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REAL ESTATE BROKERING AGREEMENT WITH AUTHORITY TO LOOK FOR BUYERS

KNOW ALL MEN BY THESE PRESENTS: This contract made and executed by and between: _____________________________, Filipino, of legal age, married to ___________________________ and a resident of _______________________________, hereinafter referred to as the SELLER a n d -

______________________ of legal age, Filipino, married and a resident of Davao City, Philippines and hereinafter referred to as the BROKER; W I T N E S S E T H: That the SELLER is the registered owner of that certain parcel of land located at __________________________, containing an area of _________________________________ Square Meters and covered by Transfer Certificate of Title No. ________________ issued by the Registry of Deeds of the Davao City hereto attached as Annex A and more particularly described as follow:

That the SELLER engages the services of the BROKERS under such terms and conditions hereinafter indicated. NOW THEREFORE the parties have hereto agreed as follows: 1. TERM : The term of this contract shall commence upon signing of the agreement until the above-described property is sold or until this contract is revoked by mutual agreement by the parties and upon actual receipt by the BROKER of the letter of termination issued by the SELLER. 2. SERVICES: The SELLER obtains the services of herein BROKER for a commission to offer, advertise, solicit, list, promote and negotiate the above-described property to the prospective buyers for ____

per square meter or for a price as may be agreed by the SELLER and the prospective BUYER during the negotiations. 3. COMMISSION: The Broker shall be entitled to Five (5 %) commission if he/she/they are the procuring cause of the sale. The Five (5 %) commission shall be computed based on the actual purchase price. 4. RIGHTS OF THE SELLER The Seller shall retain all his rights over the abovedescribed property subject to the rights of the brokers under this contract. 5. RIGHTS OF THE BROKER The broker shall have the following rights: a. To received commission set forth under this contract; b. To inspect the property; c. To offer, advertise, solicit, list, promote, mediate, negotiate or affect the meeting of the minds on the sale of the above-described property; d. Lien over the proceeds of the sale until the commission is paid; e. To be informed of the status of the negotiations between the seller and the prospective buyer; f. To received full payment of the commission regardless of the terms of the sale. 6. NO EXCLUSIVITY This contract real estate brokering contract is non exclusive, hence, the seller can freely engage the services of other brokers in accordance with Republic Act 9646 otherwise known as the Real Estate Service Act.

IN WITNESS WHEREOF, the parties have hereunto set their hands this April __ , 2012 at Davao City, Philippines.

_______________ Seller Witnesses: _______________ ________________

________________ Broker