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Rcp|lbuc ot rhr

Phllppin.i

Oficc of the President


Housins and Urban Development Coordinating Council

HOUSING AI{D LAND USE R.EGULATORY BOARI)

HLURB MEMORATTDUIT CIRCULAR 1{O.


Series of 2015 ( eereru rq
2015)

_W

TO

ALL CONCERTIED

FROlrl

THE COMMISSIOT{ERA]ID CHIEF EXECUTN'E OFFICER

SUB'ECT

DATORY Al{D SUPPLE IIETIITAI GUIDELIII ES ()1{


BOARD RESTOTUTTOT{ NO. 922, SERTES OF 2O1+ OR

AIII

E 1I

THE .REVISED I}IPLEIIIENTII{G RULES

A]{D
REGUI.ATIO]IS TO GOVERN DEALERS, BROKERS Al{D
SALESMET{ OF SUBDIVISIOT{ AND CONDOMI]IIUM
PROJECTS U]{DER PRESIDET|TIAL DECREE NO. 957'
OTHERWISE K]IOWN AS THE 'SI'BDTVISION AIID
CONDOI'|il{IUll BUYERS' PROTECTM DECREE' AND
ALL OTHER PROTECTS REQUTRED BY LAW TO BE
REGISTERED WITH THE HOUSITIG AND LAI{D USE
REGUIATORY BOARD

to

Section 14 of the Housing and Land Use Regulatory Board


(HLURB) Resolution No. 922, Series of 2014, or the 'Revised Implemenung
iubs 6nd Regulagons to Govem Dealers, Brokers And Salesmen of
Subdivision and Condonrinium Projects Under Presidential Decree No' 957
(P.D. No. 957) Otherwise Known as the 'suMivision and c.ondominium
iluyers' Protective Decree" And All Ottrer Proiects Required By_Law To Be
nelftereO With The Housing and Land Use Regulatory bard", this
nmenaatory and Supplemental Guideline is hereby issued.
Pursuant

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Rule

AMENDMENTS TO iIEMORANDUM

crRcut-AR lro. 02, SERIES OF 2015


Section 1. Exemfion of Single Propriebrchip From Registration.
1.1 Section 4.L4 of Memorandum Orcular No. 02, Series of 2015 (M.C. No. 02
s. of 2015) which provides for the definition of "Person" and rcads:

"Person" refers to a natural or juridical person. A juridical


person refers to any business firm such as a corporation,
partnership, cooperative
associaUon,
single
proprietorchip."

or a

or

is hereby amended to read:

"Person" refers to a nafural or juridical person. A juridical


person refers to any business firm such as a corporaUon,
parhership, cooperative or association."

1.2. Section 7 of M.C. No. 02, s. of 2015 which reads:


"Regisffation of Business Firms. Any business firm, whether
a corporation, paftnership, cooperative or association, or
single proprietorship, shall first register with the HLURB in
accordance with $e rules and guidelines herein provided
before it can engage in the practice of real estate service with
any project."
is hereby amended to read:

"Registration of Business Firms. Any business firm, whether


a corporation, palttership, cooperative or association shall
first register with the HLURB in accordance with the rules and
guidelines herein provided before
can engage in the
practice of real estate servhe with any project."

it

Pursuant hereto, a single proprietorship is not anymore required to register


such single
with the HLURB, provided howerrer that the owner
proprietorship who is engaged in the practice of real estate service with
respect to any project shall first register with the HLURB.

of

Page 2 of 13

W'

Section 2. Place of Registration.

2.1 Section 10 of M.C. No. 02, s. of 2015 which reads:

for

Registration. All dealers, licensed brokers and


accredited salespersons who shall engage in the practice of real
estate service with any project shall register with the Regional
Field ffice which has jurisdiction over the region where the
applicant rcsides or where his office is located by submitting the
following:
x"

"Application

is hereby amended to read:

'Application fior RegistraUon. All dealers, licensed brokers and


accredited salespersons who shall engage in the practice of real
estate seruice with any project shall register with any Regional
Field Office of the HLURB by submitting the following:
xt'

2.2. Section 12 of M.C. No. 02, s. of 2015 which rcads:

for Registration of Business Firms. All business


firms, whether a corpoftrtion, partnership, cooperative or
association, or single proprietorship, that shall engage in the

'Application

practice of real estate service with any project shall register with
the Regional Field ffice which has jurisdiction over the region
where the applicant's principal office is located by submitting
the bllowing:

is hereby amended to read:

"Application

for

firmq whether

Registration

of

Business

Firms. All

business

corporation, paftnership, cooperaUve or


association that shall engage in the practice of real estate
seruice with any pncject shall register with any Regional Field
Ofiftce by submitting the following:

xt'
Pursuant hereb, dealers, brokers, salespersons and business firms may apply
for registration with any RFO of the HLURB.

