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Authority to Sell Real Estate in Bohol

The document grants four licensed real estate brokers - Earl Paolo Limosnero, Reggie De Luna, Max Matildo, and Wilbert S. Paconla - non-exclusive authority to negotiate the sale of two parcels of land in Tawala, Panglao, Bohol. The parcels total 7,282 square meters with a selling price of 6,000 Philippine pesos per square meter. The agency fee for a successful sale is five percent of the selling price, payable upon signing a legally binding agreement. Any buyers introduced by the brokers during the term of this authority will be credited to them for 90 days following the authority's termination, entitling the brokers to the corresponding fee

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Earl Paolo Tudence Limosnero
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15 views2 pages

Authority to Sell Real Estate in Bohol

The document grants four licensed real estate brokers - Earl Paolo Limosnero, Reggie De Luna, Max Matildo, and Wilbert S. Paconla - non-exclusive authority to negotiate the sale of two parcels of land in Tawala, Panglao, Bohol. The parcels total 7,282 square meters with a selling price of 6,000 Philippine pesos per square meter. The agency fee for a successful sale is five percent of the selling price, payable upon signing a legally binding agreement. Any buyers introduced by the brokers during the term of this authority will be credited to them for 90 days following the authority's termination, entitling the brokers to the corresponding fee

Uploaded by

Earl Paolo Tudence Limosnero
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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AUTHORITY TO SELL/OR LEASE

Effective today, April 24, 2019, the undersigned Owner/Seller hereby grants the following
licensed real estate brokers:

 Earl Paolo Limosnero, REB


 Reggie De Luna, REB
 Max Matildo
 Wilbert S. Paconla

the right and authority to negotiate the sale of our real estate property particularly described as
follows:

Location : Tawala, Panglao, Bohol


Title No. : Title No. 65004
Lot Area : 5, 137 sqm and 2, 145 sqm
Lot No. : 311 and 308
Selling Price : 6,000PhP/sqm
Improvement : None
Type of Authority : Non-Exclusive
Period of Authority : Open
Agency Fee : Sale – Five percent (5%) of Selling Price
Payable upon execution of legally binding agreement
Expenses of Sale : Buyer’s Account – 1. Updated realty tax,
2. Capital gains tax or CWT,
3. Documentary stamp tax,
4. Value-added tax, if applicable and
5. Notarial expenses
6. Transfer tax and
7. Registration fee

We are selling said property/ies free and clear from any liens and encumbrances other than
those annotated in the original copy of the titles on file with the Register of Deeds of Bohol and
that the property is not a subject of any pending court litigation involving its ownership or
possession. By accepting this agreement, we will provide you with photocopies of necessary
documents and you hereby commit to use all your sales and marketing efforts towards
completing the sale and shall register with us the names of your prospective buyer(s) during the
period covered by this Authority.

Any ongoing negotiations at the time of the termination of this Authority will remain to your
account. Should these negotitations result in a successful transaction after the termination, then
you shall be entitled to the Broker’s Fee as setforth above. Further, all buyers/parties you
introduced during the term of this Agreement shall be registered in writing and credited to you
within ninety (90) days after the termination of this Authority. You shall be entitled to the
corresponding brokerage fee stated above.

Very truly yours,

Alfredo Dumalag

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