LICENSED BROKER S INFORMATION SHEET Individual Corporate Partnership
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1 S INFORMATION SHEET Individual Corporate Partnership Date: Referred by: Accreditation No.: PERSONAL INFORMATION Last Name First Name Middle Name 2X2 ID PICTURE CORPORATE ATTIRE RED BACKGROUND Residence Address Zip Code Home Telephone No. Mobile No. Fax No. Personal Address Citizenship Date of Birth Place of Birth Gender Male Female Civil Status Single Married Widow/er Legally Separated Divorced Government Issued ID No. Date Issued Place Issued PRC License No. Date Issued Expiration HLURB License No. Date Issued Expiration Company Name Tax Identification No. SEC Registration No. (if applicable) Office Address Zip Code Office Telephone No. Office Mobile No. Office Fax No. Office Address How many people are working under you? Licensed Brokers/Realtors Agents Others Industry Affiliation / Membership - Real Estate Brokers License (PRC) - HLURB Certificate - VAT Registration / Proof of TIN - Any Valid Gov't Issued ID w/ photo & signature - 2 pcs. 2x2 ID Picture (201 File) - 2 pcs. 1x1 ID Pictures (ID Card) DOCUMENTS TO BE SUBMITTED (Photocopy) - DTI Registration (Sole Proprietor/Corporation) - SEC Registration (Partnership/Corporation) - Articles of Partnership (Partnership) - Articles of Incorporation & By-Laws (Corporation) - Secretary's Certificate / Board Resolution (Corporation) I/We hereby certify that the above information is true and correct to the best of my/our knowledge and that MYSPACE PROPERTIES, INC. is authorized to obtain such information as it may require for the purpose of evaluating my/our application. TO BE FILLED UP BY MYSPACE PROPERTIES, INC. Received by Date Received Date created in the database Noted by
2 For Broker House, kindly include list of your agents/sub-agents under your Group. AGENT S NAME CONTACT NUMBER ADDRESS
3 ACCREDITATION AGREEMENT Upon acceptance and approval of my accreditation, I agree to promote and market the real estate inventories of MYSPACE PROPERTIES, INC. (MPI), abide and follow the rules and regulations promulgated by MPI, be responsible for all accounts and documents and, to protect with diligence myself at all times in a manner following the code of ethics governing the practice of the real estate profession. Rate of Commission: 5% This agreement may be terminated by either party on a thirty (30) day notice; or, immediately in case of duplicable violation of the policies, rules and regulations set by MPI and the established code of ethics of the real estate profession. MPI may also withhold payments due to me, without the need of a court order or action, or seek remedies allowed by law in case I violate any part of this Accreditation Agreement. CONFORME: ENDORSED BY : Name of Broker and Company BERNADETTE T. ABELLA Sales Director, Brokers Network Signature APPROVED BY: Date MA. GILDA G. ALCANTARA VP Head of Sales
4 GENERAL POLICIES GOVERNING ACCREDITATION OF BROKERS (As of August 2014) 1. Prerequisites for Accreditation Brokers who wish to be accredited by MPI for the purpose of marketing and selling lots or units in MPI projects must submit the following requirements for accreditation: 1.1 Photocopy of license as a real estate broker issued by the Professional Regulation Commission (PRC); 1.2 Photocopies of Value Added Tax (VAT) Registration and Tax Identification Number (TIN) card issued by the Bureau of Internal Revenue (BIR). 1.3 An application letter, signifying therein the broker s undertaking to comply with these general policies and the guidelines governing the sale of lots or units for each MPI project which may be issued by MPI from time to time, as well as such other policies, rules and regulations which may be prescribed by MPI; and together with said application letter, an original of this document duly concurred and signed by the broker. Notwithstanding complete submission of the foregoing requirements, a broker shall not be deemed authorized, as it is not allowed to market and sell lots or units in any MPI project without the express written approval by MPI of the broker s application for accreditation. 2. Properties Offered Brokers shall be advised of such projects/properties which they may offer for sale on a first come-first served basis in accordance with the relevant guidelines governing sale of lots or units for each project. The accreditation of a broker is not a blanket authority to sell any and all lots or units in all MPI projects. MPI reserves the right to restrict or limit the sale or selling activities to be conducted by a broker or brokers to selected MPI projects of which the broker shall be advised from time to time. 3. Price and Terms of Payment Prices and terms of payment applicable to the sale of lots or units in MPI projects shall be advised to accredited brokers from time to time. Prices and terms of payment are subject to change without prior notice. Brokers should contact MYSPACE PROPERTIES, INC. (MPI) from time to time to be updated of any new developments on the project and the lots or units therein, particularly changes in available inventory and prices, if any. 4. Basis of Allocation of Lots/Units The sale of the lots or units in MPI projects through accredited brokers shall be on a first come-first served basis. 