“Stabbed in the back on the way out”: Chicago brokers say they face fierce clawbacks for jumping ship
Ryan Serhant (Illustration by The Real Deal/Getty)With the arrival of a new player in the Chicago residential market, brokerages are strictly enforcing commission clawbacks to stem the flow of departing agents, The Real Deal has learned. Clawbacks are clauses or policies in independent contractor agreements that agents sign with brokerages; they determine the future split on a listing if an agent leaves the firm during a listing’s lifecycle. Multiple agents, who spoke to TRD on condition of anon
Ryan Serhant (Illustration by The Real Deal/Getty)With the arrival of a new player in the Chicago residential market, brokerages are strictly enforcing commission clawbacks to stem the flow of departing agents, The Real Deal has learned. Clawbacks are clauses or policies in independent contractor agreements that agents sign with brokerages; they determine the future split on a listing if an agent leaves the firm during a listing’s lifecycle. Multiple agents, who spoke to TRD on condition of anon
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