PhilRES New by-Laws

7/27/2019 PhilRES New by-Laws

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Amended Articles of Incorporation And New By-Laws

Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated

13 July 2011

Page 9 of 94

Amended Articles of Incorporation And New By Laws


13 July 2011Page 9 of 94

173

174

NEW BY-LAWS175

of the176PHILIPPINE INSTITUTE of REAL ESTATE SERVICE177

PRACTITIONERS (PhilRES) INCORPORATED178

179180

181

182

ARTICLE I.183NAME184

185

Section 1.186The name of the non-stock corporation shall be PHILIPPINE INSTITUTE of REAL ESTATE187

SERVICE PRACTITIONERS (PhilRES) INCORPORATED which, for purposes of these New188

By-Laws, is hereinafter referred to as PhilRES.189

190

191192

ARTICLE II.193

OFFICE194

195Section 2.196The principal business office of PhilRES shall be at PHALTRA bldg., #139 Matahimik St., UP197

Village, Quezon City, Metro Manila 1100, Philippines or at such other address/place as the198

National Directorate may designate from time to time.199

200

201

202

ARTICLE III.203

DEFINITION OF TERMS204

205

Section 3.206

When used in these By-Laws, the following terms shall mean as follows:207

208

A. NATIONAL BOARD OF TRUSTEES- refers to the National Directorate of PhilRES209

composed of twenty-one (21) members/trustees who are duly elected during an Annual210

General Membership Meeting & Elections representing the regions from National211

Capital Region1 (NCR1), National Capital Region2 (NCR2), South Luzon, North Luzon,212

Visayas and Mindanao.213214

B. NATIONAL OFFICERS - refers to the officers of PhilRES composed of the twenty-215

one (21) elected trustees/members.216

217

C. CHAPTERS refers to the PhilRES Local Chapters organized nationwide within the218

regions of NCR1, NCR2, South Luzon, North Luzon, Visayas and Mindanao upon the219

acceptance by the National Directorate as such, are duly organized and existing in the220


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various geographical and political subdivisions in the Philippines, the membership of221

which are composed of Regular Members.222

223

Membership in a Local Chapter and payment of the required association dues/fees are is224

one of the mandatory requirements to be considered as a bona fide and Member in Good225

Standing.226227

D. LOCALCHAPTER OF CHOICE refers to the Local Chapter where the individual228

member is a Regular Member. As such, and where said member has the right to vote and229

be voted upon as a Local or National trustee/officer or trustee thereof or of PhilRES.230

231

E. PhilRES-National refers to the national administrative secretariat office of the232Philippine Institute of Real Estate Service Practitioners (PhilRES) Incorporated.233

234

F. MEMBER IN GOOD STANDING refers to a Regular Member with a valid Real235Estate Service Practitioners license and Professional Identification Card and who has236

paid his/her annual/lifetime association dues to his/her local chapter. An Accredited237

Salesperson listed under a licensed Real Estate Broker and with a valid Salespersons238

Accreditation Number and Identification Card issued by the Professional Regulation239

Commission (PRC), and who is updated in the payment of his/her PhilRES annual240

membership dues (referred as Annual Dues for brevity). A member in good standing is241

also one who is a member of a LOCAL CHAPTER OF HIS/HER CHOICE as certified242

by the LOCAL CHAPTER Secretary and as attested to by the LOCAL CHAPTER243

President.244

245

G. Kindred Organizations - refers to the existing, SEC registered and incorporated kindred246and allied real estate service organizations, whether of local/national in scope and247coverage, who performs services which are supportive or may complement or augment248

the plans and programs of PhilRES.249

250

The Kindred Organizations are, but not limited to the following:251

Institute of Philippine Real Estate Consultants, Inc.252 Philippine Association of Realty Consultants & Specialists, Inc.253 Institute of Philippine Real Estate Appraisers, Inc.254 Philippine Association of Realty Appraisers, Inc.255 Northern Mindanao Association of Real Estate Appraisers, Inc.256 Institute of Public Sector Appraisers of the Philippines, Inc.257 Real Estate Brokers Association of the Philippines, Inc.258 Philippine Realtors Foundation, Inc.259 Chamber of Real Estate Builders Association, Inc.260 National Real Estate Association, Inc.261 National Real Estate Association-Cebu, Inc.262 NAR Philippines, Inc.263 Philippine Association of Realtors Boards, Inc.264 Philippine Association of Local Treasurers & Assessors, Inc.265


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Philippine Association of Municipal Assessors, Inc.266 Philippine Association of Assessing Officers, Inc.267 Philippine Council of Real Estate Educators, Inc.268 CREBA- Research, Inc.269 Subdivision and Housing Developers Association, Inc.270 Organization of Socialized Housing Developers of the Philippines, Inc.271 Philippine Allied Chamber of Real Estate Brokers and Licensed Salesmen,272

Inc. (PhilAcre, Inc)273

Federation of Real Estate Brokers Associations in Region 3274(FREBA R3), Inc.275

Pareb Constituent Member Boards276 Rebap Local Chapters277 Phil-Global Association of Realtors, Inc.278 NREA Chapters279 SUPRA280 SIRCRO281

282

The existence, cognizance and acknowledgement of the functional relevance and283functional utility of these Kindred Organizations depends on the importance of their284

works and cooperation that are supportive or may complement or augment the plans and285

programs of PhilRES. This, however, does not in any way grant them automatic286

membership rights and privileges with PhilRES.287

288

PhilRES may at anytime add or remove any Kindred organization from the list hereof,289

for whatever reason, and may engage their services that will serve the best interest of290

PhilRES and its general membership.291

292

293

H. COLLEGE of FELLOWS - refers to active and exclusive members within the sectoral294category of PhilRES, who have been elevated to the status of "Fellow". These are295

composed of a select group of licensed real estate practitioners who have consistently296

paid their annual membership dues on time, for at least five (5) years and who have297

distinguished themselves in the practice of the real estate profession.298

299

300

301

ARTICLE IV.302

GENERAL MEMBERSHIP303

304

Section 4. Types of Membership305 A. The Types of Membership of PhilRES consists of:306

307

1. Regular Members308

a. Founding Members309

b. Charter Members310

c. Ordinary Regular Members311

d. Senior Members312

e. Emeritus Members313


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2. Associate Members314

a. Salesperson Members315

b. Kindred Trades Members316

317

318Section 5. Regular Members319

The Regular Members of PhilRES are:320321

1. Natural persons who are licensed and registered real estate service practitioners who have322

been duly licensed and recognized by the Professional Regulatory Board of Real Estate323

Service (PRBRES) pursuant to the provisions of Section 20 Article III as applicable of R.324

A. 9646, and its Implementing Rules and Regulations, and;325

326

2. Those who have been admitted by PhilRES as a Regular Member pursuant to the327

provisions of Sections 14 and Section 34 Article IV of R. A. 9646, and its Implementing328

Rules and Regulations, and Section 19 Article IV of PhilRES By-Laws.329

330

331

Section 6. Founding Regular Members332The Founding Members of PhilRES are:333

334

1. The Honourable Member of the House of Representatives who is the principal author of335

Republic Act 9646, and its Implementing Rules and Regulations and who is himself a336

duly licensed and recognized real estate service practitioner namely:337

338

a. Hon. Cong. Rodolfo G. Valencia339

340

341

2. The first Board Members of the Professional Regulatory Board of Real Estate Service342

(PRBRES) namely;343

344

a. Hon. Eduardo Gutierrez-Ong - Chairman;345

b. Hon. Bansan C. Choa - Member;346

c. Hon. Ramon F. Cuervo III - Member;347

d. Hon. Rafael M. Fajardo - Member;348

e. Hon. Florencio C. Dino - Member.349

350

351

3. All members of the Convenors Group who became Regular Members of PhilRES352

regardless of their date of admission as bona fide members of PhilRES. They are those353

who are, who were registered and licensed as such pursuant to Section 20 Article III of354

