Documented History of PhilRES' Recognition and Accreditation as the sole Accredited and Integrated Professional Organization (AIPO) for the Real Estate Service of the PRC

The Professional Regulatory Board on The Professional Regulatory Board on Real Estate Service (PRBRES) invited Real Estate Service (PRBRES) invited formally organized stakeholders in the formally organized stakeholders in the Philippine Real Estate Industry to attend Philippine Real Estate Industry to attend on April 28, 2010 theon April 28, 2010 the

““APO Organization MeetingAPO Organization Meeting””

with all the members of the Professional with all the members of the Professional Regulatory Board on Real Estate Service Regulatory Board on Real Estate Service (PRBRES) present seating en banc, at the (PRBRES) present seating en banc, at the Ballroom 1 (GF) of the Hyatt Hotel & Ballroom 1 (GF) of the Hyatt Hotel & Casino, 1588 Pedro Gil St. cor. M. H. Del Casino, 1588 Pedro Gil St. cor. M. H. Del Pilar St., Malate, Manila. Pilar St., Malate, Manila.

In response, the distinguished Incumbent In response, the distinguished Incumbent Presidents, and/or Chairmen of the Board, Presidents, and/or Chairmen of the Board,

and/or Members of the Board of and/or Members of the Board of Directors/Trustees and/or Officers of twenty-Directors/Trustees and/or Officers of twenty-five (25) national associations and national five (25) national associations and national organizations which comprise more than organizations which comprise more than

seventy-five percent (75%) of the seventy-five percent (75%) of the stakeholders in the Philippine Real Estate stakeholders in the Philippine Real Estate Industry heeded the invitation to the “APO Industry heeded the invitation to the “APO Organization Meeting” by the Professional Organization Meeting” by the Professional Regulatory Board on Real Estate Service Regulatory Board on Real Estate Service (PRBRES) and attended the 28 April 2010 (PRBRES) and attended the 28 April 2010

meeting.meeting.

1.1. Institute of Philippine Real Estate Consultants, Inc. (IPREC)Institute of Philippine Real Estate Consultants, Inc. (IPREC)Enrico Melchor G. Sevilla - President 2010Enrico Melchor G. Sevilla - President 2010Amelita E. Sarmiento - Chairman of the Board 2010Amelita E. Sarmiento - Chairman of the Board 2010Juan B. Dayag - Vice President 2010Juan B. Dayag - Vice President 2010

2.2. Philippine Association of Realty Consultants & Specialists, Inc. PARCS) Philippine Association of Realty Consultants & Specialists, Inc. PARCS) Domingo D. De Vera - President 2010Domingo D. De Vera - President 2010Victor T. SalinasVictor T. SalinasCarolina Q. AlvarezCarolina Q. Alvarez

3.3. Institute of Philippine Real Estate Appraisers, Inc. (IPREA)Institute of Philippine Real Estate Appraisers, Inc. (IPREA)Roche U. Rigos - President 2010Roche U. Rigos - President 2010Ernesto M. AngelesErnesto M. Angeles

4.4. Philippine Association of Realty Appraisers, Inc. (PARA)Philippine Association of Realty Appraisers, Inc. (PARA)Dr. Mary Gaw So - President - 2010Dr. Mary Gaw So - President - 2010Filipina TuazonFilipina Tuazon

5.5. Real Estate Brokers Association of the Philippines, Inc. (REBAP)Real Estate Brokers Association of the Philippines, Inc. (REBAP)Julius G. Topacio - Chairman 2010Julius G. Topacio - Chairman 2010Evangeline M. De Jesus - Vice President MISEvangeline M. De Jesus - Vice President MISJosefina D. Magumcia - VP InternalJosefina D. Magumcia - VP Internal

6.6. Philippine Association of Realtors Boards, Inc.(PAREB)Philippine Association of Realtors Boards, Inc.(PAREB)Pilar Torres-Banaag - President 2010Pilar Torres-Banaag - President 2010Tomasito Z. Academia - Chairman of the Board 2010Tomasito Z. Academia - Chairman of the Board 2010Jocelynn Coronado-Sison - Secretary General 2010Jocelynn Coronado-Sison - Secretary General 2010

7.7. Chamber of Real Estate Builders Association, Inc. (CREBA)Chamber of Real Estate Builders Association, Inc. (CREBA)Florentino S. Dulalia, Jr. - President 2010Florentino S. Dulalia, Jr. - President 2010

8.8. National Real Estate Association, Inc. (NREA)National Real Estate Association, Inc. (NREA)Marissa P. Magsino - President 2010Marissa P. Magsino - President 2010Alejandro S. Manalac - Vice Chairman - 2010Alejandro S. Manalac - Vice Chairman - 2010

9.9. National Real Estate Association, Inc. - Cebu (NREA-Cebu)National Real Estate Association, Inc. - Cebu (NREA-Cebu)Abundio C. Gultiano, Jr. - President 2010Abundio C. Gultiano, Jr. - President 2010

