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Registration Agreement Between Brokers Template for Philippines

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Key Requirements PROMPT example:

Registration Agreement Between Brokers

"I need a Registration Agreement Between Brokers for a collaboration between my Manila-based residential property brokerage and a Cebu-based commercial property broker, with a 60-40 commission split arrangement, to be effective from March 1, 2025."

Document background
The Registration Agreement Between Brokers serves as a crucial document in the Philippine real estate industry, establishing formal collaboration between licensed real estate professionals. This agreement is particularly necessary when brokers wish to establish ongoing professional relationships for property listings, client referrals, and commission sharing arrangements. It ensures compliance with the Real Estate Service Act (RESA) of 2009 and related Philippine regulations while protecting the interests of all parties involved. The document typically includes detailed provisions about commission structures, territorial rights, confidentiality obligations, and dispute resolution mechanisms, making it essential for professional real estate practice in the Philippines. It's commonly used when brokers from different agencies or independent brokers wish to formalize their working relationship while maintaining compliance with local regulatory requirements.
Suggested Sections

1. Parties: Identification of the brokers entering into the agreement, including their PRC license numbers and business addresses

2. Background: Context of the agreement and the intention to collaborate in real estate transactions

3. Definitions: Key terms used throughout the agreement, including specific real estate and brokerage terminology

4. Scope of Collaboration: Details of how the brokers will work together and share listings

5. Registration and Licensing Requirements: Confirmation of proper licensing and registration status of both parties

6. Commission Structure: Terms for commission sharing and payment procedures

7. Responsibilities and Obligations: Specific duties and obligations of each broker in the collaboration

8. Confidentiality: Provisions for handling confidential information and client data

9. Term and Termination: Duration of the agreement and conditions for termination

10. Dispute Resolution: Process for resolving disagreements between the parties

11. Governing Law: Specification of Philippine law as governing law and relevant jurisdictions

12. General Provisions: Standard contract clauses including notices, amendments, and severability

Optional Sections

1. Exclusive Arrangements: Terms for exclusive listing arrangements between the brokers, used when parties agree to exclusive collaboration for certain properties or clients

2. Marketing and Advertising: Guidelines for joint marketing efforts and brand usage, included when brokers plan to conduct joint marketing activities

3. Training and Support: Provisions for mutual training and support services, relevant when brokers agree to share resources and expertise

4. Digital Platform Usage: Terms for using shared digital platforms or tools, included when brokers utilize common technology solutions

5. International Transactions: Special provisions for handling international real estate transactions, included when brokers deal with foreign properties or clients

6. Anti-Money Laundering Compliance: Detailed AML procedures and requirements, necessary when handling high-value transactions or dealing with foreign clients

Suggested Schedules

1. Schedule A - Commission Structure: Detailed breakdown of commission rates and sharing arrangements

2. Schedule B - Territory Allocation: Map or description of geographic areas covered by the agreement

3. Schedule C - Required Documentation: List of standard documents required for transactions

4. Schedule D - Contact Information: Detailed contact information for key personnel from both parties

5. Appendix 1 - Standard Operating Procedures: Detailed procedures for handling joint listings and transactions

6. Appendix 2 - Compliance Checklist: Checklist of regulatory requirements and compliance procedures

Authors

Alex Denne

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

Relevant legal definitions








































Clauses




































Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Property Management

Real Estate Investment

Construction

Urban Development

Relevant Teams

Legal

Real Estate Operations

Compliance

Business Development

Property Management

Sales

Administration

Risk Management

Document Control

Professional Standards

Relevant Roles

Real Estate Broker

Senior Real Estate Broker

Managing Broker

Real Estate Agency Owner

Property Consultant

Real Estate Director

Compliance Officer

Legal Counsel

Real Estate Operations Manager

Business Development Manager

Real Estate Agency Principal

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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