Realtors tighten anti-colorum drive
The days of people brokering and selling real estate without a license are maybe over.
The Philippine Association of Realtors Boards (PAREB), Inc., the country’s oldest and largest realty service group, is strengthening its national campaign against colorum realty practitioners.
During the 12th Visayas-Mindano Regional Conference held at the Betel House in Dumaguete City last month, PAREB re-affirmed its trust to go after persons engage in real estate brokering without even passing the real estate brokerage exam or acting as realty brokers and salesmen without a license from the Department of Trade and Industry (DTI) through the Housing and Land Use Regulatory Board (HLURB).
The drive is spearheaded by PAREB national president, Daisy J. Kokseng, and chairman of the board, Pilar Torres-Banaag.
In the different PAREB boards or chapters around the country, cases have been filed against violators which resulted to conviction and subsequent imposition of the penalties.
Presidential Decree No. 957, which complements R.A. No. 2728, 3715 and 3969, penalizes any person who engages in real estate transactions without securing the proper license.
The DTI through Administrative Order No. 6 has recently increased the files on unlicensed dealer, broker and salesman. The minimum penalty pegged at P40,000, medium at P80,000 and maximum at P120,000.
In addition to paying the fine, anybody caught selling or leasing real estate without the proper license may, upon convection, be punished by imprisonment of not more than ten (10) years, according to PD No. 957.
A person can only secure a license as a real estate broker if he has passed a rigid real estate brokerage licensure examinations conducted twice a year by the DTI.
Meanwhile, a person may also get a license as a real estate agent or salesman if he works directly under the supervision of a licensed real estate broker.
posted by dtibohol @ 2:22 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home