Real Estate Sales Employment Contract {HR-731}

REAL ESTATE SALES EMPLOYMENT CONTRACT AGREEMENT FOR EMPLOYMENT This agreement will be effective as of (date), between , of (address) referred to as broker, and , of (address) referred to as 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. The broker and sales representative agree as follows: PART I. OBLIGATIONS OF BROKER 1. The broker agrees to make available all current listings presently existing 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 shall also solicit additional listings, customers and business for the broker. 2. The sales representative must conduct himself in a manner that will increase the good will and reputation of the broker. PART III. 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 or 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 or her) own advantage. PART VI. TERMINATION The relationship created by this agreement can be terminated by either party with a () day(s) written notice. 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 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 American LegalNet, Inc. 251 www.FormsWorkFlow.com