1. No category

Rcp|lbuc ot rhr
Phllppin.i
Oficc of the President
Housins and Urban Development Coordinating Council
HOUSING AI{D LAND USE R.EGULATORY BOARI)
HLURB MEMORATTDUIT CIRCULAR 1{O.
Series of 2015 ( eereru rq
2015)
,
_W
TO
:
ALL CONCERTIED
FROlrl
:
THE COMMISSIOT{ERA]ID CHIEF EXECUTN'E OFFICER
SUB'ECT
:
DATORY Al{D SUPPLE IIETIITAI GUIDELIII ES ()1{
BOARD RESTOTUTTOT{ NO. 922, SERTES OF 2O1+ OR
AIII
E 1I
THE .REVISED I}IPLEIIIENTII{G RULES
A]{D
REGUI.ATIO]IS TO GOVERN DEALERS, BROKERS Al{D
SALESMET{ OF SUBDIVISIOT{ AND CONDOMI]IIUM
PROJECTS U]{DER PRESIDET|TIAL DECREE NO. 957'
OTHERWISE K]IOWN AS THE 'SI'BDTVISION AIID
CONDOI'|il{IUll BUYERS' PROTECTM DECREE' AND
ALL OTHER PROTECTS REQUTRED BY LAW TO BE
REGISTERED WITH THE HOUSITIG AND LAI{D USE
REGUIATORY BOARD
to
Section 14 of the Housing and Land Use Regulatory Board
(HLURB) Resolution No. 922, Series of 2014, or the 'Revised Implemenung
iubs 6nd Regulagons to Govem Dealers, Brokers And Salesmen of
Subdivision and Condonrinium Projects Under Presidential Decree No' 957
(P.D. No. 957) Otherwise Known as the 'suMivision and c.ondominium
iluyers' Protective Decree" And All Ottrer Proiects Required By_Law To Be
nelftereO With The Housing and Land Use Regulatory bard", this
nmenaatory and Supplemental Guideline is hereby issued.
Pursuant
Page 1
of 12
fut'^-
Rule
I
AMENDMENTS TO iIEMORANDUM
crRcut-AR lro. 02, SERIES OF 2015
Section 1. Exemfion of Single Propriebrchip From Registration.
1.1 Section 4.L4 of Memorandum Orcular No. 02, Series of 2015 (M.C. No. 02
s. of 2015) which provides for the definition of "Person" and rcads:
"Person" refers to a natural or juridical person. A juridical
person refers to any business firm such as a corporation,
partnership, cooperative
associaUon,
single
proprietorchip."
or a
or
is hereby amended to read:
"Person" refers to a nafural or juridical person. A juridical
person refers to any business firm such as a corporaUon,
parhership, cooperative or association."
1.2. Section 7 of M.C. No. 02, s. of 2015 which reads:
"Regisffation of Business Firms. Any business firm, whether
a corporation, paftnership, cooperative or association, or
single proprietorship, shall first register with the HLURB in
accordance with $e rules and guidelines herein provided
before it can engage in the practice of real estate service with
any project."
is hereby amended to read:
"Registration of Business Firms. Any business firm, whether
a corporation, palttership, cooperative or association shall
first register with the HLURB in accordance with the rules and
guidelines herein provided before
can engage in the
practice of real estate servhe with any project."
it
Pursuant hereto, a single proprietorship is not anymore required to register
such single
with the HLURB, provided howerrer that the owner
proprietorship who is engaged in the practice of real estate service with
respect to any project shall first register with the HLURB.
of
Page 2 of 13
W'
Section 2. Place of Registration.
2.1 Section 10 of M.C. No. 02, s. of 2015 which reads:
for
Registration. All dealers, licensed brokers and
accredited salespersons who shall engage in the practice of real
estate service with any project shall register with the Regional
Field ffice which has jurisdiction over the region where the
applicant rcsides or where his office is located by submitting the
following:
x"
"Application
is hereby amended to read:
'Application fior RegistraUon. All dealers, licensed brokers and
accredited salespersons who shall engage in the practice of real
estate seruice with any project shall register with any Regional
Field Office of the HLURB by submitting the following:
xt'
2.2. Section 12 of M.C. No. 02, s. of 2015 which rcads:
for Registration of Business Firms. All business
firms, whether a corpoftrtion, partnership, cooperative or
association, or single proprietorship, that shall engage in the
'Application
practice of real estate service with any project shall register with
the Regional Field ffice which has jurisdiction over the region
where the applicant's principal office is located by submitting
the bllowing:
is hereby amended to read:
"Application
for
firmq whether
Registration
a
of
Business
Firms. All
business
corporation, paftnership, cooperaUve or
association that shall engage in the practice of real estate
seruice with any pncject shall register with any Regional Field
Ofiftce by submitting the following:
xt'
Pursuant hereb, dealers, brokers, salespersons and business firms may apply
for registration with any RFO of the HLURB.
