[{"data":1,"prerenderedAt":514},["ShallowReactive",2],{"document-real-estate-commission-agreement-D13759":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":36,"customDescModule":167,"customdescription":6,"mdFm":168,"mdProseHtml":513},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"REAL ESTATE COMMISSION AGREEMENT This Real Estate Commission Agreement (\"Agreement\") is entered into effect as of [DATE], BETWEEN: [REAL ESTATE AGENT NAME], (\"Agent\"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PROPERTY OWNER NAME], (\"Owner\") an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] PURPOSE OF THE AGREEMENT The Owner agrees to engage the Agent as their exclusive real estate agent for the purpose of marketing, listing, and representing the Owner in the sale of the property located at [Property Address], hereinafter referred to as the \"Property.\" EXCLUSIVE LISTING 2.1 The Owner hereby grants the Agent an exclusive right to list the Property for sale during the term of this Agreement. 2.2 The Agent shall use reasonable efforts to market, advertise, and promote the Property for sale during the term of this Agreement. COMMISSION 3.1 The Owner agrees to pay the Agent a commission upon the successful sale of the Property. The commission shall be [Specify Commission Percentage] % of the final sale price of the Property. 3.2 The commission is payable at the closing of the sale and shall be deducted from the proceeds of the sale. TERM OF AGREEMENT 4",null,"Real Estate Commission Agreement","3",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/real-estate-commission-agreement-D13759.png","https://templates.business-in-a-box.com/imgs/250px/13759.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13759.xml",{"title":15,"description":6},"real estate commission agreement",[17,20],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/",{"label":21,"url":22},"Purchase & Sale Agreements","/templates/purchase-sale-agreement/","Real Estate Commission Agreement Template","https://templates.business-in-a-box.com/imgs/400px/13759.png","https://templates.business-in-a-box.com/imgs/600px/13759.png",[27,17,20],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":18,"url":19},{"label":34,"url":35},"Real Estate & Leases","/templates/real-estate-and-leases/",[37,41,45,49,53,57,61,65,68,72,76,80,84,99,114,126,139,154],{"label":38,"url":39,"thumb":40,"extension":10},"Real Estate Salesman Independent Contractor Agreement","/template/real-estate-salesman-independent-contractor-agreement-D1198","https://templates.business-in-a-box.com/imgs/250px/1198.png",{"label":42,"url":43,"thumb":44,"extension":10},"Real Estate Operating Agreement","/template/real-estate-operating-agreement-D14043","https://templates.business-in-a-box.com/imgs/250px/14043.png",{"label":46,"url":47,"thumb":48,"extension":10},"Real Estate Purchase Agreement","/template/real-estate-purchase-agreement-D13234","https://templates.business-in-a-box.com/imgs/250px/13234.png",{"label":50,"url":51,"thumb":52,"extension":10},"Assignment of Real Estate Contract and Sale Agreement","/template/assignment-of-real-estate-contract-and-sale-agreement-D1157","https://templates.business-in-a-box.com/imgs/250px/1157.png",{"label":54,"url":55,"thumb":56,"extension":10},"Assignment of Real Estate Contract","/template/assignment-of-real-estate-contract-D1158","https://templates.business-in-a-box.com/imgs/250px/1158.png",{"label":58,"url":59,"thumb":60,"extension":10},"Deed of Sale Real Estate Property","/template/deed-of-sale-real-estate-property-D1172","https://templates.business-in-a-box.com/imgs/250px/1172.png",{"label":62,"url":63,"thumb":64,"extension":10},"Offer to Purchase Real Estate Property","/template/offer-to-purchase-real-estate-property-D1190","https://templates.business-in-a-box.com/imgs/250px/1190.png",{"label":62,"url":66,"thumb":67,"extension":10},"/template/offer-to-purchase-real-estate-property-D1189","https://templates.business-in-a-box.com/imgs/250px/1189.png",{"label":69,"url":70,"thumb":71,"extension":10},"Option to Purchase Real Estate Property","/template/option-to-purchase-real-estate-property-D1194","https://templates.business-in-a-box.com/imgs/250px/1194.png",{"label":73,"url":74,"thumb":75,"extension":10},"Asset Purchase Agreement For a Real Estate Property","/template/asset-purchase-agreement-for-a-real-estate-property-D930","https://templates.business-in-a-box.com/imgs/250px/930.png",{"label":77,"url":78,"thumb":79,"extension":10},"Active Real Estate Partnership Agreement","/template/active-real-estate-partnership-agreement-D13216","https://templates.business-in-a-box.com/imgs/250px/13216.png",{"label":81,"url":82,"thumb":83,"extension":10},"Passive Real Estate Partnership Agreement","/template/passive-real-estate-partnership-agreement-D13232","https://templates.business-in-a-box.com/imgs/250px/13232.png",{"description":85,"descriptionCustom":6,"label":86,"pages":87,"size":88,"extension":10,"preview":89,"thumb":90,"svgFrame":91,"seoMetadata":92,"parents":93,"keywords":97,"url":98},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[94],{"label":95,"url":96},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":100,"descriptionCustom":6,"label":101,"pages":8,"size":9,"extension":10,"preview":102,"thumb":103,"svgFrame":104,"seoMetadata":105,"parents":107,"keywords":106,"url":113},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":106,"description":6},"non disclosure agreement nda",[108,110],{"label":18,"url":109},"business-legal-agreements",{"label":111,"url":112},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":115,"descriptionCustom":6,"label":116,"pages":87,"size":9,"extension":10,"preview":117,"thumb":118,"svgFrame":119,"seoMetadata":120,"parents":122,"keywords":121,"url":125},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":121,"description":6},"service agreement",[123,124],{"label":18,"url":109},{"label":18,"url":109},"/template/service-agreement-D12711",{"description":127,"descriptionCustom":6,"label":128,"pages":8,"size":9,"extension":10,"preview":129,"thumb":130,"svgFrame":131,"seoMetadata":132,"parents":134,"keywords":137,"url":138},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (\"Letter of Intent\") sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the \"Business\") carried on by yourselves. Except as specifically set forth herein, this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business, including the warehouse in [CITY/STATE] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately [AMOUNT] granted by the [SPECIFY COMPANY] [CITY/STATE]. Buyer understands that the said warehouse has no other charges or liabilities affecting it other than the said mortgage loan. Buyer may either purchase the warehouse outright or enter into a lease-purchase or instalment transfer of ownership which is satisfactory to both parties. The gross purchase price for the said warehouse will be [AMOUNT]. Buyer may purchase or lease barrels and other equipment currently owned by the Company which are necessary to operate the Business, on a cash or instalment basis agreeable to both parties. The specific assets to be purchased and the amounts to be paid by Buyer in connection with this transaction remain to be negotiated by the parties. This Letter of Intent also evidences the intentions of the parties with respect to the following agreements: Buyer will enter into a [NUMBER]-year employment agreement with [COMPANY NAME], providing for the Company will be responsible for the purchase of [SPECIFY] for Buyer. The agreement will contain the customary terms and conditions found in employment agreements in similar transactions and will provide for the usual non-competition and non-solicitation covenants to be entered into by the Company in favour of Buyer. It is expressly understood that if the contemplated transaction is consummated, the aggregate amount of commission paid or payable to yourselves (net of reasonable expenses acceptable to Buyer) in respect of all purchases of [SPECIFY] made through you from the date of this Letter of Intent to the date of closing, with the exception of commissions earned on the [NUMBER] truckloads of [SPECIFY] to be delivered to Buyer during the week of [DATE] to [DATE], will be applied against remuneration payable to the Company in the first year of his employment agreement. If the contemplated transaction is not consummated, all such commissions paid or payable will be treated as commissions. Buyer will enter into a [NUMBER]-year employment agreement with [EMPLOYEE NAME], providing for the payment of a gross base salary of [ANNUAL SALARY] per year, to be paid weekly, subject to annual review. [EMPLOYEE NAME] will be President of the Business and the employment agreement will provide for health benefits, automobile, expenses and bonus arrangements","Letter of Intent_Acquisition of Business","https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent_acquisition-of-business-D5197.png","https://templates.business-in-a-box.com/imgs/250px/5197.