1 
TWENTIETH CONGRESS   
) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session  
 
) 
HOUSE OF REPRESENTATIVES 
Introduced by Representative Rufus B. Rodriguez and 
Representative Maximo B. Rodriguez, Jr. 
House Bill No.  3847 
EXPLANATORY NOTE 
There have many developments in the real estate industry/profession since the passage 
of Republic Act 9646 or the Real Estate Service Act of the Philippines. As such, there is a need 
to amend and improve the law in order for it to be more attuned to current times. Further, there 
are ambiguous provisions in the current law that have to be clarified.  
Among the amendments proposed are to ensure equal representation of the members of 
the Board from Luzon, Visayas and Mindanao. Also, one of the functions of the Board (PRBRES) 
is to conduct licensure examinations of the three (3) professions namely: Real Estate Consultant, 
Real Estate Appraiser and Real Estate Brokers. We therefore have to ensure that the Members 
of the Board are knowledgeable and qualified in the 3 professions. Hence, the requirement of 
three (3) licenses as Chair or Member of the Board should mandatory and they must be a holder 
of a Master’s Degree rather than a Bachelor’s Degree. 
There is a need to remove the representation of the government appraiser and assessor 
because the concern of the Board is not limited to the Assessor or government Appraisers but to 
all the Real Estate Professionals and Salespersons and in most cases government 
representative(s) cannot give priority service on the implementation of the law giving preference 
of their official functions and duties in the government agency-employer. 
To clarify and to conform with technological and modern developments, there is a need to 
state the days in the conduct of the licensure examinations including the subjects covered on the 
day of the examination to avoid exercise of discretionary power of the Board and the PRC.  
There is an existing bachelor’s degree of Real Estate Management offered by university 
or college recognized by the CHED. However, such curriculum does not satisfactorily compensate 
the academic requirements for the demand of the profession. Hence, the offering of the bachelor’s 
degree for real estate brokerage, real estate appraisal and master’s degree shall be specified 
before one shall be allowed to take the licensure examination as the case maybe. 
To avoid ambiguous interpretation of the period of revocation and suspension of the 
license and the professional identification card as well as the cancellation of special/temporary 
permit, there is a need to specifically mentioned that in the provision although stated in the other 
provisions. 
On the provision constituting the act of engaging the practice of real estate service, the 
same should be properly clarified and/or specified to prevent ambiguity of its interpretation to 
include the practice of the profession independently within the territory, internationally, or in 
conformance with ASEAN integration or outside the country which needs an accreditation from 
the Board to determine the field of specialization pursuant to the requirement of RA 10968 and its 
implementing rules and regulations (IRR). 
The Prohibition Against the Unauthorized Practice of Real Estate Service should be 
properly clarified to include the use titles such as real property specialists, real property 
consultants or any use of title(s), word, letter, figure or any sign or emblem tending to convey the 
impression that he/she is a real estate service professional.  
August 20, 2025
8:00 am


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To be at par with the international standards and to protect the public from being victimized 
by illegal practitioners or those unauthorized persons to practice the profession. A provision for 
the mandatory engagement of the professional services of Real Estate Professionals as a Real 
Estate Consultant, Real Estate Appraiser or Real Estate Broker, as the case maybe, shall be 
necessary included. 
To prevent from abuse of discretion in appointing unqualified personnel/officials in 
government positions there is a need to specify that shall be filled-up only by registered and 
licensed Real Estate Appraiser. 
On the qualification of Real Estate Salespersons, there is a need to categorically specify 
the requirement of its accreditation prior to the performance of the real estate brokerage profession 
and that they cannot independently practice the profession being under the direct supervision, 
accountability and the responsibility of the licensed Real Estate Broker.  
On corporate practice of real estate service, there were estate, trust and cooperatives are 
now or currently venturing the business as real estate marketing, appraisal and consultancy which 
were not clearly stated in RA#9646 which resulted to illegal professional practice. Hence, the need 
for its enclosure in the amendment including the management of the professionals and 
engagement of the qualified personnel/staff. 
For the Accredited and Integrated Professional Organization (AIPO) of the real estate 
professionals, since there are three (3) professions/disciplines in the RESA and each profession 
focused on specific interest as well as to ease out the existing conflict of interpretation of the law. 
It is hereby proposed to have a separate AIPO of the real estate professionals, namely: AIPO for 
the Real Estate Consultants, AIPO for the Real Estate Appraisers and AIPO for the Real Estate 
Broker with Salespersons as Associate Members, which accreditation shall be subject to the 
approval of the Commission pursuant to its existing rules.  
Just like other profession, there is a need to state the credentials of the professional to 
protect the public, the clients and to disclose important and relevant information of the professional 
as to the Certificate of Registration Number, Professional Identification Card/License Number, 
Privilege Tax Receipt (PTR) Number and Accredited Professional Organization (APO) Permanent 
and Receipt Number is necessary to be enhanced.  
Lastly, considering the value of the transactions that maybe involved as the 
consequence(s) for violating the law and the deletion or removal of the professional indemnity 
bond, the penalty and fine for violating the law should also be intensified or increased. 
In view of the foregoing, immediate approval of this measure is earnestly requested. 
RUFUS B. RODRIGUEZ 
  MAXIMO B. RODRIGUEZ, JR. 


