iRealtee OS Glossary

PRC Board of Real Estate Service

The Board operates under the supervision and administrative control of the Professional Regulation Commission. Its primary mandate is to:

PRC Board of Real Estate Service

PRC Board of Real Estate Service is the regulatory body under the Professional Regulation Commission (PRC) that supervises and regulates the practice of real estate service in the Philippines. Created under Republic Act No. 9646 (Real Estate Service Act of the Philippines), the Board oversees the licensure, registration, and professional conduct of real estate brokers, appraisers, consultants, assessors, and salespersons.

Core Mandate

The Board operates under the supervision and administrative control of the Professional Regulation Commission. Its primary mandate is to:

  • Develop and nurture technically competent, responsible, and globally competitive real estate service practitioners
  • Promote the growth of the Philippine real estate industry
  • Protect consumers from unauthorized or unethical real estate practice

Key Functions

The Board exercises the following powers under RA 9646:

  • Licensure Examinations – Conducts examinations for real estate brokers, appraisers, and consultants at least once annually
  • Registration and Licensing – Issues, suspends, revokes, or reinstates certificates of registration and professional identification cards
  • Policy Development – Provides comprehensive guidelines for promoting and developing the real estate industry
  • Code of Ethics Enforcement – Adopts and enforces the national Code of Ethics and Responsibilities for all licensed practitioners
  • Continuing Professional Education (CPE) – Prescribes guidelines and criteria for the CPE program in consultation with accredited professional organizations
  • Educational Standards – Works with CHED to prescribe curricula requirements for real estate service courses
  • Investigation and Discipline – Hears violations of RA 9646, its implementing rules, and the Code of Ethics; issues subpoenas to secure witness appearances and document production

Board Composition

The Board consists of five members appointed by the President of the Philippines:

  • One Chairperson
  • Four Members (two must represent government assessors and appraisers)

Members are selected from recommendees submitted by the accredited and integrated professional organization of real estate service practitioners.

Qualifications for Board Members

  • Filipino citizen and Philippine resident
  • Holder of a bachelor's degree related to real estate
  • Active licensed practitioner for at least 10 years
  • Member in good standing of the accredited professional organization
  • Not a faculty member of institutions offering licensure exam review classes
  • Good moral character with no conviction for crimes involving moral turpitude

Jurisdiction

The Board has jurisdiction over all real estate service practitioners in the Philippines, including:

Official Resources

References

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