Definition of Habitually Engaged in Real Estate Business

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HLURB ADMINISTRATIVE ORDER NO. 12, S. 2000: Definition of Habitually Engaged in Real Estate Business

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Title Source: Supreme Court: Definition of Habitually Engaged in Real Estate Business

Law: Hlurb Administrative Order No. 12, S. 2000

Decision Date: Dec 14, 2000

The resolution defines "habitually engaged in real estate business" as individuals or entities that regularly develop and sell subdivisions or housing for profit, ensuring compliance with government reporting standards to enhance tax collection and regulatory clarity.

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