3 
TWENTIETH CONGRESS 
) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session 
) 
HOUSE OF REPRESENTATIVES 
Introduced by Representative Rufus B. Rodriguez and 
Representative Maximo B. Rodriguez, Jr. 
House Bill No.  3847
AN ACT 
AMENDING REPUBLIC ACT NO. 9646 ENTITLED “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”.] 
THIS ACT SHALL BE KNOWN AS THE “EXPANDED REAL ESTATE SERVICE ACT OF THE 
PHILIPPINES”. 
Section 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. 
Section 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.] “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. THIS DEFINITION ALSO INCLUDED ASSISTANT ASSESSOR.


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(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 recreation 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) 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.] 
 
(g) 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 
REGULATION 
COMMISSION (PRC) FOR OR IN EXPECTATION OF A SHARE IN THE COMMISSION, 
PROFESSIONAL FEE, COMPENSATION OR OTHER VALUATION CONSIDERATION.  
 
(h) REAL ESTATE SERVICE PROFESSIONALS SHALL REFER TO AND CONSIST OF 
THE FOLLOWING: 
 


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(1) REAL ESTATE CONSULTANT – A DULY REGISTERED AND LICENSED 
NATURAL PERSONS WHO, FOR A PROFESSIONAL FEE, COMPENSATION OR 
OTHER 
VALUATION 
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 
PERSONS WHO, FOR A PROFESSIONAL FEE, COMPENSATION OR OTHER 
VALUATION 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 BROKER - A DULY REGISTERED AND LICENSED NATURAL 
PERSONS WHO, FOR A PROFESSIONAL FEE, COMMISSION OR OTHER 
VALUATION CONSIDERATION, ACTS AS AN AGENT OF A PARTY IN A REAL 
ESTATE TRANSACTION TO OFFER, ADVERTISE, SOLICIT, LIST, PROMOTE, 
MEDIATE, NEGOTIABLE OR EFFECT THE MEETING OF THE MINDS OF THE 
SALE, PURCHASE, EXCHANGE, MORTGAGE, LEASE OR JOINT VENTURE, 
OR OTHER SIMILAR TRANSACTIONS ON REAL ESTATE OR ANY INTEREST 
THEREIN. 
 
ARTICLE II 
PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE 
 
[Section 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.] 
 
SECTION 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 SIX (6) 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 PROFESSIONALS. 
PROVIDED, THAT TWO (2) APPOINTEES SHALL COME FROM LUZON, TWO (2) FROM 
VISAYAS AND TWO (2) FROM MINDANAO TO BE ABLE TO HAVE EQUAL REGIONAL 
REPRESENTATION.  
 


6 
 
 
Section 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;] PROVIDE COMPREHENSIVE POLICY GUIDELINES FOR THE 
PROMOTION AND DEVELOPMENT OF THE REAL ESTATE PROFESSION; 
 
(b) Conduct licensure examinations for the practice of the real estate service profession and 
prescribe the appropriate syllabi of the subject 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; 
 
(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;] ADOPT A CODE OF ETHICAL STANDARDS 
AND RESPONSIBILITIES AND A TECHNICAL STANDARD FOR THE PRACTICE OF 
THE PROFESSION TO BE STRICTLY OBSERVED BY ALL LICENSED REAL 
ESTATE PROFESSIONALS AND THE ACCREDITED SALESPERSONS; 
 
(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 witness 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 
services, 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;] 
SAFEGUARD AND PROTECT LEGITIMATE AND LICENSED REAL ESTATE 
SERVICE PROFESSIONALS, SUPERVISE AND MONITOR THE PERFORMANCE OF 
THEIR 
PROFESSIONAL 
SERVICES 
INCLUDING 
ALL 
FORMS 
OF 
ADVERTISEMENTS, ANNOUNCEMENTS IN QUAD-MEDIA FORM, CALLING 
CARDS AND OTHER OF SIMILAR NATURE RELATED TO REAL ESTATE IN 
COORDINATION WITH THE ACCREDITED AND INTEGRATED PROFESSIONAL 
ORGANIZATION OF REAL ESTATE PROFESSIONALS 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 


