��������Ƶ

The Co-Broker Agreement serves as a fundamental document in Philippine real estate practice, enabling licensed real estate professionals to formally collaborate on property transactions. This agreement is essential when two independent brokers or brokerage firms wish to work together while maintaining their separate business identities. The document must comply with the Real Estate Service Act (RESA) of 2009 and related Philippine regulations, addressing key aspects such as professional licensing requirements, commission structures, and ethical standards. It becomes particularly relevant in situations involving cross-regional transactions, specialized property types, or when combining complementary expertise and client networks. The agreement typically includes detailed provisions for commission splitting, client handling procedures, confidentiality obligations, and dispute resolution mechanisms, ensuring a clear framework for professional collaboration while protecting all parties' interests.

1. Parties: Identification of the cooperating brokers, including their license numbers and business addresses

2. Background: Context of the agreement and the brokers' intention to collaborate on real estate transactions

3. Definitions: Key terms used throughout the agreement including 'Commission', 'Property', 'Client', 'Transaction', etc.

4. Scope of Cooperation: Details of how the brokers will work together and what types of transactions are covered

5. Term and Termination: Duration of the agreement and conditions for termination

6. Commission Split: Structure and percentage of commission sharing between the brokers

7. Responsibilities and Obligations: Specific duties of each broker in the co-brokerage relationship

8. Confidentiality: Protection of confidential information and client data

9. Compliance: Commitment to comply with RESA and other applicable laws

10. Dispute Resolution: Process for resolving disagreements between the parties

11. Governing Law: Specification of Philippine law as governing law

12. Entire Agreement: Standard integration clause confirming the agreement represents the complete understanding between parties