Thursday, July 30, 2009

RESA Law - The Philippine Real Estate Service Act



S. No. 2963



H. No. 3514



Congress of the Philippines


Fourteenth Congress




Begun and held in Metro Manila, on Monday, the twenty-eighth day of July, two thousand eight.





[ REPUBLIC ACT NO. 9646 ]



AN ACT REGULATING THE PRACTICE OF REAL ESTATE SERVICE IN THE PHILIPPINES, CREATING FOR THE PURPOSE A PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES


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



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ARTICLE


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".


2. Declaration of Policy. - The State recognizes the vital role of real estate service practitioners in the social political, economic development and progress of the country by promoting the real estate market, stimulating economic activity and enhancing government income from real property-based transactions. Hence, it shall develop and nurture through proper and effective regulation and supervision a corps of technically competent, responsible and respected professional real estate service practitioners whose standards of practice and service shall be globally competitive and will promote the growth of the real estate industry.



SEC. 3. Definition of Terms. - As used in this Act, the following terms shall mean:


(a) "Appraiser" also known as valuer, refers to a person who conducts valuation/appraisal; specifically, one who possesses the necessary qualifications, license, ability and experience to execute or direct the valuation/appraisal of real property.


(b) "Assessor" refers to an official in the local government unit, who performs appraisal and assessment of real properties, including plants, equipment, and machineries, essentially for taxation purposes. This definition also includes assistant assessors.


(c) "Real estate" refers to the land and all those items which are attached to the land. It is the physical, tangible entity, together with all the additions or improvements on, above or below the ground.

(d) "Real estate development project" means the development of land for residential, commercial, industrial, agricultural, institutional or recreational purposes, or any combination of such including, but not limited to, tourist resorts, reclamation projects, building or housing projects, whether for individual or condominium ownership, memorial parks and others of similar nature.



(e) "Real estate developer" refers to any natural or juridical person engaged in the business of developing real estate development project for his/her or its own account and offering them for sale or lease.



(f) "Real property" includes all the rights, interests and benefits related to the ownership of real estate.



(g) "Real estate service practitioners" shall refer to and consist of the following:

(1) Real estate consultant - a duly registered and licensed -natural person who, for a professional fee, compensation or other valuable consideration, offers or renders professional advice and judgment on: (i) the acquisition, enhancement, preservation, utilization or disposition of lands or improvements thereon; and (ii) the conception, planning, management and development of real estate projects.


(2) Real estate appraiser— a duly registered and licensed natural person who, for a professional fee, compensation or other valuable consideration, performs or renders, or offers to perform services in estimating and arriving at an opinion of or acts as an expert on real estate values, such services of which shall be finally rendered by the preparation of the report in acceptable written form.


(3) Real estate assessor — a duly registered and licensed natural person who works in a local government unit and performs appraisal and assessment of real properties, including plants, equipment, and machineries, essentially for taxation purposes.


(4) Real estate broker - a duly registered and licensed natural person who, for a professional fee, commission or other valuable consideration, acts as an agent of a party in a real estate transaction to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other similar transactions on real estate or any interest therein.


(5) Real estate salesperson - a duly accredited natural person who performs service for, and in behalf of. a real estate broker who is registered and licensed by the Professional Regulatory Board of Real Estate Service for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration.






ARTICLE II


PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE



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



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


SEC. 5. Powers and Functions of the Board. — The Board is hereby vested the following powers and functions:

(a) Provide comprehensive policy guidelines for the promotion and development of the real estate industry;


(b) Conduct licensure examinations for the practice of the real estate service profession and prescribe the appropriate, syllabi of the subjects for examination;


c) Issue, suspend, revoke or reinstate, after due notice and hearing, certificates of registration or professional identification cards for the practice of real estate service;


(d) Maintain a comprehensive and updated register of licensed real estate service professionals;


(e) Monitor the conditions affecting the practice of real estate service and adopt such measures as may be proper for the enhancement of the profession and/or the maintenance of high professional, ethical and technical standards;


(f) Adopt a national Code of Ethics and Responsibilities to be strictly observed by all licensed real estate service practitioners;


(g) Hear or investigate any violation of this Act, its implementing rules and regulations, and the Code of Ethics and Responsibilities for real estate service practitioners and issue subpoena and subpoena duces tecum to secure the appearance of witnesses and the production of documents in connection therewith;


h) Safeguard and protect legitimate and licensed real estate service practitioners and, in coordination with the accredited and integrated professional organization of real estate service practitioners, monitor all forms of advertisements, announcements, signboards, billboards, pamphlets, brochures and others of similar nature concerning real estate and, where necessary, exercise its quasi-judicial and administrative powers to finally and completely eradicate the pernicious practices of unauthorized or unlicensed individuals;


(i) Prescribe, in cooperation with the Commission on Higher Education (CHED) or the concerned state university or college, the essential requirements as to the curricula and facilities of schools, colleges or universities seeking permission to open academic courses or already offering such courses in real estate service, and to see to it that these requirements, including the employment of qualified faculty members, are properly complied with;


(j) Promulgate, .administer and enforce rules and regulations necessary in carrying out the provisions of this Act;


(k) Supervise and regulate the registration, licensure and practice of real estate service in the Philippines;


(1) Assess and fix the rate of reasonable regulatory fees;


(m) Administer oaths and affirmations;


(n) Adopt an official seal of the Board;


(o) Evaluate periodically the status of real estate service education and profession, and recommend and/or adopt measures to upgrade and maintain its high standard;


(p) Prescribe guidelines and criteria for the Continuing Professional Education (CPE) program for real estate service practitioners in consultation with the accredited and integrated professional organization of real estate service practitioners;


(q) Screen, issue and monitor permits to organizations of real estate professionals in the conduct of seminars and accredit such seminars pursuant to the CPE program, as well as the instructors or lecturers therein, for the purpose of upgrading the quality and knowledge of the profession;



(r) Monitor and supervise the activities of the accredited and integrated professional organization and other associations of real estate service practitioners; and


(s) Discharge such other powers, duties and functions as the Commission may deem necessary to carry out the provisions of this Act.

