A help site for Philippine real estate questions and answers.
This is a help list created by Realtor Genevieve "Gigi" Bonquin for her clients, friends, website visitors and guests as well as those who wants to educate himself in matters of real estate in the Philippines.
Members are welcome to send questions or request for advice or help with regard to their real estate investment plans, existing properties or for anything regarding real estate in the Philippines.
ETHICS dictates that OTHER AGENTS/BROKERS are NOT ALLOWED TO post directly their properties for sale here
Penalty for unlicensed real estate selling increased!!!
The Secretary of Trade and Industry issued DTI Administrative Order No. 6 dated
August 24, 2007 increasing the fines on violations of Republic Act No. 2728,
as amended by Republic Acts No. 3715 and No. 3969. According to the
DTI order, any violation of RA No. 2728 shall be fined as follows:
New Schedule of Fines Violator Penalty
Minimum Medium Maximum
Licensed real estate practitioner
20,000
40,000
60,000
Unlicensed practitioner
40,000
80,000
120,000
Juridical person
60,000
100,000
150,000
For more details and guidelines please click this link