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For ease of registration, real estate developers, real estate brokers, offshore gaming operators (OGO), and OGO-service providers must submit the following documents, per the AMLC Registration and Reporting Guidelines:
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List of completed and on-going projects including location, type of development, selling price and period of development. To be provided by the applicant-entity. Financial Documents. One (1) copy of audited Financial Statements for the past two (2) years (Photocopy)
Mar 19, 2024 · The Certificate of Registration is a crucial document that developers of real estate properties must obtain from the Department of Human Settlements and Urban Development (DHSUD) before selling any units. For buyers, this certificate is important to check before buying.
- What Is A Certificate of Registration?
- What Requirements Should You prepare?
- How Does The Certificate of Registration Application Process Work?
- The Purpose of The Certificate of Registration
The Certificate of Registration (CR) is a formal certificate given by the Department of Human Settlements and Urban Development (DHSUD) or formerly known as the Housing and Land Use Regulatory Board (HLURB), that certifies the viability of the project as well as the capability of the developer in implementing the project. Hence, it practically revo...
Developers planning to apply for a Certificate of Registration are legally required to have a minimum of 10 documents at hand before processing. Although Rule IV – Section 7 of PD 957 specifies a whole list, the following is a less overwhelming list of the CR requirements classified by the nature of the document:
Although relatively different, the application process of the Certificate of Registration (CR) and License to Sell (LS) are the same. Below is s step-by-step workflow of the application process: Filing: One-day Processing Time 1. Applicant files application with all necessary documents 2. A Records Officer (RO) from the Records Section (RS) checks ...
As you may have observed, the application procedure for the Certificate of Registration is where the project and all parties involved undergo due diligence. Given its mandatory nature under the Philippine law, having a clear picture of what this certification entails is one of the primary steps in securing a smooth-sailing real estate endeavor.
- Ian Fulgar
Feb 5, 2024 · Yes, you need a license to sell property in the Philippines if you are acting as a real estate agent, broker, or developer. Agents and brokers must pass the Real Estate Licensure Exam and register with the Professional Regulation Commission (PRC).
Jul 20, 2020 · Avoid costly mistakes in developing and selling property projects by following these requirements in applying for a License To Sell in the Philippines.
In this article, we will delve into the constitutional provisions and key statutes governing real estate transactions, the role of government agencies in real estate regulation, restrictions on foreign ownership, the property registration process, taxes and duties associated with real estate transactions, financing options, lease agreements and ...
