Steps in HLURB Real Estate Broker, Sales Person/Agent Accreditation

Lately, I posted in this blog about the recent developments in the real estate industry. Early this year the Housing and Land Use Regulatory Board (HLURB) released two sets of revised implementing rules and regulations (IRRs) for Presidential Decree No. 957—otherwise known as the “Subdivision and Condominium Buyers’ Protective Decree—to safeguard prospective buyers of real estate properties from possible fraud and other malpractices in the industry.

Board Resolution No. 922 or the “2014 Revised IRR on Dealers, Brokers and Salesmen” states that all brokers and salespersons must be registered and licensed or accredited by the Professional Regulatory Board of Real Estate Service before they can engage in the practice of real estate services.

Also under the revised IRR, even business firms must register first with the HLURB before they can engage in the practice of real estate service.

Here are the steps in order for brokers and salespersons to be registered and licensed or accredited by the Professional Regulatory Board of Real Estate Service before they can engage in the practice of real estate services. The steps in graphical presentation;