The SCR Independent Contractor Agreement:
https://www.screaltors.org/wp-content/uploads/Forms/501.pdf
The SCR Sales Associate Application:
https://www.screaltors.org/wp-content/uploads/Forms/502.pdf
Your brokerage attorney can draft the compensation agreement between the BIC and the associated licensee…and the BIC and the associated team members. This is so individually tailored that no standard form can be written without being mostly blank lines that ideally the attorneys fill in for the parties.
The hotline often gets calls when a licensee is moving brokerages and departing their former brokerage and former team. Often the departure disputes (e.g., compensation, compensation split changes, referral fees, upfront fees, pendings, client wants to move with the licensee, client is in a legal agreement with the brokerage, solicitation, pendings, leads, listings, access to files, debts, accounts receivables, equipment, information, credit, photography/videography/copyright) have nothing in writing, so your your attorneys might also address this individually tailored situation.
Posted by: Byron King on 05/02/23 (This information is only accurate as of 05/02/23. You must contact SCR for updates and changes to this information after 05/02/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.