Brokers
BROKERS GUIDE
Application for Registration of NCR-Based Real Estate Brokers and Salesmen
LEGAL BASIS:
HLURB under PD 957 as amended is empowered to register real estate brokers and
salesmen dealing in condominium, farmlots, memorial parks and subdivision projects.
SCOPE:
No real estate broker or salesman shall engage in the business of selling subdivision lots or
condominium units unless he has registered himself with the Authority in accordance with
the provisions of Sections 11 & 12 of Presidential Decree No. 957 and Sections 13, 14, and
15 of Rule V of Implementing Rules and Regulations as Amended and Other Related Laws
and Regulations of the HLURB.
GUIDELINES ON APPLICATION:
1.
All applications shall be filed with Records Section.
2.
Only applications with complete requirements shall be accepted for processing.
3.
Follow up shall only be allowed on the date specified in the Official Receipt issued by
the Office.
o
During peak season (January-March), fifteen (15) working days
o
During off-season (April-onwards), one (1) week from filing
REQUIREMENTS:
Corporation/Individual
Applicant
New
Renewal
Accomplished Application Form
1 copy
1 copy
ID pictures (2 x 2) any color
2 copies
2 copies
Latest HLURB Certificate of
Registration (photocopy)
1 copy
Latest PRC License (Certificate &
ID card) ) (photocopy)
1 copy
1 copy
Copy of Surety Bond and O.R.
1 copy
1 copy
Processing fee
P720.00
(P200/Year of nonrenewal)
Sales Agent
New
Renewal
Accomplished Application Form
1 copy
1 copy
ID pictures (2 x 2) any color
1 copy
1 copy
Latest HLURB Certificate of
Registration (photocopy)
1 copy
Latest PRC License (Certificate &
ID card) ) (photocopy)
1 copy
1 copy
Copy of Surety Bond and O.R.
1 copy
1 copy
Processing fee
1 copy
1 copy
Letter of Endorsement from a
Licensed broker (employer)
1 copy
1 copy
Latest HLURB and PRC certificates
or ID of employer
1 copy
1 copy
Processing fee
P288.00
(P200/Year of nonrenewal)
DURATION OF REGISTRATION AND ITS RENEWAL:
Every registration under shall expire on the 31st day of December of each year. Renewal of
registration for the succeeding year starts in the first working day of January until 31st day
of each year. All applications filed beyond said period shall be penalized as follows:
Period
HLURB
If licensee renews the
certification within thirty (30)
days after its expiry date
(within the year).
surcharge of P200.00 in addition to the basic
fee
If renewal is made after one or
more years
surcharge of P200.00 for each year of nonrenewal plus the basic fee for the current
year only
Other Charges
HLURB
Change of Address
P50.00
Lost I.D./Certificate
50.00
Certified true copy
50.00
Certification
210.00
CASH BOND OR SURETY BOND:
Applicant broker/salesmen shall submit a bond in the amount of
P5,000.00/P1,000.00, respectively, in favor of DTI/HLURB. It may either be of the
following:
Cash bond
Surety bond
Bonds of the Republic of the Philippines
Certification from a recognized real estate association that it
guarantees the faithful and honest discharge by the applicant, as well as salesmen
working under him, of their duties and shall be liable to any and all persons who may
suffer loss by reason of such failure up to the amount of P5,000.00.
DETAILED PROCEDURES:
Activities
Issues application forms
Receives application form and supporting
documents
Checks if the documents submitted are in
order and authenticated
Assesses fees
Prepares and Issues Order of Payment
Collects payments & issues Official Receipt
Responsible Party
Records Officer
Cashier
Records application and transmit it to the
concerned evaluator
Records Officer
Evaluates submitted documents with regard
to completeness and authenticity
Records on the Official Registry Book and
assigns license no. (if new applicant) and control
no.
Evaluator/Processor
Encode & prepares certificate
Encoder/Typist
Photocopy the certification
Initial the Certificate
Evaluator/Processor
Signs Certificate
Regional Director of
HLURB
Transmit the Certificate to the Records
Section
Releases Certificate to the applicant upon
presentation of O.R.
Files the application and the supporting
documents on respective applicants file
Secretary
