HLURB R-S-922 S. 2014 PDF
HLURB R-S-922 S. 2014 PDF
HLURB R-S-922 S. 2014 PDF
Pursuant to Article N, Section 5(c) of Executive Order No. 648 (E.O. No.
648), as amended by Executive Order No. 90, and to Section 36 of
Presidential Decree No. 957 (P.D. No. 957), the following rules and
regulations ( "Rules'') are hereby promulgated by the Housing and Land Use
Regulatory Board (HLURB) to implement Section 11 and 12 and other related
provisions of P.O. No. 957 and to regulate dealers, brokers, and salesmen of
subdivision and condominium projects and all other similar projects required
by law to be registered with the HLURB.
SECTION 1. Title. -This Rules shall be referred to as the "2014 Revised
Implementing Rules and Regulations on Dealers, Brokers and Salesmen".
SECTION 2. Scope of Application. - This Rules shall apply to all persons,
natural or juridical, that shall engage in the practice of real estate service
with projects required by law to be registered with HLURB.
When used in this Rules, the word "project" shall include the following which
are required by law to be registered with the HLURB:
2.1
2.2
2.3
Pagel p
HLURB Bldg. Kalayaan A venue comer Mayaman Street, Diliman, Quezon City
www.hlurb.gov.ph
SECTION 3. Objectives.
4.2
4.3 "Cease and Desist Order'' refers to an order issued by the HLURB
directed against a developer enjoining it from committing certain
acts in relation to its project by reason of a violation of Presidential
Decree No. 957, Batas Pambansa Big. 220, or any of their
implementing rules and regulations or any guidelines or circular
issued thereunder.
4.4 "Cemetery" refers to a public or private land used for the burial of the
''
'
4.8
4.18
'
.
SECTION 7. Regisbation of Business Firms. All business firms shall
first register with the HLURB in accordance with its existing rules and
guidelines before they can engage in the practice of real estate service with
any project required by law to be registered with the HLURB.
SECTION 8. Requirement of Bond. All applicants for registration with
the HLURB shall file a bond or such other acceptable security in lieu thereof.
Such bond or security shall be executed in favor of the HLURB and shall be
subject to the conditions provided under Section 12 of Presidential Decree
No. 957. Dealers and brokers shall be required to post a bond or security in
the amount of FIVE THOUSAND PESOS (PS,OOO.OO) while salespersons shall
be required to post a bond or security in the amount of ONE THOUSAND
PESOS (P1,000.00).
All business firms applying for registration shall be
required to post a bond in the amount of lWENlY THOUSAND PESOS
(P20,000.00).
SECTION 9. Monitoring and Sanctions. All persons engaged in the
practice of real estate service with any project are subject to the regular
monitoring, supervision and regulation of HLURB in accordance with its
For this purpose, they shall be
existing rules, regulations and guidelines.
subject to the imposition of fines and penalties in case of violation of any of
the provisions of Presidential Decree No. 957 and its implementing rules and
regulations.
SECTION 10. Administrative Fines and Penalties. Except as provided
under Sections 11 and 12 hereof, in addition to the appropriate penalties that
may be imposed in accordance with Section 39 of Presidential Decree No.
957, a graduated fine shall be imposed for violations of this Rules as follows:
1st Offense
2nd Offense
Any person not registered with the HLURB found violating any provision of
this Rules for the second time, or whose registration has been revoked under
this Rule shall not be allowed to register anew with the HLURB. In addition
thereto, all violations committed by brokers or salespersons shall be reported
to the PRBRES by the HLURB, and if applicable, with a corresponding
recommendation for the revocation or cancellation of the real estate service
practitioner's registration or accreditation with the PRBRES in case of
subsequent violation.
All fines imposed in this Rules shall be payable to HLURB and enforceable
through writs of execution in accordance with the existing HLURB's Rules of
Procedure. In the case of corporations, partnerships, cooperatives, or
associations, the president, manager or administrator or the person(s) who
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ANTONIO M. BERNARDO
Commissioner and Chief Executive Officer
Undersecretary, DILG
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B. SALAZAR
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CORAZ~-CABRERA
JAIM A. PACANAN
Unde ecretary, DPWH
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EMMANUEL F. ESGUERRA
Deputy Director-General, N
UNDA~~MNSA
Commissioner
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