Compensation Agreement Template For Real Estate Agents In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a date after which the income is actually earned. A Deferred Compensation Agreement is a contractual agreement in which an employee (or independent contractor) agrees to be paid in a future year for services rendered. Deferred compensation payments generally commence upon termination of employment (e.g., retirement) or death or disability before retirement. These agreements are often geared toward anticipated retirement in order to provide cash payments to the retiree and to defer taxation to a year when the recipient is in a lower bracket. Although the employer's contractual obligation to pay the deferred compensation is typically unsecured, the obligation still constitutes a contractual promise.
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FAQ
If you're planning to buy a home in Arizona, you'll now need to sign a buyer-broker agreement before touring properties with a real estate agent. This requirement is part of a nationwide change attached to a court settlement by the National Association of Realtors (NAR).
More info
This is intended to be a binding contract. Buyer Broker Compensation: Seller Broker agrees to compensate Buyer Broker in accordance with the terms and conditions below.Initial overview into these two forms with best practices for their use. Be written in clear and unambiguous language. Listing and Buyer Employment Agreements. Written in clear and unambiguous language. The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.