certified!

CERTIFIED!
Official REBAP Newsletter
ISSUE NO. 2 June 2013
Inside this Issue
Cashing In On..…..……….……..2
Real Estate Boom....…..…..….3
Ayala Land’s Brand…………….4
REBAP Acquires Additional Office
Space From CREBA
REBAP INC, recently bought an additional 30 sqm office space from CREBA. In effect, REBAP will now be occupying the entire second floor of the
CREBA Bldg in Quezon City, as the existing 50 sqms space is already operational. Members will now have a training facility that has been long awaited.
Most of our Council of Leaders have already envisioned this project long
before we even have our respective licenses. They even formed a financing body to consort this endeavor for us dear members. Mostly dished out
considerable amounts so the program would be realized sooner than anticipated. And with a conscious effort from several batches of Board of
Trustees, that this project has now been realized. Now, that is a true testimony of love for the association.
We see much clearly that soon enough, the additional office space can
hold pocket seminars & conferences for the members’ educational needs
thereby optimizing productivity.
Under REBAP’s wings, we thrive!
Chapter Affairs……….………….8
PLUS!...................................12
PLUS!
Section Features

PRC Renewal Guidelines

HLURB Update

CPE Schedules

20 Most Commonly
Committed Malpractices
CASHING IN ON THE PHILIPPINE ECONOMIC BOOM
By CRB Lizette R. Reyes
Who would dare step out from an airconditioned room and feel the scorching heat pierce through your skin? We
did! On that fiery hot day of April 4, Palacio de Maynila was filled to the rafters.
Not even the bipolar weather could
prevent Rebap members from trooping
down to Manila to attend the 1st National General Membership Meeting. 400
plus men and women, young and the
“more experienced”, beautiful and the
more beautiful personalities gravitated
towards each other to listen, watch and
learn all that this GMM has to offer.
Hosted by LMP chapter, members and
sponsors became excited and checked
out the five reasons for attending the 1st
NGMM:
1.Educational CPE discussion on the
Investment Priorities Plan that would
help us maximize our income during
the current real estate boom
2. Enlightening keynote speech about
Public Private Partnership projects that
may enhance our business
3. More income opportunities when you
learn about the newest projects of and
get accredited with several reputable
developers and companies
4. Elegant venue conducive for networking and socializing
5. Sumptuous food
CRB Roland Angeles, a most soughtafter CPE and CREST Lecturer did not
fail the expectations. He gave information on cashing in on the economic
boom. News of the booming Philippine
economy today is a clear testament
that the country is currently well on its
way to becoming the next powerhouse
in Asia and even the World market.
Investing in the Philippines is starting to
become popular again. Contributing to
this includes the relative political stability given by the popular and incumbent
Aquino Administration, fiscal stability,
incentives supplied by the PublicPrivate Partnership (PPP) infrastructure
initiatives.
Atty Rommel Antonio Cuenca, the Director of the Legal Service Department
of the Public-Private Partnership Center
of the Philippines delivered the goods
when he presented The Philippine PPP
Program. The three-point agenda which
he emphasized are: the program is
geared towards inclusive growth; PPP
is a strategy to accelerate infrastructure
development; it involves the private
sector as a partner in development.
With an economy where all indicators
are positive and years of sustained
growth is expected, the upside potential
from tourism, foreign direct investments, and public-private partnerships
promises a better future for the property
sector in the country
Highlights from the 2013 REBAP’s
1st General Membership Meeting
hosted by LMP Chapter.
