Question

Answer
CHAIRMAN OF PRBRES
Hon. EDUARDO G. ONG, PHD, DPA, DBA

BEGINNING DATE OF RA NO. 9646

28-Jul-08

4 members of the board PRBRES

Hon. Ramon C. Cuervo, Hon. Bansan C. Choa, Hon. Rafael M. Fajardo, Hon. Florencio
C. Dino II

MAIN IDEA OF THE IRR OF RESA LAW

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 called as the Board...
SEC. 5 (c)
Issue, suspend, revoke or reinstate, after due notice and hearing, certificates of
registration or professional identification cards for the practice of real estate service
members who shall be appointed by the President of the Philippines from the three
recommendees chosen by the Commission from a list of five nominees per position
RULE II SEC. 4
19 POWERS AND FUNCTIONS OF THE BOARD
RULE II SEC. 5
CPE
CONTINUING PROFESSIONAL EDUCATION
Adopt a national Code of Ethics and Responsibilities issued by the AIPO to be strictly
observed by all licensed real estate service practitioners
RULE II SEC.5 (f)
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground

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A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
DBM
DEPARTMENT OF BUDGET MANAGEMENT
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board
What are the four qualifications of applicants for examinations?
a. A CITIZEN OF THE PHILIPPINES b. A HOLDER OF A RELEVANT BACHELOR'S
DEGREE FROM A STATE UNIV. OR COLLEGE DULY RECOGNIZED BY CHED c. IS
OF GOOD MORAL CHARACTER AND MUST NOT BE CONVICTED OF ANY CRIME
INVOLVING MORAL TURPITUDE d. An applicant for the licensure exam for real estate
consultants must show proof that he/she has at least ten years experience as a licensed
real estate broker, or an assessor, or as a bank, or institutional appraiser, or an
employed person performing real property valuation, or at least five years experience as
a licensed real estate appraiser
Candidate must have obtained an average of at least 75% in all subjects, with no rating
below 50% in any subject
passing rate for the exam
Release of the results of exam shall be within ___ days from the last day of the
examination
10
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Only $35.99/year
Where can you check the results of the examination?
Major newspaper of general circulation and the PRC website
What is the final provision under SEC. 20 (a) ?
Real Estate practitioners falling under the above-described categories who fail to
comply with the necessary CPE requirements within2 years after the effectivity of RA
9646, on or before July 30, 2011 shall be required to take the Board Licensure Exam for
RES practitioners
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground
A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
DBM
DEPARTMENT OF BUDGET MANAGEMENT
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
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The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board
What are the four qualifications of applicants for examinations?
a. A CITIZEN OF THE PHILIPPINES b. A HOLDER OF A RELEVANT BACHELOR'S
DEGREE FROM A STATE UNIV. OR COLLEGE DULY RECOGNIZED BY CHED c. IS
OF GOOD MORAL CHARACTER AND MUST NOT BE CONVICTED OF ANY CRIME
INVOLVING MORAL TURPITUDE d. An applicant for the licensure exam for real estate
consultants must show proof that he/she has at least ten years experience as a licensed
real estate broker, or an assessor, or as a bank, or institutional appraiser, or an
employed person performing real property valuation, or at least five years experience as
a licensed real estate appraiser
Candidate must have obtained an average of at least 75% in all subjects, with no rating
below 50% in any subject
passing rate for the exam
Release of the results of exam shall be within ___ days from the last day of the
examination
10
Where can you check the results of the examination?
Major newspaper of general circulation and the PRC website
Unprofessional or unethical conduct and Malpractice or violation of any provisions of
R.A. No. 9646 are two of the 5 reasons for revocation or suspension of?
CERTIFICATE OF REGISTRATION AND THE PROFESSIONAL IDENTIFICATION
CARD OR CANCELLATION OF SPECIAL/TEMPORARY PERMIT
What is SEC. 20 of the RESA Law?
REGISTRATION WITHOUT EXAMINATION
What are the provisions for registration without examination?