Page 3

of 13

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Secdon 3. $rbmissbn of the PRC/PRBRES-Issued Officiat Reeipt or


Claim Stub.

3.1 Section 10.2 M.C. No. 02 s. of 2015 enurnerates the

required
documentary submissions for the registraUon of brokers. Section 10.2.3
thereof which reads:

*Photocopies

of the PRC-issued Certificate of Regisfration and


rralid PRC-Issued Accreditation Card showing both front and
back fae, with the originals thereof for comparison as faithful
reproduction, or any otspr sr.rfficient prmf of such liensure;"

is hereby amended to read:


"Photocopies of the PRC-issued Certificate of Registration and
tfre valid PRC-Issued AarcditaUon C,ard sfrowing both front ard
back fiaceg with the originals thereof for comparison as faithful
reprcduction, or in the absene thereof, any other proof of
registraUon or licensure, or of having applied for registration or
licensure such as the PRC/PRBRES-issued fficial Receipt or
PRgPR.BRE$issued claim stub;"

3.2 Section 10.3 of M.C. No. 02 s. of 2015 enumerates the

required
documentary submissions for the accrcditation of salespersons. Section
10.3.3 thereof which reads:
"Phorbcopies of the PRC-issued Certiftcirte of Registftttion and
of valid PRC-Issued AcredibUon Card showing both front and
back faces, with the or'rginals thereof for comparison as faithful
sudt
reproduction,
any other sufficient prcof
accrcditation;"

or

of

is hereby amended to read:

*Photocopies of the PRC-issued Cefificate of RegistraUon and


the valid PRC-Issued Accreditation Card showing both front and
back fiaces, with the originals thereof for omparison as hithful
reproduction, or in the absene thereof, any other proof of

accreditation, or of having applied for


regisffiation or accreditation such as Ure PRgPRBRE$issued
Official Receipt or PRC/PRBRESissued claim stub;'

registration

or

Pursuant hereto, all Regional Freld ffices (RFO) shall henceforth accept
applicaUon fior registration of brokers and salespersons upon submission of

any of the enumerated documenbry requirements under Sections 10.2.3 and


10.3.3, as amended, along with the rest of the requirements respectively
provided under Sections 10. 2 and 10.3 of M.C. No. 02, s. of 2015.

Section 4. Submission of the Offrcial Reeipt Issued by ilre Surcty


Company. Sections 10.1.4, 10.2.4 and 10.3.4 which plovide for the
submission of the bond or secudty for the registation of dealers, brokers and
salespersons and which similarly read:

"Photo@py of the bond or security, wiBr the original thereof for


comparison as faithful prcduction;"
is hereby amended to read:

"Phob@pies of the bond or security and of the official receipt


issued by the surety company, with the originals thereof for
comparison as faithfu I reproducton;

"

Submission of t|le HLURB-Issud Offici'il Reoeipt


Evidencing Payment of Registntion Fee. Sections 10.1.5, 10.2.5, and

Section

5.

10.3.6 of M.C. No. 02, s. of 2015 which all simihrly rcad:

"Photocopies of the official receipt widencing payment


registration fee."
are all hereby similarly amended

of

the

read:

"Photocopies of the HLURFissued official receipt evidencing


payment of the registration fee."

Section 6. Reuised ltter of Engngement or Employment. Disdosure


of the projects with which the applying salesman is authorized to practice real
*D" of
estate senice shall not anymone be required. Rrrsuant hereto, Annex
Memorandum Circular No. 02, s. of 2015, or the pro-forma copy of the
"salesman's Letter of Engagement/Employment'is hereby amended. A proforma copy of the "Rerrised Salegnan's Letter of Engagement / Employrent'
is hereto attached as Anno< "A".