7 
 
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;] 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 
THE BACHELOR’S DEGREE IN REAL ESTATE BROKERAGE, BACHELOR’S 
DEGREE IN REAL ESTATE APPRAISAL, MASTER’S DEGREE IN REAL ESTATE 
AND DOCTOR’S DEGREE IN REAL ESTATE AND TO SEE TO IT THAT THESE 
REQUIREMENTS, INCLUDING THE EMPLOYMENT OF QUALIFIED FACULTY 
MEMBERS WHO ARE LICENSED REAL ESTATE PROFESSIONALS 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;] 
SUPERVISE, 
ACCREDIT 
AND 
REGULATE 
THE 
REGISTRATION, LICENSURE AND THE INDEPENDENT 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) [Prescribed 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;] 
PRESCRIBED 
GUIDELINES 
AND 
CRITERIA 
FOR 
THE 
LADDERIZED 
CONTINUING PROFESSIONAL DEVELOPMENT (CPD) PROGRAMS FOR REAL 
ESTATE SERVICE PROFESSIONALS AND THE ACCREDITED REAL ESTATE 
SALESPERSONS 
IN 
CONSULTATION 
WITH 
THE 
ACCREDITED 
AND 
INTEGRATED PROFESSIONAL ORGANIZATION OF REAL ESTATE SERVICE 
PROFESSIONALS. WHICH CPD PROGRAMS SHOULD BE AN ENHANCEMENT 
OF THE COMPETENCY AND PROFICIENCY OF THE PROFESSIONALS IN 
PROVIDING CREDIBLE SERVICES; 
 
(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;] SCREEN, ISSUE AND MONITOR PERMITS TO 
PROFESSIONAL ORGANIZATIONS IN THE CONDUCT OF CPD PROGRAMS, 
SEMINARS, TRAINING-WORKSHOP AND ACCREDIT THE SAME INCLUDING 
LECTURERS OR INSTRUCTORS, FOR THE PURPOSE OF UPGRADING THE 


8 
 
QUALITY AND KNOWLEDGE OF THE PROFESSION. LIKEWISE, A POOL OF 
ACCREDITED SPEAKERS AS EXPERTS IN SPECIALIZED FIELD(S) SHALL BE 
ESTABLISHED AND MAINTAIN; 
 
(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 subjected 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. 
 
Section 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;] A HOLDER OF A MASTER’S 
DEGREE IN REAL ESTATE; 
 
(c) [An active licensed practitioner of real estate service for at least ten (10) years prior to 
his/her appointment;] A LICENSED REAL ESTATE PROFESSIONAL AND IN ACTIVE 
ACTUAL PRACTICE OF REAL ESTATE SERVICE FOR AT LEAST TEN (10) YEARS 
PRIOR TO HIS/HER APPOINTMENT. AND A HOLDER OF THREE (3) VALID 
LICENSES AS REAL ESTATE CONSULTANT, REAL ESTATE APPRAISER AND 
REAL ESTATE BROKER; 
 
(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 judgement by a 
competent court of a criminal offense involving moral turpitude. 
 
Section 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 office for the 
following terms: one (1) member as Chairperson, to serve for three (3) years; two (2) members to 
service 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 service 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 


9 
 
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. 
 
THE BOARD SHALL ELECT AMONG THEMSELVES A VICE-CHAIRPERSON WHO 
SHALL BE THE MOST SENIOR MEMBER OF THE BOARD. 
 
Section 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 the General 
Appropriations Act.  
 
Section 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. 
 
Section 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. 
 
Section 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 
 
[Section 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.] 
SECTION 12. LICENSURE EXAMINATION. – EVERY APPLICANT SEEKING TO BE 
REGISTERED AND LICENSED AS A REAL ESTATE PROFESSIONAL, 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 FOR TWO (2) DAYS IN SUCH PLACES AND DATES AS THE 
COMMISSION MAY DESIGNATE. 
 


10 
 
Section 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 engagements, 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;] 
 
(a) FOR REAL ESTATE CONSULTANTS –  
 
(A.1) FUNDAMENTALS OF REAL ESTATE CONSULTING SUBJECTS – (1) 
FUNDAMENTALS ON CONSULTING; (2) STANDARDS AND ETHICS AND THE 
CANONS OF REAL ESTATE CONSULTANCY PRACTICE; (3) REAL ESTATE 
FINANCE AND ECONOMICS AND (4) LAND MANAGEMENT SYSTEM AND REAL 
PROPERTY LAWS; 
 
(A.2) PROFESSIONAL CONSULTANCY PRACTICE SUBJECTS – (1) BUSINESS 
COMMUNICATION AND TECHNICAL WRITING; (2) CONSULTING TOOLS AND 
TECHNIQUES;  (3) INVESTMENT MEASUREMENT TOOLS; (4) REAL ESTATE 
CONSULTING AND INVESTMENT ANALYSIS; (5) LEASING VERSUS BUYING 
ANALYSIS; (6) CONSULTING FOR SPECIFIC ENGAGEMENT; (7) ENVIRONMENTAL 
IMPACT ASSESSMENT (EIA) STUDY; (8) PROJECT FEASIBILITY STUDY (PFS); (9) 
CURRENT EVENTS AND TOPICS ON LATEST REAL ESTATE LAWS AND 
DEVELOPMENT;  AND (10) CONSULTING CASES: SPECIFIC CONSULTING 
CASES/PROBLEMS-ESSAY; AND 
 
(A.3) REVALIDA/DEFENSE – PROJECT FEASIBILITY STUDY. 
 
