MANILA: A task force to eliminate real estate scams and malpractices has been formed in the Philippines
The launch of the National Task Force on Anti-Illegal Real Estate Practice was announced on Monday, the Philstar.com portal reported.
It will be monitored by the Department of Human Settlements and Urban Development (DHSUD), with a target to end 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 through the inter-agency panel, the aspiration is 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, adding the task force will also spearhead activities promoting public awareness and develop capacity-building plans.
Rosario said public concerns amid rising cases related to illegal real estate practices has led to the task force’s establishment.
Part of the task force’ responsibility is to protect the interest and livelihood of licensed brokers and real estate developers, as well as safeguard homebuyers from being duped.