The Agency Agreement For Sale Of Residential Property is a crucial document used in the Philippine real estate market when a property owner wishes to engage a professional real estate agent or broker to sell their residential property. This agreement is essential for compliance with the Real Estate Service Act (RESA) of 2009 and other relevant Philippine laws governing real estate transactions. It establishes the scope of the agent's authority, outlines marketing responsibilities, defines commission structures, and includes necessary provisions for legal compliance. The document is particularly important as it protects both the property owner and the agent by clearly defining their respective rights, obligations, and expectations throughout the sales process. It should be used whenever a formal agency relationship is established for residential property sales in the Philippines, ensuring all parties understand their roles and responsibilities while maintaining compliance with local regulations.

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

2. Background: Establishes the context of the agreement, including brief property description and the owner's intention to sell through an agent

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Commission', 'Listing Period', and other relevant terms

4. Appointment and Scope: Details the appointment of the agent and specific services to be provided, including whether it's an exclusive or non-exclusive arrangement

5. Property Details: Comprehensive description of the property, including its location, specifications, and selling price

6. Agent's Rights and Obligations: Lists the agent's responsibilities, including marketing efforts, showing the property, and maintaining professional standards

7. Principal's Rights and Obligations: Outlines the property owner's responsibilities, including providing accurate information and maintaining the property

8. Commission Structure: Details the commission rate, payment terms, and conditions for when commission becomes payable

9. Term and Termination: Specifies the duration of the agreement and conditions for termination by either party

10. Representations and Warranties: Contains statements of fact and guarantees from both parties regarding their capacity and authority

11. Compliance with Laws: Addresses compliance with RESA, AMLA, and other relevant Philippine laws

12. Confidentiality: Establishes obligations regarding confidential information shared during the agency relationship

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

14. General Provisions: Contains standard clauses including notices, entire agreement, amendments, and governing law