Independent Contractor Agreement Real Estate Salesperson Template for Malaysia

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Key Requirements PROMPT example:

Independent Contractor Agreement Real Estate Salesperson

"I need a standard Independent Contractor Agreement Real Estate Salesperson for a new property salesperson joining my agency in Kuala Lumpur, with basic commission structure and standard non-compete terms."

Document background
The Independent Contractor Agreement Real Estate Salesperson is a crucial document used by Malaysian real estate agencies to establish formal relationships with their salespersons. This agreement is essential for compliance with Malaysian regulations, particularly the Valuers, Appraisers, Estate Agents and Property Managers Act 1981, while clearly defining the independent contractor status of the salesperson. It covers key aspects including commission structures, professional obligations, compliance requirements, and operational procedures, providing protection for both the agency and the salesperson. The document is specifically tailored to address unique aspects of Malaysian real estate practice and regulatory requirements, making it suitable for use across various property sectors within Malaysia.
Suggested Sections

1. Parties: Identification of the real estate agency and the independent contractor salesperson

2. Background: Context of the agreement and confirmation of salesperson's qualifications and registrations

3. Definitions: Key terms used throughout the agreement including 'Commission', 'Property', 'Services', 'Clients'

4. Independent Contractor Status: Clear statement of independent contractor relationship and distinction from employment

5. Scope of Services: Detailed description of real estate services to be provided

6. Compliance with Laws: Obligation to comply with Malaysian real estate laws and regulations

7. Commission Structure: Details of commission rates, calculation methods, and payment terms

8. Duties and Responsibilities: Specific obligations of the salesperson including client service, reporting, and professional conduct

9. Term and Termination: Duration of agreement and circumstances for termination

10. Confidentiality: Protection of agency and client confidential information

11. Non-Solicitation: Restrictions on soliciting agency's clients or other salespersons

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

13. Dispute Resolution: Process for resolving disputes between parties

14. General Provisions: Standard legal provisions including governing law, notices, and amendments

Optional Sections

1. Non-Compete: Restrictions on competing activities - optional based on agency policy and local enforceability

2. Marketing and Branding: Guidelines for using agency's brand and marketing materials - needed if agency has specific requirements

3. Training Requirements: Mandatory training or professional development requirements - include if agency provides/requires specific training

4. Office Space and Support: Terms for use of office facilities and support services - include if agency provides these

5. Team Arrangements: Rules for forming or joining real estate teams - include if agency allows team structures

6. International Transactions: Special provisions for international real estate transactions - include if agency deals internationally

Suggested Schedules

1. Schedule A - Commission Structure: Detailed breakdown of commission rates for different types of transactions

2. Schedule B - Approved Marketing Materials: List of pre-approved marketing templates and materials

3. Schedule C - Required Insurance Coverage: Specific insurance types and coverage amounts required

4. Schedule D - Office Facilities and Services: List of available office facilities and support services

5. Schedule E - Compliance Checklist: Checklist of regulatory requirements and necessary registrations

6. Appendix 1 - Code of Ethics: Agency's code of ethics and professional conduct standards

7. Appendix 2 - Required Forms: Standard forms and documents required for transactions

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

Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Industrial Property

Retail Property

Property Management

Real Estate Investment

Property Consultancy

Relevant Teams

Legal

Compliance

Human Resources

Operations

Sales

Property Management

Marketing

Administration

Finance

Risk Management

Relevant Roles

Real Estate Agent

Property Salesperson

Real Estate Broker

Estate Agency Director

Property Consultant

Real Estate Marketing Manager

Compliance Officer

Legal Counsel

Human Resources Manager

Operations Manager

Industries
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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