Employment Contract For Real Estate Agent Template for Hong Kong

The Employment Contract For Real Estate Agent is a specialized agreement used when hiring licensed real estate agents in Hong Kong. It serves as a crucial document that establishes the employment relationship between real estate agencies and their agents, incorporating requirements from both Hong Kong's employment laws and the Estate Agents Ordinance. This contract is essential for any real estate agency operating in Hong Kong, as it covers unique aspects of the profession including commission structures, property transaction handling, client management protocols, and professional licensing requirements. The document ensures compliance with local regulations while protecting both employer and employee interests in the context of Hong Kong's sophisticated property market.

1. Parties: Identification of the employer (real estate agency) and employee (real estate agent), including their respective business and residential addresses

2. Background: Brief context of the employment relationship and confirmation of agent's licensing status

3. Definitions: Key terms used throughout the agreement including 'Commission', 'Property Transaction', 'Confidential Information', etc.

4. Appointment and Term: Nature of employment, commencement date, and term (fixed or continuous)

5. Duties and Responsibilities: Core duties as a real estate agent, compliance with Estate Agents Ordinance, and general employment obligations

6. Licensing Requirements: Obligation to maintain valid estate agent's license and related professional requirements

7. Compensation Structure: Base salary, commission rates, calculation methods, and payment terms

8. Working Hours and Location: Standard working hours, flexibility requirements, and primary office location

9. Leave Entitlements: Annual leave, sick leave, and other leave entitlements as per Employment Ordinance

10. Confidentiality: Protection of company, client, and property information

11. Restrictive Covenants: Non-compete and non-solicitation provisions

12. Termination: Notice periods, grounds for termination, and post-termination obligations

13. Company Policies: Compliance with company policies, procedures, and code of conduct

14. Governing Law: Confirmation of Hong Kong law as governing law