Employment Contract
Create a legally binding Ohio Real Estate Agent Employment Contract. Comply with Ohio Rev. Code § 1335.05, RESPA, and Fair Housing regulations.
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In the high-stakes Ohio real estate market, a generic agreement is insufficient to manage common liabilities like commission disputes and fiduciary duty breaches. This specialized contract ensures... Read more
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In the high-stakes Ohio real estate market, a generic agreement is insufficient to manage common liabilities like commission disputes and fiduciary duty breaches. This specialized contract ensures compliance with Ohio Rev. Code Ann. § 4112.02 and the Ohio Consumer Sales Practices Act. By clearly defining agency structures, MLS access responsibilities, and escrow handling, you mitigate the risk of litigation and set clear expectations for both the brokerage and the agent. Our generator helps you navigate at-will employment principles and the Ohio Statute of Frauds (ORC § 1335.15) regarding long-term agreements.
Beyond the standard employment contract sections, this template adds fields specific to Real Estate Agent:
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.
Disclosure Violations
Using detailed disclosure forms and checklists mandated by state laws to ensure all known defects and issues with a property are disclosed to the buyer.
Breach of Fiduciary Duty
Drafting clear agency agreements that outline responsibilities and obtaining written consent for any conflicts of interest.
Commission Disputes
Clearly stated commission structures in listing agreements, along with detailed descriptions of services provided.
For this employment contract to be legally valid:
Common mistakes to avoid:
Real Estate Settlement Procedures Act (RESPA)
Governs real estate transactions involving a federally related mortgage loan, ensuring transparency regarding settlement costs.
Enforced by Consumer Financial Protection Bureau (CFPB)
Fair Housing Act
Prohibits discrimination in housing activities, including real estate transactions.
Enforced by U.S. Department of Housing and Urban Development (HUD)
State Real Estate Commission Regulations
Each state has its own real estate commission that provides rules for licensure and professional conduct for real estate agents.
Enforced by State Real Estate Commissions (varies by state)
Recommended coverage: Errors & Omissions Insurance (E&O) · General Liability Insurance
Under Ohio Rev. Code Ann. § 1335.05 and § 1335.15, employment contracts intended to last more than one year must be in writing to be enforceable. Furthermore, because real estate transactions involve technical legal requirements, having a written agreement is essential for proving the terms of commission and the scope of the agent's fiduciary duties.
Yes. This contract accounts for Ohio's at-will employment standards while allowing for specific termination notice periods. It also provides for non-compete and non-solicitation clauses; however, we ensure these are drafted carefully to comply with Ohio's 'reasonableness' standard to avoid being rendered unenforceable.
The contract includes standard language requiring strict adherence to the Real Estate Settlement Procedures Act (RESPA) to prevent illegal kickbacks and ensures compliance with federal and Ohio Fair Housing laws (ORC § 4112.02) concerning non-discrimination in housing activities.
State laws affect what must be in this document. Pick your jurisdiction.
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