Non Exclusive Buyer Representation Agreement Template for Philippines

1. Parties: Identifies the real estate broker/agent and the buyer, including complete contact details and license information as required by RESA

2. Background: Explains the context of the agreement, including the buyer's desire to engage the agent's services on a non-exclusive basis

3. Definitions: Defines key terms used in the agreement including 'Property Requirements', 'Commission', 'Non-Exclusive Arrangement', and 'Service Period'

4. Scope of Services: Details the specific services the agent will provide to the buyer, including property search, evaluation, and negotiation assistance

5. Non-Exclusive Nature: Explicitly states that the buyer may work with other agents and defines the circumstances under which the agent is entitled to compensation

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

7. Commission Structure: Outlines the agent's compensation terms, including when and how commission becomes payable

8. Agent's Obligations: Lists the agent's duties, responsibilities, and standard of care

9. Buyer's Obligations: Specifies the buyer's responsibilities, including providing accurate information and communicating property requirements

10. Confidentiality: Addresses the handling of confidential information shared during the engagement

11. Governing Law: Specifies that Philippine law governs the agreement and references relevant real estate regulations

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

13. General Provisions: Includes standard clauses such as notices, amendments, and severability

1. Schedule A - Buyer's Property Requirements: Detailed list of the buyer's property specifications, preferences, and requirements

2. Schedule B - Commission Structure: Detailed breakdown of commission rates and payment terms

3. Schedule C - Scope of Services: Comprehensive list of specific services to be provided by the agent

4. Appendix 1 - Agent's Credentials: Copies of agent's license, certifications, and professional credentials as required by RESA

5. Appendix 2 - Buyer Information Form: Standard form collecting all required buyer information and preferences

6. Appendix 3 - Property Viewing Log: Template for recording properties shown to the buyer by the agent