Program: 49th PAREB National Convention

CONVENTION PROGRAMME


WORK GLOBAL, THINK ENVIRONMENT


October 07, 2009 (Wednesday)

WHOLE DAY TOUR

October 08, 2009 (Thursday)

8:00 A.M. ARRIVAL OF DELEGATES / REGISTRATION OF DELEGATES

9:00 A.M. - 12:00N.N. HALF DAY TOUR
Assembly: Hotel Lobby

15th MLS CONGRESS 2009 “MLS - BRINGING THE WORLD TO YOUR DESKTOP”
Venue: Apo View Hotel
Attire: Smart Casual

MASTERS OF CEREMONIES: JOSEPHINE A. CORTEZ, 2008 Most Popular Lady Realtor
FRANKLIN A. RESULTA, Manila Board of Realtors

1:00 P.M. Invocation OLIVIA A. RAMOS
President, Pasig Realtors Board

Welcome Remarks and Overview LIZA ELSIE E. PARREÑO
PAREB Senior Vice President

1:15 P.M. Opening of the MLS Congress ANTONIO C. LANUZA
PAREB National Director & Chairman, MLS Committee

1:20 P.M. “BROKERAGE MANAGEMENT” EDUARDO C. TAUTJO
Past President, Pasay Makati Realtors Board

2:20 P.M. MLS EXCHANGE FERDINAND C. MACABUHAY
PAREB National Director

3:00 P.M. “SNEAK PEAK: Secret Tools & Techniques to Sharpen MARGARITA H. SIQUIJOR
Your Internet Marketing Campaign” Trustee, Muntinlupa Realtors Board

“MLS 101” ANTONIO C. LANUZA Primer on MLS 2005 and RPMLX PAREB National Director& Chairman, MLS Committee

4:00 P.M. Business Opportunity

4:15 P.M. “WE’VE GOT SALE!!”

4:30 P.M. “ENHANCE PROFESSIONALISM, THINK ETHICS” ARIEL T. MARTINEZ
PAREB Past Secretary General
OSCAR P. GARCIA
PAREB Past National President
DAISY J. KOKSENG
PAREB Imm. Past President


WELCOME DINNER
Theme: “Power Up – Get Physical!”
Venue: Apo View Hotel
Attire: Sportswear

MASTERS OF CEREMONIES: ROY C. RABOR, VP & Treas., Davao Board of Realtors Foundation
VENUS JANE LOPA, VP-Internal Affairs, Marikina Valley Realtors Board

6:30 P.M. INVOCATION ROSALIE C. RAMIREZ
2009 Most Popular Lady REALTOR

OPENING ACT Davao Board of Realtors Foundation

7:00 P.M. WELCOME ADDRESS HON. RODRIGO DUTERTE
Turnover of Symbolic Key Mayor, Davao City
Introduction by:
EFREN S. REYES
President, Davao Board of Realtors Foundation
7:10 P.M. DINNER
7:30 P.M. PRESENTATION OF THE MOST POPULAR
LADY REALTOR® CANDIDATES 2010

Special Numbers

October 9, 2009 (Friday)

Venue: Apo View Hotel
Attire: Business

MASTERS OF CEREMONIES: PURITA R. MARCELO, Past Pres., Quezon City Realtors Board
ROSAURO M. FERNANDO, PAREB National Treasurer

8:00 A.M. REGISTRATION

8:30 A.M. CALL TO ORDER & DECLARATION OF THE OPENING EDMUNDO C. ACERON
OF THE 49th NATIONAL CONVENTION PAREB National President

8:40 A.M. PARADE OF COLORS PAREB OFFICERS DIRS. & LBPs OF ALL 4 REGIONS

INVOCATION & NATIONAL ANTHEM PAREB SINGERS

9:00 A.M. REALTORS® OATH ANTONIO M. CONSTANTINO
PAREB Past National President

9:05 A.M. INTRODUCTION OF PAREB OFFICIALS, MARY DAPHNE G. BERECIARTE
DIGNITARIES & GUESTS PAREB Secretary General
9:25 A.M.
PRESENTATION OF DELEGATES ELIAS ANG (NCR)
BY THE REGIONAL VICE-PRESIDENTS CECILE MARIA L. LAZATIN (Luzon)
TOMASITO Z. ACADEMIA (Visayas)
ROSABELLE B. VILLANUEVA (Mindanao)





9:30 A.M. “THE JOURNEY TO RECOVERY” BENJAMIN E. DIOKNO Professor, School of Economics
University of the Philippines
Introduction by:
ATTY. GELACIO C. MAMARIL
PAREB Chairman of the Board
OPEN FORUM
JOCELYNN C. SISON
President, Parañaque Las-Piñas Realtors Board

10:30 A.M. Business Opportunity

10:45 A.M. “MINDANAO UPDATES” UNDERSECRETARY VIRGILIO LEYRETANA
Chairman, Mindanao Economic Dev. Council
Introduction by:
ROSABELLE B. VILLANUEVA
PAREB Vice President for Mindanao
OPEN FORUM
Moderator:
ROMEO C. GARCIA
PAREB National Director

11:30 A.M.. GAWAD KALINGA RICHARD K.VILLANUEVA
GK 1MB Coordinator for South Mindanao
Introduction by:
MANOLITO JOSE C. BARRIOS
PAREB National Director
OPEN FORUM
Moderator:
DOMINADOR A. FABIAN
President, Quezon City Realtors Board

12:30 N.N. LUNCH

MASTERS OF CEREMONIES: CHARISSE C. CRISOSTOMO, 2010 Trustee, Davao Board of Realtors Foundation
RAMON CF. CUERVO, President, Manila Board of Realtors

1:30 P.M. “GREEN ARCHITECTURE AND ARCH. AMADO P. DE JESUS, JR.
THE REAL ESTATE INDUSTRY” Chairman of the Green Architecture Movement of the United Architects of the Philippines
Introduction by:
CECILE MARIA L. LAZATIN PAREB Vice President for LUZON
OPEN FORUM
Moderator:
MELINDA P. LIT
PAREB National Director

2:30 P.M. Business Opportunity

2:45 P.M. “GLOBAL WARMING AND CLIMATE CHANGE” FR. DANIEL MCNAMARA, SJ.
Rector, Ateneo De Davao University
Introduction by:
ALFONSO T. NONATO
PAREB Past National Director
OPEN FORUM
Moderator:
LEONORA P. GUTIERREZ
Secretary, Davao Board of Realtors Foundation





3;45 P.M. “ANTI-RED TAPE ACT” DIR. LILIA C. CLAMOR
Civil Service Commission Regional Director
Introduction by:
TOMASITO Z. ACADEMIA
PAREB Vice President for Visayas
OPEN FORUM
Moderator:
RICARDO G. UMALI
PAREB National Director

FELLOWSHIP DINNER
Theme: “Dance Revolution: Reloaded”
Venue: Apo View Hotel
ATTIRE: Hip / Punk / Beatnik

MASTERS OF CEREMONIES ELIZABETH A. FERNANDEZ, PAREB Past National Treasurer
JOSE F. ASILO, Past President, Marikina Valley Realtors Board

7:00 P.M. INVOCATION VIRGINIA E. LIM
President, General Santos Realtors Board

MESSAGE HON. CONG. PROSPERO C. NOGRALES
Speaker of the House of Representatives
1st District, Davao City
Introduction by:
RUBY F. BERNARDO
Past President, Davao Board of Realtors Foundation

DINNER

BOARD PRESENTATION/COMPETITION

INTERMISSION NUMBER

MPLR RAFFLE

October 10, 2009 (Saturday)

MORNING CONVENTION SESSIONS
Venue: Apo View Hotel
Attire: Business

MASTERS OF CEREMONIES PURIFICACION T. CABAHUG, PAREB National Director
ATTY. GIL U. BANAAG, PAREB National Director

8:00 A.M. REGISTRATION

8:30 A.M. INVOCATION EDGAR M. FAVOR
PAREB National Director

8:35 A.M. ROLL CALL OF CONSTITUENT MEMBER BOARDS MARY DAPHNE G. BERECIARTE
PAREB Secretary General

9:00 A.M. GET RESA RIGHT! PILAR TORRES-BANAAG PAREB Chairman of the Board 2008 &
PAREB Official Rep. to the Senate Technical
Working Group on RESA
Introduction by:
ANNA T. SUANCO
PAREB National Director





10:30 A.M. THE ROLE OF THE PROFESSIONAL REGULATION ATTY. CARLOS G. ALMELOR
COMMISSION IN THE RESA Secretary to the Professional Regulatory Boards
Professional Regulation Commission
Introduction by:
DAISY J. KOKSENG
PAREB Imm. Past President

