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Back to Forms for 'Real Estate (Brokers)'.


REAL ESTATE SALES EMPLOYMENT CONTRACT

REAL ESTATE SALES EMPLOYMENT CONTRACT

 

 
AGREEMENT FOR EMPLOYMENT
 
This agreement will be effective as of _____________ (date), between ____________ _______________, of __________________________________________________ ____________________________ (address) hereinafter referred to as broker, and ___________________________, of ______________________________________ ____________________ (address) hereinafter referred to as sales representative.

 
RECITALS
 
1. The broker is a ___________________ (registered or licensed) real estate broker doing business that involves ________________________ (areas of real estate) real estate.


2. The sales representative is _______________ (registered or licensed or qualified) to deal with the public as such.
 


The broker and sales representative do hereby agree as follows:
 
PART I.
OBLIGATIONS OF BROKER
 
1. The broker agrees to make available all current listings presently existing between and among the sales representatives in the brokers office.  The broker further agrees to assist the sales representative.
2. The representative may share with other representatives the facilities that are in the possession of the broker.


PART II.
DUTIES OF SALES REPRESENTATIVE
 
1. The sales representative promises to work diligently to sell, lease, or rent any and all real estate listed with broker.  The sales representative  must also solicit additional listings, customers and business for the broker.
 
2. The sales representative must conduct ____________ (himself or herself) in a manner that will increase the good will and reputation of the broker.


PART III.
COMPENSATION
 
The sales representative will receive ________________ (no salary or a minimum salary of ________________ ($__________) per month).  Commissions shall be paid to the sales representative as follows:
 
(a) _________ percent (______%) of commissions for the sale of real property.
 
(b) _________ percent (______%) of commissions for lease or the rental of property.
 
(c) _________ percent (______%) of commissions for the purchase of property.

 
PART IV.
WORKING HOURS
 
Sales representative has the authority to set __________ (his or her) own work schedule unless the broker has a particular need to assign a certain duty.


PART V.
UNAUTHORIZED USE OF INFORMATION
 
The sales representative may not discuss any unauthorized corporate information. Following the termination of this agreement, the sales representative shall not use any such information to __________ (his or her) own advantage.

 
PART VI.
TERMINATION
 
The relationship created by this agreement can be terminated by either party with a __________ (___) day(s) written notice.
 
PART VII.
GOVERNING LAW
 
It is agreed that this agreement shall be governed by the laws of the State of __________.
 
PART VIII.
ARBITRATION OF DISPUTES
 
All disputes regarding the rights and obligations of either party are subject to arbitration.  Either party may make a demand for arbitration by filing such a demand to the other party within __________ (__) days after the dispute arises.  Arbitration will then be conducted according to the agreement and the laws of the state of __________.
 

PART IX.
NOTICES
 
Any notice provided for or concerning this agreement shall be in writing and sent by certified or registered mail to the respective address of each party.
 
In witness whereof, both parties of this agreement have caused it to be executed at _____________________________ (place of execution) on ______________ (date) as indicated.
 

_________________________                    _____________________

Signature                                                        Date

 

_________________________                    _____________________

Signature                                                        Date

 

 



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