Real Estate Listing Contract Template for Philippines

The Real Estate Listing Contract is a crucial document in Philippine property transactions that establishes the professional relationship between property owners and licensed real estate brokers. This agreement is essential when a property owner wishes to engage a professional to market and sell their property in compliance with Philippine real estate laws and regulations. The document typically includes detailed specifications about the property, listing price, commission terms, marketing strategies, and the scope of the broker's authority. It must comply with the Real Estate Service Act of 2009 (RA 9646) and other relevant Philippine legislation governing real estate transactions. The contract can be either exclusive, giving one broker sole rights to sell the property, or non-exclusive, allowing multiple brokers to market the property. It serves as the foundational document protecting both the property owner's and broker's interests throughout the listing period.

1. Parties: Identification of the property owner (seller) and the real estate broker/agency, including their complete legal names, addresses, and contact information

2. Background: Brief context about the property being listed and the owner's intention to engage the broker's services

3. Definitions: Key terms used throughout the agreement, including technical real estate terms and specific Philippine real estate terminology

4. Appointment and Authority: Formal appointment of the broker and the scope of authority granted, including whether the listing is exclusive or non-exclusive

5. Property Details: Complete description of the property being listed, including its location, specifications, and current condition

6. Listing Price: Agreed listing price for the property and any conditions for price adjustments

7. Commission Structure: Details of the broker's commission rate and payment terms

8. Term and Termination: Duration of the listing agreement and conditions for early termination

9. Broker's Obligations: Detailed responsibilities of the broker including marketing efforts, showing the property, and reporting requirements

10. Owner's Obligations: Property owner's responsibilities, including maintaining the property and providing necessary documentation

11. Representations and Warranties: Statements of fact by both parties regarding their authority, the property's condition, and legal status

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

13. Dispute Resolution: Process for resolving any disputes between the parties

14. Execution: Signature block and execution requirements