Resa Law Irr

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PROFESSIONAL REGULATORY BOARD OF REAL

ESTATE SERVICEResolutlDn No. 02

Series of 2010

IMPLEMENTING RULES AND REGULATIONS

OF REPUBUC ACT NO.%46, KNOWN ASTHE R E A l ESTATE SERVICE ACT OF THE PHIUPPINES"

.. !III . .. " ' .· ,•• ••

Pursuanllo Section S, P), Article Uand Section 42. ArtJde Vof Republic Act No. 9646, "An Act

ttHl Practice of Rea! Estate ServK:e in the Ptlilippines .Creating for tfJe PulpOSe a Professiona!Board of Rea! Es tate -Service. A p p t o p r i a ~ n g Funds T h ~ e f O f and for Other Purposes' , theRegulalory Board of Real Estate Service. hereinafter called as Itle Board, after tM review

approya! by tt1e Professional Regulation Commission , hereinafter reterred to as the Commrssi01l,

adopts , issues. (1M promulgates thrs reso!iIfioo embodying the foUowil19 I m p l e m e n ~ n g Rules anct

i o n s to carry out, administer, alid e!lforce the provisions of RA No, 9646,

RULEITITLE OF THE RULES, DEClARATION OF POLICY &

DEF INITION OF TERMS

N1. Tit/e.· TIlese R u l ~ snan be kflO\'>n as T H E IMPLEMEN.TING RULES AND REGULATIONS

OF REPUBLICACT NO. 9646," known as the "Real Estate SeMce Act of the Philippines', inshort, the '"!RR of RA No. 9546', ()( mefe!y ihe IRR.

2, [)OO(1liftioll or Policy. - The Slale recognizes the 'lila! role of rea! estata service P t a c l i t k l ~ in the social. political, econom ic 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 effecUveregulation and supef\oiSion a corps of iech,'1ically competent, responsible and respectooprofessional real esiate sel\lice practilionere whose standards of practice and serliCe shall be

globally compeli!ive and will promote the g:owth of rea l estate Industry,

The 1M sMil be in!efpreted. construe<!, and carrie<! out inme fight of the above Declaraticn ofPolicy, which embodies the legislative inteflt in eflacting RA No. 9646.

3. DsfiniNon of Terms. - As used in the !RR, the following terms $hal! be undetS:ood to mean asfollows:

a ·Appraise( also known as valUe!". refers. to Ii perron who cooducts valualion!appraisal; specifically, one who possesses the necessary qualifications, license, abilit'l



O. 'Assessor· f e ~ e r s to an official in the l o c a I 9 0 v e m m e n 1 l J n i ~ '<\t.o performs appraisal andassessment 01 real propertJes, i ~ c l u d i n 9 plants, equipment, a/ld machineries, essenliatlyfOf tOX<300n purposes. This definitiofl also im;h.u:les assistant assesscrs.

c. "Real e s t a t e ~ 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 orbe10w the grouf'l<l.

"Rea1 estate develQpnlent ·project' means the development of land for residet\bal.commercial , irdus :rial. agrituttural, insblUliooal or recrealkmal purposes . or anycombination 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

e. "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 offeringthem for sate or lease.

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

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

(1) Rea! estate crosultant - a duly registered an<! licensed na!ura! who, for aprofes.s.iOnaf fee, compensation 0 ; other '<a1uabJe consideralion, offers or rendersprofessional a d v ~ an<! judgrnen! on : i) the atquisition, enhsncemer.t,ptesetVailon,

ulilizalkm or (!''sposition of lands or m p r o v ~ n t ' S there<J!l; <Jnd (ii) the COI"lCep!!on.plarmil'g, management and development of feal estate projects.

(2) Real estate appraiser - a duly registered and licensed natura) pei'SOil who , for aprofessional fee, oxnpensalicn or other vatuable consideratiOn, p€l"fcrtn$ or renders,or offers to perform S€rvices in es timaliog and arriving at an opinion of 0 ; acts as an

expen on real estate ,<alues, such seNm of whidl shall be finally rendered by !hep,eparation of the rePJrtll1 acceptable written fOfm .

(3) Real esiule aS5eSSOf - a duly registered and license<! naloral person .....no wofl<s in

a iOOal g(wemment u!':it and perloons appraiS(Ji and assessmenl oj rea! properties,induding plants, equipment, and machi!'.eries. essentially t a ~ a t i o n purposes ,

(4) Real estate broker - a duly registered and liteflsOO natural p e ~ O I 1 wno. fOf it

profess!Onal fee, commissloo or otl'.er valuable consideration, acts as an agent ota party in a rea! ~ t a t e transactkln to offer, advertise , solicit, lis!. promote, mediate,negotiate Of effect the meeting of the minds on the sa:e, purchase. exchange,

mortgage, !ease ¢ l joint~ ' e n t t J r e .

m other sil1"1ilat transactiOns on real estate or~ n y

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 registered and ~ c e n . m by the



'Accredited and Integrated Professional Organization (AlPOt - the national fllegraledoryanizatm of natural persons duly l e g i s ~ e d and rlCel'lSed as Real Estate SeMcePractiticlnm Ihallhe Board, subject to tOO approval by the C<muhsioo . s.iaII recognaeIX acoedit as !he one <IiOd only AlPO, pursuan!!O Sec. 34.M. IV RA No.9646.

/. "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 !heAlPO as defined in h. above.

RULE IIPROFESstONAL REGULATORY BOARD Of REAl ESTATESERVICE

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

Board of Real E51ate Serv.ce, hereinafter re(e"ed 10 a5 the Board , u"der the 5 l l ~ e I \ i s i O I l and adrilistrative conlrol of the Pro.'essionaI RegtJIatioo CoI'M6sion (PRe) , heremtlerreferred 10 as h ! Cor'rr'r'issicr. COO1pOSed of a d'lairpersoo and four (4) members ...ro Shall

be appoilted by !he Ptes>de<>1 of !he Phiippines !rom ....m e (3) choseI! by

!tie CmmsSIOfl from ahi of &ve (5) OO'l'tiuees per position submitted by the acctedited andintegrated 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 arebcfl lnadiYe gO'llemmel'lt seMc:e.

