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The Real Estate Agent Independent Contractor Agreement is essential for real estate brokerages in Nigeria seeking to engage real estate agents as independent contractors rather than employees. This document is used when a brokerage wishes to expand its agent network while maintaining clear boundaries in the business relationship. It addresses crucial aspects such as commission structures, service expectations, regulatory compliance with Nigerian real estate laws, and professional standards. The agreement is particularly important in the Nigerian context where real estate practices must comply with specific local regulations, including the Estate Surveyors and Valuers Registration Act and Real Estate Regulatory Council requirements. It provides protection for both the brokerage and the agent by clearly defining roles, responsibilities, and financial arrangements while maintaining compliance with Nigerian employment and real estate laws.

1. Parties: Identifies the contracting parties - the real estate brokerage firm and the independent contractor agent

2. Background: Explains the context of the agreement, including the brokerage's business and the agent's desire to provide services as an independent contractor

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Status: Establishes the independent contractor relationship and explicitly disclaims any employer-employee relationship

5. Scope of Services: Details the real estate services the agent is authorized to perform on behalf of the brokerage

6. Compliance with Laws: Requires compliance with Nigerian real estate laws, regulations, and professional standards

7. Commission and Payment Terms: Details the commission structure, payment timing, and conditions for earning commissions

8. Agent's Obligations: Lists specific duties, responsibilities, and performance expectations of the agent

9. Brokerage's Obligations: Outlines the brokerage's responsibilities to the agent

10. Confidentiality: Protects confidential information of the brokerage and clients

11. Non-Compete and Non-Solicitation: Restricts competitive activities during and after the agreement

12. Insurance and Liability: Addresses professional liability insurance requirements and allocation of risk

13. Term and Termination: Specifies agreement duration and conditions for termination

14. Post-Termination Obligations: Outlines obligations and procedures following agreement termination

15. Governing Law and Dispute Resolution: Specifies Nigerian law as governing law and outlines dispute resolution procedures