HLURB requirement: Registration of Agents and Brokers.

We should slowly start professionalizing our sales force in accordance with Resoltuion no 922 of 2015 of HLURB registration of brokers and agents. (for our protection in view of Panga and Calamba scandals)

https://cesacademy.com/board-resolution-no-921-and-922-recently-approved-irr-by-hlurb/

Section 6 – All brokers and salespersons must be registered and licensed or accredited by the Professional Regulatory Board of Real Estate Service before they can engage in the practice of real estate services.

Section 7 – All business firms shall likewise first register with the HLURB in accordance with its existing rules and guidelines before they can engage in the practice of real estate service.

Section 8 – All applicants shall file a bond or security of P5,000 for dealers and brokers and P1,000 for salespersons. All business firms, on the other hand, shall post a bond of P20,000.

Section 10 – Any dealer, broker, salesperson and business firm who engages in real estate practice without registering the project with the HLURB or using an expired HLURB permit will be fined P10,000 and P5,000 respectively.

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PAGSASANAY SA TAGUMPAY (Training for Success)

Good management is good management everywhere

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  Jorge U. Saguinsin

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 4   RRURAC   (Read, Reflect, Understand, Realize Act, Check)  # 3

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Avoiding the mistakes of a Prime Real Estate Company

PAGSASANAY SA TAGUMPAY

Rizal Philippines
November 28, 2018

Last Saturday, a real estate company we are very familiar with was featured in a govt TV station.  The complainants alleged that in a housing project by the former in Bulacan, they made DP of about P200,000
but:

             1. No documents were delivered (vs PD 957)
             2.  And no house were built yet

Several conciliation meetings were held by HLURB but no officials of the said company fail to appear. (The company owes MLII millions)

The lawyer from HLURB threatens administrative sanctions vs the said real estate company which includes but not limited to:  cutting of credit/take out facilities from HDMF, and discrediting the same with private
financial institutions. This is without prejudice to penalty and imprisonment.

Hindi na kailangan marahil ito  Ang maTV at madyaryo ka lang isa nang malaking kasiraan

HLURB Walang action vs ____Prime, sa Remate

                                         Broken dreams, broken promises

What could have probably led to this?   Some simple office administrative oversights gathered momentum leading to this critical situation for the real estate company:

           1.  Misfiling
           2.  Documents not done on time
           3. Non payment of suppliers/or payment on time
           4.  Simple little negligence by the  staff
                arising from being late, being absent, lack of productivity and lack of work

Are we not far behind:

          1. Delayed payment of suppliers
          2.  Resulting in non delivery of materials
          3.  Delayed permits (and people who are supervising certainly amiss)
          4.  Ugly dirty sites;
          5. Deteriorating standards of interment and maintenance
          6.  Delayed delivery of documents and or failure to resolve this in a timely manner

HOY GISING.   Padyaryo ba  tayo?  PapaTV ba tayo    

  


From Philproperties Holding 85% sold out, pero may bahay na hindi nagawa/naideliver?