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

up any vacancy in tile Board.

.S. P o ~ and Functions of the BoaIrJ.- The Boart! is hereby vested the following SpecifIC poy.ersand functions:

(aJ POvide 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;(b) Conduct licetlsurtl e:(aminalions fry

the p r ~

ofthe real esta te service

profess ion

and prescribe the appropriale syllabi of the subjects for examnation with their tables of$ p e c i ~ c a t l o o s

Ie) Issue, suspend, revoke or reins tate, afterd lle oolite andhearing, certificates ofregistra tionor professional identifICation cards for the practice of real esia:(t ,ervice;

(d) Maintain a comprehensive am! updated register of licensed real estate serviceprofessionals ,

(e) Monitor the coodrtiorls affecting the pr8Ctice of leal estate Se!VICe a(llj adopt such measuresas 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 Strictlyobserved by all licensed real estate s(tfVice practiiioners:

(9) Hear () f investigate any violation of RA No. 9646, the IRR and theCode of EtNcs and Responsibifitie$ for real estate service pl8CtWone,s



(hl Safeguard 800 proIect legitimate and licensed real estale service practitioners and, incoordination 'M1h the. accredited and inlegr.t.ed professional organiza5on tAlPO) 01

reci estate service P l a c ~ l'OOIlitor al forms of actverosemefllS , announcements,Signboards. billboards parnphfets . broctlures and others of sunilar na\1Jre concerningreal estate and, vAlere necessary, exercise its Q U ~ aod admmislr.lli'ooe PONtI'S tofiIaIt)' and completety etadicatE !he pemciolS pr<Dio:''t of unau1horized or unblSedindividuals;

(i) Prescribe. in oooper.Itbl wiIh the Cornmissioo on Highe- Education (CHEO ) 01 !he

concerned s!a'.e \lM'etsity COllege, !he essert1iaI requirerneniS as 10 the cooi;ulaand facili5es of sc:tIocU , ooHeges 01 universi6es seeIc.tIg ",emission !O OJ)en ac:adernIccourses or !Iready oIfeti'lg such 0lUISeS in real estate seMce. and 10 see to it lI'lat

these requiremanls, !he ernpJoyment of qualified facuty rremtJE" . are propertycompIied'Mlh ;

ill Prornu1gate. adltillist« and eobce rules and regUlations necessary in carrying out thepiC)ij$o.l$ ofRA No. 9646;

(k) $tJpnise and reguiale !be registralion , licensure and prsclke 01 real estate service in

I I l e P h ~(I) 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 (CPE)

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 Iheoorntucl 01 serrinars and accredit such seminars pursuant to the CPE program, as weiss

•the instructors 0( lecturers therein. for the PUfpose of upgrading !he quality and kflowIe<Igeof the profession:

(r) Monitor and supervise the activities of the accredi!e<I and ifllegra ted professional

organization (AlPO) and aihet asscGlions of real esiate service pr.;c!itiancrs; and(5) Discharge such other powers, duties and fuI'Ic:1ions as the CotnmiSSiOO m a ~ deem

oecessary 10 carry out the provisions 01 RA No. 9646.



The po:icies , resolutions and rules and regulations issued or promul9ated by llie Board shall besubjecl 10 the review and approval by the Commission . H O W t l ~ & r the Board's decisions, resollJlioos

or orders wtlfch are net interlocutory. renderen inan adminfs\raUve case, shali be subject to rsvjew bythe Commission only on appeal, in accordance with Republic Act No. 8981 and its Implementing Ru lesalto Regulations.

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

(a) Citizen and r e s ~ e n t of the Philippines; ,(b) hokter of abachelor's d ~ ~ telateO to real estate;(e) An active licensed practitioner of re.al esla!eservice for <It !east ten (10) years prior to hisiher

aWOifl1ment;(d) A bona fide member in good staooing 01 lhe accredited and inlegra:ed p-o/csskma!

organ izaticm of real estale servicepractitioners but r\Ot an officer or Inlstee at the time of his!her appointment;

(e) Neither be amember 01 the faculty 01 an illstilute, schooL college or I..Inive!sJy. nOf have any

pecuniar)' interest direct 0( indirect, III any insHutKm or associatiotl where re>Aew classesor lectures in preparatoo /0( the litensure examinaton are being offered Of conducted; and

if} Of good mora! characler, and mUSI not have been con'licted by final judgment by acompelent court of a crim inal offence invol,ing mora! ru;pitude .

, 7, Term of Ofke.- The dlairperson and the members of the Board shali h o ~ d office for a term 01

Itlree (3) years from the date 01 their cppoil'lw.ent and ul\!J1 tileir successor,'s sllall have been

appoif1!ed : Promed. rnat the members 01 !he firs.! appointed Board sha!: hok! office for thefollO'Ml19lerms: one i 1) member as Cha irperson. to SSM; for three (3) years; two (2) memrers, Ie

serve lor two (2) years; and t-NO {2j members, to serve for one (1) year.

-he 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<Y'..a ted the position . On the consii!ulion of the

fint Board, the Chairperson a ~ d the tkmbe!"s of the Beard shaU automatically be regl$lere<l and issuedCertificates of Registration and Professior.a! Identif!C300n Cards. Each member of the Board shall takethe proper oath of office pOOr 10 the assumpUon of duty.

