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Authority To Sell

This document authorizes the broker to negotiate the sale of the owner's property described in the title on a first come, first served basis. The asking price is 1,500 Philippine pesos per square meter in cash or other agreed upon terms. The broker will receive a 5% commission on the selling price paid by the seller upon receipt of funds. This authority is valid for three months unless revoked earlier.

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Ramon Chito Pudelanan
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718 views3 pages

Authority To Sell

This document authorizes the broker to negotiate the sale of the owner's property described in the title on a first come, first served basis. The asking price is 1,500 Philippine pesos per square meter in cash or other agreed upon terms. The broker will receive a 5% commission on the selling price paid by the seller upon receipt of funds. This authority is valid for three months unless revoked earlier.

Uploaded by

Ramon Chito Pudelanan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Authority to Sell

This is to authorize you to procure a buyer and negotiate the sale, on first come first served
basis, of my property described in OCT Nos. including all existing improvements
thereon, under the following terms and conditions.

Location and description

Price of the Property


The asking price shall be one thousand, five hundred pesos per square meter only,
Philippine Currency

Term of Payment
The term of payment shall be in cash basis or any other term of payment agreed by me and
the buyer

Condition of Authority
This authority is non-inclusive and shall be on a first come first served basis. You shall,
therefore be credited for the sale and be paid the broker’s professional fee stipulated herein
should the sale be made/effected by a person whose name you informed us via email and
will be effective once we acknowledge the name as registered.
Multiple Listing
You are, likewise, authorize to include the above-described properties in a Multiple Listing
System should you deem it more advantageous on my part for purposes of disposing the
same.

Expenses
All expenses shall be for the account of the buyer except for;
___ Capital Gains Tax ___ Documentary Stamp Tax
___ Registration and Transfer Fees ___ Broker’s Professional Fee
___ Notarial Fee ___ Others (please specify): _______________

Broker’s Professional Fee


You shall, as licensed real estate broker, be entitled to a professional fee of 5% based on
the selling price.
The said professional fee shall be payable by the seller/owner upon their full receipt of the
total selling price or upon receipt of the full downpayment in case of installment.

Validity
This authority shall remain in full force and effect for a period of three months upon signing
by both parties, unless revoked by the owner in a manner allowed under the immediately
next preceding paragraph.

Hold-Over-Clause
You shall be credited with the scale of this property and therefore be entitled to all the
commissions and the fruit of this transaction even if the sale is perfected and/or
consummated after the expiration/revocation of this Authority. Registration with us shall be
done by emailing the name and will be effective once we acknowledge the name registered.
I hereby certify that I am the owner in fee simple said property and that said property is free
and clear from all liens or encumbrances other than those annotated in the original copy of
the title on file with proper Registry of Deeds.
Done this ____ day of _____________ , 2020 at ________________________, Philippines.

SIGNED IN THE PRESENCE OF

___________________________ ____________________________
ACKNOWLEDGEMENT
Republic of the Philippines )
City of CAGAYAN DE ORO) S.S.

BEFORE ME, a Notary Public in, and for __________________________________, this


_____ day of ____________, 2020 personally came and appeared:

NAME CTC/TIN No. DATE/PLACE PF ISSUE

Known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that same is of their own free and voluntary act and
deed.
This instrument, consisting of four (4) pages including this page on which this
acknowledgement is written, has been signed by the parties on each and every page
thereof.

WITNESS MY HAND AND SEAL on the day and in the year and place above written.

Doc. No. ______ ;


Page No. ______ ;
Book No. ______ ;
Series of 2020.

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