REBAP GLOBAL CITY CHAPTER 2nd General Membership Meeting

REBAP GLOBAL CITY CHAPTER 2nd General Membership Meeting

 

February 18, 2021 12:45PM onwards

Via ZOOM

SPEAKER:  MR. FERMIN A. STA TERESA JR.

Senior Vice President Business Development Sector,

Pag-IBIG Fund

Topic: “Pag-IBIG Fund Acquired Assets Opportunities for Real Estate Brokers”

SPONSOR Eulice Garcia, Broker Network Officer

PH1 WORLD DEVELOPERS

www.rebapglobalcity.com

#REBAPGlobalCityBeyondExpectation

#BEREBAPGLOBALCITY

REPUBLIC ACT N0. 11521 – AN ACT FURTHER STRENGTHENING THE ANTI-MONEY LAUNDERING LAW, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 9160, OTHERWISE KNOWN AS THE “ANTI-MONEY LAUNDERING ACT OF 2001” , AS AMENDED

REPUBLIC ACT N0. 11521 – AN ACT FURTHER STRENGTHENING THE ANTI-MONEY LAUNDERING LAW, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 9160, OTHERWISE KNOWN AS THE “ANTI-MONEY LAUNDERING ACT OF 2001” , AS AMENDED

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

 

REBAP Global City Chapter First General Membership Meeting

REBAP Global City Chapter First General Membership Meeting

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.

    

REBAP First Virtual National General Membership Meeting 2020

REBAP First Virtual National General Membership Meeting 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