Roles & Responsibilities of PRBRES & PRC

What is PRBRES?

The Professional Regulatory Board of Real Estate Service (PRBRES) is the governing body responsible for regulating the real estate profession in the Philippines. It operates under the supervision of the Professional Regulation Commission (PRC) and ensures that real estate practitioners comply with legal and ethical standards.

Roles and Responsibilities of PRBRES

  1. Regulation and Licensing

    • Conducts licensure examinations for real estate brokers, appraisers, and consultants.

    • Issues, suspends, revokes, or reinstates certificates of registration and professional identification cards.

    • Maintains a registry of licensed real estate practitioners.

  2. Policy and Ethical Standards

    • Develops and enforces a Code of Ethics for real estate professionals.

    • Formulates policies and guidelines for real estate service operations and practices.

    • Ensures compliance with continuing professional education (CPD) requirements.

  3. Monitoring and Oversight

    • Investigates complaints and violations related to real estate practice.

    • Monitors advertisements and marketing strategies to prevent misleading information.

    • Safeguards the rights and responsibilities of licensed practitioners.

  4. Education and Training

    • Collaborates with educational institutions to develop real estate service curricula.

    • Approves training programs for professional development.

    • Accredits seminars and workshops for CPD compliance.

What is PRC?

The Professional Regulation Commission (PRC) is the overarching body that oversees the regulation and licensing of various professional fields, including real estate service. It supervises PRBRES and ensures the effective implementation of laws and policies governing professional practice.

Roles and Responsibilities of PRC

  1. Supervision of PRBRES

    • Appoints PRBRES members based on recommendations from professional organizations.

    • Provides administrative and legal support to PRBRES in carrying out its functions.

  2. Licensure and Accreditation

    • Oversees the licensure process, including examination schedules and requirements.

    • Issues professional identification cards and renews licenses.

  3. Regulatory and Disciplinary Actions

    • Enforces rules and regulations governing real estate practice.

    • Imposes sanctions on violators of RESA 9646 and its implementing rules.

  4. Continuing Professional Development (CPD)

    • Establishes CPD guidelines for licensed professionals.

    • Accredits CPD providers and programs to ensure quality education and training.