THOSE whose, on the date of the effectivity of RA 9646 or as of JULY 2009, are
already licensed as REB, REA or REC by the DTI by virtue of MO No.39, as amended,
are still in active practice as REB, REA & REC, and that they have undertaken relevant
CPE or CEP to the satisfaction of the Board
What is the final provision under SEC. 20 (a) ?
Real Estate practitioners falling under the above-described categories who fail to
comply with the necessary CPE requirements within2 years after the effectivity of RA
9646, on or before July 30, 2011 shall be required to take the Board Licensure Exam for
RES practitioners
What is SEC. 20 (b) and (c)?
Assessors and appraisers who hold permanent appointments and are performing actual
appraisal and assessment functions for the last 5 years, passer of the RPAO exam by
the CSC and have undertake CPE & Assessors and Appraisers who hold permanent
appointments and have at least 10 years actual experience in real property appraisal or
assessment and have completed at least 120 hrs. of accredited training in real property
appraisal conducted by the int'l appraisal org or institutions/entities, certified by the DOF
or any other National Gov't Agencies or Gov't owned and controlled Corp (GOCC) and
relevant CPE credit units
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground
A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
DBM
DEPARTMENT OF BUDGET MANAGEMENT
Grounds for Removal of Chairman of the Board
1. Neglect of duty 2. Abuse of power 3. Oppression 4. Incompetence 5. Unprofessional,
unethical conduct, 5. Immoral or dishonourable conduct, 6. Commission or toleration of
irregularities in the conduct of examination or tampering of the grades, or 8. For any
final judgment or conviction of any criminal offence involving moral turpitude
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board
What are the four qualifications of applicants for examinations?
a. A CITIZEN OF THE PHILIPPINES b. A HOLDER OF A RELEVANT BACHELOR'S
DEGREE FROM A STATE UNIV. OR COLLEGE DULY RECOGNIZED BY CHED c. IS
OF GOOD MORAL CHARACTER AND MUST NOT BE CONVICTED OF ANY CRIME
INVOLVING MORAL TURPITUDE d. An applicant for the licensure exam for real estate
consultants must show proof that he/she has at least ten years experience as a licensed
real estate broker, or an assessor, or as a bank, or institutional appraiser, or an
employed person performing real property valuation, or at least five years experience as
a licensed real estate appraiser
Candidate must have obtained an average of at least 75% in all subjects, with no rating
below 50% in any subject
passing rate for the exam
Release of the results of exam shall be within ___ days from the last day of the
examination
10
Where can you check the results of the examination?
Major newspaper of general circulation and the PRC website
Unprofessional or unethical conduct and Malpractice or violation of any provisions of
R.A. No. 9646 are two of the 5 reasons for revocation or suspension of?
CERTIFICATE OF REGISTRATION AND THE PROFESSIONAL IDENTIFICATION
CARD OR CANCELLATION OF SPECIAL/TEMPORARY PERMIT
What is SEC. 20 of the RESA Law?
REGISTRATION WITHOUT EXAMINATION
What are the provisions for registration without examination?
THOSE whose, on the date of the effectivity of RA 9646 or as of JULY 2009, are
already licensed as REB, REA or REC by the DTI by virtue of MO No.39, as amended,
are still in active practice as REB, REA & REC, and that they have undertaken relevant
CPE or CEP to the satisfaction of the Board
What are the further provisions of the RWE?
1. Holder of a valid DTI license who has earned 15 CEP or CPE credit units 2. earned
24 CEP credit units from accredited service providers as per MO 39 or CPE credit units
from CPE Council Accredited Provider from 2007 to July 30, 2011 3. Those who had
passed the 2009 & 2008 Licensure exams given by the DTI but who failed to obtain
their license upon the effectivity of RA 9646 and who have earned 18 CEP or CPE
credit units 5. Those who had passed the DTI licensure examinations in 2006 and prior
years but who had failed to obtain their license upon the effectivity of RA 9646 and who
have earned 120 CEP or CPE credit units
What is the final provision under SEC. 20 (a) ?
