EP01: The Number One Law Every Filipino Real Estate Professional Should Know About

Excited ka na bang simulan ang iyong Realty journey pero hindi mo alam kung ano ang dapat mong unahin? Information Overload is real! As an aspiring Filipino Realtor, you want to get your best step forward & start the business the right way but it’s also easy to get overwhelmed by the technical side of it.

In her first episode, Juvy starts with the basics & discusses the Real Estate Law every Filipino Realtor should know by heart. She also tackles the different kinds of Real Estate Professionals you need to be familiarized with to guide you in choosing your path. Packed with foundational information, tune in to this episode to learn more.

What you’ll learn in just 10 minutes from today’s episode:
– Background about the Real Estate Service Act of 2009
– Know the requirements necessary to be a Licensed Real Estate professional in the Philippines
– Learn the different Real Estate Service practitioners and their duties & responsibilities
– Identify who is exempted & prohibited from the Real Estate Service act as well as the penalties for violating RA 9646.

Topics Covered:
00:50 – Juvy introduces herself, shares her background as well as the motivation behind the Podcast
01:23 – What is the Real Estate Service Act of 2009 (RESA) & why is it important?
01:53 – How did Filipino Realtors get their licenses before RESA was implemented in The Philippines?
02:26 – Who will benefit from this legislation?
02:48 – Real Estate Service Professionals included in RESA
06:02 – Who is legally permissible to sell properties without having a license?
06:53 – Who is prohibited from practicing Real Estate services?
07:28 – Penalties for violating RA 9646

“Importante yung word na tinatawag namin sa Real Estate na Caveat Emptor, ito ‘yung Buyer’s beware, kailangan aware tayo sa batas na ito.” — Juvy Garcia

“Ignorance of the law excuses no one.”

Resources Mentioned:
Real Estate Service Act 2009, R.A. no. 9646
https://lawphil.net/statutes/repacts/ra2009/ra_9646_2009.html

Connect with Juvy Garcia
Email: [email protected]Facebook Page: https://www.facebook.com/TheFilipinoRealtorPodcastLinkedIn: https://www.linkedin.com/in/juvy-garcia-0aa679241/