How Much Is The Fee Of A Licensed Real Estate Broker In The Philippines?

In the Philippines, the fees charged by licensed real estate brokers can vary depending on factors such as the type of transaction, the value of the property involved, and the specific services provided. However, the following are typical fee structures:

  1. Commission Fees for Sale Transactions:
    • For sale transactions, licensed real estate brokers typically charge a commission based on the selling price of the property. The standard commission rate ranges from 3% to 5% of the total selling price. However, this rate can vary depending on the agreement between the broker and the client.
  2. Leasing or Rental Fees:
    • For leasing or rental transactions, real estate brokers may charge a commission based on the total value of the lease or rental contract. The standard commission rate for leasing transactions is usually equivalent to one month’s rent for residential properties and 5% to 10% of the total lease value for commercial properties.
  3. Consultation Fees:
    • Some real estate brokers may also offer consultation services for a fixed fee. These consultation fees can vary depending on the complexity of the transaction and the specific services provided. It’s common for brokers to charge an hourly rate or a flat fee for consultation services.
  4. Additional Fees:
    • In addition to commission or consultation fees, clients may also be responsible for reimbursing the broker for any expenses incurred during the transaction process, such as advertising costs, transportation expenses, and administrative fees.

It’s important for clients to discuss and negotiate the fees with their chosen real estate broker before entering into any agreement. Clients should also ensure that the broker is licensed by the Professional Regulation Commission (PRC), as this ensures that they have the necessary qualifications and expertise to conduct real estate transactions legally and ethically.

If you are looking for a licensed real estate broker in Tarlac and Clark Area please feel free to contact me:
Erwin Adams L. Ringor,REB,REA
Licensed Real Estate Broker
Licensed Real Estate Appraiser
Mobile: +639483135211 (whatsapp ready)
Tarlac Office: Ringor Real Estate, B63 L25 Cristo Rey, Capas, Tarlac, Philippines 2315
Manila Office: #17 Comet St., Pinagsama, Taguig City, Metro Manila, Philippines

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