51��Ƶ����

The Commercial Real Estate Broker Fee Agreement is essential for formalizing the compensation arrangement between property owners and licensed real estate brokers in the Philippines. This document is typically used when engaging a broker to market, sell, or lease commercial properties, ensuring compliance with the Real Estate Service Act (RESA) of 2009 and other Philippine regulations. It establishes the broker's commission rate, payment terms, scope of services, and performance expectations while protecting both parties' interests. The agreement is particularly important in the Philippine context where real estate transactions must adhere to specific regulatory requirements, including proper licensing and professional certification. It serves as a crucial tool for preventing disputes by clearly defining the terms of the broker-client relationship and the conditions under which commissions become payable.

1. Parties: Identifies the parties to the agreement: the Client (property owner/lessor) and the Broker, including their complete legal names, addresses, and registration/license details

2. Background: Establishes the context of the agreement, including the Client's intention to sell/lease the property and the Broker's qualifications and PRC license status

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Commission', 'Exclusive Right', 'Qualified Prospect', etc.

4. Appointment and Scope of Authority: Details the broker's appointment and whether it's exclusive or non-exclusive, plus the specific powers granted to the broker

5. Property Details: Specific description of the commercial property, including location, size, title details, and any relevant zoning information

6. Broker's Services and Obligations: Comprehensive list of services the broker will provide, including marketing, showing property, negotiating, etc.

7. Client's Obligations: Outlines the property owner's responsibilities, including providing accurate information and reasonable access to the property

8. Commission Structure: Details the commission rate, calculation method, and circumstances under which commission becomes payable

9. Payment Terms: Specifies when and how commission payments will be made, including any installment arrangements

10. Term and Termination: Duration of the agreement and conditions for termination by either party

11. Representations and Warranties: Standard declarations by both parties regarding their authority, the property's status, and broker's qualifications

12. Governing Law and Jurisdiction: Specifies that Philippine law governs the agreement and designates jurisdiction for dispute resolution

13. General Provisions: Standard clauses including notices, amendments, severability, and entire agreement provisions