11:30 A.M OPEN FORUM
Moderator:
ELIAS ANG
PAREB Vice President for NCR

12:00 N.N. Business Opportunity

12:15 N.N. LUNCH

PLENARY SESSION
Venue: Apo View Hotel

1:00 P.M. PART I

I. INVOCATION ANNA T. SUANCO
National Director

II. CALL TO ORDER EDMUNDO C. ACERON
National President

III. PROOF OF QUORUM MARY DAPHNE G. BERECIARTE
Secretary General

IV. APPROVAL OF THE MINUTES OF THE 2008
GENERAL MEMBERSHIP MEETING

V. NATIONAL TREASURER’S REPORT ROSAURO M. FERNANDO
National Treasurer

VI. NATIONAL PRESIDENT’S REPORT EDMUNDO C. ACERON
National President

VII. RATIFICATION OF THE ACTS OF THE NATIONAL
DIRECTORATE and the NATIONAL OFFICERS

VIII. APPROVAL OF EXTENSION OF CORPORATE LIFE
AND PROPOSED AMENDMENTS TO THE PAREB BY LAWS

PART II

IX. ELECTION OF NATIONAL DIRECTORS FOR YEAR 2010

X. ELECTION OF THE NATIONAL OFFICERS FOR 2010

XI. PROCLAMATION OF NEWLY ELECTED GEN. JOSE C. BELLO, JR.
DIRECTORS/OFFICERS COMELEC Chairman

PART III

XII. RESOLUTIONS

XIII. OTHER MATTERS

4:30 P.M. XIV. ADJOURNMENT




5:30 P.M. THANKSGIVING MASS (ANTICIPATED)

GALA NIGHT
Venue: Apo View Hotel
Attire: Formal / Cocktail Dress

MASTERS OF CEREMONIES: MERCEDITA S. REYES, Pasay Makati Realtors Board
FERDINAND D. MACABUHAY, Quezon City Realtors Board

7:00 P.M. INVOCATION MA. THERESA BERNADETTE L. ANTONIO
Past President, Pasay Makati Realtors Board

OPENING ACT Davao Board of Realtors Foundation

DINNER

PART I - PRESENTATION OF NEWLY ELECTED GEN. JOSE C. BELLO, JR.
2009 PAREB OFFICERS and DIRECTORS Chairman, PAREB COMELEC

MESSAGE HON. ACE H. DURANO
Secretary, Department of Tourism
Introduction By:
LIZA ELSIE E. PARREÑO
PAREB Senior Vice President

INTERMISSION NUMBER PAREB SINGERS

PART II - CORONATION OF GERONIMO J. MANZANO
THE MOST POPULAR LADY REALTOR® Chairman, MPLR Committee
EDMUNDO C. ACERON
PAREB National President

CLOSING REMARKS ATTY. GELACIO C. MAMARIL
PAREB Chairman of the Board

PART III - DANCING / GRAND RAFFLE

October 11, 2009 (Sunday)

WHOLE DAY TOUR

article on Davao City

Davao - Home of the Durian

Davao, comparing sizes by land area, is the largest city in the Philippines and in the island of Mindanao. It has one of the most progressive economies in the country with its seaport and international airport being very active cargo hubs in the region. In the whole southern Philippines, Davao City remains as a strong business and investment center.

Davao city is also a major tourist destination in the country. People come here not only to invest or do business, they also visit the city for its fine beaches, dive spots, and mountain resorts. Nature trails are also popular here because of the city's proximity to Mount Apo, the Philippines' highest peak.

One reason for Davao's popularity is due to its typhoon free climate. The city enjoys and takes advantage of calm weather all year round. Because of favorable weather conditions, the city's agriculture industry remains strong. Temperature ranges in Davao from 20 degrees Celsius or 68 degrees Fahrenheit going up to as much as 32 degrees Celsius or 89.6 degrees Fahrenheit. Favorable weather conditions make it an ideal place for a great vacation any time of the year.

Davao City's Tourist Attractions

There are a lot of popular tourist destinations here in Davao City. Some of these are historic sights that give people a feel of the city's history. Other destinations are cultural featuring the best of the people's culture and arts, while others are simply havens for those who would love to spend a lovely tropical vacation.

Some of the historic sites in Davao City include the Battle Memorial, a historical marker memorializing the longest battle between the Japanese and Filipino-American forces during World War II. Another place to visit is the Davao Historical Society Museum, which features its historic collections, located in Magsaysay Park. The Uyanguren Landing Site marks the area where the Spanish conqueror, which name it bears, first landed. He later became Davao's first governor.

Some of the cultural sites in Davao City include the Japanese Peace Memorial Shrine where pilgrimages of Japanese war veterans are made, Lon Wa Buddhist Temple, the San Pedro Cathedral, and the city's Mosques. Another interesting site to check out is the Philippine Eagle Center, which is a sanctuary for the Philippine Eagle, an endangered and one of the largest of its species. If you're a bit outgoing, then you may try climbing Mount Apo and enjoy the panoramic view.

If you're looking to relax and unwind then you may check out some of the city's resorts. A couple of places you might like to visit are Eden Nature Park, and Paradise Island. Other fun and thrilling activities here include river rafting along the Davao River and feeding crocks at the Crocodile Park.

The coastline of Davao is spanned by a lot of dive sites. Some of these dive sits include Ligid Cave, Big Rock, Pinnacle, East Point, Aundanao, and Mushroom Rock. You may contact any of the dive centers in the city to schedule your dives.

Davao's Gastronomic Experience

Finding a place to eat in Davao won't be much of problem. If you find it senseless to tour Davao and just eat the regular fast food then head on to the many restaurants around the city. Gardena Fresca, Ahfat, Talaba Joe's, and Yahong are a few establishments that serve fresh seafood. You won't get enough of their steamed shrimp, diablo chicken wings, crab fuyo, and crispy pata. Jack's Ridge serves the best of Filipino dishes while Arirang serves Korean food.

The malls in Davao City also have restaurants that will interest its visitors. G-Mall and SM Mall are two of the really popular malls to go to here. Expect them to be crowded as malling is a favorite activity anywhere in the country. Gerry's Grill in G-Mall is the place to go for spicy food especially for different types of sisig. If you're looking for barbecued chicken then go for Mang Inasal.

Places to Stay in Davao City

You have a varied range of options when choosing accommodations in Davao City. There are inns and hotels to choose from and will match your budget. There are also many apartments and townhouses in Davao City where backpackers can rent, which means you have the option to negotiate for a better price.

With great weather throughout the year, Davao enjoys many economic and tourism advantages. The city is one of the must see places to visit whether you're in the Philippines for business or pleasure.

Davao City, the most livable city in the Philippines and the largest one in land area, situated under the orange and blue skies of Southern part of the country, this place is truly a paradise. The city occupies 2,444 square kilometers and is now considered the one of the countries most progressive city. It has a rich history, culture, tradition and natural resources. It is the window to the entire Mindanao island, the eye to which the promise of beauty can be seen.

Davao is place where diversity in tradition and culture is very dominant. During the early years, the ethnic tribes living in the city lived a harmonious living, dwelling in peace and friendship. The forefathers of the city were the Mandayas, Bagobos, Manobos, Tiboli and Mansakas which gave the province its original name, “daba-daba” and later became Davao. Despite of the differences in tradition and culture, Davaoeños live a peaceful life together which make the place a unique one.
The city is loaded with breathtaking views of mountainous region coupled with fertile valleys and rolling hills. You can find a lot of beautiful flowers such as the orchids including the waling-waling. It is home to the famous durian fruit. The Philippine Eagle can also be found in the city. It is sheltered in Malagos, the sanctuary for the eagles and can be located at hoof of Mt. Apo, the and tallest and highest mountain peak in the Philippines. White sand beaches is just near by the city, with just minutes of boat ride from the wharf, you will be mesmerized with the amazing view of the Paradise Island and Pearl Farm Beach Resort in the Garden City of Samal.

One of the city's pride is the People's Park which was newly opened last December 15,2007. Mayor Rodrigo Duterte and the people of the Davao are very proud of this mini-forest park. The place is filled with large sculptures that represent the indigenous groups living in Southern Mindanao. One interesting fact about the park is that, the music being played inside the premises is purely Filipiniana and OPM, bringing the musical culture of the Filipinos back to life. The replica of the Statue of David is also considered as the city's landmark. It can be found near the Queensland Lodge.

The City of Davao is rich in art. This is manifested by the city's Kadayawan Festival, tagged as the festival of all festivals. This is usually celebrated during the second week of August and tourist from different parts of the country and the world visit Davao and join the celebration. The festival is a colorful display of culture and tradition which spreads the messages of harmony and peace. The highlight of the festival is called the Indak-Indak or Street Dancing.


source: http://www.davaoboard.com/ (not in anyway connected to DBRFI)

Rules Governing Election of PAREB National Officers

RULES GOVERNING THE ELECTION OF PAREB NATIONAL OFFICERS AND DIRECTORS FOR THE YEAR 2010 DURING THE 49TH PAREB ANNUAL NATIONAL CONVENTION AND ELECTIONS ON OCTOBER 8 to 10, 2009
================================================================

Pursuant to the provision of the PAREB Amended By-laws, the following rules shall govern the election of the National Officers and Directors for the Year 2010 during the 49th PAREB ANNUAL NATIONAL CONVENTION AND ELECTIONS to be held on October 8 to 10, 2009 at the Apo View Hotel, Davao City, to wit:

A.MEMBERS WHO ARE QUALIFIED TO VOTE

1. REGULAR MEMBERS IN GOOD STANDING

“Refers to a Regular Member with a valid real estate broker’s license for 2009 and who is up to date in the payment of both his Local Board dues and paid and his PAREB Regular Membership dues for the current year as provided under Section 1c and Section 2, Article VI hereof.” (Article II, Sec. 1f)

For purposes of the Election on October ¬¬10, 2009, members in good standing are those who have paid their local Board dues, and have paid and remitted their PAREB dues not later than September 15, 2009, and possess a valid real estate broker’s license for the current year.

