Podcast
Questions and Answers
What is the legal definition of a real estate consultant as per the Real Estate Service Act of the Philippines?
What is the legal definition of a real estate consultant as per the Real Estate Service Act of the Philippines?
- A person who offers professional advice on land acquisition and development for a fee (correct)
- Someone who provides guidance on real estate matters without a fee
- A qualified professional who provides subjective advice on real estate matters
- An individual who offers services related to real estate projects without compensation
What are the characteristics of professional real estate consulting, as mentioned in the text?
What are the characteristics of professional real estate consulting, as mentioned in the text?
- Written report with reasoning for an agreed fee (correct)
- Oral advice with no written documentation
- Consultation without agreed fee
- Subjective advice without reasoning
According to the text, what does real estate consulting generally involve?
According to the text, what does real estate consulting generally involve?
- Offering unqualified advice without a code of ethics
- Delimiting advice based on the consultant's interests
- Providing biased advice for a fee
- Giving competent and objective advice on real estate matters for a fee (correct)
What type of advice does consultancy provide, according to the text?
What type of advice does consultancy provide, according to the text?
What type of professionals are eligible to provide real estate consulting services, based on the text?
What type of professionals are eligible to provide real estate consulting services, based on the text?
What does the provision of competent and objective advice in real estate consulting involve?
What does the provision of competent and objective advice in real estate consulting involve?
What is a requirement to be admitted to the licensure examination for real estate consultant?
What is a requirement to be admitted to the licensure examination for real estate consultant?
According to the text, which organization recommended the syllabus outline for the real estate consultant's comprehensive course?
According to the text, which organization recommended the syllabus outline for the real estate consultant's comprehensive course?
What is considered as a necessary consequence of professional practice for real estate consultants?
What is considered as a necessary consequence of professional practice for real estate consultants?
What is the role of PARCS in relation to standards of professional practice for real estate consultants?
What is the role of PARCS in relation to standards of professional practice for real estate consultants?
What is a qualification for taking the licensure examination for real estate consultant according to the text?
What is a qualification for taking the licensure examination for real estate consultant according to the text?
What must an applicant show proof of, in order to be admitted to the licensure examination for real estate consultant?
What must an applicant show proof of, in order to be admitted to the licensure examination for real estate consultant?
What organization has prescribed a syllabus for consulting service practice based on the outline recommended by Realtor Domingo D. de Vera?
What organization has prescribed a syllabus for consulting service practice based on the outline recommended by Realtor Domingo D. de Vera?
What did The Philippine Association of Realty Consultants & Specialists, Inc. (PARCS) submit to PRBRES for implementation?
What did The Philippine Association of Realty Consultants & Specialists, Inc. (PARCS) submit to PRBRES for implementation?
What does an applicant need to establish at the time of filing his/her application for the licensure examination for real estate consultant?
What does an applicant need to establish at the time of filing his/her application for the licensure examination for real estate consultant?
What must the consultant be analytical and intellectually curious about?
What must the consultant be analytical and intellectually curious about?
What is the primary purpose of Continuing Professional Education (CPE) for real estate consultants?
What is the primary purpose of Continuing Professional Education (CPE) for real estate consultants?
According to DOJ Opinion No. 113, Series of 1995, who is limited to being accredited as a realty service practitioner?
According to DOJ Opinion No. 113, Series of 1995, who is limited to being accredited as a realty service practitioner?
What was the significant change brought about by R.A. No. 9646, also known as the Real Estate Service Act of the Philippines?
What was the significant change brought about by R.A. No. 9646, also known as the Real Estate Service Act of the Philippines?
What are the qualifications required for obtaining a real estate consultant’s license?
What are the qualifications required for obtaining a real estate consultant’s license?
What is the significance of Commerce Administrative Order No. 60-1, issued on April 28,1960?
What is the significance of Commerce Administrative Order No. 60-1, issued on April 28,1960?
What is the rule on Conflict of Interest under the RESA, Section 35 of Article IV?
What is the rule on Conflict of Interest under the RESA, Section 35 of Article IV?
What was the purpose of Ministry Order No. 39?
What was the purpose of Ministry Order No. 39?
What are the key qualifications for an applicant to take the licensure examinations for real estate consultants?
What are the key qualifications for an applicant to take the licensure examinations for real estate consultants?
What is the role of the Professional Regulatory Board of Real Estate Service (PRBRES) according to RESA, Section 36 of Article IV?
What is the role of the Professional Regulatory Board of Real Estate Service (PRBRES) according to RESA, Section 36 of Article IV?
What was authorized by Act 2728 passed by the Philippine Legislature in 1938?
What was authorized by Act 2728 passed by the Philippine Legislature in 1938?
What significant change was brought about by Trade Administrative Order No. 75-1?
What significant change was brought about by Trade Administrative Order No. 75-1?
What is the main distinction between consulting services and those of a broker, appraiser, or agent?
What is the main distinction between consulting services and those of a broker, appraiser, or agent?
What measures the success of a consulting service according to the text?
What measures the success of a consulting service according to the text?
Under what circumstances are real estate services considered consulting practice subject to licensing regulations?
Under what circumstances are real estate services considered consulting practice subject to licensing regulations?
What type of questions do consulting services answer, as per the text?
What type of questions do consulting services answer, as per the text?
Who may seek advice from a real estate consultant, according to the text?
Who may seek advice from a real estate consultant, according to the text?
What is an example of a specific consulting case mentioned in the text?
What is an example of a specific consulting case mentioned in the text?
What type of assistance do the owners of a vocational training center seek, as mentioned in the text?
What type of assistance do the owners of a vocational training center seek, as mentioned in the text?
What does a city planning board seek advice about, according to the text?
What does a city planning board seek advice about, according to the text?
What do the owners of a downtown loft building need to know, as stated in the text?
What do the owners of a downtown loft building need to know, as stated in the text?
What type of assistance does the lessee in the eighteenth year of a twenty-year lease require?
What type of assistance does the lessee in the eighteenth year of a twenty-year lease require?
In what field does the real estate consultant need special knowledge and skill?
In what field does the real estate consultant need special knowledge and skill?
What does a growing law firm require assistance with?
What does a growing law firm require assistance with?
What does the owner of an apartment complex want to know?
What does the owner of an apartment complex want to know?
What does the industrial company need assistance with?
What does the industrial company need assistance with?
What does a developer want advice on?
What does a developer want advice on?
What do owners of a large collection of office buildings, hotels, apartment complexes, and industrial properties want to know?
What do owners of a large collection of office buildings, hotels, apartment complexes, and industrial properties want to know?
What type of questions do consulting services answer, as per the text?
What type of questions do consulting services answer, as per the text?
What is the role of PARCS in relation to standards of professional practice for real estate consultants?
What is the role of PARCS in relation to standards of professional practice for real estate consultants?
What does a community contemplating a property tax abatement want to know?
What does a community contemplating a property tax abatement want to know?
What does an investor offered an income-producing property wish to know?
What does an investor offered an income-producing property wish to know?
