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Real Estate Broker Employment Agreement
"I need a Real Estate Broker Employment Agreement for hiring a senior broker who will specialize in luxury residential properties in Cape Town, with a hybrid commission structure of 60% commission and 40% base salary, starting March 1, 2025."
1. Parties: Identification of the real estate agency (employer) and the broker (employee), including full legal names, registration numbers, and contact details
2. Background: Context of the agreement, including the agency's business nature and broker's qualifications
3. Definitions: Key terms used throughout the agreement, including industry-specific terminology
4. Appointment and Duration: Terms of the broker's appointment, whether fixed-term or permanent, and commencement date
5. Duties and Responsibilities: Detailed description of the broker's roles, including property marketing, client management, and compliance obligations
6. License and Compliance: Requirements for maintaining necessary real estate licenses and compliance with industry regulations
7. Remuneration: Base salary, commission structure, and payment terms
8. Working Hours and Location: Expected working hours, flexibility arrangements, and primary area of operation
9. Professional Standards: Required conduct, ethical standards, and compliance with industry codes
10. Confidentiality: Protection of company and client information
11. Non-Competition: Restrictions on competing activities during and after employment
12. Termination: Conditions and procedures for ending the employment relationship
13. General Provisions: Standard contractual clauses including governing law, notices, and amendments
1. Training and Development: Professional development requirements and support, optional for agencies providing structured training programs
2. Vehicle and Equipment: Terms regarding company-provided vehicles or equipment, included when the agency provides these resources
3. Team Leadership: Additional responsibilities for managing other agents, included for senior broker positions
4. International Operations: Special provisions for brokers handling international clients or properties
5. Performance Targets: Specific sales or performance metrics, included when the agency uses formal performance measurement systems
6. Remote Working: Provisions for remote work arrangements, included when applicable
7. Marketing Budget: Allocation and management of personal marketing resources, included when brokers have dedicated budgets
1. Schedule A - Commission Structure: Detailed breakdown of commission calculations, tiers, and special deal types
2. Schedule B - Assigned Territory: Geographical area or property types assigned to the broker
3. Schedule C - Performance Metrics: Specific targets and evaluation criteria
4. Schedule D - Company Policies: Reference to applicable internal policies and procedures
5. Schedule E - Benefits Package: Details of additional benefits, insurance, and allowances
6. Appendix 1 - Required Documentation: List of licenses, certifications, and compliance documents to be maintained
7. Appendix 2 - Marketing Guidelines: Agency's branding and marketing requirements
Authors
Agency
Broker
Commission
Confidential Information
Effective Date
Employment Period
Fidelity Fund Certificate
Gross Commission
Intellectual Property
Listed Property
Listing Agreement
Mandate
Net Commission
Normal Working Hours
Operating Territory
Performance Targets
Property
Property Practitioner
Property Transaction
Professional Services
Regulatory Authority
Remuneration
Sale Agreement
Successful Transaction
Term
Territory
Working Day
Term and Duration
Duties and Responsibilities
Licensing Requirements
Regulatory Compliance
Commission Structure
Base Salary
Performance Requirements
Working Hours
Territory Assignment
Client Management
Marketing and Advertising
Professional Standards
Training and Development
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Intellectual Property
Company Property
Vehicle Usage
Expenses and Reimbursement
Leave Entitlement
Insurance Requirements
Record Keeping
Reporting Obligations
Termination
Notice Period
Professional Indemnity
Dispute Resolution
Governing Law
Force Majeure
Assignment
Variation
Severability
Entire Agreement
Notices
Real Estate
Property Development
Property Management
Commercial Property
Residential Property
Professional Services
Employment Services
Legal Services
Property Investment
Human Resources
Legal
Compliance
Property Sales
Commercial Property
Residential Property
Operations
Administration
Business Development
Risk Management
Real Estate Broker
Property Practitioner
Estate Agent
Property Sales Consultant
Real Estate Sales Executive
Senior Property Broker
Principal Estate Agent
Property Sales Manager
Real Estate Branch Manager
Residential Property Consultant
Commercial Property Broker
Real Estate Team Leader
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