10.10. NAR Philippines (NAR)NAR Philippines (NAR)Moises C. Canayon - President 2010Moises C. Canayon - President 2010Elizabeth Villareal - Vice PresidentElizabeth Villareal - Vice PresidentAtty. Iderlina P. Pagunuran Atty. Iderlina P. Pagunuran

11.11. Philippines Realtors Foundation, Inc. (PRFI)Philippines Realtors Foundation, Inc. (PRFI)Jane T. Saguinsin - President 2010Jane T. Saguinsin - President 2010Ma. Teresita B. Canlas - Executive Vice President 2010Ma. Teresita B. Canlas - Executive Vice President 2010

12.12. Institute of Public Sector Appraisers of the Philippines, Inc. (IPSAP)Institute of Public Sector Appraisers of the Philippines, Inc. (IPSAP)Joselito C. Caballero - President 2010Joselito C. Caballero - President 2010Genaro N. Flores – Vice President 2010Genaro N. Flores – Vice President 2010

13.13. Philippine Association of Local Treasurers & Assessors, Inc. Philippine Association of Local Treasurers & Assessors, Inc. (PHALTRA)(PHALTRA)

Nestor P. Quiambao - President 2010Nestor P. Quiambao - President 2010

14.14. Philippine Association of Municipal Assessors, Inc. (PAMAS)Philippine Association of Municipal Assessors, Inc. (PAMAS)Mario G. Magcalas - President 2010Mario G. Magcalas - President 2010

15.15. Philippine Association of Assessing Officers, Inc. (PAAO)Philippine Association of Assessing Officers, Inc. (PAAO)Nelson E. Parreno - President 2010Nelson E. Parreno - President 2010Gener R. Sison – EVP 2010Gener R. Sison – EVP 2010

16.16. Subdivision and Housing Developers Association, Inc. (SHDA)Subdivision and Housing Developers Association, Inc. (SHDA)Jose S. De GuzmanJose S. De Guzman

17.17. Philippine Council of Real Estate Educators, Inc. (PHILCORE)Philippine Council of Real Estate Educators, Inc. (PHILCORE)Amelita E. SarmientoAmelita E. SarmientoFlorentino S. Dulalia, Jr.Florentino S. Dulalia, Jr.

18.18. Organization of Socialized Housing Developers of the Philippines Organization of Socialized Housing Developers of the Philippines (OSHDP)(OSHDP)

Linda A. TanLinda A. TanJefferson S. BonggatJefferson S. Bonggat

19.19. Asian Valuers Association (AVA)Asian Valuers Association (AVA)Federico F. CuervoFederico F. Cuervo

20.20. Society of Philippine Review Appraisers, Inc. (SUPRA)Society of Philippine Review Appraisers, Inc. (SUPRA)Filemon N. SaromoFilemon N. Saromo

21.21. SIRCROSIRCROArnulfo CanariaArnulfo Canaria

22.22. Federation of Real Estate Brokers Association, Inc. (FREBA)Federation of Real Estate Brokers Association, Inc. (FREBA)Araceli S. Cauguiran - Past President 2009Araceli S. Cauguiran - Past President 2009Edward R. TolentinoEdward R. Tolentino

23.23. Philippine Association of Building Administrators, Inc. (PABA)Philippine Association of Building Administrators, Inc. (PABA)Jeffrey R. Sosa Jeffrey R. Sosa Juan H. De Los SantosJuan H. De Los Santos

24.24. Housing and Urban Development Coordinating Council (HUDCC)Housing and Urban Development Coordinating Council (HUDCC)Lindsay A. BarrientosLindsay A. BarrientosCelia S. AlbaCelia S. Alba

25.25. Northern Mindanao Association of Real Estate Appraisers, Inc. Northern Mindanao Association of Real Estate Appraisers, Inc. NORMINAREA)NORMINAREA)

Pilar Torres-Banaag - President 2010Pilar Torres-Banaag - President 2010

Upon the suggestion of the honourable members of Upon the suggestion of the honourable members of the Professional Regulatory Board on Real Estate the Professional Regulatory Board on Real Estate

Service (PRBRES) Service (PRBRES) seating en bancseating en banc, the distinguished , the distinguished participants approved and adopted the style nameparticipants approved and adopted the style name

““Philippine Institute of Real Estate Philippine Institute of Real Estate ServiceService

Practitioners (PhilRES) Incorporated”Practitioners (PhilRES) Incorporated”

as the name of the Accredited and Integrated as the name of the Accredited and Integrated Professional Organization (AIPO) that shall be formed.Professional Organization (AIPO) that shall be formed.

