AUTHORITY TO SELL WITH EXCLUSIVE RIGHT TO SELL AGREEMENT

THIS AGREEMENT is entered into on this ____ day of _______, 20, by and between:

PARTIES:

PRINCIPAL: Name: [Principal’s Full Name] Citizenship: Filipino Civil Status: [Married/Single/Widowed], of legal age Residential Address: [Complete Residential Address] Tax Identification Number (TIN): [TIN Number]

And

AUTHORIZED AGENT: Name: [Agent’s Full Name] Citizenship: Filipino Civil Status: [Married/Single/Widowed], of legal age Residential Address: [Complete Residential Address] Tax Identification Number (TIN): [TIN Number]

Collectively referred to as the “PARTIES.”

WITNESSETH, that:

WHEREAS, the PRINCIPAL is the lawful owner of certain real property situated in the City/Municipality of [City/Municipality], Province of [Province], Philippines, described as follows:

(Insert Property Description here, including title information, lot number, boundaries, and technical details as per the Transfer Certificate of Title or Tax Declaration.)

WHEREAS, the PRINCIPAL desires to grant an exclusive right to the AUTHORIZED AGENT for the marketing and sale of the said property;

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained herein, the Parties agree as follows:

  1. Appointment: The PRINCIPAL appoints the AUTHORIZED AGENT with the exclusive right to offer, negotiate, and secure potential buyers for the property.
  2. Exclusive Right to Sell: During this Authority to Sell’s term, the AUTHORIZED AGENT shall exclusively market and sell the property. The PRINCIPAL agrees not to appoint other agents or personally sell the property during this exclusive authority.
  3. Duties and Obligations of the AUTHORIZED AGENT: a. The AUTHORIZED AGENT shall use best efforts to market and promote the property. b. The AUTHORIZED AGENT shall provide accurate information to interested buyers and facilitate property viewings. c. The AUTHORIZED AGENT shall promptly inform the PRINCIPAL of any inquiries, offers, or developments. d. The AUTHORIZED AGENT shall not engage in any activity harmful to the PRINCIPAL’s interests or reputation.
  4. Compensation: The AUTHORIZED AGENT’s compensation shall be a commission based on the successful property sale. Commission rate and payment terms shall be __________________________________________________________________________________________________________.
  5. Duration: This Agreement is effective for [Duration in months or years] from the execution date, unless terminated earlier by written notice from either Party.
  6. Termination: If the PRINCIPAL sells the property directly or through another agent during this exclusive authority, the AUTHORIZED AGENT is entitled to the agreed commission if the buyer was sourced or negotiated by the AUTHORIZED AGENT during the exclusive authority.
  7. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the Republic of the Philippines.

IN WITNESS WHEREOF, the PARTIES have set their hands on the date and place first above written.

[Principal’s Full Name and Signature] Principal

[Authorized Agent’s Full Name and Signature] Authorized Agent

SIGNED IN THE PRESENCE OF:

[Witness 1 Name and Signature] Address: ___________________

[Witness 2 Name and Signature] Address: ___________________