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1. Parties: Identifies the broker/brokerage firm and the agent, including their full legal names, business addresses, and licensing information
2. Background: Establishes the context of the agreement, including that the broker is duly licensed and the agent wishes to provide services under the broker's supervision
3. Definitions: Defines key terms used throughout the agreement, including 'Commission', 'Gross Sales Price', 'Transaction', and 'Closing'
4. Appointment and Scope: Defines the nature of the relationship and the geographic territory or market segment covered
5. Commission Structure: Details the commission splits, rates, and calculation methods
6. Payment Terms: Specifies when and how commissions will be paid, including any conditions precedent
7. Agent's Obligations: Lists the agent's duties, responsibilities, and compliance requirements
8. Broker's Obligations: Outlines the broker's commitments, support services, and responsibilities
9. Term and Termination: Specifies the duration of the agreement and conditions for termination
10. Confidentiality: Addresses the handling of confidential information and trade secrets
11. Non-Solicitation: Prevents the agent from soliciting broker's other agents or clients during and after the agreement
12. Dispute Resolution: Outlines the process for resolving disagreements
13. General Provisions: Contains standard clauses including governing law, amendments, and notices
1. Training and Support: Details specific training programs and support services provided by the broker, included when the broker offers extensive support systems
2. Marketing and Advertising: Specifies arrangements for marketing expenses and branded materials, used when there's a specific marketing arrangement
3. Team Structure: Defines relationships with team members and commission splits within teams, included when the agent operates with a team
4. Virtual Office Provisions: Addresses remote work arrangements and virtual office requirements, used for remote or hybrid work situations
5. Referral Program: Details any referral commission structures and processes, included when the broker has a formal referral program
6. International Transactions: Addresses commission structures for international deals, included for brokers handling international real estate
7. Equity Participation: Outlines any profit-sharing or equity arrangements, used when offering additional compensation structures
1. Schedule A - Commission Schedule: Detailed breakdown of commission rates, splits, and any sliding scales based on performance
2. Schedule B - Territory Definition: Specific description of geographic territory or market segment covered by the agreement
3. Schedule C - Support Services: Comprehensive list of services, tools, and resources provided by the broker
4. Schedule D - Required Insurance Coverage: Details of mandatory insurance coverage requirements
5. Appendix 1 - Commission Calculator: Examples and formulas for calculating commissions in various scenarios
6. Appendix 2 - Compliance Checklist: List of regulatory requirements and compliance obligations
7. Appendix 3 - Forms and Procedures: Standard forms and procedures for commission processing and dispute resolution
Real Estate
Commercial Property
Residential Property
Property Management
Property Development
Real Estate Investment
Mortgage Brokerage
Business Brokerage
Insurance Brokerage
Legal
Real Estate Operations
Sales
Compliance
Finance
Administration
Business Development
Transaction Processing
Risk Management
Human Resources
Real Estate Agent
Real Estate Broker
Broker of Record
Managing Broker
Sales Representative
Property Manager
Business Development Manager
Commission Administrator
Compliance Officer
Real Estate Operations Manager
Transaction Coordinator
Sales Director
Regional Sales Manager
Associate Broker
Senior Real Estate Agent
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