©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
RESA Law Exam Study Guide 100%
Verified.
RA 9646 - Answer✔AN ACT REGULATING THE PRACTICE OF REAL ESTATE SERVICE IN THE
PHILIPPINES. CREATING FOR THE PURPOSE A PROFESSIONAL REGULATORY BOARD OF REAL
ESTATE SERVICE, APPROPRIATING FUNDS THEREFORE AND FOR OTHER PURPOSES
RESA Law - Answer✔RA 9646
June 29, 2009 - Answer✔Signed / approved date of RESA Law
July 30, 2009 - Answer✔Effectivity date of RESA Law
ARTICLE I - Answer✔TITLE, DECLARATION OF POLICY AND DEFINITION OF TERMS
SECTION 1. - Answer✔Title
SECTION 1
Title. - Answer✔This Act shall be known as the "Real Estate Service Act of the Philippines".
SEC. 2. - Answer✔Declaration of Policy.
SEC. 2 - Declaration of Policy - Answer✔The State recognizes the
vital role of real estate service practitioners in the social,
political, economic development and progress of the country by
promoting the real estate market, stimulating economic activity
and enhancing government income from real property-based
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, ©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
transactions. Hence, it shall develop and nurture through
proper and effective regulation and supervision a corps of
technically competent, responsible and respected professional
real estate service practitioners whose standards of practice and
service shall be globally competitive and will promote the
growth of the real estate industry.
SEC. 3. - Answer✔Definition of Terms
SEC. 3. Definition of Terms. - Answer✔As used in this Act, the following terms shall mean
Appraiser - Answer✔also known as valuer, refers to a person who conducts valuation appraisal
specifically, one who possesses the necessary qualifications, license, ability and experience to
execute or direct the valuation appraisal of real property.
Assessor - Answer✔refers to an official in the local government unit, who performs appraisal
and assessment of real properties, including plants, equipment, and machineries, essentially for
taxation purposes. This definition also includes assistant assessors
Real estate - Answer✔refers to the land and all those items which are attached to the land. It is
the physical, tangible entity, together with all the additions or improvements on, above or
below the ground.
Real estate development project - Answer✔means the development of land for residential,
commercial, industrial, agricultural, institutional or recreational purposes, or any
combination of such including, but not limited to, tourist resorts, reclamation projects, building
or housing projects, whether for individual or condominium ownership, memorial parks and
others of similar nature.
Real estate developer - Answer✔refers to any natural or juridical person engaged in the
business of developing real estate development project for his/her or its own account and
offering them for sale or lease.
Real property - Answer✔includes all the rights, interests and benefits related to the ownership
of real estate.
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Real estate service practitioners - Answer✔shall refer to and consist of the following:
Real estate consultant
Real estate appraiser
Real estate assessor
Real estate broker
Real estate salesperson
Real estate consultant
Real estate appraiser
Real estate assessor
Real estate broker
Real estate salesperson - Answer✔Real estate service practitioners
Real estate consultant - Answer✔a duly registered and licensed natural person who, for a
professional fee, compensation or other valuable consideration, offers or renders professional
advice and judgment on:
(i) the acquisition, enhancement,
preservation, utilization or disposition of lands or improvements
thereon: and
(ii) the conception, planning, management and development of real estate projects.
Real estate appraiser - Answer✔a duly registered and licensed natural person who, for a
professional fee, compensation or other valuable consideration, performs or renders, or offers
to perform services in estimating and arriving at an opinion of or acts as an expert on real
estate values, such services of which shall be finally rendered by the preparation of the report
in acceptable written form.
Real estate appraiser - Answer✔a duly registered and licensed natural person who, for
professional fee, compensation or other valuable consideration, performs or renders, or offers
to perform services in estimating and arriving at an opinion of or acts as an expert on real
estate values, such services of which shall be finally rendered by the preparation of the report
in acceptable written form.