RA 9646, and its Implementing Rules and Regulations, and whose names appear in the355 Roster of Real Estate Service Practitioners Registry of the Professional Regulation356

Commission (PRC). Provided, they have filed their applications for licensing without357

examination with the national, provincial and/or regional business offices of the358

Professional Regulation Commission (PRC) on or before the close of business offices on359

30 July 2011.360

361

The Convenors Group is composed of distinguished Real Estate Service Practitioners,362

who have shown exemplary performance and leadership to his/her fellow practitioners in363


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the real estate profession. Moreover, the Convenors Group are those who have acted364

with a moral duty and obligation, to perform to the best of their ability, the functions, and365

capabilities of a real estate service practitioner.366

367

Further, the Convenors Group are those who have acted in the best interest of their368

respective organizations and their members and those who have exercised and have taken369

into consideration the constitutional rights of members guaranteed under Section 8 of370Article III of the 1987 Constitution of the Republic of the Philippines.371

372

The Convenors Group are the distinguished ladies and gentlemen Presidents, and/or373

Chairmen of the Board, and/or Members of the Board of Directors/Trustees and/or374

Officers of the following real estate service associations and organizations:375

376

Institute of Philippine Real Estate Consultants, Inc. (IPREC)377Enrico Melchor G. Sevilla - President 2010378

Amelita E. Sarmiento - Chairman of the Board 2010379

Juan B. Dayag - Vice President 2010380

381

Philippine Association of Realty Consultants & Specialists, Inc. (PARCS)382Domingo De Vera - President 2010383

Victor Salinas384

Carolina Alvarez385

386

Institute of Philippine Real Estate Appraisers, Inc. (IPREA)387Roche U. Rigos - President 2010388

Ernesto M. Angeles389

390

Philippine Association of Realty Appraisers, Inc. (PARA)391Dr. Mary Gaw So - President - 2010392

Filipina Tuazon393394

Real Estate Brokers Association of the Philippines, Inc. (REBAP)395Jose Julius M. G. Topacio - Chairman 2010396

Evangeline M. De Jesus - Vice President for MIS397

Josefina D. Magumcia - VP Internal398

399

Northern Mindanao Association of Real Estate Appraisers, Inc. (NORMINAREA)400Pilar Torres-Banaag - President 2010401

402

Philippine Association of Realtors Boards, Inc.(PAREB)403Pilar Torres-Banaag - President 2010404

Tomasito Academia - Chairman of the Board 2010405Jocelynn Coronado-Sison - Secretary General 2010406

407

Chamber of Real Estate Builders Association, Inc. (CREBA)408Florentino S. Dulalia, Jr. - President 2010409


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13 July 2011

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National Real Estate Association, Inc. (NREA)410Marissa P. Magsino - President 2010411

Alejandro S. Maalac Chairman 2010412

413

National Real Estate Association, Inc. Cebu (NREA-Cebu)414Abundio C. Gultiano, Jr. - President 2010415

416 NAR Philippines (NAR)417

Moises Canayon - President 2010418

Elizabeth Villareal - Vice President419

Atty. Pagunuran420

421

Philippines Realtors Foundation, Inc. (PRFI)422Jane Saguinsin - President 2010423

Ma. Teresita B. Canlas - Executive Vice President 2010424

425

Institute of Public Sector Appraisers of the Philippines, Inc. (IPSAP)426Joselito C. Caballero - President 2010427

Genaro N. Flores Vice President 2010428

429

Philippine Association of Local Treasurers & Assessors, Inc. (PHALTRA)430Nelson P. Quiambao - President 2010431

432

Philippine Association of Municipal Assessors, Inc. (PAMAS)433Mario G. Magcalas - President 2010434

435

Philippine Association of Assessing Officers, Inc. (PAAO)436Nelson E. Parreno - President 2010437

Gener R. Sison - EVP438

439 Subdivision and Housing Developers Association, Inc.440

Jose De Guzman441

442

Philippine Council of Real Estate Educators, Inc. (PHILCORE)443Amelita E. Sarmiento444

Florentino S. Dulalia, Jr.445

446

Organization of Socialized Housing Developers of the Philippines (OSHDP)447Linda A. Tan448

449

Asian Valuers Association (AVA)450Federico F. Cuervo451

452

SUPRA453Filemon Saromo454

455

SIRCRO456Arnulfo Canaria457


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Federation of Real Estate Brokers Associations in Region3 (FREBA R3), Inc.458Araceli S. Cauguiran - Past President 2009459

Edward R. Tolentino460

461

462

4. The Founding Incorporators/Trustees and witnesses to the Articles of Incorporation and463By-Laws PhilRES.464

465

466Section 7. Charter Members467The Charter Members of PhilRES are all those Regular Members of PhilRES, regardless of date468

of admission as Regular Members of PhilRES, who are registered and licensed real estate469

service practitioners as such, under the provisions of Section 20, Article III of RA 9646, its470

Implementing Rules and Regulations and those whose names appear in the Roster of Real Estate471

Service Practitioners Registry of the Professional Regulation Commission (PRC).472

473

474

Section 8. Senior Members475

Any Regular Member, Associate Member or new member of PhilRES of the age of sixty five476(65) years shall be considered as a Senior Regular Member or Senior Associate Member of477

PhilRES.478

479

Senior Members enjoy all the rights, privileges and responsibilities of a Regular Member and480

shall pay only eighty-percent (80%) of their annual membership dues and/or any other481

assessments.482

483

Senior Members may only lose their membership with PhilRES on any of the following484

grounds:485

486

1. Final conviction of a crime involving moral turpitude or fraud;4872. Removal for any valid/legal causes or for violation of PhilRES By-Laws.488

489

490

Section 9. Member Emeritus Members491A Member Emeritus is a Regular Member who have been in good standing with PhilRES492

continuously for at least twenty-five (25) years with an untarnished record of loyalty and493

exemplary service to the organization.494

495

Regular members may be conferred the title of "Member Emeritus" upon written496

recommendation of the Committee on Membership and the Committee on Awards and upon497

approval by the National Directorate.498

499 Member Emeritus shall enjoy all the rights, privileges and responsibilities of a Regular500

Member. They shall be exempted from further payment of annual membership dues/fees and any501

other assessments, provided, they present their renewed valid PRC Professional Identification502

Card and to be able to exercise the right to give and receive proxies, to vote and be voted upon.503

504

Member Emeritus Members shall have the privilege to use the title "Member Emeritus".505


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Member Emeritus Members may only lose their membership with PhilRES on any of the506

following grounds:507

508

1. Final conviction of a crime involving moral turpitude or fraud;5092. Removal for any valid/legal causes or for violation of PhilRES By-Laws.510

511

512Section 10. Ordinary Regular Members513Ordinary Regular Members are those Regular Members who are not classified as Founding,514