By CRB Lizette R. Reyes, Secretary General,
Member: Mandaluyong Chapter
2
PHILIPPINE INVESTMENT
PRIORITIES PLAN
2013 Policy Thrusts
1. Establish an integrated and coordinated transport network for
passengers and cargo
* Additional Commuter Rail Lines (LRT 1
Cavite Extension, LRT 2 Masinag Ext.,
MRT 7)
* Integrated Transport System (Intermodal
Bus Terminal Facility) * North and South
terminals Bus Rapid Transit (BRT) lines
(Cebu, Ortigas, Makati)
* Integrated Luzon Railways (Luzon-wide
Railway Project) Pasig Ferry System
* Improvement of PNR commuter service
* Interoperable Automatic Fare Collection
System for transport systems
2. Bolster tourism targets through
the construction and reinforcement of transport infrastructure
* Night-rating of 8 airports (Tuguegarao,
Busuanga, Roxas, Dumaguete, Dipolog,
Ozamiz, Cotabato, and Butuan)
* Airports that can accommodate more
passengers (including international) and
larger aircraft (Laguindingan, Mactan
Cebu, New Bohol)
* Privatization of operations and maintenance of airports (Mactan-Cebu, New
Bohol) Puerto Princesa Airport (concept
design ongoing)Laguindingan Airport
(final stages of construction)
* Airport Improvement projects for bidding
(Butuan, Cotabato, Dipolog, Pagadian,
Tacloban)
* PPP projects for bidding (LRT 1 Extension, Mactan-Cebu Airport
* Interoperable Contactless Automatic
Fare Collection System for LRT and MRT)
Excerpts from CRB Roland Angeles’
REBAP 1st National GMM
CPE Module
Visit us now:
www.rebap.com.ph
REAL ESTATE BOOM— What can you do now?
FOR BUYERS AND INVESTORS
Strategy #5:
Buy now and lock in.
The boom in the residential market is brought about by the decline in interest rates and this is working in two ways, says Leechiu. “one is that borrowers now have easier access to financing and that the other way is that the
developers are awashed with liquidity being offered by banks to them.”
Some banks are now offering 25- and even 30-year mortgages at fixed
annual rates of 10% to 11%. For end users, now is the perfect time to buy
your dream house or condo and the best time to finance it at fixed rates. “It
can ‘t be kept this low for the longest time so it’s a good thing if you can
lock in your mortgage rate,” advises Raymundo.
Seriously consider buying real estate as an investment, Herbosa says as its
great wealth creator. “It’s a self- liquidating concept. You buy with just a
down payment, and you rent it out to pay for the amortization, “he says.
Financing a property for say, Php 60,000 monthly amortization and renting
it out for Php 600 per sqm will yield 1% a month or a 12% annual return.
Unfortunately, Herbosa notes, “the average person is not using OPM (other
people’s money). The sooner you use OPM, the better off you are.”
Of course, there are always risks. The important thing to remember, adds
Raymundo, is “if all else fails, make sure you like a property enough to live
in it.” So always look for the key elements of a good residential property –
location, the developer, the amenities, and nearby facilities. Even if you
can’t rent it out or sell it in the short term, you can enjoy your investments in
the meantime.
Strategy #6:
Invest in smaller units.
Global Property Guide advises buy-to-let investors to choose the smallest
units within the central business districts. Its report noted that the smallest
apartments in each segment earns the highest yields: “For instance, studio
apartments in the prime areas of Metro-Manila can around 13%-15%. But
the highest returns are available on the smallest studios (30 sqm), which
earn rental returns of an average of 15.1%. Larger studio condos (40 sqm)
earn slightly lower returns (12.9%).”
Cruz explains that studios are great investments because of end users,
“additional space and other luxuries are of secondary importance. This is
why smaller units close or within the CBDs have the highest rental yields.”
And it’s the same pattern for other condo units such as one-to two bedroom
units. The smallest ones earn rental returns of 15% compared to 11.5% of
bigger units. “The smaller the unit, the higher the yield,” Raymundo says,
explaining that on aper unit basis, a 3-bedroom condo in Rockwell may
have a higher yield than a 3-bedroom unit in Fort Bonifacio, even though it
is smaller per sqm.
Strategy #7:
Go south, north, and east.
Leechiu says, “Makati and Ortigas CBDs will still lead the rest of the areas
where there are concentration of business districts. Not far behind, and we
foresee that it will even overtake Ortigas CBD in terms of capital value appreciation is Bonifacio Global City.” That is if you can still afford it.
If prices in the CBDs are beyond your reach, try emerging areas such as
Rockwell, Eastwood City, Villamor, EDSA and the Bay Area. “People now
have more choices,” says Raymundo. In addition, Cruz notes, “something
(Second part from previous issue)
to watch-out for is the development of the Quezon City Central Business
District in the North triangle. The UP Science and Technology Park in UP
Diliman is also part of this development.”