8, Compensalion arn1 Allowdnces of /he Chairperson am1 Members of the $owe.· The chalrperscmand the memhers of the Boord shan recei ...e compensaiiOO and al!owances comparable to thecompensation and ;;I!IO' ...aflces re<:ei'li!d by !he chairman and tile members of e x l s ~ n g p r c f e s s i o n a l regulatory boards under lhe Commission, as provio:1ed for in the General Appropriations A c ~ the

Salary Standardization law. and !heJoifll CifCtllar Issued by theCommissioo and me Departmentof BOOget and Management 108M) .



. 9. Removal of the Chairpersoo and Members of the Boord,· The t:ha:rpersoo 0 ; any memberof 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 administrativeinvest)galion to be COI\dOC!ed by the Ccmmission on the fOllowing grounds.

1. Neglect of duty.

2. Abuse 01 ower,

3. Oppressiof"l,

4. Jncompe:ence,5. Unprofess ional, unethical cooducl,

6. IrnlTlOJal or dishonoorable COOClJct

7. Commission or toieratiOtl of irregularities in the cendue! of examination or tsmpeting of the

grades , Of

8. For any finaJ judgment Ofcoovlclion 01 any crimJna! offence irwolving moral turpitude

The Commiss"ion in theconduct of the inves!lg8tI01l shalt be guided by Sec. 7 (s) ofRA No. 8981 and

ilS rules on adminis!l'stive investigatiOl'l.

10 S u ~ r v i s i o n of he Boilfd, CUstodian oJ!1S Records,Secrelaria i and SUPPOIt Selvices, - The Boord

shall be under the general supervision and adrninistrati"e control of :tie Commisston.All recordsof !he Board, including applications lot exam;nation, examina tion papers and results, minutesof delibefd\klfls, administrative and other i n l ' e s t i g a j ~ e cases . nvolving real estate service

practitioners, shall be kepI the Commission The Commission shall d€signate the secretar/Of lhe Board a! the o f f i ~ 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 !heusual government accounting and audiiing rules and reguiabons.

11. Annum RepM.- The Board shall, at the ctose of each c a ~ e n d ; 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 aMimprovil1l the conditions affecting the practice of rea! estate sef'l"i:e Wi t ~ e Philippines.

RULE III

LICENSURE eXAMINATION AND REGISTRATION

, 12. Licellsufe Exami{lalion.· Evt'ry applicant se<:king to be registered and licensed as a rea! estateservice prattikmer, except a real estate salesperson, shall undergo an examination 10 be givenby 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



. 13. Scope of Examination. - The licensure e ~ a m i n a t J O n for Ule applICants for real eslate brokers , real

estate appraisCfs and rea! elate consuNants snali cover. but not limited to. Ine tollo'hirog

Cal For real estate consultants:

1. Fundamentals of real estate CO!lSuttm9:

2. Standards and ethics :

3 Consulting tools and tOChfHQUes. vJllcninclude pto)&ct feas ibiil1y study and investment

measurement loos;4. Real estate finance and emnctlt'CS;

5. Real estale COf":sulting and ~ 1 v e s t m e n l analyses ;

6. Coosultmg for spedfic engagement, ....ttlch IIlducles coosuiling for a : m n e r C l a ~ industrial. recreatioo and resort and hotel and consultltig for governmentand corporate and financiallnstiiutions :

7. Land management system and real property laws; and

8. Any OIher related subjuts as may be det€i1l1llE.'d b'lltle Boatel.

(b) FOf teal e s l a ! e ~1. Fundamentafs of real estate pmcipJes and practices ;2. Slandards and etlIics;

3. Theories and priroDies in appiaisa l,

4 ...man.m pl>ysCal_r .

s. . . . . _ ,"''' ' ' ' '_"""""""';6. lhluaIion. procedures and resean:tr7. Appraisal of mac.'1inery and 00Ulpmef!1:

8 Pr3cticaI appraisal rnathemati:s;

9. " " " ~ ' " """'" wm1ng;10 . Real. estate frtance and """",·",,,,";'lcs".

11. Case studies;12. land man39,,,er,oelEnl system and real PfOIlarty laws: and13. Any oCher rel.aled subje.ts as may be delenrined by the Board, and

(c) FOf n:!8:I eslal& brokefs;

I. FUf'ldarnenlals of property ownership;

2. Code Qf ethiCS and respons ibities·3. legal r e q u ~ r e m e r t t s for realemit) seMCe practice ,4. Rea!estale b r o k e r a g e ~5. Subc:livision de--.'eIopmeflt6. Coodornioium cooc:epI and ""ott"",er types of real esla/e ~ 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:11 . legal aspect of sale, mortgage and lease;

12. Documentation qnd regls!ration.13. Real property laws and I a ~ a t i o n and



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,,. 14. Oualification ofAppficaflts fc< Examinations.- In order to be admitted 10 the licensure ~ a m l f l a l J c n

for re.1! esta te service, a camlklate at the time of filing htSihcr application. shalf establish 10 the

s.atisfaclion of the Board ihat h e f ~ possesses the following qualificatiOns:

(3) Acitireo of the PhiSppines,{b} 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) cred it units 01 real estate subjects and trainIng from

a c c r ~ : t e d service providefs , as may be determined by the Board: ProvIded, further. That

as soon as acourse leading to aBachelo(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.(e) Is 01 good mcra!character, and must not have been COtWlCted of SOy cnme invdving moral

..

- .d) All applicarll for the licensurs e x ~ tor real ~ t a l e ooosultanis must show proof

lhat heIshe has at least len (10) years: as 3 IICeI\Sed real estate bro;;er. or a'lassessor, 01 as a bank, Of irtShtulional appraiSer, ex an e m p I o ~ ' e d per1OI'I p e r f o l l l ~ n g fealpiopely valuaOOn., 01 alleasl flve (5) years mpeliCroc:e as iii licensed real es!a!e ap}lfiltSer

AI appiica!JOns far eX3flWlatiurl shan be &led ¥Ath the Board WhO shall 3SSE1S and approvesaid appIicaOOr ls aod issue 10 the qualified the corresponding peiiMs or notices of

acmssion to take sUCh examination upon submissi:tt oIlhe foIki'X1Ig document!..

