FIFTEENTH CONGRESS OF THE 
) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session 
) 
'11 
MAR 23 P 4 :1 0 
SENATE 
COMMITTEE REPORT NO, 
28 
Submitted jointly by the Committees on Civil Service and Govermnent Reorganization; and 
Urban Planning, Housing and Resettlement on MAR 2 3 20nl 
RE: Senate Bill No, 2757 
Recommending its approval in substitution of Senate Bill No, 2626 
Sponsorr: Senator Trillanes IV 
MR. PRESIDENT: 
The Committees on Civil Service and Government Reorganization and Urban Planning, 
Housing and Resettlement, to which was referred S,B. No, 2626 introduced by Senator Antonio 
"Sonny" p, Trillanes IV, entitled: 
AN ACT 
PROMOTING EMPLOYMENT OPPORTUNITIES IN REAL ESTATE SERVICE IN 
THE PHILIPPINES, AMENDING FOR THE PURPOSE CERTAIN PROVISIONS OF 
REPUBLIC ACT NO. 9646, OTHERWISE KNOWN AS THE REAL ESTATE SERVICE 
ACT OF THE PHILIPPINES 
have considered the same and have the honor to report it back to the Senate with the 
recommendation that the attached Senate Bill No, 
2757 prepared by the Committees, 
entitled: 
ANA~ 
ACT PROMOTING EMPLOYMENT OPPURTUNITIES IN REAL ESTATE SERVICE 
IN THE PHILIPPINES, AMENDING FOR THE PURPOSE CERTAIN PROVISIONS OF 
REPUBLIC ACT NO. 9646, OTHERWISE KNOWN AS THE REAL ESTATE SERVICE 
ACT OF THE PHILIPPINES 
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be approved in substitution of Senate Bill No. 2626 with Senators Trillanes IV and Marcos as 
authors thereof 
Respectfully submitted: 
Chairpersons 
FERDINAN R. ~RCOS, JR. 
A~;Y" 
J. TRILL:NES IV 
Committee 0 
rban Planning, Housing 
an Resettlement 
Committee on Civil Service 
Vice-Chairpersons 
f~J,. ~ 
pIA'S. C 
ETANO 
Committee on Urban lanning, Housing and 
Resettlement 
Co 
nittee on Civil Service 
and G vernment Reorganization 
Members 
MANNY VILLAR 
Committee on Urban Planning, Housing and 
Resettlement 
MIRIAM DEFENSOR SANTIAGO 
Committee on Urban Planning, Housing and 
Resettlement 
JUAN MIGUEL F. ZUBIRI 
Committee on Urban Planning, Housing 
and Resettlem,:nt 
RAMON BONG REVILLA, JR. 
Committee on Urban Planning, Housing 
and Resettlement 
JOKER P. ARROYO 
'Committee on Urban Planning, Housing. 
and Resettlement 
MANUEL "LITO" M. LAPID 
Civil Service and 
Government Reorganization 
-==~ 
~:---.~-~~~~~/ 
....-
LOREllQ"1};-LEGAJIDA 
Committee on Civil Service 
and Government Reorganization; 
Urban Planning, Housing and Resettlement 
PANGILINAN 
i1ttt~fn Civil Service 
t Reorganization 
2 


Ex-Officio Members 
-lLa:tlA)Cl ~i 2t[~ -
VICENTE C. SOr6III 
Majority Leader 
~--~··~~5~ 
ETER "COMPA~~RO~. 
