Philip Recto joins the rank of Real Estate Consultants
Noted architect Philip H. Recto recently passed the first government licensure examination for Real Estate Consultants conducted by the Professional Regulation Commission. This is a requirement of R.A. 9646 also known as the “Real Estate Service Act of the Philippines”, the Implementing Rules and Regulations of which took effect on Aug. 8, 2010.
The scope of examination covered: fundamentals of real estate consulting; standards and ethics; consulting tools and techniques which included project feasibility study and investment measurement tools; real estate finance and economics; real estate consulting and investment analysis; land management system and real property laws; consulting for specific engagements such as consulting for commercial, industrial, recreational and resort/ hotel properties, as well as consulting for government institutions, corporate and financial institutions; etc., and oral defense of project feasibility study before the real estate service board sitting en banc.
As a duly-licensed Real Estate Con- sultant, Arch. Recto can now, for a professional fee, render professional advice and judgment on: (1) the acquisition, enhancement, preservation, utilization or disposition of lands or improvements thereon; and (2) the conception, planning, management and development of real estate projects.
Arch. Recto’s capability in real estate consulting is further enhanced by his over 30 years of active practice in the field of architectural design as head of the successful architectural firm bearing his name. He has always believed that a well-designed building should be aesthetically inspiring, functional and also financially feasible, taking into consideration the market condition, space efficiency in the floor layouts and the highest and best use for the location. This is vital in attaining the maximum rate of return on investment for the owner.
At present, there is only a total of 73 licensed Real Estate Consultants in the country, and Arch. Recto has the distinction of being the first architect to hold such qualification.