THE REAL ESTATE SERVICE ACT of the PHILIPPINES

PRB-RES to Finalize IRR of RESA



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, after the NCR-Luzon public hearing held last June 9, 2010 where various stakeholders in the real estate service industry were invited has requested all  those who have comments on the proposed provisions of the Implementing Rules and Regulations of the Real Estate Service Act [ RESA, RA 9646 ] to submit their comments within three (3) days as the PRB-RES hopes to finalize and hopefully be published and become effective July 2010.
So far, the PRB-RES has conducted public hearings in Cagayan de Oro and Cebu and the last having been held for NCR-Luzon last June 9, 2010.

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. 

June 11, 2010

_________________________________________________________________