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Real Estate Agent Independent Contractor Agreement
"I need a Real Estate Agent Independent Contractor Agreement for my Lahore-based brokerage that focuses on luxury properties, with a sophisticated commission structure including bonus incentives for high-value transactions and a strong non-compete clause for a minimum term of 2 years."
1. Parties: Identification of the real estate brokerage/company and the independent contractor agent
2. Background: Context of the agreement, including the brokerage's business and agent's qualifications
3. Definitions: Key terms used throughout the agreement including 'Commission', 'Property', 'Clients', 'Listings'
4. Independent Contractor Status: Clear establishment of the agent's status as an independent contractor, not an employee
5. Term and Termination: Duration of the agreement and conditions for termination by either party
6. Agent's Services and Responsibilities: Scope of services to be provided by the agent, including listing, showing properties, and client management
7. Brokerage's Obligations: Support, resources, and services provided by the brokerage to the agent
8. Commission Structure: Detailed breakdown of commission rates, splits, and payment terms
9. Licensing and Compliance: Requirements for maintaining real estate license and compliance with Pakistani real estate laws
10. Confidentiality and Non-Disclosure: Protection of confidential information and trade secrets
11. Marketing and Branding: Guidelines for using brokerage's brand and marketing materials
12. Dispute Resolution: Process for resolving disputes between parties
13. Governing Law: Specification of Pakistani law as governing law and jurisdiction
1. Non-Compete Clause: Restrictions on agent's ability to work with competing brokerages, optional based on market conditions and negotiation
2. Insurance Requirements: Specific insurance coverage requirements for the agent, if not covered by brokerage policy
3. Training and Development: Optional provisions for ongoing training and professional development
4. Property Management Services: Include if agent will be involved in property management activities
5. International Transactions: Special provisions for handling international real estate transactions
6. Team Structure: Include if agent will be working with or building a team under the brokerage
7. Technology and Tools: Specific provisions regarding use of brokerage's technology platforms and tools
1. Schedule A - Commission Structure: Detailed breakdown of commission rates, splits, and bonus structures
2. Schedule B - Approved Marketing Materials: Templates and guidelines for marketing materials and branding usage
3. Schedule C - Required Documentation: List of required forms and documentation for property transactions
4. Schedule D - Territory Assignment: Defined geographical area of operation, if applicable
5. Appendix 1 - Code of Conduct: Detailed professional conduct guidelines and ethical requirements
6. Appendix 2 - Compliance Checklist: Checklist of regulatory compliance requirements under Pakistani law
7. Appendix 3 - Technology Systems Guide: Guidelines for using brokerage's technology systems and platforms
Authors
Agent
Brokerage
Commission
Confidential Information
Effective Date
Gross Commission Income
Independent Contractor
Intellectual Property
Listing
Listing Agreement
Marketing Materials
MLS
Net Commission
Property
Real Estate Services
Revenue Share
Sales Commission
Service Area
Term
Territory
Transaction
Client
Buyer
Seller
Closing
Competing Business
Real Estate License
Regulatory Authority
Professional Standards
Brokerage Policies
Commission Split
Dual Agency
Earnest Money
Force Majeure
Marketing Territory
Referral Fee
Trade Secrets
Definitions
Independent Contractor Status
Services
Term
Termination
Commission
Payment Terms
Obligations
Compliance
Licensing
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Indemnification
Insurance
Marketing
Branding
Territory
Training
Record Keeping
Client Relations
Property Management
Dispute Resolution
Force Majeure
Assignment
Notices
Severability
Entire Agreement
Amendment
Governing Law
Jurisdiction
Representation and Warranties
Data Protection
Ethics and Professional Conduct
Real Estate
Property Development
Property Management
Professional Services
Construction
Housing
Commercial Property
Legal
Human Resources
Operations
Compliance
Sales
Property Management
Business Development
Administration
Finance
Marketing
Real Estate Agent
Property Broker
Real Estate Broker
Property Consultant
Real Estate Sales Associate
Property Manager
Real Estate Business Development Manager
Compliance Officer
Legal Counsel
Human Resources Manager
Operations Manager
Branch Manager
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