Employment Contract
Create a Michigan-compliant commercial real estate broker employment contract. Includes MCL 445.774a non-competes, Bullard-Plawecki disclosures, and RESPA compliance.
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In the high-stakes Michigan commercial real estate market, a generic agreement isn't enough to protect your firm from commission disputes or lease liability claims. This contract is engineered for... Read more
In the high-stakes Michigan commercial real estate market, a generic agreement isn't enough to protect your firm from commission disputes or lease liability claims. This contract is engineered for the unique risks of the CRE industry, protecting against misrepresentation claims and ensuring compliance with the Michigan Right to Work law (MCL 423.209). By integrating specific trigger points for Triple Net (NNN) lease commissions and Common Area Maintenance (CAM) negotiations, you establish professional clarity that mitigates the risk of litigation under the Michigan Consumer Protection Act and federal RESPA standards.
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 Michigan's Bullard-Plawecki Act (MCL 423.501), your broker has the legal right to inspect their personnel record. This contract includes mandatory disclosures regarding these records to ensure transparency and prevent administrative disputes over document access.
Yes, provided they meet the 'reasonableness' standard under MCL 445.774a. Our contract allows you to define specific geographical areas and durations that protect your firm's proprietary cap rate data and client lists without violating Michigan's unique labor statutes.
To address common industry pain points, this document includes clear 'trigger points' for earned commissions—such as the execution of a Letter of Intent (LOI) or the finalization of Tenant Improvement (TI) allowances—reducing ambiguity that often leads to claims of misrepresentation.
While commercial transactions have different thresholds than residential deals, this contract includes standard disclaimers ensuring all settlement services and credit disclosures align with CFPB regulations and the Michigan Statute of Frauds (MCL 566.132).
State laws affect what must be in this document. Pick your jurisdiction.
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