THE REAL ESTATE SERVICE ACT of the PHILIPPINES

PRB-RES ISSUES CONSULTATIVE DRAFT OF IRR




CONSULTATIVE DRAFT OF IMPLEMENTING RULES AND REGULATIONS OF THE REAL ESTATE SERVICE ACT issued by the Professional Regulatory Board of Real Estate Service [ PRB-RES ]


The Professional Regulatory Board of Real Estate Service, PRB-RES, has issued a consultative draft of the Implementing Rules and Regulations of the Real Estate Service Act [ RESA, RA 9646 ] which is intended to be the basis for discussions during the public hearings and consultations with various stakeholders.

So far, the PRB-RES has conducted public hearings in Cagayan de Oro and Cebu and is scheduled to have another public hearing in the NCR Area, which has been set on June 8, 2010, although details will still have to be announced.

The PRB-RES is working hard on the finalization of the implementing rules and regulations and hopes to finish the same and have the IRR published and effective by July 2010. 

May 31, 2010

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