He/She must be physically present during the election proceedings and has
paid the corresponding registration fee for the National Convention, except those specifically exempted from paying registration fee by the National Directorate, not later than 12:00 o’clock noon on October 9, 2009.


2. LIFETIME REGULAR MEMBERS

Lifetime Regular Members are Past National Presidents of PAREB who are members in good standing of a Local Board, provided that they have a valid real estate broker’s license for the current year a copy of which shall be submitted to PAREB.


3. CONSTITUENT MEMBER BOARDS (Art. III, Sec. 1-b; Art. VI, Sec 3)

“Constituent Member Boards are the Local Boards which are duly incorporated under the corporation laws of the Philippines and whose membership with PAREB have been approved in accordance with the provisions of Article IV hereof”. For purposes of the Election on October 10, 2009, Constituent Member Boards must have paid and remitted to PAREB their membership dues not later than September 15, 2009, and have not been dropped from PAREB membership by the National Directorate and that their Registration with the SEC have not been revoked with finality.


4. New Members and reinstated members who have been circularized, accredited and approved as of September 15, 2009.


B.MEMBERS WHO ARE QUALIFIED TO BE VOTED UPON

Incumbent and past presidents of Constituent Member Boards who, for purposes of the Election on October 10, 2009, are Regular Members in good standing as of September 15, 2009.
He/She must be physically present during the election proceedings and has
paid his registration fee for the National Convention not later than 5:00 o’clock p.m. on September 25, 2009.

He/She must be a member in good standing with his local Board and PAREB,
and has a valid real estate broker’s license for 2009 a copy of which shall be submitted to PAREB not later than September 25, 2009.

He/She has served not more than three (3) consecutive terms as a National Director. (Article IX Section 3)

To qualify to run for National President, he/she must have served for at
least two (2) terms as National Director, not necessarily consecutive. His/her

Region must have a total of at least 100 members in good standing.

COMELEC members are disqualified to run for election.


C.ATTENDANCE, PROXIES AND QUORUM

1.Proxies shall be used only for the sole purpose of determining the presence of a quorum.

2.A Regular Member in good standing must be physically present or present through a proxy.

3.A proxy must be a Regular Member in good standing. A maximum of five (5) proxies shall be allowed to be represented by a regular member.

4.Proxy must be in written form, either typewritten or computer printed (see attached Proxy format). It does not need to be notarized. However, notation by the Local Board President and Treasurer is required and shall be submitted to the PAREB Secretariat not later than September 25, 2009. The Secretariat shall endorse said proxies to the COMELEC.

5.Quorum shall be determined by a simple majority (50% plus one) of those Regular Members in good standing as of September 15, 2009 who are physically present and those present through proxies.


D.ELECTION OF NATIONAL DIRECTORS

1.Election of National Directors shall be conducted among those accredited voters who are physically present during the election proceedings..

2.National Directors are in two categories: (a) those who represent the
PAREB Regions and, (b) those At-Large.

3.The Incumbent President of a Constituent Member Board or whoever he/she will assign with written authority, shall have, in addition to his/her own vote, another one (1) vote, representing the vote of the Constituent Member Board of which he/she is President (Article VIII-4), provided that the Constituent Member Board is a member in good standing as of September 15, 2009.

4.Only those who are physically present during the election proceedings are qualified to be voted upon. They must be members in good standing and have valid real estate broker’s license for the current year and have paid their registration fee for the National Convention not later than 5:00 o’clock p.m. on September 25, 2009.

E.ELECTION PROCEDURES


1.To be elected are three (3) Regional Directors each for the four (4) Regions namely: NCR, LUZON, VISAYAS and MINDANAO and seven (7) Directors-at-Large for a total of nineteen (19) Directors. Regular Members of the Constituent Member Boards comprising their respective regions will vote for the Regional Directors, while the general membership will vote for the Directors-at-Large.


2.NOMINATION/VOTING

a)A nominator should be a member in good standing and when recognized by the Chairman can nominate up to a minimum of three (3) candidates for the Regional Directors in the region where he belongs and seven (7) for the Directors-at-Large.

b)If nominations of three (3) candidates for the Regional Directors have been closed and there is no objection on the floor then the candidates are declared automatically elected. Also if seven (7) Directors-at-Large of this scenario happens then the candidates are likewise declared automatically elected. There will no longer be casting of ballots.

c)If more than three (3) candidates are nominated for the Regional Directors and more than seven (7) for the Director-at-Large, casting of ballots in writing shall take place.

d)Color-coded ballots for every region will be used to avoid confusion, meaning one color for NCR, another for Luzon, etc. and WHITE for Directors-at-Large.

e)Ballots will be released thru the Local Board President or in his/her absence the next ranking officer of that Board.

f)A Local Board in good standing is entitled to one vote thru its President or in his/her absence whoever he/she will assign with a written authority.

g)Nomination and voting will be one region at a time, NCR first then
LUZON, VISAYAS and MINDANAO in that order. After all Regional Directors have been elected, then nominations for the seven (7) Directors-at-Large shall follow.

h)In the event a region fails to elect the required number of Directors allotted to it, the vacancies shall be filled up by electing additional Directors-at-Large.

i) A candidate who failed in the election of Regional Directors may
be re-nominated for Directors-at-Large. (Art. XIII Sec. 6)

j)In case of a tie, there will be re-voting.

k)A nominee may appoint one (1) watcher during the canvassing/counting of ballots, a maximum of three (3) watchers shall be allowed.

l)Any protest should be submitted within ten (10) days from the election and the COMELEC shall endeavor to resolve the issue within thirty (30) days thereof, observing due process, and whose decision shall be final.

m)As soon as the nineteen (19) Directors have been duly elected and proclaimed, they will elect among themselves:

the President (from MINDANAO Region),
Chairman of the Board(from VISAYAS Region),
Senior Vice-President (from NCR Region),
Vice-President for NCR,
Vice-President for LUZON,
Vice President for VISAYAS,
Vice President for MINDANAO,
Secretary General and National Treasurer.

Said officers will be elected one position at a time starting with the President
thru secret balloting (in writing) under the supervision of the COMELEC.


F.TIMING

1.A Notice of General Membership Meeting and Election, Agenda, and a List of qualified candidates for Regional Directors and Directors-at-Large will be circularized by the Secretary General not later than September 10, 2009.

2.The Secretary General shall prepare the list of Regular Members in
Good Standing as of September 15, 2009.

3.All duly accomplished Proxy forms must be submitted to the Secretariat who in turn shall endorse said proxies to the COMELEC not later than September 25, 2009.

4.Election Day is on October 10, 2009.


NOTE: Election will be held if the required quorum is present, meaning 50% plus one, represented by those physically present and by proxies, of the total number of members in good standing with PAREB as of September 15, 2009. Validity of licenses is for the Year 2009.

Effectivity: Approved by the National Directorate during its Regular Directorate Meeting held on June 05, 2009 at the Quezon City Sports Center, Quezon City and takes effect as of this date.



REALTOR JOSE C. BELLO, JR
COMELEC Chairman

Republic Act 9646 (RESA)

Congress of the Philippines
Fourteenth Congress

[ REPUBLIC ACT NO. 9646 ]

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

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

ARTICLE I

TITLE, DECLARATION OF POLICY AND DEFINITION OF TERMS

SECTION 1. Title. - This Act shall be known as the. "Real Estate Service Act of the Philippines".

SEC. 2. Declaration of Policy. - The State recognizes the vital role of 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. Hence, it shall develop and nurture through proper and effective regulation and supervision a corps of technically competent, responsible and respected professional real estate service practitioners whose standards of practice and service shall be globally competitive and will promote the growth of the real estate industry.

SEC. 3. Definition of Terms. - As used in this Act, the following terms shall mean:
A. "Appraiser" also known as valuer, refers to a person who conducts valuation/appraisal; specifically, one who possesses the necessary qualifications, license, ability and experience to execute or direct the valuation/appraisal of real property.
B. "Assessor" refers to an official in the local government unit, who performs appraisal and assessment of real properties, including plants, equipment, and machineries, essentially for taxation purposes. This definition also includes assistant assessors.
C. "Real estate" refers to 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.
D. "Real estate development project" means the development of land for residential, commercial, industrial, agricultural, institutional or recreational purposes, or any combination of such including, but not limited to, tourist resorts, reclamation projects, building or housing projects, whether for individual or condominium ownership, memorial parks and others of similar nature.
E, "Real estate developer" refers to any natural or juridical person engaged in the business of developing real estate development project for his/her or its own account and offering them for sale or lease.
F. "Real property" includes all the rights, interests and benefits related to the ownership of real estate.
G. "Real estate service practitioners" shall refer to and consist of the following:

1.
1. Real estate consultant - a duly registered and licensed -natural person who, for a professional fee, compensation or other valuable consideration, offers or renders professional advice and judgment on: (i) the acquisition, enhancement, preservation, utilization or disposition of lands or improvements thereon; and (ii) the conception, planning, management and development of real estate projects.
2. Real estate appraiser— a duly registered and licensed natural person who, for a professional fee, compensation or other valuable consideration, performs or renders, or offers to perform services in estimating and arriving at an opinion of or acts as an expert on real estate values, such services of which shall be finally rendered by the preparation of the report in acceptable written form.
3. Real estate assessor — a duly registered and licensed natural person who works in a local government unit and performs appraisal and assessment of real properties, including plants, equipment, and machineries, essentially for taxation purposes.
4. Real estate broker - 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 interest therein.
5. Real estate salesperson - a duly accredited natural person who performs service for, and in behalf of. a real estate broker who is registered and licensed by the Professional Regulatory Board of Real Estate Service for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration.