1. Onginal and phOlrJCq>y of Birth CertIficate or Celti6cal.e oIllYe BIrth (NSO) and I Of validPhdtppine pssJXKt, or any oller proof of atizenship,

2. ClBJi'IaI and photlCOp'J' of b<I:nsaIpt of records and I or diploma 'Mlh scannEd picture.J . Origlllal and phOtocopy of notarized cenifiratlon by err.plo'Jercf hBIher years 01 experier.ce

0 ( pre-requisite Certificate 0( RegislTatim (COR) and I Of Professio1a1 ldentificatioo Card

(PIC)a OTI icerlse (lor real estate coosuftants l,4. OriJinai and of N8I clearance.S. ~ i n a l and phntocnpy of duly acctedI1ed 5e/flll1at and I or uainWlg cetiflcaie.6. eorrm-miry ta)'. certiftca:e,1. Four (4)colored passport size picrures Y<IiIl ~ i ! e background and COfllllete narnetag and

other doc:ornef1lS in a c c ~ a n c e with the requirements s.et by the CommisSlOfl.

. 15. R8(ings in the &aminabotI.- In order Itlal a candidate may be deemed to have soccessfun,passed the exammatlon , he!She ITkJSI have obta.. 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.

. 16, Release of the ResultsofExaffll(lsiioo.- The tesults or It!e licensure examination shall be released

by the Board .... thin ten (10)days Iromltlelasl day of Itleexamlnahon. T h ~ fesull shall be published



ServiCe practice. subject to payment of fees prescnbed by the Commission. The certificate ofreg1stratioo sha* bear the signature of ihe dlaU'f)er$OO: of the C ~ s i o n and !he Chairperson

and !he merrbers -of !he Board, stamped Yoilh the oI'idaI seal of the CornrnMion , indicatingt1a1 !he petSOn n a ~ iler.w IS entitled 10 practioe Ihe prow SSilOtl With al !he berdts andpm.,1eges appurtenant there-.o. thIS retlficale of registr<Jtion shaI remain III run force cw:I eI!eduntil revoked Cf suspended I I acwdance >Mth R.A .No. 9646.

APwlessialalldentif.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 upoopayment 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

CPE pro'Jram.

. 18. RafusBi 10 Regls/W., The Board shaD not register and issue a c e r t i ~ l e of regislratkln to any

SUCCi" sstu! e ~ a m l n e e who has been CO'witted by a·court of canpelent jurisdiction 01 any criminaloffense involvltl9 moral turpitude or has been found g u ~ t y 01 imrTlOlai or dishonorable oondUtI

after i n ~ l i g a t i o n by me Board.Of has been found to be ~ i c a l l y unfit.

. 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<I, revoke !he cetiflca:e cf regisltatictl and the professiooal

iden!i1ication card, 0 ( cancellhe specialAet'nporary perm1 of a real estate service practitioner, Of

suspend him!her from U1e practice of the professial 00 any of me foIIoWIf1g instances hereutlder:

(a) procurement of a cerufica:e of reglSb'ation and/or professional Identification card, orspecia!ltemporary permit by traud or d e c e ~

(b) Allowing an -tlnQua lirled person 10 advenise or to practice the profession by using one'scertificate of reglSl1300n or professiMaI identificatiorl cart!. or s p e c i a ! l ! ~ 3 1 ) ' pew lit;

(el UnphJkssional or unethical conduct;(d) 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(e) Engagi1g Ifl the PllII:tio:e of ihe prolesSOl dumg ihe peood of one's SUSpensiOn.

The rules M a d m i n i s t r a ~ I W ~ t i g a t i o n issued by the Convnissioo: shal the hearing Ot

i..owesbgation ollhe case, subted 10 !he appi!¢able pro'o'lSlJOS ofRA

No 8961 .RA

No 9646 , aodthe Rules of Court;Ptowled, That the suspension or revocation 01 lhe CertJficale of Registration and

P r o ~ e s s i o n a l l d e n t i f i c 2 t i o n Card, or the cancellation of the Tempo:xarylSpeciaI Permii of the resporKfeot

professiooal shall not prejudice his /her prosecution tor criffilna) liabilities and the i m p o s i ~ o n of thepenalties ul'lder R.A.No. 8981 ,AA No. 9646,under the Revised Penal Code,6r any orner special law.

. 20. Registration E x a m i n a / i o n Upon appHcatioo and paymenl 01 the required fees, the1dIo-Mng shall be regl$lered . and shall be ISsued by the Board and the Comrntssioo acertificate01 registratIOn and aproJessionai identificatioo c.aro withoul takilg the prescribed elaITIirIa!lon:



•

(a) Those ....tIose. on !he date of the eleclh'ity of RA No. 9&¢6 or as of 30 July 2009, are~ t e a d , . 1 i c e o s e d as real estate btokers. real estall! ..ppr.n" Of real estate IXlfI5jJltants

by !he Oepanmen. " T .... and Industry (On) by wrue " ....... ry oro.. No. 39. asamended. f'roi,iOed , Thai !hey are In active prac!ice as real estate brokers. real estate3pp!"<usefS, and real estate consultants,aoo that they have undertalleo relevan( C o n ~ n u i n g ProIesslOOal Education (CPE! or Coolil'luing EdtlcOOon Program (eEP) \o:he satisfactionof tt'1e Board: Provided, furth er, ThaI the fo!lcwil"!g practitioners shalt be allowed toregister

1, My hOlder of it vaij(i OTllicense.1'AlO has earned fifteen (15) ~ l i r ' ! u i ~ Ed lJCatOO

Program (CEP) Of CPE credit units ;

2. Those..m had f<lied to renew !heJron license prior 10 30 July 2009 but vmo haveearned Iwemy·lour (24) CEP aedil UJ\Jts fn:wn acaedited setvce providm. as pee

M.O. 39 01 CPE credit UIlIlS from CPE COJnQI Actredite<l Provider from 2001 fO July30,2011.

