Cebu-based real estate brokers are urging the Professional Regulations Commission (PRC) to convene all real estate professionals and assist in the creation of a national organization for them.
Anthony Gerard Leuterio, president of the Philippine Allied Chamber of Real Estate Brokers and Licensed Salesmen, said he is concerned that there is no “mother organization” that real estate brokers can associate with.
“Lawyers have the Integrated Bar of the Philippines, accountants have the Philippine Institute of Certified Public Accountants, and yet, real estate professionals don’t have one. I find it weird when there are a lot of Filipinos who are engaged in this industry,” said Leuterio
According to Section 34 of the Real Estate Service Act (Resa) Law, which took effect in 2009, the integration of real estate services associations into one national organization is required. This national organization will be recognized by the board as the only Association of Integrated Professional Organization (Aipo) for real estate services organizations.
“The creation of this Aipo is important because it will help police all the real estate professionals engaged in the industry,” said Leuterio.
“Aipo will be one that will create the ethics and policies in the real estate service for everyone to follow,” he added. “The organization is also seen to be the voice of the sector.”
Leuterio said it is now time for the profession to be provided due importance by the PRC, especially that the law has been there for 10 years.
According to him, the strict implementation of the law would address the fast-growing number of foreign nationals who are buying and selling properties in the Philippines without licenses, as well as the presence of local “colorum practitioners.”
“It is the absence of Aipo and code of ethics that are hindering the implementation of the law,” he added.
Leuterio said Aipo will not only help protect buyers from unscrupulous sellers but it will also protect the booming real estate industry, which has been registering high growth the past years.
Source: Sunstar
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