Employment Agreement Commission Only (Real Estate) Precedent
Commission only arrangements for real estate sales agents can appear complicated, but once you know the rules, they are easy to roll out.It is quite obvious why employment agreements are needed, such as setting out pay and entitlements, but do your clients know that they do way more than that, especially when there is commission involved?
Commission only arrangements for real estate sales agents can appear complicated, but once you know the rules, they are easy to roll out.It is quite obvious why employment agreements are needed, such as setting out pay and entitlements, but do your clients know that they do way more than that, especially when there is commission involved?
Commission only arrangements for real estate sales agents can appear complicated, but once you know the rules, they are easy to roll out.It is quite obvious why employment agreements are needed, such as setting out pay and entitlements, but do your clients know that they do way more than that, especially when there is commission involved?
About our Employment Agreement Commission Only precedent
Drafted for lawyers by a real estate lawyer, this Commission Only Employment Agreement for real estate protects the agency’s Principal, protects their data, IP & clients.
Our Employment Agreement precedent is tailored for real estate.
Note: This Agreement is only to be used for Commission Only arrangements where MITA requirements under the Real Estate Industry Award have been met. Please see our other templates for other types of arrangements. Not to be used for retainer (debit/credit arrangements), salary only, salary + commission or casual staff.
Your Employment Agreement –Commission Only includes:
Real Estate Commission Only Employment Agreement Precedent
Instructional video on how to complete your Precedent
As commission structures vary from agency to agency, for example commission structures are included in the precedent however you may need to customise to meet the needs of your client, depending on the commercial arrangements around the commission.
The Employment Agreement - Commission only is suitable all around Australia and includes:
Schedule
Terms and Conditions Contents:
- Definitions
- Position
- Conditions and Warranties
- Sales commission
- Leave
- Hours
- Mobile/Laptops [optional]
- Personal mobile phone and laptop [optional]
- Motor Vehicle [optional]
- Personal Motor Vehicle [optional]
- Company Credit Card [optional]
- Review
- Conduct
- Policies and procedures
- Deductions
- Expenses
- Termination
- Actions when employment ends
- Privacy
- Confidential information
- Intellectual prop
- Conflict of interest
- Information technology
- Undertaking not to compete [optional]
- Severability
- General provisions
Annexures
OPTIONAL EXTRA – Ensure you are set up right from the start to protect you. If you have any questions, feel free to reach out to Kristen Porter to book in for a consulting/coaching session.
Boring legal stuff: No legal advice included. Whilst this product has been designed and prepared by lawyers, this is general advice only and cannot be relied upon as legal advice as it does not take into consideration your or your client’s exact circumstances. This information is for guidance only as there are many variables in preparing agreements and advising your clients. PS - congratulations if you have read this far, you must love legal disclaimers or are a sucker for punishment.