Bill Type
Congress Name
Long Title
AN ACT REGULATING THE PRACTICE OF REAL ESTATE SERVICE IN THE PHILIPPINES, CREATING A REAL ESTATE COMMISSION AND APPROPRIATING FUNDS THEREFOR
Date filed
August 10, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 2301, 12th Congress of the Republic |
| FULL TITLE : AN ACT REGULATING THE PRACTICE OF REAL ESTATE SERVICE IN THE PHILIPPINES, CREATING A REAL ESTATE COMMISSION AND APPROPRIATING FUNDS THEREFOR |
| ABSTRACT : This bill seeks to do away with the duplication of jurisdictional responsibility in the direction and management of activities of real estate brokers and allied professionals who must strictly adhere to a National Code of Ethics the Commission willadopt; and most importantly, will ferret out the unauthorized practitioners who control practically 75% of the real estate transactions in the Philippines which consequently had jeopardized the stability of this industry as it had victimized real estate buyers. |
| PRINCIPAL AUTHOR/S : ZIALCITA, EDUARDO C. |
| DATE FILED : 2001-08-10 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: House Bill No. 5340, 12th Congress of the Republic |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON CIVIL SERVICE AND PROFESSIONAL REGULATION ON 2001-08-20 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON APPROPRIATIONS |
Abstract
This bill seeks to do away with the duplication of jurisdictional responsibility in the direction and management of activities of real estate brokers and allied professionals who must strictly adhere to a National Code of Ethics the Commission willadopt; and most importantly, will ferret out the unauthorized practitioners who control practically 75% of the real estate transactions in the Philippines which consequently had jeopardized the stability of this industry as it had victimized real estate buyers.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.