Brokerages, Agents Face Own ‘Bombshell’ Decisions in Lawsuit’s Wake
What can agents and brokerages who are worried about pay cuts, job loss or running up against the law do to protect themselves?
What can agents and brokerages who are worried about pay cuts, job loss or running up against the law do to protect themselves?
Regardless of how the judge rules following last week’s verdict in the “bombshell” commission lawsuits, it’s clear that brokers and agents who are already moving to adapt will likely be the winners.
The most important step that the industry can take across the board is to make buyer-broker agreements mandatory in every transaction. But more may need to be done depending on the case’s final disposition.
It’s time for brokers and team leaders to shine as they guide their agents through the challenging time in residential real estate. Here’s how you can do it, too.