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Frequently Asked Questions

Question about Real Estate Service

  • A natural person who, for a professional fee, compensation or other valuable
    consideration, offers or renders professional advice and judgment on:
    • The acquisition, enhancement, preservation, utilization or disposition of lands or improvements thereon; and
    • The conception, planning, management and development of real estate
      projects.
  • Must be registered with and licensed by the Professional Regulatory Board of Real Estate Service.
  •  A natural person who, for a professional fee, compensation or other valuable
    consideration:
    • Performs, or offers to perform, services in estimating and arriving at an opinion on real estate values; or
    • Acts as an expert on real estate values.
  • His/her services shall be finally rendered by the preparation of the report in acceptable written form.
  • Must be registered with and licensed by the Professional Regulatory Board of Real Estate Service.
  • A natural person who works in a local government unit and performs appraisal and assessment of real properties, including plants, equipment, and machinery, essentially for taxation purposes.
  • Must be registered with and licensed by the Professional Regulatory Board of Real Estate Service.
  • A 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.
  • Must be registered and licensed by the Professional Regulatory Board of Real
    Estate Service.
  • A natural person who performs service on behalf of a duly registered and licensed real estate broker, for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration.
  • Must be accredited by the Professional Regulatory Board of Real Estate Service.

The primary law governing real estate service in the Philippines is Republic Act No. 9646, also known as the “Real Estate Service Act of the Philippines” (RESA Law). It was enacted on June 29, 2009.

 

Question Real Estate Investing

Yes, a home can depreciate in value, although it’s not always the case. Here are some reasons why it might:

🔻 Reasons a Home Can Depreciate:

  1. Neighborhood Decline
    If the surrounding area becomes less desirable due to crime, poor schools, or lack of development, the value of nearby homes can drop.

  2. Poor Property Condition
    Lack of maintenance, structural damage, or outdated systems (plumbing, electrical, roofing) can reduce a home’s value over time.

  3. Overdevelopment or Oversupply
    If too many homes are built in an area, supply may exceed demand, pushing prices down.

  4. Economic Downturns
    A weak economy or high unemployment rates can lower buyer demand, leading to lower home values.

  5. Environmental Issues
    Natural disasters, flood zones, or environmental hazards (like nearby industrial sites) can negatively affect property value.

  6. Market Trends
    Real estate is cyclical. Market downturns or interest rate hikes can reduce buyer affordability, causing prices to fall.

  7. Changes in Zoning or Infrastructure
    New highways, commercial developments, or zoning changes can either hurt or help value depending on the impact.

🏡 But Not Always:

Homes can also appreciate in value if maintained well, located in a growing or desirable area, and influenced by a healthy real estate market.

An older home can be just as good a value as a new one—if it has been maintained well and fits your lifestyle or renovation goals. New homes offer convenience and modernity, but often at a premium. Your personal needs, budget, and long-term plans should guide your decision.