CAREER TOOLBOX: REAL ESTATE
I Don't Like the Broker I Work For
Kaplan Real Estate Education
Published: November 19, 2015
When you and the broker you work for do not see eye to eye, it's time to make a change. In this installment of Toby Talks, we learn what your options are, and what things you need to be aware of before making that move. There are certain steps you must take to ensure that you're not violating the terms of your agreement with your current broker when you make the move.
- As an independent contractor, you can walk away from your current broker at any time. They can't stop you.
- However, if you owe your broker for marketing expenses or past-due desk fees, you will still owe them.
- Any client currently under contract will stay with your broker. You can't solicit current clients to come with you in the move.
- You are entitled to all commissions owed. Look in the agreement you signed with your broker for the terms that define how much of that commission you are entitled to.
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