A real estate consultant agreement outlines the terms and conditions regarding a business relationship between two parties. The real estate consultant is hired by their client to broker a deal, assist in land development, assess a current property, or help them in any other real estate related situations. All the services to be performed by the real estate consultant will be entered into the agreement along with the compensation amount for these services. This consultant will be given access to the client’s personal and business records and information; therefore, the consultant agreement document contains clauses to protect the client’s proprietary information. The agreement also describes the consultant’s independent contractor status, establishes termination options, and covers how disputes will be resolved should any arise.
What is a Real Estate Consultant?
A real estate consultant is most likely going to be a broker, developer, appraiser, assessor, or any other individual that has a grasp of the local market. Whether it’s with a development where the consultant will have an understanding of what can be approved at the local planning department or flipping a home where an agent can say where the marketing is headed, a consultant should provide knowledge on the real estate project.
Real Estate Consultant Salary & Hourly Rate
If the real estate consultant is a licensed agent he or she will most commonly be paid when the project is complete and be allowed to sell the property through a listing agreement. If the consultant is not a licensed agent then he or she will have to be paid by the hour or salary. A non-licensed real estate agent is prohibited from collecting a commission.