[(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] 
 
(b) FOR REAL ESTATE APPRAISERS –  
 
(B.1) FUNDAMENTALS OF REAL ESTATE APPRAISAL SUBJECTS – (1) 
STANDARDS AND ETHICS, CODE OF ETHICS AND RESPONSIBILITIES AND 
CANONS OF APPRAISERS ETHICAL PRACTICE; (2) LAND MANAGEMENT 
SYSTEM AND REAL PROPERTY LAWS; (3) REAL ESTATE FINANCE AND 
ECONOMICS; (4) HUMAN AND PHYSICAL GEOGRAPHY; (5) GEOGRAPHIC 
INFORMATION SYSTEM (GIS) IN APPRAISAL AND (6) MAP READING; 
 


11 
 
(B.2) TECHNICAL KNOWLEDGE SUBJECTS – (1) FUNDAMENTALS OF REAL 
ESTATE PRINCIPLES AND PRACTICES; (2) APPRAISAL PROCESS; (3) 
VALUATION/APPRAISAL PROCEDURES AND RESEARCH; (4) APPRAISAL 
REPORT 
WRITING; 
(5) 
PRACTICAL 
APPRAISAL 
MATHEMATICS; 
(6) 
GOVERNMENT 
ASSESSMENTS 
PRINCIPLES 
AND 
TAXATION; 
(8) 
EXPROPRIATION APPRAISAL; AND (7) CURRENT EVENTS AND TOPICS ON 
LATEST REAL ESTATE LAWS AND DEVELOPMENT; AND 
 
(B.3) PROFESSIONAL APPRAISAL PRACTICE SUBJECTS – (1) METHODOLOGY 
OF APPRAISAL APPROACHES; AND (2) CASE STUDIES ON SPECIALIZED 
VALUATION: PRACTICAL; 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 other related subjects as may be determined by the Board.] 
 
(c) FOR REAL ESTATE BROKERS –  
 
(C.1) GENERAL/FUNDAMENTALS OF REAL ESTATE SERVICE SUBJECTS – (1) 
FUNDAMENTALS OF PROPERTY OWNERSHIP; (2) CODE OF ETHICS AND 
RESPONSIBILITIES AND THE CODIFIED CANONS FOR THE REAL ESTATE 
BROKERAGE PRACTICE; (3) LEGAL REQUIREMENTS FOR REAL ESTATE 
SERVICE 
PRACTICE, 
RA#9646-RESA 
AND 
ITS 
IRR, 
CONTINUING 
PROFESSIONAL DEVELOPMENT; AND (4) REAL PROPERTY TAXATION, REAL 
ESTATE TAXATION AS AMENDED BY TRAIN LAW;  
 
(C.2) SPECIAL AND TECHNICAL KNOWLEDGE SUBJECTS – (1) SUBDIVISION 
DEVELOPMENT THEORIES AND PRINCIPLES; (2) THEORIES AND PRINCIPLES 
IN REAL ESTATE INVESTMENT TRUST (RA#9658), MACEDA LAW (RA#6552), 
TIME SHARE, AGRI LAW, CARPER AND OTHER TYPES OF REAL ESTATE 
HOLDING; (3) THEORIES AND PRINCIPLES IN LEGAL ASPECT OF CONTRACT, 
SALES, MORTGAGE AND LEASES; AND (4) PRINCIPLES ON DOCUMENTATION 
AND REGISTRATION;  
 
(C.3) PROFESSIONAL BROKERAGE PRACTICE SUBJECTS – (1) REAL ESTATE 
BROKERAGE PRACTICE; (2) REAL ESTATE FINANCE AND ECONOMICS; (3) 
URBAN AND RURAL LAND USE PLANNING, DEVELOPMENT AND ZONING; (4) 
BASIC PRINCIPLES OF ECOLOGY AND THE ENVIRONMENT; (5) GEOGRAPHIC 
INFORMATION SYSTEM AND MAP READING; (6) BASIC APPRAISAL FOR REAL 
ESTATE BROKERS; AND (7) CURRENT EVENTS AND TOPICS ON LATEST REAL 
ESTATE LAWS AND DEVELOPMENT 
 
(C.4) PRACTICAL APPLICATIONS – PROBLEM SOLVING SUBJECTS;  
 
To conform with technological and modern developments, the Board may recluster, 
rearrange, modify, add to, or excluded any of the foregoing subjects as may be necessary. 
 


