REAL ESTATE HISTORY

100%

REAL ESTATE HISTORY

Called for professionalization of real estate service in nineteen twenty.

A former American serviceman who pursued business in real estate services and founded the Manila Realty Boards on November seven, nineteen thirty-eight.

Commerce Administrative Order Number three dash six.

July twenty-nine, nineteen thirty-nine.

Served as the code in the formal practice of real estate brokerage in the Philippines.

Hoskins was instrumental in the drafting of rules and regulations on brokerage.

Section three E of Act Number two seven two eight.

Modified by the Philippine Legislature in nineteen fifty-two, to include the real estate brokers to be licensed and regulated by the Bureau of Commerce.

Commerce Administrative Order Number sixty dash one.

April twenty-eight, nineteen sixty.

Examination for Real Estate Broker profession was first introduced by the Bureau of Domestic Trade, as embodied the new provisions of the revised regulations.

Manila Realty Board.

Was admitted as a member of the Real Estate Board of America, and was authorized to license members to use the term REALTOR, a service marked owned by NAREB and registered in the United States Patent Office as Document Number five one nine seven eight zero and five one five two zero zero, and in the Philippines as Document Number five three eight five.

DAO Number one dash seventy-five, Series of nineteen seventy-five - update the rules and regulations.

Ministry Order Number thirty-nine, series of nineteen eighty-five.

Rules and Regulations of Governing the Licensing and Supervision of Real Estate Salesmen, Brokers, Appraisers and Consultants Administrative Order implemented by the Ministry of Trade and Industry.

Expanded Real Estate Brokerage Practice to include the practice of real estate appraisal and real estate consultancy.

Amended by Act Numbers three seventy-one, three nine six nine, and Executive Order Number nine hundred thirteen.

Initiated the bill in nineteen eighty-eight to professionalizing the Real Estate Practice.

DTI Department Administrative Order Number ninety-seven.

Created in nineteen ninety-two the Realty Service Council of the Philippines, which was mandated as the consultative body of DTI.

LAND ADMINISTRATION AND MANAGEMENT PROJECT (LAMP)

The Philippine government has committed to pursue economic growth by improving among others, procedures for valuing real property.

LAND ADMINISTRATION AND MANAGEMENT PROJECT TWO (LAMP TWO)

REPUBLIC ACT nine six four six

The Philippine Valuation Standard (First Edition).

Philippine Valuation Standard (Second Edition, twenty eighteen).

REAL ESTATE PROFESSIONS

PROPERTY-RELATED FUNCTIONS

Two. Management and Maintenance.

Three. Demolition.

Four. Investment Ownership.

Five. Regulation.

Six. Transfer.

REAL ESTATE FUNCTIONS

Four. Leasing - identifying prospective tenants who require space for their store or business.

It analyzes the asset in the context of the current property market and identifies interested investors.

Seven. Portfolio Management - Forming a portfolio that matches the requirement of an investor.

One. REAL ESTATE CONSULTANT

Two. REAL ESTATE APPRAISER

Three. REAL ESTATE ASSESSOR

- GOVERNMENT ASSESSOR / APPRAISER

GOCC / GFI

Four. REAL ESTATE BROKER

TYPES OF REAL ESTATE COMPANIES

Service Companies

Construction Companies

CODE OF ETHICS AND RESPONSIBILITIES FOR REAL ESTATE SERVICE PRACTITIONER

PREAMBLE

ARTICLE ONE: SCOPE AND COVERAGE

ARTICLE TWO: GENERAL PROVISIONS AND DECLARATION OF PRINCIPLES

ARTICLE THREE: PROFESSIONAL RULES OF ETHICS AND RESPONSIBILITIES

ARTICLE FOUR: SPECIFIC DUTIES AND RESPONSIBILITIES

ARTICLE five: FINAL PROVISION

REPUBLIC ACT NO. nine six four six REAL ESTATE SERVICE ACT OF THE PHILIPPINES (RESA LAW)

