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The Cooperating Broker Commission Agreement is essential for real estate professionals in the Philippines who wish to formalize their collaboration on property transactions. This document is particularly useful when brokers from different firms work together to facilitate property sales, leases, or other real estate transactions. It complies with the requirements of the Real Estate Service Act (RESA) and other relevant Philippine regulations, providing a clear framework for commission sharing, defining responsibilities, and protecting all parties' interests. The agreement typically includes specific details about commission splits, payment terms, territorial restrictions, and dispute resolution mechanisms, while ensuring compliance with Philippine tax laws and professional standards for real estate practice.

1. Parties: Identification of the cooperating brokers, including license numbers and business addresses

2. Background: Context of the agreement and the intention to cooperate on real estate transactions

3. Definitions: Key terms used in the agreement, including 'Commission', 'Qualified Transaction', 'Territory', and 'Client'

4. Scope of Cooperation: Details of how the brokers will work together and types of transactions covered

5. Commission Structure: Specific breakdown of commission splits and calculation methods

6. Payment Terms: Timing and method of commission payments, including invoicing requirements

7. Obligations and Responsibilities: Specific duties of each broker in the cooperation arrangement

8. Confidentiality: Protection of shared client information and business data

9. Term and Termination: Duration of the agreement and conditions for termination

10. Dispute Resolution: Process for resolving disagreements between the parties

11. Governing Law: Specification of Philippine law as governing law and jurisdiction

12. General Provisions: Standard clauses including notices, amendments, and severability