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Activity 1

Michelle G. Malinao was instructed to create a Listing Contract and Real Estate Broker Fee Agreement for a property located in Nahulid, Libagon, Southern Leyte. The 3-sentence summary is: The Listing Contract authorizes Michelle G. Malinao to negotiate the sale of a 200 sq.m property with a 150 sq.m house located in Nahulid, Libagon, Southern Leyte for Php 8,000,000 with a 5% commission and 6 month authority. Joel and Analyn Montehermoso agree to pay Michelle G. Malinao a 5% commission, not exceeding Php 400,000, to advise them on the sale

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Michelle Gozon
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160 views3 pages

Activity 1

Michelle G. Malinao was instructed to create a Listing Contract and Real Estate Broker Fee Agreement for a property located in Nahulid, Libagon, Southern Leyte. The 3-sentence summary is: The Listing Contract authorizes Michelle G. Malinao to negotiate the sale of a 200 sq.m property with a 150 sq.m house located in Nahulid, Libagon, Southern Leyte for Php 8,000,000 with a 5% commission and 6 month authority. Joel and Analyn Montehermoso agree to pay Michelle G. Malinao a 5% commission, not exceeding Php 400,000, to advise them on the sale

Uploaded by

Michelle Gozon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Name: MALINAO, MICHELLE G.

Date: 8/5/2021

Program and Year: BSREM 4 RESBKGE

DIRECTIONS: Make a Listing Contract and Real Estate Broker Fee Agreement using the
form hereunder.

Activity 1.

Make a Listing Contract/Real Estate Broker Fee Agreement using the format below.

AUTHORITY TO SELL (LISTING CONTRACT)

TO: MICHELLE G. MALINAO, REB

This will authorize you to negotiate the sale of my property under the following terms and
conditions.

Location : Nahulid, Libagon, Southern Leyte

Description : 3122 Lot No. 45886 TCT No.

Area : 200 sq.m.

Improvements : 150 sq.m. house

Price : Php 8,000,000.00

Expenses : • seller’s account: updated realty tax up to the year of sale, capital
gains tax, preparation of sales documents and notarization, broker’s
commission

: • buyer’s account: documentary stamp tax, transfer tax, registration


fees, new tax declaration, and all other related expenses not mentioned
above

Commission : 5% of the agreed amount

Authority : within six (6) months from date of this authority

Remarks : _______________________________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________
CONFORME:

JOEL MONTEHERMOSO ANALYN MONTHERMOSO


OWNER Owner
Signature over printed name Signature over printed name

MICHELLE G. MALINAO, REB OFELIA TUBLE


Brokers Signature over printed name WITNESS
PRC REB License No. 007808
Date : Exp. 2021
ARNOLD PILO
WITNESS

REAL ESTATE BROKER FEE AGREEMENT

MR. JOEL MONTEHERMOSO AND MRS. ANALYN MONTEHERMOSO,

the seller(s) of the real property located at Barangay Nahulid, Libagon, Southern Leyte,
hereby engage MICHELLE G. MALINAO, a licensed real estate broker in the Philippines, to
advise them as to the mechanics involved in selling their own house, with the intention that
the broker shall act as needed as an advisor as to typical sale procedures, the preparation of
routine forms, comparable sales prices, information on available financing, and suggestions
as to competent professionals, such as attorneys, accountants, pest control inspectors,
general contractors, etc., as needed.

Broker shall be paid a commission of 5% but not to exceed a total amount of Php 400,000.00,
based on the broker’s estimate. Broker shall be paid in accordance with the existing listing
contract.

If the seller and broker agree that more of the broker’s time is needed, an additional written
contract will be prepared.

It is understood that sellers are handling their own sale and solely responsible for all
decisions made and paperwork prepared. In addition, it is expressly agreed that broker will
not provide any legal direction or tax or estate planning advice, and shall make no
representation concerning the physical condition of the property or the legal condition of
title to any party. Broker expressly recommends that sellers seek the appropriate
professional advice offered by attorneys, tax accountants, pest control inspectors, and/or
general contractors as needed.

Agreed this date of 5th day of August, 2021, by:


______________________________________________

______________________________________________

Sellers:

JOEL MONTEHERMOSO ANALYN MONTEHERMOSO

Broker:

MICHELLE G. MALINAO, REB

By

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