Non Exclusive Buyer Representation Agreement Template for the Philippines

A Non-Exclusive Buyer Representation Agreement is a crucial legal document that establishes the professional relationship between you as a property buyer and your chosen real estate agent or broker in the Philippines. Unlike exclusive agreements, this arrangement allows you to work with multiple agents simultaneously while maintaining clear contractual terms with each professional. The agreement is governed by the Real Estate Service Act of 2009 (RESA) and the Civil Code of the Philippines, ensuring your rights are protected throughout the property acquisition process.

When do you need this document?

You need this agreement when engaging a real estate professional to assist in your property search while maintaining the freedom to work with other agents. This is particularly valuable in competitive markets like Metro Manila, Cebu, or Davao where access to multiple property channels increases your chances of finding suitable options. The document is essential when you want professional guidance for property viewings, market analysis, and negotiation support without committing to a single agent. You'll also need this agreement when working with licensed real estate consultants who require formal representation agreements under RESA regulations before providing services.

Key legal considerations

The agreement must clearly define the scope of services your agent will provide, including property search assistance, market analysis, viewing arrangements, and negotiation support. Commission structures require careful attention, particularly how payments are calculated and when they become due upon successful property acquisition. The document should specify the service period and termination conditions, ensuring both parties understand their obligations and exit procedures. Under Philippine law, the agreement must comply with agency principles outlined in the Civil Code, establishing the agent's fiduciary duties while protecting your interests as the principal. Performance standards and communication expectations should be clearly outlined to prevent disputes and ensure professional service delivery.

Legal requirements in Philippines

Under RESA, your real estate agent must hold a valid Professional Regulation Commission (PRC) license and be affiliated with an accredited real estate firm. The agreement must include the agent's license number, firm accreditation details, and compliance with Professional Regulation Commission Resolution No. 2006-765 governing ethical standards. Consumer protection provisions under Republic Act No. 7394 must be incorporated, ensuring transparent disclosure of all fees, potential conflicts of interest, and your rights as a consumer. The document requires proper execution with witnesses as mandated by Philippine contract law, and should include dispute resolution mechanisms compliant with local jurisdiction requirements. All monetary terms must be expressed in Philippine Pesos, and the agreement should reference applicable tax obligations under the Bureau of Internal Revenue regulations.