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The Real Estate Agent Independent Contractor Agreement is essential for Irish real estate brokerages engaging licensed agents as independent contractors rather than employees. This document is used when a brokerage wishes to establish a clear business relationship with a real estate agent while maintaining compliance with Irish employment law, PSRA regulations, and other relevant legislation. It covers crucial aspects such as commission structures, service scope, regulatory compliance, and professional obligations. The agreement is particularly important in the Irish context where property service providers must adhere to strict regulatory requirements under the Property Services (Regulation) Act 2011 and related regulations. It helps protect both parties by clearly defining their relationship, responsibilities, and rights while ensuring compliance with all relevant Irish legal and regulatory frameworks.

1. Parties: Identification of the brokerage firm and the independent contractor agent

2. Background: Context of the agreement and confirmation of agent's licensed status under PSRA

3. Definitions: Key terms including 'Services', 'Commission', 'Property', 'Client', 'PSRA', and other relevant terms

4. Independent Contractor Status: Clear establishment of independent contractor relationship and disclaimer of employment relationship

5. Agent Qualifications and Licensing: Requirements for maintaining PSRA license and other necessary qualifications

6. Scope of Services: Detailed description of real estate services to be provided

7. Commission Structure: Terms of payment, commission rates, and calculation methods

8. Responsibilities of the Agent: Specific duties, compliance requirements, and professional standards

9. Responsibilities of the Brokerage: Support, resources, and services provided by the brokerage

10. Compliance and Regulations: Obligations regarding PSRA regulations, AML requirements, and other applicable laws

11. Data Protection and Confidentiality: GDPR compliance and handling of confidential information

12. Insurance and Liability: Professional indemnity insurance requirements and liability provisions

13. Term and Termination: Duration of agreement and termination provisions

14. Post-Termination Obligations: Handling of ongoing transactions and return of property upon termination

15. General Provisions: Standard clauses including governing law, notices, and entire agreement