Charter, Senior, Emeritus nor Fellows of PhilRES.515

516

517

Section 11. Associate Members518Associate Members are natural persons engaged in kindred trades or occupations in the real519

estate industry such as, but not limited to accredited real estate salespersons.520

521

An accredited real estate salesperson is a natural person listed under a licensed Real Estate522

Broker, who performs service under the supervision of the latter, and who have been admitted523

by PhilRES thru the LOCAL CHAPTER OF CHOICE of his/her principal broker as a524Salesperson Member pursuant to the provisions of Rule 2 Paragraph 2 of PRC Resolution No.525

2004-178.526

527

The National Directorate may from time to time, subject to prior approval by at least 2/3 votes528

of all Regular Members in Good Standing voting in a referendum, in a Special Membership529

Meeting for the purpose, may approve membership of other kindred trades or occupations530

which may possibly be classified under the category of Associate Members by PhilRES.531

532

533

Section 12. Sectoral Categories of Real Estate Practitioners534Sectoral Categories of Members shall refer to and consist of the following:535

536

1. Real Estate Consultant - is a duly registered and licensed natural person, who for a537professional fee, compensation or other valuable consideration, offers/renders538

professional real estate services on the following: (i) acquisition,539

enhancement, preservation, utilization or disposal of lands and including the540

improvements existing thereon; and (ii) the conceptualization, planning, management541

and development of real estate projects;542

543

544

2. Real Estate Appraiser or Real Estate Valuer - a duly registered and licensed natural545person, who for a professional fee, compensation or other valuable consideration,546

performs, renders, or offers to perform services, in the valuation of real estate and other547 related properties and its interest, and rendering therein his professional expertise in548

giving written valuation and report to the subject matter of his/her appraisal/valuation.549

550

2.1 Private Sector Real Estate Appraiser - a Real Estate Appraiser/Valuer is a natural551person who works in his/her private capacity and is not subject to or covered by552

Civil Service Rules and Regulations, Code of Conduct and Ethical Standards for553

Public Officials and Employees" and Anti-Graft and Corrupt Practices Act;554


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2.2 Real Estate Assessor/Government Appraisers - a Real Estate Appraiser/Valuer is555a natural person who works in a local government unit (LGU) and/or other556

government agencies or government owned or controlled corporations who557

performs appraisal/valuation and assessment of government-owned real558

properties and/or who perform appraisal and assessment of privately owned real559

properties as part of their official functions and they are subject and covered by560

Civil Service Rules and Regulations, Code of Conduct and Ethical Standards for561Public Officials and Employees" and the Anti-Graft and Corrupt Practices Act;562

563

564

3. Real Estate Broker - a duly registered and licensed natural person, who for a professional565fee, commission or other valuable consideration, acts as an agent/attorney-in-fact of a566

party, in a real estate transaction. He/she offers, advertises, solicits, lists,567

promotes, mediates, negotiates or help in the meeting of the minds of the parties to a sale,568

purchase, exchange, mortgage, lease, joint venture, or other similar real estate569

transactions or any interest therein;570

571

572

4. Accredited Real Estate Salesperson is one who performs real estate services for a573valuable consideration or in expectation of a share in the professional fee or574

commission in the performance of his/her services. He/She is a duly accredited575

natural person who may or may not be listed by a Licensed Real Estate Broker, in576

order to be accredited by the Professional Regulation Commission (PRC). However,577

a real estate Salesperson must be listed by a Licensed Real estate broker before578

he/she can practice his/her profession as a Real Estate Salesperson.579

580

581

Section 13. Sectoral Categories College of Fellows582The College of Fellows, hereinafter referred to as the College is an institution within PhilRES583

which is composed of active Regular Members of the particular sector where they are Regular584

Members of.585

586

The different Sectoral Categories College of Fellows are:587

588

1. Real Estate Consultants College of Fellows;589

590

2. Real Estate Appraisers College of Fellows591

(Private Sector Real Estate Appraiser/Valuer and GOCC/LGU Sector Real Estate592

Assessor/Appraisers);593

594

3. Real Estate Brokers College of Fellows;595

596597Section 14. Purposes and Objectives of College of Fellows598The purposes and objectives of the College of Fellows are:599

600

a. To act as a consultative body of the National Directorate and to study, research601

and formulate policies and programs which includes but is not limited to the602

Code of Ethics & Responsibilities and other concerns, issues and policies that603


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affect their particular sector to be submitted for consideration of the National604

Directorate;605

606

b. To promote the interest and advancement of the real estate industry and607

profession and of PhilRES and to contribute to the promotion, enhancement608

programs and activities beneficial to the general membership; and609

610c. To advance the interest of the real estate industry and of PhilRES and contribute611

to the programs and activities of the general membership.612

613

614Section 15. Promotion as a Fellow615A Regular Member may be promoted as Fellow upon such procedures as may be determined616

by the National Directorate. The following are the qualifications to be considered and promoted617

as a Fellow, to wit:618

619

a. All Founding Incorporators, Founding Members of the National Directorate, the620

Founding Officers and the Members of the different Committees and all Charter621

Members of PhilRES are automatically members of the College of Fellows of the622particular sector where they are Regular Members of.623

624

b. Any Regular Member of PhilRES may be nominated into the applicable Sectoral625

Category of the College of Fellows. Provided the member nominee must have626

been a member in good standing consistently and continuously with the PhilRES627

and he/she must have consistently paid his membership dues on time at least last628

five (5) years prior to the time of his nomination.629

630

c. The grant, conferment and use of such title of distinction and honorary631

conferment of title shall be in accordance with the evaluation and procedures set632

forth and as may be deemed proper by the National Directorate and conferred in a633

formal investiture ceremony.634

635

d. Conferment of such title shall be made only after the formal confirmation of such636

award by the Membership Committee and upon recommendation and approval of637

such honorary title by the National Directorate.638

639

e. The member awardee shall be then formally accepted and inducted as a Fellow640

during a formal awarding ceremony conferring such title of Fellow in his641

particular Sectoral Category.642

643

f. Arrears in the payment of the annual membership dues for the five (5) year644

period requirement is a bar and will disqualify the nominee to the award.645 Payment of the annual membership dues shall be certified by the Treasurer and646

the Secretary General.647

648

649

Section 16. Governing Body of the College of Fellows650The College shall vote for a set of Officers consisting of the Executive Director, Vice Executive651

Director, Secretary, and Finance Officer. They shall administer the affairs and projects of the652


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College of Fellows during the time of their tenure of office, taking in consideration as guide the653

Implementing Rules and Regulations of the College of Fellows654

655

656Section 17. Implementing Rules and Regulations of the College of Fellows657The College of Fellows shall adopt an Implementing Rules and Regulations in order to assist the658

officers in the accomplishment of the task assigned to them, taking into consideration all the best659and possible undertakings for which it was intended and designed.660

661

The policies, activities and Implementing Rules and Regulations of the College of Fellows shall662

be subject to the approval of the National Directorate before implementation. The same shall not663

be contrary to the policies of the National Directorate and of PhilRES By Laws.664

665

666

Section 18. Honorary Membership into the College of Fellows6671. Honorary Membership of any Sectoral College of Fellows may be conferred upon any668

local national or foreign national whether a real estate service practitioner or practicing669

in a kindred trade or activity.670

671The prospective honorary awardee must possess high standards of moral integrity and672

must have exceptionally contributed to the advancement of the real estate service673

profession of the sector the nominee is being nominated into.674

675

2. The prospective honorary awardee must be nominated by at least thirty (30) members of676

the College of Fellows in good standing. Said nomination shall be approved by the677

