iRealtee OS Glossary

Respicio & Co.

Respicio & Co. operates as a private legal practice serving individuals, businesses, and real estate service practitioners in the Philippines. The firm speciali...

Respicio & Co.

Respicio & Co. is a full-service law firm based in Bonifacio Global City, Taguig, Philippines, that provides specialized legal counsel on real estate commission disputes, contract enforcement, and regulatory compliance for property practitioners.

Core Mandate

Respicio & Co. operates as a private legal practice serving individuals, businesses, and real estate service practitioners in the Philippines. The firm specializes in:

  • Real estate and property law
  • Commercial and corporate law
  • Tax compliance and BIR matters
  • Labor law and employment disputes
  • Civil litigation and collection cases

Key Services

The firm provides legal services relevant to Philippine real estate professionals:

  • Commission Dispute Resolution: Advises licensed brokers on claiming unpaid commission under the Real Estate Service Act (R.A. 9646).
  • Contract Drafting and Review: Prepares brokerage agreements, contracts to sell, and deeds of sale.
  • Tax Advisory: Guides practitioners on withholding tax obligations, including the 10% to 15% expanded withholding tax (EWT) on broker commissions.
  • Regulatory Compliance: Ensures alignment with PRC licensing requirements and DHSUD regulations.

Relevance to Real Estate Practitioners

If you are a licensed real estate broker or salesperson in the Philippines, understanding your legal options for enforcing commission agreements is essential. Respicio & Co. provides guidance on:

  • Verifying your PRC license status before filing claims
  • Drafting demand letters for unpaid commissions
  • Filing cases in small claims court (up to PHP 400,000) or regular courts
  • Understanding the 10-year prescription period for contractual claims under the Civil Code

The firm emphasizes the importance of written brokerage contracts that clearly define commission rates, payment triggers (e.g., upon signing of the Deed of Absolute Sale), and the broker's role as the "procuring cause" of the transaction.

Jurisdiction

Respicio & Co. serves clients nationwide from its primary office:

  • Address: 10th Floor, One World Place, 32nd Street, Bonifacio Global City, Taguig, NCR, Philippines
  • Contact: +63 998 975 8791

Official Resources

References

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