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This Net Brokerage Agreement template is designed for use in the Philippine real estate market, where brokerage relationships are governed by the Real Estate Service Act (RESA) and related regulations. The document is essential when establishing a professional relationship between licensed brokers and their clients, whether they are property owners, developers, or investors. It specifically addresses the net brokerage fee structure, where the commission is calculated after accounting for certain deductions or expenses. The agreement includes comprehensive provisions for broker duties, client obligations, payment terms, and regulatory compliance requirements specific to the Philippine jurisdiction. It's particularly relevant in scenarios where transparency in fee structures and clear delineation of responsibilities is crucial for both parties.

1. Parties: Identification of the broker and the principal, including their complete legal names, addresses, and registration/license details

2. Background: Context of the agreement, including the broker's qualifications and the principal's intention to engage brokerage services

3. Definitions: Key terms used throughout the agreement, including 'Net Brokerage Fee', 'Property', 'Transaction', and other relevant terms

4. Appointment and Scope: Terms of the broker's appointment and detailed description of authorized services

5. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for termination

6. Broker's Rights and Obligations: Detailed responsibilities of the broker, including marketing efforts, reporting requirements, and compliance obligations

7. Principal's Rights and Obligations: Principal's responsibilities, including providing necessary information and cooperation

8. Commission Structure: Detailed explanation of the net brokerage fee calculation, payment terms, and conditions for commission earning

9. Representations and Warranties: Standard declarations by both parties regarding authority, capacity, and compliance

10. Confidentiality: Obligations regarding confidential information and trade secrets

11. Liability and Indemnification: Allocation of risks and responsibilities between parties

12. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, and dispute resolution