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5197.xml",{"title":133,"description":6},"letter of intent_acquisition of business",[135,136],{"label":18,"url":109},{"label":18,"url":109},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":140,"descriptionCustom":6,"label":141,"pages":142,"size":9,"extension":10,"preview":143,"thumb":144,"svgFrame":145,"seoMetadata":146,"parents":148,"keywords":147,"url":153},"PARTNERSHIP AGREEMENT This Partnership Agreement (\"Agreement\") is made and effective this [Date], BETWEEN: [YOUR COMPANY NAME] (the \"First Partner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTNER NAME] (the \"Second Partner\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Partners desire to join together for the pursuit of common business goals. Partners have considered various forms of joint business enterprises for their business activities. Partners desire to enter into a partnership agreement as the most advantageous business form for their mutual purposes. The parties hereto agree to form a limited partnership (the \"Partnership\") under [LAW, CODE OR ACT]. In consideration of the mutual promises contained in this agreement, partners agree as follows: NAME AND DOMICILE The name of the partnership shall be [name]. The principal place of business shall be at [address], [city], [state/province], unless relocated by consent of the partners. Purposes Subject to the limitations set forth in this Agreement, the purposes of the Partnership are to engage in the business of [DESCRIBE ACTIVITIES]; and to conduct other activities as may be necessary or incidental to or desirable in connection with the foregoing. DURATION OF AGREEMENT The term of this agreement shall be for [number] years, commencing on [date], and terminating on [date], unless sooner terminated by mutual consent of the parties or by operation of the provisions of this agreement. CLASSIFICATION AND PERFORMANCE BY PARTNERS Partners shall be classified as active partners, advisory partners, or estate partners. An active partner may voluntarily become an advisory partner, may be required to become one irrespective of age, and shall automatically become one after attaining the age of [age] years, and in each case shall continue as such for [number] years unless the partner sooner withdraws or dies. If an active partner dies, the partner's estate will become an estate partner for [number] years. If an advisory partner dies within [Number] years of having become an advisory partner, the partner will become an estate partner for the balance of the [number]-year period. Only active partners shall have any vote in any partnership matter. At the time of the taking effect of this partnership agreement, all the partners shall be active partners except [name] and [name], who shall be advisory partners. An active partner, after attaining the age of [age] years, or prior to that age if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of all the other active partners determines that the reason for the change in status is bad health, may become an advisory partner at the end of any calendar month on giving [number] calendar months' prior notice in writing of the partner's intention to do so. The notice shall be deemed to be sufficient if sent by registered mail addressed to the partnership at its principal office at [address], [city], [state/province] not less than [number] calendar months prior to the date when the change is to become effective. Any active partner may at any age be required to become an advisory partner at any time if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of the other active partners shall decide that the change is for any reason in the best interests of the partnership, provided notice of the decision shall be given in writing to the partner. The notice shall be signed by the [chairman or as the case may be] of the [executive committee or as the case may be] or, in the event of his or her being unable to sign at the time, by another member of the [executive committee or as the case may be]. The notice shall be served personally on the partner required to change his or her status or mailed by registered mail to the partner's last known address. Change of the partner's status shall become effective as of the date specified in the notice. Every active partner shall automatically and without further act become an advisory partner at the end of the fiscal year in which the partner's birthday occurs. In the event that an active partner becomes an advisory partner or dies, the partner or the partner's estate shall be entitled to the following payments at the following times: [describe] Each active partner shall apply all of the partner's experience, training, and ability in discharging the partner's assigned functions in the partnership and in the performance of all work that may be necessary or advantageous to further the business interests of the partnership. CONTRIBUTION Each partner shall contribute [amount] on or before [date] to be used by the partnership to establish its capital position. Any additional contribution required of partners shall only be determined and established in accordance with Article Nineteen. MANAGEMENT OF THE PARTNERSHIP The Partnership shall be managed by [SPECIFY]. Subject to the limitations specifically contained in this Agreement, [PARTY MANAGING THE PARTNERSHIP] shall have the full, exclusive and absolute right, power and authority to manage and control the Partnership and the property, assets and business thereof. [PARTY MANAGING THE PARTNERSHIP] shall have all of the rights, powers and authority conferred by law or under other provisions of this Agreement. Without limiting the generality of the foregoing, such powers include the right on behalf of the Partnership, in [PARTY MANAGING THE PARTNERSHIP]' sole discretion, to: Acquire, purchase, renovate, improve, and own any property or assets necessary or appropriate or in the best interests of the business of the Partnership, and to acquire options for the purchase of any such property; Borrow money, issue evidences of indebtedness in connection therewith, refinance, increase the amount of, modify, amend or change the terms of, or extend the time for the payment of, any indebtedness or obligation of the Partnership, and secure such indebtedness by mortgage, deed of trust, pledge or other lien on Partnership assets; Sue on, defend or compromise any and all claims or liabilities in favor of or against the Partnership and to submit any or all such claims or liabilities to arbitration; File applications, communicate and otherwise deal with any and all governmental agencies having jurisdiction over, or in any way affecting, the Partnership's assets or any part thereof or any other aspect of the Partnership business; Retain services of any kind or nature in connection with the Partnership business, and to pay therefore such remuneration deem reasonable and proper; and Perform any and all other acts deem necessary or appropriate to the Partnership business. TRANSFER OF PARNERSHIP INTERESTS Restrictions on Transfer None of the Partners shall sell, assign, transfer, mortgage, encumber, or otherwise dispose of the whole or part of that Partner's interest in the Partnership, and no purchaser or other transferee shall have any rights in the Partnership as an assignee or otherwise with respect to all or any part of that Partnership interest attempted to be sold, assigned, transferred, mortgaged, encumbered, or otherwise disposed of, unless and to the extent that the remaining Partner(s) have given consent to such sale, assignment, transfer, mortgage, or encumbrance, but only if the transferee forthwith assumes and agrees to be bound by the provisions of this Agreement and to become a Partner for all purposes hereof, in which event, such transferee shall become a substituted partner under this Agreement.","Partnership Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/partnership-agreement-D12551.png","https://templates.business-in-a-box.com/imgs/250px/12551.