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


SEC. 6. Qualifications of the Chairperson and Members of the Board. - The chairperson and the members of the Board shall, at the time of their appointment, possess the following qualifications:


(a) A citizen and resident of the Philippines;


(b) A holder of a bachelor's degree related to real estate;


(c) An active licensed practitioner of real estate service for at least ten (10) years prior to his/her appointment;


(d) A bona fide member in good standing of the accredited and integrated professional organization of real estate service practitioners but not an officer or trustee at the time of his/her appointment;


(e) Neither be a member of the faculty of an institute, school, college or university, nor have any pecuniary interest, direct or indirect, in any institution or association where review classes or lectures in preparation for the licensure examination are being offered or conducted; and



(f) Of good moral character, and must not have been convicted by final judgment by a competent court of a criminal offense involving moral turpitude.


SEC. 7. Term of Office. - The chairperson and the members of the Board shall hold office for a term of three (3) years from the date of their appointment and until their successor/s shall have been appointed: Provided, That the members of the first appointed Board shall hold office for the following terms: one (1) member as chairperson, to serve for three (3) years; two (2) members, to serve for two (2) years; and two (2) members, to serve for one (1) year.

The chairperson and the members of the Board may be reappointed for a second term but in no case shall he/she serve continuously for more than six (6) years. Any vacancy in the Board shall be filled for the unexpired portion of the term of the member who vacated the position. On the constitution of the first Board, the chairperson and the members of the Board shall automatically be registered and issued certificates of registration and professional identification cards. Each member of the Board shall take the proper oath of office prior to the assumption of duty.


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

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


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


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



ARTICLE III



LICENSURE EXAMINATION AND REGISTRATION



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


SEC. 13. Scope of Examination. - An examination shall be given to the licensure applicants for real estate brokers, real estate appraisers and real estate consultants which shall include, but not limited to, the following:


(a) For real estate consultants - fundamentals of real estate consulting; standards and ethics; consulting tools and techniques, which include project feasibility study and investment measurement tools; real estate finance and economics; real estate consulting and investment analyses; consulting for specific engagement, which includes consulting for commercial, industrial, recreation and resort and hotel properties, and consulting for government and corporate and financial institutions; land management system and real property laws; and any other related subjects as may be determined by the Board;


(b) For real estate appraisers - fundamentals of real estate principles and practices; standards and ethics; theories and principles in appraisal; human and physical geography; methodology of appraisal approaches; valuation procedures and research; appraisal of machinery and equipment; practical appraisal mathematics; appraisal report writing; real estate finance and economics; case studies; land management system and real property laws; and any other related subjects as may be determined by the Board; and



(c) For real estate brokers - fundamentals of property ownership; code of ethics and responsibilities; legal requirements for real estate service practice; real estate brokerage practice; subdivision development; condominium concept; real estate finance and economics; basic principles of ecology; urban and rural land use; planning, development and zoning; legal aspect of sale, mortgage and lease; documentation and registration; real property laws; and any other related subjects as may be determined by the Board.


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


SEC. 14. Qualification of Applicants for Examinations. -In order to be admitted to the licensure examination for real estate service, a candidate shall, at the time of filing his/her application, establish to the satisfaction of the Board that he/she possesses the following qualifications:


(a) A citizen of the Philippines;


(b) A holder of a relevant bachelor's degree from a state university or college, or other educational institution duly recognized by the CHED: Provided, That as soon as a course leading to a Bachelor's degree in Real Estate Service is implemented by the CHED, the Board shall make this course a requirement for taking the "licensure examination; and


(c) Of good moral character, and must not have been convicted of any crime involving moral turpitude: Provided, That an applicant for the licensure examination for real estate consultants must show proof that he/she has at least ten (10) years experience as a licensed real estate broker or an assessor, or as a bank or institutional appraiser or an employed person performing real property valuation, or at least five (5) years experience as a licensed real estate appraiser.

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



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

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

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



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



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


SEC. 19. Revocation or Suspension of the Certificate of Registration and the Professional Identification Card or Cancellation of Special/Temporary Permit. - The Board may, after giving proper notice and hearing to the party concerned, revoke the certificate of registration and the professional identification card, or cancel the special/temporary permit of a real estate service practitioner, or suspend him/her from the practice of the profession on any of the following instances hereunder:



(a) Procurement of a certificate of registration and/or professional identification card, or special/temporary permit by fraud or deceit;

(b) Allowing an unqualified person to advertise or to practice the profession by using one's certificate of registration or professional identification card, or special/temporary permit;


(c) Unprofessional or unethical conduct;

(d) Malpractice or violation of any of the provisions of this Act, its implementing rules and regulations, and the Code of Ethics and Responsibilities for real estate service practitioners; and


(e) Engaging in the practice of the profession during the period of one's suspension.



SEC. 20. Registration Without Examination, - Upon application and payment of the required fees, the following shall be registered, and shall be issued by the Board and the Commission a certificate of registration and a professional identification card without taking the prescribed examination:



(a) Those who, on the date of the effectivity of this Act, are already licensed as real estate brokers, real estate appraisers or real estate consultants by the Department of Trade and Industry (DTI) by virtue of Ministry Order No. 39, as amended: Provided, That they are in active practice as real estate brokers, real estate appraisers and real estate consultants, and have undertaken relevant CPE to the satisfaction of the Board;


(b) Assessors and appraisers who, on the date of the effectivity of this Act, hold permanent appointments and are performing actual appraisal and assessment functions for the last five (5) years, have passed the Real Property Assessing Officer (RPAO) examination conducted and administered by the Civil Service Commission (CSC) in coordination with the Department of Finance (DOF), and have undertaken relevant CPE to the satisfaction of the Board; and


(c) Assessors and appraisers who, on the date of the effectivity of this Act, hold permanent appointments and have at least ten (10) years actual experience in real property appraisal or assessment and have completed at least one hundred twenty (120) hours of accredited training on real property appraisal conducted by national or international appraisal organizations or institutions/entities recognized by the Board and relevant CPE to the satisfaction of the Board.



