What happens to commission if I get fired during conditional period?
Property under contract, haven't hit target and could be let go. Would the commission still be payable to me?
[{"id": "f8u3f7z", "text": "Unless agreed by your employing broker it would stay with them most likely", "replies": [], "depth": 1}, {"id": "f8u49zv", "text": "Depends on the state.  In CO and TX you would still be legally due the commission - it\u2019s a state law issue, then a firm-specific issue.", "replies": [], "depth": 1}, {"id": "f8u5rd9", "text": "Do you have a draw or an expense account? Desk fees? If you have unpaid expenses, the commission would go to that. If you move to another company, your existing company would get the comission, not the new company, since it is in the works already. \n\nDo you have an IC agreement with your broker? Do you have signed exclusives with all parties involved entitling you to a comission? \n\nIf not, expect to be screwed. Senior brokers make a good living out of dicking over young brokers, I have seen it so many times.", "replies": [{"id": "f8vx43m", "text": "It happened to me. Had a slam dunk opportunity to list a $14m office development site within my 1st 8 months at M&amp;M. I was told I needed a senior on the listing, I agreed and they told me it was going to be this grey hair who sold apartment buildings. I did all the work for another 6 months, found the buyer (got into trouble there because I wasn\u2019t allowed to call them, someone else at the co owned the relationship), put it under contract and brought a backup offer. then I was let go for lack of production. Immediately after the property closes the greyhair retired. He had averaged $24m/ yr for 20 yrs. It was an expensive lesson", "replies": [{"id": "f8vz88t", "text": "There is a reason M&amp;M has the reputation it does. I hope that is a lesson you only had to learn once.", "replies": [], "depth": 3}, {"id": "f9idem4", "text": "How would you avoid such a situation? I\u2019m curious because I might end up working at M&amp;M.  \n\nJust make sure the agreements and commission go to you in the contract?", "replies": [{"id": "f9okcl4", "text": "I\u2019m sure every office is different, at least to a degree. My general advice is to find a mentor wherever you go and preferably before you sign up. Wherever that person is that is willing to believe in you, go there. I say that because I don\u2019t know a good way around. You could try to negotiate into your contract that you get paid on any pending deals, but without a track record you\u2019ve got no cards.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f8uai21", "text": "I know my brokerage wouldn\u2019t let a broker go if they have a property under contract. I\u2019ve always thought they used those metrics to get rid of the guys that aren\u2019t producing. Have you tried talking to your manager or senior?", "replies": [], "depth": 1}, {"id": "f8ueyos", "text": "Procuring cause? What does your employment or indy contractor agreement say?", "replies": [], "depth": 1}, {"id": "f8uid7b", "text": "I seriously doubt you'd be let go if you have a property under contract. You're ACTUALLY producing.", "replies": [{"id": "f8v7a4x", "text": "Tell that to the dozen Juniors I see come and go every year. In my area you have 3 years to start producing 500k gross, or at best you\u2019ll have your splits reduced but most likely you\u2019re looking for a new shop.", "replies": [], "depth": 2}], "depth": 1}]