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12551.xml",{"title":147,"description":6},"partnership agreement",[149,150],{"label":18,"url":109},{"label":151,"url":152},"Partnership Agreements","partnership-agreement","/template/partnership-agreement-D12551",{"description":155,"descriptionCustom":6,"label":156,"pages":157,"size":9,"extension":10,"preview":158,"thumb":159,"svgFrame":160,"seoMetadata":161,"parents":163,"keywords":162,"url":166},"REFERRAL AGREEMENT This Referral Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its head office located at: [COMPLETE ADDRESS] AND: [NAME OF REFERRER] (the \"Referrer\"), an individual with their main address located at: [YOUR COMPLETE ADDRESS] Collectively, the Company and the Referrer shall be referred to as the \"Parties.\" WHEREAS, the Company is engaged in the business of [SPECIFY THE BUSINESS] (the \"Services\"); and WHEREAS, the Referrer desires to refer potential clients (\"Referrals\") of the Services to the Company in exchange for a commission on any revenue generated by the Company as a result of such Introductions; NOW, THEREFORE, the Parties agree as follows: REFERRALS During the Term, the Referrer will make Introductions (as defined in Exhibit A) of the Company to potential clients for purposes of promoting the Services to such potential clients. The Referrer will use its professional judgment as to the appropriateness of a particular Introduction (recognizing that some Introductions may not be appropriate at a particular time or at any time). The Company will meet or conference and negotiate independently with a potential client after an Introduction with respect to a potential relationship and the terms applicable to such potential relationship. The Referrer may not object to any decisions made by the Company regarding the terms or conditions of a particular relationship entered into after an Introduction. Further, the Company will have sole discretion to enter into or not enter into an arrangement with a potential client. COMMISSION During the Term, the Company will pay the Referrer a commission (the \"Compensation\") on \"Collection Service Revenue\" generated because of Introductions by the Referrer in accordance with Exhibit A. The Compensation shall be considered complete consideration for all Referrals made during the Term. The Referrer shall be responsible for any and all income and other taxes applicable to it in connection with its receipt of Compensation pursuant hereto and as an independent contractor of the Company. The Company will not be responsible for any expenses of the Referrer in the course of the performance of its obligations hereunder unless such expenses have been previously approved in writing by the Company. TERM AND TERMINATION The Term (the \"Initial Term\") of this Agreement shall commence on the Effective Date and shall continue for a period of [NUMBER OF MONTHS] months. Prior to the end of the Initial Term and each \"Renewal Term\" (as hereafter defined), this Agreement will automatically extend for an additional [NUMBER OF MONTHS] month period (each, a \"Renewal Term\") unless either Party sends the other Party a notice of non-renewal at least [NUMBER OF DAYS] days prior to the expiration of the \"Term\" (as hereafter defined). The Initial Term and any Renewal Terms shall be collectively referred to herein as the \"Term.\" This Agreement may be terminated by either party upon [NUMBER OF DAYS] days' prior written notice. The following provisions shall survive the Termination Date: Representations and Warranties, Indemnification, Limitation of Liability, Confidentiality, Non-Competition and Non-Solicitation. INDEPENDENT CONTRACTOR RELATIONSHIP No Employment Relationship. The Company and the Referrer each expressly agree and understand that they are creating an independent contractor relationship, and that the Referrer shall not be considered an employee of the Company for any purpose. The Referrer is not entitled to receive or participate in any medical, retirement, vacation, paid or unpaid leave, or other benefits provided by the Company to its employees. The Referrer is exclusively responsible for all taxes and any other statutory benefits otherwise required to be provided to employees, and all fees and licenses, if any, required for the performance of the Services hereunder. No Exclusivity of Services Other Than to Competitors. This Agreement shall not restrict the Referrer from performing Services for other clients or businesses, provided, however, that during the Term of this Agreement, the Referrer shall not apply, bid, or contract for, or undertake any employment, independent contractor work or consulting work with any competitor of the Company. The determination of which businesses constitute \"competitors\" of the Company shall be solely within the exclusive discretion of the Company. Performance of Services for Competitors. The Referrer will notify the Company immediately if, during the Term, he engages, or proposes to engage, in the performance of Services for any competitor of the Company, or any vendor to or customer of the Company. If the Referrer performs Services, whether as an employee or an independent contractor, for a competitor of the Company during the Term of this Agreement, the Company may terminate this Agreement immediately and without further obligation. Additionally, to avoid the appearance or existence of a conflict of interest, during the Term, the Referrer must fully disclose in advance to the Company the terms of any proposed or actual Services for a vendor or customer of the Company, and the Company shall have the right in its sole discretion to disapprove the transaction on conflict of interest grounds, or alternatively, to terminate this Agreement immediately and without further obligation to the Referrer. REPRESENTATIONS AND WARRANTIES Each of the Referrer and the Company represents and warrants that: it has the right to enter into this Agreement and the right to grant the rights granted herein; it is not a party to any agreement, contract, or understanding that would prevent, limit or hinder its performance of this Agreement; during the Term, it will not enter into any contract, agreement or understanding which is in conflict or which would interfere with the full and complete performance of any of the duties or grants hereunder; and it is not a party to any pending claims or litigation which might affect its performance of this Agreement. The Referrer shall provide the Referrer Services diligently and as per industry standards. The Referrer shall not provide misleading information about the Company or its Services to any third party. The Referrer shall for the Term of the Agreement work exclusively with the Company and not work with any other