COURSE 1: REAL ESTATE SERVICE ACT (RESA 9646)

The Real Estate Service Act of 2009 (RESA 9646) is a crucial law that governs the real estate service industry in the Philippines. It establishes standards for real estate brokers, appraisers, consultants, and salespersons, ensuring they meet professional, ethical, and licensing requirements. The law promotes transparency and accountability in real estate transactions, offering consumer protection against fraudulent activities such as title fraud, double sales, and misrepresentation. By requiring education, licensure exams, and ongoing professional development, RESA 9646 helps professionalize the industry. The act also provides government oversight through the Professional Regulation Commission (PRC) and establishes penalties for violations, ensuring a legitimate and ethical real estate sector in the country.