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Rule

II

Supplemental Guidelines
Section 7. Surety Bond. The surety bond shall be executed in favor of the
HLURB as the OblBee therein. The dealer, broker, salesman, or business firm
applying for registration as the Principal, and the bonding company, as the
Surcty, shall joindy and severally hold and bind themselves b indemniff ttre
Obligee in the event of hilure on the part of the principal to fully ard fraithfully
comply with the terms and conditbns of the registration. A pro.forma copy of
the surety bond is hereb attached as Annex oB".
Secdon 8. Cash Bond. Cash bond shall be accepted as a security in lieu of
surcty bond and the same shall rcmain effective and deemed reposted every
subsequent renewal of the registraUon unless otherwise revoked or forfeited
in acordance with Board Resolution No. 922, s. of 2014 and M.C. No. 02, s.
of 2015, or requested to be wihdrawn by the registrant.

Any

applicant posting a cash bond shall o(ecute and submit an underbking


under oath, staUng that the cash bond posted is conditioned upon the
applicanfs faithful compliance with the provisions of Section 12 of Presidential
Decee No. 957 and that the same may be forfeited in accordance with
Section 16 of M.C. No. 02, s. of 2015. Pruforma opies of the Deed of
Undertaking for dealers, brckers, salespersons and business firms are hereto
attached as Annexes "C" and oD".

Section 9. Withdrawal of Cash Bond. Cash bond may only be withdrawn


upon written request of the rcgisUant and posting of a new botd or
acceptable security in substitutlcn of the cash bond or upon submission of
intent that the applicant shall no longer renew the registration and shall cease
to engage in the practice of real estate service. In any case, withdnwal of
cash bond shall be subject to such applicable govemment requirements and
approved procedure for release of cash bond. A pro-fiorma copy of the
Request for Wthdrawal of Cash Bond is her$ attached as Annex "E".

Section 1O. Rensyal of RegisuaUon. All registered dealers, brokers,


salesrnen and business firms timely renewing their registraUon during the
month of November strall only be requircd to submit the fiollowing:

10.1 Application for Renewal of Regisffiation;


tO.2 Photocopy of the apdkanfs latest HLURB-issued
ceftificate of registration or HLURB-issued official
reaeipt evidencirq payment of last registration fee;

10.3

The HLURB-issued identification card for updating;

10.4 "Photocopies of the bond or security and of tfre official receipt


issued by the surety @mpany. wlth the originals thereof for
comparison as faithful reproduction, or the official reeipt for
the cash bond deposited and the undertaking under oath;-

10.5 Phobcopy of fte


evidencing payment of

HLURB-issued O,fftcial Receipt


tfe renewal of registration fee.

All applications for renewal of registration shall be filed with the RFO where
the original registration was filed.

ll.

Suhnission of Specimen Signatrres. For purposes of


issuance or replacernent of the identification card, all dealers, brokers and
safespersons shall, in addition
the tnro (2) coptes oJ 2 x 2 color photo,
submit on a clean sheet of paper, three (3) spcimen signatures subscribed
1.5 inches apart, with the full name of the dealer, broker or salesperson
printed once and in upper case at the botbm of the page.
Section

Section 12. Unifiorm l{umbering of Certificab of Registration. A


uniform numbering of the certificate of registration shall be observed by all
RFOs issuing

the same, fiollowing the fiormat herein provided:

RFO

A'B,G or D

- MlrUYR - PRll

where *RFO" stands fur the HLURB Regional Field ffice issuing the certificate
of regisffation; "A" for mlespersons,'Bo for brokers, "C" for "business firm"
*D" for dealets,
such mrporaUon, partnership, association or ooperaWe, or
whichever is applicable; "MM/YR" for the month and year of issuance of the
certificate of regisffation; and "PRN' for the permanent registration number
of the dealer, broker, salesperson or busirress firm. For o<ample:

rfcRFo

-A-|'4lts -oo1

where "NCRFO" stands for 'tNational Capital Region Field ffice", "A" for
safespersons, ^0F.lLs' fior April, 2015, and '001" the permanent registraUon
number assigned to the registered salesperson.