After some lengthy discussion and debate, upon After some lengthy discussion and debate, upon parliamentary query by Mr. Enrico Melchor G. Sevilla parliamentary query by Mr. Enrico Melchor G. Sevilla (IPREC President 2010) directed at the honourable (IPREC President 2010) directed at the honourable members of the Professional Regulatory Board on members of the Professional Regulatory Board on

Real Estate Service (PRBRES), Real Estate Service (PRBRES),

““whether the distinguished ladies and gentlemen whether the distinguished ladies and gentlemen then present at the “APO Organization Meeting” could then present at the “APO Organization Meeting” could form themselves as a “Convenors Group” for the sole form themselves as a “Convenors Group” for the sole purpose of establishing the contemplated Accredited purpose of establishing the contemplated Accredited and Integrated Professional Organization (AIPO) as and Integrated Professional Organization (AIPO) as

required by Section 34 Article IV of R. A. 9646”,required by Section 34 Article IV of R. A. 9646”,

the Honorable Members of the Professional the Honorable Members of the Professional Regulatory Board on Real Estate Service (PRBRES) Regulatory Board on Real Estate Service (PRBRES)

seating en banc, unanimously responded to the seating en banc, unanimously responded to the parliamentary query by Mr. Enrico Melchor G. Sevilla parliamentary query by Mr. Enrico Melchor G. Sevilla

in the affirmative.in the affirmative.

After some further discussions, upon joint motion by After some further discussions, upon joint motion by Mr. Enrico Melchor G. Sevilla (IPREC President 2010) Mr. Enrico Melchor G. Sevilla (IPREC President 2010)

and Mr. Moises Canayon (NAR Phils. President and Mr. Moises Canayon (NAR Phils. President 2010), the distinguished ladies and gentlemen then 2010), the distinguished ladies and gentlemen then

present at the “APO Organization Meeting”, present at the “APO Organization Meeting”, approved by majority vote the formation of a 25-approved by majority vote the formation of a 25-man “Convenors Group” that shall spearhead and man “Convenors Group” that shall spearhead and

undertake the formation of the Accredited and undertake the formation of the Accredited and Integrated Professional Organization (AIPO) Integrated Professional Organization (AIPO)

pursuant to the provisions of Republic Act No. 9646 pursuant to the provisions of Republic Act No. 9646 (Real Estate Service Act of the Philippines) and (Real Estate Service Act of the Philippines) and

Professional Regulation Commission Resolution No. Professional Regulation Commission Resolution No. 2004-178 Series of 2004.2004-178 Series of 2004.

Upon motion from the floor by Mr. Julius G. Topacio Upon motion from the floor by Mr. Julius G. Topacio (REBAP Chairman of the Board 2010), the (REBAP Chairman of the Board 2010), the

Professional Regulatory Board on Real Estate Professional Regulatory Board on Real Estate Service (PRBRES) seating en banc, unanimously Service (PRBRES) seating en banc, unanimously

approved and ratified the collective action for the approved and ratified the collective action for the formation of a 25-man “Convenors Group” that shall formation of a 25-man “Convenors Group” that shall

spearhead and undertake the formation of the spearhead and undertake the formation of the Accredited and Integrated Professional Organization Accredited and Integrated Professional Organization

(AIPO) pursuant to the provisions of Republic Act (AIPO) pursuant to the provisions of Republic Act No. 9646 (Real Estate Service Act of the Philippines) No. 9646 (Real Estate Service Act of the Philippines) and Professional Regulation Commission Resolution and Professional Regulation Commission Resolution

No. 2004-178 Series of 2004.No. 2004-178 Series of 2004.

The Professional Regulatory Board on Real Estate The Professional Regulatory Board on Real Estate Service (PRBRES) seating en banc, thereafter declared Service (PRBRES) seating en banc, thereafter declared

a recess in the formal proceedings to enable the a recess in the formal proceedings to enable the formation of a 25-man “Convenors Group” from among formation of a 25-man “Convenors Group” from among

the distinguished Incumbent Presidents, and/or the distinguished Incumbent Presidents, and/or Chairmen of the Board, and/or Members of the Board of Chairmen of the Board, and/or Members of the Board of

Directors/Trustees and/or Officers of twenty-five (25) Directors/Trustees and/or Officers of twenty-five (25) national associations and national organizations which national associations and national organizations which comprise more than seventy-five percent (75%) of the comprise more than seventy-five percent (75%) of the stakeholders in the Philippine Real Estate Industry then stakeholders in the Philippine Real Estate Industry then

present that shall spearhead and undertake the present that shall spearhead and undertake the formation of the Accredited and Integrated Professional formation of the Accredited and Integrated Professional

Organization (AIPO) pursuant to the provisions of Organization (AIPO) pursuant to the provisions of Republic Act No. 9646 (Real Estate Service Act of the Republic Act No. 9646 (Real Estate Service Act of the Philippines) and Professional Regulation Commission Philippines) and Professional Regulation Commission

Resolution No. 2004-178 Series of 2004.Resolution No. 2004-178 Series of 2004.

