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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."
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
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)
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
Appointed Representative
Board
Business
Commission
Commencement Date
Confidential Information
Customer
Data Protection Legislation
Employment
Estate Agency Work
Financial Services
Garden Leave
Group Company
Intellectual Property Rights
KPIs
Notice Period
Personal Data
Pipeline Transactions
Property
Protected Customer
Qualifying Commission
Real Estate Services
Regulations
Relevant Business
Remuneration
Restricted Area
Restricted Period
Sales Target
Territory
Transaction
Working Hours
Duties and Responsibilities
Working Hours
Place of Work
Remuneration
Commission Structure
Bonus Arrangements
Benefits
Expenses
Holiday Entitlement
Sickness and Absence
Professional Qualifications
Regulatory Compliance
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Garden Leave
Professional Indemnity
Client Relations
Record Keeping
Performance Reviews
Training Requirements
Company Property
Vehicle Use
Health and Safety
Disciplinary Procedures
Grievance Procedures
Termination
Notice Period
Summary Dismissal
Post-Termination Obligations
Governing Law
Entire Agreement
Variation
Severability
Third Party Rights
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