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Authority To Sell

The seller authorizes the realtor to negotiate the sale of a real estate property. The authorization outlines the lot area, location, improvements, selling price, terms of payment, period and kind of authority, and expenses. The realtor will receive 50% of any earnest money paid by the buyer as commission. If the buyer forfeits earnest money or partial payments, the realtor receives 50% of the forfeited amount. The seller agrees not to negotiate directly with the realtor's buyers until an option to buy is offered. The realtor's commission is valid even if the authority expires, as long as a buyer is registered during the authority period.

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Charm Rampas
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3K views2 pages

Authority To Sell

The seller authorizes the realtor to negotiate the sale of a real estate property. The authorization outlines the lot area, location, improvements, selling price, terms of payment, period and kind of authority, and expenses. The realtor will receive 50% of any earnest money paid by the buyer as commission. If the buyer forfeits earnest money or partial payments, the realtor receives 50% of the forfeited amount. The seller agrees not to negotiate directly with the realtor's buyers until an option to buy is offered. The realtor's commission is valid even if the authority expires, as long as a buyer is registered during the authority period.

Uploaded by

Charm Rampas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Charmine A. Rampas L.L.B.

,REB
468 Gen Yenco St., Bagong Silangan,
Batasan Hills, Quezon City 1126
Subject: Authority to Sell with Hold-over Clause
Dear Engr. Dirain:
I hereby authorize you to to negotiate the sale of our real estate property with the following
description, terms, and conditons:
Lot Area
Location

:
:

Improvement

Selling Price
Terms of Payment
Period of Authority
Kind of Authority
Expenses of Sale
Sellers Account

:
:
:
:

Buyers Account
Brokers Commission

sqm

TCT No.

: updated realty tax, documentary stamp tax,


Capital gains tax and notarial expenses;
: transfer tax and registration expenses
: 5% of the agreed price

I hereby agree that your compensation shall be paid to you as follows:


1. Fifty (50%) percent of whatever earnest money the buyer pays shall be paid to you as part of
your commission.
2. Should there be forfeiture on the earnest money or partial payments for failure of the
buyer to exercise his/her option rights to buy, you shall be entitled to a fifty (50%) percent
of the forfeited amount.
I also agree that I cannot negotiate directly with your buyer not until an option to buy is offered.
By accepting this agreement, you undertake to use your efforts during the continuance of this agency
towards affecting a sale property.
That notwithstanding the expiration of this authority, you shall, nevertheless, still be entitled
to your commission as long as you register to me your buyer within the period of your authority.
Very truly yours,
Seller
With my marital consent:

Conforme:
Realtor Charmine A. Rampas
REB-NCR-0028547

ate the sale of our real estate property with the following

t of whatever earnest money the buyer pays shall be paid to you as part of

orfeiture on the earnest money or partial payments for failure of the


/her option rights to buy, you shall be entitled to a fifty (50%) percent

e directly with your buyer not until an option to buy is offered.

undertake to use your efforts during the continuance of this agency

n of this authority, you shall, nevertheless, still be entitled


u register to me your buyer within the period of your authority.

Realtor Charmine A. Rampas


REB-NCR-0028547

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