Nominations for the members that shall Nominations for the members that shall compose the “Convenors Group” were held compose the “Convenors Group” were held immediately and the following distinguished immediately and the following distinguished ladies and gentlemen were democratically ladies and gentlemen were democratically

voted thru viva voce nominations and elections voted thru viva voce nominations and elections as the members of the “Convenors Group” and as the members of the “Convenors Group” and agreed that the “Convenors Group” would meet agreed that the “Convenors Group” would meet

again on 06 May 6, 2010 to formally organize again on 06 May 6, 2010 to formally organize themselves as a juridical entity for the sole themselves as a juridical entity for the sole

purpose of establishing an association that shall purpose of establishing an association that shall spearhead and undertake to petition the spearhead and undertake to petition the

Professional Regulatory Board on Real Estate Professional Regulatory Board on Real Estate Service (PRBRES) to be recognized and be Service (PRBRES) to be recognized and be

appointed as the Accredited and Integrated appointed as the Accredited and Integrated Professional Organization (AIPO) pursuant to Professional Organization (AIPO) pursuant to the provisions of Republic Act No. 9646 (Real the provisions of Republic Act No. 9646 (Real Estate Service Act of the Philippines) and PRC Estate Service Act of the Philippines) and PRC

Res. No. 2004-178 Series of 2004.Res. No. 2004-178 Series of 2004.

1.1. Domingo D. De VeraDomingo D. De Vera - Chairman- Chairman2.2. Pilar Torres-Banaag Pilar Torres-Banaag - Vice - Vice

Chairman Chairman 3.3. Moises C. CanayonMoises C. Canayon - Member- Member4.4. Florentino S. Dulalia, Jr. Florentino S. Dulalia, Jr. - Member- Member5.5. Gener R. SisonGener R. Sison - Member- Member6.6. Marissa P. MagsinoMarissa P. Magsino - Member- Member7.7. Jose De GuzmanJose De Guzman - Member- Member8.8. Roche U. RigosRoche U. Rigos - Member- Member9.9. Julius G. TopacioJulius G. Topacio - Member- Member10.10. Amelita E. SarmientoAmelita E. Sarmiento - Member- Member11.11. Jeffrey R. SosaJeffrey R. Sosa - Member- Member12.12. Enrico Melchor G. SevillaEnrico Melchor G. Sevilla - Member- Member

13.13. Ernesto M. AngelesErnesto M. Angeles - Member- Member14.14. Juan B. DayagJuan B. Dayag - Member- Member15.15. Evangeline M. De JesusEvangeline M. De Jesus - Member- Member16.16. Alejandro S. ManalacAlejandro S. Manalac - Member- Member17.17. Tomasito Z. AcademiaTomasito Z. Academia - Member- Member18.18. Dr. Mary Gaw SoDr. Mary Gaw So - Member- Member19.19. Abundio C. Gultiano, Jr. Abundio C. Gultiano, Jr. - Member- Member20.20. Victor T. SalinasVictor T. Salinas - Member- Member21.21. Nestor P. QuiambaoNestor P. Quiambao - Member- Member22.22. Nelson E. ParrenoNelson E. Parreno - Member- Member23.23. Mario G. MagcalasMario G. Magcalas - Member- Member24.24. Genaro N. FloresGenaro N. Flores - Member- Member25.25. Carolina Q. AlvarezCarolina Q. Alvarez - Member- Member

On May 6, 2010 the “Convenors Group” met at the On May 6, 2010 the “Convenors Group” met at the CREBA National Office to formally organize themselves CREBA National Office to formally organize themselves

and form a juridical entity to be known as the and form a juridical entity to be known as the

““Philippine Institute of Real Estate ServicePhilippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated”Practitioners (PhilRES) Incorporated”

for the sole purpose of forming an integrated for the sole purpose of forming an integrated Association of Real Estate Service Practitioners Association of Real Estate Service Practitioners

consisting of licensed real estate consultants, licensed consisting of licensed real estate consultants, licensed real estate appraisers, licensed real estate brokers and real estate appraisers, licensed real estate brokers and

accredited real estate salespersons (as kindred accredited real estate salespersons (as kindred members) and thereafter formally apply and petition members) and thereafter formally apply and petition

the the Professional Regulatory Board on Real Estate Professional Regulatory Board on Real Estate Service (PRBRES) and the Professional Regulation Service (PRBRES) and the Professional Regulation

Commission as an Commission as an Accredited and Integrated Accredited and Integrated Professional Organization (AIPO) as required by Sec. 34 Professional Organization (AIPO) as required by Sec. 34

Art. IV RA9646 for the real estate serviceArt. IV RA9646 for the real estate service..

Subsequently, with other real estate industry Subsequently, with other real estate industry notable personalities in attendance aside from the notable personalities in attendance aside from the

original “Convenors Group”, the distinguished original “Convenors Group”, the distinguished ladies and gentlemen of the “Convenors Group” ladies and gentlemen of the “Convenors Group” met and organized themselves on 6 May 2010.met and organized themselves on 6 May 2010.

Viva voce nominations were made and elections for Viva voce nominations were made and elections for various Trustee and Officer positions were held via various Trustee and Officer positions were held via

secret ballot and distinguished ladies and secret ballot and distinguished ladies and gentlemen of various and diverse associations or gentlemen of various and diverse associations or

organizations were elected to be the founding organizations were elected to be the founding incorporators and trustees of PhilRES.incorporators and trustees of PhilRES.