similar and competing company, whether paid or free, to provide the Services. The Referrer shall conduct itself in a professional manner while performing the Referrer Services for the Company. The Referrer hereby represents and warrants that, as of the date hereof and continuing throughout the Term of this Agreement, they are not and will not be in any way restricted or prohibited, contractually or otherwise, from entering into this Agreement or performing the Referrer Services contemplated hereunder. Except as specifically set forth in this Agreement, to the maximum extent permitted by law, each Party disclaims all warranties and representations, whether express, implied, or statutory, with respect to the marketing services provided to the other Party and other obligations undertaken hereunder, including without limitation, the implied warranties of merchantability, fitness for a particular purpose (even if the Referrer has been informed of such purpose), or warranties arising from a course of dealing, usage or trade practice","Referral Agreement","7","https://templates.business-in-a-box.com/imgs/1000px/referral-agreement-D13279.png","https://templates.business-in-a-box.com/imgs/250px/13279.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13279.xml",{"title":162,"description":6},"referral agreement",[164,165],{"label":18,"url":109},{"label":151,"url":152},"/template/referral-agreement-D13279",false,{"seo":169,"reviewer":181,"legal_disclaimer":185,"quick_facts":186,"at_a_glance":188,"personas":192,"variants":217,"glossary":245,"clauses":279,"how_to_fill":330,"common_mistakes":371,"faqs":396,"industries":424,"comparisons":441,"diy_vs_lawyer":456,"jurisdictions":469,"related_template_ids_curated":490,"schema":502,"classification":503},{"meta_title":170,"meta_description":171,"primary_keyword":15,"secondary_keywords":172},"Real Estate Commission Agreement Template (Free Word)","Free real estate commission agreement template covering agent duties, commission rate, split, triggers, and dispute terms. Used in 190+ countries. Free Word and PDF download.",[173,174,175,176,177,178,179,180],"real estate commission agreement template","real estate commission contract","realtor commission agreement","buyer agent commission agreement","seller commission agreement real estate","real estate agent commission split agreement","real estate commission agreement word","commission agreement template free",{"name":182,"credential":183,"reviewed_date":184},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":187,"legal_review_recommended":185,"signature_required":185,"notarization_required":167},"advanced",{"what_it_is":189,"when_you_need_it":190,"whats_inside":191},"A Real Estate Commission Agreement is a legally binding contract between a property owner (or buyer) and a real estate agent or broker that defines the terms under which commission is earned, calculated, and paid. This template is a free Word download you can edit online and export as PDF — covering commission rate, triggering events, exclusivity, co-brokerage splits, and dispute resolution in a single enforceable document.\n","Use it before a listing goes live, before a buyer-agent relationship begins, or any time a broker or agent will receive compensation tied to a real estate transaction. It is also required when structuring an internal commission split between a brokerage and its agents.\n","Parties and property description, commission rate and calculation method, triggering events for payment, exclusivity and protected-buyer provisions, co-brokerage and referral split terms, term and termination, dispute resolution, and governing law.\n",[193,197,201,205,209,213],{"title":194,"use_case":195,"icon_asset_id":196},"Real estate brokers","Formalizing commission terms with sellers before listing a property","persona-real-estate-broker",{"title":198,"use_case":199,"icon_asset_id":200},"Independent real estate agents","Documenting buyer-agent relationships and commission entitlement","persona-real-estate-agent",{"title":202,"use_case":203,"icon_asset_id":204},"Property sellers","Understanding and agreeing to commission obligations before signing with a listing agent","persona-property-seller",{"title":206,"use_case":207,"icon_asset_id":208},"Property developers","Setting commission structures for agents selling new construction units","persona-property-developer",{"title":210,"use_case":211,"icon_asset_id":212},"Brokerage owners","Standardizing internal agent commission split arrangements across the firm","persona-brokerage-owner",{"title":214,"use_case":215,"icon_asset_id":216},"Commercial landlords","Agreeing to leasing commissions with tenant-rep brokers before negotiations begin","persona-commercial-landlord",[218,222,226,230,234,238,242],{"situation":219,"recommended_template":220,"slug":221},"Agent representing the seller in a residential listing","Listing Agreement (Exclusive Right to Sell)","exclusive-right-to-sell-D1174",{"situation":223,"recommended_template":224,"slug":225},"Agent representing the buyer in a purchase transaction","Buyer Representation Agreement","advertising-sales-representation-agreement-D5214",{"situation":227,"recommended_template":228,"slug":229},"Two brokerages co-operating on a single transaction","Co-Brokerage Commission Agreement","brokerage-agreement-D12696",{"situation":231,"recommended_template":232,"slug":233},"Referral fee paid from one agent to another for a client introduction","Real Estate Referral Agreement","real-estate-commission-agreement-D13759",{"situation":235,"recommended_template":236,"slug":237},"Commission structure for leasing commercial or residential property","Leasing Commission Agreement","commission-sales-agreement-D532",{"situation":239,"recommended_template":240,"slug":241},"Brokerage setting internal split terms with a licensed agent","Agent Commission Split Agreement","commission-split-agreement-D12729",{"situation":243,"recommended_template":244,"slug":237},"Developer paying flat-fee or tiered commissions on new construction sales","New Development Sales Commission Agreement",[246,249,252,255,258,261,264,267,270,273,276],{"term":247,"definition":248},"Commission Rate","The percentage of the property's sale or lease price that is paid to the agent or broker as compensation for services rendered.",{"term":250,"definition":251},"Triggering Event","The specific occurrence — typically the close of escrow, signing of a lease, or execution of a purchase agreement — that activates the broker's right to receive commission.",{"term":253,"definition":254},"Exclusive Right to Sell","An arrangement giving a single broker the right to earn commission regardless of who procures the buyer, including the seller themselves.",{"term":256,"definition":257},"Exclusive Agency","An arrangement where the broker earns commission if any agent procures the buyer, but the seller retains the right to sell independently without owing commission.",{"term":259,"definition":260},"Protected Buyer (Carve-Out)","A buyer named in the agreement whose introduction by the broker entitles the broker to commission even if the listing agreement expires before the deal closes.",{"term":262,"definition":263},"Co-Brokerage","An arrangement where a listing broker and a buyer's broker share the total commission, typically splitting it 50/50 or per a negotiated percentage.",{"term":265,"definition":266},"Procuring Cause","The legal standard used to determine which broker or agent is entitled to commission when multiple parties claim to have initiated the transaction.",{"term":268,"definition":269},"Holdover Clause","A provision entitling the broker to commission if the property sells to a buyer introduced during the listing period within a defined number of days after the agreement expires.",{"term":271,"definition":272},"Net Listing","A commission structure where the broker retains everything above a minimum net price set by the seller — prohibited in many