The Real Estate Non-Compete Agreement is designed to protect a brokerage’s business interests by limiting competitive activities by former agents or contractors. This specialized agreement clearly defines non-compete boundaries, preserving client relationships, brand value, and the integrity of your brokerage’s operations.
Key Components of This Agreement:
- Non-Compete Duration & Scope
Establish how long and in what geographic area the departing agent is restricted from engaging in competitive real estate activities. - Client and Lead Restrictions
Specifies non-solicitation provisions regarding existing clients, leads, or contacts acquired during the agent’s tenure. - Permitted Exceptions
Clarifies exceptions—such as personal real estate activities or non-overlapping market areas—to ensure fair balance. - Confidentiality & Goodwill Protection
Safeguards the brokerage’s sensitive information, pricing, marketing strategies, and proprietary client data. - Enforcement & Remedies
Outlines consequences for breaches, including potential injunctive relief, damages, and other available legal remedies.
Why Use This Real Estate Non-Compete Agreement?
- Preserves Client Relationships
Ensures that client goodwill remains with the brokerage rather than transitioning to a competing agent. - Protects Brokerage Investments
Secures costly resources like leads, training, and marketing developed during the agent’s service. - Maintains Operational Stability
Helps sustain the brokerage’s brand reputation and market presence post-agent departure.
How to Customize Your Template
- Download the template.
- Replace placeholders with your brokerage’s name, agent details, and specific parameters (duration, radius, etc.).
- Adjust clauses to fit local legal requirements or business policies.
- Add complementary provisions (e.g., dispute resolution, severability) as needed.
- Save, review, and consult a legal advisor if required—then finalize for signature.