On May 13, 2010 the collectively and democratically On May 13, 2010 the collectively and democratically elected Founding Incorporators, Trustees and elected Founding Incorporators, Trustees and

Officers of PhilRES formally met and Officers of PhilRES formally met and

““collectively acted (a) in their moral duty and collectively acted (a) in their moral duty and obligation to perform to the best of their abilities, obligation to perform to the best of their abilities,

their functions and capacities (b) in the best interest their functions and capacities (b) in the best interest of their respective organizations, members and of of their respective organizations, members and of

the entire real estate profession, and (c) in exercise the entire real estate profession, and (c) in exercise of their individual and collective constitutional of their individual and collective constitutional

rights guaranteed under Section 8 Article III of the rights guaranteed under Section 8 Article III of the 1987 Constitution of the Republic of the Philippines”1987 Constitution of the Republic of the Philippines”

and executed the Articles of Incorporation and By and executed the Articles of Incorporation and By Laws Laws with the Hon. Rodolfo G. Valencia principal with the Hon. Rodolfo G. Valencia principal author of R. A. 9646 acting as principal witness in author of R. A. 9646 acting as principal witness in

the execution of the historic document.the execution of the historic document.

The Articles of Incorporation and By LawsThe Articles of Incorporation and By Laws

of theof the

Philippine Institute of Real Estate Philippine Institute of Real Estate ServiceService

Practitioners (PhilRES) IncorporatedPractitioners (PhilRES) Incorporated

was filed with the Securities and Exchange was filed with the Securities and Exchange Commission on 17 May 2010 and was duly Commission on 17 May 2010 and was duly

approved and registered on 19 May 2010 as a approved and registered on 19 May 2010 as a non-stock, non-profit professional association non-stock, non-profit professional association

with SEC Registration No. CN201007483with SEC Registration No. CN201007483 . .

On 20 May 2010 PhilRES formally filed for the On 20 May 2010 PhilRES formally filed for the recognition and accreditation by the Professional recognition and accreditation by the Professional Regulatory Board on Real Estate Service (PRBRES) as Regulatory Board on Real Estate Service (PRBRES) as the Accredited and Integrated Professional the Accredited and Integrated Professional Organization (AIPO) for the real estate service Organization (AIPO) for the real estate service pursuant to the provisions of Republic Act No. 9646 pursuant to the provisions of Republic Act No. 9646 (Real Estate Service Act of the Philippines), its (Real Estate Service Act of the Philippines), its Implementing Rules and Regulations, and Implementing Rules and Regulations, and Professional Regulation Commission Resolution No. Professional Regulation Commission Resolution No. 2004-178 Series of 2004.2004-178 Series of 2004.

Other petitioners who filed for recognition and Other petitioners who filed for recognition and accreditation as the AIPO for the real estate service accreditation as the AIPO for the real estate service profession include the Federation of Real Estate profession include the Federation of Real Estate Service Associations (FRESA) and REBAP, Service Associations (FRESA) and REBAP, Incorporated.Incorporated.

The Federation of Real Estate Service Associations The Federation of Real Estate Service Associations (FRESA) was only a “(FRESA) was only a “de facto”de facto” entity at the time of entity at the time of its application to be its application to be recognized as the “AIPO” for “AIPO” for the real estate service and at the time of its the real estate service and at the time of its appointment as the “Interim AIPO”appointment as the “Interim AIPO” for the real for the real estate service on 23 November 2009. This was a estate service on 23 November 2009. This was a clear violation of the provisions of PRC Res. 2004-clear violation of the provisions of PRC Res. 2004-178 as its Articles of Incorporation was only 178 as its Articles of Incorporation was only approved by the SEC only on 17 June 2010.approved by the SEC only on 17 June 2010.

The Founding Member Associations of FRESA are, The Founding Member Associations of FRESA are, PAREB, REBAP, NREA, IPREA, PARA, PARCS and PAREB, REBAP, NREA, IPREA, PARA, PARCS and NARPhil.NARPhil.

Only the Institute of Philippine Real Estate Only the Institute of Philippine Real Estate Consultants (IPREC), Inc. chose to formally support Consultants (IPREC), Inc. chose to formally support the creation of PhilRES as the AIPO for the real the creation of PhilRES as the AIPO for the real estate service. estate service.

On 25 May 2010, the Committee on Accredited On 25 May 2010, the Committee on Accredited Professional Organization of the Professional Professional Organization of the Professional

Regulatory Board on Real Estate Service Regulatory Board on Real Estate Service (PRBRES) chaired by the Hon. Bansan C. Choa, (PRBRES) chaired by the Hon. Bansan C. Choa, submitted its Report / Recommendation to the submitted its Report / Recommendation to the Chairman of the Professional Regulatory Board Chairman of the Professional Regulatory Board on Real Estate Service (PRBRES) and submitted on Real Estate Service (PRBRES) and submitted

to the Office of the Secretary, Professional to the Office of the Secretary, Professional Regulation Commission on 02 June 2010 Regulation Commission on 02 June 2010

recommending the recommending the

““deferment of the accreditation of the deferment of the accreditation of the PetitionerPetitioner until such time that the foregoing until such time that the foregoing

requirements requirements are complied with and proofs are complied with and proofs thereof are thereof are submitted to the Boardsubmitted to the Board““..

