10 tips for managing independent contractor relationships with your sales agents. Effective August 28, 2024, a new law impacting the independent contractor relationship between a broker and associated licensees will go into effect.Listing Agreements Exclusive Right to Sell Exclusive Agency Open Listing Net Listing Buyer Agency Agreements. The contractor agreement defines the commission split, the agent's licensure requirements, and the expenses each party is responsible for. A contract is whatever the two parties agree to it. There is no such thing as standard contract in the sense that you have to use this. Parties: Listing broker and sales licensee. It is the obligation of a license holder to be knowledgeable and competent as a real estate brokerage practitioner. The purpose of this Independent Contractor Agreement is to outline the professional relationship between a real estate broker and an associate-licensee.