US states due to conflict-of-interest risk.",{"term":274,"definition":275},"MLS (Multiple Listing Service)","A cooperative database used by real estate brokers to share property listings and co-brokerage commission offers within a regional market.",{"term":277,"definition":278},"Dual Agency","A situation where a single agent or brokerage represents both the buyer and the seller in the same transaction, creating a conflict of interest that requires written disclosure and consent in most jurisdictions.",[280,285,290,295,300,305,310,315,320,325],{"name":281,"plain_english":282,"sample_language":283,"common_mistake":284},"Parties and property description","Identifies the seller or buyer (principal) and the agent or brokerage by full legal name, and describes the subject property by address and legal description.","This Real Estate Commission Agreement is entered into as of [DATE] between [SELLER/BUYER FULL LEGAL NAME] ('Principal') of [ADDRESS] and [BROKERAGE LEGAL NAME], License No. [LICENSE NUMBER] ('Broker'), with respect to the property located at [PROPERTY ADDRESS], legally described as [LEGAL DESCRIPTION] ('Property').","Using a broker's trade name instead of the licensed brokerage entity's legal name. Commissions are legally earned by the licensed brokerage, not the individual agent, and misidentifying the party can void the payment obligation.",{"name":286,"plain_english":287,"sample_language":288,"common_mistake":289},"Commission rate and calculation","States the commission as a percentage of the final sale price, a flat fee, or a tiered formula, and clarifies the base to which it is applied — gross sale price, net proceeds, or lease value.","Principal agrees to pay Broker a commission equal to [X]% of the gross sale price of the Property, or $[FLAT FEE] if the Property sells for less than $[MINIMUM PRICE]. For lease transactions, commission shall equal [X]% of total base rent over the initial lease term.","Leaving the calculation base ambiguous — e.g., not specifying whether commission applies to the gross sale price or net proceeds after seller concessions. Disputes over a $10,000 seller credit on a 3% commission produce a $300 difference that generates disproportionate conflict.",{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Triggering event for payment","Defines precisely when the commission obligation arises — typically at close of escrow, execution of a binding purchase contract, or the procuring-cause standard — and who must pay if the deal falls through after the trigger.","Commission shall be earned and payable at the close of escrow or, if the Principal defaults after a binding purchase agreement is executed, commission shall be due and payable within [10] business days of such default.","Defining the trigger as 'when a ready, willing, and able buyer is procured' rather than 'at close of escrow.' Courts in several US states have upheld commission claims on failed deals under the ready-willing-able standard — most sellers do not expect this and it creates significant litigation risk.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Exclusivity and listing type","States whether the broker has an exclusive right to sell, exclusive agency, or open listing, and what rights (if any) the seller retains to sell the property independently without owing commission.","This Agreement grants Broker an Exclusive Right to Sell the Property during the term. Principal shall owe Broker the full commission regardless of who procures the buyer, including Principal. Principal retains no right to sell independently without commission liability during the term.","Failing to specify the listing type in plain language. A seller who believes they have an exclusive agency arrangement but signed an exclusive-right-to-sell clause discovers the distinction at closing — and disputes the commission.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Term, expiration, and renewal","Sets the start and end date of the agreement, addresses automatic renewal provisions, and states how either party can give notice to terminate.","This Agreement commences on [START DATE] and expires at 11:59 p.m. on [EXPIRATION DATE] ('Listing Period') unless extended by written mutual agreement. Either party may terminate with [30] days' written notice; however, termination does not relieve Principal of commission obligations on transactions initiated during the term.","Including an automatic-renewal clause without capping the number of renewals or requiring written notice to opt out. An agent can effectively lock a seller into a continuous listing relationship they believe ended months earlier.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Holdover and protected-buyer clause","Entitles the broker to commission if the property sells to a buyer who was introduced or shown the property during the listing period, within a defined number of days after expiration.","If, within [180] days after the expiration of this Agreement, Principal enters into a binding agreement to sell the Property to any person or entity who was introduced to the Property by Broker during the Listing Period ('Protected Buyer'), Broker shall be entitled to the full commission set forth herein.","Setting the holdover period at 180 days or more without requiring the broker to provide a written list of Protected Buyers within a reasonable time after expiration. Without a written list, the clause can reach anyone the seller meets, creating perpetual commission exposure.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Co-brokerage and referral split","Authorizes the listing broker to share the commission with a cooperating buyer's broker, states the split percentage, and confirms whether the split is offered through the MLS or by separate written agreement.","Broker is authorized to compensate a cooperating buyer's broker in the amount of [X]% of the gross sale price or [X]% of the total commission earned, as offered through the [MLS NAME] or a separate written co-brokerage agreement. Broker retains [X]% of total commission.","Omitting co-brokerage terms entirely, then verbally agreeing to a split at the time of offer. Verbal commission splits are unenforceable in most jurisdictions — the cooperating broker must have a written agreement to pursue payment.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Dispute resolution and governing law","Specifies whether disputes go to mediation, arbitration, or court, the jurisdiction and venue, and which state or country's law governs the agreement.","Any dispute arising out of this Agreement shall first be submitted to non-binding mediation administered by [MEDIATION PROVIDER]. If unresolved, disputes shall be submitted to binding arbitration under the rules of [AAA / JAMS] in [CITY, STATE]. This Agreement is governed by the laws of [STATE / PROVINCE].","Choosing arbitration without specifying the administering body or its rules. Courts have refused to enforce arbitration clauses where the chosen forum is undefined, defaulting the dispute to litigation — the more expensive outcome the clause was meant to avoid.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Broker's duties and representations","Outlines the specific services the broker is obligated to provide — listing on MLS, marketing activities, open houses, offers presentation — and confirms the broker's license is in good standing.","Broker agrees to: (a) list the Property on [MLS NAME] within [3] business days of execution; (b) conduct a minimum of [X] open houses per month; (c) present all written offers to Principal promptly; and (d) maintain an active real estate broker license in [STATE] throughout the term.","Listing duties in vague terms like 'best efforts marketing.' Without specific deliverables, sellers cannot establish a breach when the broker underperforms, and agents cannot demonstrate they fulfilled their obligations in a commission dispute.