““deferment of the accreditation of deferment of the accreditation of the Petitionerthe Petitioner until such time that until such time that

the foregoing requirements are the foregoing requirements are complied with and proofs thereof are complied with and proofs thereof are

submitted to the Boardsubmitted to the Board””

On November 26, 2010 PhilRES submitted its On November 26, 2010 PhilRES submitted its restated and restated and URGENT PETITION to the URGENT PETITION to the

Professional Regulatory Board of Real Estate Professional Regulatory Board of Real Estate Service (PRBRES) to lift the order of Service (PRBRES) to lift the order of

deferment imposed upon PhilRES on the basis deferment imposed upon PhilRES on the basis of FULL COMPLIANCE by PhilRES to the of FULL COMPLIANCE by PhilRES to the

Recommendations of of the Committee on Recommendations of of the Committee on Accredited Professional Organization chaired Accredited Professional Organization chaired

by Hon. Bansan C. Choa.by Hon. Bansan C. Choa.

On November 29, 2010 after the Mass Oath Taking of On November 29, 2010 after the Mass Oath Taking of the First Real Estate Service Practitioners of the the First Real Estate Service Practitioners of the Philippines held at the Manila Hotel, many newly Philippines held at the Manila Hotel, many newly licensed real estate service practitioners formed the licensed real estate service practitioners formed the First Assembly of Licensed Real Estate Service First Assembly of Licensed Real Estate Service Practitioners of the Philippines in the exercise of their Practitioners of the Philippines in the exercise of their constitutional right to form associations and constitutional right to form associations and subsequently held their own nominations and elections subsequently held their own nominations and elections for the purpose of setting-up a professional organization. for the purpose of setting-up a professional organization.

However, due to a pre-conditional requirement to seek However, due to a pre-conditional requirement to seek the prior indorsement of PRBRES and PRC before the the prior indorsement of PRBRES and PRC before the SEC can accept new AIC’s and Amendments of any AICs SEC can accept new AIC’s and Amendments of any AICs and By Laws of Real Estate Service juridical entities as and By Laws of Real Estate Service juridical entities as per a MOA between SEC and the PRC, the First Assembly per a MOA between SEC and the PRC, the First Assembly of Licensed Real Estate Service Practitioners of the of Licensed Real Estate Service Practitioners of the Philippines failed to set-up its own professional Philippines failed to set-up its own professional organization. organization.

On January 20, 2011 the First Assembly of Licensed On January 20, 2011 the First Assembly of Licensed Real Estate Service Practitioners of the Philippines Real Estate Service Practitioners of the Philippines submitted its formal petition to PhilRES requesting submitted its formal petition to PhilRES requesting that it be recognized, absorbed and assimilated into that it be recognized, absorbed and assimilated into PhilRES PhilRES en totoen toto as regular members and at the as regular members and at the same time petitioning that new elections be held to same time petitioning that new elections be held to reorganize the National Board of Trustees of PhilRES reorganize the National Board of Trustees of PhilRES pursuant to its publicly declared policies to “Act as a pursuant to its publicly declared policies to “Act as a Transitory Caretaker Board of Trustees” until such Transitory Caretaker Board of Trustees” until such time that the First Regular National Convention, time that the First Regular National Convention, Nomination and Elections of ALL licensed real estate Nomination and Elections of ALL licensed real estate practitioners can be held in September 2011.practitioners can be held in September 2011.

The PhilRES Transitory Caretaker National Board of The PhilRES Transitory Caretaker National Board of Trustees finding the petition of the First Assembly of Trustees finding the petition of the First Assembly of Licensed Real Estate Service Practitioners of the Licensed Real Estate Service Practitioners of the Philippines to be in order, meritorious and in keeping Philippines to be in order, meritorious and in keeping with its corporate principles to protect and serve the with its corporate principles to protect and serve the interests of the real estate industry at large, interests of the real estate industry at large, approved unanimously to recognize, absorb and approved unanimously to recognize, absorb and assimilate into PhilRES assimilate into PhilRES en totoen toto all its members and all its members and call for a reorganization of the National Board of call for a reorganization of the National Board of Trustees of PhilRES to be held on January 26, 2011 to Trustees of PhilRES to be held on January 26, 2011 to be held at the Phaltra National Office, 139 Matahimik, be held at the Phaltra National Office, 139 Matahimik, UP Village, Q. C. pursuant to its publicly declared UP Village, Q. C. pursuant to its publicly declared policies to “Act as a Transitory Caretaker Board of policies to “Act as a Transitory Caretaker Board of Trustees” until such time that the First Regular Trustees” until such time that the First Regular National Convention, Nomination and Elections of ALL National Convention, Nomination and Elections of ALL licensed real estate practitioners be held in licensed real estate practitioners be held in September 2011.September 2011.

