Brokers and salespersons declining-A A +A
Thursday, May 8, 2014
THE Housing and Land Use Regulatory Board (HLURB) recently reported that the number of registered brokers and salesmen in the country is declining.
From 5,336 registered brokers and salesmen in 2007, the figure has significantly declined, with only 975 HLURB-registered brokers/salesmen nationwide in 2011. The number has increased by around two percent in 2012 with 995 registrants that year.
This was according to HLURB Commissioner and Chief Executive Officer Antonio M. Bernardo, who reasoned out that the decline in figures is due to the “conflicting” provisions in Republic Act 9646 and Presidential Decree 957.
Bernardo said RA 9646 or the Real Estate Service Act of the Philippines, which was implemented in 2010, mandates brokers and salesmen to be registered and licensed under the Professional Regulatory Commission (PRC).
The Professional Regulatory Board of Real Estate Service, which is under PRC, is mandated by law to conduct the licensure examinations for the practice of the real estate service profession and to issue professional identification cards to real estate practitioners, among its many other functions.
Meanwhile, PD 957, an order regulating the sale of subdivision lots and condominiums and providing penalties for violations, has “empowered” HLURB “to register real estate brokers and salesmen dealing in condominium, farm lots, memorial parks and subdivision projects.”
Real estate brokers or salesmen cannot engage in the business of selling subdivision lots or condominium units unless they are registered with the HLURB.
With the decline in number, Bernardo encouraged brokers and salespersons to be registered with the HLURB. He said that their registration will enable HLURB to monitor those who have been selling projects. Brokers caught selling projects without a license to sell will be subject to penalties, added Bernardo.
The commissioner also clarified that HLURB will not give them examinations upon registration.
“We (in HLURB) are not testing your (brokers and salesmen) competence and integrity…if you are PRC-licensed you have already proven your competence and integrity,” said Bernardo.
Dr. Tom Z. Academia, president of Philippine Association of Real Estate Boards Inc. in 2012, who also served as the president of Cebu Real Estate Brokers Inc. in 2006, agrees with HLURB that brokers should be registered with the board.
“It’s always good to follow what is required. I can say that most of the members of Cereb are registered with HLURB,” Academia said, adding that those who lament the insignificance of being HLURB-registered should register.
To register with HLURB, one needs to submit an application form, a PRC license and an NBI clearance. Salesmen, on the other hand, are required to submit a letter of endorsement from a licensed broker and other necessary documents.
The HLURB registration will expire on the December 31 of each year and the renewal of registration for the succeeding year starts on the first working day of January until the 31st day of each year. All applications beyond the period will be subject to corresponding penalties.
Published in the Sun.Star Cebu newspaper on May 09, 2014.