If those are still not within your budget, you just have to go outside the metro.
Raymundo says, that aside from the traditional booming provinces of Laguna,
Cavite, and Batangas, “what’s starting to sprout is Pampanga.”
To be sure, the National Capital Region (NCR) consistently remained highest
at Php 9.7 billion, accounting for 37% share to total value of construction.
However, the CALABARZON area (Cavite, Laguna, Batangas, Rizal and
Quezon) ranked second with 25.5%, according to the National Statistics Office.
Alleje says it has “always been the south of Metro-Manila (that’s a growth
area) and then watch out when the SLEX (South Luzon Expressway) and
STAR (Southern Tagalog Arteliar Road) connect. We expect a boom in the
Batangas area.”
Go where the big players are going. Ayala Land, for instance, is developing
Canlubang with its Nuvali project and has launched projects in Taguig, Manila, Rizal, Nueva Ecija and Bataan. It is also building up its strategic landbank in Bulacan, Pampanga, Cavite, Rizal, Batangas and Iloilo.
Strategy #8:
Try leisure property.
You certainly have to sit up and notice when retail giant SM Investments
decides to get into leisure projects, with the launch of Hamilo Coast. Ayala
Land is also moving into this space in a big way, with Anvaya Cove. Herbosa
is bullish on tourism and resort projects with major developers aggressively
“land banking.”
There is a big push for tourism in the country, as we vie for five million tourists by the year 2010. “The Philippines is becoming the new Hawaii for Koreans, Russians, and Chinese, shares Herbosa.
Raymundo says that the leisure segment is starting to go up. This is a great
time to buy, he recommends. “In 1996, leisure properties like Punta Fuego
were the sole domain of the rich. But now, there is a democratization of leisure.” Properties such as Calatagan and Hamilo Coast offer mid-priced units
that make them affordable for the middle and uppe-middle class.
But as an investment, they are usually the last to go up. “Golf prices and club
shares are still down,” notes Raymundo. But as a way for you to finally enjoy
the lifestyle of the rich and famous—although in a smaller unit—this is certainly a good time to buy.
Investing in the real estate is not for the faint of heart. Nor is it for the patient.
But whether you’re on the seller or buyer part of the equation, opportunities
abound. And so do risks. Nevertheless, Leechiu says, “Property investment
always comes with high risks. But these risks can also be managed. Whether
you buy a simple house or build your own high-rise building, you should know
how to mitigate the risks involved, like renting out the house—if you still don’t
need it, it should be able to self-liquidate—or forming a joint venture with an
experience player to build the high-rise.”
“An investor should always know what the product is, when it will be available, and where it is located. A sound property investment is not bound to cost
you money, even during down-cycle times,” he points out. But now that the
market is up—and the trend does seem to continue in that direction, barring
any major outside forces—there is no better time to get into the market than
now.
Excerpts from Money Sense Magazine by Heinz Bulos
3
REBAP’s CPE Schedules
Global City Chapter
11 Units
Max’s Forbestown, Global City
Mar 23, Apr 12, May 17, Jun 14
REBAP Marikina’s Hyper-activity & Synergy
The members and officers 2013 of REBAP Marikina City have reasons to be more and
more active these days. The long awaited application of the REBAP Marikina City Cooperative has been approved and released by CDA last Feb 2013, and it won’t be too long
that the fruits of the brain child of CRB Cresencio Selispara will be realized. Except for
some minor hitches that have to be threshed out and barring any unexpected events
and circumstances, CRB Selispara said the Cooperative will be operational in the 3rd
Quarter of 2013.
Another reason was the success of the very first CPE seminar tendered by the chapter
last April 19 and 20, 2013, the result of which, was way above expectations. The attendees on the first day was fifty(50) and fifty one(51) on the second day.The 3rd and
4th day of the CPE seminar will be held on May 17 & 18 at 50 Semicon Building Marcos
Highway Marikina City.
Once again it has been proven that the great things are possible, when there is unity in
action and spirit.