3 Those had passed the 2009&2008 licensure e ~ m i n a b o o $ g;ven by the on butwho haC faied to obtain tfleir license upon the etlecfiv;1y of the RA No. 9646 and...mo have earned fifteen {lS) CEP Of CPE cre<t:! units;

4 Those who had passed the 2007 liCensure examinaboos given by the oTI oot whohad failed 10 obtain ther license upon \he effectivity of the RA. No. 9646 and whohave earned elQnteen (18) CEP 01' CPE credit units;

5. Those who [lad passed the on bcensure examinations in 2000 and priOf years btlt

\\00 nad failed to obtain ltlell license tlpotl the effectivity of R.A No, 9646 aod whoha'le earned one hundred twenty (12OJ CEP Of CPE credit units,

Aihided. firla/1y. Th8f real estate practitioneB fa !bng under the abo.e de!Clibed categOries

wOO fail 10 compty WIth the necessary CPE requ::ena>'\ts .. tntn !'M:l (2) years alter theetrec&.'!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:

(b) Assessors and aPPl'atSefS who, on the dale of the effectMty ofRA NO'.964S or as 0130 July2009, hotd pemlBnenl apPO!fltrr,cnts and are performing actual appraisal and assessmentfurlC!!ons mr tM last 6\'e (5) years. have passed !he Real Prope!'ty AS$e$slng Off!Ql((RPAO) examiflatiol1 conduded and administered by the eiva Service COmtl1!S$iOfl (eSC)

III coordlnahon With the Oe?ar.menl of Fnance (OOF), and ~ a v e undertakef1 relevant CPE10 the sal1sfacbon of \tie Board; and

(e) Assessors and appraJSefS \\1lC. on the date of the etlec:ivily of RA No. 9646 cs as of30 July 2009 !-,oId peflnaoen! appcwItments and have a1 len (lO) )'eatS actualexpenence irI real ptOpefty a p p r ~ a l Of asSSS'iornent and have COfl'lPle'.ed alleas.l onehundred :wenly (120) !'lours 01 acoed ited on real properly appra!S3I oondoctedby nabonafOf Inlemabonal appt31Sa1 organlZ3OOnS Of mtKutlOllsler!t:!le5. dtIy certified by

the DepaFtul€\1t of FlOance (DOF)« any Oiher pertinentnalooal govemmeoi agencies or

G o ~ - e r n m e n ! (Mlled and Controlled Cct'poraIlOnS (GOCC) as tne case may be, recognized-oy lIle 8oaro and relevant CPE 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)CPE cted-t unItS Premed ThaI \tlose s c e ~ l n g to be licensed to anew credeotJalle-.el s h a ~ 1 be required1,0 take the pemne"lt 80atd hcer.sure exatnmaooo for real eslaie SeMCe pracblJOOeJ1

Those SO exertllt unaer the a;orementJOCleCl categOOes shall fife mel!" ~ l l O O Wlthil MtI (2) yws

from the effectMty of RepublIc: Ad No 9646 or unl;i :xl July 2011 . ProvIded, Thallhe renewal of theprofess.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 '

1. Original " '" """0)' 01 Cerofi<a:e 0IlM> Birth I Birth Ce<i1ical. INSO). '" <aidpassport. or any oIhef proof of cruzensh;p;

2. 0Ji0;na1 and photocopy of CerllflCa!e of ReglstJaoon (COR) and 1 or ProfesSlOO3lldentificalioo Card (PIC) or OTlllcEnses,

3. OTI Certification of Rating (fa those ...tc passed the eGfTinaIions bot {aile j 10 obtain their§wise),

4 Ong;nal and photocopy of rJ81 Clearance,S. Duiy tlo!arize<l CEPlCPE Certiftcatial,6, Civil Service C o m m i S s ~ n Certificmion. OOF, or any other nal!ooal government agencies.

c:. GOCC C e r t i t i c a ~ O I l (assesSOfS or governmf!111 3ppraiSe1S). or any certlficaoon ofaccredited semL'larlvaining I/fovlder, ,

7. Appomttnent papers and servICe recools to p!'"ove appraisal 01 assessment experience (lor

asscsSQl'S 01' government appraisers),8. Orig:nal and ptlG:ocopy cf Marriage Certif!C3te t Cootract of Marriage (NSO) (if

applicable).

9. FOUl (4) passport SJ2.e colored photos ""'ttl complete nametag in wtute b a c k ~ n d , onginaland phoIocopyofconm.mity fax certifICate (CTC) ,and surety bond lot Real estate broil:ersand p!iVCI!e rea! estate appraISers

.21, Rewlatemer.t. RrHssuance or Replacement Gf Certificate of RegJstratm Professicmal

ldentJ/icatOl Card and SpecJaVTempot1JfyPetmit.-The Soan:! may, aftef the of I'ItO (2)

years /rom !he date cf revocatIOn of a oertJficaIe of 'egJSltaiion and/or pcofessiMalldeoliflcafioncard, and upon application and COI'Tllian<::e wth !he required CPE units, and lor l€asOl'lS

deemed ptOpef and sufficient. rl!Vlstate any~ ¥ O k e d ~ f i c a t e 0(

regiSCJatial and reissue asuspended pofess!Onai t d e n ~ § C a t m card and Ifl SO doing , may, in its discreoon. exempt !heapplicant 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 practicereal eslate seMce professatAnew cernfoc.ale of regisll'ation. profess.otlal i d e n t i f l . ~ a t i o n card

or s ~ r y pen1lIt may be issued 10 replace Iosl, destroyed or rruiilale<l ooes, subject10 the rules as may be prorr.ulga!ed by the Board atId the Commr$s;on, upon payment of thereqwed fees therefor.

