REAL ESTATE SALES EMPLOYMENT CONTRACT
AGREEMENT FOR EMPLOYMENT
This agreement will be effective as of (date), between and
, of (address) hereinafter referred to as broker,
, of (address) hereinafter referred to as sales representative.
RECITALS
1. The broker is a real estate) real estate.
(registered or licensed) real estate broker doing business that involves (areas of
2. The sales representative is (registered or licensed or qualified) to deal with the public as such.
The broker and sales representative do hereby agree as follows:
PART I. OBLIGATIONS OF BROKER
1. The broker agrees to make available all current listings presently existing between and among the sales representatives in the brokers office. The broker further agrees to assist the sales representative. 2. The representative may share with other representatives the facilities that are in the possession of the broker.
PART II. DUTIES OF SALES REPRESENTATIVE
1. The sales representative promises to work diligently to sell, lease, or rent any and all real estate listed with broker. The sales representative must also solicit additional listings, customers and business for the broker.
2. The sales representative must conduct himself [herself] in a manner that will increase the good will and reputation of the broker.
PART III.
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COMPENSATION
The sales representative will receive
(no salary or a minimum salary of
($
) per month).
Commissions shall be paid to the sales representative as follows:
(a)
percent (
%) of commissions for the sale of real property.
(b)
percent (
%) of commissions for lease or the rental of property.
(c)
percent (
%) of commissions for the purchase of property.
PART IV. WORKING HOURS
Sales representative has the authority to set his [her] own work schedule unless the broker has a particular need to assign a certain duty.
PART V. UNAUTHORIZED USE OF INFORMATION
The sales representative may not discuss any unauthorized corporate information. Following the termination of this agreement, the sales representative shall not use any such information to his [her] own advantage.
PART VI. TERMINATION
The relationship created by this agreement can be terminated by either party with a written notice.
(
) day(s)
PART VII. GOVERNING LAW
It is agreed that this agreement shall be governed by the laws of the State of
.
PART VIII. ARBITRATION OF DISPUTES
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All disputes regarding the rights and obligations of either party are subject to arbitration. Either party may make a demand for arbitration by filing such a demand to the other party within ( ) days after
the dispute arises. Arbitration will then be conducted according to the agreement and the laws of the state of .
PART IX. NOTICES
Any notice provided for or concerning this agreement shall be in writing and sent by certified or registered mail to the respective address of each party.
In witness whereof, both parties of this agreement have caused it to be executed at (place of execution) on (date) as indicated.
Signature
Date
Signature
Date
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