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




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



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


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



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



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




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




ARTICLE IV




PRACTICE OF REAL ESTATE SERVICE




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


SEC. 26. Professional Indemnity Insurance/Cash or Surety Bond. — All real estate brokers and private real estate appraisers shall, in addition to the oath referred to in the preceding section, be required to post a professional indemnity insurance/cash or surety bond, renewable every three (3) years, in an amount to be determined 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.



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



SEC. 28. Exemptions from the Acts Constituting the Practice of Real Estate Service. - The provisions of this Act and its rules and regulations shall not apply to the following":



(a) Any person, natural or juridical, who shall directly perform by himself/herself the acts mentioned in Section 3 hereof with reference to his/her or its own property, except real estate developers;



(b) Any receiver, trustee or assignee in bankruptcy or insolvency proceedings;



(c) Any person acting pursuant to the order of any court of justice;



(d) Any person who is a duly constituted attorney-in-fact for purposes of sale, mortgage, lease or exchange, or other similar contracts of real estate, without requiring any form of compensation or remuneration; and



(e) Public officers in the performance of their official duties and functions, except government assessors and appraisers.


SEC. 29. Prohibition Against the Unauthorized Practice of Real Estate Service. - No person shall practice or offer to practice real estate service in the Philippines or offer himself/herself as real estate service practitioner, or use the title, word, letter, figure or any sign tending to convey the impression that one is a real estate service practitioner, or advertise or indicate in any manner whatsoever that one is qualified to practice the profession, or be appointed as real property appraiser or assessor in any national government entity or local government unit, unless he/she has satisfactorily passed the licensure examination given by the Board, except as otherwise provided in this Act, a holder of a valid certificate of registration, and professional identification card or a valid special/temporary permit duly issued to him/her by the Board and the Commission, and in the case of real estate brokers and private appraisers, they have paid the required bond as hereto provided.



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


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



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


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



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



SEC. 32. Corporate Practice of the Real Estate Service.


(a) No partnership or corporation shall engage in the business of real estate service unless it is duly registered with the Securities and Exchange Commission (SEC), and the persons authorized to act for the partnership or corporation are all duly registered and licensed real estate brokers, appraisers or consultants, as the case may be. The partnership or corporation shall regularly submit a list of its real estate service practitioners to the Commission and to the SEC as part of its annual reportorial requirements. There shall at least be one (1) licensed real estate broker for every twenty (20) accredited salespersons.



(b) Divisions or departments of partnerships and corporations engaged in marketing or selling any real estate development project in the regular course of business must be headed by full-time registered and licensed real estate brokers.



(c) Branch offices of real estate brokers, appraisers or consultants must be manned by a duly licensed real estate broker, appraiser or consultant as the case may be.



In case of resignation or termination from employment of a real estate service practitioner, the same shall be reported by the employer to the Board within a period not to exceed fifteen (15) days from the date of effectivity of the resignation or termination.



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



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


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



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


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



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



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


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



ARTICLE V



PENAL AND FINAL PROVISIONS



SEC. 39. Penal Provisions, - Any violation of this Act, including violations of implementing rules and regulations, shall be meted the penalty of a fine of not less than One hundred thousand pesos (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.



In case the violation is committed, by a partnership, corporation, association or any other juridical person, the partner, president, director or manager who has committed or consented to or knowingly tolerated such violation shall be held directly liable and responsible for the acts as principal or as a co-principal with the other participants, if any.



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



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



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


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



SEC. 44. Repealing Clause.


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



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



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





PROSPERO C. NOGRALES
Speaker of the House of Representatives



Approved,

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




Marilyn B. Barua-y
Secretary of the Senate Secretary General House of Representatives

Approved:

GLORIA MACAPAGAL-ARROYO
President of the Philippines

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

209 comments:

  1. Where are the schools
    offering BS in Real Estate course?

    ReplyDelete
    Replies
    1. in Baguio City, the University of the Cordilleras is offering the program, because it's trimestral...you can finish the course in three years.

      Delete
    2. ppano yun nalate na magparegisterd sa prc as a salessperson ano dapat gawin sayang namn ang nag take ng cpe as a salesperson tapos na pala sana meron pa para legal 25 kami na di pa naparegistered here in manila

      Delete
    3. resa law pls do reply po thanks when po ba last registered ng cpe as a sales person salamat

      Delete
    4. ask ko lang dapat reply kayo kailan uli ang cpe as salesperson salamat po

      Delete
    5. bka meron kau alam na real estate na nag bibigay license as sales person naka attend na ako cpe need nila 5 years sa company paki reply po

      Delete
  2. whan will be the examination?

    ReplyDelete
  3. No curriculum yet and no exam yet so hold your horses first before jumping in.

    ReplyDelete
  4. how about those who are engaged in real estate and accredited by the developers for many years and feeding his family by means of services thru mediating/selling developers property

    ReplyDelete
  5. how about those who are holders of licensed real estate broker administered by the Dept. of Trade & Industry,do they have to take the exam with the PRC again ?

    ReplyDelete
  6. how about those who are freelance agents who sell different products but given a chance to mediate for selling of real property? Are they still required to get a license before doing the service?

    ReplyDelete
  7. I heard the next exam's in December. Correct?

    ReplyDelete
  8. if an individual who has NOT yet graduated but is currently taking a bachelor's degree wishes to take the exam, can he take it provided that he undergoes proper review and submits the other necessary documents?

    ReplyDelete
  9. good info tnx.
    -nofeara-

    ReplyDelete
  10. The 120 hrs required training needed for incumbent assessors with 10 yrs experience on assessment services is too rigid to complete before June 1, 2011 in order to qualify for registration and application of PRC id... any rules to mitigate this requirement for "incumbent assessors"?

    ReplyDelete
  11. I have a real estate license here in US what do I need to do in order to practice in the Philippines.

    thanks

    ReplyDelete
  12. wat about the salespersons who are only highschool graduates??? wat should they do in order to be qualified salesperson again??

    ReplyDelete
  13. How can a licensed real estate broker be registered without examination when he/she is living /working abroad, no access to seminars for CPE credits? Is there a rule exempting him/her for CPE while abroad or at least to defer this requirement beyond the deadline July 30, 2011? It would be unfair to deny him/her registration on that basis (no CPE) since the seminars are not accessible to him/her.