Real Estate practitioners falling under the above-described categories who fail to
comply with the necessary CPE requirements within2 years after the effectivity of RA
9646, on or before July 30, 2011 shall be required to take the Board Licensure Exam for
RES practitioners
What is SEC. 20 (b) and (c)?
Assessors and appraisers who hold permanent appointments and are performing actual
appraisal and assessment functions for the last 5 years, passer of the RPAO exam by
the CSC and have undertake CPE & Assessors and Appraisers who hold permanent
appointments and have at least 10 years actual experience in real property appraisal or
assessment and have completed at least 120 hrs. of accredited training in real property
appraisal conducted by the int'l appraisal org or institutions/entities, certified by the DOF
or any other National Gov't Agencies or Gov't owned and controlled Corp (GOCC) and
relevant CPE credit units
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground
A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
DBM
DEPARTMENT OF BUDGET MANAGEMENT
Grounds for Removal of Chairman of the Board
1. Neglect of duty 2. Abuse of power 3. Oppression 4. Incompetence 5. Unprofessional,
unethical conduct, 5. Immoral or dishonourable conduct, 6. Commission or toleration of
irregularities in the conduct of examination or tampering of the grades, or 8. For any
final judgment or conviction of any criminal offence involving moral turpitude
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board
What are the four qualifications of applicants for examinations?
a. A CITIZEN OF THE PHILIPPINES b. A HOLDER OF A RELEVANT BACHELOR'S
DEGREE FROM A STATE UNIV. OR COLLEGE DULY RECOGNIZED BY CHED c. IS
OF GOOD MORAL CHARACTER AND MUST NOT BE CONVICTED OF ANY CRIME
INVOLVING MORAL TURPITUDE d. An applicant for the licensure exam for real estate
consultants must show proof that he/she has at least ten years experience as a licensed
real estate broker, or an assessor, or as a bank, or institutional appraiser, or an
employed person performing real property valuation, or at least five years experience as
a licensed real estate appraiser
Candidate must have obtained an average of at least 75% in all subjects, with no rating
below 50% in any subject
passing rate for the exam
Release of the results of exam shall be within ___ days from the last day of the
examination
10
Where can you check the results of the examination?
Major newspaper of general circulation and the PRC website
Unprofessional or unethical conduct and Malpractice or violation of any provisions of
R.A. No. 9646 are two of the 5 reasons for revocation or suspension of?
CERTIFICATE OF REGISTRATION AND THE PROFESSIONAL IDENTIFICATION
CARD OR CANCELLATION OF SPECIAL/TEMPORARY PERMIT
What is SEC. 20 of the RESA Law?
REGISTRATION WITHOUT EXAMINATION
What are the provisions for registration without examination?
THOSE whose, on the date of the effectivity of RA 9646 or as of JULY 2009, are
already licensed as REB, REA or REC by the DTI by virtue of MO No.39, as amended,
are still in active practice as REB, REA & REC, and that they have undertaken relevant
CPE or CEP to the satisfaction of the Board
What are the further provisions of the RWE?
1. Holder of a valid DTI license who has earned 15 CEP or CPE credit units 2. earned
24 CEP credit units from accredited service providers as per MO 39 or CPE credit units
from CPE Council Accredited Provider from 2007 to July 30, 2011 3. Those who had
passed the 2009 & 2008 Licensure exams given by the DTI but who failed to obtain
their license upon the effectivity of RA 9646 and who have earned 18 CEP or CPE
credit units 5. Those who had passed the DTI licensure examinations in 2006 and prior
years but who had failed to obtain their license upon the effectivity of RA 9646 and who
have earned 120 CEP or CPE credit units
What is the final provision under SEC. 20 (a) ?
Real Estate practitioners falling under the above-described categories who fail to
comply with the necessary CPE requirements within2 years after the effectivity of RA
9646, on or before July 30, 2011 shall be required to take the Board Licensure Exam for
RES practitioners
What is SEC. 20 (b) and (c)?
