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Extension Authority To Sell

EXTENSION OF AUTHORITY TO SELL 

                                                                                                  Date: ____________________

TO: __________________________

       375 Acacia St., Barangay Camputhaw, Cebu City

Subject: Extension of Authority with Hold-over Clause

Dear  _____________________________ 

 By virtue of the authority given to me by my client to sell his/her real estate property, to wit:

LOCATION :  ____________________________________________________________

LOT AREA :   ____________________________________________________________

IMPROVEMENTS : ________________________________________________________

PRICE :  _________________________________________________________________

TERMS OF PAYMENT: _____________________________________________________

EXPENSES OF SALE: 

    Seller’s Account: Updated realty tax, documentary stamp tax, capital gains tax, notarial expenses

    Buyer’s Account: transfer tax and registration expenses

BROKER’S COMMISSION: 5% of the agreed price

REMARKS : ______________________________________________________________

_________________________________________________________________________

_________________________________________________________________________ 

I  hereby extend to you this authority to sell the above property within ____ days from today. Should you be successful in offering the above property, I oblige myself to give you 50% of whatever net commission I will receive from the seller immediately upon receipt thereof. It is agreed that in  all transactions or negotiations  regarding your buyer and this property, you shall be informed and you shall always be present together with me with utmost transparency.

____________________

        Listing Agent

Real Estate Agent License No. ______

Address: __________________________________________________

________________________________________________________

ACCEPTED BY:

________________________________

LICENSED REAL ESTATE BROKER

Real Estate Broker’s License No. _______

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