Monday, March 30, 2009

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!

Sunday, March 29, 2009

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

Saturday, March 14, 2009

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.

Wednesday, March 11, 2009

49th PAREB National Convention



During the 3rd PAREB directorate meeting held last March 6, 2009 at Quezon City Sports Club, a resolution was passed firming up the DBRFI as host board for the 49th PAREB National Convention. The two previous conventions were held in Bohol, (47th) and Subic, (48th). It is now time for the 44 constituent boards of PAREB to come and experience the hospitality of Davao City and its people.

It will be the pride and honor of DBRFI to welcome and host an estimated 300 guests REALTORS and guests from all over the country. This event will surely become part of the rich history and contribution of DBRFI to PAREB and the Real Estate Industry.

The overall theme for this year is: "The Filipino REALTORS' Opportunities Amidst Global Challenges" - by leepar

The First Comprehensive Real Estate Seminar (CRES) 2009



The Comprehensive Real Estate Seminar (CRES) schedule which will be March 14, 21 and 28, 2008, from 8:00 a.m. to 6:00 p.m.. Please register at Davao Board of Realtors Foundation, Inc. (DBRFI) office at Parrreño Realty, G/F, Maglalang Building, Rizal Street. Tel. 300-6787. or contact Ailyn at globe: 09155303934 or PLDT Mobile: 082-2755162.

Seminar Fee is Php 4,050. please write all checks payable to Davao Board of REALTORS Foundation Inc.

The certificate that the participants will receive from this seminar will be good for 2 successive Real Estate Licensure exams to be conducted by the joint team of DTI & PRC representatives on May 31, Sunday and October 25, 2009. - leepar

What is a REALTOR®?


In the Philippines, the right term to use the term Realtor® pertains only the license Real Estate broker regular member of the realty board recognized by and under the supervision of the Philippine Association of Realtors® Boards (PAREB).

Realtor® is the service mark registered in the commission of patents of the United States as Document No. 515199 and in the Philippine patent office as Document No. 5385, as property of National Association of Realtors® Boards (NAREB), U.S.A hence, the authority from NAREB (renamed National Association of realtors or NAR) is a requisite or entitlement to use the patented designation. Such authority was conferred to PAREB pursuant to an agreement signed on Nov. 2, 1960 at the ceremonial at Malacañang Palace by then NAREB President Armel C. Nutter and PAREB President Antonio Varias, witnessed by then Philippine President Carlos P. Garcia and then U.S. Ambassador Jhon D. Hickerson.

The NAREB – PAREB agreement provides that “the emblem seal and the term Realtor® should be used and employed exclusively within the Philippine by PAREB xxx” and that PAREB shall, among others, “permit said term to be used by the Association and the members thereof who subscribed to the Code of Ethics”. It is also the requisite that application for Realtor membership should be circularized to all PAREB constituent member boards and such application may only be acted upon 45 days following the circularization to allow evaluation of reports and information bearing the qualification or disqualification to the applicants, particularly those relating to unethical or other inimical act and practices which tend to bring disrepute on the title Realtor®, should it be conferred to the applicants.

The unauthorized use of the term Realtor® is an infringement of the punishable under Republic Act No. 166. It also constitutes a ground for revocation of a Real Estate Brokers license pursuant to DTI Administrative Order 75 – 1.