Page 3
of 13
il'tqJ'-
Secdon 3. $rbmissbn of the PRC/PRBRES-Issued Officiat Reeipt or
Claim Stub.
3.1 Section 10.2 M.C. No. 02 s. of 2015 enurnerates the
required
documentary submissions for the registraUon of brokers. Section 10.2.3
thereof which reads:
*Photocopies
of the PRC-issued Certificate of Regisfration and
rralid PRC-Issued Accreditation Card showing both front and
back fae, with the originals thereof for comparison as faithful
reproduction, or any otspr sr.rfficient prmf of such liensure;"
is hereby amended to read:
"Photocopies of the PRC-issued Certificate of Registration and
tfre valid PRC-Issued AarcditaUon C,ard sfrowing both front ard
back fiaceg with the originals thereof for comparison as faithful
reprcduction, or in the absene thereof, any other proof of
registraUon or licensure, or of having applied for registration or
licensure such as the PRC/PRBRES-issued fficial Receipt or
PRgPR.BRE$issued claim stub;"
3.2 Section 10.3 of M.C. No. 02 s. of 2015 enumerates the
required
documentary submissions for the accrcditation of salespersons. Section
10.3.3 thereof which reads:
"Phorbcopies of the PRC-issued Certiftcirte of Registftttion and
of valid PRC-Issued AcredibUon Card showing both front and
back faces, with the or'rginals thereof for comparison as faithful
sudt
reproduction,
any other sufficient prcof
accrcditation;"
or
of
is hereby amended to read:
*Photocopies of the PRC-issued Cefificate of RegistraUon and
the valid PRC-Issued Accreditation Card showing both front and
back fiaces, with the originals thereof for omparison as hithful
reproduction, or in the absene thereof, any other proof of
accreditation, or of having applied for
regisffiation or accreditation such as Ure PRgPRBRE$issued
Official Receipt or PRC/PRBRESissued claim stub;'
registration
or
Pursuant hereto, all Regional Freld ffices (RFO) shall henceforth accept
applicaUon fior registration of brokers and salespersons upon submission of
any of the enumerated documenbry requirements under Sections 10.2.3 and
10.3.3, as amended, along with the rest of the requirements respectively
provided under Sections 10. 2 and 10.3 of M.C. No. 02, s. of 2015.
Section 4. Submission of the Offrcial Reeipt Issued by ilre Surcty
Company. Sections 10.1.4, 10.2.4 and 10.3.4 which plovide for the
submission of the bond or secudty for the registation of dealers, brokers and
salespersons and which similarly read:
"Photo@py of the bond or security, wiBr the original thereof for
comparison as faithful prcduction;"
is hereby amended to read:
"Phob@pies of the bond or security and of the official receipt
issued by the surety company, with the originals thereof for
comparison as faithfu I reproducton;
"
Submission of t|le HLURB-Issu€d Offici'il Reoeipt
Evidencing Payment of Registntion Fee. Sections 10.1.5, 10.2.5, and
Section
5.
10.3.6 of M.C. No. 02, s. of 2015 which all simihrly rcad:
"Photocopies of the official receipt widencing payment
registration fee."
are all hereby similarly amended
b
of
the
read:
"Photocopies of the HLURFissued official receipt evidencing
payment of the registration fee."
Section 6. Reuised l€tter of Engngement or Employment. Disdosure
of the projects with which the applying salesman is authorized to practice real
*D" of
estate senice shall not anymone be required. Rrrsuant hereto, Annex
Memorandum Circular No. 02, s. of 2015, or the pro-forma copy of the
"salesman's Letter of Engagement/Employment'is hereby amended. A proforma copy of the "Rerrised Salegnan's Letter of Engagement / Employrent'
is hereto attached as Anno< "A".
5of13
fr*'
Rule
II
Supplemental Guidelines
Section 7. Surety Bond. The surety bond shall be executed in favor of the
HLURB as the OblBee therein. The dealer, broker, salesman, or business firm
applying for registration as the Principal, and the bonding company, as the
Surcty, shall joindy and severally hold and bind themselves b indemniff ttre
Obligee in the event of hilure on the part of the principal to fully ard fraithfully
comply with the terms and conditbns of the registration. A pro.forma copy of
the surety bond is hereb attached as Annex oB".
