Bill Type
Congress Name
Long Title
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 THEREFOR AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00070 | |
| FULL TITLE : 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 THEREFOR AND FOR OTHER PURPOSES | |
| SHORT TITLE : Real Estate Service Act of the Philippines | |
| ABSTRACT : "Real Estate Service Act of the Philippines". The real estate industry plays a vital role in the economic development of the country. A real estate transaction has a multiplier effect on the country's economy. The bill elevates the real estate service practice. i.e., real estate brokerage, appraisal and consultancy, to the category of a profession, thereby placing realty service practitioners under the jurisdiction of the Professional Regulatory Commission. It also provides for the integration of all realty service practitioners under one national organization. | |
| PRINCIPAL AUTHOR/S : DEL MAR, RAUL V. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Chatto (005 ) | 2. Roquero (006 ) |
| 3. Jaraula (015 ) | 4. Mangudadatu (001 ) |
| 5. Soon-ruiz (057 ) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Approved by the Committee on 2005-01-19 | |
| 2. Approved by the Committee on 2006-05-30 | |
| MOTHER BILL: HB04847 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON CIVIL SERVICE AND PROFESSIONAL REGULATION ON 2004-07-27 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON APPROPRIATIONS |
Abstract
"Real Estate Service Act of the Philippines". The real estate industry plays a vital role in the economic development of the country. A real estate transaction has a multiplier effect on the country's economy. The bill elevates the real estate service practice. i.e., real estate brokerage, appraisal and consultancy, to the category of a profession, thereby placing realty service practitioners under the jurisdiction of the Professional Regulatory Commission. It also provides for the integration of all realty service practitioners under one national organization.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.