PLEASE READ THESE TERMS AND CONDITIONS OF USE CAREFULLY. YOU AGREE TO CHECK FOR UPDATES TO THESE TERMS AND CONDITIONS OF USE. BY USING THIS PAREB MLS WEBSITE, YOU INDICATE YOUR ACCEPTANCE OF THESE TERMS AND CONDITIONS OF USE.
DEFINITION OF TERMS:
PHILIPPINE ASSOCIATION OF REAL ESTATE BOARDS, INC., (PAREB)
REGULAR MEMBERS - Regular Members are natural persons or individuals who are duly licensed Real Estate Service Practitioners (RESPs) and are Members in Good Standing of any Member Board. They are otherwise also referred to as PAREB Members
MEMBER IN GOOD STANDING (MIGS) - Refers to a Regular Member of PAREB with a valid Real Estate Service Practitioner’s PRC (Philippine Regulation Commission) License and who is up to date in the payment of his PAREB Regular Membership dues for the current year and, likewise, a Member in Good Standing as certified to by the Member Board insofar as his Board dues to his Board is concerned.
REGULAR MEMBERSHIP DUES - Each Regular Member shall pay to PAREB annual membership dues, which shall be determined by the National Directorate, through their Member Board, except for Past National Presidents. PAREB shall not receive payment of annual membership dues directly from Regular Members. All collections made during the month shall be remitted by the Local Board to PAREB within ten (10) days of the following month. xxx (ARTICLE VI - MEMBERSHIP DUES AND FEES, SEC. 1. MEMBERSHIP DUES c.) PAREB Lifetime Paid Members are exempted from paying annual dues.
DEADLINE FOR PAYMENT TO BE MIGS - Both the Member Board dues and Regular Membership dues shall be payable not later than March 31 of each calendar year, unless otherwise extended and approved by the National Directorate. ARTICLE VI - MEMBERSHIP DUES AND FEES SEC 2.)
BROKER shall refer to the MIGS who is a Real Estate Broker (REB) authorized to service a client under R.A. 9646.
CLIENT shall refer to the Seller or Lessor or prospective Buyer or Lessee, as the case may be.
LISTING BROKER - Broker of Seller or Lessor;
SELLING BROKER - Broker of Buyer or Tenant;
MULTIPLE LISTING SERVICE (MLS) is sharing of properties information of Listing Brokers with cooperating Brokers or Selling/Leasing Brokers to sell / lease such properties faster.
MLS SERVER means the computer server or servers, including both hardware and software, maintained by PAREB MLS and/or its contractors which contains the MIGS MLS Listing Information and provides or provide the means for PAREB MIGS to access the MLS Listing Information.
Participant means the MIGS who is the Principal Broker, or MIGS’ office staff, partner, corporate officer, or branch office manager acting on behalf of a MIGS who participates in the MLS using said MIGS’ account by agreeing to conform to the Rules and Regulations thereof. For purposes of this Agreement, a “Participant” may also be a non-principal broker or sales licensee or salesperson affiliated with a MIGS who participates in this PAREB MLS with the Principal Broker’s consent; the Participant is the MIGS or individual whose name and contact information appear on the Signature of every posting or corresponding designated section in the MLS website.
RULES refers to the MLS Rules and Regulations, as amended from time to time. Participant hereby acknowledges to agree to be bound by the Rules of PAREB MLS. The Rules may include terms and limitations in addition to those set forth by the MLS Committee of PAREB. In the event of any inconsistency, the terms of the Rules will govern. MLS Committee may modify the Rules at any time, as it deems necessary to better serve the public and PAREB Members. MLS agrees to deliver to Participant any modification or addition to the Rules, and Participant shall comply with such modification or addition not later than five (5) business days after receipt of the same.
We may amend this Agreement and Terms and Conditions from time to time as the need arises, to account for developments under the law, or for any other reasonable cause. Future performance by PAREB MLS Committee of our obligations under this Agreement is sufficient consideration for any such amendment. Any amendment will only become effective upon notification to you by email or by posting on our Team PAREB and PAREB MLS Facebook Groups.
By checking the box next to the "I Agree" button on the sign-up page, by logging in to your PAREBMLS.COM account, by accessing this or by accessing any of the Listings, you accept this Agreement and Rules set herein on behalf of yourself and any business or organization you represent (collectively, "you", PAREB MIGS, Broker, Participant).