Real Estate Employment Contract Template for England and Wales

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Key Requirements PROMPT example:

Real Estate Employment Contract

"I need a Real Estate Employment Contract for a senior estate agent joining our London office, with specific provisions for international property sales and a tiered commission structure, starting March 2025."

Document background
The Real Estate Employment Contract is essential for formalizing employment relationships within the property sector in England and Wales. This document is typically used when hiring real estate agents, property managers, or other property professionals, ensuring compliance with both general employment law and specific real estate industry regulations. The contract covers crucial elements such as commission structures, property transaction protocols, client confidentiality, and professional certifications. It provides protection for both employer and employee while establishing clear performance expectations and compensation arrangements within the framework of UK employment legislation.
Suggested Sections

1. Parties: Identifies the employer (real estate company) and employee with full legal names and addresses

2. Background: Context of the employment relationship and nature of the real estate business

3. Definitions: Key terms used throughout the contract including 'Property', 'Commission', 'Territory', etc.

4. Appointment and Term: Details of the role and duration of employment

5. Duties and Responsibilities: Specific responsibilities in the real estate role including sales targets and professional conduct

6. Remuneration and Benefits: Salary, commission structure, and benefits package

7. Working Hours and Location: Standard working hours, flexibility requirements, and primary office location

8. Professional Requirements: Licensing, certifications, and ongoing training requirements

9. Confidentiality: Protection of company and client information

10. Termination: Conditions and procedures for ending employment

Optional Sections

1. Commission Structure Details: Detailed breakdown of commission calculations (used for commission-based roles)

2. Company Car Provision: Terms of company vehicle usage (included when a company car is provided)

3. International Travel: Terms for international property sales (for roles involving international real estate)

4. Team Leadership: Management responsibilities and team targets (for senior or management positions)

Suggested Schedules

1. Schedule 1: Commission Structure: Detailed commission rates and calculation methods

2. Schedule 2: Benefits Package: Comprehensive list of benefits and eligibility criteria

3. Schedule 3: Territory Definition: Geographical area of operation

4. Appendix A: Code of Conduct: Professional behavior standards and compliance requirements

5. Appendix B: Expense Policy: Guidelines for claiming business expenses

6. Appendix C: Data Protection Policy: GDPR compliance and data handling procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Employment Rights Act 1996: Primary legislation governing employment rights in England and Wales, covering fundamental aspects such as contracts, unfair dismissal, and statutory rights

Equality Act 2010: Legislation protecting against discrimination in the workplace based on protected characteristics such as age, gender, race, and disability

Working Time Regulations 1998: Regulations governing maximum working hours, rest breaks, and annual leave entitlements

National Minimum Wage Act 1998: Legislation ensuring workers receive at least the statutory minimum wage for their work

Employment Relations Act 1999: Law governing trade union recognition and collective bargaining rights

Estate Agents Act 1979: Specific legislation regulating the conduct of estate agents and real estate professionals

Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers from unfair practices in property transactions

Business Protection from Misleading Marketing Regulations 2008: Laws preventing misleading advertising and marketing in business-to-business transactions

Money Laundering Regulations 2017: Regulations requiring real estate professionals to conduct due diligence and prevent money laundering

UK General Data Protection Regulation: Post-Brexit data protection legislation governing the processing of personal data

Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR

RICS Requirements: Professional standards and requirements set by the Royal Institution of Chartered Surveyors

Property Ombudsman Scheme: Requirements for handling complaints and maintaining professional standards in real estate

Health and Safety at Work Act 1974: Primary legislation ensuring workplace safety and health standards

Workplace (Health, Safety and Welfare) Regulations 1992: Specific regulations governing workplace conditions and safety requirements

Income Tax (Earnings and Pensions) Act 2003: Legislation governing taxation of employment income and benefits

National Insurance Contributions legislation: Laws governing social security contributions from employees and employers

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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