MEMORANDUM OF AGREEMENT

Commission Sharing Agreement

KNOW ALL MEN BY THESE PRESENTS:

This agreement is entered into by and between:

_________________________________, of legal age with address at __________________,

representing the “SELLERS’ BROKERS/AGENTS”

-and-

_________________________________, of legal age with address at __________________,

representing “BUYERS’ BROKERS/AGENTS”

Terms and Conditions:

1. The “SELLERS’ BROKERS/AGENTS” should present a notarized Authority to Sell
(ATS) before the BUYERS’ BROKERS register the complete details of the BUYER(S). The
SELLERS’ BROKERS/AGENTS should also present all pertinent documents regarding the
property for sale.
2. Fifty-fifty (50-50) commission sharing regardless of how many “BROKERS/AGENTS”
represent either BUYER(S) or SELLER(S);
3. If there is any markup beyond the approved ______ % of commission the excess amount
can be split in a mutually agreed percentage which can be discussed later.
4. Commissions will be released depending on the mode the SALE has been consummated.
5. In cases of disputes in regards to commission sharing, it should be settled in the proper
courts of San Fernando, La Union.

Done this _____ day of _______, 20___ at ___________________________________

__________________________ __________________________
SELLERS’ BROKERS/AGENTS BUYERS’ BROKERS/AGENTS
(Print over Signature) (Print over Signature)

__________________________ __________________________
SELLERS’ BROKERS/AGENTS BUYERS’ BROKERS/AGENTS
(Print over Signature) (Print over Signature)

__________________________ __________________________
SELLERS’ BROKERS/AGENTS BUYERS’ BROKERS/AGENTS
(Print over Signature) (Print over Signature)

Signed on the presence of:

______________________________ ______________________________
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

PROVINCE OF _______________ ) S.S.
____________________________ )

BEFORE ME, a Notary Public for and in _______________________, this day of ______,
2019 personally appeared the above-named parties, with their Passport Nos. below their
names and signatures, indicating the number, place and date of issue, known to me and to me
known to be the same persons who executed the foregoing instrument and they
acknowledged to me that the same is their free act and voluntary deed.
WITNESS MY HAND and SEAL, on the day and place above written.

Name CTC Number/Passport Number Place and Date Issued

NOTARY PUBLIC
Doc No.
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Book No.
Series of 2019