12 
 
Section 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] A 
HOLDER OF A RELEVANT BACHELOR’S DEGREE FOR REAL ESTATE 
BROKERAGE OR REAL ESTATE APPRAISAL FROM A STATE UNIVERSITY OR 
COLLEGE, OR OTHER EDUCATIONAL INSTITUTION DULY RECOGNIZED BY THE 
CHED. PROVIDED, THAT THE REQUIREMENT FOR TAKING THE LICENSURE 
EXAMINATION FOR CONSULTANT MUST BE A MASTER’S DEGREE IN REAL 
ESTATE AS 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, Than 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.] OF GOOD MORAL CHARACTER, AND MUST 
NOT HAVE BEEN CONVICTED OF ANY CRIME INVOLVING MORAL TURPITUDE: 
PROVIDED, THAN AN APPLICANT FOR THE LICENSURE EXAMINATION FOR 
REAL ESTATE CONSULTANT MUST SHOW PROOF THAT HE/SHE HAS AT LEAST 
TEN (10) YEARS’ ACTIVE EXPERIENCE AS A LICENSED REAL ESTATE BROKER 
PERFORMING ACTUAL REAL ESTATE BROKERAGE SERVICES/FUNCTIONS OR 
WITH AT LEAST FIVE (5) YEARS’ ACTIVE EXPERIENCE AS LICENSED REAL 
ESTATE APPRAISER PERFORMING ACTUAL REAL ESTATE APPRAISAL 
FUNCTIONS/SERVICES. 
 
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. 
 
Section 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. 
 
Section 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. 
 
Section 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 in entitled to practice the profession with all the benefits and privileges 
appurtenant thereto.  This certificate of registration shall remain in full force and effects until 
revoked or suspended in accordance with this Act. 
 


13 
 
Section 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. 
 
Section 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:] 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 FOR A MINIMUM OF TWO 
(2) YEARS 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 
professionals; and 
(e) Engaging in the practice of the professional during the period of one’s suspension. 
 
Section 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 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 
least 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. 


14 
 
 
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 new credentials 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. 
 
Section 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.  
 
Section 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.] ROSTER OF REAL ESTATE 
SERVICE PROFESSIONALS AND ACCREDITED REAL ESTATE SALESPERSONS. – THE 
BOARD AND THE COMMISSION, IN COORDINATION WITH THE INTEGRATED 
PROFESSIONAL ORGANIZATION OF REAL ESTATE SERVICE PROFESSIONALS, SHALL 
PREPARE, UPDATE AND MAINTAIN A ROSTER OF REAL ESTATE SERVICE 
PROFESSIONALS AND THE ACCREDITED REAL ESTATE SALESPERSONS WHICH SHALL 
CONTAIN THE NAMES, THEIRS 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 
POSTED AT PRC WEBSITE AND SHALL BE MADE AVAILABLE TO THE PUBLIC UPON 
REQUEST. 
 
Section 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 professional in the Philippines. 
 
Section 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 


15 
 
 
Section 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 of the 
Philippines. 
 
[Section 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 by 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.] 
 
[Section 27. Acts Constituting the Practice of Real Estate Service. – Any single act or transactions 
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.] 
 
SECTION 26. ACTS CONSTITUTING THE PRACTICE OF REAL ESTATE SERVICE. – ANY 
SINGLE ACT OR TRANSACTIONS EMBRACED WITHIN THE PROVISIONS OF SECTION 3(G) 
HEREOF, AS PERFORMED BY REAL ESTATE SERVICE PROFESSIONALS AS WELL AS 
THAT BY THE ACCREDITED REAL ESTATE SALESPERSONS, SHALL CONSTITUTE AN 
ACT OF ENGAGING IN THE PRACTICE OF REAL ESTATE PROFESSION. PROVIDED, 
THOSE REAL ESTATE PROFESSIONALS WHO ARE INDEPENDENTLY PRACTICING THE 
PROFESSIONS AND SHALL PRACTICE THE PROFESSIONAL INTERNATIONALLY OR 
OUTSIDE THE COUNTRY SHALL BE ACCREDITED WITH THE BOARD TO DETERMINE 
THEIR FIELD OF PROFESSIONAL SPECIALIZATION PURSUANT TO THE REQUIREMENT 
OF RA#10968 AND ITS IMPLEMENTING RULES AND REGULATIONS (IRR); 
 
[Section 28.] SECTION 27. Exemptions from the Acts Constituting the Practice of Real Estate 
Service. – The provisions of this Acts 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 which 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 persons who is a duly constituted attorney-in-fact for the purpose 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. 
 