Srynilfty

GlilEG. The pro*ions


thls GuHelines are
hereby declarcd separable, and in the event that any provisbn trerein is
dedared null ard \oid, Ete valldity of all odpr prwisions shall not be affected

Ssction 13.
Ureteby.

Sccdon

1+ mctmty

GNruce. This Guidines shall take fiect

imrnediably.

Page

of 13

Ail]IEX A
REVISED SAI...ESPERSOII'S I"ETIER,

oF EltGAGElrEt{T
PrrsualttoSedins U
as

inplenrerfrd

fte negfxC0trcel
RegaorC FCd

bU

ild

EHPLOYHEI|T

Ulof Fe$dential Deoetlo.9:tZ

Bmtd Resolutin 1lo, 922, Seds of 2()f4

(ffie

ttouirg ard lrnd Usenegubbrt Boad


RFO Address

nis b b ertift

and b efioftcd bt
eogEgp in the practie dteal estabserrice

EEll@
Is$ed

h6

Pr-lrd

EFe@-[

a a salesOetsn.

2O_h

dfs-dayd

been

hcldSgn*rl
Ocr:gn*in

fhcof fficC,Eusnnsrdfics

Page 9

of 13

fu"P

ANlIfl

SUR,ETY H)TID

(PRO-riORr )

nowAll rl

wTHEsc ?nE!Hn*

Thdre,

r
Fincfu.l offte addless *
iilaugnr&cd ndcr
3rreti mry
, a cnrpadon
he grrely, re Hd ild Ht bdrld ub UE

riln:*lgn /
-

tlc FhOeL 4 =Ure.dfu bc of t|re PltfuIanes

Sorqphgo||dti.Irs:

ridl the
dE oDltee
Obftee s a
ilp Pr-lxinl is aBltrre fr. rcgfsHi(n Iill
qgA h th Fa.fic d
ht bu b be n$tcred rill fu
rcel e.tafte svb fir Fteds qdd
obFoeq

bood is bche Docfrd nrsur* b sefic ff ard f:l of


Pr'.!$HiC tc.rce ilo. !t57, hom c'Ile $-firls5o and ffifint
erye.s' Pmbctiue tlecrc-, ard n mg-.E ttcrerl|i th F-EiEl ls
qCea b gFp a god and gfit** bard h dte &ve'd
srn tD
scone fu frl ild faffiJ perftmre of UE fttes and oEgplirs
reqrred rrdcrtne brs ri orfiim dthe rcgtsHon rith dte dfgEe;

n.r $rctv

fant dthe $rety OorOenf uDoo dbr-dirn rndcrft


emeed tln srrn d
(D_), P|tfrFeOrrclrr.

Ihc

hme

bod

dt{

]tlu TlBEFOtf, I fu PnrilGIPAr $d h { rcspd .fr|i ad frfy otcerrc and


perfom cadt and dert onfrroq coyenett rd arcmentsetfrrft and ildd
hth
brm d @dilirc of tle rcglrtcEin rft tlE Oblgre tD dr tue iffi ald s-tg
dE d, tln ottgtron of dEsntt Crd be trand Fad; qncrrisq UeoDBfrond
tsE t$rltt CEI rcor*t h frl frre ild fied.
drt
ar sao|t*rcs dtb
I|| wrfilESS ilCRE(f, re lnw ** qr lEds atd fu
20_h
d
gnEw

DnIrcXPAT
Sgned

htlEPresemd

lIOTARIZATIOlI

Page 10

of 13

Altltfl G
IDEED OF

I.TDCRTAr|XG

D..tG. !E t57'
l:nrr r Srcrir ll d Mhrfldl
r b&*a trDred Brrhirlsr tgSrrh.r2|l.l

trtsp, d
fu

bc-p

*anr h acudre riilr

lcOC

4g ultt rcstlse d

dE bu, |retcDt steE

dE
L fbt I n effi br qFHio 6 a @uil|t
lbuirg ild Lod Use Ragdturt 8o.d (1anf8), Fr$E* b Eord Rcsolulin
llo. gZL s d 2ll1{ and llelwandn clt|lb ilo. OZ sctb of 2015, r
amde4

orc-arc ufft dE n!|Fffiiat

poctlro a bond

c aeFDle

reC-cncnt
I hcreDy agFe b &9d 6 dt bond c srt' the gr of
(r-l,
otdtlmd tpon
mt faffil orptam rdr Sedin ljf dPrcsilafid lte.rle 1|o. 957, dgrb
bm e Mutsin ard 6ltl-nr Dryrs Frrorndrn fde-; ad

