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22/01/2023

Gong Xi Fa Cai!
May this new year bring you health, happiness, and prosperity.

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24/08/2021

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FYI Get Your S-Pass Now To Travel Between Different Regions, Provinces and Locations as APOR (Authorized Person Outside ...
24/05/2021

FYI Get Your S-Pass Now To Travel Between Different Regions, Provinces and Locations as APOR (Authorized Person Outside Residence).

S-PaSS is a travel management system developed by the Department of Science and Technology (DOST) VI primarily intended to make travelling of Locally Stranded Individuals (LSIs), Returning Overseas Filipinos (ROFs) Emergency Travelers (ETs), and other travelers during this pandemic Safe, Swift, and....

This is to remind everyone that May 13, 2021 (Thursday) is declared as a regular holiday throughout the country in obser...
12/05/2021

This is to remind everyone that May 13, 2021 (Thursday) is declared as a regular holiday throughout the country in observance of Eid'l Fitr or the "Feast of Ramadan", through Proclamation No. 729 declared by President Rodrigo Duterte. Since it is a regular holiday, there will be no work on that day. Thank you.

When you look into your mother's eyes, you know that is the purest love you can find on this earth. Happy Mother's Day t...
08/05/2021

When you look into your mother's eyes, you know that is the purest love you can find on this earth. Happy Mother's Day to our SUPERMOMS!

We dedicate this day to all the men and women who sacrificed their lives so that we may live and enjoy our freedom today...
09/04/2021

We dedicate this day to all the men and women who sacrificed their lives so that we may live and enjoy our freedom today because serving the cause of peace in a violent world is a dangerous occupation.



Photo credit to the owner.

SO THAT THE PUBLIC MAY KNOW.TO ALL: Licensed Real Estate Brokers, Accredited Salespersons, Property Owners, SPA'SThis is...
08/02/2021

SO THAT THE PUBLIC MAY KNOW.

TO ALL: Licensed Real Estate Brokers, Accredited Salespersons, Property Owners, SPA'S

This is to inform of the attached Memo from PRBRES. The Authority to Negotiate for the Sale and/or Authority to Sell is now a required document for ALL REAL ESTATE TRANSACTIONS.

A public service announcement from your trusted Licensed Real Estate Brokers. Raising the bar of professionalism.

SC RULES REAL ESTATE LAW CONSTITUTIONALTHE Supreme Court (SC) has affirmed the constitutionality of the Real Estate Serv...
16/05/2020

SC RULES REAL ESTATE LAW CONSTITUTIONAL

THE Supreme Court (SC) has affirmed the constitutionality of the Real Estate Service Act (Resa), or Republic Act (RA) 9646, saying it does not violate the equal protection clause.

In a full court decision, the High Tribunal denied the petition for review filed by Remman Enterprises Inc. (REI) and the Chamber of Real Estate and Builders’ Association (Creba), as it upheld the July 12, 2011, decision of a Manila Regional Trial Court (RTC). The RTC dismissed the petitions of REI and Creba to declare as unconstitutional Sections 28(a), 29 and 32 of RA 9646.

Resa, which was signed into law by then-President Gloria Arroyo in June 2009, aims to professionalize the real estate service sector through a regulatory scheme that involves the licensing, registration and supervision of real estate practitioners in the Philippines.
On December 7, 2010, REI and Creba filed a case before a Manila RTC to declare as void and unconstitutional certain provisions of the law.

Section 28 or Resa exempts from its coverage natural and juridical persons dealing with their own property, and other persons such as receivers, trustees or assignees in insolvency or bankruptcy proceedings.

Real estate developers were specifically mentioned as also an exception.

The petitioners argued that the aforementioned provision violates the equal protection clause, because it unjustifiably treats real estate developers differently from those exempted persons who also own properties and desire to sell them.

Meantime, Section 29 or Resa requires as a condition precedent for all persons who will engage in acts constituting real estate service, including advertising in any manner one’s qualifications as a real estate service practitioner, compliance with licensure examination, and other registration requirements including the filing of a bond for real estate brokers and private appraisers.

Meanwhile, Section 32 of RA 9646 states that, “No partnership or corporation shall engage in the business of real estate service unless it is duly registered with the Securities and Exchange Commission [SEC], and the persons authorized to act for the partnership or corporation are all duly registered and licensed real estate brokers, appraisers or consultants, as the case may be. The partnership or corporation shall regularly submit a list of its real estate service practitioners to the commission and to the SEC as part of its annual reportorial requirements. There shall at least be one licensed real estate broker for every 20 accredited salespersons.”

The petitioners sought to also declare as unconstitutional the aforementioned provisions.

No violation of equal protection clause
But in its decision, the High Tribunal said that “RA No. 9646 does not violate equal protection clause.”

It also ruled that the petition of REI and Creba lacked merit, and that there was no justifiable controversy.

“Although the equal protection clause of the Constitution does not forbid classification, it is imperative that the classification should be based on real and substantial differences having reasonable relation to the subject of the particular legislation,” the ruling stated.

The High Tribunal also said in its ruling that there is nothing in Resa that repeals any provision of Presidential Decree (PD) 957, or The Subdivision and Condominium Buyers’ Protective Decree, which vested the National Housing Authority with exclusive jurisdiction to regulate the real estate trade and business.

“There is no conflict of jurisdiction because the HLURB [Housing and Land Use Regulatory Board] supervises only those real estate service practitioners engaged in the sale of subdivision lots and condominium projects, specifically for violations of the provisions of PD 957, and not the entire real estate service sector which is now under the regulatory powers of the PRBRES [Professional Regulatory Board of Real Estate Service],” the ruling stated.

Source : The Manila Times

Credits to RealtyGuruPH

Stay safe, everyone!
23/04/2020

Stay safe, everyone!

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Banawa
Cebu City
6000

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+63323542750

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