AUTHORITY TO NEGOTIATE SALE OF PROPERTY

OR LOOK FOR A JOINT VENTURE PARTNER

(IN COMPLIANCE WITH THE REAL ESTATE SERVICE ACT OF THE PHILIPPINES – RESA LAW – REPUBLIC ACT NO. 9646, UNDER SECTION 29,
ONLY A PRC LICENSED REAL ESTATE BROKERS ARE ALLOWED TO ENGAGE IN THE PRACTICE TO SELL REAL ESTATE PROPERTIES IN THE
PHILIPPINES)

THIS IS TO _________________________ TO LOOK FOR BUYERS OF THE PROPERTYM OR LOOK FOR A JOINT
VENTURE PARTNER SPECIALLY DESCRIBED AS FOLLOWS.

LOCATION OF PROPERTY:
CLASSIFICATION OF PROPERTY:
LOT AREA:
SELLING PRICE:
IMPROVEMENTS (IF ANY):

SELLERS ACCOUNT BUYERS ACCOUNT

1. CAPITAL GAINS TAX 1. DOCUMENTARY STAMPS TAX

2. UPDATED REAL PROPERTY TAX 2. TRANSFER FEE/TAX
3. AGENT’S COMMISSION REGISTRATION/APPLICATION FEES

THE BROKER SHALL BE ENTITLED TO RECEIVE COMMISSION RATE OF 5 % PERCENT OF THE NEGOTIATED/CLOSED
PRICE.

THE PERIOD OF THIS AUTHORITY IS UNTIL THE PROPERTY IS SOLD.

NOTWITHSTANDING WITH THE EXPIRATION OF THIS AUTHORITY, THE BROKER SHALL BE ENTITLED TO THEIR
COMMISSION IN CASE THE BUYER WHO THEY ALREADY REGISTERED WITH THE SELLER, PURCHASED THE
PROPERTY SUBJECT OF THIS AUTHORITY.

IN HEREBY REGISTER THE NAME OF MY PROSPECTIVE BUYER:

AUTHORIZED BY:

_____________
(SIGNATURE OF SELLER OVER PRINTED NAME)

AUTHORIZED BROKER/AGENT:

(SIGNATURE OF LICENSED BROKER) (SIGNATURE OF PRC REGISTERED SALESPERSON)

PRC LIC. NO.

WITNESS:

PRINTED NAME OVER SIGNATURE