tag:blogger.com,1999:blog-84370065187775782982026-10-08T04:38:05.891-07:00By Rltr® John R. Petalcorin - Founder of RealterSociety.Org, Lead Volunteer Convenor of IPORESP.Org, Exclusive Buyer Agent, pro bono Consumer Rights Advocate, peer-to-peer coaching, matching buyers and sellers for FREE.Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.comBlogger463125tag:blogger.com,1999:blog-8437006518777578298.post-55731671244032488792015-05-03T00:10:00.004-07:002015-05-03T00:12:15.094-07:00

Where Justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is in an organized conspiracy to oppress, rob, and degrade them, neither persons nor property will be safe. - Frederick Douglass.

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-6009987960989078582014-12-31T10:39:00.002-08:002014-12-31T14:43:21.424-08:00

A friend once asked me: "what legislation would be best to tie up environment and real estate?" I answered: "The nine square meters of land around a tree should be exempt from real property tax because the people in general benefits from that tree. This law would also encourage people to plant trees on the land that they own to minimize tax". Happy new year to all. If there is anything else

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-39690558647300359142014-10-08T13:05:00.002-07:002014-10-08T13:05:52.278-07:00

I personally believe that allegations of understatement or overstatement of real estate values in SALN declaration of public officials must be proven with proper certification by a professional real estate appraiser. The problem is, what if the public official will not give consent to a third party appraising service that will be engaged by the allegator? To implement this, there must be a

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-42459605126306609282014-09-29T16:03:00.002-07:002014-09-29T16:03:25.794-07:00

Question: Rltr. John, I have a question about my uncle was an old-time licensed real estate broker in PH. Is he entitled to the commission of a sale transaction that he previously worked on prior to the expiration of his license? Answer: YES. His date of entitlement is the date he introduced the customer (buyer) to the client (seller or owner). If he was a licensed Broker during that date of

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com2tag:blogger.com,1999:blog-8437006518777578298.post-4576365210001749722014-05-20T19:30:00.000-07:002014-05-20T19:30:17.416-07:00

When a property owner fails to pay his MORTGAGED PROPERTY, the property will be foreclosed by the bank and that property becomes FORECLOSED PROPERTY. A foreclosed property becomes an ACQUIRED ASSET of the bank after the release of the Court's decision to convey the ownership of the property in favor of the bank. The Court Order usually comes with an eviction provision if there are occupants that

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com3tag:blogger.com,1999:blog-8437006518777578298.post-5984668108632852402014-05-20T16:12:00.002-07:002014-05-29T08:53:47.165-07:00

MY RESPONSE TO BIR Required Affidavit of Real Estate Broker - Factors In Determining Their Service Fees RR 4-2014 Competition in real estate services is fierce. We have to compete not only with licensed ones, but also with the unlicensed ones who are being tolerated by government despite the passage of the RA 9646. We cannot expose the names of our clients because the leads information might be

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-43198185875311660742014-05-18T22:45:00.003-07:002014-05-18T22:46:02.693-07:00

MIGRATION FROM LICENSED TO UNLICENSED For the best interest of survival, let's focus on migrating everyone from licensed status to unlicensed kasi mas mag survive tayo pag unlicensed tayo kesa sa licensed, kasi hindi naman protected ng GPH ang proprietary rights natin sa profession eh. GPH is still protecting the colorum (in fact protected by BIR). The CPE is exorbitant. The IPO is subjected to

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-4382832353245813972014-03-11T21:40:00.000-07:002014-06-23T00:58:30.294-07:00

PLEASE HELP SPREAD AND GET THIS PETITION SIGNED BY MEMBERS OF CONDOMINIUM AND SUBDIVISIONS HOMEOWNERS ASSOCIATIONS. THANKS. The URL of the Online Petition is at http://chn.ge/N587sr. Petitioning Commissioner Kim S. Jacinto-Henares Petition to VAT-Exempt the Homeowners Associations In 2012, the Bureau of Internal Revenue (BIR) published Revenue Memorandum Circular (RMC) No. 65-2012 that

