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The Buyer Representation Agreement Form is a fundamental document in Philippine real estate transactions, designed to formalize the professional relationship between property buyers and licensed real estate brokers. This agreement is essential when a buyer seeks professional representation in their property search and acquisition process, whether for residential or commercial purposes. The document complies with the Real Estate Service Act (RESA) of 2009 and other relevant Philippine regulations, incorporating mandatory provisions for broker licensing, service scope, and client protection. It typically includes detailed terms about the broker's duties, compensation structure, exclusivity arrangements, and the specific services to be provided. The agreement is particularly important in the Philippine context, where real estate transactions require careful documentation and compliance with strict regulatory requirements to protect all parties involved.

1. Parties: Identifies the buyer(s) and the real estate broker/agency, including their complete legal names, addresses, and license details (for the broker)

2. Background: Brief context explaining the buyer's intention to engage the broker's services in finding and purchasing property

3. Definitions: Defines key terms used throughout the agreement, including 'Property Requirements,' 'Exclusive Representation,' 'Commission,' etc.

4. Scope of Services: Details the specific services the broker will provide, including property search, negotiations, and assistance through closing

5. Term of Agreement: Specifies the duration of the representation agreement, including start and end dates

6. Broker's Obligations: Lists the broker's duties, responsibilities, and standard of care owed to the buyer

7. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate information and cooperating with the broker

8. Compensation: Details the broker's commission structure, payment terms, and conditions for earning the commission

9. Exclusivity: States whether the agreement is exclusive or non-exclusive and the implications thereof

10. Termination: Specifies the conditions under which either party may terminate the agreement and the consequences

11. Confidentiality: Addresses the handling of confidential information shared during the representation

12. Governing Law: Confirms that the agreement is governed by Philippine law and specifies the jurisdiction

13. Execution: Signature block and execution details for all parties