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Real Estate Agent Team Agreement
"I need a Real Estate Agent Team Agreement for a high-performing luxury property team of 6 agents in Sydney, with specific provisions for international client handling and a 70-30 commission split structure in favor of the team leader."
1. Parties: Identifies all parties to the agreement, including the team leader/principal agent and team members
2. Background: Outlines the context of the agreement, including the purpose of forming the team and general business objectives
3. Definitions: Defines key terms used throughout the agreement
4. Team Structure and Roles: Describes the organizational structure and defines specific roles and responsibilities of each team member
5. Commission Structure: Details the commission split arrangements and payment terms
6. Performance Standards: Establishes minimum performance requirements and productivity expectations
7. Marketing and Branding: Sets out requirements for team branding, marketing materials, and advertising standards
8. Confidentiality and Privacy: Outlines obligations regarding client information and team confidential information
9. Term and Termination: Specifies the duration of the agreement and conditions for termination
10. Dispute Resolution: Establishes procedures for resolving conflicts within the team
11. General Provisions: Includes standard legal provisions such as governing law, entire agreement, and amendments
1. Non-Compete Provisions: Restrictions on competitive activities during and after team membership - include when team members have access to significant client relationships
2. Training and Development: Specifics about training programs and professional development requirements - include for teams with junior members or structured development programs
3. Lead Distribution: Procedures for allocating and managing leads - include when the team has a centralized lead generation system
4. Team Support Staff: Provisions regarding shared administrative staff and cost allocation - include when the team employs support personnel
5. Technology and Systems: Requirements for use of specific software or systems - include when the team uses proprietary or mandatory technology platforms
6. Succession Planning: Procedures for transitioning clients and responsibilities - include for established teams with valuable client relationships
7. Insurance Requirements: Specific insurance coverage requirements - include when team members need additional coverage beyond standard agency policies
1. Schedule A - Commission Structure Details: Detailed breakdown of commission splits, bonuses, and other compensation arrangements
2. Schedule B - Team Member Information: Individual team member details, including license numbers and contact information
3. Schedule C - Territory Allocation: Specific geographic areas or market segments assigned to team members
4. Schedule D - Marketing Guidelines: Detailed marketing standards, including approved logos, templates, and brand guidelines
5. Schedule E - Performance Metrics: Specific performance targets and evaluation criteria
6. Appendix 1 - Required Forms and Templates: Standard forms and documents used by the team
7. Appendix 2 - Technology Systems and Access: List of required technology platforms and access protocols
Authors
Real Estate
Property Management
Property Development
Real Estate Investment
Professional Services
Sales and Marketing
Business Services
Consulting Services
Real Estate Sales
Property Management
Operations
Legal
Human Resources
Compliance
Marketing
Business Development
Administration
Real Estate Agent
Principal Agent
Sales Director
Business Development Manager
Property Manager
Sales Manager
Marketing Coordinator
Operations Manager
Compliance Officer
Legal Counsel
Human Resources Manager
Administrative Manager
Sales Support Coordinator
Transaction Coordinator
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