51Ƶ

Real Estate Broker Of Record Agreement for Philippines

Real Estate Broker Of Record Agreement Template for Philippines

A comprehensive legal agreement governed by Philippine law, particularly the Real Estate Service Act (RESA), that establishes an exclusive relationship between a licensed real estate broker and a client. The agreement defines the scope of the broker's authority, responsibilities, compensation structure, and compliance requirements under Philippine regulations. It includes detailed provisions for property marketing, transaction handling, and professional services while ensuring adherence to local real estate practices and anti-money laundering regulations. The document serves as the primary framework for the professional relationship between the parties and outlines their respective rights and obligations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Real Estate Broker Of Record Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Real Estate Broker Of Record Agreement?

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.

What sections should be included in a Real Estate Broker Of Record Agreement?

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

What sections are optional to include in a Real Estate Broker Of Record Agreement?

1. International Transactions: Additional provisions for handling international clients or properties, including foreign investment regulations

2. Digital Services: Specific provisions for online marketing and virtual services, particularly relevant post-COVID

3. Sub-Broker Relations: Terms for working with other brokers or agents when necessary

4. Special Property Types: Additional terms for specific property types like commercial, industrial, or agricultural land

5. Marketing Budget and Plans: Detailed marketing commitments and budget allocations

6. Performance Metrics: Specific KPIs and performance evaluation criteria

7. Anti-Money Laundering Provisions: Enhanced due diligence procedures for high-value transactions

What schedules should be included in a Real Estate Broker Of Record Agreement?

1. Schedule A - Property Portfolio: List and details of properties covered under the agreement

2. Schedule B - Fee Structure: Detailed breakdown of commission rates, fees, and payment terms

3. Schedule C - Service Level Agreement: Specific performance standards and response time commitments

4. Schedule D - Marketing Plan: Detailed marketing strategy and budget allocation

5. Schedule E - Broker Credentials: Copies of broker's license, certifications, and professional credentials

6. Appendix 1 - Required Forms: Standard forms required under Philippine real estate regulations

7. Appendix 2 - Compliance Checklist: Checklist of regulatory requirements and necessary documentation

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

Commercial Property

Residential Property

Industrial Property

Retail Property

Hospitality

Mixed-Use Development

Property Development

Property Investment

Property Management

Relevant Teams

Legal

Real Estate Operations

Asset Management

Property Management

Facilities Management

Compliance

Finance

Investment

Acquisitions

Business Development

Risk Management

Relevant Roles

Real Estate Broker

Property Manager

Asset Manager

Real Estate Director

Chief Investment Officer

Facilities Manager

Property Development Manager

Real Estate Portfolio Manager

Acquisitions Manager

Legal Counsel

Compliance Officer

Real Estate Operations Manager

Chief Financial Officer

Real Estate Investment Manager

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

Find the exact document you need

Conjunction Agency Agreement

A Philippine-law governed agreement establishing terms for multiple agents to collaboratively represent a principal's interests.

find out more

Sole Selling Agent Agreement For (Real Estate)

A Philippine law-governed agreement granting exclusive rights to a real estate agent to market and sell a specific property, defining terms and obligations under RESA.

find out more

Private Home Care Service Agreement

A Philippine-law governed agreement establishing terms and conditions for home care services between a care provider and client, ensuring compliance with local healthcare and employment regulations.

find out more

Agreement For Commission

A Philippine law-governed agreement establishing commission-based business relationships between principals and agents, defining commission structures and mutual obligations.

find out more

Letting Agency Agreement

A Philippine law-governed agreement between a property owner and letting agency defining property management and leasing terms.

find out more

Limited Agency Agreement (Real Estate)

A Philippine law-governed agreement establishing a limited agency relationship between a property owner and real estate agent, defining restricted authority for property transactions.

find out more

Buyer Representation Agreement Exclusive

A Philippine law-governed agreement establishing exclusive representation rights between a buyer and real estate broker for property transactions.

find out more

Letting Agency Contract

A Philippine law-governed agreement between property owners and letting agencies defining property management services, responsibilities, and compensation terms.

find out more

Agreement Between Principal And Agent

A Philippine law-compliant agreement establishing and governing the relationship between a principal and their appointed agent, including scope of authority, duties, and obligations.

find out more

Recruitment Agency Contract With Employer

A Philippine law-governed agreement between a recruitment agency and employer defining recruitment services, obligations, and compliance requirements.

find out more

Agreement For Security Services

A Philippine law-governed agreement establishing terms for professional security services provision, including operational requirements and compliance with local security regulations.