. 22. Rosier of Real Estate ServICe Pract;'lIt:irnn; The Board, in COOfdmation WltIllhe AIPO of realesta:e service practiooners, shall prepare, update and matr.1aIfl a roster of real estate servICe

r x a a i ~ 't'I.'tid', shall contain the oafl'lQS of ail registered real estate SE!fV!ce practitioners,

their residence and office addresses. \ic:eOse no/llbers. dates of regtsLrabOO fX issuance ofcerllfica!es, and other dora wh ich the Board rr,ay deem pertinent. Copies thereof shan be rr,ade



. 23. Issuaoce of Spec;alflemporary Pcrmft ,Upon a p p l ~ h O ! ' l and payment of !he reqUired tees andsubject 10 the approval of lhe Comrrussoo . the Board maY 1ssue 5 p e c a l ~ a r y permit to realeslate service pr3clit.onels from bf6ig'n countries whOse sel'.'ices are urgently needed in theabsence or una'laitabilily of local lea l estate serYl::e practitioners for the purpose of promoting or

enhanctflg the pracbce 0( ltJe profession 11\ L'le l ~ p p m e s .

. 24, FaJllign ReciprocI1y. No foreign reat estale SeMce piactitior.er shall be adnitted to !he flCef\SUfeex8!TIInalion. be gi\lE!(! acertlficale of regrstratioo or aprofessicrull identification card. be issued

a SpeCIaIITempool:)' Pemlit. Of be enlltled 10 any of the ptlYiteges under RA No. 9646 andthe 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 s u ~ ! O approval h¥ the Coomssioo . shal 9C_sn Itle prcMsions of the forBgoIng-sec.23 and of I!ie herem Sec 24.

RULE IVPRACTICE OF REAl ESTATE SERVICE

. 25. Oitl/t· AI surressful e.l.a!'l"MflEeS 1 i e d for r e g ~ t r a l i o n . all qua/if,ed applicants for registralioowithout e:Kaminalion ar.d accredited e 5 p e t S O O s slkil be required 10 lake an oath betore anymember of the BoarO or any ob of me Commiss:oo duly auttu;lflzed by itIe Commissionto adml(lister oaths pnor to enlenng .nto the pracl!ce of reaf esla!e semce in !he j ~ P P l f l e SProvided . That the rr.ass oathtakJrlg of the fOfegOOlg mOl)' be i n ~ i a t e d and sUpeMsed by theBoard!n coordination with the AIPO.

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

. 21. Ads Cor.sttvl'Ulg Ihe Prad/Ce 01 Real Estate SeMce.. Any Mgle ad or transaction embracedwilhin tile pn:1VlSioos of Secbon 3(g) Rule II hereof. as Pdformed by real estate seroiCE!

practJtiorJets. shal coostitute anad

of ertgaglf'lg mine prat'Aice ofteal

estate 5eMCe.

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

(a) " " ' pe<SOo", ",tun>! Of ~ n d ~ ..to " ... _'I perlcnn by ~ m s e I I ' e < s < l f the odsrnenbooed in Section 3 hereof 'NIth reference \0 ms.1ler Of its own propet/, extepl: lealestate developers Yoho are regula!ed by and feglStered with !he HouslI\g and land UseRegu!alO!y Board (HlURB) pursuant 10 law and oItler resoiutionilregl!!aliOOs such as bul

OOIlimi1ed:o Presidential Decree (PO) 957. as amended. and Batas Pambansa BIg. 220and their Implementing Rules and Regulalioo$;(b) Any recel'ler, !rustee or 8SSIgMe ItI bankruptcy ex IIlSOIvency proceedings ;.

- - - --- -- - - - ----



(c)

(')ArlY ! = ~ c n a>::i.inr purSuant to the ordCtl' of any court of !us!\:-e;Any persoo who is aduly ccnstituled a t l o m e i ~ n - f a c t fur purposes of sale, roortgage, leaS€ or

exch<mge, cr olh('.( I ( l f C M ! r a C l S of real estate, ~ ! h O l J req"mr-e ilny form of oomp<;nsatkr.or remutum!oon; rum .

(e) Public OIfu::ers in .De performanoo of t M i ~ official dl!:ies arK! tJ:!lctom, except govemmeflt

aSS€SSOfS and 8waisefs.

29. 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 servicepractilioo&. Of use me title, v.urd, letier. figure or any sign j.er.ding -!a C/.X'fYf')j the impression that

ooe is 3 rea: estate 5e",ice pOOiliooer, IX advertise·C{ Indicate in any lTlS;-:r;et \ma!soe'le, mat ooeis qualified 10 p-acfc€ the profession, IX be aprnnted as real pmperty or asse$SC( in any

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 ,eXC29 t as c t . ~ pro'med in RA No. £t45 and !he!RR is a ickler ofa 1a1.;C .::eru!i!::<:fe oj regIsi:ation a."ld ;mfessional !der,fification cam or a valid speciait

lempaary duly issued to h i m ~ 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.

9646.

. 30 , Pos.funs in Government Requkirlg !he Ser.?ces of Registered ar:d Licensed Real Es!ate Service

PracJilionent - W i : . . ~ i n Itreep) years frtm the e ~ e c t i v i t y of RA No.9$45, ali -exlsling and new posilioos

in me na:ional ar.d local governments, whetne: C<lteer, p € m ' l < l r l e , ~ t , temporary or (;fJr,tractuai,

prlmarfty e{lumng the servlCes cf .any real estale service practiti:Jner, shallbe filled o n ~ by regiStered

and licensed real estate service r , f f i t i t i o r . ~ f S .

