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Zareb and Zaresa in bowling clash

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The Zamboanga Real Estate Board, or Zareb, and the Zamboanga Real Estate Salesmen Association, or Zaresa, will hold an inter-member bowling competition at Tebi & Sean Bowling Lanes this coming Saturday, June 8, 2013.

Zareb’s President Rogelio G. Larracochea is calling on all members of the two professional groups to join the sports competition in the spirit of camaraderie and fellowship.

Handling the affair is the chairman of the sports committee, Engr. Virgilio L. Ancheta, and Zareb Vice President and Director Incharge, Cirio B. Probadora. They are assisted by Mr. Sidney P. Bael of the Membership and Professional Development, and Mr. Cani P. Catbangan of the Ways and Means.

Zareb, a member of the Philippine Association of Real Estate Boards (Pareb), is an organization of PRC licensed real estate brokers and appraisers in Zamboanga peninsula. The present officers of Zareb are: President - Rogelio G. Larracochea, Vice President- Cirio B. Probadora, Treasurer-Jesus M. Yting, Secretary - Engr. Belen A. Sapalleda, Auditor - Ma. Victoria M. Go, PIO – Rosemarie T. Napao, and Director Ex-Officio - Meinrado L. Pantaleon.

On the other hand, Zaresa is an association of PRC Accredited Real Estate Salesmen which is operating under the umbrella of Zareb. The present officers are: President-Bernard S. Quilos, Vice-President-Christian Benedict B. Muta, Treasurer-Maria Y. Melindo, Secretary-Juanita A. Yu, Auditor-Florencia A. Ancheta, PIO-James O. Alvarez, Business Manager- Feliciano M. Nazareth, IPP Director- Alexander R. Bernardez. Directors - Ronaldo A. Obenza (Chairman) and Paulina A. Lapitan.

By virtue of Republic Act No. 9646, otherwise known as the RESA Law, which took effect on July 15, 2009, the practice of Real Estate Service was elevated to a professional level after recognizing the vital role the practitioners play in the social, political, and economic development and progress of our country. Real Estate Practitioners are responsible in promoting the real estate market, stimulating economic activity and enhancing the income of the government from the real property-based transactions.

The RESA Law requires that all real estate service practitioners must have the corresponding license issued by the Professional Regulatory Commission (PRC) to legally practice the profession. Accordingly, no person shall practice or offer to practice real estate service in the Philippines or offer himself/herself as real estate practitioner or use the title, word, letter, figure or any sign tending to convey the impression that one is a real estate service practitioner, or advertise or indicate in any manner whatsoever that one is qualified to practice the profession or be appointed as a real estate property appraiser or assessor in any national government entity or local government unit, unless he/she has satisfactorily passed the licensure examination given by the Professional Regulatory Board of Real Estate Service (PRBRES). This Board is under the supervision and administrative control of PRC.

The penalty for violating the RESA Law is fine of not less than P100, 000 or imprisonment of not less than 2 years, or both. In case the violation is committed by an unlicensed real estate service practitioner, the penalty shall be double the aforesaid fine and imprisonment.

Some universities and colleges are now offering the course for Bachelor of Science in Real Estate Management.  In the meantime that there are no graduates yet, the RESA Law allows any person who is a holder of a college degree to take the PRC examination for Real Estate Broker or Real Estate Appraiser by merely attending a seminar conducted by an accredited association such as Zareb. This is an opportunity for those unlicensed brokers to legitimize their practices/activities.

For salesperson, to be able to apply for accreditation with the PRC, he/she must have finished second year college or earned the equivalent of 72 units, and must have undergone training and seminars in real estate brokerage.  A salesperson is under the direct supervision and accountability of a real estate broker. Press Release from RG Larracochea




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