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Independent Contractor Agreement Real Estate Salesperson

Independent Contractor Agreement Real Estate Salesperson Template for United Arab Emirates

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Key Requirements PROMPT example:

Independent Contractor Agreement Real Estate Salesperson

"I need an Independent Contractor Agreement Real Estate Salesperson for our Dubai-based luxury property firm, focusing on high-end residential properties in Palm Jumeirah, with a 60/40 commission split and minimum quarterly sales targets of AED 10 million starting January 2025."

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Document background
The Independent Contractor Agreement Real Estate Salesperson is designed for use in the United Arab Emirates real estate market, where clear distinction between employees and independent contractors is crucial. This agreement is particularly relevant for real estate companies engaging sales professionals on a commission basis, ensuring compliance with UAE labor laws, RERA regulations, and relevant emirate-specific requirements. The document addresses key aspects including commission structures, professional standards, regulatory compliance, and territorial considerations specific to the UAE market. It is structured to protect both the company's interests and maintain the independent contractor's autonomy while ensuring alignment with UAE real estate practices and regulations. The agreement is suitable for both UAE mainland and free zone operations, incorporating necessary provisions for anti-money laundering compliance and professional licensing requirements.
Suggested Sections

1. Parties: Identification of the contracting parties - the real estate company and the independent contractor salesperson

2. Background: Context of the agreement, including the company's business and contractor's qualifications

3. Definitions: Key terms used throughout the agreement, including specific real estate terminology

4. Appointment and Status: Confirmation of independent contractor status and scope of appointment

5. Term and Termination: Duration of agreement and conditions for termination

6. Contractor Duties and Responsibilities: Specific responsibilities as a real estate salesperson, including compliance with UAE real estate laws

7. Compensation: Commission structure, payment terms, and conditions for earning commissions

8. Licensing and Compliance: Requirements for maintaining necessary UAE real estate licenses and regulatory compliance

9. Professional Standards: Expected standards of conduct and compliance with RERA regulations

10. Confidentiality: Protection of company and client confidential information

11. Non-Solicitation and Non-Competition: Restrictions on competing activities and client solicitation

12. Insurance and Liability: Insurance requirements and allocation of liability

13. Governing Law and Jurisdiction: Application of UAE law and jurisdiction for disputes

Optional Sections

1. Territory Assignment: Used when contractor is assigned specific geographic areas or developments

2. Marketing and Advertising: Include when specifying rules for personal marketing and use of company brand

3. Training Requirements: Added when company provides mandatory training programs

4. Team Collaboration: Used when contractor works with specific teams or splits commissions

5. Property Management Services: Include if contractor will handle property management duties

6. International Clients: Added when dealing with international real estate transactions

7. Technology and Systems: Used when specifying required use of company's technology platforms

Suggested Schedules

1. Schedule A - Commission Structure: Detailed breakdown of commission rates and payment terms

2. Schedule B - Approved Marketing Materials: Guidelines and templates for marketing materials

3. Schedule C - Territory Map: Defined geographic area of operation if applicable

4. Schedule D - Required Licenses and Certifications: List of required UAE real estate qualifications and deadlines

5. Schedule E - Company Policies: Key company policies and procedures

6. Appendix 1 - RERA Compliance Checklist: Checklist of regulatory requirements and compliance points

7. Appendix 2 - Required Insurance Coverage: Specific insurance requirements and minimum coverage amounts

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Company
Contractor
Commission
Confidential Information
Client
Territory
Services
RERA
DED
Property
Listing
Transaction
Intellectual Property
Professional License
Marketing Materials
Commission Period
Completion Date
Company Database
Company Policies
Effective Date
Initial Term
Lead
Performance Standards
Renewal Term
Sales Price
Termination Date
Working Hours
Broker Card
Client Database
Competition
Escrow Account
Marketing Territory
Property Registration
RERA Registration Number
Trade License
Clauses
Appointment
Term
Independent Contractor Status
Services
Commission
Payment Terms
Licensing Requirements
Regulatory Compliance
Professional Standards
Territory
Non-Competition
Non-Solicitation
Confidentiality
Intellectual Property
Insurance
Indemnification
Termination
Post-Termination Obligations
Assignment
Force Majeure
Notice
Entire Agreement
Governing Law
Dispute Resolution
Severability
Client Relations
Marketing Standards
Performance Requirements
Record Keeping
Property Management
Training
Amendments
Waiver
Relationship of Parties
Compliance with Laws
Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality Property

Mixed-Use Development

Property Management

Real Estate Investment

Relevant Teams

Legal

Human Resources

Sales

Operations

Compliance

Marketing

Business Development

Property Management

Client Relations

Administration

Relevant Roles

Real Estate Broker

Property Consultant

Real Estate Sales Executive

Property Sales Advisor

Real Estate Agent

Senior Property Consultant

Luxury Property Specialist

Commercial Real Estate Broker

Residential Sales Consultant

Real Estate Business Development Manager

Property Marketing Specialist

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Governs contracts and civil transactions in the UAE, including independent contractor relationships and general contractual obligations
UAE Federal Decree-Law No. 33 of 2021 (Labor Law): While not directly applicable to independent contractors, it's important for establishing clear distinction between employment and contractor status
RERA (Real Estate Regulatory Agency) Regulations: Dubai-specific regulations governing real estate broker activities, licensing requirements, and professional conduct
Dubai Law No. 85 of 2006: Regulates real estate brokers register in the Emirate of Dubai, including qualification requirements and professional standards
UAE Federal Law No. 20 of 2018: Anti-Money Laundering Law which includes specific provisions for real estate transactions and broker obligations
UAE Federal Law No. 15 of 2020 (Consumer Protection Law): Relevant for protecting client interests in real estate transactions and broker-client relationships
Department of Economic Development (DED) Regulations: Governs business licensing and commercial activities, including requirements for independent contractors
UAE Federal Law No. 2 of 2015 (Commercial Companies Law): Relevant for understanding business structure options and commercial relationship frameworks
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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