find out more

Agreement Between Landlord And Letting Agent

A Philippine law-governed agreement establishing terms between property owners and letting agents, defining property management services and responsibilities under RESA Law.

find out more

Agreement Between Seller And Agent

A legally binding agreement under Philippine law establishing the terms and conditions of a commercial agency relationship between a seller and their appointed agent.

find out more

NDA For Marketing Agency

A Philippine law-governed NDA for protecting confidential information shared between businesses and marketing agencies, including provisions for data privacy and marketing-specific content.

find out more

Contract For Digital Marketing Services

A Philippine-law governed agreement for digital marketing services, covering social media, content creation, and digital advertising services.

find out more

Standard Agency Agreement

A legal agreement under Philippine law establishing an agency relationship between principal and agent, defining the scope of representation and mutual obligations.

find out more

Sole Selling Rights Agreement

A Philippine law-governed agreement granting exclusive distribution rights to a sole seller within a specified territory.

find out more

Tender Agency Agreement

A Philippine law-governed agreement appointing an agent to manage tender processes and bid submissions on behalf of a principal company.

find out more

Sole Agency Contract

A Philippine law-governed agreement establishing an exclusive agency relationship between a principal and agent, typically used in real estate transactions.

find out more

Recruitment Agency Agreement With Client

A Philippine law-governed agreement between a recruitment agency and client company establishing terms for recruitment services and regulatory compliance.

find out more

Limited Agency Agreement

A Philippine law-governed agreement establishing a restricted agency relationship between principal and agent, defining specific authorized powers and limitations.

find out more

Buyer Commission Agreement

A Philippine law-governed agreement establishing terms for commission-based purchasing services between a buyer and their appointed agent.

find out more

Recruitment Agency Agreement With Candidate

A Philippine law-governed agreement between a recruitment agency and job candidate establishing terms for job placement services and mutual obligations.

find out more

Nursing Agency Contract Agreement

A Philippine law-governed agreement between nursing agencies and healthcare facilities for the provision of qualified nursing staff services.

find out more

Healthcare Staffing Agency Contract

A Philippine law-governed agreement between healthcare staffing agencies and facilities for the provision of qualified healthcare professionals.

find out more

Exclusive Management Agency Agreement Commercial And Industrial

A Philippine law-governed agreement establishing exclusive property management rights and responsibilities for commercial and industrial properties.

find out more

Exclusive Estate Agency Agreement

A Philippine law-governed agreement establishing exclusive property marketing and sale/lease rights between a property owner and real estate agency.

find out more

Employment Agency Contract With Client

A Philippine law-governed agreement between an employment agency and client company for recruitment services, defining terms, fees, and compliance requirements.

find out more

Customs Broker Agreement

A Philippine-law governed agreement establishing terms between a customs broker and client for customs clearance services and regulatory compliance.

find out more

Buyer Tenant Agency Contract

A Philippine law-governed agreement establishing an agency relationship for property rental and purchase services between a real estate agent and a buyer-tenant client.

find out more

Broker Agreement Commission

A Philippine law-governed agreement establishing broker commission terms, payment structures, and mutual obligations between principal and broker.

find out more

Agent Client Agreement

A Philippine law-governed agreement establishing and regulating the relationship between a principal and their appointed agent, defining authority, duties, and terms of engagement.

find out more

Agency Representation Agreement

A Philippine law-governed agreement establishing and regulating a principal-agent relationship, defining representation rights and mutual obligations.

find out more

Agency Listing Agreement

A Philippine-law governed agreement authorizing a real estate agent to list and market a property for sale or lease, outlining terms, commissions, and obligations.

find out more

Agency Client Contract

A Philippine law-governed contract establishing the terms and conditions between an agency and its client for professional services provision.

find out more

Agreement Between Manufacturer And Commission Agent

A Philippine law-governed agreement establishing terms between a manufacturer and commission agent for product sales and representation.

find out more

Sales Inspection Report And Exclusive Agency Agreement

A Philippine legal document combining a property inspection report with an exclusive agency agreement, compliant with RESA requirements and establishing terms for property sale representation.

find out more

Buyers Rep Agreement

A Philippine-compliant agreement establishing terms between a property buyer and their authorized real estate representative for property acquisition services.

find out more

Buyer Broker Commission Agreement

A Philippine-law governed agreement establishing terms and commission structure between a real estate broker and property buyer.

find out more

Agency Agreement For Sale Of Residential Property

A Philippine-law governed agreement appointing a licensed real estate agent to sell residential property, setting out terms, conditions, and commission structures.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are 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