This document is a deed of undertaking by a broker to submit documents on behalf of a property buyer to Avida Land Corp. and/or HDMF by a specified date. The broker agrees to submit documents necessary for credit investigation and booking of an account for a property. The broker understands their right to receive incentives and commissions depends on submitting the documents on time. Failure to meet the deadline will result in forfeiture of 50% of their commission, capped at 2% of their rate.
This document is a deed of undertaking by a broker to submit documents on behalf of a property buyer to Avida Land Corp. and/or HDMF by a specified date. The broker agrees to submit documents necessary for credit investigation and booking of an account for a property. The broker understands their right to receive incentives and commissions depends on submitting the documents on time. Failure to meet the deadline will result in forfeiture of 50% of their commission, capped at 2% of their rate.
This document is a deed of undertaking by a broker to submit documents on behalf of a property buyer to Avida Land Corp. and/or HDMF by a specified date. The broker agrees to submit documents necessary for credit investigation and booking of an account for a property. The broker understands their right to receive incentives and commissions depends on submitting the documents on time. Failure to meet the deadline will result in forfeiture of 50% of their commission, capped at 2% of their rate.
I, ____________________________________ of legal age, Filipino, being the
broker/agent of Mr./Ms. _______________________________________, who is a buyer of a property in _______________________________, more particularly referred to as __________________________________(Unit, Block No., etc.), do hereby freely and voluntarily undertake/bind myself to submit to Avida Land Corp. and/or HDMF for and in behalf of the buyer the documents specified below on _______________________. 1) __________________________________ 2) ___________________________________ 3) ___________________________________ 4) ___________________________________ 5) ___________________________________ I fully understand that said documents are necessary for the credit investigation, booking and/or take-out of the abovementioned account. Furthermore, I am also aware that my right to receive incentives and commissions is dependent on the timely submission of said documents within the period referred to above, and subject to the provision of Section 9 of the Reservation and Downpayment Agreement. I also accept that my failure to submit the necessary documents on the commitment date will result to the forfeiture of 50% of my commission with said forfeiture capped at 2% points of my commission rate.
Very truly yours,
______________________________ (Signature over Printed Name)