The Commission Agreement Between Broker And Agent is a fundamental document in Philippine real estate practice, essential for establishing formal business relationships between licensed real estate brokers and their agents. This agreement is required for compliance with the Real Estate Service Act (RESA) of 2009 and related PRC regulations, which mandate specific requirements for professional real estate practice in the Philippines. The document typically includes detailed commission structures, territory assignments, performance expectations, and compliance requirements. It serves as a crucial tool for managing broker-agent relationships, ensuring regulatory compliance, and protecting both parties' interests while facilitating professional real estate services. The agreement should be regularly reviewed and updated to reflect changes in real estate laws, market conditions, and business practices in the Philippine context.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identifies the broker and agent, including their complete legal names, licenses, registration numbers, and business addresses
2. Background: Establishes the context of the agreement, including the broker's business nature and agent's qualifications
3. Definitions: Defines key terms used throughout the agreement, including 'Commission', 'Territory', 'Clients', 'Transactions', etc.
4. Appointment and Scope: Details the agent's appointment, territory assignment, and scope of authorized activities
5. Term and Renewal: Specifies the duration of the agreement and conditions for renewal
6. Commission Structure: Outlines the basic commission rates, calculation methods, and payment terms
7. Agent's Obligations: Lists the agent's duties, responsibilities, and performance standards
8. Broker's Obligations: Specifies the broker's commitments, support, and responsibilities to the agent
9. Compliance Requirements: Details compliance with RESA, PRC regulations, and other applicable laws
10. Confidentiality: Addresses the handling of confidential information and trade secrets
11. Non-Competition: Specifies restrictions on competing activities during and after the agreement
12. Termination: Details grounds for termination, notice requirements, and post-termination obligations
13. Dispute Resolution: Outlines the process for resolving disputes between parties
14. General Provisions: Includes standard clauses like governing law, amendments, notices, and severability
1. Training and Support: Optional section detailing specific training programs and support services provided by the broker
2. Marketing and Advertising: Optional section specifying arrangements for marketing expenses and branded materials
3. Performance Targets: Optional section setting specific performance goals and related incentives
4. Multiple Office Locations: Optional section for arrangements involving multiple office locations or territories
5. Team Structure: Optional section for agents who may build their own teams under the broker
6. Insurance Requirements: Optional section detailing specific insurance requirements beyond statutory minimums
7. Technology and Systems: Optional section covering use of broker's proprietary systems and technology
1. Schedule A - Commission Rates: Detailed breakdown of commission rates for different types of transactions
2. Schedule B - Territory Definition: Specific description and/or map of assigned territory
3. Schedule C - Approved Marketing Materials: Templates and guidelines for marketing materials and branding
4. Schedule D - Performance Metrics: Detailed performance expectations and measurement criteria
5. Schedule E - Required Reports: Templates and schedules for required activity reporting
6. Appendix 1 - Code of Ethics: Specific ethical guidelines and professional standards
7. Appendix 2 - Compliance Checklist: Checklist of regulatory requirements and compliance procedures
Authors
Find the document you need
Real Estate Agent Referral Form
A Philippine-compliant legal form establishing referral arrangements between real estate professionals, including terms, compensation, and responsibilities under RESA regulations.
Download
Freight Agent Contract
A Philippine law-governed agreement establishing the terms and conditions between a freight company and its appointed agent for freight forwarding services.
Download
Exclusive Brokerage Contract
A Philippine law-governed agreement establishing an exclusive relationship between a real estate broker and property owner for property marketing and sales.
Download
Buyer Representation Agreement Form
A Philippine-law governed agreement establishing the terms and conditions between a property buyer and their appointed real estate broker for property acquisition services.
Download
Real Estate Commission Agreement Form
A Philippine-law governed agreement establishing commission terms and service scope between property owners and real estate brokers.
Download
Buyer Broker Agreement Form
A Philippine law-governed agreement establishing the terms between a real estate broker and property buyer for property search and acquisition services.
Download
Business Broker Agreement
A Philippine-law governed agreement establishing terms between a business broker and client for business sale/purchase services, including commission structure and confidentiality terms.
Download
Buyer Tenant Representation Agreement
A Philippine law-governed agreement establishing exclusive representation of a prospective tenant/buyer by a licensed real estate broker for property search and acquisition services.
