Form No. 54 Agreement (Appointment of Broker)

FORM NO.
54
Appointment of Broker
AGREEMENT
(APPOINTMENT OF BROKER)
KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT made and entered into this ____day ofApri1 2018 by and between:
_____________________, a domestic corporation organized and under Philippine
with office address at _________________; herein represented by its President,
____________;(Name and personal circumstances of Broker), and hereinafter
referred to as OWNER –
- a n d-
(Name and personal circumstances of Broker), and hereinafter reffered to as BROKER
WIT NE SSE T H:
WHEREAS, the OWNER is the registered owner of two (2) condominium units with parking
lots at (name and location of condominium building), covered by Condominium Certificate of
Title______ and ________, and more particularly described as follows:
(Description of property)
WHEREAS, the OWNER intends to sell the above-described condominium units, together
with the parking lots; and the BROIÆR offered to look for buyers of said properties.
NOW THEREFORE, for and in consideration of the foregoing covenants, the PARTIES
have agreed as follows:
1. The OWNER hereby appoints and authorizes the BROKER as its exclusive broker/sales person
to look for prospective buyer(s) of the above described properties for a period of ______MONTHS
from the execution of this agreement.
2. The BROKER shall register his buyers with the OWNER and the OWNER shall not
directly negotiate and close the transaction with the registered buyer without the knowledge of the
BROKER during the effectivity of this agreement.
3. In as much as the BROKER appointment is exclusive, any queries of any interested

buyers or brokers on the subject properties shall be forwarded or coursed by the OWNER to the
BROKER
4. The OWNER authorizes the BROKER to negotiate for the sale of said properties to his
registered buyer under the following terms and conditions:
a. Purchase Price on Cash Basis.

b. The said purchase price shall be net of all taxes, fees, charges and expenses
necessary to transfer and consolidate the titles in the name of the buyer.
c. The said purchase price shall be paid at one-time payment in cash or
Manager's check in the name of the OWNER simultaneously with the
execution of the Deed of Absolute Sale by the OWNER in favor of the buyer.
d. The OWNER shall deliver and surrender the CCT, tax declarations and all
documents and p*pers necessary for the transfer and consolidation of the title
of said properties to the buyer upon receipt of the purchase price.
e. The buyer shall cause the transfer and consolidation of the titles of the subject
properties in its/his name and all taxes, fees, charges and expenses shall be
shouldered by the buyer.
5. The broker's fee shall be ______ (%) of the total purchase price of the above-described
properties. The BROKER is not authorized have an over price, or negotiate for the sale of the said
properties other than what has been stated in paragraph 4 (a) above.
6. The BROKER shall be entitled to his full commission even after the expiration of this
agreement, provided, that the transaction was finalized and closed by the BROKER to his registered
buyer during the period of this agreement; and provided, further that the sale was consummated
within Thirty (30) days from the expiration of this agreement.
7. The BROKER is not authorized to appoint a substitute; nor assign or transfer his
obligations in this agreement without the written consent of the OWNER. Any and all proposals or
offer to purchase the subject properties shall be subject to the approval of the OWNER.
8. This agreement shall be terminated on any of the following grounds:
a) expiration of the period of appointment as fixed herein;
b) failure of the BROKER to comply with his commitments in the agreement;
9. The BROKER is not authorized to sell, convey or encumber any of the subject
properties,
10. This agreement does not create an employer-employee relationship between the
OWNER on the one hand and the BROT„GR on the other hand.
IN WITNESS WHEREOF, the parties affixed their signatures this __th day of ________20___
Seller Broker
SIGNED IN THE PRESENCE OF:

______________________ ____________________________
ACKNOWLEDGMENT
(Signature and Seal of the Notary Public)

Form No. 54 Agreement (Appointment of Broker)

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FORM NO.

KNOW ALL MEN BY THESE PRESENTS:

3. In as much as the BROKER appointment is exclusive, any queries of any interested

a. Purchase Price on Cash Basis.

SIGNED IN THE PRESENCE OF:

(Signature and Seal of the Notary Public)

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