Real Estate Assistant Independent Contractor Agreement
A California employer who intentionally misclassifies its employees as independent contractors is not only subject to payment arrears (with penalties), but can also be charged up to $25,000 per violation. The first element called „I. Parties“ has a simple purpose: to positively identify the document you own, the seller or agent concerned and the rental agency. Begin this identification process by specifying the official date of this Agreement in the first and second empty lines. To do this, write the name of the month and the calendar day on which this agreement entered the first blank line. Then, after the numbers „20“, specify the two-digit year that corresponds to the date you just entered. Find the legend in parentheses „Seller“. Specify the full name of the agent who will be hired or hired in the blank line before this label. The legal name of the hiring agency must also be documented in this area.
Find the phrase „With a primary office address from“. Enter the official name of the hiring agency in the blank line just before this sentence, and then enter the address of the hiring agency office by entering the address, city, and state in the following three places. Make sure that the name of this entity appears exactly as it appears in the books. This agreement must include proof that the Seller and the Agency have read the completed copy and intend to accept it. Once proper verification has been completed, both must provide a dated signature. This Agreement shall be implemented within the framework of the judicial system of the State in which those parties intend to act in the manner defined above and shall be held accountable to the judicial system. Indicate the name of the State governing this Agreement on the white line of „XVI. Applicable law“. The section entitled „XVII Additional Terms and Conditions“ allows for all legal additions to this Agreement if there are certain aspects that have not been addressed in this document.
You can use the blanks in this section to include this information or to cite an appendix with this information that is properly labeled, signed by both parties, and dated by both parties. Options: The document contains a language option to assign the contents of an existing distribution broker`s list to a new broker. When a distributor leaves one broker and moves to another broker, the new broker needs an assignment of the content of the listing, whether or not the listing agreement is assigned to the new broker. Some believe that they can legitimize an assistant`s status as an independent contractor by creating a contract in which the parties can agree that the assistant is an independent contractor. This is simply not the case. Our next task will be to identify the state where the seller is a licensed real estate agent. Name this state in the first blank line of section „II. Seller“. We need to give this article some definitions before we proceed. So look for the „C.] item. Advice of real estate agents. You must check one of the boxes to indicate if the seller should contact and join the local Association of Real Estate Agents.
If this is the case, check the Mandatory box and indicate the number of days following the signing of this document if the sales representative is to receive this membership. This includes payment of the required fees. If the seller is not required to become a „fee-paying member of the Board of Directors of the Local Association of Real Estate Agents“, check the second box („Not required“). In the fresh article entitled „F.), we will deal with the question of who pays the required costs when selling a property. By default, Seller pays all fees and expenses permitted by law, but may list exceptions to this obligation in the blank lines of this section. The next area that needs our attention in this article is „G.) Draw. We need to document what the seller can expect in terms of future commissions. If he does not receive „A draw on future commissions“, check the „Do not receive“ box. If he receives a draw, check the second box „Will be paid“.
The dollar amount paid in this draw must be noted in the first blank line of this selection, and you must indicate the frequency of these payments by checking the „Week“ or „Month“ box. Finally, be sure to specify the final schedule date when such a payment can be made in the last blank line of this selection. In the seventh article (entitled „VII. Termination“), we will consolidate this Agreement as a monthly agreement, however, either party reserves the right to terminate this Agreement at any time as long as the terminating party gives notice of such intention to terminate a certain number of days prior to termination. Specify the number of days that the terminating party should communicate to the remaining party in the blank line of this section. The eighth item, „VIII Commissions,“ will look for a solid number to report what the seller is getting paid, so make sure your references are up to date. Find the blank line right in front of the percentage symbol, and then enter the commission percentage used to calculate the seller`s payment. .
