Blog Posts on anomalies scams and schemes in real estate deals




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Counterfeit Certificate of Authority to Register - Fake CAR by Real Estate Service Coach on Apr 1, 2012BIR charges two individuals and Dagupan City Registrar of Deeds for fake CARThe Bureau of Internal Revenue (BIR) today filed a criminal complaint against twoindividuals, together with the Registrar of Deeds of Dagupan City, in connection with the tra...



Policy on Quack Agents by Real Estate Service Coach on Jan 27, 2012QUACK AGENT - this is my new word for this week. You can use this to ridicule another agent (for some reason) at your most convenience. For example, you can print a large tarpaulin that says, "WISE BUYERS AVOID QUACK AGENTS".Always remember the rule...



CONSULTANTS - Most Victimized by Colorum by Real Estate Service Coach on Dec 6, 2011QUESTION: Sir John, anong real estate profession ang pinaka-biktima ng colorum? ANSWER: Surprisingly, the Real Estate Consultants. Why? It is because most unregistered salespersons of Development Projects call themselves "PROPERTY CONSULTANTS". M...



Dealing with Brokers Associated with REBAP and PAREB is Discouraged by Real Estate Service Coach on Oct 14, 2011Selective Lawfulness Anomaly. It appears that the Associations (special mention PAREB and REBAP), who claim to be "law-abiders and licensees", are still conducting CPE and SEMINARS without AIPO CPE Council yet. The public has to be informed NOT TO DE...



A Case of Double Sale of Memorial Lot by Real Estate Service Coach on Jun 23, 2011QUESTION: Sir John, Buyer bought pre-sell project 2 years ago, I am not the Agent. Now Buyer have problem with undisclosed defect of the project and wants to withdraw and avail of Maceda Law and will go to court. Can I offer my services? ANSWER: NO y...



The Anomaly of a Useless For Sale Sign by Real Estate Service Coach on Jun 9, 2011Question: Sir John, 4 yrs ago I buy house/lot from a developer, P12M outright cash investment. I decided to sell it and placed For Sale sign sa house, over 1yr na no inquiry. Bakit? ANSWER: Buyers can't see your sign. The gate guard of subdivision or...



Salespersons Cormorant Fishing Anomaly by Real Estate Service Coach on May 24, 2011QUESTION: Sir John, ahente po ako ng developer, bakit po hindi ako nakakabenta? Nag try ako two months araw-araw namigay ng fliers sa Ayala, wala benta. Lumipat ako sa Robinsons, ganun din wala rin benta. Bakit ko kailangan magpa register sa PRC eh w...



PRB-RES Anomaly in approving New Appraisers by Real Estate Service Coach on Mar 31, 2011Sir John, ako po ay licensed real estate broker rin at nagbabalak kumuha ng appraiser exam. Ako lang po ay nalulungkot sa mga kaganapan sa board of res,sa dahilang may nakikita akung mga mali tulad halimbawa ng sec 20(b)(c), malinaw na nakasaad dito...



ANOMALY: Burning, the fastest way of demolition by Real Estate Service Coach on Feb 11, 2011Please require a full disclosure from your agent. If you find out that the condominium or mall development area was used to be a squatter's area that was BURNED, please don't buy these projects.Read more about this at http://pinoyweekly.org/new/2011/...



Real Estate Agent Indicted for Tax Exasion by Real Estate Service Coach on Jan 27, 2011A lot (if not all) of real estate agents and brokers are not paying their taxes because of government failure. One reason is failure of Professeional Regulation Commission (PRC) to implement Section 33 of the Real Estate Service Act of 1999 (R.A. No...