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BROKER’S ACCREDITATION FORM
Photo
BASIC INFORMATION
Real Estate Company Name: ______________________________________________
Broker’s Name: ____________________________________________
License No. (REBL): __________________ Expiry Date: ________________ Birthday: _______________
Address:
_________________________________________________________________________________
Telephone Nos.: ___________________________ Fax No.:_______________ Mobile.:_______________
Email Address: ____________________________ Website: ____________________________________
Type of Broker/Company: [ ] Individual [ ] Single Proprietorship [ ] Corporation
TIN: ______________________
What/Where is your selling specialization:
Market or Property: [ ] Residential: [ ] Low
[ ] Middle [ ] High-end
[ ] Townhouse [ ] Duplex [ ] Single [ ] Condominiums
[ ] Commercial
[ ] Leisure / Club Shares
Area of Focus:
__________________________________________________________
REQUIREMENTS
Individual Licensed Brokers
1. Duly Accomplished Broker’s Accreditation Form with
2. Photocopy of any valid identification (Government Issued)
3. Individual Licensed Brokers: Broker’s License
4. Tax ID/ number
For broker’s with company/business name (Single Proprietor or Corporation), please include the
following:
5. DTI Cert. of Business Registration (for Single Proprietorship or SEC for Corporation)
6. BIR Certificate of Registration
7. Business Permit
I hereby certify that the above information is true and correct to the best of my knowledge.
_______________________________
Signature of Broker/Date
ALL REQUIRED DOCUMENTS CAN BE SUBMITTED TO:
JKY Group of Companies, Inc.
JKY Copy
Received by: _____________________________________________
Date Received: __________________________
Note: This form and all attached documents herewith should be forwarded to JKY Office.
Rm. 115 Tia Maria Bldg., C.V. Starr Ave., Pamplona, Las Piňas City .Tel. 576-7810
Email: marketing.jkygroup@gmail.com ; Website: www.jkygroup.com
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Revision No. :
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FO-MK-04
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11-15-2011
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Broker Accreditation Terms and Conditions
1.
2.
JKY Group of Companies, Inc.
(JKY) Accredited Brokers have the privilege of receiving commissions from JKY provided that the Broker facilitated the sale
of JKY properties from the time the buyer made the purchase proposal to the time the buyer signs a deed of sale with JKY.
3.
Brokers who wish to be accredited by JKY for the purpose of marketing and selling pre-owned properties must submit the
following requirements:
Individual Licensed Brokers
a. Duly Accomplished Broker’s Accreditation Form with
b. Photocopy of any valid identification (Government Issued)
c. Photocopy of TIN ID
d. Individual Licensed Brokers: Broker’s License
e. One (1) 2x2 Picture
For broker’s with company (Single Proprietor or Corporation), please include the following:
f.
DTI Cert. of Business Registration or SEC
g. BIR Certificate of Registration
h. Business Permit
4.
Notwithstanding the complete submission of the foregoing requirements, a broker shall not be deemed authorized to market
and sell JKY’s pre-owned properties without prior written approval by JKY of the broker’s application for accreditation.
5.
A broker who has fully complied with the requirements and has received a written notice of approval which is valid for a
period of one (1) year
JKY reserves the right to restrict or limit the sale or selling activities to be conducted by broker/s.
7.
Accredited brokers may renew his accreditation with JKY upon submission of updated copies of the aforementioned
requirements and such other documents as may be required by JKY. The renewal of the broker’s accreditation shall be
effective only upon the express written approval of JKY.
8.
Prices and terms of payment are subject to change without prior notice. Accredited brokers should contact JKY from time to
time to be regularly updated of new developments.
9.
Purchase proposals on properties offered for sale shall only be considered upon buyer submission of all necessary
documents and the payment of the deposit.
10. Broker’s commission shall be for the account of the JKY. It is based on the Selling Price regardless of the payment terms
and period.
Rate of Commission and Sample computation:
Rate of Commission:
o
Accredited licensed Broker - Individual w/o BIR COR
o
Brokers with company/business name
(Will issue Official Receipt)
- 5%
- 6%
11.The commission (net of withholding tax) shall be paid in lump sum upon payment of at least 30% of the selling price and
execution of required sale documents for cash sales, upon submission of a request for payment and upon approval of JKY.
However for in-house financing of less than 30% down payment pro-rata of 30% base down payment shall be applied.
Commissions rate are subject to evaluation every year.
Sample Computation:
Given:
TCP (116 %) P 1,000,000.00 (Sales net of discount)
Commission rate (5 %)
TCP (116 %)
Less 16% Processing -
P1,000,000.00
160,000.00
--------------------Commission Base (100 %) –
862,068.96 (House and Lot)
Commission Rate (5 % )
x 0.05
--------------------Gross Commission
P 43,103.45
Less: withholding tax (10 %)
4,310.34
-------------------Net commission for 5 % com. P 38,793.11
(to be released)
Rm. 115 Tia Maria Bldg., C.V. Starr Ave., Pamplona, Las Piňas City .Tel. 576-7810
Email: marketing.jkygroup@gmail.com ; Website: www.jkygroup.com
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FO-MK-04
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12. The following are not entitled to commissions:




