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Real Estate Employment Agreement
"I need a Real Estate Employment Agreement for a residential brokerage in California, hiring an experienced agent with a 70-30 commission split and specific requirements for luxury property sales starting March 2025."
1. Parties: Identification of the real estate brokerage/employer and the agent/employee
2. Background: Context of the employment relationship and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Employment: Duties, responsibilities, and expectations of the agent
5. Compensation Structure: Commission rates, splits, and any base salary arrangements
6. Term and Termination: Duration of agreement and conditions for termination
7. Compliance Requirements: Licensing, continuing education, and regulatory compliance obligations
1. Non-Compete Clause: Restrictions on post-employment competition (include only in states where enforceable)
2. Benefits Package: Health insurance, retirement plans, and other benefits (include when offering additional benefits beyond commission)
3. Technology Usage: Rules regarding use of brokerage technology and systems (include when providing specific technology platforms)
4. Team Arrangements: Terms for working within or leading a team (include when agent will be part of team structure)
1. Commission Schedule: Detailed breakdown of commission structures and splits
2. Office Policies Manual: Reference to or incorporation of brokerage policies and procedures
3. Benefits Summary: Detailed description of any benefits provided
4. Required State Disclosures: State-specific required forms and disclosures
5. Technology Agreement: Terms of use for brokerage technology systems
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