    ReplyDelete
  14. RESA law says, the Chairman of the Board and a member of the Board is, "A holder of a bachelor's degree related to real estate." Are all in the Board are holders of this particular degree???I view the organization of the Real Estate in the Philippines is like putting the cart ahead of a carabao!!!

    ReplyDelete
  15. The experienced requirements is too much, thus depriving the chance of others to make money in real estate. College diploma and degree plus passing the training requirements and RESA exams should be enough. Just like the other professions e.g atty...no experience is required as long as you pass the bar examinations...same with the doctors... then why this resa law has qualification requirement of 10 and 5 yrs????? To all our law maker please review this law and if possible recommend for amendment ( to exclude the experience as qualifications to give chance to new newbies in real estate business) Thank you...

    ReplyDelete
  16. This is a report to warn the public regarding the Broker using FAKE LICENSE, JOVE BUAN, EDWINA SAQUITAN and EDEN LINDO. Pls. investigate these 3 brokers working for ICONEVILLE CONSRUCTION & DEVELOPMENT, a company who engage in illegal selling of lots with office address at Zigzag, Dalig. Antipolo City. Selling with out License to Sell, No Development Permit and acce4pting payments but no development in their projects at Sta Ana Taguig, Dalig Antipolo City, Plaza Aldea Tanay, Sn Mateo and Real Quezon.

    ReplyDelete
    Replies
    1. God Bless You whoever you are...we know who u are...goodluck!

      Delete
    2. bakit ka ganyan nora pozon, pagtapos pakinabangan ang pera ng kompanya, naninira ka sa iconeville pati mga empleyado, hintayin mo karma mo, hindi nman kmi naninira sa ginawa mong
      panloloko sa kompanya...

      Delete
    3. BUYERS BEWARE OF NORA POZON a license broker residing in pasig city.She is no longer connected with ICONEVILLE CONSTRUCTION AND DEVELOPMENT after collecting the money of the buyers and did not remit the whole amount to the company. And as a revenge of being out of the company she wrote against the company and the employees as you see in the above.She must know how to accept her fault.

      Delete
    4. LEONORA POZON alyas NORA POZON of Maybunga Pasig city please stop commenting bad words or lies to ICONEVILLE CONSTRUCTION AND DEVELOPMENT and to their employees.

      Delete
    5. huh??? Nora Pozon? I know her She is a nice agent She give efficient service when I bought my house, she is very accommodating and really a humble lady. I guess you don't know her.

      Delete
    6. Yes nora pozon is a very nice woman, maybe iconeville employees is just lying and maybe they want ms pozon to blamed of what they did. yung karma sainyo uuwi yan hindi ke ms. nora I know her she is really a nice person.

      Delete
    7. OK NO, PROBLEM LET SEE WHAT HAPPENS!!NORA POSON MAY GOD BLESS YOU ALWAYS!!! GOODLUCK NA LANG ON YOUR TRANSACTIONS

      Delete
    8. may mga nahikayat na naman recently para kumuha ng mga lote sa Taguig... walang ipinapakitang License to Sell ang mga tumatanggap ng bayad na nag-i-issue ng resibo sa kanilang maliit na opisina sa Sta. Ana Taguig, pero ang address ng resibo ay zigzag, dalig antipolo.

      Delete
    9. naku.... kumuha pa naman ako sa taguig bgy calzada, naghuhulog na kami doon.... paano ko kaya marerefund ang pera ko?

      Delete
    10. any update po sa iconeville sa mga naunang bumili?na turn over na po ha mga title nyo? thank u and god bless u

      Delete
    11. anu po bang meron at hindi magkaroon ng license to sell ang ICONEVILLE? matagal na po itong thread na ito since 2012 pa po. May naturn over na ba sa mga naka-five years na or naka full payment na?

      Delete
    12. Sa mga nagtatanong kung legit na developer si Iconeville, YES po Legit po sila, base po sa actual observasion ko sa mga permit nila wag po kayo bumase sa License to sell pagpre-selling pa lang ang lote. Bakit ko nasabe? Kasi mag-iissue lang ang HLURB kapag may development na sa mis mong project.!!! Buyer din po ng lot at nakakuha ako sa Pililla Quisao. Naverify ko sa Municipal of Pililla na may permit to develop sila at sa registry of deeds kung malinis yung Title. As buyer dapat po consider nyo rin po yung iba pang permit na inaasikaso nila sa government. Mis mong isa sa mga may-ari ng iconeville na nakausap namin regarding development process.

      Delete
  17. BUYERS BEWARE of Iconeville Construction and Development. You might be the next victim. Selling with out License to Sell, No Development Permit, No License Broker, Unlicense Architect, No development on their projects. JOVE BUAN, officeial Broker using FAKE License no. 3048 . everything is illegal, HUH!

    ReplyDelete
    Replies
    1. shit i also have one lot in iconeville dalig antipolo. so how can i refund my payment .

      Delete
    2. Who are you? If you have any question regarding our company or if you want to refund your payment, just go to our office and we are willing to refund your money. Dont believe on what you see in the internet because they are all lies.

      Delete
    3. NORA POZON why dont you accept your mistakes or fault. Iam the one who introduce you in ICONEVILLE CONSTRUCTION AND DEVELOPMENT and a big embarassing for me for what you did in our company.Our company did not file any legal action against you for what you did just to fired you out of the company. But you are not stopping from commenting bad words in the internet. Stop it because our company is planning to sue you for what you have done.Nobody will do this except you because you are only the one who knew our different projects which you mention in the above anonymous.

      Delete
    4. hw can i assure that iconeville is legally operated and that this nora pzon is telling lies??my brother brought 2lots in iconeville,and now im worried for him...

      Delete
    5. ako rin kumuha ng 2 lots sa iconville.....natatakot na tuloy ako

      Delete
    6. Their new lot for sale in ibayo tipas/ napindan is NOT FOR SALE no records at city hall.

      Delete
    7. Pa update nmn po kasi my lot din ako dun n continues ko pong tintyagang huligan

      Delete
    8. I purchased two lots in Tanay from Iconeville, I paid it in cash. Never ever deal with this unscrupulous developer. For those who want to file complaints to HLURB we can coordinate and submit together.

