tiktok���˰�

The Agreement Between Broker And Owner is a fundamental document in Philippine real estate transactions, designed to protect the interests of both property owners and licensed real estate brokers. This agreement is essential when a property owner wishes to engage a professional broker's services for selling or leasing their property in the Philippines. The document must comply with the Real Estate Service Act (RESA) of 2009 and related Philippine regulations, which set strict requirements for broker qualifications and professional conduct. It typically includes detailed provisions about the property, scope of services, commission structures, marketing strategies, and legal obligations. This agreement is particularly important in the Philippine context as it helps ensure transparency in real estate transactions and provides a clear framework for the professional relationship between owners and brokers, while addressing specific local market practices and regulatory requirements.

1. Parties: Identifies and provides full details of the Property Owner and the Licensed Real Estate Broker, including their respective addresses and license/registration numbers

2. Background: Establishes the context of the agreement, including the owner's intention to sell/lease the property and the broker's qualifications

3. Definitions: Defines key terms used throughout the agreement including Property, Commission, Listing Period, etc.

4. Appointment and Authority: Formally establishes the broker's appointment and specifies the scope of authority granted by the owner

5. Property Details: Comprehensive description of the property including location, boundaries, and title information

6. Broker's Services and Obligations: Details the specific services to be provided by the broker including marketing, showing property, negotiating, etc.

7. Owner's Obligations: Outlines the owner's responsibilities including providing accurate information, maintaining the property, etc.

8. Commission Structure: Specifies the broker's commission rate, payment terms, and conditions for commission eligibility

9. Term and Termination: Defines the duration of the agreement and conditions for termination

10. Representations and Warranties: States the parties' representations regarding authority, property ownership, and broker's qualifications

11. Confidentiality: Addresses the handling of confidential information and privacy requirements

12. Compliance with Laws: Confirms adherence to RESA Law and other applicable regulations

13. Dispute Resolution: Outlines the process for resolving disputes between parties

14. General Provisions: Includes standard clauses such as notices, amendments, governing law, etc.