Free Real Estate Agent Agreement Template

Real Estate Agent Agreement

This Agent Agreement ("Agreement") is made on [Month Day, Year], by and between [Your Company Name], a real estate agency located at [Your Company Address] ("Agency"), and [Agent Name], a real estate agent with its residency located at [Agent Address] ("Agent"). This Agreement outlines the terms under which the Agency will engage the Agent to represent the Agency in real estate transactions.

I. Services Provided by Agent

  1. Representation: The Agent will represent the Agency in buying, selling, and leasing real estate properties. This includes working with clients to understand their needs, showing properties, and facilitating negotiations.

  2. Marketing and Promotion: The Agent will actively market and promote properties listed by the Agency. This may include creating listings, hosting open houses, and utilizing online and offline marketing strategies.

  3. Client Management: The Agent will manage client relationships, provide guidance, and address any issues or concerns that arise during transactions.

  4. Documentation and Compliance: The Agent will ensure all necessary documentation is completed accurately and in compliance with local and state regulations.

II. Agent's Responsibilities

  1. Professional Conduct: The Agent agrees to conduct themselves in a professional manner and adhere to all ethical standards set forth by the Agency and relevant real estate governing bodies.

  2. Performance Goals: The Agent is expected to meet performance goals set by the Agency, including sales targets and client satisfaction metrics.

  3. Communication: The Agent will maintain regular communication with the Agency regarding the progress of transactions and any issues that may arise.

  4. Continuing Education: The Agent agrees to participate in ongoing professional development and training as required by the Agency.

III. Compensation

  1. Commission Structure: The Agent will receive a commission of twenty percent (20%) of the gross commission earned by the Agency from transactions facilitated by the Agent. The commission will be paid on a quarterly basis.

  2. Additional Expenses: Any additional expenses incurred by the Agent in the course of performing their duties, such as marketing costs or travel expenses, will be reimbursed by the Agency, subject to prior approval.

IV. Term of Agreement

This Agreement will commence on [Month Day, Year] and continue for a period of three (3) years. Either party may terminate this Agreement with twenty (20) business days' written notice to the other party.

V. Confidentiality

The Agent agrees to maintain the confidentiality of all proprietary and confidential information received from the Agency and its clients. This obligation will continue even after the termination of this Agreement.

VI. Governing Law

This Agreement will be governed by and construed in accordance with the laws of the State of [State]. Any disputes arising from this Agreement will be subject to the jurisdiction of the courts located in [County/State].

VII. Miscellaneous

  1. Entire Agreement: This Agreement constitutes the entire understanding between the parties and supersedes any prior agreements or understandings related to the subject matter hereof.

  2. Amendments: Any amendments or modifications to this Agreement must be made in writing and signed by both parties.

  3. Assignment: The Agent may not assign this Agreement or delegate their duties without the prior written consent of the Agency.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

Agency Signature:

[Your Name]

[Job Title]

[Your Company Name]

[Month Day, Year]

Agent Signature:

[Agent Name]

[Job Title]

[Month Day, Year]

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