Assessors and appraisers who hold permanent appointments and are performing actual
appraisal and assessment functions for the last 5 years, passer of the RPAO exam by
the CSC and have undertake CPE & Assessors and Appraisers who hold permanent
appointments and have at least 10 years actual experience in real property appraisal or
assessment and have completed at least 120 hrs. of accredited training in real property
appraisal conducted by the int'l appraisal org or institutions/entities, certified by the DOF
or any other National Gov't Agencies or Gov't owned and controlled Corp (GOCC) and
relevant CPE credit units
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground
A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
DBM
DEPARTMENT OF BUDGET MANAGEMENT
Grounds for Removal of Chairman of the Board
1. Neglect of duty 2. Abuse of power 3. Oppression 4. Incompetence 5. Unprofessional,
unethical conduct, 5. Immoral or dishonourable conduct, 6. Commission or toleration of
irregularities in the conduct of examination or tampering of the grades, or 8. For any
final judgment or conviction of any criminal offence involving moral turpitude
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board
What are the four qualifications of applicants for examinations?
a. A CITIZEN OF THE PHILIPPINES b. A HOLDER OF A RELEVANT BACHELOR'S
DEGREE FROM A STATE UNIV. OR COLLEGE DULY RECOGNIZED BY CHED c. IS
OF GOOD MORAL CHARACTER AND MUST NOT BE CONVICTED OF ANY CRIME
INVOLVING MORAL TURPITUDE d. An applicant for the licensure exam for real estate
consultants must show proof that he/she has at least ten years experience as a licensed
real estate broker, or an assessor, or as a bank, or institutional appraiser, or an
employed person performing real property valuation, or at least five years experience as
a licensed real estate appraiser
Candidate must have obtained an average of at least 75% in all subjects, with no rating
below 50% in any subject
passing rate for the exam
Release of the results of exam shall be within ___ days from the last day of the
examination
10
Where can you check the results of the examination?
Major newspaper of general circulation and the PRC website
Unprofessional or unethical conduct and Malpractice or violation of any provisions of
R.A. No. 9646 are two of the 5 reasons for revocation or suspension of
CERTIFICATE OF REGISTRATION AND THE PROFESSIONAL IDENTIFICATION
CARD OR CANCELLATION OF SPECIAL/TEMPORARY PERMIT
What is SEC. 20 of the RESA Law
REGISTRATION WITHOUT EXAMINATION
What are the provisions for registration without examination?
THOSE whose, on the date of the effectivity of RA 9646 or as of JULY 2009, are
already licensed as REB, REA or REC by the DTI by virtue of MO No.39, as amended,
are still in active practice as REB, REA & REC, and that they have undertaken relevant
CPE or CEP to the satisfaction of the Board
What are the further provisions of the RWE?
1. Holder of a valid DTI license who has earned 15 CEP or CPE credit units 2. earned
24 CEP credit units from accredited service providers as per MO 39 or CPE credit units
from CPE Council Accredited Provider from 2007 to July 30, 2011 3. Those who had
passed the 2009 & 2008 Licensure exams given by the DTI but who failed to obtain
their license upon the effectivity of RA 9646 and who have earned 18 CEP or CPE
credit units 5. Those who had passed the DTI licensure examinations in 2006 and prior
years but who had failed to obtain their license upon the effectivity of RA 9646 and who
have earned 120 CEP or CPE credit units
What is the final provision under SEC. 20 (a) ?
Real Estate practitioners falling under the above-described categories who fail to
comply with the necessary CPE requirements within2 years after the effectivity of RA
9646, on or before July 30, 2011 shall be required to take the Board Licensure Exam for
RES practitioners
What is SEC. 20 (b) and (c)?
