Privacy Policy
Your privacy is important to us. This policy explains how VersaVentures collects, uses, and protects your personal information in compliance with Philippine laws.
Last updated: January 4, 2025
VersaVentures Business Brokerage Services ("we," "our," or "us") is committed to protecting your privacy and personal data. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our real estate services, website, and mobile applications.
We comply with the Republic Act No. 10173, also known as the Data Privacy Act of 2012 (DPA), and other applicable Philippine laws and regulations regarding data protection and privacy.
Personal Information
- Full name, address, phone number, and email address
- Government-issued identification numbers (when required for transactions)
- Financial information (income, employment details, bank information for property transactions)
- Property preferences and search criteria
- Transaction history and communication records
Technical Information
- IP address, browser type, and device information
- Website usage data and analytics
- Cookies and similar tracking technologies
- Location data (when permission is granted)
Property-Related Information
- Property ownership documents and titles
- Property valuation and assessment records
- Photos and descriptions of properties
- Market analysis and comparable sales data
We use your personal information for the following purposes:
- Property Services: To facilitate property buying, selling, renting, and management services
- Client Matching: To match buyers with suitable properties and connect property owners with qualified tenants
- Communication: To respond to inquiries, provide updates, and send relevant property listings
- Legal Compliance: To comply with Philippine real estate laws, BSP regulations, and anti-money laundering requirements
- Marketing: To send promotional materials about our services (with your consent)
- Analytics: To improve our services and website functionality
- Security: To protect against fraud and ensure platform security
Under the Philippine Data Privacy Act, we process your personal data based on:
- Consent: When you explicitly agree to our data processing activities
- Contract: When processing is necessary for the performance of real estate contracts
- Legal Obligation: When required by Philippine laws (e.g., BSP regulations, tax requirements)
- Legitimate Interest: For business operations, fraud prevention, and service improvement
- Vital Interest: When necessary to protect life or health in emergency situations
We may share your information with:
Authorized Third Parties
- Licensed Real Estate Brokers: Other PRC-licensed brokers for property transactions
- Financial Institutions: Banks and lending companies for mortgage processing
- Legal Professionals: Lawyers and notaries for document preparation and legal compliance
- Government Agencies: BIR, LRA, city assessors, and other regulatory bodies as required by law
Service Providers
- IT service providers and cloud hosting companies
- Marketing and communication platforms
- Payment processors and escrow services
- Professional photographers and property inspectors
Important: We never sell your personal information to third parties. All sharing is done with your consent or as required by Philippine law.
We implement appropriate technical and organizational measures to protect your personal data:
- Encryption: SSL/TLS encryption for data transmission and storage
- Access Controls: Role-based access and multi-factor authentication
- Regular Audits: Security assessments and vulnerability testing
- Staff Training: Regular privacy and security training for employees
- Data Backup: Secure backup systems with disaster recovery procedures
- Incident Response: Procedures for data breach notification as required by NPC
Under the Philippine Data Privacy Act, you have the following rights:
Right to Information
Be informed about data processing activities
Right to Access
Request copies of your personal data
Right to Rectification
Correct inaccurate or incomplete data
Right to Erasure
Request deletion of your data (subject to legal requirements)
Right to Object
Object to certain types of processing
Right to Portability
Transfer your data to another service provider
To exercise your rights: Contact our Data Protection Officer at[email protected] or call +63 917 156 3309.
We retain your personal data for the following periods:
- Client Records: 10 years after last transaction (as required by BSP and BIR)
- Property Listings: 3 years after listing expiration
- Marketing Communications: Until you unsubscribe or object
- Website Analytics: 2 years from collection
- Legal Documents: As required by applicable laws and regulations
We use cookies and similar technologies to:
- Remember your preferences and settings
- Analyze website traffic and user behavior
- Provide personalized property recommendations
- Ensure website security and prevent fraud
You can control cookies through your browser settings. However, disabling cookies may affect website functionality.
Some of our service providers may be located outside the Philippines. When we transfer your data internationally, we ensure:
- Adequate level of protection as required by the NPC
- Appropriate safeguards through standard contractual clauses
- Compliance with Philippine data protection laws
- Your consent when required
If you have questions about this Privacy Policy or our data practices, please contact:
Unit 305, The Rivergate Complex
Gen. Maxilom Ave, Cebu City 6000
Philippines
For complaints: You may also file a complaint with the National Privacy Commission (NPC) atprivacy.gov.ph
We may update this Privacy Policy from time to time to reflect changes in our practices or applicable laws. We will notify you of material changes by:
- Posting the updated policy on our website
- Sending email notifications to registered users
- Displaying prominent notices on our platform
Your continued use of our services after the effective date constitutes acceptance of the updated policy.