      Delete
    9. Jaejac, ano po nangyari sa lupa na binayaran mo ng cash?

      Delete
  18. It was rather interesting for me to read this blog. Thanks for it. I like such topics and anything connected to them. I definitely want to read a bit more soon.

    ReplyDelete
  19. BUYERS OF ANTIPOLO AND TANAY. BEWARE OF ICONEVILLE CONSTRUCTION AND DEVELOPMENT. YOU MIGHT THE NEXT VICTIM.

    ReplyDelete
    Replies
    1. why? can you us please so we will know.

      Delete
    2. hi any updaye about iconeville po..any reviews as of now

      Delete
    3. Almost 7 years . until now i see no developed on the said land

      Delete
    4. anu pong phase kinuha nio?

      Delete
    5. Kumuha po ako NG 2 lots sa iconville nag reserve na po ako ngayon. Po sa mga nababasa ko dito parang kinakabahan na ako until now wala akong nakitang development doon.. And pag research po nmin may ceased and desist order April 2019.. MAY 2019 PO KAME NAKA RESERVE PAANO PO KAYA IYON..

      Delete
    6. For all those who have complaints about Iconeville, we should share our grievances. Let's all coordinate.

      Delete
    7. ano po ba problema sa iconeville.

      Delete
    8. Hello, any update po sa iconville? Did you get your refund po?

      Delete
  20. what is really the problem with iconeville can you tell us please so we will have idea.

    ReplyDelete
  21. I bought one lot in Antipolo last 2 yrs ago, iconeville development promise us that they will develop the said area but until now there is no development and Ms. Jovy claimed herself as a licensed broker but upon checking prc record she is not a license broker and the number that she use is not on the master list you can check to prc also.

    ReplyDelete
    Replies
    1. We also had the same case as yours, bumili kame ng lot sa Iconeville Sta. Ana Taguig 2 years ago (2015) until now wla pdin development sa project. Yung receipt na binibigay nila ay Zigzag Rd Antipolo ang address. Then we recently found out na wla sila license to sell. As advised by HLURB, we can file a complaint to them and they can help us in refunding the money, thus this needs legal action para wla ng mabiktima pang iba. Thank you for your reviews as it proves na Iconville is a scam!

      Delete
    2. Hello any update po on this? is Iconville really a scam? someone approaches me asking if we want to buy lots in pillila rizal under this company, and am so interested but to my dismay upon reading the conversation here about them... I guess not worth to push through unless otherwise someone can justify that they are legit :)

      Delete
    3. Check the permits and registration of the developer (BIR/DTI/Mayor's Permit/Business License). Go the Barangay Hall and Municipal Hall where the project is located. Ask about it and if the developer has permit for development. Ask about the history of that land. YOu may also check at http://hlurb.gov.ph/online-inquiry/ if the developer has a License to Sell. (HLURB- Housing and Land Use Regulatory Board).
      Also, ask if the person selling to you is an agent or broker. Ask for their ID, check with PRC. Do not give money until you have verified everything. Be very cautious. ASK PEOPLE YOU KNOW WHO HAS KNOWLEDGE ON REAL ESTATE. RESEARCH RESEARCH RESEARCH!! AND SHARE THE KNOWLEDGE!!! OR REPORT TO THE AUTHORITIES! LET'S HELP ONE ANOTHER.

      Delete
    4. Iconeville Construction and Development has no License to Sell as of date, check hlurb website. They have no permit whatsoever from the Municipal Hall or Barangay Hall of Pililla.

      Delete
    5. Hi, called HLURB and Pililia municipality. Yes, no registration yet with HLURB and no permit to sell. As per the munisipyo the developer (ICONVILLE) were asked to stop due to violation but they are processing the documents. Also, the owner of the lot went to the munisipyo to talk to the complainant.

      Delete
    6. Any update sa iconville naka kuha din ako doon pero isa lang. Worried din ako kasi baka masayang lang. Hindi naman sa walang tiwala, nag bayad ka nga di ba kahit kulang mga docs nila. Pero bakit nga kulang? Ano ba ang publema sakanila. At di lang ito yung may publema. Kundi lahat ng area ng iconville. Sorry sa mga natatamaang tao sa paligid. Pero pwede paintindihin niyo po sa bawat isa sa mga bumili ng lot sa iconville kung bakit wala pa din progress kahit sa ibang location? Para maiwasan lang yung mga ganitong komento. Sino po dito ang mga nakakakuha sa iconville pilillia? Paemail po ako sa skisana.toyota@gmail.com let’s make things clear para walang labuan at walang dudahan

      Delete
    7. kumuha din po ako sa iconville pililia, any update po sa status nila? scam or legit? ty

      Delete
    8. Kakakuha lang namin.3 lots dito pililia.. any updates po?

      Delete
    9. may update na po ba sa iconeville?

      Delete
    10. they already have an application for land development per Pililla Municpal Hall but not yet completed (pre-requisite for License to Sell).. you can also go there for the status..

      Delete
    11. Nag uumpisa na ngayon pgawa mga daan sa site...

      Delete
    12. I checked at HLURB kahit ni isang project ng iconeville construction and development walang license to sell

      Delete
    13. Ok lang kaya na ituloy ang paghulog kahit on process pa lang license to sell nila?

      Delete
    14. Kaya nag 2 isip ako kumuha jan kasi ala permit mura nga kaso baka masayang lang din un pera... ilan taon na binebenta wala pa naglapagawa kahit main road....

      Delete
    15. Hi any update may mga title na bang naturnover

      Delete
    16. Oh my, buti nalang nabasa ko ang thread na to, nagcheck ako sa website ng HLURB wala nga dun kahit isang project ang ICONEVILLE. sold out na pa naman yung sa Pililla project nila at mag oopen nanaman sila ng bago. Yung mga fully paid na dyan nakuha nyo naba ang title nyo?

      Delete
    17. kukuha pa naman sana ako 2 lot this saturday

      Delete
    18. Naginquire ako sa isang agent nila today. In process daw po ung license to sell nila. Hirap kasi pumunta dun sa city hall to check ung status nila. Paupdate naman po sa makakaalam ng status. Medyo may pressure yung sales, few slots on Phase 2 na, closed na by Saturday.