National Directorate and the College of Fellows of the sectoral category where the678

honorary prospective awardee was nominated into.679

680

3. An Honorary Member of the College of Fellows enjoys the right and privilege to be681

present in the functions and activities of PhilRES.682

683

4. Being an Honorary Member of the College of Fellows does not entitle the holder to684

practice the real estate service profession unless allowed under RA 9646 and other685

related laws in the Philippines.686

687

688

Section 19. Requirements for Membership Admission to PhilRES689Regular Membership into PhilRES shall be automatic and mandatory for all licensed real estate690

service practitioners whose names are verified to be true and appear in the Roster of Real Estate691

Service Practitioners Registry of the Professional Regulation Commission (PRC).692

693

Associate Membership into PhilRES shall be automatic and mandatory for all Accredited694 Salespersons whose names and accreditation as Salespersons are verified to be true and pursuant695

to the provisions of Section 34 Article IV of R.A. 9646, and its Implementing Rules and696

Regulations and whose application for Associate Membership into PhilRES is accompanied by a697

notarized certification of conferment of accreditation, guaranty and warranty licensed and698

principal real estate broker whom the Salespersons are accredited with.699

700

All foreign nationals granted permits to operate as real estate service practitioners or given a701

certificate of registration or a professional identification card pursuant to the provisions of702


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Section 24 Article III of RA 9646 shall be automatic bona fide members of PhilRES and must703

submit and comply with the prescribed additional requirements to be a member in good704

standing in order to enjoy and receive the benefits and privileges that only a member in good705

standing shall have the privilege and right to exercise as applicable.706

707

All real estate service practitioners with verified eligible qualifications shall automatically708

become bona fide members of PhilRES. All New Members must submit and comply with the709following additional requirements hereunder enumerated, to wit:710

711

1. He/She must present the original copy of the real estate practitioner's license I.D.712and certificate issued by the Professional Regulatory Board of Real Estate713

Service for authentication and comparison to the photocopy presented together714

with his application. This is in pursuance to the provisions of Section 3(g) Article715

I, Section 20, Article III and Section 30, Article IV of RA 9646;716

717

718

2. He/She must be a member of a PhilRES Local Chapter. Every Regular member719shall be a member of a Local Chapter of his choice, provided that his/her720

application into the Local Chapter of his choice must accept and approves his/her721membership application.722

723

724

3. He/She may join one or more Local Chapter. Provided, that said member pays all725his/her Membership Dues and Assessments to every Local Chapter that he is a726

member. Provided further that the said member submits a declaration of the727

Local Chapter of His/Her Choice to the Local Chapter Secretary;728

729

730

4. He/She must sign a waiver under oath authorizing PhilRES or its duly authorized731representative to verify all information contained in his application for732

membership and including datas and information as appearing in his/her733

Members Information Record;734

735

736

5. He/She must indicate the complete residential address as certified to by the737Barangay Captain/Barangay Clearance issued by the Barangay Captain where738

he/she resides and his/her office/business address in his application for739

membership pursuant to Section 22 Rule III of the RESA IRR;740

741

742

6. He/She shall swear to the Pledge for Members and to the National Code of Ethics743and Responsibilities, as approved and adopted by the PRBRES and the PRC prior744 to his/her formal investiture into PhilRES in solemn proceedings specifically set745

for the purpose;746

747

748

7. He/She shall accomplish one (1) Members Information Record for every sectoral749category where he/she belongs. Any other member shall simply correct/update750

his membership data form with PhilRES in conformity with any additional or loss751

of eligibility to perform any category of real estate service or type of752


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membership.753

754

8. All registered and licensed real estate service practitioners as well as accredited755

salespersons whose names appear in the Roster of Real Estate Service756

Practitioners Registry of the Professional Regulation Commission (PRC)757

pursuant to the provisions of Section 34 Article IV of R.A. 9646, and its758

Implementing Rules and Regulations shall continue to be bona fide members of759PhilRES except in the following manner, to wit:760

:761

8a. Members who are deceased; and,762

763

8b. Members whose memberships are terminated pursuant to the provisions764

of these By-Laws.765

766

767

9. Associate Members may only apply as a member of the Local Chapter of768

Choice where his/her principal broker is a Regular Member of and that the769

Associate Member applicant shall have fully complied with the provisions of770

these By-Laws.771772

773

Section 20. Local Chapter Organization and Membership Requirements774Local Chapters shall be organized in accordance with the following:775

776

1. The National Directorate shall prescribe a uniform set of Articles of Incorporation and777

By-Laws and rules governing the formation, incorporation, administration and operation778

of Local Chapters which shall not be inconsistent with the Articles of Incorporation and779

By-Laws of PhilRES.780

781

Exceptions or modifications of the rules and provisions of the By-Laws for specific782

Local Chapter shall not be allowed unless otherwise approved by the National783

Directorate for reasons that it may deem meritorious;784

785

786

2. No act of a Local Chapter shall directly or indirectly nullify or contravene any provisions787

of these By-Laws and such rules, regulations, plans, programs or activity adopted and788

sanctioned by the National Directorate;789

790

791

3. All Local Chapters shall be under the general supervision of their respective Regional792

Vice Presidents as provided in these By-Laws;793

794795

4. The Regional Area Jurisdiction and Local Chapter jurisdiction shall be based on its796

geographical and political boundaries as defined in Section 79(2) Article XIII, and797

Sections 80-85 Article XIII of these By-Laws;798

799

800

5. The applicant for a Local Chapter must have a minimum number of Fifteen (15)801

Members who are duly licensed Real Estate Service Practitioners exclusive of the802


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number of accredited salesperson associate members and such other requirements as may803

be determined as necessary by the National Directorate as recommended by the Chapter804

Development & Chapter Affairs Committee and/or Membership Committee:805

806

807

6. The organizers of a Local Chapter shall formally communicate its intent to the National808

Directorate to set-up a New Local Chapter enclosing therewith the following minimum809requirements:810

811

6.1 Unconditional commitment by the petitioners to fully adopt the prescribed812standard and uniform Articles of Incorporation and By-Laws approved by the813

National Directorate for all Local Chapters under PhilRES with no exceptions or814

additions thereto;815

816

6.2 Duly accomplished and filled-up proposed new Members Information Record of817the proposed Local Chapter together with photocopies of their valid Certificate of818

Registration and Professional Identification Card, among others.819

820

The application for a proposed Local Chapter shall be accepted or denied by the National821Directorate upon the joint recommendations of the (a) Chapter Development and Chapter822

Affairs Committee, and (b) Membership Committee;823

824

825

7. An applicant for Local Chapter organization shall be circularized within the period of826

fifteen (15) days together with its proposed members upon payment of the required827

chapter organization application fee, payment of the required chapter membership828

processing fee, payment of the required Annual Chapter dues, and the payment of829

required membership fees of its individual members;830

831

832

8. Once an application for a Local Chapter organization is approved, the recommendation833

and its approval shall be accompanied by the prescribed standard and uniform Articles of834

Incorporation and By-Laws approved by the National Directorate for all Local Chapters835

under PhilRES;836

837

838

9. No Local Chapter shall be registered with the Securities and Exchange Commission839

(SEC) affixing the national association name as a prefix herein referred to as PhilRES-840

unless its chartering shall have been duly approved by the National Directorate;841

