Broker Cooperation Agreement Template for Philippines

1. Parties: Identification of the cooperating brokers/brokerage firms, including license numbers and contact details

2. Background: Context of the agreement and the parties' desire to cooperate in real estate transactions

3. Definitions: Key terms used throughout the agreement, including 'Cooperative Transaction', 'Commission Split', 'Lead Broker', etc.

4. Scope of Cooperation: Details of how the brokers will work together, including territory and property types covered

5. Commission Structure: Terms for commission splitting, payment timing, and calculation methods

6. Responsibilities and Obligations: Specific duties of each party in cooperative transactions

7. Confidentiality: Provisions for handling confidential information and client data

8. Professional Standards: Commitment to maintain professional licenses and follow RESA requirements

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

10. Dispute Resolution: Process for resolving conflicts between the parties

11. General Provisions: Standard clauses including governing law, amendments, and notices

1. Schedule A - Commission Split Matrix: Detailed breakdown of commission splitting arrangements for different transaction types

2. Schedule B - Territory Map: Geographic areas covered by the cooperation agreement

3. Schedule C - Standard Operating Procedures: Detailed procedures for handling cooperative transactions

4. Schedule D - Required Documentation: List of documents required for cooperative transactions

5. Schedule E - Contact Information: Key personnel and emergency contacts for both parties

6. Appendix 1 - Professional Licenses: Copies of current broker licenses and certifications

7. Appendix 2 - Code of Ethics: Professional standards and ethical guidelines to be followed