      Delete
    19. I was also planning to get 2 lots kasi mura buti nakita ko itong mga feedback and reviews.

      Delete
  22. good day im planning to buy a lot in sta ana taguig just wondering if iconeville construction and development is legally have a right to sell some of lots in calzada taguig..tnx more power

    ReplyDelete
  23. buyers, be careful. before giving any money, verify the documents. this is your right. remeber this is your life's savings.

    ReplyDelete
  24. hi!
    may i know if iconeville construction and development is really a legal company to operate? me, my brother and bf bought lots in antipolo.. according to my agent, pinapatag pa raw ang lupa.. it's been more than two years already.. hope you can clarify.. do i need to go to the office as soon as possible and request refund?
    thanks a lot!

    ReplyDelete
    Replies
    1. Hi Krissy may I know if you were able to get a full refund from Iconville? nkabili din kasi ng lot sa Taguig site nila, same case as yours, 2 years na din ang nkalipas (2015-2017) wla pa din development sa area, same reason nila pinapatag pa ang lupa. Nglot-tripping kame last Saturday lang, nkita ko ng area mejo tumaas nman pero aside dun wlang improvement.

      Delete
    2. Hi , any update wit iconville, nag pa reserve kasi kami , today we are going pay the full payment for reservation. natakot tuloy ako

      Delete
    3. Hello any update po on this? is Iconville really a scam? someone approaches me asking if we want to buy lots in pillila rizal under this company, and am so interested but to my dismay upon reading the conversation here about them... I guess not worth to push through unless otherwise someone can justify that they are legit :)

      Delete
    4. Any update po, please po nghuhulog po kasi kami ng family ko for since 2015 pa. Worried kami baka na-scam na kami tapos po dami pa lumalabas na balita regardin sa ilegal ng pagtatambak sa tabi ng Laguna Lake (https://www.youtube.com/watch?v=ct_N2q-fW54 ). Thanks po.

      Delete
    5. Hi any update sa pillilla iconville? Worried din ako baka naman may mga naturn over na po sa mga nauna. Sa ikakatahimik lang po ng mga may malaking katanungan sa isip. Iconville, pwede po kayo magpaliwanag. Saikatathimik ng lahat. Sino po naka kuha ng property sa iconeville please email me at skisana.toyota@gmail.com

      Delete
    6. Hi po, sooo worried na din po Sa nabili kong lot sa taguig,pwd po pahelp clear po ng issUe..miss krissy and ms.susiebeth and rjay can i reAch out po sa inyo for us to have peace of mind na rin...

      Delete
    7. Nagpahold ako ng lot kanina for 1k for Pililla lot.sabi ng mga agents dun aware sila na may scam pero legit daw ung lots nila

      Delete
    8. *may scam issue na kumakalat pero legit daw sila

      Delete
    9. Any update regarding iconville? Im planning to buy 200 sqm in rizal but why is there a thread like this,anyone can tell me if they are legit. Thanks

      Delete
    10. Around 2014, we were so impulsive and gave a down payment para sa lupa in C6. After namin makipagtransact sa office nila na mukhang bahay, I felt something wrong pati un receipt nila na sa iba naka address. Right after, I checked in http://hlurb.gov.ph/online-inquiry/ and they are not existing so bumalik kami sa office nila the next day to ask for refund. Sa umpisa magmamatigas sila na kesyo wala daw sa kanila un pera. I asked for their license to sell para di ako magrerefund pero wala sila naipakita. They told tell me na wala sila pera na pangrefund but a lot of people were there to pay for down payment, told them na di ako aalis hanggat di nila binabalik un pera ko and I made a scene, argued with a staff na manloloko sila, Dali-dali they processed and I got my full refund. Please be careful mga kabayan, that was 2014 and now meron na naman sila pakulo for Pillilia. This was our personal experience, magcheck muna kayo please bago maglabas ng pera to avoid hassles.

      Delete
    11. meron na po ba nakapag turn over ng title sa mga unang nakakuha?

      Delete
  25. verify your docs with LRA, City assesor's office HLURB and all gov't. agencies for your peace of mind.

    ReplyDelete
  26. ibalik nyo na ung nirerrefund namin pera, ang tagal nyo ibigay. ilan buwan pa ba kami maghihintay, bago nyo ibalik?

    ReplyDelete
    Replies
    1. they already have an application for land development per Pililla Municpal Hall but not yet completed (pre-requisite for License to Sell).. you can also go there for the status..

      Delete
  27. edwina saquitan, hasler ka manloloko binugbog ka ng dati mo maid kase di ka nagbigay ng comisyon at op at swapang ka isa na to sa mga karma mo pati urc niloko mo mga tao don pati kina neo bakla bkit ka ganyan ganid ka sa pera pati na yta iconeville sure na niloloko mo na makakatapat ka rin yon ang hintayin mo

    ingat po kayo kay edwina adriano saquitan ahente na walang license !

    ReplyDelete
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  84. Any update on Iconville? Naghuhulog po ako ng 2 lots at Taguig, worried na nasayang ang hulog at saving ng family ko

    ReplyDelete
  85. Hi nag huhulog po kasi kami sa iconville and until now walang development sa area may i know po if true po na scamer po sila?

    ReplyDelete
    Replies
    1. Saan location niyo? Nakakuha ako sa pillillia

      Delete
  86. Worst experience... maling price, maling map, opisina na parang palengke sa ingay tapos when we seek clarification, admin( reeses daw pangalan) nila is sobrang bastos

    ReplyDelete
  87. i am now at iconville project in pililia rizal and planning to purchase a parcel of land...is this company is really legit in selling lands?

    ReplyDelete
  88. I saw a recent ad about lots being sold at Pililia from Iconville. Did anyone ever file a case? If this is a scam then they are still at it. It won't stop until someone files a case...calling out sa mga bumili during the ptevious years. Please give an update.

    ReplyDelete
    Replies
    1. Any update? Kakakuha lang namin last month and 1st month payment na namin today.. andito ako ngayon sa iconeville antipolo.. kinakabahan ako..

