Employment Contract
Create a Georgia-compliant commercial real estate broker employment contract. Protect commissions, define non-competes under O.C.G.A. § 13-8-50, and manage at-will terms.
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In the high-stakes world of Georgia commercial real estate, a handshake is not enough to protect your commissions or your firm's proprietary cap rate data and LOI templates. This specialized... Read more
In the high-stakes world of Georgia commercial real estate, a handshake is not enough to protect your commissions or your firm's proprietary cap rate data and LOI templates. This specialized employment contract integrates the Georgia Restrictive Covenants Act (O.C.G.A. § 13-8-50) to ensure non-compete and non-solicitation clauses are enforceable, while clearly defining 'at-will' status under O.C.G.A. § 34-7-1. Whether you are managing triple net leases or complex industrial developments, this document mitigates misrepresentation claims and CAM charge disputes by establishing clear professional standards and compensation triggers.
Beyond the standard employment contract sections, this template adds fields specific to Commercial Real Estate Broker:
An employment contract establishes a formal employment relationship between an employer and an employee, outlining the terms and conditions of employment, rights, obligations, and responsibilities of both parties. It provides legal protection and clarity, ensuring compliance with employment laws and minimizing the risk of misunderstandings and disputes.
Misrepresentation claims
Detailed disclaimers in contracts stating that all representations are believed to be accurate but should be independently verified by clients.
Commission disputes
Clear agency agreements and commission schedules included in contracts outlining the fees and when they are earned.
For this employment contract to be legally valid:
Common mistakes to avoid:
Under O.C.G.A. § 34-7-1, Georgia is an at-will state, meaning either party can terminate the relationship for any legal reason. However, our contract ensures that earned commissions on pending LOIs or executed leases are clearly accounted for post-termination to prevent common industry disputes.
Yes, provided they comply with the Georgia Restrictive Covenants Act (O.C.G.A. § 13-8-50 et seq.). The contract must be reasonable in duration, geographic scope, and the specific brokerage activities restricted. We include language designed to meet these specific statutory requirements.
This agreement requires a detailed commission schedule to be attached, defining the exact 'trigger points' for payment—such as lease execution or tenant occupancy. It also mandates that brokers provide accurate disclosures regarding Common Area Maintenance (CAM) and Tenant Improvement (TI) allowances to mitigate liability for misrepresentation.
While these are federal regulations, our contract includes clauses requiring the broker to adhere to all CFPB guidelines, ensuring transparency in settlement services and financing disclosures during commercial transactions.
State laws affect what must be in this document. Pick your jurisdiction.
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