PRC license a must for property professionals – Lamudi

A license issued by the Professional Regulatory Commission (PRC) is not only a legal requirement for real estate practitioners, but also an advantage for both sellers and buyers, online property site Lamudi said.

In a statement announcing an upcoming awards ceremony for registered brokers on the property listing site, Lamudi reminded real estate service providers and buyers that Republic Act 9646 or the Real Estate Service Act of the Philippines, otherwise known as the RESA Law, requires that all real estate brokers, appraisers, assessors, and consultants must be duly licensed by the Real Estate Board of the PRC.