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The Land Sale Commission Agreement is a critical document used in Philippine real estate transactions when a property owner engages a licensed real estate broker to sell land. This agreement is essential for establishing a professional relationship between the parties and ensuring compliance with Philippine regulations, particularly the Real Estate Service Act (RESA) and the Civil Code. The document typically includes comprehensive details about the property, commission structures, broker's responsibilities, marketing arrangements, and payment terms. It's particularly important in the Philippine context due to specific local requirements regarding real estate practice, foreign ownership restrictions, and mandatory licensing of real estate professionals. The agreement protects both parties by clearly defining expectations, obligations, and compensation terms, while ensuring the transaction process adheres to all relevant legal requirements.

1. Parties: Identifies the property owner (Principal) and the licensed real estate broker/agent (Agent), including their complete details and RESA license information

2. Background: Explains the context of the agreement, including the property owner's intention to sell and the broker's willingness to provide services

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Commission', 'Selling Price', and 'Closing'

4. Appointment and Scope: Specifies the nature of appointment (exclusive or non-exclusive) and detailed scope of services to be provided by the broker

5. Property Details: Comprehensive description of the property being sold, including legal description and title information

6. Commission Structure: Details of the commission rate, calculation method, and conditions for commission payment

7. Payment Terms: Specifies when and how the commission will be paid, including any installment arrangements

8. Representations and Warranties: Statements from both parties regarding their authority, capacity, and compliance with RESA

9. Obligations of the Agent: Detailed responsibilities of the broker including marketing, showing property, and documentation

10. Obligations of the Principal: Property owner's responsibilities including providing accurate information and access to the property

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

12. Governing Law: Specifies Philippine law as governing law and relevant jurisdictional details

13. Dispute Resolution: Process for resolving disputes between parties

14. Execution: Signature blocks and notarization requirements