ARTICLE II

PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE

SEC. 4. Creation and Composition of the Board. - There is hereby created a Professional Regulatory Board of Real Estate Service, hereinafter referred to as the Board, under the supervision and administrative control of the Professional Regulation Commission (PRC), hereinafter referred to as the Commission, composed of a chairperson and four (4) members who shall be appointed by the President of the Philippines from the three (3) recommendees chosen by the Commission from a list of five (5) nominees per position submitted by the accredited and integrated professional organization of real estate service practitioners: Provided, That two (2) of the members of the Board shall represent the government assessors and appraisers.

The first Board shall be organized within six (6) months from the effectivity of this Act.

SEC. 5. Powers and Functions of the Board. — The Board is hereby vested the following powers and functions:
A. Provide comprehensive policy guidelines for the promotion and development of the real estate industry;
B. Conduct licensure examinations for the practice of the real estate service profession and prescribe the appropriate, syllabi of the subjects for examination;
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;
D. Maintain a comprehensive and updated register of licensed real estate service professionals;
E. Monitor the conditions affecting the practice of real estate service and adopt such measures as may be proper for the enhancement of the profession and/or the maintenance of high professional, ethical and technical standards;
F. Adopt a national Code of Ethics and Responsibilities to be strictly observed by all licensed real estate service practitioners;
G. Hear or investigate any violation of this Act, its implementing rules and regulations, and the Code of Ethics and Responsibilities for real estate service practitioners and issue subpoena and subpoena duces tecum to secure the appearance of witnesses and the production of documents in connection therewith;
H. Safeguard and protect legitimate and licensed real estate service practitioners and, in coordination with the accredited and integrated professional organization of real estate service practitioners, monitor all forms of advertisements, announcements, signboards, billboards, pamphlets, brochures and others of similar nature concerning real estate and, where necessary, exercise its quasi-judicial and administrative powers to finally and completely eradicate the pernicious practices of unauthorized or unlicensed individuals;
I Prescribe, in cooperation with the Commission on Higher Education (CHED) or the concerned state university or college, the essential requirements as to the curricula and facilities of schools, colleges or universities seeking permission to open academic courses or already offering such courses in real estate service, and to see to it that these requirements, including the employment of qualified faculty members, are properly complied with;
J. Promulgate, .administer and enforce rules and regulations necessary in carrying out the provisions of this Act;
K. Supervise and regulate the registration, licensure and practice of real estate service in the Philippines;
L. Assess and fix the rate of reasonable regulatory fees;
M. Administer oaths and affirmations;
N. Adopt an official seal of the Board;
O. Evaluate periodically the status of real estate service education and profession, and recommend and/or adopt measures to upgrade and maintain its high standard;
P. Prescribe guidelines and criteria for the Continuing Professional Education (CPE) program for real estate service practitioners in consultation with the accredited and integrated professional organization of real estate service practitioners;
Q. Screen, issue and monitor permits to organizations of real estate professionals in the conduct of seminars and accredit such seminars pursuant to the CPE program, as well as the instructors or lecturers therein, for the purpose of upgrading the quality and knowledge of the profession;
R. Monitor and supervise the activities of the accredited and integrated professional organization and other associations of real estate service practitioners; and
S, Discharge such other powers, duties and functions as the Commission may deem necessary to carry out the provisions of this Act.

The policies, resolutions and rules and regulations issued or promulgated by the Board shall be subject to the review and approval by the Commission. However, the Board's decisions, resolutions or orders which are not interlocutory, rendered in an administrative case, shall be subject to review by the Commission only on appeal.

SEC. 6. Qualifications of the Chairperson and Members of the Board. - The chairperson and the members of the Board shall, at the time of their appointment, possess the following qualifications:
A. A citizen and resident of the Philippines;
B. A holder of a bachelor's degree related to real estate;
C. An active licensed practitioner of real estate service for at least ten (10) years prior to his/her appointment;
D. A bona fide member in good standing of the accredited and integrated professional organization of real estate service practitioners but not an officer or trustee at the time of his/her appointment;
E. Neither be a member of the faculty of an institute, school, college or university, nor have any pecuniary interest, direct or indirect, in any institution or association where review classes or lectures in preparation for the licensure examination are being offered or conducted; and
F. Of good moral character, and must not have been convicted by final judgment by a competent court of a criminal offense involving moral turpitude.

SEC. 7. Term of Office. - The chairperson and the members of the Board shall hold office for a term of three (3) years from the date of their appointment and until their successor/s shall have been appointed: Provided, That the members of the first appointed Board shall hold office for the following terms: one (1) member as chairperson, to serve for three (3) years; two (2) members, to serve for two (2) years; and two (2) members, to serve for one (1) year.
The chairperson and the members of the Board may be reappointed for a second term but in no case shall he/she serve continuously for more than six (6) years. Any vacancy in the Board shall be filled for the unexpired portion of the term of the member who vacated the position. On the constitution of the first Board, the chairperson and the members of the Board shall automatically be registered and issued certificates of registration and professional identification cards. Each member of the Board shall take the proper oath of office prior to the assumption of duty.

SEC. 8. Compensation and Allowances of the Chairperson and Members of the Board. - The chairperson and the members of the Board shall receive compensation and allowances comparable to the compensation and allowances received by the chairman and the members of existing professional regulatory boards under the Commission, as provided for in the General Appropriations Act.

SEC. 9. Removal of the Chairperson and Members of the Board. - The chairperson or any member of the Board may be suspended or removed by the President of the Philippines, upon the recommendation of the Commission, for neglect of duty; abuse of power; oppression; incompetence; unprofessional, unethical, immoral or dishonorable conduct; commission or toleration of irregularities in the conduct of examination or tampering of the grades therein, or for any final judgment or conviction of any criminal offense involving moral turpitude.

SEC. 10. Supervision of the Board, Custodian of its Records, Secretariat and Support Services. — The Board shall be under the general supervision and administrative control of the Commission. All records of the Board, including applications for examination, examination papers and results, minutes of deliberations, administrative and other investigative cases involving real estate service practitioners, shall be kept by the Commission. The Commission shall designate the secretary of the Board and shall provide the secretariat and other support services to implement the provisions of this Act subject to the usual government accounting and auditing rules and regulations.

SEC. 11. Annual Report. - The Board shall, at the close of each calendar year, submit an annual report to the Commission, giving a detailed account of its proceedings and accomplishments during the year and recommending measures to be adopted with the end-in-view of upgrading and improving the conditions affecting the practice of real estate service in the Philippines.



ARTICLE III

LICENSURE EXAMINATION AND REGISTRATION

SEC. 12. Licensure Examination. - Every applicant seeking to be registered and licensed as a real estate service practitioner, except a real estate salesperson, shall undergo an examination as provided for in this Act. Examinations for the practice of real estate service in the Philippines shall be given by the Board at least once every year in such places and dates as the Commission may designate.

SEC. 13. Scope of Examination. - An examination shall be given to the licensure applicants for real estate brokers, real estate appraisers and real estate consultants which shall include, but not limited to, the following:
A. For real estate consultants - fundamentals of real estate consulting; standards and ethics; consulting tools and techniques, which include project feasibility study and investment measurement tools; real estate finance and economics; real estate consulting and investment analyses; consulting for specific engagement, which includes consulting for commercial, industrial, recreation and resort and hotel properties, and consulting for government and corporate and financial institutions; land management system and real property laws; and any other related subjects as may be determined by the Board;
B. For real estate appraisers — fundamentals of real estate principles and practices; standards and ethics; theories and principles in appraisal; human and physical geography; methodology of appraisal approaches; valuation procedures and research; appraisal of machinery and equipment; practical appraisal mathematics; appraisal report writing; real estate finance and economics; case studies; land management system and real property laws; and any other related subjects as may be determined by the Board; and
C. For real estate brokers - fundamentals of property ownership; code of ethics and responsibilities; legal requirements for real estate service practice; real estate brokerage practice; subdivision development; condominium concept; real estate finance and economics; basic principles of ecology; urban and rural land use; planning, development and zoning; legal aspect of sale, mortgage and lease; documentation and registration; real property laws; and any other related subjects as may be determined by the Board.

To conform with technological and modern developments, the Board may re-cluster, rearrange, modify, add to, or exclude any of the foregoing subjects as may be necessary.