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-83627693026375752542014-02-28T11:33:00.001-08:002014-02-28T11:33:47.206-08:00

I am happy that the Supreme Court has declared the Real Estate Service Act (RESA) constitutional. Read . If there is anything else important that I forgot to include in this article, or if you experienced a real estate transaction that is anomalous, scam, fraudulent scheme that you want me to document and expose for others to be warned, or if you want to donate to the war chest of real estate

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Income from rent is categorized under passive income and is therefore subject to 20% tax. As BIR becomes aggressive on taxing passive income, even to the point of checking the bank accounts of people, rents nationwide will surely increase. Heads up: massive inflation is inevitable. Think about this. Real estate lease agents only take 8% commission, while BIR takes 20% tax. Ridiculous. If there

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-89887693422587751572013-12-06T03:51:00.002-08:002013-12-06T03:51:26.247-08:00

Real Estate practitioners who choose to specialize as teachers should qualify/work in CHED-accredited universities. The universities will provide CPE-services (whether on retainer basis, on-call, or regular basis) for the Realty Corporation. The training would contain subjects on leadership, sales techniques, and PROJECT FEATURES for a total of 60 hours (or whatever number of hours the PRC will

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-85907101616609951552013-08-15T20:08:00.002-07:002013-08-15T20:08:44.655-07:00

According to this website, http://www.findyourfate.com/deathmeter/deathmtr.html, my death of date will be 1 Nov 2047. I have 12495 days to live. If there is anything else important that I forgot to include in this article, or if you experienced a real estate transaction that is anomalous, scam, fraudulent scheme that you want me to document and expose for others to be warned, or if you want to

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com2tag:blogger.com,1999:blog-8437006518777578298.post-59082004635561189482013-08-09T21:57:00.000-07:002013-08-09T21:57:40.006-07:00

QUESTION: Sir John, the PRB-RES issued Lecturer Accreditation to some RESPs. What can you say about this? ANSWER: That kind of certification does not restrict anyone from teaching or lecturing. That is plain cosmetics for the vain ones who want to put so many certificates on their walls, but tolerable. The PRB-RES may issue whatever certification you want as long as you pay for it. Some says

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-63045701998608177802013-08-06T19:57:00.002-07:002013-08-06T20:16:14.421-07:00

QUESTION: Rltr. John, there is an idea that income tax return be required in renewing license from the Professional Regulation Commission. What is your thought on this? ANSWER: That's a "half good" idea and therefore "half-welcomed". The other half of the good idea is that real estate marketing companies and individual taxpayers who derive income from real estate service (such as agents,

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-91429041161158028622013-08-04T16:26:00.002-07:002014-05-20T18:01:48.269-07:00

OPEN MESSAGE TO BIR, DOF, and DOJ We are happy that BIR will pursue self-employed professionals who are tax evaders. We hope that BIR will not waste its effort in barking at a wall or the wrong tree. Most of us who proudly call ourselves "self-employed" are, in reality, either unemployed or underemployed -- meaning, we don't actually make money because of government failure to protect our

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-82016242400654731182013-08-03T03:45:00.000-07:002013-08-03T03:46:51.927-07:00

QUESTION: Rltr. John, my Salesperson violated the Real Estate Service Act of 2009 and I want to fire him. How do I write the request for cancellation of his PRC Registration? ANSWER: See sample/guide below. SUBJECT: Request for Cancellation of Salesperson’s Registration with Negative Note ATTN: PRB-RES Professional Regulations Commission Manila Please cancel the Real Estate Salesperson

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com1tag:blogger.com,1999:blog-8437006518777578298.post-59779621355438935372013-08-03T02:12:00.001-07:002013-08-03T03:11:39.598-07:00

PURPOSES Issuance of True Copies of Subdivision Plans Issuance of True Copies of Technical Description Issuance of True Copies of Decrees of Registration Issuance of True Copies of Certificates of Titles Issuance of True Copies of Other Documents Certifications on Status of Plans/Lots Issuance of Certificates of Title Approval of Subdivision Plans Due-Diligence before buying, query, search

