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How do you check if you are dealing with a Licensed Real Estate Broker in the Philippines?


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Are you dealing with a Licensed Real Estate Broker?

 

Is there an easy way to check if you are dealing with a duly licensed real estate broker in the Philippines?

Will you just give your trust and access to your hard-earned money to anyone? How can you be sure that you are not dealing with a scammer, posing as a real estate broker, going for a quick fleecing?

Luckily, there is a website where we can easily see if a person is, in fact, a licensed real estate broker or not.

Read More: http://bahaylupa.co/2016/05/20/dealing-licensed-real-estate-broker/

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Thanks, Ards.

 

(I have moved this to the appropriate section)

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I was wondering if you could offer a story or two about what happened when someone failed to use a broker?

 

I have heard of cases in the US where people thought they were dealing directly with the Landlord,

and it turned out that an old tenant who still had the key posed as the LL, signed a lease (with a false name),

and took the security deposit.

 

When the person came later to check the flat, they found the locks had been changed.

 

I suppose that could happen anywhere... including the Philippines.

 

But it is much less likely if you have an agent, who would have done more careful checking into the Title, etc

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I was wondering if you could offer a story or two about what happened when someone failed to use a broker?

 

I have heard of cases in the US where people thought they were dealing directly with the Landlord,

and it turned out that an old tenant who still had the key posed as the LL, signed a lease (with a false name),

and took the security deposit.

 

When the person came later to check the flat, they found the locks had been changed.

 

I suppose that could happen anywhere... including the Philippines.

 

But it is much less likely if you have an agent, who would have done more careful checking into the Title, etc

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  • 10 months later...

New requirements for becoming a licensed Philippine real estate broker

 

by Jillian Cariola

April 11, 2017

With the RESA Law in place, getting a license as a real estate practitioner requires more than just experience and any relevant four-year degree.

shutterstock_-_Philippine_real_estate_br

 

In the past, selling houses and condos was simple, as there was no regulatory board specific to real estate in place to govern the profession. The taking of licensure examinations that time was only required when one wanted to establish a brokerage firm. Otherwise, anyone who wanted to sell real estate can do so without a license, and at their own time at that.

But with the growth of the country’s property sector came an increase in the number of individuals wanting to take advantage of the profitable business, and therefore the need to professionalize these practitioners, ensure that they carry out their jobs ethically and to make them into taxpaying citizens. Enter Republic Act 9646, also known as the Real Estate Services Act (RESA).

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> more: http://www.myproperty.ph/blog/feature-stories/new-requirements-licensed-philippine-real-estate-broker

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