Secdon 8. Cash Bond. Cash bond shall be accepted as a security in lieu of
surcty bond and the same shall rcmain effective and deemed reposted every
subsequent renewal of the registraUon unless otherwise revoked or forfeited
in acordance with Board Resolution No. 922, s. of 2014 and M.C. No. 02, s.
of 2015, or requested to be wihdrawn by the registrant.
Any
applicant posting a cash bond shall o(ecute and submit an underbking
under oath, staUng that the cash bond posted is conditioned upon the
applicanfs faithful compliance with the provisions of Section 12 of Presidential
Decee No. 957 and that the same may be forfeited in accordance with
Section 16 of M.C. No. 02, s. of 2015. Pruforma opies of the Deed of
Undertaking for dealers, brckers, salespersons and business firms are hereto
attached as Annexes "C" and oD".
Section 9. Withdrawal of Cash Bond. Cash bond may only be withdrawn
upon written request of the rcgisUant and posting of a new botd or
acceptable security in substitutlcn of the cash bond or upon submission of
intent that the applicant shall no longer renew the registration and shall cease
to engage in the practice of real estate service. In any case, withdnwal of
cash bond shall be subject to such applicable govemment requirements and
approved procedure for release of cash bond. A pro-fiorma copy of the
Request for Wthdrawal of Cash Bond is her$ attached as Annex "E".
Section 1O. Rensyal of RegisuaUon. All registered dealers, brokers,
salesrnen and business firms timely renewing their registraUon during the
month of November strall only be requircd to submit the fiollowing:
10.1 Application for Renewal of Regisffiation;
tO.2 Photocopy of the apdkanfs latest HLURB-issued
ceftificate of registration or HLURB-issued official
reaeipt evidencirq payment of last registration fee;
10.3
The HLURB-issued identification card for updating;
10.4 "Photocopies of the bond or security and of tfre official receipt
issued by the surety @mpany. wlth the originals thereof for
comparison as faithful reproduction, or the official reeipt for
the cash bond deposited and the undertaking under oath;-
10.5 Phobcopy of fte
evidencing payment of
HLURB-issued O,fftcial Receipt
tfe renewal of registration fee.
All applications for renewal of registration shall be filed with the RFO where
the original registration was filed.
ll.
Suhnission of Specimen Signatrres. For purposes of
issuance or replacernent of the identification card, all dealers, brokers and
safespersons shall, in addition
the tnro (2) coptes oJ 2 x 2 color photo,
submit on a clean sheet of paper, three (3) spcimen signatures subscribed
1.5 inches apart, with the full name of the dealer, broker or salesperson
printed once and in upper case at the botbm of the page.
Section
b
Section 12. Unifiorm l{umbering of Certificab of Registration. A
uniform numbering of the certificate of registration shall be observed by all
RFOs issuing
the same, fiollowing the fiormat herein provided:
RFO
-
A'B,G or D
- MlrUYR - PRll
where *RFO" stands fur the HLURB Regional Field ffice issuing the certificate
of regisffation; "A" for mlespersons,'Bo for brokers, "C" for "business firm"
*D" for dealets,
such mrporaUon, partnership, association or ooperaWe, or
whichever is applicable; "MM/YR" for the month and year of issuance of the
certificate of regisffation; and "PRN' for the permanent registration number
of the dealer, broker, salesperson or busirress firm. For o<ample:
rfcRFo
-A-|'4lts -oo1
where "NCRFO" stands for 'tNational Capital Region Field ffice", "A" for
safespersons, ^0F.lLs' fior April, 2015, and '001" the permanent registraUon
number assigned to the registered salesperson.
Srynilfty
d
GlilEG. The pro*ions
thls GuHelines are
hereby declarcd separable, and in the event that any provisbn trerein is
dedared null ard \oid, Ete valldity of all odpr prwisions shall not be affected
Ssction 13.
Ureteby.
Sccdon
1+ mctmty
GNruce. This Guidines shall take €fiect
imrnediably.
Page
t
of 13
Ail]IEX A
REVISED SAI...ESPERSOII'S I"ETIER,
oF EltGAGElrEt{T
PrrsualttoSedins U
as
inplenrerfrd
fte negfxC0trcel
RegaorC FCd
bU
ild
/
EHPLOYHEI|T
Ulof Fe$dential Deo€etlo.9:tZ
Bmtd Resolutin 1lo, 922, Sed€s of 2()f4
(ffie
ttouirg ard lrnd Usenegubbrt Boad
RFO Address
nis b b ertift
and b efioftcd bt
eogEgp in the practie dteal estabserrice
EEll@
Is$ed
h6
Pr-lrd
EFe@-[
a a salesOetsn.