By CRB Leila Alcantara, Marikina Chapter 2013 President
REBAP Makati: Hotel 101’s Catalyst
To be a Project Lead Coordinator, as conceived by the Makati Chapter, a member representing the
association must be able to negotiate with a developer a commission above the standard rate. A member should submit a letter of request to Business Development Committee for review, then elevate the
letter to the Board of Trustees and Officers for approval. Only then would the project be introduced to
the members with an agreement that for every sale, standard commission would be given to the direct
broker, then any additional commission would go to the project lead coordinator and a pre-specified
amount would be donated to the chapter.
At the March 2013 Business Meeting these projects were introduced:
Mr. Derrick Hartman, Sales and Marketing Head of Hotel of Asia Inc. presented Hotel 101
Manila.
Hotel 101 is a 15-story condotel with 522 identical, hotel-grade rooms, measuring 21 sqm each. It is
conveniently located near Mall of Asia which is minutes away from the airport, Makati central business
district and some of Manila’s best entertainment establishments. The lead coordinator for this project
is CRB MayAnn Fajardo.
CRB Emie Pulido is the lead coordinator of Versailles which was discussed by Mr. Allen Roxas, President of State Properties Corporation. Within the 75 hectare development you discover generous land
cuts hosting stately Mediterranean homes, splendid landscaping adorned with plenty of greens and
foliage, plus intricate design elements on grillwork, sculptures, carved patios, lamp posts, water fountains and pocket parks that exude a playful hint of European charm all in Versailles.
Then
Mr. Eric Bustos of CBD Chapter presented the new website of REBAP Makati Chapter
www.rebapmakati.com which can be used as an advertising tool for all the projects that would be handled by lead coordinators to create business for our members and association.
By: CRB Al Roque, Makati Chapter 2013 President
8
Global City Chapter
12 Units each
DMCI Royal Palm, Taguig
Mar 23, May 25, Aug 24, Nov 16
Quezon City Chapter
12 Units
REHUB, Quezon Ave., QC
May 18
La Union Chapter
60 Units
Sea & Sky Resort Hotel, LU
May 18, 19, 25, 26, Jun 1, 2
Cebu Chapter
12 Units
Diez Bldg, Cebu City
May 16
Upcoming Events
June 27
2nd National GMM
Host: Global City & Laguna
Chapters Makati Sports Club,
Salcedo Village, Makati
August 4, 11 & 18
Annual Bowling Tournament
Host: Cavite Chapter
Paeng’s Bowling Center
Robinsons Padre Faura
September 26
3rd National GMM
Host: Greenhills Chapter
Club Filipino, San Juan City
November 14, 15 & 16
35th Annual Convention
Host: Naga Chapter
Avenue Plaza Hotel,
Naga City, Cam Sur
North Luzon’s Educational Hub!
REBAP La Union Chapter conducts CRESR 2013;
Its 2 Examinees Made It To TOP 10 !
REBAP-LA Union successfully conducted CRESR 2013 with 18 participants at Sea and Sky Resort
Hotel, San Fernando City on six (6) consecutive weekends from January 5 to February 10, 2013
with CRB Bong Cruz as the main resource speaker.
Eleven of the 17 participants who took the Licensure Examination conducted by PRC last March
17, 2013 passed. It was held at Pines City High School, Baguio City. Two of them made it to the
top 10 namely CRB Christopher Galano, 7th placer and CRB Jerome Ocampo, 9th placer.
The other passers are CRBs Lenie Anzia, Elisa Arpilleda, Zaide Arzadon, Krizel Aquisap, Vangie
Castro, George Garrote, Joel Tadina, Cheryll Mercado and Randy Berner.
Congratulations to all the new CRBs!
By CRB John Chan, REBAP La Union 2013 President
Cavite Chapter’s Driving Force
HLURB UPDATE
During the 2013 Board of Trustees’
courtesy call to HLURB Commissioner,
Atty. Antonio Bernardo, we raised the
issue of parallel governance of our
Professional Licenses. Here are some
key points made: Status quo— Brokers active in pre-selling development
projects must renew their HLURB certifications. PRC & HLURB is currently
coordinating on synchronization of
which, details are not available at the
moment. For your information.
