Brokers

Application for Registration of NCR-Based Real Estate Brokers and Salesmen

Download Application Form

• 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 engaged 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.
   • During peak season (January-March), fifteen (15) working days
   • During off-season (April-onwards), one (1) week from filing

• REQUIREMENTS:

• 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:

• 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.