8/03/2010

Rule on freelance realty agents

QUESTION: Sir John, I am a licensed Real Estate Broker and at the same time a government employee. I do real estate agency on a part-time basis. How will the RA 9646 affect me?

ANSWER: Under the law, you can no longer be a freelancer. Every registered and licensed real estate service practitioner (especially Brokers and Appraisers) shall establish and maintain a principal place of business.

RA 9646 SEC. 33. Display of License in the Place of Business.

Every registered and licensed real estate service practitioner shall establish and maintain a principal place of business and such other branch offices as may be necessary, and shall conspicuously display therein the original and/or certified true copies of his/her certificate of registration and professional identification card as well as the certificates of registration and professional identification cards of all the real estate service practitioners employed in such office.

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