1. EXTENSION OF AUTHORITY TO SELL<br /> <br /> <br /> Date: ____________________<br /> <br />TO: __________________________<br /> <br /> 375 Acacia St., Barangay Camputhaw, Cebu City<br /> <br /> <br />Subject: Extension of Authority with Hold-over Clause<br /> <br />Dear _____________________________<br /> <br /> By virtue of the authority given to me by my client to sell his/her real estate property, to wit:<br /> <br />LOCATION : ____________________________________________________________<br />LOT AREA : ____________________________________________________________<br />IMPROVEMENTS : ________________________________________________________<br />PRICE : _________________________________________________________________<br />TERMS OF PAYMENT: _____________________________________________________<br />EXPENSES OF SALE: <br /> Seller’s Account: Updated realty tax, documentary stamp tax, capital gains tax, notarial expenses<br /> Buyer’s Account: transfer tax and registration expenses<br />BROKER’S COMMISSION: 5% of the agreed price<br />REMARKS : ______________________________________________________________<br />_________________________________________________________________________<br />_________________________________________________________________________<br /> <br />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.<br /> <br /> <br />____________________<br /> Listing Agent<br />Real Estate Agent License No. ______<br />Address: __________________________________________________<br />__________________________________________________________<br /> <br /> <br />ACCEPTED BY:<br /> <br />________________________________<br />LICENSED REAL ESTATE BROKER<br />Real Estate Broker's License No. _______<br />