2013’s REBAP Bowling Tournament Host
In several ways than usual, Cavite Chapter’s energy in leading its members to success seems ever
tireless and even more vibrant. I’ve acquainted myself with some of its leaders and cheerful members
and one can’t help but notice their similarities in attitude. They’re all energetic and full of optimism. Not
to forget their sense of humour to go with it.
From the likes of its Past
President Nelson Cuizon
whose modesty exudes
to the likes of CRB
Heartee Diato and CRB
Lanie Dionido whom are
equally friendly and
warm. Recently, I’ve met
with its incumbent president, CRB Gil Ayop who’s
simply quiet but equally
with bright persona. We
don’t undermine the hilarious genius of CRB
Ronald Mendeja who can
easily make the best of
your day. President Gil
exclaimed to me their upcoming Bowling Tournament Hosting and they are
already into it, not undermining the competition ahead. Cavite Chapter is now on the roll having its
regular practices. This should be fun to watch as I closely observe the camaraderie that naturally
springs out from its members.
This
team spirit they have within each member, obviously and certainly is the moving force that
makes Cavite Members simply able and competitive. They’re a force to be reckoned with in any competition or quest. So much for excelling in their individual field of practices.
Way to go guys!
Cheers!
By CRB Ricky C. Velasco, Greenhills Chapter
9
REBAP Laoag’s
CPE Schedule
8 Units
Melchora Bldg, Laoag City
May 25 & July 13
Shining Through!
Laoag Chapter sponsors Ilocos Sur Chapter
When most of us would rather fold our tents and save the day for ourselves, there are a
few individuals who would do the opposite and tend to other people’s needs. Why is this
so?
This what Leadership is all about, when the purpose of your mere existence is primarily
for others. When one put others ahead of oneself, then others will follow the path the
leader is taking. True leadership is best exemplified by Laoag Chapter headed by its
president, CRB Rayna Rocimo and Board of Officers, CRBs Philip Ventura, Nyre Alcantara, John Ancheta, Dolly Donia, Philip Navaro, Dante Bolusan, Philip Navaro, Atty Noel
Concepcion, Atty. Meinrado Plete, et.al.
It is no surprise to our incumbent national president that Laoag Chapter has identified a
market need just awaiting to be served. Vigan City or Ilocos Sur for that matter was
quickly attended to. Its prime mover, Atty Meinrado Plete took the leap and was guided
accordingly by both Laoag Chapter and the National Board. Our leaders in the national
board have always been around for us to thrive well.
Effective and cost-benefit programs will be shared for every chapter’s request. The national board even sponsored the development of the chapters’ website. Equipping the
members for it to be professionally competent and effective in their respective fields of
specialty is simply the association’s ultimate goal.
They made things simpler and made the whole process so easy that other chapters
might want to evaluate and follow. It’s a no brainer that this steps made by our colleagues boils down to an expanded networking capability. Having co-practitioners that
are easily accessible and in the same mode and code of practice makes good business
sense, at least to my humble opinion. We can see more of an increasing real estate
transactions in this part of our country.
Tagaytay or Batangas Chapter? Anyone? How about West of Manila? These business
channels have been waiting to be served and are yours for the taking.
By CRB Ricky C. Velasco, Greenhills Chapter
Top Left: Ilocos Sur Chapter’s Prime Mover and first president, CRB & Atty Noel Meinrado Plete in his
speech & proposal of programs to his fellow co-members
Top Center: 2013 REBAP National President, CRB Tantelly V. De Guzman presenting the National &
Chapter Programs.
Top Right: Laoag Chapter’s VP-Internal Affairs, CRB Nyre Alcantara with Director CRB Dulce Calija,
program host and REBAP National’s Web designer & IT consultant, Mr. Erick Bustos.
