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Authority To Sell Extension

This document extends the authority of a real estate broker to sell a property for an additional number of days. It specifies the location, lot area, improvements, price, terms of payment, and expenses of the sale. The broker agrees to give the extended broker a percentage of any commission received for a sale to a buyer registered by the extended broker within one year, even if the sale occurs after the extension expires. The document is signed by both brokers to acknowledge the extension of authority and holdover clause.

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Paul Baes
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924 views1 page

Authority To Sell Extension

This document extends the authority of a real estate broker to sell a property for an additional number of days. It specifies the location, lot area, improvements, price, terms of payment, and expenses of the sale. The broker agrees to give the extended broker a percentage of any commission received for a sale to a buyer registered by the extended broker within one year, even if the sale occurs after the extension expires. The document is signed by both brokers to acknowledge the extension of authority and holdover clause.

Uploaded by

Paul Baes
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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EXTENSION OF AUTHORITY TO SELL

Date: ________________________

To: __________________________
__________________________

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: ____________________________________________________________
Buyer’s Account: ____________________________________________________________
BROKER’S COMMISSION: ______________________________________________________

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 ________% of whatever gross 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.

Should the sale be consummated after the expiration of this authority, you are still entitled to the commission during the holdover period
of one year, provided the buyer or the buyer’s representative is registered as a sales lead in writing or any other form to the attention
and information of the listing broker on or before the expiration of this instrument.

LISTING AGENT: ________________________ ACCEPTED BY:________________________


LICENSED REAL ESTATE BROKER LICENSED REAL ESTATE BROKER
PRC License No. ______ PRC License No. _______

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES) _____________________________ ) SS.

BEFORE ME, a Notary Public for and in the City of ___________________, personally appeared:

Known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that
the same are their free act and voluntary deed.

This instrument, consisting of one (1) page, including the page on which this acknowledgment is written, has been signed on the
left margin of each and every page thereof by the concerned parties and their witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEAL on this ___day of ______________20__ at_______________.

Doc. No. ........;


Page No. .......;
Book No. .......;
Series of 20__.

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