SEC. 14. Qualification of Applicants for Examinations.-In order to be admitted to the licensure examination for real estate service, a candidate shall, at the time of filing his/her application, establish to the satisfaction of the Board that he/she possesses the following qualifications:
A. A citizen of the Philippines;
B. A holder of a relevant bachelor's degree from a state university or college, or other educational institution duly recognized by the CHED: Provided, That as soon as a course leading to a Bachelor's degree in Real Estate Service is implemented by the CHED, the Board shall make this course a requirement for taking the "licensure examination; and
C. Of good moral character, and must not have been convicted of any crime involving moral turpitude: Provided, That an applicant for the licensure examination for real estate consultants must show proof that he/she has at least ten (10) 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 (5) years experience as a licensed real estate appraiser.

All applications for examination shall be filed with the Board which shall assess and approve said applications and issue to the qualified examinees the corresponding permits to take such examination.

SEC. 15. Ratings in the Examination. - In order that a candidate may be deemed to have successfully passed the examination, he/she must have obtained an average of at least seventy-five percent (75%) in all subjects, with no rating below fifty percent (50%) in any subject.

SEC. 16. Release of the Results of Examination. - The results of the licensure examination shall be released by the Board within ten (10) days from the last day of the examination.

SEC. 17. Issuance of the Certificate of Registration and Professional Identification Card. - A certificate of registration shall be issued to examinees who pass the licensure examination for real estate service subject to payment of fees prescribed by the Commission. The certificate of registration shall bear the signature of the chairperson of the Commission and the chairperson and the members of the Board, stamped with the official seal of the Commission, indicating that the person named therein is entitled to practice the profession with all the benefits and privileges appurtenant thereto. This certificate of registration shall remain in full force and effect until revoked or suspended in accordance with this Act.

A professional identification card bearing the registration number, date of issuance and expiry date, duly signed by the chairperson of the Commission, shall likewise be issued to every registrant upon payment of the required fees. The professional identification card shall be renewed every three (3) years and upon satisfying the requirements of the Board such as, but not limited to, attendance in the CPE program.

SEC. 18. Refusal to Register. - The Board shall not register and issue a certificate of registration to any successful examinee who has been convicted by a court of competent jurisdiction of any criminal offense involving moral turpitude or has been found guilty of immoral or dishonorable conduct after investigation by the Board, or has been found to be psychologically unfit.

SEC. 19. Revocation or Suspension of the Certificate of Registration and the Professional Identification Card or Cancellation of Special/Temporary Permit. - The Board may, after giving proper notice and hearing to the party concerned, revoke the certificate of registration and the professional identification card, or cancel the special/temporary permit of a real estate service practitioner, or suspend him/her from the practice of the profession on any of the following instances hereunder:
A. Procurement of a certificate of registration and/or professional identification card, or special/temporary permit by fraud or deceit;
B. Allowing an unqualified person to advertise or to practice the profession by using one's certificate of registration or professional identification card, or special/temporary permit;
C. Unprofessional or unethical conduct;
D. Malpractice or violation of any of the provisions of this Act, its implementing rules and regulations, and the Code of Ethics and Responsibilities for real estate service practitioners; and
E, Engaging in the practice of the profession during theperiod of one's suspension.

SEC. 20. Registration Without Examination, - Upon application and payment of the required fees, the following shall be registered, and shall be issued by the Board and the Commission a certificate of registration and a professional identification card without taking the prescribed examination:
A. Those who, on the date of the effectivity of this Act, are already licensed as real estate brokers, real estate appraisers or real estate consultants by the Department of Trade and Industry (DTI) by virtue of Ministry Order No. 39, as amended: Provided, That they are in active practice as real estate brokers, real estate appraisers and real estate consultants, and have undertaken relevant CPE to the satisfaction of the Board;
B. Assessors and appraisers who, on the date of the effectivity of this Act, hold permanent appointments and are performing actual appraisal and assessment functions for the last five (5) years, have passed the Real Property Assessing Officer (RPAO) examination conducted and administered by the Civil Service Commission (CSC) in coordination with the Department of Finance (DOF), and have undertaken relevant CPE to the satisfaction of the Board; and
C. Assessors and appraisers who, on the date of the effectivity of this Act, hold permanent appointments and have at least ten (10) years actual experience in real property appraisal or assessment and have completed at least one hundred twenty (120) hours of accredited training on real property appraisal conducted by national or international appraisal organizations or institutions/entities recognized by the Board and relevant CPE to the satisfaction of the Board.

Those falling under categories (b) and (c) shall register with the Board after they shall have complied with the requirements for registration as real estate appraisers: Provided, That those seeking to be licensed to a new credential level shall be required to take the pertinent licensure examination.

Those so exempt under the aforementioned categories shall file their application within two (2) years from the effectivity of this Act: Provided, That the renewal of the professional identification card is subject to the provisions of Section 17 hereof.

SEC. 21. Reinstatement, Reissuance or Replacement of Certificate of Registration, Professional Identification Card and Special/Temporary Permit. - The Board may, after the expiration of two (2) years from the date of revocation of a certificate of registration and/or professional identification card, and upon application, compliance with the required CPE units, and for reasons deemed proper and sufficient, reinstate any revoked certificate of registration and reissue a suspended professional identification card and in so doing, may, in its discretion, exempt the applicant from taking another examination.

A new certificate of registration, professional identification card or special/temporary permit may be issued to replace lost, destroyed or mutilated ones, subject to the rules as may be promulgated by the Board.

SEC. 22. Roster of Real Estate Service Practitioners. -The Board, in coordination with the integrated professional organization of real estate service practitioners, shall prepare, update and maintain a roster of real estate service practitioners which shall contain the names of all registered real estate service practitioners, their residence and office addresses, license number, dates of registration or issuance of certificates, and other data which the Board may deem pertinent. Copies thereof shall be made available to the public upon request.

SEC. 23. Issuance of Special/Temporary Permit. - Upon application and payment of the required fees and. subject to the approval of the Commission, the Board may issue special/temporary permit to real estate service practitioners from foreign countries whose services are urgently needed in the absence or unavailability of local real estate service practitioners for the purpose of promoting or enhancing the practice of the profession in the Philippines.

SEC. 24. Foreign Reciprocity. - No foreign real estate service practitioner shall be admitted to the licensure examination or be given a certificate of registration or a professional identification card, or be entitled to any of the privileges under this Act unless the country of which he/she is a citizen specifically allows Filipino real estate service practitioners to practice within its territorial limits on the same basis as citizens of such foreign country.



ARTICLE IV

PRACTICE OF REAL ESTATE SERVICE

SEC. 25. Oath. — All successful examinees qualified for registration and all qualified applicants for registration without examination as well as accredited salespersons shall be required to take an oath before any member of the Board or any officer of the Commission duly authorized by the Commission to administer oaths prior to entering into the practice of real estate service in the Philippines.

SEC. 26. Professional Indemnity Insurance/Cash or Surety Bond.— All real estate brokers and private real estate appraisers shall, in addition to the oath referred to in the preceding section, be required to post a professional indemnity insurance/cash or surety bond, renewable every three (3) years, in an amount to be determined bjr the Board, which in no case shall be less than Twenty thousand pesos (P20,000.00), without prejudice to the additional requirement of the client.

SEC. 27. Acts Constituting the Practice of Real Estate Service. - Any single act or transaction embraced within the provisions of Section 3(g) hereof, as performed by real estate service practitioners, shall constitute an act of engaging in the practice of real estate service.

SEC. 28. Exemptions from the Acts Constituting the Practice of Real Estate Service. - The provisions of this Act and its rules and regulations shall not apply to the following":
A. Any person, natural or juridical, who shall directly perform by himself/herself the acts mentioned in Section 3 hereof with reference to his/her or its own property, except real estate developers;
B. Any receiver, trustee or assignee in bankruptcy or insolvency proceedings;
C. Any person acting pursuant to the order of any court of justice;
D. Any person who is a duly constituted attorney-in-fact for purposes of sale, mortgage, lease or exchange, or other similar contracts of real estate, without requiring any form of compensation or remuneration; and
E. Public officers in the performance of their official duties and functions, except government assessors and appraisers.



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.

SEC. 30. Positions in Government Requiring the Services of Registered and Licensed Real Estate Service Practitioners. - Within three (3) years from the effectivity of this Act, all existing and new positions in the national and local governments, whether career, permanent, temporary or contractual, and primarily requiring the services of any real estate service practitioner, shall be filled only by registered and licensed real estate service practitioners.

All incumbent assessors holding permanent appointments shall continue to perform their functions without need for re appointment and without diminution of status, rank and salary grade, and shall enjoy security of tenure. However, they may not be promoted to a higher position until they meet the qualification requirements of that higher position as herein prescribed. Nothing in this Act shall be construed to reduce any benefit, interest, or right enjoyed by the incumbents at the time of the enactment of this Act. The appointing authority shall exercise his power to appoint the assessor in accordance with the provisions of this Act only when a vacancy occurs.

SEC. 31. Supervision of Real Estate Salespersons. - For real estate salespersons, no examination shall be given, but they shall be accredited by the Board: Provided, That they have completed at least two (2) years of college and have undergone training and seminars in real estate brokerage, as may be required by the Board. Real estate salespersons shall be under the direct supervision and accountability of a real estate broker. As such, they cannot by themselves be signatories to a written agreement involving a real estate transaction unless the real estate broker who has direct supervision and accountability over them is also a signatory thereto. No real estate salesperson, either directly or indirectly, can negotiate, mediate or transact any real estate transaction for and in behalf of a real estate broker without first securing an authorized accreditation as real estate salesperson for the real estate broker, as prescribed by the Board. A real estate broker shall be guilty of violating this Act for employing or utilizing the services of a real estate salesperson when he/she has not secured the required accreditation from the Board prior to such employment.

