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Real Estate Agent Contract for Philippines

Real Estate Agent Contract Template for Philippines

A comprehensive legal agreement governed by Philippine law that establishes the professional relationship between a property owner/seller and a licensed real estate agent or brokerage firm. The contract defines the terms of engagement, scope of services, commission structure, and mutual obligations in accordance with the Real Estate Service Act (RESA) of 2009 and other relevant Philippine regulations. It includes specific provisions for marketing strategies, property representation, confidentiality obligations, and compliance with local real estate practices and anti-money laundering requirements.

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Real Estate Agent Contract

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What is a Real Estate Agent Contract?

The Real Estate Agent Contract serves as a crucial legal instrument in the Philippine real estate market, establishing the professional relationship between property owners and licensed real estate professionals. This document is essential when engaging a real estate agent or brokerage firm to market, sell, or lease property in the Philippines. It must comply with the Real Estate Service Act (RESA) of 2009, the Civil Code of the Philippines, and other relevant regulations governing real estate practice. The contract typically includes detailed provisions on commission structures, marketing responsibilities, term of engagement, exclusivity rights (if any), and specific obligations of both parties. It's particularly important as it provides legal protection for all parties involved and ensures compliance with Philippine professional licensing requirements and real estate transaction regulations.

What sections should be included in a Real Estate Agent Contract?

1. Parties: Identification of the Principal (property owner/seller) and the Agent, including their complete legal names, addresses, and license details of the real estate agent

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into an agency relationship

3. Definitions: Key terms used throughout the agreement, including technical real estate terms and contract-specific definitions

4. Appointment and Scope of Authority: Details of the agent's appointment and the specific powers granted by the principal

5. Term of Agreement: Duration of the agency relationship, including start date, end date, and renewal provisions

6. Agent's Obligations: Comprehensive list of the agent's duties, responsibilities, and service standards

7. Principal's Obligations: Principal's responsibilities, including providing necessary information and cooperation

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission earning

9. Marketing and Advertising: Agreed marketing strategies, advertising methods, and related costs

10. Confidentiality: Obligations regarding confidential information and data privacy compliance

11. Termination: Conditions and procedures for ending the agreement, including notice requirements

12. Governing Law: Specification of Philippine law as governing law and relevant jurisdictional matters

13. Dispute Resolution: Process for handling disagreements and conflicts between parties

14. Execution: Signature blocks and execution formalities

What sections are optional to include in a Real Estate Agent Contract?

1. Exclusive Agency Rights: Used when the agreement is exclusive, defining the terms of exclusivity and consequences of breach

2. Sub-Agents: Include when the agent is permitted to engage sub-agents or other professionals

3. International Marketing: Required for properties targeting international buyers, including specific international marketing obligations

4. Property Management Services: Include when the agent will provide additional property management services

5. Digital Marketing Rights: Specific provisions for online marketing and social media promotion

6. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

7. Anti-Money Laundering Compliance: Detailed AML obligations when dealing with high-value properties or specific transaction types

8. Insurance Requirements: Additional insurance obligations beyond standard professional indemnity coverage

What schedules should be included in a Real Estate Agent Contract?

1. Schedule A - Property Details: Detailed description of the property, including legal description, title information, and specific features

2. Schedule B - Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special conditions

3. Schedule C - Marketing Plan: Comprehensive marketing strategy and budget allocation

4. Schedule D - Required Documentation: List of documents required from the principal for the agent to perform their duties

5. Appendix 1 - Agent's License and Credentials: Copies of the agent's professional license and relevant certifications

6. Appendix 2 - Standard Operating Procedures: Detailed procedures for property showings, client communications, and transaction handling

7. Appendix 3 - Compliance Checklist: Checklist of regulatory requirements and compliance procedures

Authors

Alex Denne

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

Jurisdiction

Philippines

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions














































Clauses














































Relevant Industries

Real Estate

Property Development

Construction

Residential Property

Commercial Property

Industrial Property

Hospitality

Retail

Property Management

Professional Services

Relevant Teams

Legal

Real Estate Operations

Sales

Business Development

Compliance

Property Management

Marketing

Contract Administration

Risk Management

Document Control

Relevant Roles

Real Estate Agent

Property Broker

Real Estate Sales Manager

Property Sales Director

Business Development Manager

Real Estate Consultant

Property Marketing Manager

Real Estate Compliance Officer

Legal Counsel

Contract Administrator

Property Portfolio Manager

Real Estate Operations Manager

Sales Director

Managing Broker

Real Estate Transaction Coordinator

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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