Officers and rank & file employees of JEIKA PROPERTIES CORP.
Members of the approving committee for the transaction
Members of the JKY Board of Directors
Referrors/agents/brokers of former owners/present occupants of the property subject to sale including
spouse and relatives within the 1st degree of consanguinity or affinity
13 JKY shall recognize the accredited broker whose name is in the duly accomplished PURCHASE APPLILCATION FORM duly
signed by the Buyer, Broker or Broker’s representative and JKY representative.
14 In the event the sale is claimed by two or more accredited brokers, the commission subject for approval of release shall be
given to the broker who:

Is properly acknowledge in writing by the buyer in the Purchase Application Form

Has delivered the duly executed documents covering the sale

Has complied with the conditions of sale and delivered payment

Has submitted a quitclaim from other broker/referrors of the property, who has first registered the client
with JKY.
15 Commissions shall be released upon submission of a request for the payment of commission and upon presentation of his
broker’s license.
16 Brokers should duly inform their prospective buyers of the terms and conditions of the sale. Furthermore, brokers shall be
responsible for obtaining updates and other information from JKY, particularly on procedures, guidelines, property nuances
and dues.
17 All taxes accruing on the receipt by an accredited broker which may be due, as mandated by the Philippine Government
shall be for the broker’s account. The brokers authorized JKY to withhold the necessary creditable withholding taxes due on
the commission and remit the same to the Bureau of Internal Revenue.
18 Accreditation by JKY is a privilege granted by JKY which can be withdrawn or revoked by JKY at any time at the sole
discretion of JKY.
19 Accredited brokers are its own discretion in advertising in various media such as newspapers, internet, radio, television, and
others. But all expenses incurred in the advertisement of the properties shall be for the sole account of the broker.
20 Any violation of the guidelines written herein and updated guidelines governing sales of unit which may be mandated by JKY
from time to time, or behavior deemed detrimental to the corporate image of JKY shall be grounds for the termination of the
broker including the forfeiture of commissions in favor of JKY, without prejudice to the right of JKY to pursue other remedies
to which it may be entitled to under Philippine laws.
21 JKY reserves the right to refuse to sell any JKY’s unit to the buyer who is referred by an accredited broker for any reason
whatsoever.
22 Each accredited broker shall hold JKY free and harmless from any action or claim which be brought by any person or entity
against JKY if the suit is caused by an act of misrepresentation, fault or negligence of the broker.
23 Any of the foregoing terms and conditions may be amended by JKY, of which accredited brokers will be notified and shall be
deemed to be bound hereby.
Rm. 115 Tia Maria Bldg., C.V. Starr Ave., Pamplona, Las Piňas City .Tel. 576-7810
Email: marketing.jkygroup@gmail.com ; Website: www.jkygroup.com
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Revision No. :
Date
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FO-MK-04
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11-15-2011
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POLICIES FOR JKY ACTIVITIES
A.
Site Manning
The first 60 calendar days of site manning will be equally divided among the Accredited Brokers. Manning schedule for the first
60 calendar days will be given by JKY.
Subsequent manning schedules will be done on a monthly basis and will be based on production of the previous manning
period. Production shall mean total reservations with complete initial requirements.
The Accredited Broker is encouraged to hold a mini-open house on weekend with a date provided by JKY.
If a scheduled JKY grand open house falls on the same Sunday of the planned broker’s open house, that Sunday will be
forfeited and will no longer be exclusive for that broker.
During an assigned manning period, the Accredited Broker may put up their own streamers but will have to dismantle same at
the end of the manning of the period. Other brokers are not allowed to distribute leaflets within 50 meters from the site. Other
Brokers may assigned one watcher/representative each to entertain their respective walk-in clients.
Manning period shall be 7 am to 7pm. Manning broker may extend as necessary.
B.
Open House and other site activities
Selling Agents are required to bring guests to the open house.
Allocation of walk-in clients shall be as follows:
i.
For open houses held within the first 60 calendar days from project launch: walk-in clients will be equally
allocated to each accredited broker on a turn-by-turn basis (Priority will be given to first 20 brokers listed in the
registration form during the activity).
ii.
For open houses held after the first 60 calendar days from project launch allocation of walk-in clients will be
distributed based on the pro-rated production since the previous open house. Production shall mean reservations
with complete initial requirements.
C.
Broker’s Activities
Exhibits and Satellite Offices
Brokers will not be allowed to hold exhibits in the same location where JKY exhibits are ongoing.
Brokers should exclusively market JKY projects in their own exhibits that are located in the immediate municipality of the JKY
project.