RON. JUAN PONCE ENRILE 
President 
Senate 
CAYETANO 
Minority Leader 
3 


FIFTEENTH CONGRESS OF THE 
) 
REPUBLIC OF THE PHILIPPINES 
) 
First Regular Session 
) 
SENATE 
S.No. 2757 
(In substitution of Senate Bill No. 2626) 
Prepared jointly by the Committees on Civil Service and Government 
Reorganization/Urban Planning, Housing and Resettlement, 
with Senators Trillanes IV and Marcos as authors thereof 
AN 
~ 
ACT PROMOTING 
EMPLOYMENT OPPURTUNITIES IN REAL ESTATE 
SERVICE IN THE PHILIPPINES, AMENDING FOR THE PURPOSE CERTAIN 
PROVISIONS OF REPUBLIC ACT NO. 9646, OTHERWISE KNOWN AS THE 
REAL ESTATE SERVICE ACT OF THE PHILIPPINES 
Be it enacted by the Senate and House of Representatives of the Phillppines in Congress 
assembled. 
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SECTION 1. Section 2 of Republic Act No. 9646 is hereby amended to read as 
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follows: 
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"Section 2. Declaration of Policy. - The State recognizes the vital 
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role of real estate service practitioners in the social political, economic 
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development and progress of the country by promoting the real estate 
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market, stimulating economic activity, PROMOTING EMPLOYMENT 
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OPPORTUNITIES IN THE SECTOR and enhancing government 
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income from real property-based transactions. Hence, it shall develop and 
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nurture through proper and effective regulation and supervision a corps of 
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technically-competent, responsible and respected professional real estate 
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service practitioners whose standards of practice and service shall be 
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globally competitive and will promote the growth of the real estate 
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industry." 
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SEC 2. Section 28 of the same law is hereby amended: 
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"Section 28. Exemptions from the Acts Constituting the Practice 
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of Real Estate Service. - The provisions of this Act and its rules and 
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regulations shall not apply to the following: 
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(a) Any person, natural or judicial, who shall directly perform by 
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himseWherself the acts mentioned in Section 3 hereof with 
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reference to his/her or its own property[, except real estate 
developers]; 
(b) x x x 
SEC 3. Section 31 of the same law is hereby amended to read as follows: 
"Section 31. Supervision of Real Estate Salespersons. - For real 
estate salespersons, no examinations shall be given, but they shall be 
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accredited by the Board: Provided, That they have [completed at least two 
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(2) years of college] UNDERTAKEN RELEVANT EDUCATION IN 
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REAL 
ESTATE, 
lJRBAN 
PLANNING, 
MARKETING, 
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MANAGEMENT, BUSINESS ADMINISTRATION AND OTHER 
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SIMILAR COURSES and have undergone training and seminars in real 
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estate brokerage, as may be required by the Board. A PERSON WHO 
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HAS ACCUMULATED A COMBINED THREE (3) YEARS OF 
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EXPERIENCE IN REAL ESTATE AS ATTESTED BY REAL 
17 
ESTATE 
DEVELOPER 
OR 
BROKER 
MAY 
ALSO 
BE 
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ACCREDITED AS A REAL ESTATE SALESMAN. Real estate 
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salespersons shall be under the direct supervision and accountability of a 
20 
real estate broker. As such, they cannot by themselves be signatories to a 
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written agreement involving a real estate transaction unless the real estate 
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broker who has direct supervision and accountability over them is also a 
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signatory thereto. No real estate salesperson, either directly or indirectly, 
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can negotiate, mediate or transact any real estate transaction for and in 
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behalf of a real estate broker without first securing an authorized 
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accreditation as real estate salesperson for the real estate broker, as 
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prescribed by the Board. A real estate broker shall be guilty of violating 
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this Act for employing or utilizing the services of a real estate salesperson 
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when he/she has not secured the required accreditation from the Board 
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prior to such employment. 
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x x x" 
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SEC. 4. Section 32 of the same law is hereby amended: 
"Section 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 
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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) xxx" 
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SEC. 5. All laws, decrees, executive orders, department or memorandum orders 
12 
and other administrative issuances or parts thereof which are inconsistent with tbe 
13 
provisions of this Act are hereby modified superseded or repealed accordingly. 
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SEC. 6. This Act shall take effect fifteen (15) days following its publication in the 
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OffiCial Gazette or in a major daily newspaper of general circulation in the Philippines. 
Approved, 
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