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Thursday, June 27, 2013

Application for Registration of NCR-Based Real Estate Brokers and Salesmen



LEGAL BASIS:
  • HLURB under PD 957 as amended, is empowered to register real estate brokers and salesmen dealing in condominium, farmlots, memorial parks and subdivision projects.
SCOPE:
GUIDELINES ON APPLICATION:
  1. All applications shall be filed with Records Section.
  2. Only applications with complete requirements shall be accepted for processing.
  3. Follow up shall only be allowed on the date specified in the Official Receipt issued by the Office.
    • During peak season (January-March), fifteen (15) working days
    • During off-season (April-onwards), one (1) week from filing
REQUIREMENTS:
Corporation/Individual ApplicantNewRenewal
Application Form1 copy1 copy
1 x 1 ID pictures1 copy1 copy
Latest REB Certificate---1 copy
Latest NBI or RTC clearance1 copy
(if 5 yrs.+ of non renewal)
Cash Bond or Surety Bond (P5,000.00)1 copy1 copy
Proof of Education Attainment1 copy---
Processing feeP510.00(+penalty if any)
Sales AgentNewRenewal
Application form1 copy1 copy
1 x 1 ID picture1 copy1 copy
Proof of Educational Attainment1 copy---
NBI or RTC clearance1 copy---
Latest REB certificate---1 copy
Cash Bond or Surety Bond (P1,000.00)1 copy1 copy
Endorsement from the employer1 copy1 copy
Current copy of REB Certificate of Registration/License of the employer issued by HLURB/DTI1 copy1 copy
Processing feeP210.00(+penalty if any)
DURATION OF REGISTRATION AND ITS RENEWAL:
Every registration under shall expire on the 31st day of December of each year. Renewal of registration for the succeeding year starts in the first working day of January until 31st day of each year. All applications filed beyond said period shall be penalized as follows:
PeriodHLURB
If licensee renews the certification within thirty (30) days after its expiry date (within the year).surcharge of P200.00 in addition to the basic fee
If renewal is made after one or more yearssurcharge of P200.00 for each year of non-renewal plus the basic fee for the current year only
Other ChargesHLURB
Change of AddressP50.00
Lost I.D./Certificate50.00
Certified true copy50.00
Certification210.00
CASH BOND OR SURETY BOND:
Applicant broker/salesmen shall submit a bond in the amount of P5,000.00/P1,000.00, respectively, in favor of DTI/HLURB. It may either be of the following:
  • Cash bond
  • Surety bond
  • Bonds of the Republic of the Philippines
  • Certification from a recognized real estate association that it guarantees the faithful and honest discharge by the applicant, as well as salesmen working under him, of their duties and shall be liable to any and all persons who may suffer loss by reason of such failure up to the amount of P5,000.00.
DETAILED PROCEDURES:
ActivitiesResponsible Party
  • Issues application forms
  • Receives application form and supporting documents
  • Checks if the documents submitted are in order and authenticated
  • Assesses fees
  • Prepares and Issues Order of Payment
Records Officer
  • Collects payments & issues Official Receipt
Cashier
  • Records application and transmit it to the concerned evaluator
Records Officer
  • Evaluates submitted documents with regard to completeness and authenticity
  • Records on the Official Registry Book and assigns license no. (if new applicant) and control no.
Evaluator/Processor
  • Encode & prepares certificate
Encoder/Typist
  • Photocopy the certification
  • Initial the Certificate
Evaluator/Processor
  • Signs Certificate
Regional Director of HLURB
  • Transmit the Certificate to the Records Section
Secretary
  • Releases Certificate to the applicant upon presentation of O.R.
  • Files the application and the supporting documents on respective applicant’s file
Records Officer

Download Application Form