Brokers may open Satellite offices for the JKY project they are accredited for. These offices must not be within 100 meters
from the project site. They should register the locations of their Satellite offices with JKY. Brokers are not allowed carry or
offer other projects in their satellite offices.
Client’s registration form is controlled and is only available in the project site. The client’s registration form is only a tool for
brokers/agents to monitor their prospective buyer/s for a particular project of the company. In cases where a particular buyer
was registered by more than one broker/agent, the credit of sale shall be given to broker/agent who can bring the full
reservation sale of their prospective buyer/s in the office.
D.
Allocation of Flyers
Fliers will be equally distributed to all Accredited Brokers during the first 60 calendar days after project launch.
Allocation of fliers after the first 60 calendar days after project launch shall be based on production of the previous 30 ca lendar
day period. Production shall mean total reservations with complete initial requirements.
Riso flyers are not allowed except for announcement purposes only and must be attached to an official project flyer. Size of
the riso announcement shall be 4 ¼ x 5.5 inches.
I have read and accept the terms and conditions herein and agree to be bound by and observe the foregoing terms and conditions in case
I/We/am/ are accredited as broker of JKY.
CONFORME:
_____________________________________
Signature and Date over Printed Name
Broker’s Copy
Received by:
_________________________________
Date Received: ________________
Note: This slip should be given to the broker upon receipt of the above documents.
Rm. 115 Tia Maria Bldg., C.V. Starr Ave., Pamplona, Las Piňas City .Tel. 576-7810
Email: marketing.jkygroup@gmail.com ; Website: www.jkygroup.com
Doc. No.
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Revision No. :
Date
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(Broker’s Copy)
FO-MK-04
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11-15-2011
5
Broker Accreditation Terms and Conditions
1.
2.
JKY Group of Companies, Inc.
(JKY) Accredited Brokers have the privilege of receiving commissions from JKY provided that the Broker facilitated the sale
of JKY properties from the time the buyer made the purchase proposal to the time the buyer signs a deed of sale with JKY.
3.
Brokers who wish to be accredited by JKY for the purpose of marketing and selling pre-owned properties must submit the
following requirements:
Individual Licensed Brokers
i.
Duly Accomplished Broker’s Accreditation Form with
j.
Photocopy of any valid identification (Government Issued)
k. Photocopy of TIN ID
l.
Individual Licensed Brokers: Broker’s License
m. One (1) 2x2 Picture
For broker’s with company (Single Proprietor or Corporation), please include the following:
n. DTI Cert. of Business Registration or SEC
o. BIR Certificate of Registration
p. Business Permit
4.
Notwithstanding the complete submission of the foregoing requirements, a broker shall not be deemed authorized to market
and sell JKY’s pre-owned properties without prior written approval by JKY of the broker’s application for accreditation.
5.
A broker who has fully complied with the requirements and has received a written notice of approval which is valid for a
period of one (1) year
JKY reserves the right to restrict or limit the sale or selling activities to be conducted by broker/s.
7.
Accredited brokers may renew his accreditation with JKY upon submission of updated copies of the aforementioned
requirements and such other documents as may be required by JKY. The renewal of the broker’s accreditation shall be
effective only upon the express written approval of JKY.
8.
Prices and terms of payment are subject to change without prior notice. Accredited brokers should contact JKY from time to
time to be regularly updated of new developments.
9.
Purchase proposals on properties offered for sale shall only be considered upon buyer submission of all necessary
documents and the payment of the deposit.
10. Broker’s commission shall be for the account of the JKY. It is based on the Selling Price regardless of the payment terms
and period.
Rate of Commission and Sample computation:
Rate of Commission:
o
Accredited licensed Broker - Individual w/o BIR COR
o
Brokers with company/business name
(Will issue Official Receipt)
- 5%
- 6%
11.The commission (net of withholding tax) shall be paid in lump sum upon payment of at least 30% of the selling price and
execution of required sale documents for cash sales, upon submission of a request for payment and upon approval of JKY.
However for in-house financing of less than 30% down payment pro-rata of 30% base down payment shall be applied.
Commissions rate are subject to evaluation every year.
Sample Computation:
Given:
TCP (116 %) P 1,000,000.00 (Sales net of discount)
Commission rate (5 %)
TCP (116 %)
Less 16% Processing -
P1,000,000.00
160,000.00
--------------------Commission Base (100 %) –
862,068.96 (House and Lot)
Commission Rate (5 % )
x 0.05
--------------------Gross Commission
P 43,103.45
Less: withholding tax (10 %)
4,310.34
-------------------Net commission for 5 % com. P 38,793.11
(to be released)
Rm. 115 Tia Maria Bldg., C.V. Starr Ave., Pamplona, Las Piňas City .Tel. 576-7810
Email: marketing.jkygroup@gmail.com ; Website: www.jkygroup.com
Doc. No.
:
Revision No. :
Date
:
Page
:
FO-MK-04
0
11-15-2011
6
12. The following are not entitled to commissions:




Officers and rank & file employees of JEIKA PROPERTIES CORP.
Members of the approving committee for the transaction
Members of the JKY Board of Directors
Referrors/agents/brokers of former owners/present occupants of the property subject to sale including
spouse and relatives within the 1st degree of consanguinity or affinity
13 JKY shall recognize the accredited broker whose name is in the duly accomplished PURCHASE APPLILCATION FORM duly
signed by the Buyer, Broker or Broker’s representative and JKY representative.
14 In the event the sale is claimed by two or more accredited brokers, the commission subject for approval of release shall be
given to the broker who:

Is properly acknowledge in writing by the buyer in the Purchase Application Form

Has delivered the duly executed documents covering the sale

Has complied with the conditions of sale and delivered payment

Has submitted a quitclaim from other broker/referrors of the property, who has first registered the client
with JKY.
15 Commissions shall be released upon submission of a request for the payment of commission and upon presentation of his
broker’s license.
16 Brokers should duly inform their prospective buyers of the terms and conditions of the sale. Furthermore, brokers shall be
responsible for obtaining updates and other information from JKY, particularly on procedures, guidelines, property nuances
and dues.
17 All taxes accruing on the receipt by an accredited broker which may be due, as mandated by the Philippine Government
shall be for the broker’s account. The brokers authorized JKY to withhold the necessary creditable withholding taxes due on
the commission and remit the same to the Bureau of Internal Revenue.
18 Accreditation by JKY is a privilege granted by JKY which can be withdrawn or revoked by JKY at any time at the sole
discretion of JKY.
19 Accredited brokers are its own discretion in advertising in various media such as newspapers, internet, radio, television, and
others. But all expenses incurred in the advertisement of the properties shall be for the sole account of the broker.
20 Any violation of the guidelines written herein and updated guidelines governing sales of unit which may be mandated by JKY
from time to time, or behavior deemed detrimental to the corporate image of JKY shall be grounds for the termination of the
broker including the forfeiture of commissions in favor of JKY, without prejudice to the right of JKY to pursue other remedies
to which it may be entitled to under Philippine laws.
21 JKY reserves the right to refuse to sell any JKY’s unit to the buyer who is referred by an accredited broker for any reason
whatsoever.
22 Each accredited broker shall hold JKY free and harmless from any action or claim which be brought by any person or entity
against JKY if the suit is caused by an act of misrepresentation, fault or negligence of the broker.
23 Any of the foregoing terms and conditions may be amended by JKY, of which accredited brokers will be notified and shall be
deemed to be bound hereby.
Rm. 115 Tia Maria Bldg., C.V. Starr Ave., Pamplona, Las Piňas City .Tel. 576-7810
Email: marketing.jkygroup@gmail.com ; Website: www.jkygroup.com
Doc. No.
:
Revision No. :
Date
:
Page
:
FO-MK-04
0
11-15-2011
7
POLICIES FOR JKY ACTIVITIES
A.
Site Manning
The first 60 calendar days of site manning will be equally divided among the Accredited Brokers. Manning schedule for the fir st
60 calendar days will be given by JKY.
Subsequent manning schedules will be done on a monthly basis and will be based on production of the previous manning
