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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 1 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
Page 1 of 94
AMENDED1
2
ARTICLES of INCORPORATION3
of the45
PHILIPPINE INSTITUTE of REAL ESTATE SERVICE6
PRACTITIONERS (PhilRES) INCORPORATED 78
9
10
Know All Men By These Presents:11
12
The undersigned incorporators, all of legal age and majority of whom are residents of the13
Philippines, have this day voluntarily agreed to form a non-stock and non-profit professional14
association under the laws of the Republic of the Philippines15
16
17
THAT WE HEREBY CERTIFY:18
19FIRST: That the name of this corporation shall be:20
21
PHILIPPINE INSTITUTE of REAL ESTATE SERVICE22
PRACTITIONERS (PhilRES) INCORPORATED 23
24
25
SECOND: The Primary Purpose for which the non-stock and non-profit professional26
association was incorporated is:27
28
29
1. To register, unite and integrate all licensed and registered real estate service30
practitioner and as well as associations in the Philippines into one national body,31
in accordance with the provisions of Section 34, Article IV of R.A. 9646.32
33
2. To insure the accomplishment of the purposes, duties and responsibilities34
prescribed in RA 9646 and its Implementing Rules and Regulations;35
36
3. To take into consideration and observe the relevant Rules in Res. No. 2004-178,37
Series of 2004, particularly Rule 4 thereof (Cancellation of Accreditation) which38
reads: “A Certificate of Accreditation of an accredited professional organization39
shall be cancelled or suspended by the Commission or by any concerned40
professional regulatory board upon approval or concurrence by the commission,41
ONLY AFTER DUE HEARING UNDER ANY OF THE FOLLOWING42 GROUNDS/CAUSES, such as, “5. The Accredited Professional Organization has43
not renewed its certificate of accreditation after a lapse of an unreasonable period44
from date of its renewability xxx”;45
46
4. To consider and not to bar the automatic and mandatory membership of 47
registered member from joining any other affiliate organization of real estate48
practitioners;49
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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 2 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
Page 2 of 94
The Secondary Purposes for which the corporation was incorporated are:50
51
1. To issue certifications of membership in good standing upon payment of the52
fees and dues, lifetime or annually, to the licensed and registered members53
thereof, for presentation to the Professional Regulation Commission (PRC) for54
renewal of their Professional Identification Cards;55
562. To promote and maintain high standards of professional and ethical conduct in57
the exercise of the real estate profession;58
59
3. To keep an updated record, roster, roll and registry of all its licensed and60
registered members;61
62
4. To charge and collect reasonable fees and dues from its licensed and registered63
members and to provide them with all the benefits and privileges due them as64
members;65
66
5. To motivate and encourage the licensed and registered members to undergo the67
Continuing Professional Education (CPE) programs, activities and courses for68the advancement of the real estate service profession;69
70
6. To conduct comprehensive reviews, meetings, seminars, educational courses,71
symposiums, forums and workshops preparatory to licensure examinations and72
which are requirements of the CPE;73
74
7. To adopt, develop and enforce the National Code of Ethics and Responsibilities75
in the practice of the real estate service profession among its licensed and76
registered members, their responsibility to the public, the clients and the77
government and to the professional organization (AIPO);;78
79
8. To assist the Professional Regulatory Board on Real Estate Service (PRBRES)80
and the PRC in their function of safeguarding and protecting the legitimate and81
licensed real estate practitioners and assist the PRBRES and the PRC in82
monitoring all forms of advertisements, announcements, signboards, billboards,83
pamphlets, brochures and others of similar nature concerning real estate84
matters;85
86
9. To seek affiliations with other domestic and international real estate87
organizations whose purposes are also in accordance the association's own88
objectives and the provisions of RA 9646 and other related Philippine Laws on89
real estate service practice;90
91 10. To perform such other lawful functions as may be directed and upon approval92
by the Professional Regulatory Board of Real Estate Service (PRBRES) and93
the Professional Regulation Commission (PRC) pursuant to Sec. 34, Art. IV of 94
R.A. No.9646;95
11. To coordinate with other government agencies, departments, government96
owned or controlled corporations or entities, as well as with other professional97
organizations, and recommend amendments, repeals, sponsorship of laws and98
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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 3 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
Page 3 of 94
or proposed Bills, ordinances or regulations, involving or affecting the real99
estate industry;100
101
12. To develop, set up, train, screen, evaluate and provide a pool/list of qualified102
resource persons necessary to fully service and satisfy all the academic and103
technical and other skills required to fully administer and render Continuing104
Professional Education (CPE) program requirements of all its members;105106
13. To accept and administer grants, bequests, bequeaths and personal properties,107
whether in cash or other property, movable or immovable and, endowments for108
the promotion of the aims of the association. To manage all assets and109
resources of the association for useful purposes and which will be beneficial to110
the association and its members;111
112
14. To acquire, purchase, own, hold, operate, develop, lease, mortgage pledge,113
exchange, sell and transfer in any manner provided by law, real and personal114
property, or any interest therein, as may be necessary and subject to the terms,115
stipulations, and conditions as the National Directorate may impose and which116
are necessary and proper in carrying out the association’s objectives;117118
15. To receive assignments of copyrights and other intellectual property rights and119
to charge and collect reasonable fees or charges for their uses;120
121
16. To be a recipient of titles of properties and to hold and use the proceeds and122
income of stocks, bonds or other securities of any entity, organization or123
association, domestic or foreign for the benefit of the association and its124
members;125
126
17. To open any and all kinds of bank accounts, investment accounts or trusts and127
to invest the association’s funds to businesses and activities which PhilRES128
deems necessary and proper and for purposes for which it was formed and for129
the benefit of its members;130
131
18. To establish a corporation, foundation or association which will help, assist and132
cooperate with PhilRES in all its activities and which will redound to the133
advancement of its members in the real estate profession.134
135
136
THIRD: The principal business office of PhilRES shall be at PHALTRA Bldg.,137
#139 Matahimik St., UP Village, Quezon City, Metro Manila 1100, Philippines or at such other138
address/place as the National Directorate may designate from time to time:139
140141
(As Amended on 13 July 2011)142
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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 4 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
Page 4 of 94
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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 5 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
Page 5 of 94
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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 6 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 7 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
Page 7 of 94
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Amended Articles of Incorporation And New By-Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011Page 8 of 94
Amended Articles of Incorporation And New By Laws
Philippine Institute of Real Estate ServicePractitioners (PhilRES) Incorporated
13 July 2011
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