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Principal's obligations and non-interference","States what the seller or buyer must do to support the transaction — providing access, disclosures, and accurate information — and prohibits the principal from circumventing the broker to avoid commission.","Principal agrees to: (a) provide Broker reasonable access to the Property upon [24]-hour notice; (b) promptly deliver all required disclosures and title documents; and (c) refer all inquiries from prospective buyers to Broker. Principal shall not negotiate directly with any party introduced by Broker in a manner intended to circumvent Broker's commission entitlement.","Omitting the non-circumvention obligation. Without it, a seller can accept an offer directly from a buyer the broker introduced, then argue the broker was not the procuring cause — triggering an expensive and uncertain dispute.",[331,336,341,346,351,356,361,366],{"step":332,"title":333,"description":334,"tip":335},1,"Identify the parties and the property","Enter the full legal name of the seller or buyer (principal) and the licensed brokerage entity — not the individual agent's name. Include the property's street address and, if available, its legal description from the title report or prior deed.","Confirm the brokerage's license number in your state real estate commission's online registry before execution — an unlicensed party cannot legally claim commission in any US state.",{"step":337,"title":338,"description":339,"tip":340},2,"Select the listing type and exclusivity level","Choose exclusive right to sell, exclusive agency, or open listing based on what you have negotiated. Write the listing type explicitly in plain language in the agreement body — do not rely on a checkbox alone.","For most residential transactions, brokers require exclusive-right-to-sell. If a seller insists on retaining the right to sell independently to a named buyer, add a named-exclusion addendum rather than downgrading to exclusive agency.",{"step":342,"title":343,"description":344,"tip":345},3,"Set the commission rate and calculation base","Enter the commission percentage or flat fee and specify the base — gross sale price before credits, net proceeds after credits, or total base rent for a lease. Address what happens to the commission if seller concessions reduce the net proceeds.","State the currency and confirm whether the rate includes or excludes GST, HST, or VAT if the transaction occurs in Canada, the UK, or the EU.",{"step":347,"title":348,"description":349,"tip":350},4,"Define the triggering event clearly","Choose 'close of escrow' as the triggering event for most residential deals. If you intend to use 'procuring cause' or 'execution of binding purchase contract,' have a real estate attorney review the clause for your jurisdiction before execution.","Avoid the ready-willing-and-able standard unless you are the broker — it can create commission liability on deals the seller walks away from for legitimate reasons.",{"step":352,"title":353,"description":354,"tip":355},5,"Set the term, holdover period, and protected-buyer list process","Enter the listing start and end dates. Set a holdover period of 90–180 days. Include a requirement that the broker deliver a written list of Protected Buyers within 10 business days of expiration.","A shorter holdover period (90 days) is more seller-friendly; brokers typically request 180 days. The protected-buyer list requirement is essential — include it regardless of which period you agree on.",{"step":357,"title":358,"description":359,"tip":360},6,"Address co-brokerage and referral splits","State whether the listing broker will offer a co-brokerage split through the MLS and the exact percentage. If a referral fee is owed to a third broker who introduced the client, document it here or in a separate referral agreement executed simultaneously.","In post-NAR-settlement markets (US, 2024 onward), buyer-agent compensation is no longer automatically offered through MLS — confirm your state's current co-brokerage disclosure requirements before completing this section.",{"step":362,"title":363,"description":364,"tip":365},7,"Complete the dispute resolution clause","Choose mediation-then-arbitration for lower cost, or litigation if your jurisdiction's courts are efficient and the transaction value warrants it. Name the administering body (AAA, JAMS, or your local real estate board's arbitration panel) and specify the city and state for proceedings.","Many state real estate association standard forms require NAR arbitration — check whether your agreement must conform to association membership rules before substituting a different forum.",{"step":367,"title":368,"description":369,"tip":370},8,"Sign before the listing goes live or buyer engagement begins","Both the principal and an authorized signatory of the brokerage must sign before any marketing activity begins or any buyers are introduced. Post-listing signatures raise enforceability questions in commission disputes.","Use timestamped electronic signatures and retain a fully executed copy in your transaction management system — DocuSign or Business in a Box eSign both produce audit trails courts accept as evidence.",[372,376,380,384,388,392],{"mistake":373,"why_it_matters":374,"fix":375},"Using the agent's name instead of the licensed brokerage entity","Commission is legally earned by the licensed brokerage, not the individual agent. An agreement naming only the agent may be unenforceable, leaving the brokerage unable to collect payment through any formal channel.","Enter the brokerage's full legal registered name and license number as the contracting party. Reference the individual agent's name and license number separately as the authorized representative.",{"mistake":377,"why_it_matters":378,"fix":379},"Triggering commission at 'ready, willing, and able buyer' rather than close of escrow","Courts in several US states have enforced commission claims against sellers who terminated deals after a buyer was procured — even when the deal failed for reasons outside the seller's control. The seller owes commission on a transaction that never closed.","Define the trigger as 'close of escrow' or 'transfer of title.' Add explicit language stating no commission is owed if the transaction fails to close due to buyer default, lender refusal, or title defect, unless the seller is the defaulting party.",{"mistake":381,"why_it_matters":382,"fix":383},"No written protected-buyer list after expiration","Without a written list, the holdover clause can technically apply to any buyer the seller meets post-expiration, creating perpetual and unprovable commission exposure that chills the seller's ability to relist with a new broker.","Require the broker to deliver a written, dated list of Protected Buyers within 10 business days of agreement expiration. Commission liability for holdover buyers is limited to buyers on that list.",{"mistake":385,"why_it_matters":386,"fix":387},"Verbal co-brokerage splits with cooperating brokers","Commission splits between brokers are unenforceable when made orally in most jurisdictions. A cooperating buyer's broker who closes a deal on a verbal 2.5% split has no legal basis to compel payment if the listing broker disputes the amount.","Execute a written co-brokerage agreement or confirm the split in a signed offer acceptance form before the cooperating broker presents the buyer. MLS offer-of-compensation entries do not substitute for a signed agreement in all jurisdictions.",{"mistake":389,"why_it_matters":390,"fix":391},"Omitting broker duties and marketing deliverables","A vague 'best efforts' obligation gives a seller no basis to terminate for underperformance, and gives the broker no documented proof they met their obligations if the seller refuses to pay commission.","List specific, measurable duties: MLS listing within 3 business days, minimum number of showings or open houses per month, timeline for presenting all written offers, and professional photography within 5 days of execution.",{"mistake":393,"why_it_matters":394,"fix":395},"No automatic-renewal cap or opt-out notice requirement","An agreement that auto-renews indefinitely can trap a seller in a listing relationship long after they intended to terminate, particularly when the auto-renewal clause is buried in the boilerplate.","Cap automatic renewals at one 30-day extension and require written notice from either party at least 15 days before expiration to prevent renewal. Print the opt-out deadline on the signature page.",[397,400,403,406,409,412,415,418,421],{"question":398,"answer":399},"What is a real estate commission agreement?","A real estate commission agreement is a legally binding contract between a property owner or buyer (the principal) and a licensed real estate broker that defines when commission is earned, how it is calculated, and when it must be paid. It establishes the broker's right to compensation for procuring a buyer, seller, or tenant and protects both parties by setting clear terms before any marketing or representation begins.