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The Commercial Real Estate Broker Agreement is essential for establishing professional relationships in Philippine commercial real estate transactions. This document is typically used when property owners seek to engage licensed real estate brokers for marketing and facilitating the sale or lease of commercial properties. It must comply with the Real Estate Service Act of 2009 (RESA) and other Philippine regulations, including anti-money laundering laws. The agreement covers crucial aspects such as broker authority, marketing responsibilities, commission structures, property representation terms, and compliance requirements. It's particularly important for high-value commercial transactions where professional representation is crucial for market reach and regulatory compliance. The document serves as a protective mechanism for all parties by clearly defining roles, responsibilities, and compensation terms while ensuring alignment with Philippine legal requirements.

1. Parties: Identifies the property owner/seller and the licensed real estate broker, including their complete legal names, addresses, and licensing details as required by Philippine law

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

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Commission', 'Qualified Transaction', and other relevant terms

4. Appointment and Scope of Authority: Details the broker's appointment, whether exclusive or non-exclusive, and the specific powers granted to market and facilitate transactions

5. Broker's Services and Obligations: Comprehensive list of services the broker will provide, including marketing, showing property, negotiating, and documentation

6. Property Owner's Obligations: Specifies the owner's responsibilities, including providing accurate information, access to the property, and necessary documentation

7. Commission Structure: Details the commission rates, payment terms, and conditions for when commission becomes due

8. Term and Termination: Specifies the duration of the agreement and conditions for termination by either party

9. Representations and Warranties: Statements of fact and guarantees from both parties, including broker's licensing status and owner's authority to sell

10. Compliance with Laws: Commitment to comply with Philippine real estate laws, anti-money laundering regulations, and other applicable legislation

11. Confidentiality: Obligations regarding confidential information and property details

12. Dispute Resolution: Process for resolving disagreements, including jurisdiction under Philippine law

13. General Provisions: Standard clauses including notices, amendments, waiver, and severability