Manila Board of Realtors, Inc. is the oldest professional association of real estate practitioners in the Philippines. Founded on November 7, 1938, it was originally named the Manila Realty Board.
The founders were Macario Arabejo, Jose Araneta, Federico Calero, Jose Felix, Colin Hoskins, Rosendo Subido, J. Perez de Tagle, and Tomas de Vera. Many of them were among the country’s pioneering leaders in the real estate industry.
Meeting with Manila Board of Realtors and US Architects and Urban Planners on the re-building of Manila after World War II
General Assembly of Manila Realtors after World War II with leaders of the Real Estate industry and representatives of Realtors from U.S.A. (1947)
In 1952, the Manila Realty Board was incorporated with the Securities and Exchange Commission of the Philippines as the “Manila Board of Realtors, Inc.” At that time, it was the country’s affiliate board of the U.S. based National Association of Realtors (NAR) and was granted the right to use the term – “Realtors” by the NAR. Among the incorporators were founding realtor members – Federico Calero, Colin Hoskins, Lucio Ildefonso, Tedoro Kalaw, Jr., Gervacio de Ocampo, Jr., Rosendo Subido, Antonio Varias, Artemio Valencia, and Tomas de Vera.
Formation of Manila Board of Realtors with Colin McCrae Hoskins, Federico (Fipo) Calero, Ramon F. Cuervo Jr. and representatives of the National Association of Realtors, U.S.A. (1948)
As its ranks grew beyond Manila, there was a need to create new chapters nationwide. Thus Manila Board spearheaded the organization of several other realtor boards in various cities nationwide and this today has become the country’s largest group of realty practitioners – the Philippine Association of Realtors Boards (PAREB). Eventually, many other real estate organizations spinned off from the PAREB, among them – REBAP and NAR Philippines. PAREB itself was incorporated in 1960 and today has more than 50 member boards nationwide.
Today, Manila Board continues to be one of the biggest realty association in the country with more than 200 members comprising of real estate brokers, appraisers, consultants and corporate members who are property developers.