2O_h
dfs-dayd
been
,
hcldSgn*rl
Ocr:gn*in
fhcof fficC,Eusnnsrdfics
Page 9
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fu"P
ANlIfl
B
SUR,ETY H)TID
(PRO-riORr )
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r
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ht bu b be n$tcred rill fu
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obFoeq
bood is bche Docfrd nrsur* b sefic ff ard f:l of
Pr'.!$HiC tc.rce ilo. !t57, hom c'Ile $-firls5o and ffifint
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perfom cadt and dert onfrroq coyenett rd arc€mentsetfrrft and ildd
hth
brm d @dilirc of tle rcglrtcEin rft tlE Oblgre tD dr€ tue iffi ald s-tg
dE €d, tln ottgtron of dEsntt Crd be trand Fad; qncrrisq UeoDBfrond
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Page 10
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IDEED OF
I.TDCRTAr|XG
D..tG. !E t57'
l:nrr r Srcrir ll d Mhrfldl
r b&*a trDred Brrhirlsr tgSrrh.r2|l.l
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fu
bc-p
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lcOC
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dE bu, |retcDt steE
dE
L fbt I n effi br qFHio 6 a @uil|t
lbuirg ild Lod Use Ragdturt 8o.d (1anf8), Fr$E* b Eord Rcsolulin
llo. gZL s d 2ll1{ and llelwandn clt|lb ilo. OZ sctb of 2015, r
amde4
d
orc-arc ufft dE n!|Fffiiat
poctlro a bond
c aeFDle
reC-cncnt
I hcreDy agFe b &9d 6 dt bond c srt' the gr of
(r-l,
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mt faffil orptam rdr Sedin ljf dPrcsilafid lte.rle 1|o. 957, dgrb
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2. In
seo[i]y,
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brfE ild @oduo|ls of ryttgftffiias porided ||rdel loerd R.sdtit.l ilo.
922 s of 2o1{ ard llemrrrdrn Ofufu ilo. o?, sies of 2oilt, is irded.
3. I
ft wIfEsS UtBEff, I lsqm ft
AJ d
nt ign*r€ Uis
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Page 11
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AXXEX D
DEED OF IHDERTAr|XG
brr
r Sccrhr ll rd l! Jhrdrrill lhrrrc Nr f5t'
Nr tl S!f...f2aH
r iql|r*f
ly Errd trlhir
fthq
addrcdlth
law'
of l€d 49, uilr l€*ktr
, fu
herebt*:
bcane
*
*anr h
2 Th* I { drf' adnrtsl b exmfr tie 5orcq*tg Dccd of tfideilaf-r
ild b bil J!ilIEdgEhS-EEIL udr dEbrasrd oodtimof
thefu€q-rotrrdcrtaEE;
3.
glriq! frr FglsFci|rn ca hrs-E
h th rdb of reC cfre scrrie rrfi foi.S rccicl
tv lil to be n$rbled rtfi dE llrn4 D|rilant b tmd Rcsofurin
l{F,- 94 s. d 20L ad lhoranfin cbod.. 1lo. 04 serb d 2015, 6
ansdcd;
flEt lllC.d.EIE@Lis
fn
eqgaged
Ih* h @U*re uil fte rcgtstrcio l€qdEil€atof DGlilg a bond or
hcret' ors and
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urdefdes b dcgd s dr bond c $orrt dn srr of fWglTY
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ry sagn*re dls
-
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Page 12
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fu,tJ'-
AilltEX
E
LETTER OF WTIEDRAWAL
OFCASEBOITD
hrmr to Scctirs ll ri Il dfirilatid Dccnc No.l|l7,
s ialuad by Band Rrs&ir llo, f!2, Srrirs d20l{
IfeReqixrdffiel
to|lrlE
ResaqElFaeldft
and lard llse neodatory
RFO Addrcss
Sord
Tlfs is b rtqu€st wf,ft&ad ddre
rcSituEd hlrircss frtn) tnfu
is be-rg
lcquesd
by
rwt
oft
cdt bood po{*ed b,y the udenglrcd / lre of
lt ltP amrt d
(P
). ThedtffidthecaCr bod
rift theffi
t I gtOUinthercof
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I I c-afiq|ftom p|la.tie drcalecbb*r*rfherdgg$tcdnGgidrd
ffi
c A$ortud ncgc*flir d h Orir:sr F-n
Dq*1ltrcr
lbnddnlssd
lrsA=s
nr
H.ftnERG{irElim*
Page 13
of 13