Notice to Members Re PRC PRBRES Resolution No. 39 Series of 2019

*** SPECIAL NOTICE ***

CODE OF ETHICS AND RESPONSIBILITIES

FOR REAL ESTATE SERVICE PRACTITIONERS

July 30 2019

Dear Fellow PAREB Members

This is to advise everyone that the Professional Regulatory Board of Real Estate Service of the Professional Regulation Commission (PRC – PRBRES) has released Resolution No. 39 Series of 2019 entitled “CODE OF ETHICS AND RESPONSIBILITIES FOR REAL ESTATE SERVICE PRACTITIONERS”.

A copy of the resolution can be found and/or downloaded from the following link maintained by PAREB:

https://drive.google.com/open?id=1oVJcKxP-CulBtox3MkilrtPYsvE3B4cP

This resolution was approved on May 6 2019, published in the Official Gazette on July 29 2019 and takes effect 15 days after publication or on August 14 2019.

Notwithstanding the foregoing, the approved Code of Ethics is very general in nature and it is our understanding that further codification specific to brokers, salespersons, appraisers and consultants may be released in the future.

We will keep you posted of further developments.

[original signed]

MARY DAPHNE G BERECIARTE

Secretary General

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