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What is the governments fundamental policy behind the Real Estate Service Act?

April 26, 2017ACT fundamental government policy Real Estate service

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What is the governments fundamental policy behind the Real Estate Service Act?

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RA 9646 SECTION 2. DECLARATION OF POLICY. The State recognizes the vital role of real estate service practitioners in the social, political, economic development and progress of the country by promoting the real estate market, stimulating economic activity and enhancing government income from real property-based transactions. Hence, it shall develop and nurture through proper and effective regulation and supervision a corps of technically competent, responsible and respected professional real estate service practitioners whose standards of practice and service shall be globally competitive and will promote the growth of the real property industry.