The government has created a national task force that will put an end to scams and other malpractices in the real estate sector.
The Department of Human Settlements and Urban Development (DHSUD) has rolled out the National Task Force on Anti-Illegal Real Estate Practice to end the scams through proactive measures.
The Departments of Justice, Interior and Local Government and Environment and Natural Resources, Land Registration Authority, Professional Regulation Commission, Philippine National Police and National Bureau of Investigation are also part of the task force.
DHSUD chief Eduardo del Rosario said the inter-agency panel aims to end the fraudulent activities in the housing and real estate industry.
“Each of our partner agencies has a crucial role in the implementation of a comprehensive program to address illegal real estate practices,” he said.
Del Rosario said aside from ensuring the elimination of fraudulent real estate practices, the task force will also spearhead activities promoting public awareness and develop capacity-building plans.
Public clamor amid rising cases related to illegal real estate practices led to the task force’s establishment, he said.
Part of the DHSUD’s mandate is to protect the interest and livelihood of licensed brokers and real estate developers, as well as safeguard homebuyers from being duped.
Source: Philstar