A word of advice in real estate dealings

When you engage the services of a real estate agent, salesman or broker, ask for his/her real estate license. The Brokerage Law (Act # 2728) and its implementing rule (DTI MO # 39, SERIES OF 1985) regulates the realty service practice in the Philippines. The Law and the rules mandate the licensing of every person who performs the following acts and practices involving real properties: Offering of the Sales, Advertising, Listing, Promoting, Mediating, Negotiating, and Effecting the meeting of minds for the sale, purchases, exchange, mortgage, lease or joint venture or other transactions in real estate and any interest therein.

The Department of Trade & Industry is the governing body that issues the real estate license. BP# 220 and PD 957 also require the registration of real Estate Brokers & Salesmen at the Housing and Land Use Regulatory Board (HLURB).

Yours truely, Michael Abonitalla is registered with the Housing and Land Use Regulatory Board / HLURB and duly licensed by the Department of Trade and Industry in Cagayan de Oro City, Philippines with License no. RES-20080-06-01520 under RPM Realty.

DEAL ONLY WITH LICENSED REAL ESTATE PRACTITIONERS.

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