REAL ESTATE AGREEMENT

       PASHA REAL ESTATE BROKERAGE, INC

                                      1429 S Wilshire Ave

                         Mountain House, CA 95391

                                   Phone: (925) 984-6606

                           Rizwan.pasha@gmail.com

REAL ESTATE AGREEMENT

BETWEEN

PASHA REAL ESTATE BROKERAGE INC

(“THE BROKER”)

AND

________________________________________________________

(“THE ASSOCIATE-LICENSEE”)

__________________________________________________________________________________

THIS AGREEMENT is made on the …………..day of……….20……., by the Broker, a California licensed real estate broker and the Associate-Licensee, a California licensed real estate salesperson (collectively referred to as “Parties” or individually as “Party”) and includes that Party’s successors and assigns.

In consideration of mutual promises, Parties agree to the following terms and conditions and to be bound thereby:

  1.  

This agreement shall be valid from the date of execution until termination.

The Associate-Licensee shall;

  • roper reporting by opening a new transaction, making changes, uploading documents, writing notes in the transaction file on the Broker’s Website, or emails updated status. 
  • shall not advertise without the Broker’s consent. The Broker is not liable for any advertising done by Associate-Licensee on its behalf.
  • cannot directly receive any compensation for performing real estate business without Broker’s approval, e.g., under Broker Price Opinions (BPO), where he may receive the checks from the BPO’s submitted Company. If the amount per month is $495 or less, the Broker will not charge any fee, but if they are more, a fee of 10% will be charged, and the remaining 90 % goes to the Associate-Licensee.
  • Within 48 hours of the lease start date, all essential documents must be submitted to the Broker.
  • Either Party may terminate this agreement at any time.
  • The termination of this agreement shall not discharge liabilities accumulated by either Party.
  • Any clauses intended to survive the termination of this agreement shall survive the termination of this agreement e.g. payments of money owed or deductions.

The relationship of the parties hereto is that of an independent Contractor. Accordingly, the parties hereto are not deemed agents, partners, or joint venturers of the others for any purpose due to this agreement or the transactions contemplated thereby. The Broker is not required to pay, or make any contributions to, any social security, local, state or federal tax, unemployment compensation, workers compensation, insurance premium, profit-sharing, pension or any other employee benefit for the Associate-Licensee during the term. The Associate-Licensee is responsible for paying and complying with reporting requirements for, all local, state and federal taxes related to payments made to them under this agreement. 

The Associate-Licensee agrees that any intellectual property and associated rights owed or developed by the Broker, solely or jointly with others, during the subsistence of this agreement, are the Broker’s exclusive property. The Associate-Licensee will enjoy a non-exclusive limited use license of the Broker’s intellectual property.

The Associate-Licensee shall not transfer or assign this agreement without the Broker’s consent but the Broker may transfer or assign this agreement without the Associate-Licensee’s consent.

Upon the expiration or termination of this agreement, the Associate-Licensee will return to the Broker any property, documentation, records, or confidential information which is the property of the Broker and shall discontinue use of any of the Broker’s property e.g. name and logo.

  1.  

Any dispute under this agreement shall be resolved by Arbitration. Nothing in this section shall be construed as limiting the Court’s jurisdiction.

  1.  

The Associate-Licensee’s shall not at any time disclose, directly or indirectly to any other person whatsoever (including to the public or any section of the public) any information concerning this agreement or any additional information of any nature whatsoever concerning the Broker, whether such information or matter is stated to be confidential or not, without the express written permission of the Broker.

  1.  
  • The provisions of this agreement are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision.
  • This agreement constitutes the entire agreement between the parties. It supersedes all prior oral or written agreements or understandings between the parties concerning the subject matter of this agreement.
  • Parties may alter this agreement subject to a written document signed by all parties.
  • Except where otherwise provided, failure by either Party to enforce any of these terms or conditions shall not be a waiver of their right to enforce them.
  • This agreement may be executed in counterparts, each of which shall be an original, all of which shall constitute the same instrument.
  • The article and section headings in this agreement are for convenience; they form in no part of this agreement and shall not affect its interpretation.
  • The Parties will exercise utmost good faith in this agreement.
  • If any ambiguity is found in the agreement, the Parties shall issue any necessary clarification.
  • Parties shall be served through the following addresses; either Party may change their addressees by reasonable written notice given to the other Party.

BROKER: 1429 S Wilshire Ave

                       Mountain House, CA 95391

                        Phone: (925) 984-6606

                         Rizwan.pasha@gmail.com

ASSOCIATE-LICENSEE:     ___________________________________________

___________________________________________

  • This agreement shall be governed by the California State Laws excluding its conflict-of-laws principles.

IN WITNESS WHEREOF, the Parties have executed this agreement, as set below.

Signed by the BROKER   Signature: ……………………………………………….   Name: ……………………………………………………   Designation: ……………………………………………   Date:……………………………………… Signed by the ASSOCIATE-LICENSEE     Signature : ………………………………………………   Name: ……………………………………………………   Date:…………………………………………….……      

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