Real Estate Agent Agreement Contract Template for Philippines

The Real Estate Agent Agreement Contract is a fundamental document in Philippine real estate practice, essential for establishing professional relationships between property owners and licensed real estate practitioners. This agreement is required when a property owner wishes to engage a professional real estate agent or broker to market and sell/lease their property. The contract 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. It includes crucial details such as the agent's authority, commission structures, marketing responsibilities, and term of service. The document serves as a protective instrument for both parties, ensuring clear understanding of roles, responsibilities, and compensation terms while maintaining compliance with Philippine real estate laws and professional standards.

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

2. Background: Explains the context of the agreement, including the owner's intention to sell/lease the property and the agent's qualifications to provide real estate services

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

4. Appointment and Authority: Formally establishes the agent's appointment and specifies the scope of authority granted by the property owner

5. Property Details: Describes the subject property, including its complete address, title details, and basic specifications

6. Agent's Services and Obligations: Details the specific services the agent will provide, including marketing, showing the property, and handling inquiries

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

8. Commission Structure: Specifies the commission rate, payment terms, and conditions for commission eligibility

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

10. Confidentiality: Establishes obligations regarding confidential information and client privacy

11. Governing Law: Specifies that the agreement is governed by Philippine law and relevant real estate regulations

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

13. Execution: Formal closing section for signatures, dates, and witness details