On January 26, 2011 PhilRES held a Special On January 26, 2011 PhilRES held a Special Meeting and Elections at 139 Matahimik, UP Meeting and Elections at 139 Matahimik, UP Village, Q. C. to reorganize its National Board of Village, Q. C. to reorganize its National Board of Trustees in view of the approved Board Resolution Trustees in view of the approved Board Resolution in response to the petition of the First Assembly of in response to the petition of the First Assembly of Licensed Real Estate Service Practitioners of the Licensed Real Estate Service Practitioners of the Philippines and elected the following National Philippines and elected the following National Trustees and Officers of PhilRES and “Act as a Trustees and Officers of PhilRES and “Act as a Transitory Caretaker Board of Trustees” until such Transitory Caretaker Board of Trustees” until such time that the First Regular National Convention, time that the First Regular National Convention, Nomination and Elections of ALL licensed real Nomination and Elections of ALL licensed real estate practitioners be held in September 2011.estate practitioners be held in September 2011.

PhilRES Transitory Caretaker National Board of Trustees 2011PhilRES Transitory Caretaker National Board of Trustees 2011

ChairpersonChairperson Pilar T. BanaagPilar T. BanaagVice ChairmanVice Chairman Mario BadilloMario BadilloPresidentPresident Gener SisonGener SisonExecutive Vice PresidentExecutive Vice President Emily Q. DuterteEmily Q. DuterteVP for ConsultantsVP for Consultants Enrico Melchor G. Enrico Melchor G.

SevillaSevillaVP for Appraisers VP for Appraisers Albert MercadoAlbert MercadoVP for BrokersVP for Brokers Abundio Gultiano, Jr.Abundio Gultiano, Jr.VP for Government AssessorsVP for Government Assessors Mario MagcalasMario MagcalasVP for Government AppraisersVP for Government Appraisers Oscar GalipotOscar GalipotVP for AdministrationVP for AdministrationVP for Finance and InvestmentsVP for Finance and Investments Julius TopacioJulius TopacioVP for Internal AuditVP for Internal Audit Carolina AlvarezCarolina AlvarezVP for MembershipVP for Membership Amelita E. SarmientoAmelita E. SarmientoVP for Chapter Dev.and Chapter AffairsVP for Chapter Dev.and Chapter Affairs Remigio RamirezRemigio RamirezVP for AcademeVP for Academe Evangeline M. De JesusEvangeline M. De JesusTreasurerTreasurer Ma. Teresita B. CanlasMa. Teresita B. CanlasCorporate SecretaryCorporate Secretary Josefina D. MagumciaJosefina D. MagumciaTrustees-At-LargeTrustees-At-Large Florentino Dulalia, Jr.Florentino Dulalia, Jr.

Lito CaballeroLito CaballeroNelson ParreñoNelson ParreñoNestor QuiambaoNestor QuiambaoMarissa MagsinoMarissa Magsino

(Transitory Caretaker national Board of Trustees)(Transitory Caretaker national Board of Trustees)(as of 28 April 2011)(as of 28 April 2011)

On January 28, 2011 the Professional On January 28, 2011 the Professional Regulatory Board of Real Estate Regulatory Board of Real Estate

Service (PRBRES) officially commenced Service (PRBRES) officially commenced to process PhilRES’ petition to be to process PhilRES’ petition to be accredited as the AIPO for the real accredited as the AIPO for the real

estate service under the PRC.estate service under the PRC.

OOfficial representatives of both PhilRES and representatives of both PhilRES and FRESA verbally agreed to and forged “A FRESA verbally agreed to and forged “A Gentleman’s Agreement” to respect and Gentleman’s Agreement” to respect and

recognize the PRBRES’ choice to officially recognize the PRBRES’ choice to officially recommend to the Professional Regulation recommend to the Professional Regulation

Commission to be recognized and Commission to be recognized and accredited as the AIPO for the real estate accredited as the AIPO for the real estate

service under the PRC.service under the PRC.

As sincere and respectable professionals, this As sincere and respectable professionals, this bound PhilRES and all of FRESA’s founding bound PhilRES and all of FRESA’s founding member associations to honor and uphold member associations to honor and uphold all commitments and agreements entered all commitments and agreements entered

into the “Gentleman’s Agreement”.into the “Gentleman’s Agreement”.

On August 5, 2011 the Professional On August 5, 2011 the Professional Regulatory Board of Real Estate Service Regulatory Board of Real Estate Service (PRBRES) officially recommended to the (PRBRES) officially recommended to the

Professional Regulation Commission Professional Regulation Commission PhilRES’ petition to be recognized and PhilRES’ petition to be recognized and

accredited as the AIPO for the real estate accredited as the AIPO for the real estate service under the PRC.service under the PRC.

On October 21, 2011 the Professional On October 21, 2011 the Professional Regulation Commission officially approved the Regulation Commission officially approved the recommendation of the Professional Regulatory recommendation of the Professional Regulatory Board of Real Estate Service (PRBRES) for the Board of Real Estate Service (PRBRES) for the

recognition of and accreditation of the recognition of and accreditation of the Philippine Institute of Real Estate Service Philippine Institute of Real Estate Service Practitioners (PhilRES) Incorporated to be Practitioners (PhilRES) Incorporated to be

accredited as the Accredited and Integrated accredited as the Accredited and Integrated Professional Organization (AIPO) for the real Professional Organization (AIPO) for the real

estate service pursuant to PRC Resolution No. estate service pursuant to PRC Resolution No. 19 Series of 2011.19 Series of 2011.

