by Doah Sto. Tomas | Feb 1, 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.
#REBAPGlobalCityBeyondExpectation #BEREBAPGlobalCity
by Doah Sto. Tomas | Feb 1, 2021
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.
by Doah Sto. Tomas | Jan 27, 2021
This year’s pilot virtual episode of REBAP Global City General Membership Meeting held on January 21, 2021 was attended by its vibrant Certified REBAP Brokers. Our invited Speakers delivered their best talks on real estate forecast and fortune that really awaits and excites the members more. 2021 REBAP National Board Chair Emily Q. Duterte, President Vivianne D. Castro, NB Sigmund Estreba, LMP Chapter CRBs and our allied partners in the industry were also present. Thank you very much on behalf of our Chapter…see you again next month for another exciting virtual event.
by Doah Sto. Tomas | Jul 27, 2020
The 2020 REBAP National Board of Trustees is cordially inviting all Certified Real Estate Brokers nationwide to join its 1st ever REBAP VNGMM 2020. This event marks the next big thing for the organization to adjust to its activities under this new normal environment. Learn from their invited distinguished speaker of our time as he talks about changing the landscape of our profession in this challenging times. Dont miss itsee you all CRBs. See ads for details
CRB EMILY Q. DUTERTE Chairman of the Board
CRB BENEVICI D. CASTRO National President
CRB MARGARET D. GAW VP for Internal Affairs
CRB MARY MARGARET A. MAGCALAS VP for External Affairs
CRB EVELYN A. ESPARDINEZ VP for Finance
CRB RANDIJAY D. UY VP for MIS
CRB ARMANDO JIM O. ORDOÑEZ JR Secretary General
CRB LOUELLA E. LARANANG National Treasurer
CRB DAISY P. VILLAOS National Auditor
CRB MICHAEL M. AGOT National P.R.O.
NATIONAL TRUSTEE:
CRB MARY NYRE DAWN S ALCANTARA
CRB EDWIN B. CALAMBA
CRB ESMERALDA P. DAVID
CRB JIMMY H. NACINO
CRB ROI MARC A. TEODORO
