Institute of Real Estate Professionals, Sri Lanka Act 2026 · As enacted
9. Use of title of the Institute
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Any Corporate Member of the Institute shall be entitled to take and use the title as “A Member of the Institute of Real Estate Professionals, Sri Lanka” and to use the abbreviation “FIREPSL” after his name to indicate that he is a Fellow Member of the Institute and to use abbreviation
“MIREPSL” after his name to indicate that he is a Member of the Institute.
In addition to the titles specified in subsection (1), a Corporate member may, upon an evaluation by the
Membership Committee appointed under section 18 based on such member’s eligibility, performance and merits and subject to the approval at the annual general meeting of the
Institute, be awarded the designation of “Chartered Real
Estate Professional”.
Any firm carrying out the practice of real estate development and management, subject to such requirements as specified in the Schedule to this Act may request the
Institute to consider awarding membership of the Institute:
Provided however, the firm requesting membership of the Institute shall have legal rights to operate real estate functions and have a minimum of two or more corporate members of the Institute as partners of such firm.
A request made under subsection (3) may be considered by the Membership Committee appointed under section 18 and with its recommendations, be submitted for approval at the annual general meeting of the Institute.
Where two or more of the partners of a firm are
Corporate Members of the Institute, the Council may permit such firm to take and use the principal title “Chartered Real
Estate Professional” as part of the description of such firm.
Save as aforesaid, no person or a body of persons shall take or use the title of the “Chartered Real Estate
Professional”, the abbreviations of the “FIREPSL”, or the
“MIREPSL”, as the case may be, or use the same as the name or part of the name in any book, journal or any other publication dealing with real estate professional practice, as a consulting firm.
Unless offered by the Institute, no member shall take or use any title or abbreviation referred to in subsection (1).