Real estate assessor - Answer✔a duly registered and licensed natural person who works in a
local government unit and performs appraisal and assessment of real properties, including
plants, equipment, and machineries, essentially for taxation purposes.
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Real estate broker - Answer✔a duly registered and licensed natural person who, for a
professional fee, commission or other valuable consideration, acts as an agent of a party in a
real estate transaction to offer, advertise, solicit, list, promote, mediate, negotiate or effect the
meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture, or
other similar transactions on real estate or any interest therein.
Real estate salesperson - Answer✔a duly accredited natural person who performs service for,
and in behalf of, a real estate broker who is registered and licensed by the Professional
Regulatory Board of Real Estate Service for or in expectation of share in the commission,
professional fee, compensation or other valuable consideration.
ARTICLE II - Answer✔PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE
SEC. 4. - Answer✔Creation and Composition of the Board.
SEC. 4. Creation and Composition of the Board. - Answer✔There is hereby created a
Professional Regulatory Board of Real Estate Service
Board - Answer✔SEC. 4. Creation and Composition of the Board. - There is hereby created a
Professional Regulatory Board of Real Estate Service, hereinafter referred to as the __________
Professional Regulatory Board of Real Estate Service - Answer✔PRBRES
Commission - Answer✔Professional Regulatory Board of Real Estate Service, hereinafter
referred to as the Board, under the supervision and administrative control of the Professional
Regulation Commission (PRC), hereinafter referred to as the ___________
Professional Regulation Commission - Answer✔PRC
chairperson - Answer✔SEC. 4. Creation and Composition of the Board
composed of a _________ and four (4) members who shall be appointed by the President of
the Philippines from the three (3) recommendees chosen by the Commission from a list of five
(5) nominees per position submitted by the
accredited and integrated professional organization of real estate service practitioners:
Prouided,' That two (2) of the members of the Board shall represent the government assessors
and appraisers.
4|Page
RESA Law Exam Study Guide 100%
Verified.
RA 9646 - Answer✔AN ACT REGULATING THE PRACTICE OF REAL ESTATE SERVICE IN THE
PHILIPPINES. CREATING FOR THE PURPOSE A PROFESSIONAL REGULATORY BOARD OF REAL
ESTATE SERVICE, APPROPRIATING FUNDS THEREFORE AND FOR OTHER PURPOSES
RESA Law - Answer✔RA 9646
June 29, 2009 - Answer✔Signed / approved date of RESA Law
July 30, 2009 - Answer✔Effectivity date of RESA Law
ARTICLE I - Answer✔TITLE, DECLARATION OF POLICY AND DEFINITION OF TERMS
SECTION 1. - Answer✔Title
SECTION 1
Title. - Answer✔This Act shall be known as the "Real Estate Service Act of the Philippines".
SEC. 2. - Answer✔Declaration of Policy.
SEC. 2 - Declaration of Policy - Answer✔The State recognizes the
vital role of real estate service practitioners in the social,
political, economic development and progress of the country by
promoting the real estate market, stimulating economic activity
and enhancing government income from real property-based
1|Page
, ©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
transactions. Hence, it shall develop and nurture through
proper and effective regulation and supervision a corps of
technically competent, responsible and respected professional
real estate service practitioners whose standards of practice and
service shall be globally competitive and will promote the
growth of the real estate industry.
SEC. 3. - Answer✔Definition of Terms
SEC. 3. Definition of Terms. - Answer✔As used in this Act, the following terms shall mean
Appraiser - Answer✔also known as valuer, refers to a person who conducts valuation appraisal
specifically, one who possesses the necessary qualifications, license, ability and experience to
execute or direct the valuation appraisal of real property.
Assessor - Answer✔refers to an official in the local government unit, who performs appraisal
and assessment of real properties, including plants, equipment, and machineries, essentially for
taxation purposes. This definition also includes assistant assessors
Real estate - Answer✔refers to the land and all those items which are attached to the land. It is
the physical, tangible entity, together with all the additions or improvements on, above or
below the ground.
