Renewing DHSUD for Real Estate Broker

Renewal for the DHSUD (formerly HLURB) for real estate broker happens every year. It will expire at the end of December so renewing before the year ends is crucial. A late fee of Php200 is charged when you renew the next year. 

Requirements for renewal: 

1. Photocopy of cash bond (Php5,000). You can opt for the yearly renewal but the one-time fee is cost-effective in the long run, especially if you plan to sell projects directly from developers. 

2. Photocopy of valid PRC real estate broker ID. 

3. Photocopy of previous Certificate of Registration from DHSUD.

4. Payment fee of Php720.

5. Signed formed from DHSUD office. 

 The CoR will be ready within 1-3 weeks, depending on workload. The DHSUD office is now located at ADG IT Center in Mandaue, Cebu City.  

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DHSUD seeks incentives for ‘rental housing’

The Department of Human Settlements and Urban Development (DHSUD), the central housing authority in the country, is looking at incentivizing “rental housing” by including this scheme in the list of projects under the Strategic Investment Priority Plan (SIPP).

DHSUD Real Estate Development and Regulation Bureau OIC-Director Atty. Angelito Aguila said at the “Kapihan sa DHSUD: Housing Matters” that there are talks with the Board of Investments (BOI), the main agency in the crafting of the SIPP, to include even rental housing in the list.

“We have to come up with other modes of secured housing. We can grant usurfruct for housing for those who are not yet ready for home ownership in terms of affordability and preference by providing temporary rental,” he said.

Aguila explained that ‘rental housing’ is another provision of the country’s 20-year Housing Roadmap, which seeks to address two issues of housing backlog and affordability.

“For those who want a home in the city for their children in school and eventually go back to the province, why not just provide with temporary rental housing,” said Aguila.

SOURCE: MB

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Government takes next steps in fight against Philippine real estate scammers - DotProperty

The Department of Human Settlements and Urban Development (DHSUD) is taking active steps to weed out illegal practitioners in the real estate industry. 

 I think this is a must for the department to tackle on since some unscrupulous people are selling properties without the necessary licenses/papers.  This puts at a disadvantage real estate professionals who pay the right taxes/fees to practice the profession with utmost integrity. This also puts a risk to interested buyers of property if they are dealing with unlicensed individuals who may take their money and run away.

Full article here: DotProperty

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