Real Estate Sales Employment Contract

By | February 2, 2015

A real estate sales employment contract is an agreement between a real estate broker and a sales representative with regards to the sale, lease or purchase of a real estate property.

This contract is between ………………….  (name of the real estate broker) and ……………. (name of the sales representative) and is effective from …………….. (date).

Address of the real estate broker :………………………….

Contact Number of the real estate broker:……………………………

Address of the sales representative:………………………..

Contact Number of the sales representative:……………………..

Recitals

  1. The broker is a ___________________ (registered or licensed) real estate broker doing business that involves ________________________ (areas) real estate.
  2. The sales representative is _______________ (registered or licensed or qualified) to deal with the public as such.

Obligations of the Broker

  • The broker agrees to make available all current listings presently existing among the sales representatives in the broker’s office. The broker further agrees to assist the sales representative.
  • The representative may share with other representatives the facilities that are in the possession of the broker.

Duties of the Sales Representative

  • The sales representative promises to work diligently to sell, lease, or rent any and all real estate listed with broker. The sales representative shall also solicit additional listings, customers and business for the broker.
  • The sales representative must conduct himself in a manner that will increase the good will and reputation of the broker.

Conditions of the compensation involved

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.

Termination

The relationship created by this agreement can be terminated by either the real estate broker or the sales representative with a …….. day(s) written notice.

In witness of both the parties involved in this agreement, this contract will be executed at ……………… (place of execution) on ……………… (date) as indicated.

The real estate broker and the sales representative have both read the contract and agree to all the terms and conditions cited in it.

………………………………

Signature of the Real Estate Broker and Date

………………………………

Signature of the Sales Representative and Date