Month: February 2018

National Code of Ethics and Responsibilities for Real Estate Service Practice

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PREAMBLE

The Real Estate Service Practice, an honorable profession, a calling to strive for excellence with the vital role in the social, political, economic development and progress of the country by promoting the real estate industry, stimulating economic activity, shall be developed and nurtured into a corps of technically competent, responsible and respected professionals, whose standards of practice shall be globally competitive. As such, real estate service practitioners are bound by a code of conduct, morals, and values in the performance of their duties and responsibilities to the public, their client, the government, fellow practitioners, and associations.

Therefore, it is essential, imperative and necessary to adopt this NATIONAL CODE OF ETHICS AND RESPONSIBILITIES FOR THE REAL ESTATE SERVICE PRACTITIONERS that will govern their rule of conduct.
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Republic Act 9646: Real Estate Service Act of the Philippines

Republic of the Philippines
Congress of the Philippines
Metro Manila

Fourteenth Congress
Second Regular Session

 

Begun and held in Metro Manila, on Monday, the twenty-eight day of July, two thousand eight.

Republic Act No. 9646             June 29, 2009

AN ACT REGULATING THE PRACTICE OF REAL ESTATE SERVICE IN THE PHILIPPINES, CREATING FOR THE PURPOSE A PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES

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PRB MLS Terms and Conditions

As practicing Professional Real Estate Brokers, Appraisers, Consultants, we HIGHLY encourage  EVERYONE in this group to observe the following guidelines and ABSOLUTES when POSTING:
 
✅ Each post should clearly indicate the following:
 
For residential:
👉Description of the property whether for sale or lease, joint venture and the like. 
👉General location and description, such as lot and floor area, no. of bedrooms, toilet and baths, parking
👉Brokers Professional Fee (BPF) and sharing when applicable
👉State listing if direct or working with a co-broker, with or w/o ATS
👉State name, mobile no. Realty Board affiliation when applicable and PRC No. (email address is optional) 
 
For Commercial/Industrial 
👉Description of the property whether for sale or lease.
👉General location and description, such as lot and floor area, no. zoning and classification, parking.
👉Brokers Professional Fee (BPF) or its sharing when applicable
👉State listing direct  with or w/o ATS. We encourage only direct listings
👉State name, mobile no. Realty Board affiliation when applicable and PRC No. (email address is optional) 
 
✅Only postings related to our profession as licensed professional real estate brokers are allowed. Pls refrain from posting unrelated articles. 
 
✅Absolutely NO postings of political views   / opinions / preferences shall be allowed in this group. 
 
✅ As there are venues for legitimate grievances and or concerns related to our profession, posts of BASHING and or RANTING against a co-broker, developer/s and the like is not allowed. 
 
✅We encourage postings of valid information/official documents from government agencies, its publications/memos, updates on ordinances and laws which directly and or materially affect our practice as licensed professional real estate brokers
 
✅This group’s admin shall call the attention of posts that does not conform to the guidelines listed above, likewise the above guidelines maybe revised and or modified with the aim of improving the business matchings of our fellow professional brokers.
 
✅Admin reserves the right to delist those who have been repeatedly advised to follow this group’s guidelines/absolutes.
 
Thank you for your support, understanding and cooperation.
 
PRB BOT & MLS Committee 
Updated September 2021 under Jaker De Claro