Assessors and appraisers who hold permanent appointments and are performing actual
appraisal and assessment functions for the last 5 years, passer of the RPAO exam by
the CSC and have undertake CPE & Assessors and Appraisers who hold permanent
appointments and have at least 10 years actual experience in real property appraisal or
assessment and have completed at least 120 hrs. of accredited training in real property
appraisal conducted by the int'l appraisal org or institutions/entities, certified by the DOF
or any other National Gov't Agencies or Gov't owned and controlled Corp (GOCC) and
relevant CPE credit units
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground
A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
DBM
DEPARTMENT OF BUDGET MANAGEMENT
Grounds for Removal of Chairman of the Board
1. Neglect of duty 2. Abuse of power 3. Oppression 4. Incompetence 5. Unprofessional,
unethical conduct, 5. Immoral or dishonourable conduct, 6. Commission or toleration of
irregularities in the conduct of examination or tampering of the grades, or 8. For any
final judgment or conviction of any criminal offence involving moral turpitude
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board
What are the four qualifications of applicants for examinations?
a. A CITIZEN OF THE PHILIPPINES b. A HOLDER OF A RELEVANT BACHELOR'S
DEGREE FROM A STATE UNIV. OR COLLEGE DULY RECOGNIZED BY CHED c. IS
OF GOOD MORAL CHARACTER AND MUST NOT BE CONVICTED OF ANY CRIME
INVOLVING MORAL TURPITUDE d. An applicant for the licensure exam for real estate
consultants must show proof that he/she has at least ten years experience as a licensed
real estate broker, or an assessor, or as a bank, or institutional appraiser, or an
employed person performing real property valuation, or at least five years experience as
a licensed real estate appraiser
Candidate must have obtained an average of at least 75% in all subjects, with no rating
below 50% in any subject
passing rate for the exam
Release of the results of exam shall be within ___ days from the last day of the
examination
10
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
Where can you check the results of the examination?
Major newspaper of general circulation and the PRC website
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground
Unprofessional or unethical conduct and Malpractice or violation of any provisions of
R.A. No. 9646 are two of the 5 reasons for revocation or suspension of
CERTIFICATE OF REGISTRATION AND THE PROFESSIONAL IDENTIFICATION
CARD OR CANCELLATION OF SPECIAL/TEMPORARY PERMIT
A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
What is SEC. 20 of the RESA Law
REGISTRATION WITHOUT EXAMINATION
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
What are the provisions for registration without examination?
THOSE whose, on the date of the effectivity of RA 9646 or as of JULY 2009, are
already licensed as REB, REA or REC by the DTI by virtue of MO No.39, as amended,
are still in active practice as REB, REA & REC, and that they have undertaken relevant
CPE or CEP to the satisfaction of the Board
DBM
DEPARTMENT OF BUDGET MANAGEMENT
What are the further provisions of the RWE?
1. Holder of a valid DTI license who has earned 15 CEP or CPE credit units 2. earned
24 CEP credit units from accredited service providers as per MO 39 or CPE credit units
from CPE Council Accredited Provider from 2007 to July 30, 2011 3. Those who had
passed the 2009 & 2008 Licensure exams given by the DTI but who failed to obtain
their license upon the effectivity of RA 9646 and who have earned 18 CEP or CPE
credit units 5. Those who had passed the DTI licensure examinations in 2006 and prior
years but who had failed to obtain their license upon the effectivity of RA 9646 and who
have earned 120 CEP or CPE credit units
Grounds for Removal of Chairman of the Board
1. Neglect of duty 2. Abuse of power 3. Oppression 4. Incompetence 5. Unprofessional,
unethical conduct, 5. Immoral or dishonourable conduct, 6. Commission or toleration of
irregularities in the conduct of examination or tampering of the grades, or 8. For any
final judgment or conviction of any criminal offence involving moral turpitude
What is the final provision under SEC. 20 (a) ?
Real Estate practitioners falling under the above-described categories who fail to
comply with the necessary CPE requirements within2 years after the effectivity of RA
9646, on or before July 30, 2011 shall be required to take the Board Licensure Exam for
RES practitioners
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
What is SEC. 20 (b) and (c)?
