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The Real Estate Employment Contract is essential for formalizing employment relationships within Nigeria's real estate sector. This document is specifically designed for use when hiring real estate professionals, agents, or managers in Nigeria, ensuring compliance with both the Labour Act and real estate industry regulations. It should be used when establishing new employment relationships or updating existing contracts in the real estate sector. The contract covers crucial elements including commission structures, sales targets, property management responsibilities, and professional licensing requirements. It incorporates provisions required by Nigerian employment law while addressing industry-specific needs such as client confidentiality, property portfolio management, and sales performance metrics. This document is particularly important given the growing complexity of Nigeria's real estate market and the need for clear employment terms in the sector.

1. Parties: Identification of the employer (real estate company) and the employee with full legal names and addresses

2. Background: Context of the employment relationship and brief description of the company's real estate business

3. Definitions: Key terms used throughout the contract including specific real estate terminology

4. Appointment and Term: Official appointment, position title, and duration of employment (fixed-term or permanent)

5. Duties and Responsibilities: Detailed description of the employee's real estate duties, sales targets, and professional obligations

6. Licensing and Qualifications: Requirements for maintaining necessary real estate licenses and professional certifications

7. Compensation: Base salary, commission structure, and other financial benefits

8. Working Hours and Location: Work schedule, office location, and field work requirements

9. Compliance and Professional Conduct: Adherence to real estate regulations and company policies

10. Confidentiality: Protection of company information, client data, and property listings

11. Non-Competition: Restrictions on working with competitors during and after employment

12. Training and Development: Required training programs and professional development expectations

13. Termination: Conditions and procedures for ending the employment relationship

14. Governing Law: Specification of Nigerian law as governing law and jurisdiction