      Delete
  89. hello po any update po sa legalities ng iconeville? we bought 4lots sa pililla area. Paadvise po if legit or hindi medyo nakakatakot na kasi dami lumalabas na scam daw mga binebenta nila. totoo po ba kasi 1year na kmi nag huhlog. sabi nung agent nmin magstart daw next year ang development

    ReplyDelete
  90. hello po any update po sa legalities ng iconeville? we bought 4lots sa pililla area. Paadvise po if legit or hindi medyo nakakatakot na kasi dami lumalabas na scam daw mga binebenta nila. totoo po ba kasi 1year na kmi nag huhlog. sabi nung agent nmin magstart daw next year ang development

    ReplyDelete
  91. Hi All!

    Been to Iconeville site at Pililia, Rizal yesterday (Feb 03, 2019) to check the development and progress of the developer and I am happy to say that they started paving roads. Lahat po tayong nakabili eh nagtiwala sa mga taong kausap natin. And we, prior to payment eh nakipagkita at pumunta naman sa office nila. So have validatd the legality of the company. We have our receipts - we should file them together with the notarized MOA of the parcel of lot we purchased.

    I have my notarized MOA - Official Receipt (OR). We have to understand that the property we acquired is on a pre-selling state. They said that improvements is within 2 years. As agreed if 50% of the total contract price has been paid then we can start and introduced improvements to our lots. You can plant whatever you like or build your rest house... etc... Coordinate lang po natin sa management.

    Sana makatulong sa mga NEGA... if nothing happens after 2 years of development then we can all file SYNDICATED ESTAFA jurisprudence and or LAW SUIT sa management.

    So far sa nakita ko yesterday... I am happy. I don't need to walk through the burol to see my lot. There is a paved road where access to TOP is easy.

    ICONEVILLE CONSTRUCTION AND DEVELOPMENT keep up the pace of work at sana matapos agad ang pavement of roads para makapag pa mohon na.

    Any inquiry and authenticity.
    I am one of the Legitimate buyer.
    0942-0227824

    ReplyDelete
    Replies
    1. Baka po makatulong sa inyo.gustong gusto ko po kumuha sa iconvills pililla pero natatakot po ako kc madami ako nababasa na nega kaya naresearch ako kung pano malalaman kung legit ang project ng isang developer at nalaman ko po na suspended po ang project nila as of feb 2019.pwede nyo po icheck sa http://hlurb.gov.ph/ wp-content/uploads/home/ project%20with%20CDO/ CDOENCR.htm

      Delete
    2. I actually I am planning to buy but i checked it first at HLURB. But unfortunately, khit ni isang projects nila walang license to sell. Even yung mga projects nila s Manila na year 2012 pa wala rin. Kaya umatras nalang ako. Mas maganda ng siguro kesa magsisi bandang huli. You can check it online sa HLURB website. Doon makikita lahat lahat even old projects ng lahat ng mga developers. Khit tapos na project nakalagay parin dun. Sad to say kahit isa sa projects ng iconeville eh wala.

      Delete
    3. Please see : http://hlurb.gov.ph/wp-content/uploads/CDO/CDOENCR.pdf

      Delete
  92. Binebentahan din kami ng lots sa iconville-Pililia,what can you suggest po? Is Iconville legal? My son wanted to purchase 9 lots.Kinakabahan akp na baka mapunta sa wala ang pinaghirapan ng anak ko..

    ReplyDelete
    Replies
    1. Ako rin po gustong gusto ko kc sobrang mura po tlaga pero dhil nga sa nalaman ko kaya natatakot ako mag invest.nakalagay po dun NO DP,NO CR/LS,ADS APPRO kabilang po ang pillila iconville sa CDO (CEASE and DESSIST ORDER) as of Feb 2019
      July 20,2018 pa po sila kabilang hanggang ngayon di ko lang po maattached dito kc comment lang po pwede

      Delete
  93. Ano po ibig sabihin nung "nakalagay po dun NO DP,NO CR/LS,ADS APPRO kabilang po ang pillila iconville sa CDO (CEASE and DESSIST ORDER) as of Feb 2019"? Saan po ba yan maverify na binanggit nyo? Balak ko din po kc bumili dun... Salamat po.

    ReplyDelete
    Replies
    1. Hindi sila mabigyan ng license to sell due to no development progress. dahil nga pre-selling yung mga lots kaya mababa yung price per sqm. Yung Risk nasa buyer yan sabi nga nila pero as per checking in municipality and other government agency. Legit yung Title and Permit to develop yung project. Ngayun kung bakit matagal daw gawin yung project. Syempre Mabagal magprecess yung government pagdating sa mga permit. marami kasing permit na dapat asikasuhin hindi lang License to Sell, Sama mo jan yung DENR, Yung sa Constraction Permit sa Municipality ng lugar. at may Notary to Public pa regarding development of site!. Dapat nyong malaman as a buyer hindi License to Sell lang ang titignan.. Ang importante yung Clean Title.

      Delete
  94. Requirements po yun ng government before kayo mapayagan mag operate.pwede po kayo may inquire sa munisipyo ng pilillia rizal ask nyo po sa HLURB.kpg legal na po sila kukuha din po ako.

    ReplyDelete
  95. Any updates po regarding sa Iconville? Kumuha din po kasi kammi ng lot sa Pililia

    ReplyDelete
  96. Any update po, nakapagpareserve narin po kme, and magpay a kme this month ,2lots in pilillia farm din kinuha namin

    ReplyDelete
  97. Nagsasagawa na po ng Road tracing sa Pililia Iconeville, may mga nakita rin po akong heavy equipment sa last visit.

    ReplyDelete
  98. Nagpareserved kami ng 2 slots sa Pililia this year lang however upon checking with HLURB meron silang CDO (Ceased and Desist Order) and upon checking sa Pililia Municipal wala pa rin silang permit so nag refund kami ng reservation namin. Noong nagpunta kami sa office sinabi nang isang employee nila na by mid-August release na ang license pero tinuloy namin yun refund kasi mahirap na magbakasakali. Upon checking this October 2019, CDO pa rin meron sila. So kayo na magdecide kung kukuha ba kayo.

