What is this RESA PHILIPPINES 2011?

From my notes at the Real Estate Continuing Professional Education(CPE)seminar

RESA  is the Real Estate Act – Republic Act No. 9646 which changes the Landscape in Real Estate Service Practice.

The Real Estate Service Practice was considered a TRADE rather than a PROFESSION in the Philippines.  RESA now makes it a Profession rather than a Trade.  In the past,  as a Trade,  it was administered by the Department of Trade and Industry (DTI) and was specifically assigned to the Bureau of Trade and Consumer Protection (BTRCP).  As a Profession, it is now  handled by a Professional Regulatory Board of Real Estate Service (PRB-RES) which is under the supervision of the Professional Regulation Commission (PRC). Read more...