Last November 7, 2013, we celebrated a melancholic and memorable “bitter-sweet” 75th Diamond Anniversary, of the MANILA BOARD of REALTORS.
Manila Board of Realtors, the first and foremost board in the Philippines, was organized on November 7, 1938. It was originally named the “Manila Realty Board”. Its founders were: Macario Arabejo, Jose Araneta, Federico Calero, Jose Felix, Colin Hoskins, Rosendo Subido Jr., J. Perez de Tagle and Tomas De Vera.
Please allow me to state, honor and give due recognition to Realtor Ramon F. Cuervo jr. Who was one of the Pillars of the Manila Board of Realtors, Inc. It is because of Justice, Truth and filial Love, that I need to give due credit to my late father, Ramon Cuervo jr. He was A Great Man, of Value and Worth.
The contributions of our Diamond Realtors, like that of Ramon F. Cuervo Jr., was in Building a Nation, with selfless service in Real Estate. My “Pappy”, Cuervo Jr. was responsible in the introduction of the condominium concept of property ownership. He is known to be the “Father of Condominiums in the Philippines”.
Realtor RF Cuervo Jr. started working on the legal framework of the condominium type of property ownership, since 1960. He studied all the necessary aspects of the law, by attending several real estate conferences in California and Milwaukee. He met with experts from NAR, USA, and learned the American system in packaging condominium projects. He also attended in Madrid a Congress sponsored by The International Real Estate Federation(FIABCI) where he learned more about condominiums , from a European point of view particularly from Spain.
With the help of his Congressman friend and Senators, particularly Atty. Emmauel Pelaez and Senator Eva Estrada-Kalaw, they drafted what is known now as Republic Act 4726 otherwise known as the Condominium Law.
With the intro of condominium type of ownership, Realtor Cuervo manage to put in actual practice the motto that he very well lived on, that of innovating property ownership to its widest distribution.
The condominium fractionalizes land ownership into units maximizing land use, whether it be residential, commercial, retail or industrial use.
This type of property holdings offers absolute ownership of the unit and common ownership to the land and other common areas of the buildings such as stairways, lobbies, hallways, reception areas and other amenities.
We must give due honor and recognition to Senator Eva Estrada-Kalaw, and her colleagues in Congress and Senate, particularly to Realtor Cuervo which is known as the Father of Time Sharing Ownership and Condominiums in the Philippines, for having created a type of property ownership that would later be one of the most practical means of property distribution.
Senator Eva Estrada-Kalaw, a Plaza Miranda blast survivor, is the widow of the late Realtor- Appraiser Teodoro V. Kalaw Jr, Past President of the Manila Board of Realtors.
I am saddened and regret that our once in a lifetime 75th diamond anniversary, passed like a “wink of an eye”, without giving due historical significance and recognition of the contributions done by each of our Founding fathers. The likes of Colin Hoskins who master planned and help develop New Manila in Quezon City. Jose Araneta, who created the Central business district of Cubao, Quezon City.
Federico “Pipo” Calero, who as exclusive Realtor of Ortigas and Co., blazed the trail in the developments of the Mandalyong Estates now known as Plainview and Addition Hills, the Sta lucia Estates, San Juan now as Little Baguio.
Antonio Varias, whose family was present during the celebration, was not even mentioned and yet he authored the first book about Philippine real estate and was the first in recognizing the importance of continuous education study and skills development.
It was no less than , Past Philippine President and now incumbent Mayor of Manila, Honorable Joseph Estrada, our Guest of Honor, who mentioned and gave thanks to Realtor Ramon F. Cuervo Jr. for his advice and contribution to transform San Juan into a City.
We need to ask why did the organizers of the 75th Anniversary ignore and forget the due recognition and contribution of a pillar of Manila Board of Realtors the late Ramon F. Cuervo Jr.
“A prophet has no honor in his own country” (John 4:44)