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Real estate brokers who engage in selling condominium and subdivision do not
just need to have a license from the Professional Regulatory Commission (PRC). Under
Presidential Decree 957 (PD 957) or the Subdivision and Condominium Buyers
Protective Decree, they must also register with the Housing and Land Use Regulatory
Board (HLURB).
Last week, I went to the HLURB to process my registration. Since I know several
broker friends who might be interested in registering themselves with the HLURB, I am
sharing the step by step guide below.
Step 1. Let's go through the requirements first. Be sure to prepare the following
before going to the HLURB, which is located along Kalayaan Avenue near the Quezon
City Hall:
1.
2.
3.
4.
photocopy your official receipts and submit it together with the other documentary
requirements.
Your registration will now be processed, but it will take another three months
before you can get your ID, which proves your registration as a broker with the HLURB.
You may call 920-3500 to follow up the status of your ID.
It is best for people, who would like to buy a condominium or subdivision, to deal
only with brokers who are registered with the HLURB. Their registration assures the
public that they are licensed brokers who are accountable to the HLURB for any
violations of the law that specifically protects buyers of condominium or subdivision.
Your Real Estate Buddies,
Ras and Vann
P.S.
We recently put up a real estate brokerage firm called Real Estate Buddy, which
offers a wide range of services including consultancy, bank financing assistance, title
verification, and title transfers. Feel free to email us if you think we can help you.