Which organization regulates the sale of properties by real estate dealers?

Prepare for the Subdivision Development 2-1 Test. Study with flashcards and multiple choice questions, each providing explanations and tips. Ace your exam with confidence!

The Housing and Land Use Regulatory Board (HLURB) is the organization responsible for regulating the sale of properties managed by real estate dealers. It plays a critical role in overseeing the development and utilization of land and housing projects, ensuring compliance with legal and regulatory frameworks. The board's main functions include issuing licenses to real estate developers and dealers, registering and regulating subdivisions and condominium projects, and addressing issues related to consumer protection within the real estate sector.

While other organizations mentioned may play roles in different areas of trade, finance, or housing, the specific mandate of HLURB focuses on the proper regulation and administration of real estate transactions, securing the interests of buyers and ensuring adherence to laws governing property development and sales in a structured manner.

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