Products tagged with 'real estate broker contract'

Retain a licensed real estate agent to provide services to a brokerage with this Independent Contractor Agreement for Canada.

Relationship of the Parties

• The licensed agent (licensee) is being retained as an independent contractor, not as an employee.
• The licensee will be paid compensation at the brokerage's current rates, but will be responsible for remitting its own taxes and other required deductions.
• The licensee is responsible for paying their own business expenses, including CREA dues, office expenses, telecommunications costs, printing and signage, marketing, computer expenses, etc.

Services Provided by Licensed Agent

• The licensee will provide a variety of services under the contract, as required by the brokerage, including all client services necessary for buying or selling properties, and rental property management services to residential landlord clients (where allowed by law).
• All services undertaken and performed by the licensee will be done in the name of the brokerage. The licensee is not authorized to give legal or tax advice.

Insurance Coverage

• The licensee is responsible for carrying worker's compensation insurance for him/herself and his/her employees (if any).
• The licensee must carry its own automobile insurance, with minimum liability limits set by the broker.
• The broker's E&O insurance coverage is secondary and non-contributory to any E&O coverage that the licensee is required to maintain through their provincial or territorial regulator.
• The licensee is encouraged to carry cyber/media liability insurance covering its own real estate business.

Other Key Provisions of the Template

• The parties agree to settle disputes by way of binding arbitration.
• The licensee agrees to indemnify the broker and its affiliates against costs, claims and losses arising from any default, misrepresentation, infringement, or breach of the agreement by the licensee.
• Broker's liability for compensation to the licensee shall not exceed a stated dollar amount.
• Confidentiality, non-disclosure and non-competition provisions.

Format and Jurisdiction

This Independent Contractor Agreement between Broker and Real Estate Agent is available as a downloadable MS Word document, which is fully editable and can be reused as often as necessary.

This is a Canadian legal document template and is intended to be used only within Canada.

Independent Contractor Agreement Template between Broker and Real Estate Agent | Instant Download for Canadian Brokerages