[Section 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 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 


16 
 
hereto provided.] SECTION 28. PROHIBITION AGAINST THE UNAUTHORIZED PRACTICE OF 
REAL ESTATE SERVICE. – NO PERSON SHALL PRACTICE OR OFFER TO PRACTICE REAL 
ESTATE SERVICE PROFESSION IN THE PHILIPPINES OR OFFER HIMSELF/HERSELF AS 
REAL ESTATE PROFESSIONAL, REAL PROPERTY SPECIALISTS, REAL PROPERTY 
CONSULTANTS OR USE  ANY TITLE, WORD, LETTER, FIGURE OR ANY SIGN OR EMBLEM 
TENDING TO CONVEY THE IMPRESSION THAT HE/SHE IS A REAL ESTATE SERVICE 
PROFESSIONAL, OR ADVERTISE OR INDICATE IN ANY MANNER WHATSOEVER THAT 
ONE IS QUALIFIED TO PRACTICE THE PROFESSION, OR BE APPOINTED AS REAL 
ESTATE 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, 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.  
 
SECTION 29. MANDATORY ENGAGEMENT OF THE PROFESSIONAL SERVICES OF REAL 
ESTATE PROFESSIONALS. – ALL REAL ESTATE BROKERAGE TRANSACTIONS SHALL 
BE PERFORMED BY A LICENSED REAL ESTATE BROKER WHOSE SIGNATURE SHOULD 
APPEAR IN THE CONTRACTS DOCUMENTS AS WITNESS THEREOF; ALL REAL ESTATE 
APPRAISAL WHETHER FOR PERSONAL, PRIVATE OR GOVERNMENT USE SHALL BE 
PERFORMED BY A LICENSED REAL ESTATE APPRAISER, WHOSE APPRAISAL REPORT 
SHALL BE ATTACHED TO THE DOCUMENTS THAT NEEDS OR REQUIRES THEIR 
TECHNICAL EXPERTISE; ALL REAL ESTATE REAL ESTATE CONSULTANCY SHALL BE 
PERFORMED BY A LICENSED REAL ESTATE CONSULTANT WHOSE SERVICES SHALL 
BE REQUIRED IN SUBDIVISION DEVELOPMENT AND SHOULD SIGN THE APPLICATION 
DOCUMENT IN SECURING THE DEVELOPMENT PERMIT APPROVAL. CONCERNED 
GOVERNMENT AGENCIES ARE REQUIRED TO PREPARE THEIR RESPECTIVE RULES ON 
THE COMPLIANCE OF THE LAW UPON ITS EFFECTIVITY.  SERVICES OF REAL ESTATE 
PROFESSIONALS SHALL BE MANDATORY REQUIRED, RESPECTIVELY. 
 
 
Section 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 practitioners, shall 
be filled only by registered and licensed real estate service practitioners.] POSITIONS IN 
GOVERNMENT REQUIRING THE SERVICES OF REGISTERED AND LICENSED REAL 
ESTATE PROFESSIONALS.  – UPON EFFECTIVITY OF THIS ACT, ALL EXISTING AND NEW 
POSITIONS IN THE NATIONAL AND LOCAL GOVERNMENTS, WHETHER CAREER, 
PERMANENT, TEMPORARY OR CONTRACTUAL AND DESIGNATION, PRIMARILY 
REQUIRING THE EXPERTISE OF ANY REAL ESTATE PROFESSIONALS, SHALL BE 
FILLED-UP ONLY BY REGISTERED AND LICENSED REAL ESTATE APPRAISER. 
All incumbent assessors holding permanent appointments shall continue to perform their 
functions without need for reappointment 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. 
 


