RA 9646 is a significant law governing the practice of real estate service professionals in the Philippines. It establishes the Professional Regulatory Board of Real Estate Service (PRBRES) and sets the standards and qualifications for real estate practitioners. Compliance with this law is mandatory for all professionals in the field.

To become a licensed real estate broker, you must meet specific requirements, including being a Filipino citizen, completing a BS Real Eestate Management college degree, and passing the licensure examination administered by the PRC.

Real estate salespersons must operate under the direct supervision and accountability of a licensed real estate broker, as mandated by RA 9646. The ratio is typically one licensed real estate broker for every 20 accredited salespersons for a corporation.

The Code of Ethics outlines the ethical standards and conduct expected from real estate professionals. It helps maintain professionalism, integrity, and transparency within the industry, fostering trust among clients and stakeholders.

PRBRES is the governing body supervised by the Professional Regulation Commission (PRC) responsible for overseeing real estate service professionals. It ensures that real estate practitioners comply with the law, particularly Republic Act No. 9646 (Real Estate Service Act of the Philippines).

DHSUD is the government agency where practicing real estate brokers and accredited salespersons must register if they intend to engage in project selling, ensuring compliance with regulatory standards.

PD 957, also known as the Subdivision and Condominium Buyer's Protective Decree, is a law aimed at protecting buyers of subdivision lots or condominium units. T

he relevant IRRs include:

• Board Resolution 921: Implementing Rules and Regulations on Advertisements and Dealers, Brokers, and Salesmen.

• Board Resolution 922: Implementing Rules and Regulations on Registration of Brokers, Dealers, and Salespersons.
  
  Here are additional details for your reference:

• Board Resolution No. 921: Implementing Rules and Regulations on Advertisements and Dealers, Brokers, and Salesmen

• This resolution outlines key provisions related to project advertisements:

• Ensures that project announcements accurately represent facts without misleading the public.

• Allows advertising only after the project receives a license to sell and HLURB approval.

• Specifies that representations in advertisements form part of sales warranties enforceable against the owner or developer.

• Board Resolution No. 922: Implementing Rules and Regulations on Registration of Brokers, Dealers, and Salespersons

• This resolution outlines essential registration requirements:

• All brokers and salespersons must be registered and licensed or accredited by the Professional Regulatory Board of Real Estate Service before engaging in real estate services.

• Business firms must also register with HLURB before providing real estate services.

• Applicants must file bonds or securities as specified.

• Penalties apply for unregistered or expired permits.

The PRC website provides an updated list of valid PRC licenses. The DHSUD website contains a list of registered brokers and salespersons authorized for project selling.

Non-compliance with real estate laws and regulations can result in fines, suspension, or revocation of licenses. Violations may also lead to legal actions and damage to one's professional reputation.

If you encounter unethical behavior or regulatory violations within the real estate industry, you can report them to the Professional Regulatory Board of Real Estate Service (PRBRES) or the Department of Human Settlements and Urban Development (DHSUD) for appropriate action.