Philippine Govt. Agencies in Relation to Real Estate Flashcards
LRA - LAND REGISTRATION AUTHORITY
The LRA exists for the sole purpose of implementing and protecting the Torrens system of land titling and registration, as well as registration of transactions involving personal properties. Through its Registry Offices, it constitutes the central repository of all land records involving registered or titled lands as well as registered transactions involving unregistered or untitled lands.
It issues decrees of registration pursuant to the final judgment of the courts in land registration proceedings and causes the issuance by a registrar of deeds of the corresponding certificate of title.
It is tasked to issue all subsequent or transfer certificates of title. It keeps the title history or records of transactions involving titled or registered lands. It provides legal and technical assistance to the courts relative to land registration cases, and to other government agencies with respect to the registration of administratively issued titles. It likewise extends assistance to DAR in the implementation of the Comprehensive Agrarian Reform Program (CARP).
LMB - Land Management Bureau
Formulate policies for the efficient and effective administration and management of alienable and disposable public lands and ensure compliance. Develop land and survey standards and guidelines and ensure their compliance.
DENR - Department of Environment and Natural Resources
What are the priorities and duties of DENR?
To mobilize our citizenry in protecting, conserving, and managing the environment and natural resources for the present and future generations.
DENR is tasked to formulate and implement policies, guidelines, rules, and regulations relating to environmental management and pollution prevention and control.
DSHUD - Department of Human Settlements and Urban Development
DHSUD has regulatory power over real estate developers and brokers and salespersons are obliged to register with the DHSUD before engaging in property selling.
What is the main function of DHSUD?
The Department of Human Settlements and Urban Development (Filipino: Kagawaran ng Pananahanang Pantao at Pagpapaunlad ng Kalunsuran), abbreviated as DHSUD, is the executive department of the Philippine government responsible for the management of housing and related development in the Philippines.
LGU - Local Government Unit
What is the role of local government in real estate?
Local governments are where the rubber meets the road. From implementing zoning regulations and processing requests for waivers to issuing building permits and conducting housing code inspections, localities play a direct role in shaping the housing that gets built in their communities.
DAR - Department of Agrarian Reform
What is the function of DAR Philippines?
The Department of Agrarian Reform (DAR) leads the implementation of the Comprehensive Agrarian Reform Program (CARP) through land tenure improvement, agrarian justice, and coordinated delivery of essential support services to client-beneficiaries.
DAR is the lead government agency that upholds and implements comprehensive and genuine agrarian reform which actualizes equitable land distribution, ownership, agricultural productivity, and tenurial security for, of, and with the tillers of the land towards the improvement of their quality of life.
PRB RES - Professional Regulatory Board For Real Estate Service
PRBRES was tasked to be the policy maker, administrator of licensure examinations, promulgator, and enforcer of the rules and regulations necessary in carrying out the provisions of the law.
AIPO - Accredited and Integrated Professional Organization
What is the purpose of AIPO?
It is this AIPO that is mandated by the law to formulate and uphold a Code of Ethics in the real estate industry. It is also the AIPO with which the PRC is expected to work closely in monitoring private sector compliance with the RESA Law as well as other regulatory policies emanating from the PRC.
NHA - National Housing Authority
What does National Housing Authority mean in real estate?
The National Housing Authority (NHA) is the sole national agency mandated to engage in housing production for low-income families.
NHA was tasked to develop and implement a comprehensive and integrated housing program that shall embrace, among others, housing development and resettlement, sources and schemes of financing, and delineation of government and private sector participation.
HUDCC - Housing and Urban Development Coordinating Council
The Climate Change Commission
The lead policy-making body of the government tasked to coordinate, monitor and evaluate government programs and ensure mainstreaming of climate change in national, local, and sectoral development plans towards a climate-resilient and climate-smart Philippines.
