Reviewer for Real Estate Practice and the RESA Law (RA 9646) for the Real Estate Broker board.
The RESA Law (RA 9646)
RA 9646, the Real Estate Service Act of 2009, professionalized real estate service and created the PRC Board of Real Estate Service.
| Practitioner | Role |
|---|---|
| Broker | Licensed to negotiate sales for others |
| Salesperson | Works under a broker |
| Appraiser | Estimates property value |
| Consultant | Advises on real estate |
Brokerage Practice
Brokers facilitate sales, leases, and exchanges. They earn a commission, typically a percentage of the selling price.
Only a licensed broker (not a salesperson) may sign documents and represent a deal independently.
Ethics
Brokers must act with honesty, disclose material facts, avoid misrepresentation, and protect client interests.
Commission Example
A ₱2,000,000 property sells at a 5% commission.
Before your exam, make sure you can confidently explain and apply each of the following:
- The RESA Law (RA 9646)
- Brokerage Practice
- Ethics
- Commission Example
Re-read any section above where you hesitate, then explain it aloud in your own words — if you can teach it simply, you understand it. Focus your final review on the tables, formulas, and the common-mistake warnings, since those are where most points are won or lost.