The government is regulating
practice of real estate in the Philippines thru RESA or Real Estate Service Act of the Philippines.
BE SAFE. DEAL
ONLY WITH LICENSED BROKERS DULY AUTHORIZED BY PHILIPPINE REGULATION COMMISSION (PRC) AND THEIR AGENTS.
Help us professionalize real estate in the Philippines and protect the public.
Deal only with Real Estate Brokers duly licensed by the Philippine Regulation
Commission (PRC) and their agents.
REAL ESTATE SERVICE ACT (RESA)
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. 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.