ARTICLE one: TITLE, DECLARATION OF POLICY AND DEFINITION TERMS

SECTION two: DECLARATION OF POLICY

SECTION three: DEFINITION OF TERMS

ARTICLE two: PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE

SECTION five: POWERS AND FUNCTIONS OF THE BOARD

SECTION Seven: TERM OF OFFICE

SECTION Eight: COMPENSATION AND ALLOWANCES OF THE CHAIRPERSON AND MEMBERS OF THE BOARD

SECTION Nine: REMOVAL OF THE CHAIRPERSON AND MEMBERS OF THE BOARD

SECTION Ten: SUPERVISION OF THE BOARD, CUSTODIAN OF ITS RECORDS, SECRETARIAT AND SUPPORT SERVICES

SECTION Eleven: ANNUAL REPORT

ARTICLE THREE: LICENSURE EXAMINATION AND REGISTRATION

SECTION Thirteen: SCOPE OF EXAMINATION

SECTION Fourteen: QUALIFICATIONS OF APPLICANTS FOR EXAMINATIONS

SECTION Fifteen: RATINGS IN THE EXAMINATIONS

SECTION Sixteen: RELEASE OF THE RESULTS OF THE EXAMINATIONS

SECTION Seventeen: ISSUANCE OF THE CERTIFICATE OF REGISTRATION AND PROFESSIONAL ID CARD

SECTION Eighteen: REFUSAL TO REGISTER

SECTION Twenty-three: ISSUANCE OF SPECIAL TEMPORY PERMIT

SECTION Twenty-four: FOREIGN RECIPROCITY No foreign real estate service practitioner shall:

ARTICLE FOUR: PRACTICE OF REAL ESTATE SERVICE SECTION TWENTY-FIVE: OATH

SECTION TWENTY-SIX: PROFESSIONAL INDEMNITY INSURANCE/CASH OR SURETY BOND

SECTION TWENTY-SEVEN: ACTS CONSTITUTING THE PRACTICE OF REAL ESTATE SERVICE

SECTION TWENTY-EIGHT: EXEMPTIONS FROM THE ACTS CONSTITUTING THE PRACTICE OF REAL ESTATE SERVICE

SECTION TWENTY-NINE: PROHIBITION AGAINST THE UNAUTHORIZED PRACTICE OF REAL ESTATE SERVICE

SECTION THIRTY-ONE: SUPERVISION OF REAL ESTATE SALESPERSONS.

SECTION THIRTY-TWO: CORPORATE PRACTICE OF THE REAL ESTATE SERVICE

SECTION THIRTY-THREE: DISPLAY OF LICENSE IN THE PLACE OF BUSINESS.

SECTION THIRTY-FOUR: ACCREDITATION AND INTEGRATION OF REAL ESTATE SERVICE ASSOCIATIONS

SECTION THIRTY-FIVE: CODE OF ETHICS AND RESPONSIBILITIES OF REAL ESTATE SERVICE PRACTITIONERS.

SECTION THIRTY-SIX: CONTINUING PROFESSIONAL EDUCATION PROGRAM

ARTICLE FIVE: PENAL AND FINAL PROVISIONS SECTION THIRTY-NINE: PENAL PROVISIONS

FUNDAMENTALS OF PROPERTY OWNERSHIP

LEGAL CONCEPTS OF THE LANDS

PHYSICAL CHARACTERISTICS OF LAND

REAL ESTATE

REAL ESTATE UNIQUE CHARACTERISTICS

PROPERTY

CLASSIFICATIONS OF PROPERTY

REAL PROPERTY

IMMOVABLE PROPERTY

PERSONAL PROPERTY

BUNDLE OF RIGHTS

Seven RIGHTS OF AN OWNER UNDER ROMAN LAW

OWNERSHIP UNDER CIVIL CODE (CHAPTER ONE, TITLE TWO, CIVIL CODE)

PHYSICAL RIGHTS OF OWNERSHIP OF LAND

· WATER RIGHTS: Owners who have property that borders a body of water have riparian rights or littoral rights:

○ LITTORAL RIGHTS: similar to riparian rights except that they extend only to the mean high-water mark.

