Real Estate Management Flashcards

Vocabulary flashcards based on the History of Land Registration in the Philippines.

Collin M. Hoskins

American merchant who settled in the Philippines in the 1920s and is considered the originator of real estate practice in the Philippines.

Manila Board of Realtors

Organization formed in 1938 to formalize networking among real estate professionals.

Commerce Administrative Order No. 60-1

Prescribed examination for licensing of Real Estate Brokers and Appraisers.

Administrative Order No. 75-1

Provided for the licensure of Real Estate Consultants.

Act 496 Land Registration Law of 1902

Law that created the Court of Land Registration (CLR) and the office of the Registers of Deeds.

Torrens System

System of registration whereby real estate ownership may be judicially confirmed and recorded in the archives of the government.

General Land Registration Office (GRLO)

Replaced the Court of Land Registration.

Land Registration Commission (LRC)

Took over the powers and functions of the GLRO and was in direct control of the Registers of Deeds (RDS).

EO No. 649

Reorganized the LRC into the National Land Titles and Deeds Registration Administration (NLTDRA).

Land Registration Authority (LRA)

Agency under the Department of Justice responsible for issuing decrees of registration and certificates of titles