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The Exclusive Seller Brokerage Engagement Agreement is a crucial document in Philippine real estate transactions, used when a property owner wishes to engage a single broker or brokerage firm for the sale of their property. This arrangement, governed by Philippine law including the Real Estate Service Act (RESA), provides the broker with exclusive rights to market and sell the property for a specified period. The document is essential for establishing clear professional relationships in both residential and commercial property sales, detailing everything from commission structures to marketing responsibilities. It's particularly important in the Philippine context where real estate transactions must comply with specific regulatory requirements and professional standards. The agreement protects both parties' interests by clearly defining the scope of services, compensation terms, and conditions for termination, while ensuring compliance with local real estate practices and regulations.

1. Parties: Identifies the real estate broker/brokerage firm and the property seller, including their complete legal names, addresses, and license numbers where applicable

2. Background: Explains the context of the agreement, including the seller's desire to engage the broker's services and the broker's qualifications

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Exclusive Right to Sell', 'Listing Period', and 'Gross Sale Price'

4. Appointment and Scope of Authority: Establishes the exclusive appointment of the broker and details their authorized activities

5. Property Details: Describes the property being listed, including its complete address, title information, and basic specifications

6. Listing Price and Terms: States the agreed listing price and acceptable terms of sale

7. Broker's Obligations: Lists the specific services and duties the broker commits to perform

8. Seller's Obligations: Outlines the seller's responsibilities, including providing accurate information and property access

9. Commission Structure: Details the broker's compensation, including commission rate, payment timing, and any special circumstances

10. Term and Termination: Specifies the duration of the agreement and conditions for termination

11. Representations and Warranties: Contains statements of fact and guarantees by both parties

12. Governing Law and Dispute Resolution: Specifies Philippine law as governing law and outlines dispute resolution procedures

13. General Provisions: Includes standard clauses like entire agreement, amendments, and notices