On December 16, 2024, the Philippine Senate and House passed amendments to the Investors Lease Act, proposing a 99-year lease for foreign investors, replacing the original 50-year term. This change prompts concerns about constitutional violations regarding foreign land ownership. Civil society warns that such long leases could effectively bypass land ownership restrictions. Key amendments require registration of lease contracts, proof of investment, and conditions ensuring that social and economic contributions are made.
Tag Archives: licensed real estate brokers
Reminders as 2024 Rolls In
The post emphasizes the importance of regulatory compliances for real estate service professionals, including the need for Professional Tax Receipts, BIR registration renewal, and DHSUD accreditation. Atty. Jojo, a real estate attorney and broker, urges practitioners to adhere to these requirements to maintain legal compliance and professional identity in the industry.
Strengthening Online Compliance: Can the New Internet Transactions Act End Colorum Practice?
The article discusses the impact of Republic Act No. 11967, also known as the Internet Transactions Act of 2023, on online real estate transactions in the Philippines. The law aims to protect consumers and merchants engaged in internet transactions, and it establishes regulations for electronic commerce and online advertising. The article urges licensed real estate practitioners to support the implementation of the law and addresses the importance of providing accurate information in online real estate marketing.
7 Steps to Start a Successful Real Estate Brokerage in the Philippines
To succeed in the real estate service sector in the Philippines, aspiring entrepreneurs must be persistent, passionate, and prepared to navigate regulatory and operational challenges. This article provides a roadmap for establishing a successful brokerage by following 7 steps.
What is The Best Way to Set Up a Home Office For A Real Estate Broker?
Licensed real estate brokers should have an office. However, a home office is often most advantageous to real estate brokers because we are still compliant with RESA, have minimal overhead costs, and have no commute time to work. To make a home office set up work, real estate brokers need to step up a schedule and stick to it, establish a routine, create a work space at home, and take advantage of tax benefits.
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