LERATO
Project ZUELLIG
by ALVEO (Ayala Group)
Bel-Air, Makati City

 

Republic Act 9646

PRACTICE OF REAL ESTATE SERVICE 

“SEC. 29. Prohibition Against the Unauthorized Practice of Real Estate Service. - No person shall practice or offer to practice real estate service in the Philippines or offer himself/herself as real estate service practitioner, or use the title, word, letter, figure or any sign tending to convey the impression that one is a real estate service practitioner, or advertise or indicate in any manner whatsoever that one is qualified to practice the profession, or be appointed as real property appraiser or assessor in any national government entity or local government unit, unless he/she has satisfactorily passed the licensure examination given by the Board, except as otherwise provided in this Act, a holder of a valid certificate of registration, and professional identification card or a valid special/temporary permit duly issued to him/her by the Board and the Commission, and in the case of real estate brokers and private appraisers, they have paid the required bond as hereto provided.”

PENAL AND FINAL PROVISIONS 

"SEC. 39. Penal Provisions - Any violation of this Act, including violations of implementing rules and regulations, shall be meted the penalty of a fine of not less than One hundred thousand pesos (PIOO.OOO.OO) or imprisonment of not less than two (2) years, or both such fine and imprisonment upon the discretion of the court. In case the violation is committed by an unlicensed real estate service practitioner, the penalty shall be double the aforesaid fine and imprisonment. 
In case the violation is committed, by a partnership, corporation, association or any other juridical person, the partner, president, director or manager who has committed or consented to or knowingly tolerated such violation shall be held directly liable and responsible for the acts as principal or as a co-principal with the other participants, if any."

Housing & Land Use Regulatory Board(HLURB)
IRR of PD 957

 "RULE V
REGISTRATION OF REAL ESTATE DEALERS, BROKERS ANDSALESMEN

Section 13. Application for Registration of Brokers and Salesmen.

No broker or salesman shall engage in the business of selling subdivision lots or condominium units without securing a certificate of registration by filing with the Board a registration statement in quadruplicate containing the following information:
a. Name, age and address
b. If a corporation, partnership, or association, its office address and branch offices and the names and addresses of its executive officers and directors.
c. Statement that applicant is qualified to act as real estate broker or salesman pursuant to law.
d. If applicant is a salesman, the name and address of the dealer or broker who employs him, attaching a copy of appointment.
e. If the applicant is a broker, the names and addresses of salesmen employed by him.

Section 14. Certificate of Registration
The certificate of registration for brokers and salesmen shall expire on the first day of December of each year Renewal of registration for the succeeding year shall be granted upon filing an application made not less than 30 or more than 60 days before the first day of the ensuing year and upon payment of the prescribed fee without the necessity of filing further statements or information, unless specified by the Board. All applications filed beyond said period shall be treated as original applications."

"PD 957 SEC. 39. Penalties.
Any person who shall violate any of the provisions of this Decree and/or any rule or regulation that may be issued pursuant to this Decree shall, upon conviction, be punished by a fine of nor more than twenty thousand (P20,000.00) pesos and/or imprisonment of not more than ten (10) years. Provided, that in the case of corporations, partnerships, cooperatives, or associations, the Administrator or the person who has charge of the administration of the business shall be criminally responsible for any violation of this Decree and/or the rules and regulations promulgated pursuant thereto."

  SEARCH BROKERS.....

ETON TOWER
Cor Dela Rosa & Rufino Sts.
Legaspi Village, Makati                       

Priority Selling
                     

Accepting Sales

Accolade Place

 Accepting Sales

SIGNA Designers 
   Residences
Valero Cor Rufino Sts
Salcedo Makati City

Click picture to view details  

Sapphire/ Ruby Sts.

Ortigas  Center, Pasig City

 
Ocean Alexander 47’
Motor Yacht
HAVE
1990 Ocean Alexander 47’
Yachtfisher name
“REEL ESTATE”, Offical
Coast Guard # 953839,