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The Agency Listing Agreement serves as a fundamental document in Philippine real estate transactions, establishing the professional relationship between property owners and real estate agents/brokers. This document is essential when property owners wish to engage professional representation for selling or leasing their property, whether residential, commercial, or industrial. The agreement must comply with the Real Estate Service Act (RESA) of 2009 and other relevant Philippine regulations, including requirements from the Professional Regulation Commission. It typically includes detailed specifications about the property, listing price, commission structures, marketing strategies, and the duration of the agency relationship. The document is particularly important in the Philippine context as it provides legal protection for both parties and ensures compliance with local real estate practice requirements, including anti-money laundering provisions and professional licensing standards.

1. Parties: Identifies the property owner (Principal) and the real estate agency/broker (Agent), including their complete details and licenses as required by RESA

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

3. Definitions: Defines key terms used throughout the agreement including but not limited to Property, Listing Period, Commission, and Qualified Buyer

4. Appointment of Agent: Formal appointment of the agent and specification of whether the listing is exclusive or non-exclusive

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

6. Listing Price and Terms: Specified listing price and acceptable terms of sale/lease as authorized by the owner

7. Commission Structure: Detailed breakdown of the agent's commission, including rate, payment terms, and conditions for commission eligibility

8. Agent's Obligations: Comprehensive list of services to be provided by the agent, including marketing efforts and reporting requirements

9. Owner's Obligations: Owner's responsibilities including providing accurate information, property access, and cooperation with the agent

10. Term and Termination: Duration of the listing agreement and conditions for termination or renewal

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

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

13. Dispute Resolution: Process for resolving disputes between parties, including mediation or arbitration procedures

14. Execution: Signature block with formal execution requirements as per Philippine law