What is a sales agent agreement?

A sales agency agreement defines what the terms are when a sales agent acts as an independent contractor for a company. They will promote the company's services or products in exchange for the commission on each sale that comes through. This contract is very similar to a general independent contractor agreement.

What would qualify an agent as the procuring cause of a sale?

The "procuring cause" of a real estate transaction is the agent whose actions and efforts result in the sale of a property. It's the agent who ultimately caused the buyer to purchase the home. As such, that agent is entitled to compensation in the form of a commission.

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General Sales Agency Agreement

Santa Clara California General Sales Agency Agreement

Name: Santa Clara California General Sales Agency Agreement
Brand: US Legal Forms
Rating: 4.86 (234 reviews)

Category:

Contracts - Agency

State:

Multi-State

County:

Santa Clara

Control #:

US-00718BG

Format:

Instant download

Description

Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.

The term agency is often used in other ways. For example, the term is used sometimes to show that a person has the right to sell certain products. A very important aspect of the law of agency deals with determining the scope of the agent's authority.

In this form, the agent only has authority to solicit orders and has no authority, right or power to accept any order, or to assume or create any obligation on behalf of the principal. In this form, the salesman receives as compensation a commission on sales, but no salary.

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If your company pays commissions to employees for providing services, the law requires you to have written contracts setting forth how the commission amounts will be computed and paid. Additionally, your employee must be provided an executed copy of the contract.

The enclosed document is an exclusive sales representative agreement. This means that the company is not entitled to hire additional representatives to sell the same products. If you want to make sure that the company can have more than one sales representative for its products, you should not use this agreement.

A commission agreement form includes some important information. It should contain the name and address of the business. Also, it should contain the name of the agent or employee involved in the contract. Finally, it should contain all the details of the commission-based payment.

A sales agency agreement defines what the terms are when a sales agent acts as an independent contractor for a company. They will promote the company's services or products in exchange for the commission on each sale that comes through. This contract is very similar to a general independent contractor agreement.

He is a real estate broker and author of multiple books on the topic. Learn about our editorial policies. Updated on November 16, 2019. A procuring cause in real estate occurs when a real estate agent or broker produces a buyer for a property, and can sometimes lead to disputes with other agents.

Procuring cause refers to the legal cause of action a broker has to recover their commission. The procuring cause doctrine applies in commercial and residential real estate contexts, and even to brokered sales outside of real estate such as aircraft and yacht sales.

What is Procuring Cause? The National Association of REALTORS® defines procuring cause as the uninterrupted series of events that results in the successful transaction. There is no single action that makes an agent the procuring cause.

A Commission Agreement is a contract between an employer and an employee for work paid on commission. The Agreement is helpful for both employer and employee as it outlines the details of the work relationship.

The procuring cause doctrine is a default rule for interpreting a contract that is silent regarding the intent of the parties regarding post-termination commissions. The default rule is that such commissions must be paid irrespective of whether the employee is employed at the time the commission is to be paid.

The "procuring cause" of a real estate transaction is the agent whose actions and efforts result in the sale of a property. It's the agent who ultimately caused the buyer to purchase the home. As such, that agent is entitled to compensation in the form of a commission.

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Santa Clara California General Sales Agency Agreement

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