· FEE SIMPLE

· Interest less than fee simple interest

SURFACE / SUBSURFACE

PROPERTY OWNERSHIP FORMS

CHARACTERISTICS OF UNDIVIDED INTEREST / TENANCY IN COMMON

LIMITATIONS ON OWNERSHIP

Two. IMPOSED BY LAW

Three. IMPOSED BY THE OWNER HIMSELF

Four. IMPOSED BY THE TRANSFEROR OF THE PROPERTY

LAND TENURE

INTERSECTING INTEREST

LAND TENURE CATEGORIES

PROPERTY RIGHTS-SIMPLIFIED

LAND ADMINISTRATION

LAND REGISTRATION AUTHORITY

MODES OF ACQUIRING OWNERSHIP

THE PUBLIC LAND ACT

MISCELLANEOUS SALES PATENT

PRESIDENTIAL DECREE NUMBER eight hundred ninety-two

PROPERTY REGISTRATION DECREE

REPUBLIC ACT NUMBER one hundred fifteen seventy-three

URBAN LAND REFORM ACT

PROCLAIMING URBAN LAND REFORM IN THE PHILIPPINES AND PROVIDING FOR THE IMPLEMENTING MACHINERY THEREOF

ARTICLE FOURTEEN OF THE SEVENTY-TWO CONSTITUTION

BATAS PAMBANSA BLG. One hundred eighty-five

ARTICLE TWELVE OF THE EIGHTY-SEVEN CONSTITUTION

CITIZENSHIP RETENTION AND RE-ACQUISITION ACT OF TWO THOUSAND THREE

AN ACT MAKING THE CITIZENSHIP OF

WHO ARE NATURAL BORN FILIPINOS?

FOREIGN INVESTMENTS ACT OF NINE THOUSAND NINETY-ONE

ARTICLE THIRTEEN OF THE EIGHTY-SEVEN CONSTITUTION

REPUBLIC ACT NUMBER ONE SIXTEEN FORTY-SEVEN

ARTICLE THIRTEEN OF EIGHTY-SEVEN CONSTITUTION

URBAN DEVELOPMENT AND HOUSING ACT OF nineteen ninety-two

AN ACT AUTHORIZING THE ISSUANCE OF FREE PATENTS TO RESIDENTIAL LANDS

AGRICULTURAL FREE PATENT REFORM ACT

CONDOMINIUM CONCEPTS

CONDOMINIUM

CONDOMINIUM OWNERSHIP

CONDOMINIUM COMMON ELEMENTS INCLUDE

FORMATION OF A CONDOMINIUM

MASTER DEED OR DECLARATION

DECLARATION PROVISIONS

ASSOCIATION OF UNIT OWNERS

BYLAWS

UNIT DEEDS

Overview

The document outlines the historical framework of real estate services in the Philippines, detailing important legislative milestones, professionalization efforts, and the establishment of regulatory bodies and standards. It serves as a historical reference for understanding the current landscape of real estate practice in the country.

Key Points

1Collin M. Hoskins was instrumental in the professionalization of real estate services in the Philippines
2Key legislative acts have shaped the practice and regulation of real estate since 1920
3The creation of the Professional Regulatory Board is a significant development in real estate oversight
4The document includes detailed descriptions of roles and responsibilities in the real estate sector
5Ethical standards for real estate practitioners are emphasized to ensure integrity and professionalism

Details

Category: Business and Finance

PDF
Lessons from a Challenging Client Situation: Managing Expectations and Delivering Results
This document recounts a challenging client relationship that involved managing unrealistic expectations about website performance and customer acquisition. It discusses the steps taken to address the issue, repair the relationship, and establish clearer boundaries and expectations for future client engagements.
PDF
Why are bank employees striking despite the PLI pause?
The government recently announced that it was putting on hold the performance-linked incentive (PLI) system it had planned for public sector bank employees. However, the employees still went ahead with their strike
PDF
Marketing in Hospitality and Tourism: Creating Value through Experiences
This document explores the principles of marketing specifically within the hospitality and tourism sectors, focusing on how to create, communicate, and deliver value to customers. It discusses core marketing concepts, consumer behavior, and the specific marketing mix elements that are particularly relevant in these industries.
PDF
Marketing in Tourism and Hospitality
This document offers a comprehensive overview of marketing principles, focusing on how they apply specifically to the tourism and hospitality industries. It covers core concepts such as the marketing mix, consumer behavior, and the unique features of marketing in these sectors.
PDF
Master in Innovation and Business
This document presents a capstone project aimed at addressing the systemic challenges facing smallholder coffee farmers in the Philippines. By analyzing behavioral and system design barriers, it proposes a framework to enhance productivity and quality in the coffee industry.