4.1 Prior reservation of lots or units in MPI projects or registration of buyers will not be honored unless the reservation fee/deposit is paid by the buyer. For this purpose, if payment were to be made in the form of a check, only check(s) issued by the buyer shall be honored. Brokers checks shall not be honored. 4.2 Allocation of lots or units will be made on a first come-first served basis to be determined based on the time at which the buyer remits the reservation fee/deposit. Where two or more buyers/brokers are physically present at MPI s office premises located at #20 N. Domingo Street, Quezon City at the start of business hours, i.e., 8:00 a.m., for the purpose of remitting a payment for the same lot or unit priority will be determined by lots in which the name of the buyer who shall be entitled to the purchase of the lot or unit will be drawn by a senior personnel of MPI. The time of actual arrival of a buyer or broker at the MPI Head Office before the start of business hours shall not indicate priority. 5. Commission 5.1 Buyers shall be subject to prior approval of MPI. Thus, mere delivery of a buyer s check shall not automatically entitle the broker to a commission. 5.2 All accredited brokers are required to submit a Client Registration Form (CRF) before their clients are deemed registered with MPI. This CRF shall be in force and effect on the date the broker submits the CRF to MPI. The said agreement shall remain valid for a period of 30 days from the date of submission to MPI or from the date of the agreement whichever is earlier. In the event that a sale is claimed by two or more accredited brokers, MPI shall give the commission to the broker who can submit a valid CRF with the signature of the buyer. 5.3 Commission schemes shall vary for each project.
5 6. Broker s Duties and Responsibilities 6.1 Brokers should duly inform their respective prospective buyers of the terms and conditions of the sale, as contained in the relevant sales agreements for a particular MPI project, the covering Deed of Restrictions, or master deed for a particular MPI project and other policies that may be relevant to the purchase of the lots or units in a MPI project. In this connection, the broker shall be responsible for obtaining updates and other information from MPI as well as new developments on the projects and lots or units therein, particularly changes in available inventory and prices, if any. 6.2 Submission to MPI of all pertinent information on the buyer and documents required to effect the sale and registration thereof shall be the responsibility of the broker. 6.3 All taxes accruing on the receipt by an accredited broker of the commission which may be due to said broker shall be for the broker s account. The broker authorizes MPI to withhold the corresponding creditable withholding tax due on the commission and to remit the same to the Bureau of Internal Revenue or its successor agency. 6.4 It shall be the duty and responsibility of a broker to ensure that payments on the sale of lots or units facilitated by said broker are made on their actual due dates, including payment of VAT, transfer tax, registration expenses, documentary stamp tax and other related fees and expenses on the sale and registration thereof, as well as association dues, interest & penalties, real property tax and other related fees and expenses. 7. Advertisements A broker may not advertise or publish in magazines, newspaper, radio, television or any form of media any information regarding MPI projects or the sale of lots or units therein without the prior written approval of MPI. All expenses for advertisement, when approved by MPI, shall be for the sole account of the broker. 8. Prohibited Solicitation Brokers are strictly prohibited from soliciting business from direct clients of MPI. 9. General Provisions 9.1 Any violation of the above terms will be a ground for MPI to automatically cancel the accreditation of the broker. 9.2 MPI reserves the right to cancel at any time the accreditation of a broker or any other authorization granted thereto by giving prior written notice of such withdrawal. 9.3 Pursuant to item 5.1 above, MPI reserves the right to refuse to sell lot/s or unit/s to a buyer who is referred by a broker for any reason whatsoever. 9.4 Each broker shall hold MPI free and harmless from any action or claim which may be brought by any person or entity against MPI if such action or claim is due to, caused by or arises out of an act, the misrepresentation, fault or negligence of the broker. 9.5 Any of the foregoing terms and conditions may be subject to change by MPI of which changes the broker shall be notified, and shall be deemed to be bound thereby. I/We hereby accept and agree to be bound by and observe the foregoing terms and conditions in case I/we am/are accredited as broker of MPI. CONFORME: Signature over Printed Name/Date Mere concurrence and execution by the broker does not effect accreditation unless otherwise approved by the undersigned. ENDORSED BY : APPROVED BY: BERNADETTE T. ABELLA Sales Director, Brokers Network MA. GILDA G. ALCANTARA VP- Head of Sales
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