PRC & DTI JOINT ANNOUNCEMENT

TO ALL REAL ESTATE DEVELOPERS AND REAL ESTATE SERVICE PRACTITIONERS

The joint announcement of DTI and PRC has finally been issued Jan. 12, 2010 and was received by PAREB today January 15, 2010 and disseminated to all Local Boards.

As stated in the Joint Announcement of the Professional Regulatory Board (PRC) and Department of Trade and Industry – Bureau of Trade Regulation & Consumer Protection (DTI – BTRCP) dated January 12, 2010, it is required that all real estate service practitioners whose DTI Licenses have expired December 31, 2008 and onwards  to file the application for registration without examination under Section 20, Article III of R.A. No. 9646 from January 12, 2010 to July 30, 2011, stamped received by the PRC and/or Professional Regulatory Board of Real Estate Service (PRBRES). Such application shall be deemed proof of authority for the lawful exercise of their profession until such time that the PRC and the PRBRES shall have approved it.

For more information or to get a copy of the said Announcement, please call our office at (032) 232-3940.

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