Tag: employment agreement

Form-of-the-Week: Designated Officer Employment Agreement, and Real Estate Team Agreement — Forms 511 and 512

A corporate broker uses RPI Form 511 to establish a corporate broker-officer’s duties and fee schedule for earnings as designated officer of the real estate corporation and licensees held under the same broker use RPI Form 512 to form a real estate team and establish each team member’s responsibilities and fee sharing. 

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Form-of-the-Week: Modification of Representation Agreement and Release and Cancellation of Employment Agreement — Forms 120 and 121

After entering into a representation agreement with a client, an agent uses the Modification of Representation Agreement to change the terms of the employment without canceling it and to terminate the authorization to represent, an agent uses the Release and Cancellation of Representation Agreement.

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