Download
Broker Confidentiality Agreement
Philippine-compliant confidentiality agreement for broker relationships, protecting sensitive client information and ensuring regulatory compliance.
Download
Co Broker Agreement
A Philippine law-governed agreement establishing cooperation terms between real estate brokers, including commission sharing and operational procedures.
Download
Rental Broker Agreement
A Philippine-law governed agreement between a property owner and licensed real estate broker establishing terms for property rental services and commission structures.
Download
Non Exclusive Buyer Representation Agreement
A Philippine-law governed agreement establishing non-exclusive representation between a property buyer and real estate agent, compliant with RESA regulations.
Download
Broker Contract Agreement
A Philippine law-governed agreement establishing the terms and conditions between a principal and broker for professional brokerage services.
Download
Broker Cooperation Agreement
A Philippine law-governed agreement establishing cooperation terms between real estate brokers, including commission sharing and operational procedures.
Download
Broker Agent Commission Split Agreement
A Philippine law-compliant agreement establishing commission-sharing terms between a real estate broker and agent, governed by RESA regulations.
Download
Agreement Between Brokers For Residential Lease
A Philippine-compliant cooperation agreement between real estate brokers for residential lease transactions, establishing commission sharing and operational terms.
Download
Agreement Between Brokers
A Philippine-law governed agreement establishing cooperation terms and commission arrangements between licensed brokers or brokerage firms.
Download
Agreement Between Broker And Owner
A Philippine-law governed agreement establishing terms between a property owner and licensed real estate broker for property sale/lease services.
Download
Agent Commission Agreement
A Philippine law-governed agreement establishing commission-based terms between a principal and agent, defining payment structures and mutual obligations.
Download
Cooperating Broker Commission Agreement
A Philippine law-governed agreement establishing commission sharing terms between cooperating real estate brokers or brokerage firms.
Download
Commission Agreement Between Brokers
A Philippine law-governed agreement establishing commission-sharing terms between licensed real estate brokers.
Download
Commission Agreement Between Broker And Agent
A Philippine law-governed agreement establishing the commission-based relationship between a real estate broker and agent, outlining terms and obligations under RESA 2009.
Download
Commission Agreement (Real Estate)
A Philippine law-governed agreement establishing commission terms between property owners and real estate brokers for property marketing and sales services.
Download
Commercial Real Estate Broker Fee Agreement
A Philippine-compliant agreement defining commercial real estate broker compensation terms and services under RESA Law.
Download
Exclusive Tenant Brokerage Agreement
A Philippine-law governed agreement establishing an exclusive relationship between a licensed real estate broker and a tenant for property lease services.
Download
Co Broker Agreement Commercial (Real Estate)
A Philippine-compliant agreement governing cooperation between real estate brokers for commercial property transactions, including commission arrangements and responsibilities.
Download
Co Broker Agreement (Real Estate)
A Philippine-law governed agreement establishing cooperation terms and commission sharing between real estate brokers, compliant with RESA regulations.
Download
Broker Seller Agreement
A Philippine law-governed agreement between a property seller and real estate broker defining the terms for property marketing and sale services.
Download
Broker Salesperson Agreement
A Philippine law-governed agreement establishing the professional relationship and terms between a licensed real estate broker and salesperson, ensuring RESA compliance.
Download
Broker Referral Fee Agreement
A Philippine law-governed agreement establishing referral fee arrangements between brokers, outlining payment terms and obligations while ensuring regulatory compliance.
Download
Broker Non Circumvention Agreement
A Philippine law-governed agreement protecting brokers' interests by preventing circumvention of their role in business transactions and securing their commission rights.
Download
Broker Listing Agreement
A Philippine law-compliant agreement between a property owner and licensed real estate broker for the marketing and sale/lease of property.
Download
Broker Lease Commission Agreement
A Philippine law-governed agreement establishing commission terms and conditions between property owners and real estate brokers for leasing services.
Download
Broker Lease Agreement
A Philippine-law governed agreement between property owner and real estate broker establishing terms for property leasing services and commission structure.
Download
Broker Fee Agreement
A Philippine law-governed agreement establishing terms and compensation arrangements between a real estate broker and client.
Download
Broker Engagement Letter
A Philippine-law governed letter establishing a formal engagement between a broker and client, outlining services, fees, and mutual obligations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