No salesperson shall be entitled to receive or demand a fee, commission or compensation of any kind from any person, other than the duly licensed real estate broker who has direct control and supervision over him, for any service rendered or work done by such salesperson in any real estate transaction.

No violation of this provision shall be a cause for revocation or suspension of the certificate of registration of the real estate broker unless there was actual knowledge of such violation or the broker retains the benefits, profits or proceeds of a transaction wrongfully negotiated by the salesperson.17

SEC. 32. Corporate Practice of the Real Estate Service. –
A. 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 (1) licensed real estate broker for every twenty (20) accredited salespersons.
B. Divisions or departments of partnerships and corporations engaged in marketing or selling any real estate development project in the regular course of business must be headed by full-time registered and licensed real estate brokers.
C. Branch offices of real estate brokers, appraisers or consultants must be manned by a duly licensed real estate broker, appraiser or consultant as the case may be.
D. In case of resignation or termination from employment of a real estate service practitioner, the same shall be reported by the employer to the Board within a period not to exceed fifteen (15) days from the date of effectivity of the resignation or termination.

Subject to the provisions of the Labor Code, a corporation or partnership may hire the services of registered and licensed real estate brokers, appraisers or consultants on commission basis to perform real estate services and the latter shall be deemed independent contractors and not employees of such corporations.

SEC. 33. Display of License in the Place of Business. - Every registered and licensed real estate service practitioner shall establish and maintain a principal place of business and such other branch offices as may be necessary, and shall conspicuously display therein the original and/or certified true copies of his/her certificate of registration as well as the certificates of registration of all the real estate service practitioners employed in such office.

SEC. 34. Accreditation and Integration of Real Estate Service Associations. — All real estate service associations shall be integrated into one (1) national organization, which shall be recognized by the Board, subject to the approval of the Commission, as the only accredited and integrated professional organization of real estate service practitioners.

A real estate service practitioner duly registered with the Board shall automatically become a member of the accredited and integrated professional organization of real estate service practitioners, and shall receive the benefits and privileges appurtenant thereto. Membership in the accredited and integrated professional organization of real estate service practitioners shall not be a bar to membership in other associations of real estate service practitioners.

SEC. 35. Code of Ethics and Responsibilities for Real Estate Service Practitioners. - The Board shall adopt and promulgate the Code of Ethics and Responsibilities for real estate service practitioners which shall be prescribed and issued by the accredited and integrated professional organization of real estate service practitioners.

SEC. 36. Continuing Professional Education (CPE) Program. - The Board shall develop, prescribe and promulgate guidelines on CPE upon consultation with the accredited and integrated professional organization of real estate service practitioners, affiliated association of real estate service practitioners and other concerned sectors, and in accordance with such policies as may have been prescribed by the Board, subject to the approval of the Commission. The Board shall create a CPE Council that shall be composed of a chairperson coming from the Board, a member from the accredited and integrated professional organization of real estate service practitioners and a member from the academe.

SEC. 37. Enforcement Assistance to the Board. — The Board shall be assisted by the Commission in carrying out the provisions of this Act and its implementing rules and regulations and other policies. The lawyers of the Commission shall act as prosecutors against illegal practitioners and other violators of this Act and its rules. The duly constituted authorities of the government shall likewise assist the Board and the Commission in enforcing the provisions of this Act and its rules.

SEC. 38. Indication of the Certificate of Registration, Professional Identification Card/License Number, Privilege Tax Receipt (PTR) Number and Accredited Professional Organization (APO) Number. - Real estate service practitioners shall be required to indicate the certificate of registration, professional identification card, PTR number, and APO receipt number, and the date of issuance and the duration of validity on the documents he/she signs, uses or issues in connection with the practice of his/her profession.



ARTICLE V

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.

SEC. 40. Appropriations. — The chairperson of the Professional Regulation Commission shall immediately include in the Commission's programs the implementation of this Act, the funding of which shall be included in the annual General Appropriations Act and thereafter.

SEC. 41, Transitory Provision. - Within ninety (90) days from the effectivity of this Act, the DTI - Bureau of Trade Regulation and Consumer Protection (BTRCP) shall transfer all pertinent records, documents and other materials to the Professional Regulatory Board of Real Estate Service.

SEC. 42. Implementing Rules and Regulations. - Within six (6) months after the effectivity of this Act, the Commission, together with the Board and the accredited and integrated professional organization of real estate service practitioners, the Department of Finance, and the CHED, shall prepare the necessary rules and regulations, including the Code of Ethics and Responsibilities for real estate service practitioners, needed to implement the provisions of this Act.

SEC. 43. Separability Clause. — If any clause, sentence, paragraph or part of this Act shall be declared unconstitutional or invalid, such judgment shall not affect, invalidate or impair any other part of this Act.

SEC. 44. Repealing Clause. – (a) Sections 3(e) and (ee) of Act No. 2728, as amended by Act No. 3715 and Act No. 3969, Sections 472 and 473 of the Local Government Code of 1991 (Republic Act No. 7160), and pertinent provisions of the Civil Service Law are hereby modified accordingly.

(b) All laws, decrees, executive orders, department or memorandum orders and other administrative issuances or parts thereof which are inconsistent with the provisions of this Act are hereby modified, superseded or repealed accordingly.

SEC. 45. Effectivity. - This Act shall take effect fifteen (15) days following its publication in the Official Gazette or in a major daily newspaper of general circulation in the Philippines.




Approved,

This Act which is a consolidation of Senate Bill No. 2963 and House Bill No. 3514 was finally passed by the Senate and the House of Representatives on May 12, 2009.


Approved:



GLORIA MACAPAGAL-ARROYO
President of the Philippines

[ Approved by President Gloria Macapagal Arroyo last June 29, 2009 ]

Let's go to Boracay!

On May 23-24, 2009, the PAREB VisMin Conference will be held as scheduled. The conference venue will be La Carmela de Boracay Resort, near station 2. One of the speakers will be the world-renowned Filipino architect Felino "Jun" Falafox Jr.

Conference program will be sent to the davaorealtors@yahoogroups.com.

So far, only four DAVAO REALTORS have signified attendance to the conference. The team are leaving on the first flight from Davao to Iloilo on May 21st and coming back on May 25th via Cebu Pacific Airlines (www.cebupacificair.com).

Other DAVAO REALTORS are enjoined to attend the contingent. Guests are welcome to join.

For more information you may email davaorealtors@yahoo.com or contact the administrator via email, text or landline.

Tara na sa Boracay!

How about us going to San Diego, USA this November?

Want to hear Condeleeza Rice talk? or how about meeting Sugar Ray Leonard? Let's go to San Diego and broaden our perspective and our world!


THE 2009 REALTORS® CONFERENCE & EXPO

Registration Officially Opens for All Members on May 4th at Noon (CST)!

Chart your winning course through today’s turbulent economy!

* The 2009 REALTORS® Conference & Expo delivers money-making strategies to help you succeed.
* Four days of intensive training from real-world speakers in top-rated sessions.
* Substantive programs for everyone who makes their living in real estate – brokers, agents, commercial practitioners, property managers, international specialists, and IT professionals.

Sail confidently through troubled waters!

* REALTORS® Expo has new ideas, products, and services to increase your productivity.
* Ask questions, compare features and strike your best deal with 500 exhibitors, all under one roof.
* Learn about opportunities to expand your market working with immigrants, foreign investors, and Americans buying property abroad.

Be part of a winning crew!

* Network with the most successful real estate professionals in the country.
* Build your referral network and increase sales opportunities.

A boat load of fun!

* First REALTORS® Conference & Expo in San Diego!
* Enjoy a wide-range of Conference special events, including the REALTORS® Celebrity Concert starring Reba McEntire.
* Combine business and fun -- the Convention Center is right on beautiful San Diego Bay and in the center of nightlife, shopping, and dining!

for more information, visit the website below:
http://www.realtor.org/convention.nsf/

See You all in San Diego!

Boracay! Here we come!

REALTORS! Get your summer wear and binoculars ready weare going to Boracay for the 13th VisMin Regional Conference. To be hosted by Aklan Board of Realtors, the conference will be held from MAY 22-23, 2009. Our venue will be at LA CARMELA DE BORACAY RESORT HOTEL, BORACAY ISLAND, MALAY, AKLAN ( http://www.lacarmeladeboracay.com/index.htm ). Check out this site every now and then for updates!

The DBRFI Concluded a Successful Comprehensive Real Estate Seminar

The Davao Board of REALTORS® Foundation Inc., recently concluded its first batch of Comprehensive Real Estate Seminar last March 28, 2009 with 68 graduates. This seminar was organized in coordination with the Department of Trade & Industry, in preparation for the May 31, 2009 Real Estate Brokers Licensing Exam to be conducted through the joint effort of the Department of Trade & Industry (DTI) and the Professional Regulatory Commission (PRC). (click on the image to enlarge)

What is the MLS?

Everyone who has even a passing interest in real estate might have seen or heard of MLS®. But very few know exactly what MLS® is or understand the important role it plays in the real estate industry.