842

843

10. The New Local Chapter shall be formally presented, proclaimed and accepted during844 formal investiture proceedings, and PhilRES will formally present and induct its officers845

and members during PhilRES Annual General membership Meeting and Elections;846

847

848

11. All New Local Chapter Members shall be circularized to all members by the849

Membership Committee within thirty (20) calendar from receipt of the filing of their850

complete application for membership into PhilRES.851


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Only applications for membership that fully complies with all the requirements for852

membership application shall be accepted for processing.853

854

855

12. PhilRES shall exercise full right, option and discretion to approve, reject, consolidate856

and/or merge applications to form chapters or intents to form chapters.857

858859

Section 21. Minimum Membership Residency Requirement Rule860a) Regular Members may become a member of any or all of the different sectoral categories of861

licensed real estate service practitioners, provided that, the member is a duly licensed real862

estate service practitioner of such category and that the applicant fully complies with the863

provisions of these By-Laws.864

865

b) A Local Chapter Regular Member can only be nominated, voted or, appointed to represent866his/her real estate category if the Regular member has the required twelve (12) months867

continuous minimum membership residency requirement in good standing in that particular868

real estate category, and as proof compliance the Regular Member must show at least two869

(2) consecutive membership dues payment receipts of his Mother Chapter dated not later870than March 15 of any given year or as evidenced by the membership records issued in871

his/her name in the category where he/her belongs to.872

873

c) A Local Chapter Associate Member can only be qualified and selected as a representative of874his/her sector only when the Associate Member has the required twelve (12) months875

continuous minimum membership residency requirement in good standing in that particular876

real estate service category, and as proof compliance the Regular Member must show at least877

two (2) consecutive membership dues payment receipts of his Local Chapter of Choice dated878

not later than March 15 of any given year or as evidenced by the membership records issued879

in hi/her s name in the category where he/she belongs to.880

881

d) Regular Members in Good Standing who are prior members of other Local Chapters:882883

(1) who transfer to, or884

(2) who become members of newly formed Local Chapters,885

886

are subject to the twelve (12) months continuous minimum residency rule in the Local887

Chapter of Choice where they are new members of, except those Regular Members that are888

admitted as new members during the effectivity of the Transitory Provisions of these New889

By Laws as adopted on 13 July 2011.890

891

892

Section 22. Resignation from Membership893 Any member may resign from membership from any category at any time in PhilRES through a894

written notice submitted to the Secretary General provided that such resignation shall not be895

effected and binding upon PhilRES until acted upon by the National Directorate even though the896

effective date of resignation is fixed in said notice by said resigning member.897

898

The National Directorate shall act upon such notice of resignation within thirty (30) calendar899

days from receipt of said notice.900


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Upon approval of such resignation from membership, the Secretary General shall immediately901

bring the matter to the attention of the PRC through the PRBRES. Forthwith the member902

concerned shall cease to be a member of PhilRES and his name shall be stricken out from the903

Official Roster of Registered and Licensed Real Estate Practitioners maintained by the PhilRES904

and by the PRC from the Roster of Real Estate Service Practitioners Registry of the Professional905

Regulation Commission (PRC)..906

907Notwithstanding any other provision in these By-Laws, a member against whom a charge of908

violating the laws and regulations is pending may not resign or be terminated from membership909

until final judgment is rendered.910

911

Any individual who resigns loses all rights and privileges granted by law or these By-Laws,912

including the right to use the organization's name, initials or symbols until otherwise reinstated.913

914

A member who has resigned shall be given a clearance only after paying all his/her financial915

obligations with PhilRES and his/her Local Chapter as evidenced by a Certification of No916

Financial Accountability from the Treasurer.917

918

919Section 23. Forfeiture of Membership and Forfeiture of Membership Privileges920a) A member, shall upon hi/her s final conviction of a crime of moral turpitude or any other921

offence punishable by at least six (6) months imprisonment, shall automatically lose and922

forfeit all his Memberships in all categories and forfeit all his Membership Privileges as923

well with PhilRES.924

925

b) A member, upon due notice and hearing, may only be censured, suspended or removed and926

forfeit any or all of his Membership Privileges with PhilRES in the particular category where927

he/she was charged in, after all avenues of appeal with the Professional Regulatory928

Commission pursuant to any and all applicable laws related thereto have been exhausted.929

930

c) A member who has resigned, or who has been censured, suspended or removed shall be931

given a clearance only after paying all his/her financial obligations with PhilRES and his/her932

Local Chapter as evidenced by a Certification of No Financial Accountability from the933

Treasurer.934

935

936

937

ARTICLE V.938

FEES and DUES939

940

Section 24. Payment of Membership Fees941

An initial membership fee of Php 500.00 shall be assessed as Annual Regular Membership dues942 to be initially collected from the Regular Members due to PhilRES, the recognized AIPO.943

944

While, an initial membership fee of Php 300.00 shall be assessed as Annual Associate945

Membership dues to be initially collected from the Associate Members due to PhilRES, the946

recognized AIPO.947

948

All Membership dues and fees payable to PhilRES-National of whatever nature shall be only949

paid thru the members Local Chapter and these fees and assessments in turn shall be remitted to950


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PhilRES-National for the account of the paying member by hi/her s Local Chapter not later than951

fifteen (15) days upon receipt of such payments.952

953

The National Directorate may allow direct payments by members of other fees and assessments954

to PhilRES-National.955

956

957Section 25. Membership Application Fees and Processing Fees for New Individual958

Members and New Local Chapter Members959The National Directorate shall determine the appropriate and reasonable fees and any other960

assessments to be collected from its members and may at any time modify or increase the fees it961

deems appropriate and reasonable upon consultation with the Professional Regulation962

Commission (PRC) thru the Professional Regulatory Board of Real Estate Service (PRBRES).963

964

a) The payment of the one-time membership application fee and one-time membership965

processing fee shall be paid upon submission of all Individual Membership applications.966

967

b) The payment of the one-time Chapter Organization Application fee and one-time Chapter968

Membership processing fee shall be paid upon submission of all Chapter Organization969applications.970

971

972

Section 26. Regular Annual Membership Dues973The National Directorate shall determine the appropriate and reasonable Regular Annual974

Membership Dues and any other assessments to be collected from its members and may at any975

time modify or increase the fees it deems appropriate and reasonable.976

977

Initially, a membership fee of Php 500.00 shall be initially assessed as by way of Annual978

Regular Membership dues to be initially collected from the Regular Members and an initial979

membership fee of Php 300.00 shall be initially assessed as by way of Annual Associate980

Membership dues to be initially collected from the Associate Members due to PhilRES, the981

recognized AIPO.982

983

a) All individual members are obligated to pay PhilRES-National Annual Membership Dues984

and Local Chapter Annual Membership Dues and any other reasonable assessments he/she985

belongs to on time;986

987

b) All local chapters are obligated to pay Annual Chapter Dues and any other reasonable988

assessments on time;989

990

c) PhilRES-National Individual Annual Membership dues and any other reasonable991

assessments for any calendar year are payable not later than the 15

th

of March of every year;992993

d) Local Chapter Annual Individual Membership dues and any other reasonable assessments994

for any calendar year are payable not later than the 15th


996

e) Each Local Chapter must pay its Annual Chapter dues and any other reasonable assessments997

to PhilRES-National for any calendar not later than the 15th



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f) An individual member or Local Chapter whose membership has been forfeited or suspended999

shall still be required to pay his/her or its membership dues for the current year, thereafter1000

the said member need not pay his/her or its membership dues until after the lifting of his/her1001

or its suspension or after he/she or it has been re-admitted into PhilRES;1002

1003

g) No member or Local Chapter shall be refused acceptance of the payment of his/her or its1004

membership dues after serving his his/her or its suspension from PhilRES or after having1005been readmitted into PhilRES;1006

