WHY IS IT DANGEROUS TO DEAL WITH UNLICENSED REAL ESTATE AGENTS?

The law clearly states that unlicensed real estate service practice is illegal. Unfortunately, many gullible people are still lured by bogus property agents in the Philippines, posing to render real estate services. Many more Property sellers still patronize so-called freelance illegal property agents because they can avoid paying taxes and proper commission rates.

But here are some of the reasons why it is dangerous to deal with illegal and unlicensed property salespersons in the Philippines:

1. Bogus agents do not have a license to protect. When you deal with a licensed real estate professional, you know that you can file for cancellation of his/her license, if that real estate service practitioner had done any malpractice. On the other hand, if a bogus property agent swindled you, you cannot file for cancellation of his/her license because the bogus salesperson doesn’t have a license in the first place!

Fake Real Estate Agent

2. You know exactly where you can find a licensed professional because he/she would have an office and/or a professional organization he/she belongs. And simply by looking at his/her license card, you’ll see his/her background, address and credentials. When a bogus property agent ran away with your money, you’ll never know where to find that scumbag because he/she doesn’t have an office or professional affiliation! And since a bogus sales-person will never show you any professional credentials, what information will you submit to the police other than a cartographic sketch?!

3. When you deal with a licensed real estate service practitioner, you have the confidence of transacting with professionals. Licensed professionals, need to adhere to the ethical, moral, professional standards and services of the industry. On the other hand, bogus property sales-persons do not have these code of ethics, conducts and standards, otherwise they won’t be practicing real estate service illegally in the first place!

 

Dubious practices such as: Misleading information, loan-shark-deals, fake property titles, bogus real estate appraisals, phony property mortgage processing, forgery, fake ID’s, fake registered owner, fake registered spouse, fake Special Power of Attorney, tampered Extra-judicial Settlement of Property, inaccurate calculation of taxes, dubious squatters’ settlement, and many more… I often hear stories about these all the time, simply because these poor ill-informed people have dealt with a bogus real estate agent who do not abide by any moral, ethical, and legal standards.

culorum real estate agents

4. And lastly… It is illegal to deal with unlicensed bogus property agents in the Philippines. Dealings by unlicensed real estate agents are punishable by law according to Republic Act 9646. You can look it up with google and find the complete texts of the law. Violation of Republic Act 9646 is punishable by:

 

• For Licensed Practitioners, the punishment shall be not less than 100,000.00 Philippine Pesos fine or Imprisonment for not less than 2 years or both!

 

• For unlicensed people, the punishment shall be not less than 200,000.00 Philippine Pesos fine or Imprisonment for not less than 4 years or both!

DO NOT BE AN ACCOMPLICE IN VIOLATING THE LAW!!! Obey the law! Avoid getting arrested!

Unlicensed Real Estate Agent caught by police

 

SA MONTALBAN RIZAL, MARAMING NABIKTIMA NG KULORUM REAL ESTATE AGENTS!!!

Affiliates



FEATURED PROPERTIES

High class property angeles



Bargain Properties Angeles City



rent to own angeles



business for sale angeles



Lot for sale Angeles



Foreclosed Properties Angeles



Raw Lands Philippines

MORE PROPERTIES

CONTACT US


TELEPHONE NUMBERS
Please text full name and reference number


+639255681916


+639175064356


+639152849598


+639328504356



kingdavidrealtyco@gmail.com
kingdavidrealtyco@gmail.com


http://www.facebook.com/kingdavidrealty

REMINDER!!!

ALWAYS TRANSACT BUSINESS WITH LICENSED REAL ESTATE SERVICE PROVIDERS!!!

DEALINGS BY UNLICENSED REAL ESTATE AGENTS ARE PUNISHABLE BY LAW. Republic Act 9646

CHECK IF YOU'RE DEALING WITH LICENSED REAL ESTATE BROKERS HERE

real estate board prc

Cheers,

Gary Louis David

Real Estate Broker License No. 0003469

VP for Marketing KingDavid Realty Co.


Hit Counter provided by Best Seo Packages