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-26054383526201783352013-08-02T21:48:00.000-07:002013-08-02T21:56:58.521-07:00

According to Source 1. Pre-selling (by Developer or Builder) 2. Brand New (by Developer or Builder) 3. Reselling (by Owners, Dealers, Brokers) 4. Foreclosed (by Banks and Government) According to Physical Form 1. Lot (Land) 2. House and Lot 3. Condominium (Vertical or Horizontal) Kinds of Houses 1. Single Detached 2. Duplex 3. Row House Kinds of Condominium Units 1 Residential

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-50428708761614497152013-07-10T20:40:00.002-07:002014-06-23T00:54:33.776-07:00

QUESTION: Rltr John, this is about Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 65-2012. Is there a law that we can cite as reference to debunk the BIR ruling that imposes VAT on Association Dues? ANSWER: Oh yes there is. Section 18 of the Magna Carta for Homeowners and Homeowners’ Associations (Republic Act 9904) of January 7, 2010, says: "Where the LGUs lack

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com2tag:blogger.com,1999:blog-8437006518777578298.post-791386163691245292013-07-09T08:12:00.002-07:002013-07-09T08:14:01.496-07:00

I will publish an online database that will show name and evidence of colorum real estate agents and open its online access to the public. It should be everyone's duty (1) to collect fliers and websites of colorum real estate agents, (2) to take a digital photo of it, and (3) send it to me by email. Aside from telling the public to verify in PRC website to determine if the agent they are

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com2tag:blogger.com,1999:blog-8437006518777578298.post-32007685216448296122013-07-09T07:25:00.000-07:002013-07-09T07:25:16.810-07:00

Marriage is a "Partnership". It cannot be a "Sole Proprietorship", nor a "Corporation". Although used for the same purpose, chopsticks was invented way back earlier than spoon and fork. If the pro-same-sex-marriage advocates could have been the same people who invented the spoon and fork, they could have called it chopsticks. What I am saying is, the fuck I have nothing against vaginas

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-42240926970417506452013-07-08T20:12:00.003-07:002013-07-08T20:14:55.018-07:00

Allowing Eastwood City, Fort Bonifacio Global City, and Filinvest City to carry the word "CITY" makes the Philippines most stupid government in the whole world. Metro Manila has three international airports, and far from each other. Where is the "sense of intelligence" in naming the three Ninoy Aquino International Airport? Should the three be named differently so that people will not get

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-20693860260806339122013-07-08T19:14:00.000-07:002013-07-08T19:14:17.440-07:00

ATTN REAL ESTATE EDUCATORS AND PRC: Don't you understand this? Do you (or we as Filipinos in general) want to establish an identity or character na mga BOBO tayo at hindi nakaka-intindi ng sarili nating batas in English? Meron nang CHED curriculum in Real Estate Service and implemented na effective 1st Sem 2012. Ganun na ba kayo ka GUTOM at hindi na nag-function ang utak ninyo para suwayin eto

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-66630976531529619422013-07-08T16:43:00.003-07:002013-07-08T16:43:53.084-07:00

QUESTION: Hi Sir Rltr John, Question: I knew someone who is a broker in the united States, specifically Atlanta, Georgia. She is an American. In terms of Reciprocity, how can she practice here in the Philippines? She is also interested in my listings. ANSWER: If you ask me about what the law says, she can't practice here. If you ask me about what reality says, she can practice and make money

Rltr. John R. Petalcorinhttp://www.blogger.com/profile/00351282231301118967noreply@blogger.com0tag:blogger.com,1999:blog-8437006518777578298.post-12905435412098066272013-07-07T06:52:00.000-07:002013-07-07T06:52:51.127-07:00

Aside from the Passport Booklet, the Philippines should already have a Philippine Passport ID Card. Please contact the Department of Foreign Affairs about it. It should be something similar to what the Americans have.If there is anything else important that I forgot to include in this article, or if you experienced a real estate transaction that is anomalous, scam, fraudulent scheme that you

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