Legal Cornerstones For Agency Success

Overview

Are you contemplating launching your own business venture or growing your current business?

Rex Afrasiabi, an experienced lawyer specialising in real estate will break down the fundamental legal considerations that are crucial for laying the groundwork and fostering growth in your real estate enterprise. From deciphering licensing requisites to structuring partnerships and protecting your business interests, this webinar will provide you with the knowledge essential for growing your business.

Designed for:

This webinar is designed for Real estate business owners or agents thinking of starting their own business.

Expected outcomes:

Participating in this webinar will offer you insights into the following topics:

Starting a Real Estate Business

• Licensing: Understanding the licensing requirements specific required to open a real estate office.
• Corporate Structures: Choosing the right legal structure for your business (such as sole proprietorship, partnership, trusts, or corporations) affects liability, taxes, and management.
• Partnership Agreements: Clearly defining roles, responsibilities, profit-sharing, and exit strategies in partnership agreements is crucial. Addressing scenarios like license loss is essential.

Employees

• Applicable Awards: Knowing the relevant industry awards ensures fair compensation and compliance with labor laws.
• Commission-Only Agents: Understanding the pros and cons of commission-only arrangements.
• Independent Contractors: Clarifying the status of independent contractors versus employees.

Protecting Your Real Estate Business

• Trademarking independent agency logos.
• Restraints on Employees: Non-compete and non-solicitation clauses can protect your business interests when employees leave and understanding how to make them enforceable with the latest court rulings.
• Commissions Protection: Ensuring contracts clearly outline commission terms and conditions safeguards your earnings.

Growing Through Rent Roll Purchase

• Due Diligence: what does a thorough rent roll purchase due diligence look like?
• Retention Strategies: Retaining existing clients post-purchase is essential and what to negotiate in the Contract.