PRC Resolution No. 19 Series of 2011 was PRC Resolution No. 19 Series of 2011 was published on November 14, 2011 in the Official published on November 14, 2011 in the Official

Gazette and became effective fifteen (15) Gazette and became effective fifteen (15) calendar days after its publication.calendar days after its publication.

PRC Resolution No. 19 Series of 2011 was PRC Resolution No. 19 Series of 2011 was published on November 14, 2011 in the published on November 14, 2011 in the Official Gazette and became effective on Official Gazette and became effective on 29 November 2011 or 558 days from 20 29 November 2011 or 558 days from 20

May 2010May 2010

OrOr

1 year, 6 months and 25 days after 1 year, 6 months and 25 days after PhilRES first submitted its original PhilRES first submitted its original

application for accreditation on 20 May application for accreditation on 20 May 2010.2010.

On 29 November 2014, PhilRES accreditation as the On 29 November 2014, PhilRES accreditation as the AIPO for the real estate service expired pursuant to AIPO for the real estate service expired pursuant to

the provisions of PRC Res. 2004-178. the provisions of PRC Res. 2004-178.

Prior to the expiration of its accreditation as the Prior to the expiration of its accreditation as the AIPO for the real estate service, PhilRES dutifully AIPO for the real estate service, PhilRES dutifully

submitted its petition and application for renewal as submitted its petition and application for renewal as the AIPO for the real estate service in compliance to the AIPO for the real estate service in compliance to

the provisions of PRC Res. 2004-178. the provisions of PRC Res. 2004-178.

In the absence of any TRO or injunction or final In the absence of any TRO or injunction or final judgement for its dis-accreditation as the AIPO for judgement for its dis-accreditation as the AIPO for

the real estate service, PhilRES and its general the real estate service, PhilRES and its general membership collectively expects the ministerial and membership collectively expects the ministerial and automatic renewal of its official status as the AIPO automatic renewal of its official status as the AIPO

for the real estate service in compliance to the for the real estate service in compliance to the provisions of PRC Res. 2004-178. provisions of PRC Res. 2004-178.

To date, PhilRES boasts of a membership base of To date, PhilRES boasts of a membership base of more than 9,850, “Fully Law Compliant (RA 8981 more than 9,850, “Fully Law Compliant (RA 8981 compliant and RA9646 compliant)” paid members compliant and RA9646 compliant)” paid members in Good Standing spread over more than 52 Local in Good Standing spread over more than 52 Local

Chapters nationwide.Chapters nationwide.

The collective primordial legal rights and The collective primordial legal rights and interestsinterests

of all PhilRES Members In Good Standingof all PhilRES Members In Good Standingare fully protectedare fully protected

under the laws of the Republic of the under the laws of the Republic of the PhilippinesPhilippines..

AFFIRMATIVE DECLARATIONAFFIRMATIVE DECLARATION

ofof

FULL COMPLIANCE & CAPABILITYFULL COMPLIANCE & CAPABILITY

PhilRES respectfully manifests and humbly PhilRES respectfully manifests and humbly submit that it is indubitably, generally and submit that it is indubitably, generally and

essentially representative of the real essentially representative of the real estate industry and has already fully estate industry and has already fully

complied with all the necessary complied with all the necessary requirements to be recognized and requirements to be recognized and

accredited as an Accredited and accredited as an Accredited and Integrated Professional Organization Integrated Professional Organization

(AIPO) as required by and pursuant to all (AIPO) as required by and pursuant to all applicable existing Laws, Implementing applicable existing Laws, Implementing

Rules and Regulations and PRC Rules and Regulations and PRC Resolutions.Resolutions.

The steps and procedures that PhilRES has The steps and procedures that PhilRES has undertaken to be recognized and accredited undertaken to be recognized and accredited

as the sole Accredited and Integrated as the sole Accredited and Integrated Professional Organization (AIPO) Professional Organization (AIPO) representing ALL the real estate representing ALL the real estate

professionals under the supervision and professionals under the supervision and control of the Professional Regulatory Board control of the Professional Regulatory Board of Real Estate Service Board (PRBRES) and of Real Estate Service Board (PRBRES) and

the Professional Regulation Commission the Professional Regulation Commission (PRC) are consistent with prevailing law and (PRC) are consistent with prevailing law and

jurisprudence. jurisprudence.

PhilRES possesses the national PhilRES possesses the national organizational structure, capabilities and organizational structure, capabilities and

roster of very respected, esteemed, roster of very respected, esteemed, capable and eminent leaders to capable and eminent leaders to

successfully function and operate as the successfully function and operate as the sole Accredited Integrated Professional sole Accredited Integrated Professional Organization for the Real Estate Service Organization for the Real Estate Service

Practitioners of the Philippines.Practitioners of the Philippines.