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. Having a written independent contractor agreement is a fundamental element of successfully managing this relationship. (b) License Renewal; Continuing Education; Dues: Associate will be responsible for timely renewing. Check out our independent contractor agreement real estate selection for the very best in unique or custom, handmade pieces from our templates shops. In simple words, a co-broker agreement is an agreement between competing brokers who work together to sell a property. The independent contractor status is typically outlined in a written agreement between the agent and the broker.