\n",{"question":401,"answer":402},"How is real estate commission typically calculated?","Commission is most commonly expressed as a percentage of the gross sale price — historically 5–6% in the US residential market, though this varies significantly by market and transaction type. Commercial leasing commissions are often calculated as a percentage of total base rent over the initial lease term. Flat-fee arrangements are also used, particularly for lower-priced properties or limited-service listings. Always specify the calculation base in writing to avoid disputes.\n",{"question":404,"answer":405},"Is a real estate commission agreement legally required?","In most US states, real estate commission agreements must be in writing and signed by both parties to be enforceable — oral commission agreements are specifically voided by the Statute of Frauds in many jurisdictions. In Canada, provincial real estate legislation typically requires written representation agreements. In the UK and EU, written agency agreements are standard practice and required under most professional regulatory frameworks. Without a signed agreement, a broker's ability to pursue unpaid commission through the courts is severely limited.\n",{"question":407,"answer":408},"What is the difference between an exclusive right to sell and an exclusive agency listing?","An exclusive right to sell entitles the broker to commission regardless of who procures the buyer — including the seller themselves. An exclusive agency listing allows the seller to find their own buyer and sell without owing commission, but any other broker who procures a buyer still triggers commission. Exclusive right to sell is the most common structure for residential listings because it eliminates disputes over who procured the buyer. Most brokers will not accept an exclusive agency arrangement on a standard listing.\n",{"question":410,"answer":411},"What is a holdover clause and how long should it last?","A holdover clause entitles the broker to commission if the property sells to a buyer introduced during the listing period within a set number of days after the agreement expires. It protects brokers from sellers who wait out the listing period to sell privately to a buyer the broker found. Holdover periods typically range from 90 to 180 days. Sellers should insist on a written protected-buyer list delivered within 10 days of expiration to limit their exposure to buyers they can actually identify.\n",{"question":413,"answer":414},"What changed about real estate commissions after the NAR settlement in 2024?","The 2024 NAR settlement eliminated the requirement for sellers to offer buyer-agent compensation through MLS in the United States. Buyer-agent commission is now negotiated separately between buyers and their agents, often documented in a Buyer Representation Agreement. Sellers can still choose to offer buyer-agent compensation as a concession, but it must be disclosed outside the MLS. This change makes written commission agreements — particularly buyer-agent agreements — more important than ever, as verbal arrangements are no longer supported by standard MLS practice.\n",{"question":416,"answer":417},"Can a seller cancel a real estate commission agreement?","Cancellation rights depend on the agreement's terms and the applicable jurisdiction. Most agreements allow either party to terminate with written notice, but termination does not eliminate the seller's commission obligation for transactions initiated during the listing period or involving protected buyers during the holdover period. Some US states grant consumers a 3-day right of rescission on certain types of service agreements. In Canada and the UK, contract law principles apply — termination for convenience may still trigger a claim for quantum meruit (reasonable value of services rendered) if the broker has already performed meaningful work.\n",{"question":419,"answer":420},"Do I need a lawyer to review a real estate commission agreement?","For standard residential listings with a straightforward commission rate and a reputable brokerage, a high-quality template reviewed by an experienced agent is often sufficient. Legal review is recommended when the commission exceeds $50,000, the transaction involves commercial property, the holdover or exclusivity terms are complex, a co-brokerage or referral arrangement is part of the deal, or the property crosses jurisdictions. A real estate attorney typically charges $200–$500 for a commission agreement review.\n",{"question":422,"answer":423},"What happens if a buyer refuses to pay their agent's commission after the NAR settlement?","In a post-settlement market, the buyer's obligation to pay their agent is governed by a signed Buyer Representation Agreement. If the buyer refuses to pay and the seller has not offered to cover buyer-agent compensation as a concession, the broker's recourse is to pursue the buyer under the representation agreement — which is why written buyer-agent commission agreements are now essential before any property is shown. Without a signed agreement, the buyer's broker has no written basis to compel payment from either party.\n",[425,429,433,437],{"industry":426,"icon_asset_id":427,"specifics":428},"Residential real estate","industry-real-estate","Percentage-of-sale-price commissions, MLS co-brokerage offers, buyer-agent agreements, and holdover clauses are the standard structure for residential listings and purchases.",{"industry":430,"icon_asset_id":431,"specifics":432},"Commercial real estate","industry-commercial-real-estate","Leasing commissions based on total base rent, tenant-rep agreements, landlord-rep agreements, and co-brokerage splits between listing and tenant brokers are the dominant structures for office, retail, and industrial deals.",{"industry":434,"icon_asset_id":435,"specifics":436},"Property development","industry-construction","New construction commission agreements typically use tiered or flat-fee structures, volume incentives for agents selling multiple units, and require agents to use developer-approved contracts and disclosure packages.",{"industry":438,"icon_asset_id":439,"specifics":440},"Property management","industry-property-management","Leasing commissions for residential and commercial property management firms are often structured as one month's rent for a new lease and half a month's rent for a renewal, documented in a property management commission addendum.",[442,446,449,452],{"vs":443,"vs_template_id":444,"summary":445},"Listing Agreement","D{LISTING_AGREEMENT_ID}","A listing agreement is a comprehensive contract that governs the entire broker-seller relationship — including marketing obligations, seller duties, MLS authorization, and lockbox consent — of which the commission terms are one component. A real