February 18, 2021 12:45PM onwards
SPEAKER: MR. FERMIN A. STA TERESA JR.
Senior Vice President Business Development Sector,
Topic: “Pag-IBIG Fund Acquired Assets Opportunities for Real Estate Brokers”
SPONSOR Eulice Garcia, Broker Network Officer
PH1 WORLD DEVELOPERS
REBAP Global City Featured Broker of the Month –January 2021
ATTY. JERICO D. SALENGA
REA, REB, Lawyer
CRB Jerico D. Salenga as friends call him “Jeric”, is a very active and dynamic person. He is a person that you can approach and is willing to accommodate your concern whether it be business or legal matters. He is active in both professions as Real Estate service practitioners and a Lawyer.
CRB Jeric took his Bachelor Laws in San Beda College of Alabang – School of Law and graduated in 2013. He is holding office at 5/F Pasig Revolving Tower, Marketing Avenue, San Nicolas, Pasig, City. His practice includes pleadings, petitions, commentaries, letters, legal contracts, among others.
CRB Jeric further his knowledge to reinforce his Law practice and took the Real Estate Brokers and Real Estate Appraiser Board exams in 2015 and passed on the year.
Professional Legal Experience:
CRB Jeric’s legal experiences have been in the legal limelight since 2004 and his experience of the profession includes being a paralegal with the Office of the Solicitor General in Makati City in 2005; Legal Aide with the Pasay City Hall Jail Precinct in 2004; Attorney III for the Civil Aviation Authority of the Philippines, Pasay, 2016-2018; Associate Council for J.P. Jimenez Law Office, 2015-2016; Associate Council for Hechanova Bugay Vilchez Andaya-Ricadio, Makati , 2014-2015 and he is currently the Founding Manager of Salenga Law firm.
For CRB Jeric, the legal Profession can be further reinforced by a more exciting and profitable business and profession thus, he decided to become a Real Estate Broker in 2015. He believes that Real Estate is an exciting business and profession and when he combined these with his legal practice, he instantly found out the benefits and the excitement of engaging in both. Here, he experienced endless transaction on various types of real estate dealings and considered each of it as very rewarding.
REBAP City Global is proud to have you on board CRB Atty Jerico “Jeric” Salenga. Welcome and enjoy the comradery!!
The Amendments to Certain Provisions of the 2018 Implementing Rules and Regulations of the AMLA was published in the Philippine Star on 30 January 2021.
On January 29, 2021, President Rodrigo Roa Duterte signed into law Republic Act No. 11521 propounding the Anti-Money Laundering Law to include as Covered Persons the Real Estate Brokers and recopying the definition Real Estate Broker enunciated in Real Estate Service Act (RESA). Republic Act No. 11521 will create a scenario wherein those in illegal practice of real estate service will be outcaste and only those registered and licensed real estate brokers will be in limelight. RESA should be strictly implemented and make its way to align with RA 11521. While waiting for the IRR of this law, all must be aware and mandatorily enforce the RESA that ONLY Registered and Licensed Real Estate Brokers are ALLOWED TO PRACTICE.
Salient Features of Republic Act No. 11521:
1. New State Policy: To extend cooperation in the implementation of targeted financial sanctions related to terrorism, proliferation of weapons of mass destruction and their financing.
2. New covered persons: real estate developers, real estate brokers, offshore gaming operators, and offshore gaming operator service providers;
3. Covered transaction for real estate transaction: (cold) cash transactions in excess of P7.5M.
4. New predicate crimes: violations of Section 254 of the National Internal Revenue Code, and Section 9(a)(3) of the Strategic Trade Management Act;
5. New powers of the AMLC: apply for search and seizure orders and subpoena, implement targeted financial sanctions related to proliferation of weapons of mass destruction and its financing, and manage frozen, preserved and forfeited assets.
Richard Thaddeus Carvajal, Chartered MCSI, REB, RFP
Richard Thaddeus Carvajal, is an Alumnus of the University of Oxford in United Kingdom where he studied Real Estate and Finance. He graduated with a Master’s Degree in Real Estate and Investments with honors.
His experience in portfolio management involves a decade of handling international clients and high net worth investors specifically in the services of investment consultancy, valuation and capital markets.
Currently, he is the Chief Executive Officer of PHILGEMS Realty Corp. and holds the following licenses; A Registered Financial Planner, Duly Licensed Real Estate Broker and a Chartered Member of the Chartered Institute of Securities & Investments in London and an Associate of the Chartered Institute of Royal Surveyors (RICS) .
He is currently a finance columnist for Business Mirror and Manila Times, a MoneySense Magazine Writer and a keynote speaker conducting various seminars around the globe. His expertise has also been featured in different radio and TV shows in ABS CBN such as Bottomline with Boy Abunda
Richard is also a College Professor for BS Real Estate Management in iAcademy. He teaches subjects such as Investment Analysis, Global Business, Real Estate Finance, Brokerage, Marketing and Economics.
He is also the author of the best-selling books entitled “The Real Pro” – becoming the next Real Property Expert and “The Millennionaire”- becoming the next Millennial Millionaire
In 2019 He was recognized by the prestigious Asia CEO Awards as the Young Leader of the Year- Circle of Excellence Awardee and 2020 Lamudi Award’s People’s Choice, Best Broker of the Year.