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VAR Form 420 Independent Contractor Listing Agreement FINAL3.doc

VAR Form 420 Independent Contractor Listing Agreement FINAL3.doc 2025

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The VAR Residential Listing Agreement is a legally binding contract between a property owner and a real estate broker, establishing an independent contractor relationship. It outlines the broker's obligations, services to be provided, listing price, compensation structure, and terms regarding dual representation. The agreement emphasizes compliance with Virginia law, confidentiality, and fair housing practices while detailing responsibilities related to property disclosures and marketing activities.

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What is the difference between a self contractor and an independent contractor?

Independent Contractor Agreement. THIS INDEPENDENT CONTRACTOR AGREEMENT (this ICA) is made and entered into by and between the undersigned real estate licensee (Agent), and the applicable eXp entity 1 licensed as a real estate brokerage company in Agents state(s) of licensure (eXp).

What is the purpose of an independent contractor agreement in real estate?

Independent contractor agreements are integral to real estate transactions, facilitating clear communication, defining responsibilities, and offering legal protection to both parties.

How do I fill out an independent contractor agreement?

A real estate agent independent contractor agreement is a contract between a real estate company and a salesperson that details the terms of commission and expenses between the parties.

What is an independent contractor agreement in real estate?

Independent contractor means a real estate licensee who (i) enters into a brokerage relationship based upon a brokerage agreement that specifically states that the real estate licensee is acting as an independent contractor and not as an agent; (ii) shall have the obligations agreed to by the parties in the brokerage

What is the purpose of an independent contractor agreement?

Becoming an independent contractor is one of the many ways to be classified as self-employed. By definition, an independent contractor provides work or services on a contractual basis, whereas, self-employment is simply the act of earning money without operating within an employee-employer relationship.

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