Al l Incumbent oss€ssoo> holding pe!Tll<.lnenl appoJntments shaN continue io perfurm their fun clioosVl'ithCUl need klr re-appo'ntmellt and h ~ t diminution of staws, (<¥tk and salary glade, ,;lIld shaH

efljoy r l ~ j of tenure. Ho-.vever, they maynot be prornoled to 9highe!' IX)SUon unt:! tl'.ey meet t r " ~ qualificatlon requirements 01hal higher position as herein prescribe:!, NcM'flg i:nRA No. 9646 and

the IRR SM :I be cttl"$:tJei to red llce any t·ene-El infe!"est, or right ooiC'tlX! by the irlCumtlents at the-

~ m e of the &la:::trr.-eni ofRA No. 9646.The a p p o i n ~ n g 8uUxmly s h a : ~ e x e r c S e his power to appointthe assessor in aa:oroanffi with the provisiom of RA No, 9646 and the JRR only 'tihen a ",acarmyoccurs . .



. 31. S t ~ 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)

yeasdCCr.Ege and hao'e urdei!p1e baiWQ and serrwwrs of at msi ~ ' l C 1 1 ' E ! (12) cedi tn!S III real

estate btoia'8ge.Those saIesper5CJlS ate registered 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-efa 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<lie:l1y (120) tranflg hClJrs real ... • \e tlokerage aoo her..oe

sub I_ltdOllinal NSO GelDficale d "Iebuti'JbiIII cmfirate.NBI certllica!e ( j 00Jca00naIat1alnmeIIla r.s equfva!ent. notarized ce1iIicate cI or semir".a: and rdarized a I'Eir

supe!\1Sll'lg bnsecI 00lkers, as may be reQJired by !he 8oan:!. Real esta:e sak:spersoos Shall be

iJOder the direct SUper.Wl atx! accountabifity of a real e s t a t e ~ . t.s sWI, !hey cannot by

lhemsel\teS be . l c r ies 10 a Mltten a;:JrewleI1t 1 0 1 ' d \ . ~ a real estate t r a n ~ a c b o n unless (he real

estate brokE!!' \'Ato has di!ec! SupertlSK;n and accoontabitity 0V€f i1em is also asignalOf)' Ir.eeto No

real estate salcspersCtl, eilhar directly IX rndireclly.can negotiate. n'!f.d3:e or 1I'a.1Sactany real ~ ! a : e transaction for and in behalf of a re.aj estate broiler .... 1f!OU! rllSt secmll19 arl a:JttlCtized ac:oeditatlOll

as real estate salesperson for t!)e estate broker. as prescr,t)ed bl the Board. Areal e>!ate broker

shall be guilty of v i d a ~ RA No_ 9646 the IRR b e m p l o ~ o g or utilillflg It!e Ser¥lCeS of a real

estate salespernon \\fIen heishe has not secured !he t9Q1Ji!'OO oc.cre:!it<lt1OO frcyn tJe Board pr1(Y 10

sUCh empIoymenL

No saIespetsoo sha'! be entitled <0 receive ordemaod a ee, C f ~ a I i o n 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 r f ! I l d e r e d « ~ done try SUCh salespEfSOfl ll 1!lrf real es:ate Iransaclicn

No violation oIlhlS ptO\1SIM ShaB; be acause b- rEMX.aIICIIl« suspensi(I'I ( j Irie certifica:e of regrsratKn ofII'le real estate bdler I.i!1Iess tl'Iefe was adl :' k n o ~ 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

. 32. CotpQlKe AClG<'i:eolthe Rea Fsrate Semce.

(a) N o ~ C I caw f"flshal ergage n !hebusNss of re<ies!a'.eserw;:e ur 'ess lis duty

teglSlered <M!ti h:! Securi:les aod CotI'IIISSIOl (SEC) and !:Ie pefSI)nS auflon..-edto a:I klr 1M patb'lership «cap:ra!iOn are at dUly regis:ered .:n11icensad rea estate 00:lkers.

as !he case may be The p3IVier'Str.;l or $hal regUartfSlbl'lta lis! of ItS realestate 5efYI::e pradbsoe:s 10 !he O:mli:;oon ald to the SECas part eX

its annual rep::lItoiai reqluellle!lls.There SklaI aI ~ a s l be ()O@ (1) real estate broker let

every twenty (20) au::Iweed saiespefSOf'LS

(b) OIl'isions a deparlmeots of partl)etShjps ¥Id a-poaooos engaged in mal1<eti.-.; or seilu1i anyreat eslate development P<'I¥!ct in the regular CXJtJrse 01 hlisiness must be !'leaded by full-lime

registered and ~ c e r . s e d feal estate broilers.(c) Branch offices 01 ea! esta te br-okers. appr8!sers or OOf)su lta'lts must be manned by aduly

licensed real estate Woker. appl'aiset Of consultant the case may be.

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,



34. AccJ&dllalion and lJl!egratkm of Real Es!ale Ser<.7re AssociatiOns.· All real estate sernce

associations shall be i n t e g r a ~ e d imo OIle (1) national OI'gan ization , which snaU be recognaedby the Boom , sobjec!: to L.,e approval of !he Commission, as !he only ac(redited and integratedprofessional orgalllza\K)(1 of rea! es tate servICe practlttooers pursuant io PRe Res. No. 20(}4. \78,5efies or2004

ArealestateSCl'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. subject10 approval by the Cornfr6s!On. shall ISSue a ResoIutlCr! 00 !he membt'fshlp an<! payment atthe lee as a ffiQIJIIefllffll fer the renewal of the Pro!em:x'!iII Identilic:atiOIl Card. The

aotoma!Jc membership in !he a::oe1ited and Iltegrated profesSional organtZd.Klfl of real eslill:e

seMCe practlOOners shall no!: be a bar to membership in otl1ef associalions of real es'.a:e servicepractitioners .