The MLS® system, also known as the Multiple Listing Service® is a complex information-sharing system and a cooperative marketing network created by REALTORS® several decades ago to help the public buy and sell homes. While it is computer-based today, it began as an exchange of paper listing information and photographs.

The MLS® is a member-based service. The REALTORS gather exclusive listings and pool them into one database, the local MLS system, which the REALTORS Board administers and operates. The local MLS system is linked with the MLS systems of other REALTORS Boards thereby creating a bigger system, the national MLS system, which the Philippine Association of REALTORS® Board (PAREB) administers and operates. The national MLS system is linked with other national MLS systems thereby creating an internationl system, which the NAR-USA administers and operates.

REALTOR® uses the MLS®.. Because if he does and you give him the exclusive authority to act as your selling agent, he will input your requirement in the MLS. That means detailed information about the property you are selling will be broadcast to all the REALTOR Boards. Dealing with one REALTOR will be like mobilizing all the REALTORS to find you a buyer. Your property will get maximum marketing exposure. You can expect inquiries from different REALTORS to come your way.

If you are buying a property, check whether your REALTOR® uses the MLS®.. Because if he does and you give him the exclusive authority to act as your buying agent, he will input your requirement in the MLS. That means your search criteria on the property you are buying will be broadcast to all the REALTORS. Dealing with one REALTOR will be like mobilizing all the REALTORS to find a property to buy. Your requirement will get maximum exposure. You can expect listings from different REALTORS to come your way.

All participant REALTORS to the transaction can only be too glad to contribute to the satisfaction of your requirement. After all buying, selling and leasing real estate property is their business, and the trademark MLS® symbolizes co-operation and fellowship among REALTORS®. Your REALTOR can only be too glad to entertain offers from other REALTORS, even if they come from other REALTORS Boards. It will hasten the satisfaction of your requirement. And the sales commission, if ever, will be divided between the selling agent and the buying agent.

The MLS is more than a research tool for property listings. It actually is a comprehensive compilation on real estate information and services that supplements the REALTOR's in-depth knowledge of the current market and neighborhood conditions, which he uses to help his clients come to a knolwedgeable choice. Needless to say, the MLS® has proven its value over the decades. source: http://www.realtor.org.ph/multiple-listing-service-mainmenu-42.html

Directory of Davao REALTORS® as of October 2008

1.Joaquin Angeles
REB Lic # XI*06-299

2.Amelia Mae P. Enriquez- Baay
REB Lic # XI-06-240

3.PNP Silvestre D. Belen
(2006 PAREB National President)
REB Lic # XI-06-153

4.PP Ruby S. Bernardo
REB Lic # XI-06-208
Email add: prof_beng@yahoo.com

5.PP Maximo L. Calolot
REBL XI-06-292
REA XI 06-023
Email add: mlcalolot@yahoo.com

6.Julian Cañete
REB Lic # XI-06-315

7.Roberto L. Carabuena
REB Lic # XI
Email add: eaglenet808@yahoo.com

8.Ricardo T. Casiño
REB Lic # XI-06-235
Email add: rtc_realty@yahoo.com

9.PP Jeffrey F. Catotal
REB Lic # XI-06-267
Email add: catotal@skynet.net

10.Carlene C. Collado
REB Lic # XI-06-332

11.Charisse C.Crisostomo
REB Lic # XI-06-330

12.PP Ben Cruz
REB Lic # XI-06-219

13.Ofelia R. Dacudao
REB Lic # XI-06-146
Email add: cilledax@mozcom .com

14.Romeo Dela Cruz, Jr.
REB Lic # XI-06-338

15.Emily Jane B. Domingo
REB Lic # XI-06-159

16.Maria Luisa P. Enriquez
REB Lic # XI-06-241

17.Vivien Fenete-Lapidez
REB Lic # XI
Email add: vivienfenete@yahoo.com

18.Bonifacio C. Fernandez
REB Lic # XI-06-115

19.Romeo C. Francisco
REB Lic # XI-06-303

20.Concepcion F. Gatchalian
XI-06-158

21.Leonora P. Gutierrez
REB Lic # XI-06-309
Email add: npg0731@yahoo.com

22.PP Ernesto O. Jamora, Jr.
REB Lic # XI-06-102
Email add: erniejamora@yahoo.com

23.Gemma Asumna C. Lagria
REB Lic # XI-06-367
Email add: gem_acl@yahoo.com

24.Ramon D. Lasay
REB Lic # XI-06-331
Email add:R.D.LasayRealty_2331940@yahoo.com

25. Ricardo B. Liangco
REB Lic # XI-06-212
Email add: ricliangco@yahoo.com

27. Jaye May D. Mangubat
REB Lic # XI-06-314
Email add: jm_mangubat@yahoo.com

25.Alfonso T. Nonato
REB XI-06-055®
REA XI-06-008
Email add: al_nonato2004@yahoo.com

26.Nicitas O. Occeña
REB Lic # XI-06-106
Email add: nicy@skynet.net

27.Samuel C. Occeña
REB Lic # XI-06-077

28.Jyss Alma L. Panganiban
REB Lic # XI-06-266

29.Elena E. Parreño
REB Lic # XI-06-082
Email add: parreno_realty88@yahoo.com

30.IPP Liza Elsie E. Parreño
REB Lic # XI-06-160
REA Lic # XI-06-031
Email add: leepar19@yahoo.com

31.PP Leah Theresa E. Parreño
REB lic #: XI-06-122®
REA XI-06-017
Email add: leaparreno627@yahoo.com

32.PP Lucia E. Pelayo
REB Lic # XI-06-016
Email add: lucypelayo@yahoo.com

33. Danilo G. Peña
REB Lic # XI-06-254
Email add: dgpena888@yahoo.com

34.Roy C. Rabor
REB Lic # XI-06-156
Email add: roy_rabor@yahoo.com

35.Teodoro V. Reyes, Jr.
REB Lic # XI-06-287
Email add: Jehutradingcorp@eudoramail.com

36.Efren S. Reyes
REB Lic # XI-06-247
Email add: efrenreyes@yahoo.com

37.Rodolfo Sinco
REB Lic # XI-06-154

38.PP Norman A. Sison
REB Lic # XI-06-069
Email add: norman-sison@yahoo.com

39.Eileen M. Ong-Sugano
REB Lic # XI-06-273

40.Charito G. Torefiel
REB Lic # XI-06-057

41.Rosendo Villareal
REB Lic # -06-324

42.Marilou C. Yap
REB Lic # XI-06-02
Email add: malou_yap@yahoo.com



*PNP - past national president
*PP - past president
*IPP - immediate past president
*REB - real estate broker
*REA - real estate appraiser

National Code of Ethics for the Realty Service Practice

INTRODUCTION


The Realty Service Practice, a profession, calling or occupation, is dedicated to the promotion,development and conservation of land and natural resources, including improvements and rights and interest appurtenant thereto for the benefi t and enjoyment of the Filipino people. As such, those engaged therein are bound by a code of conduct, morals, and values in performance of their duties and obligations towards the government, co-practitioners and the people they serve.

It is, therefore, imperative and necessary to adopt this NATIONAL CODE ETHICS FOR THE REALTY SERVICE PRACTIVE to govern the rule of conduct of those who will engage therein.


ARTICLE 1 – DECLARATION OF PRINCIPLES

SECTION 1. The Realty Service Practice is a noble profession, calling or occupation and those engaged therein shall abide by and comply with all the laws, decrees, orders and rules and regulations enacted or promulgated by duly constituted government authorities.

SECTION 2. Utmost fi delity, sincerity, respect for colleagues in the profession, and honesty shall be observed at all times by those in the realty service practice in their relation with the client, the community and the nation in general.

SECTION 3. Adequate knowledge, competence and expertise in real estate development and management shall be maintained, and the upgrading of the standards of practice shall be effected when the need arises; all these for, and in the interest of the social and economic progress of the country.

SECTION 4. The spirit of camaraderie, cooperation and professional relationship among the practitioners shall be promoted; and every organization to which they shall be encouraged to join shall aims and purposes as will set up, upgrade, and maintain a high level of integrity, honesty and competence in the profession for the best interests of the community and the nation.

SECTION 5. A high level of professional relationship with colleagues in the Realty Service Practice shall be maintained, and their dealings with each other shall always be fair, honest and just.

SECTION 6. The Golden Rule which reads “Treat others as you like them to treat you.” shall be observed in all the dealings and relation of the practitioners with clients, fellow practitioners, the organization to which they belong, and the general public.

ARTICLE II – SCOPE AND PURVIEW OF THE CODE

SECTION 1. As used in this code and for the purpose hereof, the Realty Service Practice shall embrace and include all persons, partnership or corporations who are duly licensed by the Bureau of Domestic Trade in accordance with SECTION 3 (e) & (ee) of Act. No. 2728 as amended by Act No. 3715 & 3969 and Ministry Order No. 39, such other practitioners as the Director of Domestic Trade may now or hereafter license pursuant to any law, rule or regulation that may be promulgated by the government. They shall be called Realty Service Practitioners hereinafter known as Practitioners.

ARTICLE III – RULE OF CONDUCT AND PRACTICE

The Practitioners shall be governed by the following rules of conduct and practice.

