A broker agent agreement template should define the parties, work, authority, payment, confidentiality, records, termination and dispute process. It should also state whether the agent can bind the broker or communicate with clients on the broker’s behalf.
The template must fit the real relationship. Labels do not decide whether a person is an employee or contractor, so obtain legal and tax advice before use.
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Terms to define
- scope of authority and prohibited actions
- service standards, supervision and reporting
- fees, commission timing and approved expenses
- client ownership, privacy and record access
- notice, termination and handover duties
Put the agreement into operation
Record assigned clients and work in the approved CRM systems. Limit access to what the agent needs and check completed work. Review the agreement when duties, remuneration or regulatory obligations change.
