RESA Law Flashcards
1
Q
What is the penalty for RESA law violators?
A
Penalty or fine of not less than p100,000 or imprisonment of not less than two years, or both.
If the violation is committed by an unlicensed real estate service practitioner, the fine and imprisonment shall be doubled.
2
Q
Real Estate Service Act, R.A. 9646, was signed into law by whom?
A
President Gloria Macapagal Arroyo on 29 June 2009
