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Co Broker Agreement Commercial (Real Estate) Template for Philippines

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Key Requirements PROMPT example:

Co Broker Agreement Commercial (Real Estate)

"I need a Co-Broker Agreement Commercial (Real Estate) for my Manila-based brokerage firm to collaborate with a local partner, with a 60-40 commission split for commercial properties valued over 50M PHP, and I want to ensure RESA compliance."

Document background
The Co-Broker Agreement Commercial (Real Estate) is essential for formalizing partnerships between real estate professionals in the Philippines' commercial property market. This document is typically used when two or more licensed brokers or brokerage firms wish to collaborate on commercial real estate transactions while ensuring compliance with the Real Estate Service Act (RESA) and other relevant Philippine regulations. It becomes particularly important in high-value commercial transactions where multiple brokers may be involved in marketing, showing, or closing deals for office spaces, retail properties, industrial facilities, or other commercial real estate assets. The agreement specifically addresses commission structures, professional obligations, territory definitions, and compliance requirements unique to the Philippine real estate market.
Suggested Sections

1. Parties: Identifies the co-brokers entering into the agreement, including their license numbers and contact details

2. Background: Explains the context of the agreement and the parties' intentions to collaborate on real estate transactions

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

4. Scope of Agreement: Defines the nature and extent of the co-brokerage relationship and covered transactions

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

6. Commission Structure: Details the commission split arrangements and payment terms between the co-brokers

7. Roles and Responsibilities: Outlines specific duties and obligations of each broker in the co-brokerage relationship

8. Confidentiality: Establishes obligations regarding confidential information and client data protection

9. Professional Standards: Sets forth the expected standards of professional conduct and compliance with RESA requirements

10. Dispute Resolution: Specifies procedures for resolving disputes between the parties

11. Governing Law: Establishes Philippine law as governing law and jurisdiction

12. General Provisions: Contains standard clauses including notices, amendments, and severability

Optional Sections

1. Exclusive Rights: Used when granting exclusive rights to specific properties or clients

2. Marketing and Advertising: Include when specifying shared marketing responsibilities and cost allocation

3. Online Listings Management: Added when dealing with digital marketing and online property platforms

4. Cross-Border Transactions: Include when co-brokers operate in different jurisdictions or handle international clients

5. Anti-Money Laundering Compliance: Required when dealing with high-value transactions or specific client categories

6. Insurance Requirements: Added when specific insurance coverage is required from either party

7. Training and Support: Include when one broker provides training or support services to the other

Suggested Schedules

1. Schedule A - Commission Structure: Detailed breakdown of commission splits for different transaction types and values

2. Schedule B - Territory Definition: Map or description of geographical areas covered by the agreement

3. Schedule C - Property Listings: List of specific properties covered under the agreement

4. Schedule D - Marketing Guidelines: Specific guidelines for joint marketing efforts and branding

5. Appendix 1 - Required Documentation: List of required documents for transactions and compliance

6. Appendix 2 - Professional Credentials: Copies of licenses, certifications, and professional credentials

7. Appendix 3 - Standard Forms: Templates for commonly used forms in co-broking transactions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































Clauses



































Relevant Industries

Real Estate

Commercial Property

Retail

Office Space

Industrial

Hospitality

Mixed-Use Development

Logistics

Healthcare Facilities

Educational Facilities

Data Centers

Relevant Teams

Real Estate

Business Development

Legal

Operations

Sales

Property Management

Asset Management

Compliance

Finance

Contract Administration

Relevant Roles

Real Estate Broker

Commercial Property Agent

Property Manager

Business Development Manager

Real Estate Director

Commercial Leasing Manager

Asset Manager

Real Estate Transaction Manager

Commercial Sales Director

Property Portfolio Manager

Real Estate Operations Manager

Facilities Manager

Real Estate Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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