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Broker Salesperson Agreement
"I need a Broker Salesperson Agreement for a luxury real estate agency in Sydney, incorporating specific provisions for high-value property transactions and international client handling, with extra focus on confidentiality and brand protection."
1. Parties: Identification of the broker/brokerage firm and the salesperson, including their legal names, addresses, and licensing details
2. Background: Context of the agreement, including the broker's business nature and salesperson's qualifications
3. Definitions: Key terms used throughout the agreement including 'Commission', 'Territory', 'Listings', 'Closings', etc.
4. Appointment and Scope: Formal appointment of the salesperson and scope of authorized activities
5. License and Compliance: Requirements for maintaining necessary licenses and compliance with real estate laws
6. Duties and Responsibilities: Detailed obligations of both the salesperson and broker
7. Commission Structure: Basic commission rates, payment terms, and calculation methods
8. Independent Contractor Status: Clear definition of the business relationship and tax implications
9. Confidentiality and Non-Disclosure: Protection of confidential information and trade secrets
10. Marketing and Branding: Guidelines for use of broker's brand and marketing materials
11. Insurance and Liability: Insurance requirements and allocation of liability
12. Term and Termination: Duration of agreement and conditions for termination
13. Post-Termination Obligations: Obligations and restrictions after agreement ends
14. General Provisions: Standard clauses including governing law, amendments, and notices
1. Team Operations: Rules and structures for salespersons working in teams, used when salesperson leads or joins a team
2. Specialty Market Provisions: Specific terms for specialized markets (luxury, commercial, etc.), included when salesperson focuses on specific market segments
3. Training Requirements: Mandatory training programs and professional development, used when broker provides specific training programs
4. Transaction Coordinator Services: Terms for use of transaction coordinators, included when broker provides these services
5. International Business: Special provisions for international transactions, used when dealing with international clients
6. Virtual Office Provisions: Rules for remote work and virtual office arrangements, included for remote working arrangements
7. Mentorship Program: Terms for participation in mentorship programs, used for new agents or structured development programs
1. Schedule A - Commission Structure: Detailed breakdown of commission splits, bonuses, and incentive programs
2. Schedule B - Territory Definition: Specific geographical areas or market segments covered by the agreement
3. Schedule C - Approved Marketing Materials: Templates and guidelines for marketing materials and social media
4. Schedule D - Technology and Systems: List of provided technology tools and systems with usage guidelines
5. Schedule E - Compliance Procedures: Detailed procedures for regulatory compliance and transaction management
6. Appendix 1 - Required Forms: Standard forms and documents required for transactions
7. Appendix 2 - Office Policies: Detailed broker policies and procedures
8. Appendix 3 - Fee Schedule: Breakdown of any fees charged by broker for services or resources
Authors
Applicable Laws
Broker
Brokerage
Business Day
Commission
Commencement Date
Confidential Information
Customers
Effective Date
Gross Commission Income
Independent Contractor
Intellectual Property Rights
Listing
Listing Agreement
Marketing Materials
Multiple Listing Service
Net Commission
Operating Policies
Party/Parties
Real Estate License
Real Estate Services
Regulatory Authority
Sales
Salesperson
Service Area
Territory
Term
Transaction
Trust Account
Term
Independent Contractor Status
Licensing Requirements
Regulatory Compliance
Duties and Responsibilities
Commission
Payment Terms
Territory
Non-Competition
Confidentiality
Intellectual Property
Marketing and Branding
Insurance
Indemnification
Record Keeping
Trust Account
Training Requirements
Performance Standards
Technology Use
Data Protection
Client Relations
Termination
Post-Termination Obligations
Dispute Resolution
Governing Law
Assignment
Amendment
Notices
Severability
Entire Agreement
Force Majeure
Warranties and Representations
Real Estate
Property Management
Commercial Property
Residential Property
Luxury Real Estate
Industrial Property
Real Estate Investment
Property Development
Legal
Compliance
Sales
Operations
Human Resources
Risk Management
Business Development
Administration
Finance
Real Estate Agent
Property Consultant
Sales Representative
Broker
Managing Broker
Sales Manager
Compliance Officer
Real Estate Director
Property Sales Executive
Business Development Manager
Senior Real Estate Agent
Principal Real Estate Agent
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