22/01/2024
The beginning of Real Estate Brokerage by Sir Roberto Capili, REB, CPA. (July 20, 2014)
Mr. Collin M. Hoskins
- He started acquiring pieces of land and other real properties for his own purpose, and eventually expanded to mediating the acquisition of properties by his business partners, associates and other merchants. (early 1920's)
- Founded the Manila Board of Realtors (November 7, 1938)
- Commerce Administrative Order No. 3-6 (July 29, 1939) - This Code served as the guiding rules and regulations in the formal practice of real estate brokerage in the Philippines.
- Commerce Administrative Code No. 60-1 (April 28, 1960) - Bureau of Domestic Trade: Requirement on examination for licensing as a Real Estate Broker was imposed for the first time.
- ACT NO. 2728 - Applicable Law on Real Estate Brokerage
Amended by ACT NOS. 3715 and 3969 and Executive Order No. 913
- MINISTRY ORDER (M.O.) NO. 39, Series of 1985 - expanded the scope of the coverage of real estate practice that included not only the real estate brokers, but also real estate appraisers and real estate consultants. Ministry of Trade and Industry (now DTI)
- Republic Act No. 9646: The Real Estate Service Act or RESA (Approved on June 29, 2009, Took effect on July 30, 2009)
Authored by one of PAREB's Past National President, former Congressman Rodolfo G. Valencia twenty-six (26) years ago
Thank you for the Article Sir Roberto Capili, REB, CPA!
HOW did real estate brokerage start in the Philippines? Tracing the roots of the practice will give us an idea of how it came into existence. In earlier times,