2. In

seo[i]y,

|rereDy rmderstand and arec thct th hrcOoit! dt dcnd c bqrd ray be


lo*enn h buor of tu HUf,a h e the udersird feib b qlr rit|i dE
brfE ild @oduo|ls of ryttgftffiias porided ||rdel loerd R.sdtit.l ilo.
922 s of 2o1{ ard llemrrrdrn Ofufu ilo. o?, sies of 2oilt, is irded.

3. I

ft wIfEsS UtBEff, I lsqm ft

AJ d

nt ign*r Uis
-

(]*dAodcant

lIOTARf,ZANOil

Page 11

of 13

AXXEX D
DEED OF IHDERTAr|XG
brr
r Sccrhr ll rd l! Jhrdrrill lhrrrc Nr f5t'
Nr tl S!f...f2aH
r iql|r*f
ly Errd trlhir

fthq
addrcdlth

law'

of ld 49, uilr l*ktr

, fu

herebt*:

bcane

*
*anr h

2 Th* I { drf' adnrtsl b exmfr tie 5orcq*tg Dccd of tfideilaf-r


ild b bil J!ilIEdgEhS-EEIL udr dEbrasrd oodtimof
thefuq-rotrrdcrtaEE;

3.

glriq! frr FglsFci|rn ca hrs-E


h th rdb of reC cfre scrrie rrfi foi.S rccicl
tv lil to be n$rbled rtfi dE llrn4 D|rilant b tmd Rcsofurin
l{F,- 94 s. d 20L ad lhoranfin cbod.. 1lo. 04 serb d 2015, 6
ansdcd;
flEt lllC.d.EIE@Lis

fn

eqgaged

Ih* h @U*re uil fte rcgtstrcio lqdEilatof DGlilg a bond or


hcret' ors and
aoce$atte seorftt,
urdefdes b dcgd s dr bond c $orrt dn srr of fWglTY
r|IlfililD lES(lS (fQq,m), catftod rpr ils ffid cdrc
rEfi se<lton f:f d hecdendal De(re tlo- 9!t, odErde brwn r
n|F.s Prffiu De.tE-'; d
lsafri*n ad ffi5. fh* it b rndersbod $* dE futqlrollg dt dc nt or bood may be
frrfttud h frw ddE nrna h @ J!!il!3LlEiE ]fuL fa& b
oofibs of ls reltstffio r rwikd
coqlt rfllr fu btc d gZL
s. of 2O1{ and llemannAm Cboltr
urdcr lord nsolrtio.t ilc

,f.

llo. 02, sies

2o1a

amsded.

ll IrTlG56 utBEC, I lserrb ft

A, d

ry sagn*re dls
-

M)TARf,ZATIOil

Page 12

of 13

fu,tJ'-

AilltEX

LETTER OF WTIEDRAWAL
OFCASEBOITD

hrmr to Scctirs ll ri Il dfirilatid Dccnc No.l|l7,


s ialuad by Band Rrs&ir llo, f!2, Srrirs d20l{

IfeReqixrdffiel
to|lrlE

ResaqElFaeldft

and lard llse neodatory


RFO Addrcss

Sord

Tlfs is b rtqust wf,ft&ad ddre


rcSituEd hlrircss frtn) tnfu
is be-rg

lcquesd

by

rwt

oft

cdt bood po{*ed b,y the udenglrcd / lre of


lt ltP amrt d
(P
). ThedtffidthecaCr bod

rift theffi
t I gtOUinthercof
grefy bqd cftraooeFblesqritt; o3
I I c-afiq|ftom p|la.tie drcalecbb*r*rfherdgg$tcdnGgidrd
ffi
c A$ortud ncgc*flir d h Orir:sr F-n
Dq*1ltrcr

lbnddnlssd

lrsA=s

nr

H.ftnERG{irElim*

Page 13

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