. 35. Code 01 Ethics and Responsibiibes (OT Real Eslale Sef\'Ice PractiJonefS.- The Beard shal l 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<l professiooal orgarJz.11!OO (A1PO)of real estate seMCe pracritlalets.

. 36. Continumg ProtsssiOrlsl fdlJl"...aIion rCPE) Program.- The Board shaii i!.eveIop. prescribe and

promulgate gU ldelmes 0I"l CPE upon ccflsultation ....llh the accredIted and inlegtaled professIonalorganization of real estate service practmoners, affiliated asSOCIation of r e a ~ estate seNice

practillOflers and olher conceme-d s e d o r ~ 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 TheSoard shall create

aCPE Cooocil that shall be composed of a c h a l r ~ o o comll"lg from ,he Board, amember from

the accredited and integrated professiooal organization of real esta teservice practitioners and amember 1/0!'I1 the acarJeme .

. 31. Enforcemen l A,ssistan«J 10 ·the Board.- The Board shaUbe assisted by tr.'t! Com:mSSIOl'l incarf)'iOg out the provISions of RA No. 9646 and the IRR and other pokdes. The lawyers of theCommISsiOn shall act as pfClSECJlors a g a . ~ 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.

. 38. Indica/lon of the CertifIcate of Regis(talJO(l. ProfessmaIldefItif1caf ian 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 d c o J ! ! ' l e f I ~ hefshe slgOs. uses

or issues $I'! conne : lO/'l with the practice of hlSffier profesSion

RULE Y

PENAL AND FINAL PROVISIONS

. 39. Penal Provisions.- A!ty vioIatio."1 of RA 9546 , indudIng violations oj \tI iS 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



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<l or cooser.!ed to or knowlIlgly

!Olefa!ed such waboo shall be held directly liable and responsible lor the acts as pnoopat or as a co-pflncipail'iith the other partICIpants if any

.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 /tiefunding of whtdI shal be II'Iduderl If! !he annual General Appropnabons Act afld !hereafter.

. '1 . Ttar.s.fCJ'y Pr(W!sion.· Wiltbn ni!".ety (oo) days the e ~ J " . i t y of RA No. 96016, !he OTi .

Bureau of Trade RegtJla!Jon and Consumer ProtectlOO {BTRCP} shall transfer aft pert:nenlrecords documents and omer ;natenals 10 troe Professional Regu;atory Soard of Real Estate

50"""

. 42. Implementing Rtie:s and Regt.Jlatioos.. \'{l".h!n 511: (6) monlhs afta' the elfectvily of R.A. No,

9646 , Ihe ~ i o o Iogettoef Wl'JI the Board and the accredited artd inteQraled professionalorganizauon 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. ~ e d 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 theeomm.. ",

NOth ing 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 ~ a l ! ! , leg.dated by an'j other profess!OIlal regulatcry !aw.

43. Separability Clause.- If any cl.a:;s.e, sentence, paragraph or part of the IRR shall 00 declareduncons6lUhcoa! Of !l'\valid, SlJch jtidgrr.e;t shan not affett , i n v a ~ d a t e or impair any other pan

the-roof

. 44. Repealing CJ8Use.

1 Secbons 3{e) and (eel ofAct No. 2728, as amended by Act No. 3715 and AcI No 3969,

SeCbiJ,'\S 4n 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 otheradrTllllstratr..e tssuances or p a ~ thereofwh.ch are iru:UWs!en1 w.th tre pI'OVISQ'IS of RANo. 9646 an1 ! 01 the IRR a:e hereby iOOIfdied. superseded Of tept'8'2 j aa:ordin.gly.

. 45. ElfedMy' ThelRR shallilke effedafter fifteen(15) days IoIIcIWlg i'.s tuB a o d ~ e t e puhlra!Jonitllhe Off'.aaI Gazer.e Of ItI a rr,a-p dar/ newspaper of gene!a! On::ula1lOn in the PiliIippines



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

,-----

eDUARDO GuTieRREZ /ONG

Chairman

MON C.F. CUERVO I I IMember

, tnc>'-'

I be,

ATTESiED BY :

RLOS G. ALMELOR

~ r ~ l : a r y . Professional Re9ulatoly Boards

APPROVED:

ASAlNlRJEGOiRCFCIBCCfRMf!FCD tCGAlClE:belh

SANC.CHOA

'<'Iember

.£;1-;(';(,.........NILO L R ~ : : ~

CommissIoner



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

or It:(AL ~ " ' T A T £ SER.VICf: (PR.IJRIi:S)

2010

.. LInd - lq:t"CSC1\!5- Real E I ' ~ l c

.. Strocu.<n5 - r C p i = 1 j m p " o ~ ~ l t I o e l l l $ on the I.lnd $lICh u R ~ i d m U a I . I l ¥ I u s t r ~ L ContIMfcial& illsUl ..li<!na1 buiklings

.. l l l ~ - rcpri::>CnI the rea! cs.tafC ~ 1 c c p:'aC!lti<>Dcn 1..:h U 1'Q1 oweoomuttants. ,u l app'3$cn,. real C$!a\C "d"sC$SOf$. and real e5!a!C broten &:

, ,-• Rt'd , Whit ... Ollie alld Ycllow·· hI? ' 1.1 eolOi ofth¢ PI'IIlippl!le Illig

.. Blut' - cllior o f _ ~

•

.. Ris ing 3"11 - t e p f ~ f \ O 1he ,,'Ita! rale. or 1M: re:t! "'-'1).10: ~ f : n ' ~ i r ' < l n c r 5 in the

rocial, political. economic di:vdopaA!m and pn'lgr"s orille I"'IuJippmcs.

•

Resa Law Irr

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