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
    2. Interested din ako sa Iconville, lifted na ang CDO order nila wala nasa list..

      Delete
  99. Greatday! Thanks sa mga comments' just yesterday nakita q ung posting bout iconville..kako mukang "Too Good To Be True" kya nag deep down research aq. Mejo nakakaduda lang kc talaga' as am reading all the comments mostly since january pa po ata up till today 2019 walang any response, and worst may 2014 pa.Hindi masama na maging mapag matyag. Sayang ung pera na pinag hirapan sa wala. Thanks po sa lahat. Great Help.

    ReplyDelete
  100. wala na sa list ng cdo.. interested ako dito sa iconville wala lang ako makita profile ng company. wala website.

    ReplyDelete
    Replies
    1. anong buwan lifted ang CDO kasi as of November 2019 wala pa rin silang license to sell.

      Delete
    2. Checking March 2019, updating pa ang CDO ng LHURB pero sa LS wala padin sila. Hmmm

      Delete
    3. Nov 2020 wala pa rin license to sell from hlurb. May mga fully paid na ba na na turn over na ang title?

      Delete
    4. Fully paid na ko pero wala prin kahit ano... ��

      Delete
  101. Hello plano ko po bumili sa iconeville. May balita na po ba kung registered na sila at may license to sell? Kamusta po yung mga bumili may naturnover na po ba?

    ReplyDelete
    Replies
    1. Na process na nila yung License to sell nila, may development permit na sila sa HULO as per Municipality of Pililla Rizal, Engineering Office. Kung nag-aalinlangan kayu nasa sainyo yan. magverify muna kayu sa local government para malaman nyo sa sarili yung totoo hindi yung maniniwala kayu sa sabi-sabi ng iba sa comment.. buyer din po ako sa iconeville

      Delete
  102. May update na po ba dito? Balak ko kasi kumuha sa Iconville Pillilia kaso may CDO daw?

    ReplyDelete
  103. hello any updates po about iconeville?

    ReplyDelete
  104. I checked HLURB until now wala po license to sell ang iconeville. Can someone send me email lalo na yun mga nauna nag comment dito if may development na sa mga lupa nyo.

    How can they develop the land if they don't have license to sell?

    ReplyDelete
    Replies
    1. the company's reason is preselling daw and ganun naman daw ang ginagawa nang ibang company. Per HLURB, risk na daw yun nang buyer kapag bumili sila ng walang license to sell ang company. Advise ko lang, try niyo mag investigate and magtawag muna sa mga concerned offices kung ano na ang update sa legibility ng company. Kasi ako nag investigate ako last year wala pa sila required licensed.

      Delete
    2. Any update po? Or nagrefund npo b kayo . Nkakatakot and sayang sa pera :(

      Delete
    3. last year nagrefund ako. sana yun mga naunang nag invest sa kanila mag update din nang status nila

      Delete
    4. Gaano po katagal bago nio nakuha ung refund po

      Delete
    5. Gaano po katagal bago nio nakuha ung refund po

      Delete
    6. Nag refund din ako last month, hindi naman ako nahirapan. They gave it to me in less than one hour. Halata na takot silang malaman nung mga taong nakapila para magbayad na may nagrereklamo, lumabas pa sila ng office to discuss bago ako binalikan na payag sila sa refund.

      Delete
    7. Hello.. anong reason m nung nag refund ka? Nakuha mo ba ng buo ung pera mo?

      Punta na agad kami bukas to refund. Sayang ung time ng paghulog sad life

      Delete
    8. Ano pong requirements sa refund?

      Delete
  105. Hello i acquired a lot also in c6 sta ana under iconville. Last 2013 pa yata yun.. natapos ko na hulugan ung lupa.. pero until now no development. Yun din amg sabi saakin.. pinapatag pa daw..
    5yrs lang nakalagay sa MOA ko.. pero sabi saakin last visit namin sa office nila is 10yrs pa daw bago pwedeng magtayo ng bahay.

    Sa mga nag refund, nakuha nyo ba ng buo ang pera nyo??

    ReplyDelete
    Replies
    1. hindi po buo sa amin. kasi meron daw taxes na binayaran sa BIR tsaka mga marketing expenses na sila to think na within a month lang kami nagrefund na kagad kami.

      Delete
    2. Hello,tumawag po ako sa iconville to have my refund pero sabi nila 70% lang ng payment ang makukuha ko.. and makukuha ko daw yon sa loob pa ng 3-6 months. Anyone po na naka expirience ng refund.

      Delete
  106. Iconeville is legit developer base on my investigation, DTI, COR, etc. regarding License to sell, Yes po on-process yung LS nila, the reason why wala pa sila LS kasi need nilang magstart ng development sa project site. But they need approval or Permit from Municipality of Pililla Rizal. As per checking in Municipality of Pililla 2020 lang sila na approved. Meaning to say dahil sa Pandemic Issue, limited yung process ng development mismo nakausap ko yung isa sa mga may-ari ng Iconeville na syang nagdedevelop ng project sa HULO. Family Business pla nila magkakapatid yung Construction. Yung issue ng scam yes meron daw. Gawa ng Agent hindi nagremit ng hulog ng buyer. If may transaction kayu dapat naka PAY TO ICONEVILLE at post dated checked always not Cash.

    ReplyDelete
    Replies
    1. Ung magbenta sila ng wala naman pala license to sell or di pa approved, malinaw na panloloko yun. Last year lang yang pandemic na lagi nilang dinadahilan pero ung issue about sa license nila napakatagal na..
      Ang dami nilang dahilan, kung talagang legit sila dapat matagal na nila yan sinettle, may concern dapat sila sa mga buyers nila lalo na yung mga nakatapos na ng hulog, hindi yung basta basta ka lang sasabihan ng "after 10years ulit" bago makapag tayo ng bahay. Very selfish, very unprofessional.

      Delete
  107. Hi! Sa mga may information, may update po ba re sa project ng Iconeville sa Sitio Bugarin, Halayhayin, Pilillia, Rizal? 5 months na rin kase ang hulog ko. Medyo kinabahan dahil sa thread na ito. Thank you in advance sa makakasagot.

    ReplyDelete