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The Commission Agreement Between Broker And Agent is a fundamental document in Philippine real estate practice, essential for establishing formal business relationships between licensed real estate brokers and their agents. This agreement is required for compliance with the Real Estate Service Act (RESA) of 2009 and related PRC regulations, which mandate specific requirements for professional real estate practice in the Philippines. The document typically includes detailed commission structures, territory assignments, performance expectations, and compliance requirements. It serves as a crucial tool for managing broker-agent relationships, ensuring regulatory compliance, and protecting both parties' interests while facilitating professional real estate services. The agreement should be regularly reviewed and updated to reflect changes in real estate laws, market conditions, and business practices in the Philippine context.

1. Parties: Identifies the broker and agent, including their complete legal names, licenses, registration numbers, and business addresses

2. Background: Establishes the context of the agreement, including the broker's business nature and agent's qualifications

3. Definitions: Defines key terms used throughout the agreement, including 'Commission', 'Territory', 'Clients', 'Transactions', etc.

4. Appointment and Scope: Details the agent's appointment, territory assignment, and scope of authorized activities

5. Term and Renewal: Specifies the duration of the agreement and conditions for renewal

6. Commission Structure: Outlines the basic commission rates, calculation methods, and payment terms

7. Agent's Obligations: Lists the agent's duties, responsibilities, and performance standards

8. Broker's Obligations: Specifies the broker's commitments, support, and responsibilities to the agent

9. Compliance Requirements: Details compliance with RESA, PRC regulations, and other applicable laws

10. Confidentiality: Addresses the handling of confidential information and trade secrets

11. Non-Competition: Specifies restrictions on competing activities during and after the agreement

12. Termination: Details grounds for termination, notice requirements, and post-termination obligations

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

14. General Provisions: Includes standard clauses like governing law, amendments, notices, and severability