almost all developers hired unlicensed agents coz the REAL ESTATE SERVICE ACT - Rep. Act. 9646 was signed by Pres. Arroyo last July 2009 into LAW, this is a new law and still waiting for the Implementing guidelines upon the appoinment of…
Perhaps someone can answer this.
Why are real estate developers in the Philippines allowed to hire and pay unlicensed agents? Are these agents paid a salary, commission or both? What is their employment status with these developers? Are they employ…
This is so obvious. If you don't have a license, of course you will say negative things about licensees. If you do have a license, you will be against practitioners without a license. That we all know.
But the main issue remains that the law requir…
While I agree with Antonio that a license is not a guarantee or reflection of character, it does not mean we should violate the law by operating without a license.
The real problem in the Philippines is the selective, unequal and weak enforcement o…
THE IMPLEMENTATION OF THE RESA REP. ACT. 9646 will eradicate the unlawful unlicensed practice of real estate SLOWLY soon...thru PRC, though it will take time to implement this law but the rule of law will prevail, Coz the PHILIPPINE REGULATION COMMI…
Hi Maris,
It will be more helpful if you specify those benefits and "protection". What is the consumer recourse for erring real estate licensees in the Philippines? How exactly are they protected?
Realtor MARIS TABOR
Real Estate Broker License # 20224
Asiaworld Homeleisure Realty - Owner
Manila Board of Realtors Inc., Pareb - Member
Contact; + 639196923588
Email: asiaworldhomeleisure@gmail.com
Website: http://asiaworldhomes.moonfruit.com
MABUHAY ! Wherever your travels take you in our 7,100 islands, you will experience the unique charm of this historic land. People are naturally warm, friendly, & hospitable. Filipinos zest for life has made us world-class professional human resource, living assures you of comfortable lifestyle this side of Asia. We provide you the best in the Philippines for Overseas Migrants Filipino, Balikbayan & Expats to own & invest House & Lot, lots only, condominium, condotel, beach Leisure rest house, farm lots, club membership shares,time shares and all REAL ESTATE Properties in NCR, major cities, provinces & ANYWHERE IN THE PHILIPPINES.......
SECONDLY, Im an active member of NGO - Scalabrinian Lay Association Of Overseas Migrants Filipino/Philippine Migrants Watch/CBCP-ECMI. Our main charism is to give FREE Pre departure orientation seminar to different schools, organizations and OFW'S center. Extending legal and moral assistance to all distress OFW's around the world thru our co advocate partners. We also formulate project proposal modules and values formation to different local areas of OFW families. We welcome volunteer members to help our OVERSEAS MIGRANTS KABABAYAN. Our center is located at Scalabrini, 8th St. New Manila Quezon City.
The Philippine Migrants Rights Watch is a registered civil society network that was established in 1995 to encourage the recognition, protection and fulfillment of Filipino migrants’ rights - both in the Philippines and abroad during the entire migration process. The objectives of PMRW are the following:
To carry out education, lobbying, and monitoring activities toward the recognition, protection, and fulfillment of the rights of all Filipino migrants and members of their families before departure, during migration, and upon return.
To monitor respect for and expose abuses of Filipino migrants’ rights toward the pursuit of justice.
To disseminate information among migrant workers and their associations, and in dialogue with them.
No problem Maris. All us Licensed Brokers need to take a stand with all the Government Agencies until something is done. Let"s all hope the new Act will accomplish this.