Assessors and appraisers who hold permanent appointments and are performing actual
appraisal and assessment functions for the last 5 years, passer of the RPAO exam by
the CSC and have undertake CPE & Assessors and Appraisers who hold permanent
appointments and have at least 10 years actual experience in real property appraisal or
assessment and have completed at least 120 hrs. of accredited training in real property
appraisal conducted by the int'l appraisal org or institutions/entities, certified by the DOF
or any other National Gov't Agencies or Gov't owned and controlled Corp (GOCC) and
relevant CPE credit units
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
Includes the rights, interests and benefits related to the ownership of real estate
REAL PROPERTY
The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board
REAL ESTATE
The land and all those items which are attached to the land. It is the physical, tangible
entity, together with all the additions or improvements on, above or below the ground
What are the four qualifications of applicants for examinations?
a. A CITIZEN OF THE PHILIPPINES b. A HOLDER OF A RELEVANT BACHELOR'S
DEGREE FROM A STATE UNIV. OR COLLEGE DULY RECOGNIZED BY CHED c. IS
OF GOOD MORAL CHARACTER AND MUST NOT BE CONVICTED OF ANY CRIME
INVOLVING MORAL TURPITUDE d. An applicant for the licensure exam for real estate
consultants must show proof that he/she has at least ten years experience as a licensed
real estate broker, or an assessor, or as a bank, or institutional appraiser, or an
employed person performing real property valuation, or at least five years experience as
a licensed real estate appraiser
A duly registered and licensed natural person who, for a professional fee, commission
or other valuable consideration, acts as an agent of a party in a real estate transaction
to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the
minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other
similar transactions on real estate or any interes therein
REAL ESTATE BROKER
Candidate must have obtained an average of at least 75% in all subjects, with no rating
below 50% in any subject
passing rate for the exam
Release of the results of exam shall be within ___ days from the last day of the
examination
10
That the members of the first appointed Board shall hold office for the following terms
chairperson to server for ___ years, 2 members to serve for ____ years, two members
to serve for ____ year
DBM
DEPARTMENT OF BUDGET MANAGEMENT
Where can you check the results of the examination?
Major newspaper of general circulation and the PRC website
Grounds for Removal of Chairman of the Board
1. Neglect of duty 2. Abuse of power 3. Oppression 4. Incompetence 5. Unprofessional,
unethical conduct, 5. Immoral or dishonourable conduct, 6. Commission or toleration of
irregularities in the conduct of examination or tampering of the grades, or 8. For any
final judgment or conviction of any criminal offence involving moral turpitude
Unprofessional or unethical conduct and Malpractice or violation of any provisions of
R.A. No. 9646 are two of the 5 reasons for revocation or suspension of
CERTIFICATE OF REGISTRATION AND THE PROFESSIONAL IDENTIFICATION
CARD OR CANCELLATION OF SPECIAL/TEMPORARY PERMIT
The board shall, at the close of each calendar year, submit an ________ to the
Commission
ANNUAL REPORT
What is SEC. 20 of the RESA Law
REGISTRATION WITHOUT EXAMINATION
The common scope of examination for RE Consultants & RE Appraisers
STANDARDS AND ETHICS
What are the provisions for registration without examination?
THOSE whose, on the date of the effectivity of RA 9646 or as of JULY 2009, are
already licensed as REB, REA or REC by the DTI by virtue of MO No.39, as amended,
are still in active practice as REB, REA & REC, and that they have undertaken relevant
CPE or CEP to the satisfaction of the Board
The common scope of examination for RE Appraisers and RE Brokers
REAL ESTATE FINANCE AND ECONOMICS
What are the further provisions of the RWE?
1. Holder of a valid DTI license who has earned 15 CEP or CPE credit units 2. earned
24 CEP credit units from accredited service providers as per MO 39 or CPE credit units
from CPE Council Accredited Provider from 2007 to July 30, 2011 3. Those who had
passed the 2009 & 2008 Licensure exams given by the DTI but who failed to obtain
their license upon the effectivity of RA 9646 and who have earned 18 CEP or CPE
credit units 5. Those who had passed the DTI licensure examinations in 2006 and prior
years but who had failed to obtain their license upon the effectivity of RA 9646 and who
have earned 120 CEP or CPE credit units
The common scope of examination for RE Appraisers, RE Brokers, RE Consultants
any other related subjects as may be determined by the Board