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303-232-7007 www.edlw.com 1675 Carr St. Ste. 101S Lakewood, CO 80214 INDEPENDENT CONTRACTOR AGREEMENT |
| This agreement is made this ____day of _________________, 200__, by |
| and between Edelweiss Realty Co. and ______________________________, hereinafter |
| referred to as the Associate. |
| It is mutually agreed as follows: |
| 1. | Edelweiss Realty Co. shall pay to the Associate: |
| a. | 100% of commission for sales of Associate's own listing. When the associate's listing | |
| is sold by another Edelweiss Realty Co. Associate, the commission shall be divided | ||
| equally or an amount not less than the amount offered to co-op Agents. | ||
| b. | 100% of commission from all co-op transactions. |
| 2. | Office and transaction fees |
| a. | Associate agrees to pay in advance $160.00 per month as reimbursement for general | |
| office costs. All fees due to Metrolist shall also be billed to individual Associates. | ||
| b. | Payments shall become due on the 15th of the month. | |
| c. | Associate agrees to pay a $125.00 transaction fee for each transaction closed. | |
| d. | Associate agrees to pay the cost of all advertising occurred in connection with his/her own | |
| listing or when prospecting for his/her own buyers. |
| 3. | Independent Contractor status |
| a. | Associate shall have independent contractor status. There shall be no withholding of funds | |
| from the Associate's earnings for taxes or Social Security and Associate agrees to pay | ||
| them himself/herself. |
| 4. | Realtor membership |
| a. | Associate shall be a Realtor, and conduct his/her activities in a personal manner, in | |
| conformance with Colorado law, Colorado Association of Realtors Code of Ethics, the | ||
| By-laws of their particular Realtor Organization, and Multiple Listing Service (Metrolist and | ||
| Ires included) rules. |
| 5. | Errors and Omissions Insurance |
| a. | Each Associate shall pay cost and maintain the minimum amount of Errors and Omissions | |
| as prescribed by the Colorado Real Estate Commission and provide proof of payment to | ||
| Edelweiss Realty Co. immediately after each payment. |
| __________________________________________________________________________ |
| Signature of Associate Social Security Number Telephone Number Signature of Sponsor |
| __________________________________________________________________________ |
| Address Number and Street City Zip Signature of Supervising Broker |
| Associate is currently a member of ______________(Realtor Organization). |
| On __________,200__Realtor application was sent to ______________(Realtor Organization) |
| Real Estate License No ______________Expiration Date ______________. |