Insurance Requirements. 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. The contractor agreement defines the commission split, the agent's licensure requirements, and the expenses each party is responsible for. Fulton County School System. Parties: Listing broker and sales licensee. For example, the broker must have rights to list the property in the MLS and allow the MLS to make IDX listings available to other brokers. Q: You said the real estate agent often plays an active role in the preparation of the contract between the parties. Seneca Falls, NY 13148.