SECTION 1. RELATION TO THE GOVERNMENT

(a) The Practitioner should secure all the necessary Licenses, permits and authority from the Bureau of Domestic Trade and other government agencies as may be required by law, ordinance or rules and regulations and comply with all the requirements thereof engaging in the same.

(b) He should pay any and all taxes, fees, dues, levies or changes that the government may impose in accordance to law, ordinances, or rules and regulations.

(c) He should help, assist and cooperate with the Bureau of Domestic Trade and all government agencies and instrumentality in the promotion, development and conservation of lands and other natural resources, its improvements and rights and interest therein.

(d) He should not encourage, abet, tolerate or participate in the evasion or illegal reduction in the payment of all taxes, fees, dues, levies or charges that may be imposed by the government.

(e) He should not offer or agree to pay, to split or rebate any commission, fee or valuable consideration, directly or indirectly with any person who is not duly licensed practitioner or to cooperate, assist or endorse any transaction or engagement of his services in violation of any existing law, rule or regulation.

(f) He should indicate the license number of the certifi cate issued by the Bureau of Domestic Trade in his letterhead, dry seal, signboard, billboard, advertisement of other announcement in relation to the Realty Service Practice.


SECTION 2. RELATION TO THE PUBLIC

(a) The Practitioner should be imbued with a social conscience for he does not live by himself and his family alone but he is a part of society with social responsibilities.

(b) He should ensure the highest and best use of the land and the equitable distribution of ownership, irrespective of political beliefs, cultural background, sect, religion or class.

(c) He should keep himself well informed to any movement affecting real estate in his community, city or province, so that he may be able to contribute to public thinking on matters of taxation,land use, city planning and other programs of the government.

(d) He should cooperate with the government in protecting the public against deceptive, unfair and unconscionable acts and practices of some unscrupulous or unlicensed practitioners like fraud, misrepresentation, concealment of relevant information and other related unethical practices.

(e) He should ascertain all pertinent facts concerning every property and avoid error, exaggeration, misrepresentation or concealment of pertinent facts.

(f) He should not be instrumental in introducing in a neighborhood a certain character or use of property which will tend to impair or erode property values within that neighborhood.

(g) He should not be a party to the naming of a false consideration in a deed or instrument.

(h) He should keep a special bank account separate and distinct from his own funds, all monies received in trust for other persons, such as deposit in escrow, trust funds, client’s money and similar items.

(i) In his advertisements, brochures or announcements, he should present a true picture of the property, its improvements, or rights and interests therein including whatever liens or encumbrances it may have, if any, and should indicate his name, fi rm name, address and license number of the Certifi cate of issued by the Department of Trade and Industry. In case of real
estate salesman, he should indicate the name, fi rm name and license number of the broker under whom he is employed.

(j) He should see to it that all agreement, terms and conditions, fi nancial obligations and commitments in real estate transactions are in writing, duly signed by all parties concerned and if necessary, to be properly authenticated by a Notary Public.

SECTION 3. RELATION TO THE CLIENT/CUSTOMER


(a) The Practitioner, in accepting an appointment or authority to act for and in behalf of a client or customer should pledge himself with utmost fi delity and good faith_to protect and promote the interest of his client without, in any manner, sacrifi cing the legitimate interest of the other party in the transaction.

(b) For the sake of justice and fairness to his client who have reposed confi dence in him, the practitioner should endeavor to be well informed of current legislation, policies and programs of the government including proposed legislation which may affect the interest of his client.

(c) He should not accept any commission, fee or any valuable consideration from any party in any transaction except from his client unless with the full knowledge and consent of all the parties in the transactions. He shall not also introduce or work for an overprice either from the buyer or seller, except the usual standard rate of commission on any real estate transaction.

(d) He should charge or collect only such fees or commissions as are fair and reasonable in accordance with local practice in similar transactions.

(e) He should not acquire an interest in or buy for himself or members of his family within the fourth civil degree, his fi rm or any member thereof or a corporation or partnership in which he or his relatives within the fourth civil degree have at least 20% property interest, without making his true position known to the owner, buyer or seller.

(f) He should not advertise any property without authority and in any offering, the price quoted should be in accordance with the price agreed with the owners as the offering price.

(g) In the event that more than one formal offer on a specifi c property is made before the owner has accepted a proposal, all written offers should be presented to the owner for his decision.

(h) He should endeavor to make his client and customer conclude a fair contract advantageous to both.

(i) He should assist his customer acquire possession and ownership of the property bought in accordance with the terms and conditions agreed upon.

(j) In case he is called upon to act as witness in a court proceeding he should give his testimonies in the most unbiased, honest, truthful and professional manner.

(k) As a real estate appraiser, he should not render an opinion without a careful and thorough analysis and interpretation of all factors affecting the value of the property. His counsel and advice constitutes a professional service for which he should make a fair and reasonable charge.

(l) As an appraiser, he should not undertake to make an appraisal or render an opinion that is outside the fi eld of his experience and competence unless he obtains the assistance of another practitioner familiar with such type of property or unless the facts are fully disclosed by the client.

SECTION 4 RELATIONS TO FELLOW PRACTITIONERS


(a) He should not solicit a listing that is currently listed exclusively with another broker unless the listing agreement has expired or revoked by the owner and the owner offers to list the same to the new broker without soliciting the same.

(b) When he accepts a listing from another broker, the agency of the broker who offers the listing should be respected until it has expired and the property has come to the attention of the accepting broker from a different source, or until the owner, without solicitation, offers to list with the accepting broker. Such a listing should not be passed to a third broker or published in a daily newspaper without the knowledge and consent of the listing broker.

(c) Signs giving notice of a property for sale, rent, lease or exchange should not be placed on any property by more than one broker and only if authorized by the owner.

(d) He should not use information obtained by him from a listing broker through offers to cooperate or received through multiple listing services or other sources authorized by the listing broker for the purpose of creating a referral prospect to a third broker or for creating a buyer’s prospect, unless such use is authorized by the listing broker.

(e) He should cooperate with other brokers on property listed and share the commission on an agreed basis. Negotiations concerning property listed exclusively with one broker should be carried with the listing broker, and not the owner, except with the consent of the listing broker.

(f) He should not solicit or use the services of an employee or salesman of another practitioner without the knowledge of the employer.

(g) He should not criticize publicly a competitor nor volunteer an opinion of a competitor’stransaction. If his opinion is sought, it should be rendered with professional integrity and courtesy.

(h) The practitioner should seek no unfair advantage over his fellow practitioners and should willingly share with them the lessons of his experience and study.

(i) He should conduct his business properly to avoid any controversy with his fellow practitioners. In the event of a controversy between practitioners belonging to the same organization or association, such controversy should be submitted for arbitration to such organization or association whose decision, if accepted by both parties, will be fi nal and binding as far as the association is concerned.

(j) If the controversy is between practitioners belonging to different organizations or associations, it should be submitted to an Arbitration Board consisting of one member from each organization or association chosen by each of the parties to the controversy. A third member shall be chosen by members previously chosen from either organization or association or from the national association where the parties to the controversy are affiliated.

(k) In case the practitioners who are parties to a controversy are not members of any duly recognized organization or the Arbitration Board can not settle the controversy, the Bureau of Domestic Trade shall assume jurisdiction over said controversy.

(l) In case a complaint is fi led against a practitioner with his organization or association for unethical or unfair practice, he should voluntarily submit all pertinent facts before an investigating body that may be formed by his organization or association for evaluation and resolution.


SECTION 5. RELATION TO HIS ORGANIATION INCLUDING THE NATIONAL ASSOCIATION TO WHICH HIS ORGANIZATION IS AFFILIATED

(a) In the interest of society and his own profession, calling or occupation, the practitioner should abide by the Constitution and By-laws of his Association or Organization and the National Association to which it is affi liated.

(b) Elections as offi cer or member of the governing body of the organization or association carries with it the moral obligation to serve honorably, unselfi shly, diligently and effi ciently. It should not be the subject of election campaigning, or use of letters or circulars announcing one’s candidacy or appealing for votes for himself or for other nominees or candidates or other form of electioneering agreement or any act which will interfere with the free and wise choice of the offi cers and members of the governing body of the organization.

(c) He should support his organization morally and fi nancially and actively support its plans, programs and projects for the benefi t of all the members of the organization or association.

(d) Any practitioner should fi rst exhaust all administrative remedies available under existing laws, rules and regulations before taking any judicial or quasi-judicial action.

ARTICLE IV – SANCTIONS

Violation of any provisions of this Code shall give rise to any sanction that may be imposed by the organization to which a practitioner belongs as a member, without prejudice, however, to disciplinary action that the Department of Trade and Industry may deem expedient thereon hen the proper complaint against the erring practitioner for alleged misconduct is fi led with the Department in accordance with existing rules and regulations. In the case of practitioners who are not members of any organizations, any complaint against them shall be governed by existing laws, rules and regulations governing controversies.


ARTICLE V – EFFECTIVITY [Original, 1986]

This Code shall take effect fi fteen (15) days after its publication in a newspaper of general circulation.

Done in Makati, Metro Manila, this 19th day of September 1986.
ARTICLE V – EFFECTIVITY [As Amended, 1993]


This Code shall take effect immediately after its publication in a newspaper of general circulation.

Done in Makati, Metro Manila, this 29th day of September, 1993.