The long wait is over; The RA 9646 Implementing Rules and Regulation of Real Estate Service was released last August 24, 2010 and was published at official publications. RESA LAW was sponsored by Sen. Panfilo Lacson and was approved on June 29, 2009; after 20 long years of due diligence and persistent to professionalize the Real Estate Industry practice. As result of professionalizing the industry; Real Estate Practioners such as Brokers, Appraiser, Assessors and Consultants will be transferred from the DTI (Department of Trade and industry) to PRC (Professional Regulation and Commissions) without taking examination under the Grand Father’s Clause.
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