1007

h) A member who has resigned or who has been removed or suspended shall be given a1008

clearance only after paying all his/her or its financial obligations with PhilRES as evidenced1009

by a Certification of No Financial Accountability from the Treasurer;1010

1011

i) Unpaid Annual Membership Dues shall be charged a ten percent (10%) surcharge for every1012

year or fraction thereof;1013

1014

j) A member must pay all past due unpaid membership dues and all past due unpaid fees and1015

assessments inclusive of surcharges together with the membership dues for the current year1016

to update his/her or its membership standing with PhilRES;10171018

k) A member who fails to pay his/her or its membership dues for two (2) consecutive years1019

shall be automatically suspended indefinitely from PhilRES. The indefinite suspension shall1020

take effect ten (10) calendar days from date of receipt by the member concerned of Notice1021

of Suspension of Membership Privileges Due to Non-Payment of Membership Dues.1022

1023

Notification by registered mail sent to the concerned members registered residential1024

address on file with PhilRES shall constitute proper notification and receipt of such Notice1025

of Suspension of Membership Privileges Due to Non-Payment of Membership Dues.1026

1027

The National Committee on Membership shall by resolution recommend among others to the1028

National Directorate to recommend to the Professional Regulation Commission (PRC)1029

through the PRBRES the possible suspension of the delinquent member from the practice of1030

his/her real estate service profession for non-renewal of his/her membership with Phil-RES;1031

1032

l) A local chapter that fails to remit membership dues on time shall be automatically referred to1033

the Membership Committee and Chapter Development & Chapter Affairs Committee which1034

shall in turn conduct due notification and hearing to require the delinquent local chapter1035

member to show cause why the said local chapter should not be suspended together with1036

its entire membership from PhilRES.1037

1038

Thereafter, the Membership Committee and Chapter Development & Chapter Affairs1039

Committee shall jointly make its recommendations to the National Directorate for proper1040 action and disposition;1041

1042

m) The amount of Annual Individual Membership Dues and Annual Chapter Dues to be paid by1043

Individual Members and Local Chapters may be increased by the National Directorate at1044

anytime subject to the ratification and approval by a simple majority of regular members in1045

good standing during a special meeting specifically held for that purpose without need to1046

amend these By-Laws.1047


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Any increase in Membership Dues shall be subject to final approval by the Professional1048

Regulation Commission (PRC) upon recommendation by the Professional Regulatory Board1049

of Real Estate Service (PRBRES) before being implemented.1050

1051

1052Section 27. Special Contributions and Assessments1053

Special contributions and/or assessments necessary to finance a special project or undertaking of1054PhilRES may be collected from the members by authority of a resolution duly approved by the1055

National Directorate and subsequently approved by a simple majority of the general membership1056

in good standing in a Special General Membership Meeting called for that particular purpose.1057

1058

All funds for that special project or undertaking shall be kept in a separate bank account1059

specifically created for the purpose.1060

1061

1062

1063ARTICLE VI.1064

ACCEPTANCE FOR MEMBERSHIP, CHARGING, OATHTAKING1065

&1066BADGING OF ENSIGNS1067

1068

Section 28. Acceptance for Membership1069No New Member shall be accepted as a Member in good standing unless the local chapter1070

membership circularization requirements had been completely complied with.1071

1072

1073

Section 29. Charging and Oath Taking of Members1074All new members who have completely complied with the membership requirements shall be1075

officially charged and administered his/her Membership Oath as Member in Good Standing of1076

PhilRES.1077

1078

1079

Section 30. Badging of the PhilRES Ensigns/Pin1080After the Oath Taking, the accepted member shall be badged with PhilRES ensigns/pin either1081

by the Sponsor(s) or any PhilRES Officer.1082

1083

1084

1085

ARTICLE VII.1086

CERTIFICATE of MEMBERSHIP1087

&1088

MEMBERSHIP IN GOOD STANDING10891090Section 31. Issuance of Certificate of Membership in Good Standing1091Each member in good standing shall receive a Certificate of Membership in Good Standing1092

issued by PhilRES duly certified to and signed by the Secretary General, Treasurer, Membership1093

Committee Chairperson and attested by the President upon:1094

1095

(a)Presentation of proof on the renewal of the professional identification cards;1096


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(b)Full payment of his/her annual dues not later than the 15th of March of every year;10971098

(c) Issuance of a Certification of No Financial Accountability with PhilRES Treasurer;10991100

(d)Has complied with the minimum residency requirement provisions of this New By Laws1101as adopted on 13 July 2011; and1102

1103(e)Certification of the Local Chapter that he/she is a member in good standing thereof.1104

1105

1106

Section 32. Permanent Property of PhilRES1107Membership certificates, emblems or other evidences of membership issued at any time to the1108

member is the permanent property of PhilRES and shall be returned by the individual member1109

upon termination of his/her membership with PhilRES for any reason after due notice and1110

hearing except by death.1111

1112

1113

Section 33. Return of PhilRES Property1114

Any member who resigns or is expelled shall immediately return his certificate, emblems, pin,1115seal and other marks of identity as a member of PhilRES. Failure to return thereof upon demand1116

made by the President or by the Membership Committee, the National Directorate may1117

undertake necessary action to prevent the use and recovery the same or may cause notice of the1118

member resignation, suspension or expulsion publicity through newspaper publication or other1119

media announcements.1120

1121

1122

Section 34. Content of Certificate of Membership In Good Standing.1123The Certificate of Membership in Good standing shall state the following information:1124

1125

a) Name and the Professional License Number of the Member;1126

b) Members compliance of the Membership in Good Standing requirements;1127

c) Law and/or regulation as basis of the issuance thereof;1128

d) The validity of the Certification granted;1129

e) Receipt number and date when such fees were paid;1130

f) Authorized signatories;1131

g) Certificate Control Number; and1132

h) Seal of the PhilRES.1133

i) Any other information that the National Directorate may deem fit and proper as declared1134

in a board resolution for the specific purpose.1135

1136

1137

1138 ARTICLE VIII.1139RECOGNITION PROTOCOL,1140

MEMBERS RIGHTS, PRIVILEGES, DUTIES AND RESPONSIBILITIES1141

1142

Section 35. Members Rights and Privileges11431. Rights and Privileges of Founding Members1144

a) Any and all Founding Members present at any meeting or activity of PhilRES shall be1145

duly acknowledged and given due recognition prior to the acknowledgement and1146


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recognition of all other special guests, dignitaries, Officers, Trustees and other members1147

of PhilRES;1148

1149

b) Any and all Founding Members present at any meeting or activity of PhilRES shall have1150preferential treatment to be seated nearest to the presidential table at all times;1151

1152

c) There shall be a separate registration folder and/or registration list for all Founding1153 Members present at any meeting or activity of PhilRES.11541155

