Real Estate Employment Contract Template for Pakistan

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Key Requirements PROMPT example:

Real Estate Employment Contract

"I need a Real Estate Employment Contract for a Senior Property Consultant in Lahore who will manage a team of 5 agents and handle luxury properties, with a high commission structure and international client provisions, starting March 2025."

Document background
The Real Estate Employment Contract serves as a legally binding agreement between real estate companies or brokers and their employees in Pakistan. This document is essential when hiring real estate professionals, whether they are agents, consultants, or property managers. It encompasses crucial elements required by Pakistani labor laws and real estate regulations, including employment terms, commission structures, territorial rights, and compliance requirements. The contract is designed to protect both employer and employee interests while ensuring adherence to relevant federal and provincial legislation, including the Industrial and Commercial Employment Ordinance and Real Estate Regulatory Authority requirements. It's particularly important for establishing clear expectations regarding performance, compensation, and professional obligations in the real estate sector.
Suggested Sections

1. Parties: Identification of the employer (real estate company/broker) and employee (real estate agent), including complete legal names and addresses

2. Background: Context of the agreement, including the employer's business nature and intention to employ the agent

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

4. Appointment and Term: Official appointment, position title, and duration of employment (fixed-term or indefinite)

5. Duties and Responsibilities: Detailed description of the agent's roles, responsibilities, and performance expectations

6. Licensing Requirements: Requirements for maintaining necessary real estate licenses and professional certifications

7. Compensation Structure: Details of salary, commission rates, bonus structures, and payment terms

8. Working Hours and Location: Expected working hours, flexibility, office presence requirements, and territory coverage

9. Compliance and Ethics: Compliance with real estate laws, ethical standards, and company policies

10. Confidentiality: Protection of company and client information, trade secrets, and database access

11. Non-Competition: Restrictions on competing activities during and after employment

12. Termination: Conditions and procedures for contract termination by either party

13. Governing Law: Specification of Pakistani law and relevant jurisdiction

14. Dispute Resolution: Process for resolving disputes between parties

Optional Sections

1. Training and Development: Details of provided training programs and professional development opportunities - include when employer offers specific training programs

2. Team Leadership: Responsibilities for team leadership and management - include for senior positions

3. International Operations: Provisions for handling international clients or properties - include if company has international operations

4. Vehicle and Equipment: Provisions regarding company vehicles or equipment - include if company provides these resources

5. Relocation Terms: Terms for potential relocation requirements - include if position may require relocation

6. Performance Targets: Specific sales targets and performance metrics - include if position has defined targets

7. Marketing Budget: Allocation and management of marketing resources - include if agent has marketing budget responsibility

Suggested Schedules

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

2. Schedule B - Territory Map: Geographical area designation for the agent's operations

3. Schedule C - Benefits Package: Details of insurance, retirement, and other benefits

4. Schedule D - Expense Policy: Guidelines for reimbursable expenses and claim procedures

5. Appendix 1 - Code of Conduct: Company's professional conduct guidelines and ethical standards

6. Appendix 2 - Marketing Guidelines: Approved marketing practices and brand usage guidelines

7. Appendix 3 - Required Documentation: List of required licenses, certifications, and compliance documents

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 legal definitions
Clauses
Relevant Industries

Real Estate

Property Development

Property Management

Commercial Real Estate

Residential Real Estate

Real Estate Investment

Property Consulting

Real Estate Marketing

Construction

Property Technology

Relevant Teams

Human Resources

Legal

Real Estate Operations

Property Management

Sales

Marketing

Business Development

Customer Relations

Compliance

Finance

Property Valuation

Relevant Roles

Real Estate Agent

Property Consultant

Real Estate Sales Executive

Property Manager

Real Estate Marketing Manager

Senior Real Estate Agent

Real Estate Team Leader

Property Valuation Expert

Real Estate Operations Manager

Commercial Property Specialist

Residential Sales Consultant

Real Estate Business Development Manager

Assistant Real Estate Agent

Real Estate Customer Relations Officer

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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