estate commission agreement focuses specifically on the financial terms of compensation and is often used as a standalone addendum or in commercial and co-brokerage contexts where a full listing agreement is not applicable.",{"vs":224,"vs_template_id":447,"summary":448},"D{BUYER_REP_AGREEMENT_ID}","A buyer representation agreement documents the agent-buyer relationship — duties, exclusivity, and how buyer-agent commission will be paid — and is now standard practice in the US post-NAR settlement. A real estate commission agreement is broader and covers seller-side, co-brokerage, referral, and commercial arrangements in addition to buyer-agent compensation.",{"vs":232,"vs_template_id":450,"summary":451},"D{REFERRAL_AGREEMENT_ID}","A referral agreement governs a one-time fee paid by one agent to another for introducing a client who completes a transaction. A commission agreement governs the primary representation relationship and the full compensation structure. Referral fees are a subset of the broader commission ecosystem and require their own standalone written agreement to be enforceable.",{"vs":453,"vs_template_id":454,"summary":455},"Independent Contractor Agreement (Agent)","independent-contractor-agreement-D160","An independent contractor agreement for a real estate agent governs the overall brokerage-agent relationship — duties, expenses, licensing, and termination — while an internal commission split agreement (a variant of the commission agreement) governs how each transaction's commission is divided between the brokerage and the agent. Both documents are typically required when onboarding a new agent.",{"use_template":457,"template_plus_review":461,"custom_drafted":465},{"best_for":458,"cost":459,"time":460},"Standard residential listings, buyer-agent agreements, and internal commission splits with clear percentage terms","Free","15–30 minutes",{"best_for":462,"cost":463,"time":464},"Commercial transactions, co-brokerage arrangements, commissions above $50,000, or agreements crossing state or provincial lines","$200–$500","1–3 business days",{"best_for":466,"cost":467,"time":468},"Complex multi-party commercial deals, developer commission programs for large projects, or disputes requiring a litigation-ready commission structure","$800–$3,000+","1–2 weeks",[470,475,480,485],{"code":471,"name":472,"flag_asset_id":473,"note":474},"us","United States","flag-us","Real estate commission agreements must be in writing and signed to be enforceable in virtually every US state under the Statute of Frauds. Commission rates are negotiable — no legal minimum or maximum applies. Following the 2024 NAR settlement, MLS-mandated buyer-agent compensation offers are prohibited; buyer-agent commission must be negotiated separately and documented in a signed buyer representation agreement before any property is shown. Net listings are prohibited in California, Florida, and several other states. Non-resident brokers may need to co-broker with a locally licensed broker to collect commission lawfully.",{"code":476,"name":477,"flag_asset_id":478,"note":479},"ca","Canada","flag-ca","Each province regulates real estate through its own legislation — REBBA in Ontario, RESA in British Columbia, and equivalent statutes in other provinces. Written representation agreements are required by law in Ontario and BC before a registrant may offer services. Commission is subject to GST or HST at the applicable provincial rate, and the agreement should specify whether the stated commission is inclusive or exclusive of tax. Quebec agreements must be drafted in French for provincially regulated transactions, or in bilingual form.",{"code":481,"name":482,"flag_asset_id":483,"note":484},"uk","United Kingdom","flag-uk","Estate agents in England and Wales are governed by the Estate Agents Act 1979 and the Consumer Protection from Unfair Trading Regulations 2008. Written terms of business including commission rate and payment triggers must be provided before marketing begins. Commission is subject to VAT at 20% and the agreement should state whether the quoted rate is VAT-inclusive. Scotland operates under separate property law, including the mandatory use of Home Reports and a distinct offer process that affects when commission is triggered.",{"code":486,"name":487,"flag_asset_id":488,"note":489},"eu","European Union","flag-eu","Real estate agency regulation varies significantly by member state — Germany, France, Spain, and the Netherlands each have distinct licensing requirements, standard commission structures, and disclosure obligations. In Germany, buyer and seller commissions are often split equally and are governed by BGB contract principles. GDPR applies to the personal data collected during the listing and buyer-identification process, requiring a lawful basis for processing. Agreements covering cross-border EU property transactions should specify the governing law of the jurisdiction where the property is located.",[454,491,492,493,494,495,496,497,498,499,500,501],"non-disclosure-agreement-nda-D12692","service-agreement-D12711","letter-of-intent_acquisition-of-business-D5197","partnership-agreement-D12551","referral-agreement-D13279","property-management-agreement-D1196","employment-agreement_at-will-employee-D541","consulting-agreement---long-D12543","memorandum-of-understanding-D12548","exclusive-lease-agreement-D12808","exclusive-sollicitation-sales-commission-agreement-D1242",{"emit_how_to":185,"emit_defined_term":185},{"primary_folder":109,"secondary_folder":504,"document_type":505,"industry":506,"business_stage":507,"tags":508,"confidence":512},"real-estate-and-leases","agreement","real-estate","all-stages",[506,509,505,510,511],"commission","legal","contract",0.95,"\u003Ch2>What is a Real Estate Commission Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Real Estate Commission Agreement\u003C/strong> is a legally binding contract between a property owner or buyer (the principal) and a licensed real estate broker or agent that establishes the terms under which commission is earned, calculated, and paid in connection with a real estate transaction. It defines the commission rate and the base to which it applies, identifies the specific event that triggers payment — typically close of escrow — and sets the scope of the broker's authority, including exclusivity, holdover rights, and co-brokerage arrangements. Unlike a general listing agreement, which governs the full scope of the broker-seller relationship, a commission agreement zeroes in on the financial and enforcement mechanics of compensation, making it essential in commercial transactions, co-brokerage deals, and any situation where payment terms need to stand alone as an enforceable document.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a written commission agreement, a broker has no enforceable basis to collect payment in the event of a dispute — oral commission agreements are void under the Statute of Frauds in most US states and equivalent legislation in Canada and the UK. The consequences are concrete: a seller who terminates a listing and sells privately to a buyer the broker introduced faces no legal obligation to pay if there is no signed holdover clause; a cooperating buyer's broker who closes a deal on a verbal split has no recourse if the listing broker refuses to share. For sellers, an unsigned or vague agreement creates the opposite problem — undefined triggering events can generate commission liability on deals that never close. A clearly drafted Real Estate Commission Agreement protects agents by documenting their entitlement, protects sellers by capping their exposure, and gives both parties a dispute resolution mechanism that is faster and cheaper than litigation. This template gives you an attorney-reviewed starting point that covers every material term in one document, ready to execute before marketing begins or any buyer is introduced.\u003C/p>\n",1781185989857]