Real estate development project - Answer✔means the development of land for residential,
commercial, industrial, agricultural, institutional or recreational purposes, or any
combination of such including, but not limited to, tourist resorts, reclamation projects, building
or housing projects, whether for individual or condominium ownership, memorial parks and
others of similar nature.
Real estate developer - Answer✔refers to any natural or juridical person engaged in the
business of developing real estate development project for his/her or its own account and
offering them for sale or lease.
Real property - Answer✔includes all the rights, interests and benefits related to the ownership
of real estate.
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Real estate service practitioners - Answer✔shall refer to and consist of the following:
Real estate consultant
Real estate appraiser
Real estate assessor
Real estate broker
Real estate salesperson
Real estate consultant
Real estate appraiser
Real estate assessor
Real estate broker
Real estate salesperson - Answer✔Real estate service practitioners
Real estate consultant - Answer✔a duly registered and licensed natural person who, for a
professional fee, compensation or other valuable consideration, offers or renders professional
advice and judgment on:
(i) the acquisition, enhancement,
preservation, utilization or disposition of lands or improvements
thereon: and
(ii) the conception, planning, management and development of real estate projects.
Real estate appraiser - Answer✔a duly registered and licensed natural person who, for a
professional fee, compensation or other valuable consideration, performs or renders, or offers
to perform services in estimating and arriving at an opinion of or acts as an expert on real
estate values, such services of which shall be finally rendered by the preparation of the report
in acceptable written form.
Real estate appraiser - Answer✔a duly registered and licensed natural person who, for
professional fee, compensation or other valuable consideration, performs or renders, or offers
to perform services in estimating and arriving at an opinion of or acts as an expert on real
estate values, such services of which shall be finally rendered by the preparation of the report
in acceptable written form.
Real estate assessor - Answer✔a duly registered and licensed natural person who works in a
local government unit and performs appraisal and assessment of real properties, including
plants, equipment, and machineries, essentially for taxation purposes.
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, ©THESTAR 2025 ALL RIGHTS RESERVED 11:44 AM A+
Real estate broker - Answer✔a duly registered and licensed natural person who, for a
professional fee, commission or other valuable consideration, acts as an agent of a party in a
real estate transaction to offer, advertise, solicit, list, promote, mediate, negotiate or effect the
meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture, or
other similar transactions on real estate or any interest therein.
Real estate salesperson - Answer✔a duly accredited natural person who performs service for,
and in behalf of, a real estate broker who is registered and licensed by the Professional
Regulatory Board of Real Estate Service for or in expectation of share in the commission,
professional fee, compensation or other valuable consideration.
ARTICLE II - Answer✔PROFESSIONAL REGULATORY BOARD OF REAL ESTATE SERVICE
SEC. 4. - Answer✔Creation and Composition of the Board.
SEC. 4. Creation and Composition of the Board. - Answer✔There is hereby created a
Professional Regulatory Board of Real Estate Service
Board - Answer✔SEC. 4. Creation and Composition of the Board. - There is hereby created a
Professional Regulatory Board of Real Estate Service, hereinafter referred to as the __________
Professional Regulatory Board of Real Estate Service - Answer✔PRBRES
Commission - Answer✔Professional Regulatory Board of Real Estate Service, hereinafter
referred to as the Board, under the supervision and administrative control of the Professional
Regulation Commission (PRC), hereinafter referred to as the ___________
Professional Regulation Commission - Answer✔PRC
chairperson - Answer✔SEC. 4. Creation and Composition of the Board
composed of a _________ and four (4) members who shall be appointed by the President of
the Philippines from the three (3) recommendees chosen by the Commission from a list of five
(5) nominees per position submitted by the
accredited and integrated professional organization of real estate service practitioners:
Prouided,' That two (2) of the members of the Board shall represent the government assessors
and appraisers.
4|Page
