Posted on 2/22/2016
Manila, February 22, 2016 --- The Professional Regulation
Commission and the Professional Regulatory Board of Real Estate Service
denied the Petition for the Renewal of Accreditation of the Philippine
Institute of Real Estate Service Practitioners (PhilRES), INC as the
Accredited and Integrated Professional Organization with the issuance of
Resolution No. 05, Series of 2016, dated January 21, 2016.
The said Resolution provides that PhilRES failed to amend and
ratify the contested provisions of its Bylaws specifically on the
election rules and chaptering and to comply with its mandate under R.A.
No. 9646 (Real Estate Service Act) to register, unite and integrate all
licensed and registered real estate practioners. Further, the default on
the part of PhilRES to live up to the duties and responsibilities
entrusted by the PRC and the Board warranted loss and confidence;
thereby, furnishing the latter ample grounds not to give due course to
the Petition.
Under the present circumstance where there is no existing AIPO for
the real service profession, the Commission hereby suspends the
imposition of Certificate of Good Standing requirement for the renewal
of the Professional Identification Cards of all real estate service
practioners.
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