As an independent sales employee there are many finer points of an employment contract you may want to “nail down” before you make the move.
Contracts are not set in stone; they are negotiable.
You have the most leverage BEFORE you sign on the dotted line.
If some of the 15 things I’m about to list are not covered or are unclear, you might want to get them clarified right now before it’s too late!
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1. What happens to your pipeline if you quit?
2. What happens to your pipeline if you get fired?
3. What happens to transactions if you are disabled / take a leave of absence?
4. What happens to the leads (not a yet a listing) if you leave the company?
5. What is the company policy on internet and social media marketing?
6. Who owns the database if you quit or are fired from the company?
7. When do commissions get paid while you are employed?
8. What are the reasons you would not get paid a commission on a file?
9. What is the commission policy if a transaction closes after you leave the company?
10. Is there a non-compete clause? (not valid in California).
11. Will you be allowed to talk with processors and transaction coordinators(s) after you leave?
12. What is the company’s privacy policy regarding what “client information” you can include in your personal database?
13. Who is responsible for paying for marketing and promotions?
14. Does the company have the right to make changes to a written contract without notice?
15. Does the company ever require you to pay back commissions (or portions of commissions) and for what reasons?\ns!
Daniel Dobbs (.org)
Managing Broker
Mutual Home Mortgage
500 S. Kraemer #165
Brea, Ca. 92821
Cell: 949 250-3981
Dandobbs6@gmail.com
BRE # 00986886 …..NMLS# 307631
Copywrite © August, 2018 Daniel Dobbs MHM Mortgage /// All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the publisher, addressed “Attention: Daniel Dobbs, Author- VP-Broker Mutual Home Mortgage 265 S. Randolph #120 Brea, Ca. 92821 Cell: 949 250-3981 Dandobbs6@gmail.com NMLS #307631 BRE #00986886