1156

2. Rights and Privileges of Charter Members1157

1158

a) Any and all Charter Members present at any meeting or activity of PhilRES shall be duly1159

acknowledged and given due recognition after any and all Founding Members present at1160

any meeting or activity of PhilRES shall have been duly acknowledged and given due1161

recognition;1162

1163

b) Charter Members present at any meeting or activity of PhilRES shall be duly1164

acknowledged and given due recognition prior to the acknowledgement and recognition1165of all other members, special guests, dignitaries, Officers, Trustees and other members of1166

PhilRES;1167

1168

c) There shall be a separate registration folder and/or registration list for all Charter1169

Members present at any meeting or activity of PhilRES.1170

1171

1172

3. Regular Members in Good Standing have the following rights:1173

1174

a) To participate and to know all activities and affairs of PhilRES;1175

1176

b) To exercise the right to vote on all matters relating to the affairs of PhilRES (subject to1177

the provisions of residency requirements as applicable) as required;1178

1179

c) To enjoy the facilities, benefits and other entitlements of PhilRES attached to the1180

membership;1181

1182

d) To be included in the Roster of Real Estate Service Practitioners to be submitted to the1183

Professional Regulatory Board of the Real Estate Service;1184

1185

e) To inspect the records or books of PhilRES during business hours;1186

1187

f) To vote and be voted upon during PhilRES elections subject to the provisions of1188 residency requirements and other requirements as applicable;1189

1190

g) To be entitled to any privileges if appropriate, such as but not limited to availing of1191

discounts during Seminars/Trainings, to receive honorarium if he/she has rendered1192

services as Resources Speaker/Reviewer and the Secretariat;1193

1194

h) To be endorsed in schools, colleges and universities to teach subjects that requires the1195expertise of licensed Real Estate Service practitioners; and1196


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i) To be endorsed as Commissioner in Court, nominee to the professional regulatory board,1197resident Real Estate Service Practitioner and/or Retainer of Project Developers, and the1198

like if warranted.1199

1200

j) To be appointed as members of committees at all levels of the PhilRES;12011202

k) To serve as Chapter delegates to national and local PhilRES conventions, conferences1203 and , conferences and international conferences and fora;12041205

l) Subscribe to all publications and documents issued by the PhilRES for information,1206assistance and guidance of its members;1207

1208

m)No Membership privilege/s may be withheld, removed, restricted or otherwise denied1209any member without the appropriate National Directorate Board Resolution approving1210

such specific action upon any member.1211

1212

1213

4. Rights of Members Who Are Not Members in Good Standing.1214

Members who are not in good standing shall enjoy only the following rights;12151216

a) To be included in the list of bona fide members roll of PhilRES;12171218

b) To continue to receive communications from PhilRES12191220

c) To attend any meeting of PhilRES and attend conferences as a passive observer upon1221payment of the appropriate assessments or fees at the same rate paid by members in good1222

standing, but, the member can not vote, nor be voted upon, receive or give proxy/ies, nor1223

propound questions, nor be part of the consideration of the quorum, nor make any1224

motion.1225

1226

1227

5. Rights of Associate Members Who Are Members in Good Standing.1228

Associate Members in good standing shall enjoy only the following rights;1229

1230

a) To participate and to know all activities and affairs of PhilRES;1231

1232

b) To enjoy the facilities, benefits and other entitlements of PhilRES attached to the1233

membership;1234

1235

c) To be included in the Roster of Real Estate Service Practitioners to be submitted to the1236

Professional Regulatory Board of the Real Estate Service;1237

1238 d) To be entitled to any privileges if appropriate, such as but not limited to availing of1239

discounts during Seminars/Trainings and any other authorized and/or sanctioned activity1240

of PhilRES except those which expressly only allows Regular members to participate in;1241

1242

e) To be appointed as members of committees at all levels of the PhilRES, subject to the1243

limitations upon such Associate members thereof;1244

1245

f) To be included in the list of Associate Member nominees;1246


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g) To serve as Chapter delegates to national and local PhilRES conventions, conferences1247

and international conferences and fora;1248

1249

h) Subscribe to all publications and documents issued by the PhilRES for information,1250

assistance and guidance of its members.1251

1252

i) To be selected as a non-voting Associate Member nominee representative to the1253Associate Members Pool of Nominees from which the National Trustees-Elect shall1254

choose the Associate Member representative to the National Directorate as selected by1255

the Associate Members in Good Standing of the Local Chapter from among themselves1256

by secret ballot.1257

1258

No Membership privilege/s may be withheld, removed, restricted or otherwise denied any1259

Associate Member without the appropriate National Directorate Board Resolution approving1260

such specific action upon any member.1261

1262

1263

6. Associate Members Do Not Have The Following Rights1264

1265a) To exercise the right to vote on all matters relating to the affairs of PhilRES except as1266

expressly allowed and provided herein By Laws;1267

1268

b) To inspect the records or books of PhilRES during business hours;1269

1270

c) To vote for Regular Members during PhilRES elections;1271

1272

d) To be endorsed in schools, colleges and universities to teach subjects;1273

1274

e) To be endorsed as Commissioner in Court;1275

1276

f) To be a nominee to the professional regulatory board;1277

1278

g) To give and receive proxies to and from Regular Members.1279

1280

1281

Section 36. Inclusion in the Roster of the Real Estate Service Practitioners1282All Members In Good Standing shall be included in the Roster of Real Estate Service1283

Practitioners to be submitted to the Professional Regulatory Board of the Real Estate Service1284

(PRBRES) as required by Section 22, Article III of R. A. 9646, and its Implementing Rules and1285

Regulations and/or appropriate government agencies within fifteen (15) days after the end of the1286

calendar year or such other date required by order or memorandum or resolution of the1287

Professional Regulation Commission (PRC) to be prepared by the Membership Committee.12881289

1290

Section 37. Duties and Responsibilities of All Members1291A member shall have the following duties and responsibilities:1292

1293

1. To read, comply and abide by the By Laws of PhilRES;1294


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2. To obey and comply with PhilRES By-Laws, policies and procedures and any rules that1295

maybe promulgated;1296

1297

3. To observe compliance to the provisions of the Real Estate Service Act (R. A. 9646), its1298

Implementing Rules and Regulations and any other existing realty laws that maybe1299

promulgated by the proper authorities;1300

13015. To attend all required meetings that may be called by the National Directorate and by the1302

Committee Chairmen;1303

1304

6. To pay annual membership dues and other fees and assessments of PhilRES on time;13051306

7. To observe and faithfully abide by and comply with the National Code of Ethics and1307Responsibilities;1308

1309

8. To be an active member of the Local Chapter and to the sectoral College of Fellows he1310belongs to as applicable;1311

1312

9. To have the moral obligation to serve as Officer, Director, Committee Chairperson and1313Committee Member as applicable;1314

1315

10.To support all the activities of PhilRES including attendance to organize trainings,1316seminars, workshops, forum, conventions and conferences and its advocacy against1317

pernicious real estate services practices of unlicensed or unauthorized individuals and1318

juridical persons;1319

1320

11.To provide free services to PhilRES if called for;13211322

12.To pay the agreed royalty fees to PhilRES on referrals at all times without need for1323demand;1324

1325

13.To observe the approved tariff of professional fees of real estate service;13261327

14.To report immediately any act of wrong doing by any member or staff or employee of1328PhilRES that he/she has personal knowledge of or has witnessed;1329

1330

15.To always act in a generally, morally, legally and socially accepted norms of conduct1331and behaviour and must not be a cause for public scandal; and1332

