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.A blog of the latest real estate news, information and properties in the Philippines. Filipinos or not, use this as a guide on how to make make a real estate purchase or rental in the Philippines. We will also feature real estate properties worth checking out. Properties like Alabang, Fort Bonifacio Global City, Makati, Ayala Alabang, Laguna, Tagaytay, Batangas, and Boracay.

Have you heard about the Real Estate Service Act law?

 

Better known as RESA law, the Real Estate Service Act of the Philippines (Republic Act 9646), wasinstituted to professionalize and regulate the real estate practice in thecountry. This RESA law has been signed into lawby President Gloria Macapagal-Arroyo last June 29, 2009.

With so many unscrupulous persons around dealing in realestate, I think this law will provide the change that is needed to professionalizethe industry. The Professional Regulation Board (PRC) has been tasked to implementthis act. Some professionals under the PRC are the doctors, nurses, teachers, accountants, to name a few.  With PRC at the helm, colorum real estate practioners will be a thing of the past hopefully.  

Toelevate the standards of the practitioners in the industry, future would-be real estate brokers will have to take a Bachelor’s course in Real Estate atan accredited university in the country. 

So many changes but for the good of the industry and the public. It provides them the necessary protection.  

To read articles about RESA, click here : http://www.realestateseminarandreview.com/archives/resa-irr-full-text/

 

Published Wednesday, August 11, 2010 9:35 AM by Chona Esguerra
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