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The Real Estate Broker of Record Agreement is a crucial document used in the Philippine real estate industry to formalize the professional relationship between property owners or companies and their chosen real estate broker. This agreement is essential when a client wishes to establish an exclusive arrangement with a licensed broker for handling their real estate transactions and portfolio management. The document must comply with the Real Estate Service Act (RESA) of 2009 and other relevant Philippine regulations, including PRC guidelines and anti-money laundering laws. It typically includes comprehensive details about service scope, compensation structures, compliance requirements, and professional obligations. This agreement is particularly important for corporate clients managing multiple properties or large-scale real estate operations, as it provides clear guidelines and protections for both parties while ensuring regulatory compliance.

1. Parties: Identifies the client and the licensed real estate broker, including their complete details and license numbers

2. Background: Contextual information about the purpose of the agreement and the parties' intentions

3. Definitions: Key terms used throughout the agreement, including technical real estate terms and Philippine-specific regulatory terms

4. Appointment and Authority: Formal designation of the broker as the exclusive broker of record and scope of authority granted

5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

6. Broker Services and Responsibilities: Comprehensive list of services to be provided by the broker, including regulatory compliance obligations

7. Client Obligations: Responsibilities and commitments of the client, including information provision and cooperation

8. Compensation Structure: Detailed breakdown of fees, commissions, and payment terms

9. Confidentiality: Provisions for handling sensitive information and client data

10. Compliance with Laws: Specific reference to RESA and other applicable Philippine laws and regulations

11. Representations and Warranties: Statements of fact and guarantees from both parties

12. Liability and Indemnification: Risk allocation and protection provisions for both parties

13. Dispute Resolution: Process for handling disagreements, including jurisdiction under Philippine law

14. General Provisions: Standard clauses including notices, amendments, and governing law