1333

16.Not to do any act(s) which are in competition and/or, prejudicial and/or inimical to1334PhilRES', PhilRES' officers, trustees, staff and/or employees, any of PhilRES' plans1335

programs, undertakings and/or public image and/or reputation.1336


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ARTICLE IX.1337

NATIONAL BOARD OF TRUSTEES1338

(National Directorate)1339

1340Section 38. General Management and Governing Policy Making Body1341The general management and governing policy making body of PhilRES shall be vested in a1342

National Board of Trustees which shall be known collectively as the National Directorate1343composed of Twenty-One (21) Trustees who shall be elected annually by all Regular Members1344

in Good Standing who shall serve and perform their duties and responsibilities from January 011345

until December 31 of every year until the qualification and election of their successors.1346

1347

The Chairman of the National Directorate shall preside over proceedings at all regular and1348

special meetings of the National Directorate except at Special General Membership Meetings1349

and the Annual General Membership Meeting and Elections where the President shall preside.1350

1351

The National Directorate shall retain the services of a legal counsel whose services are necessary1352

to assist and help PhilRES in the implementation/administration of its official duties and1353

functions and will be officially designated as the Board Legal Counsel.1354

13551356

Section 39. Quorum1357The National Directorate acts only as a collective body and no power is vested in any individual1358

Trustee as such.1359

1360

The presence of at least Twelve (12) members of the National Directorate shall be necessary at1361

all regular and special meetings of the National Directorate to constitute a quorum for the1362

transaction of any business, and simple majority (50% plus 1) of the quorum duly assembled as1363

a National Directorate shall be valid as a corporate act.1364

1365

The Chairman of the National Directorate shall preside at all meetings of the National1366

Directorate of PhilRES except at Special General Membership Meetings and Annual General1367

Membership Meeting and Elections where the President of PhilRES shall preside.1368

1369

In the absence of the duly elected Chairman of the National Directorate during any meeting the1370

Vice-Chairman shall preside thereof.1371

1372

In the absence of the Chairman and the Vice-Chairman of the National Directorate during any1373

meeting where there exists a quorum, the Trustees constituting such a quorum shall appoint a1374

temporary presiding Trustee for such particular meeting.1375

1376

The presiding Trustee only votes in order to break a deadlock or tie in National Directorate1377

voting or in any meeting wherein a division of the house results in a tie.13781379

1380

Section 40. Regular and Special Meetings of the National Directorate1381The National Directorate shall hold Regular Meetings at least once a month, at such particular1382

hour or place as the National Directorate may set.1383


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Special Meetings of the National Directorate may be called by the Chairman of the National1384

Directorate or President at his discretion or by written request by Twelve (12) members of the1385

National Directorate.1386

1387

1388

Section 41. Notice of Meeting1389

Notices of Regular Meetings of the National Directorate or Special Meetings of the National1390Directorate shall be mailed, e-mailed, faxed or sent by special courier or messengerial service or1391

any other verifiable means of communication by the Secretary General at least four (4) days1392

before the date fixed for the meeting.1393

1394

1395

Section 42. Waiver of Notice of Meeting1396Notices of Regular Meetings or Special Meetings of the National Directorate may be waived1397

only in formal writing provided that those National Trustees waiving such notice of meeting are1398

part of a valid quorum of such meeting and/or are those National Trustees requesting for such1399

Special Meeting of the National Directorate or Emergency Meeting of the National Directorate.1400

1401

1402Section 43. Regular Attendance in National Directorate Meetings1403Officers and Trustees are mandated to attend all National Directorate Meetings.1404

1405

Unauthorized absence from three (3) regular meetings, consecutive or otherwise shall be1406

considered as constructive resignation on the part of the absentee Officer or Trustee unless prior1407

notice of a reasonable cause for such absence is received by the Secretary General at least three1408

(3) calendar days before such scheduled regular meeting of the National Directorate.1409

1410

1411

Section 44. Rules of Order1412Roberts Rules of Order, latest edition, shall be recognized as the authority and guide governing1413

the parliamentary proceedings of the meetings of PhilRES as well as those of its committees,1414

provided that the same is not in conflict with any provision of these By-Laws.1415

1416

1417

1418

ARTICLE X.1419NATIONAL OFFICERS & NATIONAL TRUSTEES1420

1421

Section 45. General1422The Members of the National Directorate of PhilRES shall perform and function in their duties1423

and responsibilities as any regularly Members of the National Directorate would normally1424

operate as permitted under the Corporation Code of the Philippines.14251426

The regularly elected Members of the National Directorate of Phi1RES shall occupy and1427

perform their duties and responsibilities from January 01 until December 31 of every calendar1428

year unless expressly provided for in this By-Laws.1429

1430

These National Directorate and Officers of PhilRES shall perform their duties and1431

responsibilities customary to the offices unless otherwise specifically specified in these By-1432

Laws.1433


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These National Directorate shall occupy and shall continue to perform and act on matters1434

customary to their office which are consistent with the Corporation Code of the Philippines,1435

unless expressly provided for in these By-Laws.1436

1437

A Manual of Operations will be drawn-up by the National Directorate and approved by a simple1438

majority of all members in good standing.1439

14401441

Section 46. Chairman of the National Directorate1442The Chairman of the National Directorate who shall be a Trustee, shall preside at all meetings of1443

the National Directorate of PhilRES except at (1) Special Membership Meetings and Elections,1444

and (2) Annual General Membership Meeting and Elections where the President shall preside.1445

1446

The Chairman of the National Directorate only votes in order to break a deadlock or tie in1447

National Directorate voting or in cases wherein a division of the house results in a tie.1448

1449

1450

Section 47. Vice Chairman of the Board1451

The Vice Chairman of the National Directorate, who shall be a Trustee, shall perform all duties1452as customary to his office. He shall:1453

1454

a) shall preside at all meetings of the National Directorate of PhilRES whenever the1455Chairman of the National Directorate shall be unable to preside at any and all meetings1456

of the National Directorate;1457

1458

b) represent PhilRES and act in its name subject when so specifically ordered to do so or1459assigned to him by the National Directorate;1460

1461

c) do and perform any and all other duties, functions and responsibilities assigned to1462him/her by the National Directorate.1463

1464

1465

Section 48. President1466The President, who shall be a Trustee, shall perform all duties as customary to his office. He1467

shall:1468

1469

a) be the Chief Executive Officer of PhilRES;14701471

b) preside at all Special Membership Meetings and at the Annual General Membership1472Meeting and Elections;1473

1474

c)

represent PhilRES in all internal and external functions and act in its name subject to the1475 declared policies of the National Directorate and the provisions of these By-Laws;1476

1477

d) countersign all checks for disbursements of funds of PhilRES;14781479

e) submit an annual report to the members;14801481

f) shall be an ex-oficio member of all committees.1482


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Section 49. Executive Vice President1483The Executive VicePresident, who shall be a Trustee, shall perform all duties as customary to1484

his office. He shall:1485

1486

a) assist the President of PhilRES in all matters;1487

1488

b) take-over the duties and responsibilities in the temporary absence of the President;14891490c) represent PhilRES and act in its name subject to the declared policies of the National1491

Directorate and the provisions of these By-Laws in the temporary absence of the1492

President;1493

1494

The Executive Vice President shall have the powers, authorities, duties, functions and1495

responsibilities assigned and duties the President or National Directorate may from time to time1496

assign to him.1497

149

PhilRES New by-Laws

Documents

Transcript of PhilRES New by-Laws