17 
 
Section 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.] SUPERVISION OF REAL ESTATE SALESPERSONS. – REAL ESTATE 
SALESPERSONS SHALL BE ACCREDITED FIRST UNDER A LICENSED REAL ESTATE 
BROKER BY THE BOARD PRIOR TO THE PRACTICE OF THE REAL ESTATE BROKERAGE 
PROFESSION. PROVIDED, THAT THEY HAVE COMPLETED AT LEAST TWO (2) YEARS OF 
COLLEGE AND HAVE UNDERGONE REAL ESTATE BROKERAGE SEMINAR AS REQUIRED 
BY THE BOARD. REAL ESTATE SALESPERSONS SHALL BE UNDER THE DIRECT 
SUPERVISION, ACCOUNTABILITY, AND RESPONSIBILITY OF A LICENSED REAL ESTATE 
BROKER.   AS SUCH, THEY CANNOT BY THEMSELVES PERFORM THE REAL ESTATE 
BROKERAGE SERVICES INDEPENDENTLY, EITHER DIRECTLY OR INDIRECTLY, CAN 
NEGOTIATE, MEDIATE OR TRANSACT ANY REAL ESTATE TRANSACTION, BE 
SIGNATORIES TO A WRITTEN AGREEMENT INVOLVING A REAL ESTATE BROKERAGE 
TRANSACTIONS UNLESS THE LICENSED REAL ESTATE BROKER WHO HAS DIRECT 
SUPERVISION, RESPONSIBILITY AND ACCOUNTABILITY OVER THEM IS ALSO A 
SIGNATORY THERETO.   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 OR ENGAGEMENT OF THE SERVICES 
AND SUCH ACT MAY SUBJECT THE REAL ESTATE BROKER THE ADMINISTRATIVE 
SANCTIONS AS PROVIDED IN THE RULES.  SALESPERSON SHALL BE ALLOWED ONLY 
TO PRACTICE THE REAL ESTATE BROKERAGE PROFESSIONAL UPON THE APPROVAL 
OF THE RESOLUTION GRANTING HIS/HER ACCREDITATION APPLICATION. 
No salesperson shall be entitled to received 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. 
 
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 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 


18 
 
twenty (20) accredited salespersons.] NO PARTNERSHIP, CORPORATION, ESTATE, 
TRUST AND COOPERATIVES SHALL ENGAGE IN THE OCCUPATIONAL 
SERVICES PERFORMED BY REAL ESTATE PROFESSIONALS UNLESS IT IS 
DULY REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION 
(SEC) AS A JURIDICAL PERSON, AND THE OFFICERS/DIRECTORS/TRUSTEES 
OR PERSONS AUTHORIZED TO ACT FOR THE SAID JURIDICAL PERSON ARE 
ALL LICENSED REAL ESTATE BROKERS IN THE CASE OF REAL ESTATE 
BROKERAGE OR MARKETING AND SELLING REAL ESTATE AND PROJECTS; 
LICENSED REAL ESTATE APPRAISERS IN THE CASE OF REAL ESTATE 
APPRAISAL SERVICES OF REAL PROPERTIES, ITS IMPROVEMENTS AND THE 
MACHINERIES AND EQUIPMENT; OR LICENSED REAL ESTATE CONSULTANTS 
IN THE CASE OF REAL ESTATE CONSULTING SERVICES OF REAL ESTATE.  
THE PARTNERSHIP, CORPORATION, ESTATE, TRUST AND COOPERATIVES 
SHALL REGULARLY SUBMIT A LIST OF ITS REAL ESTATE PROFESSIONALS 
AND THE ACCREDITED REAL ESTATE SALESPERSONS TO THE COMMISSION 
THROUGH THE BOARD, TO THE SEC AND DHSUD AS PART OF ITS ANNUAL 
REPORTORIAL REQUIREMENTS. THERE SHALL A MAXIMUM OF TWENTY (20) 
ACCREDITED REAL ESTATE SALESPERSONS PER ONE (1) LICENSED REAL 
ESTATE BROKER WHO SHALL HAVE DIRECT RESPONSIBILITY AND 
ACCOUNTABILITY OF THEIR REAL ESTATE BROKERAGE ENDEAVOR. 
 
(b)  Divisions or departments of partnership 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.] BRANCH 
OFFICES OF REAL ESTATE BROKER PERFORMING INDEPENDENT REAL 
ESTATE BROKERAGE SERVICES SHALL BE MANAGED BY A LICENSED REAL 
ESTATE BROKER OR BY THE LICENSED REAL ESTATE APPRAISER WHO IS 
PERFORMING INDEPENDENT REAL ESTATE APPRAISAL SERVICES OR SHALL 
BE MANAGED BY A LICENSED REAL ESTATE CONSULTANT PERFORMING 
INDEPENDENT REAL ESTATE CONSULTANCY SERVICES.  
 
(d) IN THE CASE OF APPRAISAL AND CONSULTANCY OFFICES, THE STAFF 
EMPLOYED THERETO SHALL BE QUALIFIED AND COMPETENT AS REQUIRED 
IN THE STANDARDS OF PROFESSIONAL PRACTICE. HENCE, FOR APPRAISAL 
OFFICE THE MINIMUM REQUIREMENT MUST BE A GRADUATE OF A 
BACHELOR’S DEGREE IN APPRAISAL AND FOR CONSULTANCY OFFICE MUST 
HAVE AT LEAST 10 YEARS ACTUAL EXPERIENCE IN REAL ESTATE 
BROKERAGE OR AT LEAST 5 YEARS ACTUAL EXPERIENCE IN APPRAISAL. 
 
In case of resignation or termination from employment of a real estate service practitioners, 
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. 
 


