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1. Parties: Identification of the Licensed Real Estate Broker and the Real Estate Salesperson, including their respective license numbers and contact information
2. Background: Context of the agreement, establishing the broker's business and salesperson's qualifications
3. Definitions: Key terms used throughout the agreement including 'Commission', 'Property', 'Client', 'Transaction', etc.
4. Appointment and Scope: Formal appointment of salesperson and definition of authorized activities under RESA
5. Term and Renewal: Duration of the agreement and conditions for renewal
6. Duties and Responsibilities of Salesperson: Detailed obligations including compliance with RESA, professional conduct, reporting requirements
7. Duties and Responsibilities of Broker: Broker's obligations including supervision, support, and training
8. Commission Structure: Basic commission rates, calculation methods, and payment terms
9. Independent Contractor Status: Clear statement of relationship status and tax implications
10. Compliance Requirements: Obligations regarding licenses, permits, and regulatory compliance
11. Confidentiality: Protection of confidential information and trade secrets
12. Termination: Grounds for termination, notice requirements, and post-termination obligations
13. Dispute Resolution: Process for resolving disagreements, including jurisdiction and venue
14. General Provisions: Standard clauses including entire agreement, amendments, and governing law
1. Exclusive Territory: Used when the salesperson is assigned specific geographic areas or market segments
2. Performance Targets: Include when specific sales goals or metrics are part of the agreement
3. Training Requirements: When specific ongoing training or certification requirements are mandatory
4. Marketing and Advertising: Include when defining specific rules about personal branding and marketing activities
5. Non-Compete Clause: Used when restricting post-termination competition is necessary and legally permissible
6. Insurance Requirements: When specific insurance coverage is required for the salesperson
7. Team Structure: Include when the salesperson will be working with or leading a team
8. Digital Platform Usage: When specific rules about use of broker's digital tools and platforms need to be defined
1. Schedule A - Commission Structure: Detailed breakdown of commission rates, splits, and bonus structures
2. Schedule B - Territory Definition: Detailed description of any exclusive territory boundaries and exceptions
3. Schedule C - Approved Marketing Materials: Templates and guidelines for marketing materials and branding
4. Schedule D - Required Documentation: List of required forms, reports, and documentation procedures
5. Schedule E - Technology Systems: List of provided technology tools and usage policies
6. Appendix 1 - RESA Compliance Checklist: Checklist of regulatory requirements and compliance procedures
7. Appendix 2 - Code of Ethics: Professional standards and ethical guidelines
8. Appendix 3 - Processing Procedures: Step-by-step procedures for handling transactions and documentation
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