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Real Estate Independent Contractor Agreement
"I need a Real Estate Independent Contractor Agreement for my Vancouver-based brokerage to bring on a new luxury real estate agent, with a 70-30 commission split and specific provisions for international property sales, to commence January 15, 2025."
1. Parties: Identifies the brokerage and the independent contractor real estate professional
2. Background: Explains the context of the agreement, including the brokerage's business and contractor's qualifications
3. Definitions: Defines key terms used throughout the agreement
4. Independent Contractor Status: Clearly establishes the nature of the relationship and distinguishes it from employment
5. Licenses and Qualifications: Details required licenses, registrations, and ongoing educational requirements
6. Scope of Services: Outlines the real estate services the contractor is authorized to provide under the brokerage
7. Compensation Structure: Details commission splits, fee arrangements, and payment terms
8. Contractor's Obligations: Specifies responsibilities, compliance requirements, and professional standards
9. Brokerage's Obligations: Outlines the brokerage's commitments, support, and services provided
10. Compliance and Regulations: Addresses adherence to real estate laws, anti-money laundering requirements, and professional standards
11. Marketing and Branding: Guidelines for using brokerage brand and marketing materials
12. Confidentiality: Protects confidential information of the brokerage and clients
13. Insurance and Liability: Specifies required insurance coverage and allocation of liability
14. Term and Termination: Duration of agreement and conditions for termination
15. Post-Termination Obligations: Responsibilities and restrictions after agreement ends
16. General Provisions: Standard clauses including governing law, amendments, and notices
1. Team Operations: Used when contractor operates or joins a team within the brokerage
2. Multiple Office Locations: Included when contractor may operate from various brokerage offices
3. Specialized Services: Added for contractors offering additional services like property management or commercial real estate
4. Technology Systems: Details specific technology platforms and systems when brokerage provides proprietary tools
5. Training Program Participation: Included when brokerage offers optional training programs
6. Mentorship Arrangements: Used for new agents requiring or providing mentorship
7. International Real Estate: Added for contractors handling international transactions
8. Referral Network Participation: Included when contractor participates in specific referral programs
1. Schedule A - Commission Structure: Detailed breakdown of commission splits and bonus structures
2. Schedule B - Office Services and Facilities: List of brokerage-provided services, equipment, and facilities
3. Schedule C - Required Insurance Coverage: Specific insurance requirements and minimum coverage amounts
4. Schedule D - Technology and Systems Access: Details of provided technology tools and access credentials
5. Schedule E - Marketing Guidelines: Specific rules and standards for marketing and advertising
6. Appendix 1 - Compliance Checklist: Checklist of regulatory requirements and compliance procedures
7. Appendix 2 - Required Forms: Standard forms and documents used in real estate transactions
8. Appendix 3 - Office Policies: Brokerage's policies and procedures manual
Authors
Applicable Laws
Brokerage
Brokerage Policies
Commission
Confidential Information
Contractor
Effective Date
Gross Commission Income
Independent Contractor
Intellectual Property
License
Listing
Marketing Materials
MLS System
Net Commission
Office Facilities
Professional Services
Real Estate Board
Real Estate Council
Real Estate Services
Regulatory Body
Remuneration
Sale
Schedule
Split Commission
Technology Systems
Term
Territory
Trade Name
Transaction
Trust Account
Scope of Services
Licensing and Registration
Commission Structure
Payment Terms
Regulatory Compliance
Confidentiality
Non-Solicitation
Intellectual Property
Insurance Requirements
Indemnification
Term and Termination
Marketing and Advertising
Professional Standards
Office Resources
Record Keeping
Client Relations
Data Protection
Dispute Resolution
Force Majeure
Assignment
Amendments
Governing Law
Severability
Entire Agreement
Notice Requirements
Trust Accounts
Technology Use
Liability
Territory Rights
Training Requirements
Performance Standards
Integration
Survival
Warranties and Representations
Real Estate
Property Management
Commercial Real Estate
Residential Real Estate
Luxury Real Estate
Industrial Real Estate
Real Estate Development
Property Investment
Real Estate Services
Legal
Compliance
Operations
Real Estate Sales
Property Management
Commercial Real Estate
Residential Real Estate
Contract Administration
Risk Management
Human Resources
Professional Development
Real Estate Agent
Real Estate Broker
Managing Broker
Real Estate Sales Representative
Property Manager
Commercial Real Estate Agent
Luxury Real Estate Specialist
Real Estate Investment Specialist
Real Estate Compliance Officer
Real Estate Operations Manager
Brokerage Owner
Real Estate Legal Counsel
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