What is RESA 9646?

RESA 9646 establishes the legal framework for real estate service practice in the Philippines. It ensures that only licensed professionals engage in real estate transactions, promoting transparency, professionalism, and accountability.

Why Does RESA 9646 Matter?

✅ Regulation of Real Estate Practice – Establishes legal standards and professional roles.
🛡️ Consumer Protection – Prevents fraud, such as title fraud, double sales, and misrepresentation.
🎓 Professionalization of the Industry – Requires education, licensure, and Continuing Professional Development (CPD).
💰 Economic Contribution – Supports a stable and professional real estate market.
🏛️ Government Oversight – PRBRES-PRC regulates real estate professionals.

Key Provisions of RESA 9646

📚 Licensure & Registration – Brokers, appraisers, and consultants must pass licensure exams, while salespersons must be accredited under a licensed broker.
👨‍💼 Real Estate Practitioners – Licensed professionals must adhere to the Code of Ethics.
🚨 Penalties for Violations – Unlicensed practice may lead to ₱100,000 fine or 2 years imprisonment (double for repeat offenders).
📖 Continuing Professional Development (CPD) – Mandatory for license renewal every three years.
🏢 Corporate Practice – Firms must employ licensed practitioners and follow industry regulations.

Real Estate Scams Addressed by RESA 9646

  • Property Title Fraud – Fake titles, forgery, and missing heirs.

  • Double Sale – Selling a property to multiple buyers.

  • Pre-Selling Scam – Delayed or non-issuance of property titles.