19 
 
Section 33. Display of License in the Place of Business. – Every registered and licensed real 
estate service practitioner shall establish and maintain a principle 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 certificate of 
registration of all the real estate service practitioners employed in such office. 
 
Section 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.] ACCREDITED AND 
INTEGRATED PROFESSIONAL ORGANIZATIONS (AIPOS). – ALL REAL ESTATE 
PROFESSIONALS AND THE ACCREDITED SALESPERSONS SHALL BE REQUIRED TO BE 
A MEMBER OF THE ACCREDITED AND INTEGRATED PROFESSIONAL ORGANIZATION.  
THERE SHALL BE SEPARATE AIPO FOR THE REAL ESTATE CONSULTANTS, REAL 
ESTATE APPRAISERS AND REAL ESTATE BROKER WITH SALESPERSONS AS 
ASSOCIATE MEMBERS, WHICH ACCREDITATION OF THE AIPO SHALL BE SUBJECT TO 
THE APPROVAL OF THE COMMISSION PURSUANT TO ITS EXISTING RULES. 
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. 
 
Section 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. 
 
Section 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.] CONTINUING PROFESSIONAL DEVELOPMENT (CPD) 
PROGRAM. – THE BOARD SHALL DEVELOP, PRESCRIBE AND PROMULGATE 
GUIDELINES AND PROGRAMS ON CPD IN CONSULTATION WITH THE ACCREDITED AND 
INTEGRATED PROFESSIONAL ORGANIZATION OF REAL ESTATE PROFESSIONALS, 
AFFILIATED ASSOCIATION OF REAL ESTATE SERVICE PROFESSIONALS 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 CPD COUNCIL THAT SHALL BE 
COMPOSED OF A CHAIRPERSON COMING FROM THE BOARD, MEMBERS FROM THE 
ACCREDITED AND INTEGRATED PROFESSIONAL ORGANIZATION OF REAL ESTATE 
SERVICE PROFESSIONALS AND A MEMBER FROM THE ACADEME.  THE CPD COUNCIL 
SHALL PREPARE AN ANNUAL CPD PROGRAMS TO BE SUBMITTED TO THE BOARD 
WHICH TRAINING PROGRAMS SHALL BE FOR THE ENHANCEMENT OF THE 
COMPETENCY AND PROFICIENCY OF THE PROFESSIONALS AND THE REAL ESTATE 
SALESPERSONS RELEVANT TO THE PRACTICE OF THE PROFESSION.   
 


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Section 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. 
 
Section 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.] INDICATION OF THE CERTIFICATE OF 
REGISTRATION NUMBER, PROFESSIONAL IDENTIFICATION CARD/LICENSE NUMBER, 
PRIVILEGE TAX RECEIPT (PTR) NUMBER AND ACCREDITED PROFESSIONAL 
ORGANIZATION (APO) PERMANENT AND RECEIPT NUMBER. – REAL ESTATE 
PROFESSIONALS AND ACCREDITED REAL ESTATE SALESPERSONS SHALL BE 
REQUIRED TO INDICATE THE PRC REGISTRATION NUMBER OR LICENSE NUMBER, 
PROFESSIONAL IDENTIFICATION CARD NUMBER AND ITS VALIDITY, PTR NUMBER AND 
THE DATE OF ISSUANCE, AIPO PERMANENT AND RECEIPT NUMBER WITH ITS VALIDITY 
ON ALL THE DOCUMENTS HE/SHE SIGNS, USES OR ISSUES IN CONNECTION WITH THE 
PRACTICE OF HIS/HER PROFESSION. 
 
Section 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 (P100,000.00) 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.] 
PENAL PROVISIONS. – ANY VIOLATION OF THIS ACT, INCLUDING ITS IMPLEMENTING 
RULES AND REGULATIONS, SHALL BE METED WITH THE PENALTY OF A FINE OF NOT 
LESS THAN TWO HUNDRED THOUSAND PESOS (P200,000.00) 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 WAS COMMITTED BY AN 
UNLICENSED INDIVIDUAL OR THOSE UNAUTHORIZED TO PRACTICE THE REAL ESTATE 
PROFESSION, 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. 
 
Section 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 Appropriation Act and thereafter. 
 
Section 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. 
 
Section 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 


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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. 
 
Section 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 
pair of this Act.  
 
Section 44. Repealing Clause. – (a) Sections 3€ and (ee) of Act. No. 2728, as amended by Act 
No. 3715 and Act No. 3969, Section 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 his Act are 
hereby modified, superseded or repealed accordingly. 
 
Section 45. Effectivity. – This Act shall take effective fifteen (15) days following its publication in 
the Official Gazette or in a major daily newspaper of general circulation in the Philippines. 
 
 
Approved,