THE REAL ESTATE SERVICE ACT of the PHILIPPINES

RECOGNITION OF FRESA AS AN INTERIM APO


Republic of the Philippines

Professional Regulation Commission

Manila


RESOLUTION NO. 2009-538

Series of 2009


RECOGNITION OF THE FEDERATION OF REAL ESTATE SERVICE ASSOCIATIONS (FRESA) AS AN INTERIM ACCREDITED PROFESSIONAL ORGANIZATION OF REAL ESTATE SERVICE PRACTITIONERS (APORESPs)


WHEREAS, on June 29, 2009, President Gloria Macapagal-Arroyo approved and singed into law Republic Act No. 9646 entitled as “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 therefore and for other Purposes”, known as “The Real Estate Service Act of the Philippines”;


WHEREAS, Section 4, Article II of R.A. No. 9646 states, to wit:


“ Section 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 integration professional organization of real estate service practitioners: Provided, That two (2) of the members of the Board shall represent the government assessors and appraisers”.


WHEREAS, pending accreditation of an integrated professional organization of real estate service practitioners (RESP’s) by the Board subject to approval by the Commission pursuant to Sec. 34, Art. IV of R.A. 9646, there is a need to recognize an interim APO for the RESP’s that shall submit the list of nominees for the first composition of the Board to the Commission from whom the latter shall officially forward the ranked recommendees through issuance of a Resolution to the President for her appointment of the said composition;


WHEREAS, on October 21, 2009, the different organizations of RESPs held a meeting presided by the Commission Chairman to choose the Federation of Real Estate Service Associations (FRESA) who shall apply for accreditation as the interim APO for the RESPs by the Commission; and


WHEREAS, it was agreed that should FRESA be accredited as the interim APO, this Commission shall automatically disaccredit it after the accredited and integrated professional organization (APO) of RESPs shall have been constituted in accordance with Sec. 34, Art. IV of R.A. No. 9646;


NOW, THEREFORE, the Commission RESOLVES, as it hereby RESOLVED, to recognize the FEDERATION OF REAL ESTATE SERVICE ASSOCIATIONS (FRESA) as INTERIM Accredited Professional Organization of Real Estate Service Practitioners; and accordingly, to issue thereto a Certificate of Accreditation upon payment of the prescribed fees therefor;


FUTHER, RESOLVED, that FRESA, after its accreditation, shall submit the list of five (5) ranked nominees per position to the Commission from whom three (3) thereof shall be chosen and recommended by the latter to the President for her appointment in the light of Sections 4, 6 and 7, Art. II of R.A. No. 9646 pursuant to Sec. 42, Art. V. Thereof and in performing other tasks prior to the constitution of the accredited and integrated professional organization of RESPs;


FURTHERMORE, RESOLVED, this Resolution shall take effect after fifteen (15) days following the full and complete publication thereof in the Official Gazette or any newspaper of general circulation in the Philippines.


Let a copy of this Resolution be furnished FRESA for its information, guidance and dissemination to RESP’s Associations thereunder.


Done in the City of Manila, this 23rd day of November, 2009.


(Sgd. ) NICOLAS P. LAPENA, JR.

Chairman

(Sgd. )RUTH RANA-PADILLA

Commissioner


(Sgd.) NILO L. ROSAS

Commissioner


Published : Manila Standard Today

(MST)Nov. 27, 2009

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