period. Production shall mean total reservations with complete initial requirements.
The Accredited Broker is encouraged to hold a mini-open house on weekend with a date provided by JKY.
If a scheduled JKY grand open house falls on the same Sunday of the planned broker’s open house, that Sunday will be
forfeited and will no longer be exclusive for that broker.
During an assigned manning period, the Accredited Broker may put up their own streamers but will have to dismantle same at
the end of the manning of the period. Other brokers are not allowed to distribute leaflets within 50 meters from the site. Other
Brokers may assigned one watcher/representative each to entertain their respective walk-in clients.
Manning period shall be 7 am to 7pm. Manning broker may extend as necessary.
B.
Open House and other site activities
Selling Agents are required to bring guests to the open house.
Allocation of walk-in clients shall be as follows:
i.
For open houses held within the first 60 calendar days from project launch: walk-in clients will be equally
allocated to each accredited broker on a turn-by-turn basis (Priority will be given to first 20 brokers listed in the
registration form during the activity).
ii.
For open houses held after the first 60 calendar days from project launch allocation of walk-in clients will be
distributed based on the pro-rated production since the previous open house. Production shall mean reservations
with complete initial requirements.
C.
Broker’s Activities
Exhibits and Satellite Offices
Brokers will not be allowed to hold exhibits in the same location where JKY exhibits are ongoing.
Brokers should exclusively market JKY projects in their own exhibits that are located in the immediate municipality of the JKY
project.
Brokers may open Satellite offices for the JKY project they are accredited for. These offices must not be within 100 meters
from the project site. They should register the locations of their Satellite offices with JKY. Brokers are not allowed carry or
offer other projects in their satellite offices.
Client’s registration form is controlled and is only available in the project site. The client’s registration form is only a tool for
brokers/agents to monitor their prospective buyer/s for a particular project of the company. In cases where a particular buyer
was registered by more than one broker/agent, the credit of sale shall be given to broker/agent who can bring the full
reservation sale of their prospective buyer/s in the office.
D.
Allocation of Flyers
Fliers will be equally distributed to all Accredited Brokers during the first 60 calendar days after project launch.
Allocation of fliers after the first 60 calendar days after project launch shall be based on production of the previous 30 calendar
day period. Production shall mean total reservations with complete initial requirements.
Riso flyers are not allowed except for announcement purposes only and must be attached to an official project flyer. Size of
the riso announcement shall be 4 ¼ x 5.5 inches.
I have read and accept the terms and conditions herein and agree to be bound by and observe the foregoing terms and conditions in case
I/We/am/ are accredited as broker of JKY.
CONFORME:
_____________________________________
Signature and Date over Printed Name
Broker’s Copy
Received by:
_________________________________
Date Received: ________________
Note: This slip should be given to the broker upon receipt of the above documents.
Rm. 115 Tia Maria Bldg., C.V. Starr Ave., Pamplona, Las Piňas City .Tel. 576-7810
Email: marketing.jkygroup@gmail.com ; Website: www.jkygroup.com