Standard Non-Compete Agreement - Only for Real Estate Agent Revenue Sharing and Per Transaction Recruiting

• Category: Confidentiality and Nondisclosure - Employment
• State: Multi-State
• Control #: US-70225NMS
• Format: Word; Rich Text

Description

A simple non-compete agreement stating that the Receipient is required to execute in order to retain the employment offer, specifically for Real Estate Agent Revenue Sharing and Per Transaction Recruiting A Standard Non-Compete Agreement — Only for Real Estate Agent Revenue Sharing and Per Transaction Recruiting is a legal agreement between a real estate agent and a broker or brokerage firm. This agreement outlines the responsibilities of both parties and the terms of their financial compensation, including revenue sharing and per transaction recruiting. This agreement is designed to protect the interests of the broker or brokerage firm by preventing the agent from competing with them in their respective market. It typically applies to agents who are paid on a commission basis, although other forms of payment may also be included. The agreement usually includes a clause that prohibits the agent from soliciting clients who are already known to the broker or brokerage firm, as well as from engaging in any activities which would negatively affect the broker or brokerage firm’s business. Types of Standard Non-Compete Agreement — Only for Real Estate Agent Revenue Sharing and Per Transaction Recruiting include: 1. Revenue Sharing Model — This type of agreement outlines the agreement between the agent and the broker or brokerage firm in terms of the agent’s financial compensation. The agreement specifies the percentage of revenue that the agent will receive from each transaction and the percentage that the broker or brokerage firm will receive. 2. Per Transaction Recruiting Model — This type of agreement outlines the agreement between the agent and the broker or brokerage firm in terms of the agent’s financial compensation. The agreement specifies the amount that the agent will receive for each transaction that they recruit to the broker or brokerage firm. 3. Non-Solicitation Model — This type of agreement prohibits the agent from soliciting clients who are already known to the broker or brokerage firm. It typically includes a clause that prohibits the agent from engaging in any activities which would negatively affect the broker or brokerage firm’s business.

A Standard Non-Compete Agreement — Only for Real Estate Agent Revenue Sharing and Per Transaction Recruiting is a legal agreement between a real estate agent and a broker or brokerage firm. This agreement outlines the responsibilities of both parties and the terms of their financial compensation, including revenue sharing and per transaction recruiting. This agreement is designed to protect the interests of the broker or brokerage firm by preventing the agent from competing with them in their respective market. It typically applies to agents who are paid on a commission basis, although other forms of payment may also be included. The agreement usually includes a clause that prohibits the agent from soliciting clients who are already known to the broker or brokerage firm, as well as from engaging in any activities which would negatively affect the broker or brokerage firm’s business. Types of Standard Non-Compete Agreement — Only for Real Estate Agent Revenue Sharing and Per Transaction Recruiting include: 1. Revenue Sharing Model — This type of agreement outlines the agreement between the agent and the broker or brokerage firm in terms of the agent’s financial compensation. The agreement specifies the percentage of revenue that the agent will receive from each transaction and the percentage that the broker or brokerage firm will receive. 2. Per Transaction Recruiting Model — This type of agreement outlines the agreement between the agent and the broker or brokerage firm in terms of the agent’s financial compensation. The agreement specifies the amount that the agent will receive for each transaction that they recruit to the broker or brokerage firm. 3. Non-Solicitation Model — This type of agreement prohibits the agent from soliciting clients who are already known to the broker or brokerage firm. It typically includes a clause that prohibits the agent from engaging in any activities which would negatively affect the broker or brokerage firm’s business.