The Real Estate Broker Agent Commission Split Agreement is essential for establishing clear financial terms between brokers and agents in the United States real estate industry. This document is typically implemented when a new agent joins a brokerage or when existing commission arrangements need modification. It addresses crucial elements such as commission percentages, payment schedules, and performance expectations while ensuring compliance with state-specific real estate regulations and federal requirements. The agreement helps prevent disputes and provides a clear framework for the business relationship.
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1. Parties: Identification of the broker and agent, including license numbers
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Commission Split Structure: Detailed breakdown of commission splits and calculations
5. Payment Terms: Timeline and method of commission payments
6. Term and Termination: Duration of agreement and termination conditions
7. Independent Contractor Status: Clarification of agent's employment status
1. Training and Support: Details of broker-provided training and support services when broker offers significant training programs
2. Marketing Requirements: Specific marketing obligations and standards when specific marketing requirements exist
3. Technology Usage: Terms for using broker-provided technology when broker provides specific technology tools
4. Non-Compete Clause: Restrictions on competitive activities where permitted by state law and desired by broker
1. Commission Schedule: Detailed breakdown of commission split percentages and scenarios
2. Office Policy Manual: Reference to broker's standard operating procedures
3. Technology Agreement: Terms of use for specific technology platforms
4. Marketing Guidelines: Specific requirements for branding and marketing
Relevant legal definitions
Clauses
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Relevant Teams
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