Accredited Real Estate Salespersons of the Philippines (ACRES Philippines) is a professional organization that represents registered real estate salespersons operating under the supervision of PRC-licensed brokers in the Philippines.
ACRES Philippines is the country's first and largest organization dedicated to accredited real estate salespersons. The organization works collaboratively with government agencies and industry stakeholders to promote responsible real estate marketing and protect property buyers from fraudulent practitioners.
Core Mandate
ACRES Philippines operates with the following objectives:
- Represent and advocate for the interests of accredited real estate salespersons nationwide
- Collaborate with DHSUD and other regulatory bodies to combat unlicensed agents and "colorum" developers
- Promote ethical standards and responsible marketing practices in the real estate industry
- Educate members and the public about legitimate real estate transactions
- Encourage unlicensed practitioners to pursue proper PRC accreditation
Key Services
ACRES Philippines provides the following services to its members and the industry:
- Industry Summits and Training — Regular conferences such as the ACRES Summit that address current industry challenges
- Regulatory Coordination — Partnership with DHSUD to report and monitor activities of unlicensed agents and brokers
- Market Data and Research — Collection and dissemination of real estate market statistics, particularly on OFW purchasing trends
- Member Advocacy — Representation of salespersons' interests before regulatory bodies and developers
Jurisdiction
ACRES Philippines operates nationwide, with members across all regions of the Philippines. The organization functions within the regulatory framework established by Republic Act 9646 (Real Estate Service Act), which governs all real estate service practitioners in the country.
Under RA 9646, real estate salespersons must be accredited by and work under the direct supervision of a licensed real estate broker. ACRES members are practitioners who comply with this legal requirement.
Industry Impact
ACRES Philippines has reported significant market data that shapes industry understanding:
- OFW Market Dominance — Data shows that Overseas Filipino Workers are the biggest buyers of real property in the Philippines, representing a P700-billion market value annually
- Remittance Allocation — Approximately 30-40% of OFW remittances are invested in Philippine real estate
- Consumer Protection — The organization estimates over 50,000 unlicensed salespersons operate in the country, highlighting the need for stronger enforcement
Official Resources
- Official Website: www.acres.ph
- Facebook Group: Accredited Real Estate Salespersons of the Philippines (ACRES Philippines, Inc.)
Related Terms
References
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