Switching Brokerages for the first time
How do you go about this? In other jobs I’ve done 2 weeks notice, but feel like that wouldn’t exactly apply to CRE. Any experience here on how to handle or what to expect (escorted out, etc).
[{"id": "fj0ozl8", "text": "make sure you're covered on all bases.  all your files, backed up, any paperwork you may need  obviously.  once you give them your notice they'll give you a few days max.  they don't want you there if you don't want to be there.", "replies": [{"id": "fj15d7s", "text": "The day you notify them you will likely be escorted out of the building immediately.", "replies": [{"id": "fj2lhlz", "text": "depends if the big boys are your friends.   but basically make sure you got all your shit 1000 percent prepared backed up.  everything", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fj0qeen", "text": "make sure you check out the promotion. $600 blah balh.. You need to ask new brokerage.", "replies": [], "depth": 1}, {"id": "fj0qhr7", "text": "Yeah just make sure your circle of contacts and emails and people that are important to you are all backed up and ready to go. Then it is as simple as being straight up and telling them you\u2019re leaving. You can even just take your stuff and walk out without saying anything and send them an email. I find the best way is to be very nice and explain yourself. Let them feel like they have provided you with a good experience for the time you were there. Then when they charge you your final fees hopefully they are nice to you. Also a good idea to sit down and figure out that number before they charge you so you can be okay with that.", "replies": [{"id": "fj0rigl", "text": "Don\u2019t just leave and send an email unless you\u2019re a complete pussy.", "replies": [{"id": "fj0rsfa", "text": "I agree but I just wanted him to understand he could do that and it is within his rights.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fj0s40w", "text": "And for those of you who are downvoting my comment.... get real. I am trying to give him as much info as I can which means exploring ALL options so just because it isn\u2019t the way you\u2019d do it.", "replies": [], "depth": 1}, {"id": "fj17szm", "text": "Here is how it usually happens from what I noticed. You are an independant contractor. You should have some kind of contract that states for what term you agree to work exclusively for the company. \n\nBrokers who are 6 months away from the expiration of their contract, start to sand bag their deals and slowly take their papers, files ect to a separate system. \n\nYou will come in one day and their office will be empty but they spent the last few weeks talking to all their clients and telling them it is going to be ok. They then do all the deals they were going to do at the current company at the new company. \n\nThe company does not matter really, unless they were feeding you deals. If you were working on large corporate tenant work out of New York, that pipeline is cut off, but for the most part you are doing the same deals you would have been doing with the same people, just hopefully with less assholes, or a different set of assholes at least. \n\nYou do not give 2 weeks notice, you are not an employee. You are a valuable asset and they are fucked for losing you and you make the midnight move like so many before you. \n\nThis is unless you are an employee and they give you a W2 and you clock in and out, and report your overtime hours ect. I am assuming that you are in sales.", "replies": [{"id": "fj9qbrp", "text": "I am. You think I tell them which firm I am going to if they ask? They\u2019d most likely consider it a direct competitor over the others.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fj1siw9", "text": "Not a brokerage but still sales. \n\nI just gave them my 2 weeks notice and planned on working the 2 weeks not expecting commission if I made any. They let me go that day though. Which I had a feeling they would do. They did pay me for the 2 weeks which is nice. Though I had made sales prior to this that I didn\u2019t get commission on. \n\nThey asked me why I gave a two weeks and I told them it was the proper thing to do. If they wanted me to work the 2 weeks I would still give them my full attention even though I wouldn\u2019t get the commission (don\u2019t burn bridges). \n\nWith sales though you\u2019ll likely be let go that day. Just get all your files because you likely won\u2019t be allowed back on your computer.", "replies": [], "depth": 1}, {"id": "fj21log", "text": "this seems to vary greatly depending where you are, what your ic says and the relationship with your broker/company.\n\nI've seen this basically be handled by the old broker having a chat with the new broker and negotiating referrals to take those listings to the new broker, also brokers have the fuck you i own that even if thats your client and I've never even talked to them mentality and that gets a lot more interesting.  I got some 0% referals to me from a competitor once over that since he couldn't take them and just didn't want his old broker to have them.\n\nbasically \"Hi client, unfortunately I am no longer with abc brokerage.  I will be beginning with bcd soon, but have contractual obligations which prohibit me doing business with you for 12 months.  In the meantime when your listing expires in 45 days, I'd strongly recommend considering NNL with CDE\"\n\nI'd read your IC very carefully and make sure you understand it, it dictates completely how this works for you.  As the others said back up everything, as soon as you make your intentions known you may never touch any data they have again.", "replies": [{"id": "fj9q5x0", "text": "Thank you!", "replies": [], "depth": 2}], "depth": 1}, {"id": "fj2ung9", "text": "When I switched my broker and I negotiated clients and sorta split them down the middle", "replies": [], "depth": 1}, {"id": "fj7553l", "text": "I\u2019m in IS, I\u2019d expect to be let go that day right away. Back up anything you need, there\u2019s no such thing as 2 weeks when you\u2019re on commission.\n\nPrepare everything before and leave at say end if the week. Do you have a new job lined up?", "replies": [{"id": "fj9q2c9", "text": "I do, just finalizing everything. I\u2019ve been trying to back up all my info just for this reason", "replies": [{"id": "fjc2men", "text": "You\u2019ve been it in longer than me but to me most important is outlook contacts. Deals, recent emails, etc. I\u2019d forward all that to an offsite email or take it with me.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]