QUESTION: Rltr. John, we are a law enforcement group tasked by DOJ to pursue violators of RA 9646 and PD 957, especially the illegal real estate advertisers. The manner of advertising in classified ads (print and internet) and fliers does not indicate the relationship of the advertiser to the property. In effect, we have a larger pool of advertisements to investigate. What is your policy suggestion that will reduce the pool of suspects?
ANSWER: The government should publish an advisory or the publishers should voluntarily implement a corporate policy that advertisers of properties for sale and lease must indicate the advertiser-property relationship codes. FSBO means for-sale-by-owner. REB means PRC– and HLURB-registered Broker. SP means PRC– and HLURB-registered Salesperson. SPA means holder of Special Power of Attorney (must be acting as agent without fee). DLR means HLURB-registered Dealer. AUC means Bank or LGU Auctioneer. The REB, SP, and DLR must always indicate their license numbers.
If you can't find any indication, you can proceed in setting it up for an entrapment.
Example:
For Sale. Condominium. Taguig. 1 BR. 1 T/B. Fully Furnished. RFO. For Sale at P2M or rent at P15,000/mo. FSBO John Doe 0921-000000.
For Sale. Townhouse. Alabang. 3BR. 2 T/B. Bare unit. Ready by March 2013. For sale at P5M. PRC #98767898. REB James Doe 0920-0000000.
For Sale. Subdivision Lot. Quezon City. 200SQM. Roads fully developed. For sale at P1.2M. HLURB SP#5437489. SP Julia Doe 0919-0000000.
For Sale. Commercial Space. Makati. 500SQM. Ground floor of 4-storey building. For sale at P45M. SPA Jigger Doe 0918-0000000.
For Sale. Warehouse. Paranaque. 12,000 SQM Lot, 5,000SQM building. For Sale at P120M. Banco de Oro AUC Jesus Doe 0917-0000000.
THE WORLD WATCHES US
Three days ago, while driving, I received a call from a lady (I forgot her name). She said she works for ???Pacific, a foreign intelligence research service provider for foreign embassies and missions here in Asia Pacific. She was asking my permission to extract some of the information in my blog site (Real Estate Service Coach) in connection to a report she is writing about anomalies and scams in Philippine real estate. She said that the purpose of the article is to provide the embassies with information that they can use to write advisories and warning light to expats and foreigners here in Philippines. Among the many anomalies, she said that colorum practice is on top of her list. She said she will give me a copy of the report when it's done.
1/11/2013
Law enforcement in real estate advertising
QUESTION: Rltr. John, we are a law enforcement group tasked by DOJ to pursue violators of RA 9646 and PD 957, especially the illegal real estate advertisers. The manner of advertising in classified ads (print and internet) and fliers does not indicate the relationship of the advertiser to the property. In effect, we have a larger pool of advertisements to investigate. What is your policy suggestion that will reduce the pool of suspects?
ANSWER: The government should publish an advisory or the publishers should voluntarily implement a corporate policy that advertisers of properties for sale and lease must indicate the advertiser-property relationship codes. FSBO means for-sale-by-owner. REB means PRC– and HLURB-registered Broker. SP means PRC– and HLURB-registered Salesperson. SPA means holder of Special Power of Attorney (must be acting as agent without fee). DLR means HLURB-registered Dealer. AUC means Bank or LGU Auctioneer. The REB, SP, and DLR must always indicate their license numbers.
If you can't find any indication, you can proceed in setting it up for an entrapment.
Example:
For Sale. Condominium. Taguig. 1 BR. 1 T/B. Fully Furnished. RFO. For Sale at P2M or rent at P15,000/mo. FSBO John Doe 0921-000000.
For Sale. Townhouse. Alabang. 3BR. 2 T/B. Bare unit. Ready by March 2013. For sale at P5M. PRC #98767898. REB James Doe 0920-0000000.
For Sale. Subdivision Lot. Quezon City. 200SQM. Roads fully developed. For sale at P1.2M. HLURB SP#5437489. SP Julia Doe 0919-0000000.
For Sale. Commercial Space. Makati. 500SQM. Ground floor of 4-storey building. For sale at P45M. SPA Jigger Doe 0918-0000000.
For Sale. Warehouse. Paranaque. 12,000 SQM Lot, 5,000SQM building. For Sale at P120M. Banco de Oro AUC Jesus Doe 0917-0000000.
THE WORLD WATCHES US
Three days ago, while driving, I received a call from a lady (I forgot her name). She said she works for ???Pacific, a foreign intelligence research service provider for foreign embassies and missions here in Asia Pacific. She was asking my permission to extract some of the information in my blog site (Real Estate Service Coach) in connection to a report she is writing about anomalies and scams in Philippine real estate. She said that the purpose of the article is to provide the embassies with information that they can use to write advisories and warning light to expats and foreigners here in Philippines. Among the many anomalies, she said that colorum practice is on top of her list. She said she will give me a copy of the report when it's done.
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