2nd Right: Laoag & Ilocos Sur Chapters’ members and guests with Laoag Chapter president, CRB
Rayna Rocimo
3rd Right: Laoag Chapter’s CRBs Philip Ventura and Nyre Alcantara
4th Right: Ilocos Sur Chapter’s CRBs Philip Navarro & Atty Noel Meinrado Plete
Bottom: Ilocos leaders and officers of the National Board
10
REBAP’s Message
National Board’s courtesy call to LRA
Mission: To seek support from LRA for REBAP’s Advocacy
Under RESA Law’s IRR, Rule II, Section 5, item (a) “Powers and Functions of the
Board” (PRBRES), which is to “provide comprehensive policy guidelines for the promotion and
development of the real estate industry in relation to the regulation of the practice of the real
estate service profession;” We would like to forward the following proposals. It is as follows:
That, the Certification Authorizing Registration (CAR) certificate being issued by the BIR
requires and contain the following data as a requirement prior to its release. These
are: a. Licensed Broker’s name and PRC ID No., b. Licensed Broker’s PTR No., and lastly, c. Licensed Broker’s AIPO No.
That, the New Tax Declaration being issued for real estate properties should contain the
same Licensed Appraiser’s Data as stipulated in proposal no 1.
That, all Deed of Absolute Sale of any nature, Contract To Sell or Deed of Conditional Sale,
or in general, transactional documents bear the Licensed Broker’s Data prior to its notarization for submission to BIR & LRA-Registry of Deeds.
That, all public advertisements and publications be represented by a licensed real estate
service practitioner. Thus, non-licensed individuals practicing the real estate service
will be reported to the office of AIPO- PhilRES, PRBRES, and PRC.
Individual property owners should now avail the services of the real estate service practitioners to ensure that all processing under the required ordinances and regulations
and corresponding laws be observed.
IRR Ruling II, Section 5, item (h) ”Definition of Terms”, encompasses all of the abovementioned proposals and is to be taken as a measure to ensure that only licensed real estate
practitioners may be allowed to conduct their corresponding mandate as stipulated in IRR Ruling I, Section 3, items (a-g) “Definition of Terms”
The Long-Term Effect
Each of real estate-based transactions will definitely be under the management of only a real
estate service practitioner and the client will be protected by the code of ethics implemented
by PhilRES under the monitoring of the PRBRES and PRC. Taxes earned from these transactions
will be subject for remittances to the BIR and the LRA-Registry of Deeds will have a strong data
base of these transactions. Accountability will be at hand. Security for end-consumers, as well
as investors, both local and foreign will be delivered or served.
Furthermore, we are proposing that the licensed real estate service practitioner be entitled to a
professional fee having rendered its services by performing due diligence and ascertaining value
tasks. And a sales commission be established at a minimum of 5% representing its professional
fee. Expenses or cost to performing additional documentation will also be subject to a prescribed compensation.
All of these should be subjected into the appropriate taxes as prescribed by law. We will be
conducting researches and studies so we can come up with a reasonable rate.
Pursuant to the Real Estate Service Act No. 9646, IRR- Rule 1, Section 2, otherwise known as
the Declaration of Policy explicitly states that: The State recognizes the vital role of the real
estate service practitioners in the social, political, economic development and progress of the
country by promoting the real estate market, stimulating economic activity, and enhancing government income from real property-based transactions. . . . Refer to REBAP’s Message
By CRB Ricky Velasco, REBAP Greenhills
It is my honour to impart to you what our beloved association, REBAP and its board of trustees and council of leaders have long hope and
pray for. And that is to realize in full and with
direction---the professionalization of our vocation (Real Estate Brokers, Appraisers and Consultants) as mandated by the Real Estate Service
Act (RESA Law—RA 9646)
A plead in court will not be admitted without the
proper representation of a lawyer. Nor a city
engineer’s office’s approval of a building plan
without the representation of a licensed engineer. Nor a prescription or medical order without a physician’s certification and no. as well as
its PTR even its dangerous drugs license no.
Ours are no different from all these professions
yet, we are treated as co-equal to non-licensed
practitioners. With no less than, processing title
transfers, or securing tax clearances, or even tax
declaration and the likes. We as professionals
are ever willing to contribute to the economic
growth of our communities and to a larger aspect—to our country.
