Got Broker ID

I just got my real estate broker ID.

It is issued by the Department of Trade and Industry, particularly the Bureau of Trade Regulation and Consumer Protection.

In Makati City, the Department of Trade is a major department that is located in various buildings along Jupiter Street.

So it quite confusing, if you don't know your way around.

There is a DTI office along Jupiter Street, and another in a building a ferw blocks away. Still another (National Capital Region) at Trafalgar, dela Costa Street.

The practice of real estate brokers are regulated by the government.

However, my impression is that the regulatory laws lack teeth, to such extent that there is really no difference between a licensed real estate broker and a non-licensed.

I am not aware of any person who acted as a broker despite not having any license, and was penalized.

As I said, anybody can act as broker.

Just get a special power of attorney from the seller.

If there are going to be more effective regulations to the practice of real estate brokerage, then there have to be tougher laws against unlawful practice.