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Real Estate Agent Contract With Seller for Philippines

Real Estate Agent Contract With Seller Template for Philippines

A comprehensive legal agreement governed by Philippine law that establishes a professional relationship between a licensed real estate agent/broker and a property seller. This document outlines the terms and conditions under which the agent will market and sell the property, including commission structures, marketing responsibilities, and service scope. It incorporates requirements from the Real Estate Service Act of 2009 and other relevant Philippine regulations, ensuring compliance with local real estate practice standards while protecting both parties' interests throughout the property sale process.

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What is a Real Estate Agent Contract With Seller?

The Real Estate Agent Contract With Seller is a crucial document in Philippine property transactions that formalizes the professional relationship between a licensed real estate practitioner and a property owner looking to sell their property. This agreement is essential when a property owner wants to engage professional assistance in selling their property, ensuring compliance with the Real Estate Service Act of 2009 and related Philippine regulations. The document details the agent's authority to market and sell the property, commission structures, marketing strategies, and both parties' obligations. It's particularly important in the Philippine context where real estate transactions must follow specific regulatory requirements and professional standards. The contract protects both parties' interests by clearly defining the scope of services, compensation terms, and duration of the agency relationship.

What sections should be included in a Real Estate Agent Contract With Seller?

1. Parties: Identifies the real estate agent/broker and the property seller, including their complete legal names, addresses, and professional license details (for the agent)

2. Background: Establishes the context of the agreement, including the seller's ownership of the property and desire to engage the agent's services

3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Listing Period', 'Selling Price', 'Commission', etc.

4. Appointment and Scope of Authority: Details the seller's appointment of the agent and the specific powers granted to the agent

5. Property Details: Complete description of the property being sold, including its location, boundaries, and title information

6. Listing Period: Specifies the duration of the agency agreement, including start and end dates

7. Agent's Obligations: Comprehensive list of the agent's duties, responsibilities, and services to be provided

8. Seller's Obligations: Outlines the seller's responsibilities, including providing accurate information and property access

9. Commission Structure: Details the agent's commission rate, payment terms, and conditions for commission earning

10. Marketing and Advertising: Specifies the agreed marketing approach and advertising responsibilities

11. Termination: Conditions and procedures for ending the agreement by either party

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

13. Dispute Resolution: Procedures for handling disputes between parties

14. Execution: Formal signing section with spaces for signatures, dates, and witnesses

What sections are optional to include in a Real Estate Agent Contract With Seller?

1. Exclusivity Clause: Used when the seller grants exclusive rights to the agent to sell the property

2. Protection Period: Included when there's a need to protect the agent's right to commission for leads generated during the listing period

3. Multiple Listing Service: Added when the property will be listed in MLS systems

4. Virtual Tours and Digital Marketing: Included when specific digital marketing services are part of the agreement

5. Property Management: Added when the agent will provide property management services before sale

6. International Marketing: Used when the property will be marketed to international buyers

7. Commission Sharing: Included when there are provisions for sharing commission with other agents

8. Special Conditions: Added when there are unique circumstances or requirements for the specific property

What schedules should be included in a Real Estate Agent Contract With Seller?

1. Schedule A - Property Details: Detailed property description, including lot area, floor area, improvements, and technical specifications

2. Schedule B - Property Documents: List of all required property documents and their current status

3. Schedule C - Marketing Plan: Detailed marketing strategy and timeline

4. Schedule D - Commission Structure: Detailed breakdown of commission calculations and payment terms

5. Schedule E - Property Photos: Current photographs of the property

6. Appendix 1 - Agent's License and Credentials: Copies of the agent's professional license and certifications

7. Appendix 2 - Property Title Documents: Copies of property ownership documents

8. Appendix 3 - Marketing Materials Template: Templates and formats for marketing materials to be used

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions



































Clauses






































Relevant Industries

Real Estate

Property Development

Construction

Housing

Commercial Property

Residential Property

Property Investment

Property Management

Real Estate Services

Relevant Teams

Legal

Real Estate Sales

Business Development

Compliance

Operations

Documentation

Marketing

Property Management

Contract Administration

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Manager

Sales Director

Business Development Manager

Real Estate Marketing Manager

Property Sales Executive

Legal Counsel

Compliance Officer

Contract Administrator

Real Estate Operations Manager

Transaction Coordinator

Documentation Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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