We even recite it in our REBAP Credo- “We believe in our sacred mission to spearhead our
country’s effort to attain economic stability and
prosperity by promoting the proper and maximum utilization of land”. Thus, we intend to
make full contribution without hesitation the
remittance of our taxes as practitioners. For
these, in our own little way, we will be able to
contribute to the financial progress of our nation.
We only ask for what is due our valued clients--that is for them to fully avail and enjoy the services of our profession—with much security that
they have competent and reliable service providers at hand.
We only ask for what is due our colleagues--that is for them to ever seek knowledge and
develop the necessary skills required from a real
estate broker, appraiser and consultant.
We only ask for the distinctive level of recognition that we truly deserve of which the government may somehow ensure that the citizen’s
right as land or property owner may be protected and served.
We have been sideswiped and ridiculed for we
have been associated with non-licensed practitioners conducting the unimaginable thing--fraud or some people call it deception that they
are just the same as the licensed ones. We humbly seek your support on this.
The PRBRES, PRC and now the new AIPO
(PhilRES) has now the opportunity to straighten
things up. The BIR, Registry of Deeds under LRA
and all the municipalities’ treasurer’s office can
do likewise. The ultimate beneficiaries of all
these are nonetheless our clients, the Filipino
consumer and foreign investors for they only
deserve what’s due ---service excellence that
only licensed brokers, appraisers and consultants can truly provide.
Message from REBAP to the RESA Law Forum held at the Hotel
Ariana, Bauang, La Union.
11
PRC License Renewal
Requirements:
1. Copy of Professional Identification Card (PIC), please bring
original for verification.
20 COMMONLY COMMITTED MALPRACTICES
2. 60 Units of CPE Certificates
Rate yourself by checking.
(Original & photocopies)
1. Have posted a listing without securing a signed Authority-To-Sell document.
3. Surety Bond covering 3 yrs
2. Instantly offered a property without performing ‘Due diligence’.
4. 1 pc. Passport size picture
with name tag
3. Have agreed to a Selling Price without ‘Ascertaining Value’.
4. Declared an additional party while the transaction is on-going.
5. Payment approximately
Php 450.00. If late renewal (20
5. Have promoted a property of another co-practitioner without permission.
days after date of expiration: Php
30.00 as penalty.
6. Directly communicated with the property owner formerly introduced by a
co-practitioner.
7. Pre-empted the buyer of the seller’s negotiation situation.
8. Over-priced the property exceeding the normal fee rates.
9. Claimed the buyer account disregarding the existence of a servicing copractitioner.
EDITORIAL STAFF
10. Committed to requests without the approval of the seller.
CRB Tantelly V. De Guzman
11. Did not qualify the buyer’s requirements and capacity to purchase.
12. Offered properties to the buyer that is not within his requirement needs.
13. Neglected to instruct the bank causing penalties for the buyer.
14. Misappropriated the broker’s fee for own gain.
15. Recommended performing under-valuated BIR declaration.
16. Unauthorized presence in the project’s premises.
PUBLISHER
CRB Ricky C. Velasco
EDITOR-IN-CHIEF
CRB Lizette R. Reyes
CO-EDITOR-IN-CHIEF
CRB Rhoneil Mercado
COMMUNICATIONS
17. Discounting the existence of a lead broker to increase the fee rate.
18. Marketing properties without the full commitment of the owner.
19. Claiming ownership of listing without the knowledge of the seller.
20. Neglecting to declare indirect relationship with buyer.
CONTRIBUTING WRITERS
CRB Leila Alcantara
CRB Al Roque
CRB Rayna Rocimo
Based on the number of offenses you’ve innocently committed,
consider the following recommendations.
1-5
= Ask for guidance and commit to immediate change.
6-10
= Constantly attend the Code of Ethics Seminar.
11-15
= Consider transferring to another industry.
16-20
= Seek psychiatric therapy or proceed to the nearest confession box.
APOLOGY: Our apologies for misprints and omissions committed in the publishing of CERTIFIED!
BOARD OF ADVISOR
CRB Edenliza Dela Cruz
REBAP National Office
2nd F, CREBA Bldg.,
South A. Roces Ave.,
Quezon City
632-373-2281
632-374-2496
E-mail:
[email protected]