ACCOUNT_JOB_COMPANY
ACCOUNT_JOB_ADDRESS_SINGLE_LINE
ACCOUNT_EMAIL ACCOUNT_PHONE_NO
07 January 2025
SALES_ASSOCIATE
[Address]
Dear SALES_ASSOCIATE
Re: Commission Split Agreement
We are pleased to confirm the terms of your engagement with ACCOUNT_JOB_COMPANY ("we" or "us") as a licensed real estate sales associate. This letter outlines the agreement regarding your commission structure, responsibilities, and other relevant terms.
You will be entitled to a percentage of commissions earned from completed real estate transactions, as follows:
Standard Transactions: COMMISSION% of gross commissions earned by us.
Self-Generated Transactions: COMMISSION_SELF_GENERATED% of gross commissions from clients directly procured by you.
All commission splits are calculated after deducting any applicable referral fees, transaction fees, or other costs agreed upon prior to the transaction.
Commissions will be paid to you only after we have received the full payment of the relevant commission from the client or any other third party involved in the transaction. Payment will be made within 10 business days of receipt, provided all applicable deductions and reconciliations are completed.
You understand this agreement has been entered into solely for the purpose of dividing the commission fees.
You are engaged as an independent contractor and not as an employee of our brokerage. Nothing in this agreement shall be construed to create a partnership, joint venture, or employer-employee relationship. You:
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